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Exhibit 10.38
AMENDMENT No. 1
To the Financing Agreement concluded on 24 February 2012
Between the undersigned:
ABN AMRO Commercial Finance
A French limited liability company (S.A.) with share capital of €€20,000,015
Whose head office is at: 39, rue Anatole France
92532 LEVALLOIS PERRET Cedex
Nanterre Trade and Companies Register 410 750 863
Hereinafter referred to as “ABN AMRO COM FIN”, party of the first part
And
OFFICE DEPOT BS
A French simplified joint-stock company (SAS) with share capital of €€140,803,200
Whose head office is at: 126, avenue du Poteau
60300 SENLIS
Trade and Companies Register 324 559 970
Hereinafter referred to as “the Client”, party of the second part
1 – The a) opening of accounts receivable in ARTICLE 5: Receivables Management is cancelled and replaced by the following:
a) Opening of accounts receivable
Prior to activation of the line of credit, and at the most once per week, the Client shall send ABN AMRO COM FIN the computer file
meeting the requirements of the specifications appended hereto (Appendix 1) of the debtors included in the scope of application, cited
in Article 1, comprising the following information:
Only the SIREN number given by the Client is valid as identification of the debtor.
The debtors assigned by the Client benefit from an automatic outstanding loan set by default at €€80,000 (eighty thousand euros).
Clients who benefit from an outstanding loan exceeding €€80,000 (eighty thousand euros), which has been validated by ABN during
the last audit prior to activation of the line of credit, continue to benefit from this outstanding loan throughout the contract.
For any outstanding loan exceeding €€80,000 (eighty thousand euros) due from a debtor not subject to public law, the Client shall
transfer to ABN AMRO COM FIN any non-confidential information in its possession enabling it to assess solvency. With regard to
debtors whose credit limit exceeds €€80,000 (eighty thousand euros), ABN AMRO COM FIN agrees to inform the Client of its
approval within a maximum of two working days from when the information is sent by the Client. If it does not send the non-
confidential information in its
p
ossession, a
pp
roval is deemed to be refused.
- Account number of the debtor in the subled
g
er
-Com
p
an
y
name of the debtor
- SIREN number of the debtor
- Address and tele
p
hone number of the debtor
th