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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Capitalised terms used but not defined herein have the meaning given to them in the Trust Deed dated 14 November 2016 and made between the Issuer and Truva Services Limited (the Trustee ) (as amended from time to time) (the Trust Deed ) or, as applicable, the Facility Agreement dated 20 July 2017 and made between the Issuer and Myclubbetting.com Limited (the Borrower ) ( Facility Agreement ). We refer to Clause 5 of the Facility Agreement, pursuant to which, the Borrower shall pay interest semi-annually in arrears on 18 February and 18 August each year at the rate of 8.25% per annum. The Borrower has failed to make the interest payments due on 18 February 2019, 18 August 2019, 18 February 2020 and 18 August 2020, and is therefore in breach of its obligations in that clause.