Hertford (ticker: HIG.L), an AIM listed company which provides cheque cashing, money transfer and pre-paid debit card services, announces that it has agreed with Dexapoint United Corporation (''Dexapoint'') to increase the amount of a convertible loan agreement from £1,250,000 to £1,750,000. The original convertible loan agreement was described in Hertford's most recent Admission Document as "Loan II" and the excerpt from the admission document describing the original loan agreement can be found below

As part of the agreement to increase the loan amount the numbers of warrants attached to the loan have been increased proportionally. The new number of warrants outstanding amount to (i) 500,000 shares at a price of 20 pence per share, and (ii) 2,916,666 shares at a price of 15 pence per share, and (iii) one share for every four shares converted pursuant to Loan II at price of 15 pence per share, but limited to a maximum number of 3,365,385 shares. The warrants are exercisable from 1 August 2009.

This facility will allow Hertford to accelerate the pursuit of various business opportunities in the short-run, whilst ensuring the company can continue to meet its liabilities; specifically this facility would need to be drawn down at the end of July to settle the second instalment for the purchase of CEL.

The loan is now repayable on the following basis;

• The lower of £238,889 or the total amount of the facility drawn down on or before 31 July 2010,

• The lower of £238,889 or the balance of the facility outstanding on or before 31 December 2010,

• The lower of £377,778 or the balance of the facility outstanding on or before 31 July 2011,

• The lower of £377,778 or the balance of the facility outstanding on or before 31 December 2011,

• And any amount remaining outstanding from the drawn amount by 31 July 2012

Dexapoint has given an undertaking to the Company not to exercise any rights to acquire shares under this agreement nor any of the other agreements referred to in Hertford's most recent admission document, if as a result of such acquisition and/or any relevant allotment of shares in the capital of the Company, it, together with persons acting in concert with it, as defined in the City Code, would hold 30 per cent. Or more of the entire issued share capital of the Company unless the issue of the said shares has received prior approval in general meeting by a vote of independent shareholders in the manner described in paragraph 3 of Note 10 to Rule 9 of the City Code