AMENDMENT TO LOAN AGREEMENT
EXHIBIT 10.27
AMENDMENT TO LOAN AGREEMENT
This Amendment to the loan agreement dated May 9, 2022 by and between Aqua Gas S.A.C. (“Borrower”), Glide Master Fund SPC Ltd. – AV Alternative Fund II (Master) Segregated Portfolio (“Lender”), Fisso Inversiones S.A.C. (“Guarantee Agent”), Xxxxx Xxxxxxx Xxxxxxx Xxxxxx (“Guarantor) and Xxxxxx Xxxxxxx Xxxxx Xxxxxxxxx (Mortgage Guarantor”) (all parties collectively referred to herein as “the Parties”) is hereby entered into this 9th day of May, 2022 by the Parties as follows:
WHEREAS , the Parties entered into that certain loan agreement dated May 9, 2022 (“Loan Agreement”) by which Xxxxxx loaned Borrower $2,000,000.00 (“the Loan”); and
WHEREAS, the Parties agreed to modify the Repayment Schedule attached to the Loan Agreement to extend the due date of the Loan in accordance with the new Repayment Schedule attached hereto as “Exhibit A”; and
WHEREAS, as of the date of this Amendment, the outstanding balance of the Loan is $1,834,831.02.
NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants hereinafter set forth, and intending to be legally bound, the Parties hereby agree as follows:
1. Recitals: The foregoing recitals are true and correct.
2. Repayment Schedule: The Loan Agreement is hereby amended to replace the Repayment Schedule attached to the Loan Agreement with the Repayment Schedule attached hereto as Exhibit “A”.
3. Loan Agreement: All other terms and conditions of the Loan Agreement not inconsistent herewith remain in full force and effect.
AQUA GAS S.A.C. | GLIDE MASTER FUND SPC LTD. – AV ALTERNATIVE FUND II (MASTER) SEGREGATED PORTFOLIO | |||||||
By: | /s/ Xxxxxx Xxxxx |
By: | /s/ Xxxxxxxx Xxxxxx | |||||
Print: | Xxxxxx Xxxxx | Print: | Xxxxxxxx Xxxxxx | |||||
Title: | Legal Representative | Title: | Legal Representative |
FISSO INVERSIONES, S.A. (Guarantee Agent) | ||
By: | /s/ Xxxxx Xxxxxxxx Xxxx Xxxxxxx | |
Print: | Xxxxx Arbetano Xxxx Xxxxxxx | |
Title: | Representative | |
/s/ Xxxxx Xxxxxxx Xxxxxxx Xxxxxx | ||
Xxxxx Xxxxxxx Xxxxxxx Xxxxxx (Guarantor) | ||
/s/ Xxxxxx Xxxxxxx Xxxxx Xxxxxxxxx | ||
Xxxxxx Xxxxxxx Xxxxx Xxxxxxxxx (Mortgage Guarantor) |
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CURRENCY DISBURSEMENT 2 YEAR INTEREST |
American Dollars 2,000,000.00 508,800.00 |
TOTAL MONTHLY FEE (1-24) EFFECTIVE RATE |
2,508,800.00 117,380.50 12.00% |
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PERIOD | DATE | PAYMENT | CAPITAL | AMORTIZATION | INTEREST | CASH FLOW | ||||||||||||||||
DISBURSEMENT | 9/18/2019 | 2,508,800.00 | -2,508,800.00 | |||||||||||||||||||
1 | 10/18/2021 | 117,380.50 | 2,415,224.99 | 93,575.01 | 23,805.49 | 117,380.50 | ||||||||||||||||
2 | 11/18/2021 | 117,380.50 | 2,320,762.06 | 94,462.93 | 22,917.57 | 117,380.50 | ||||||||||||||||
3 | 12/18/2021 | 117,380.50 | 2,225,402.79 | 95,359.27 | 22,021.23 | 117,380.50 | ||||||||||||||||
4 | 1/18/2022 | 117,380.50 | 2,129,138.68 | 96,264.11 | 21,116.39 | 117,380.50 | ||||||||||||||||
5 | 2/18/2022 | 117,380.50 | 2,031,961.14 | 97,177.54 | 20,202.96 | 117,380.50 | ||||||||||||||||
6 | 3/18/2022 | 117,380.50 | 1,933,861.50 | 98,099.64 | 19,280.86 | 117,380.50 | ||||||||||||||||
7 | 4/18/2022 | 117,380.50 | 1,834,831.02 | 99,030.49 | 18,350.01 | 117,380.50 | ||||||||||||||||
8 | 5/18/2022 | 117,380.50 | 1,734,860.85 | 99,970.17 | 17,410.33 | 117,380.50 | ||||||||||||||||
9 | 6/18/2022 | 117,380.50 | 1,633,942.09 | 100,918.76 | 16,461.74 | 117,380.50 | ||||||||||||||||
10 | 7/18/2022 | 117,380.50 | 1,532,065.73 | 101,876.36 | 15,504.14 | 117,380.50 | ||||||||||||||||
11 | 8/18/2022 | 117,380.50 | 1,429,222.68 | 102,843.04 | 14,537.46 | 117,380.50 | ||||||||||||||||
12 | 9/18/2022 | 117,380.50 | 1,325,403.78 | 103,818.90 | 13,561.60 | 117,380.50 | ||||||||||||||||
13 | 10/18/2022 | 117,380.50 | 1,220,599.77 | 104,804.02 | 12,576.48 | 117,380.50 | ||||||||||||||||
14 | 11/18/2022 | 117,380.50 | 1,114,801.29 | 105,798.48 | 11,582.02 | 117,380.50 | ||||||||||||||||
15 | 12/18/2022 | 117,380.50 | 1,007,998.91 | 106,802.38 | 10,578.12 | 117,380.50 | ||||||||||||||||
16 | 1/18/2023 | 117,380.50 | 900,183.10 | 107,815.81 | 9,564.69 | 117,380.50 | ||||||||||||||||
17 | 2/18/2023 | 117,380.50 | 791,344.25 | 108,838.85 | 8,541.65 | 117,380.50 | ||||||||||||||||
18 | 3/18/2023 | 117,380.50 | 681,472.65 | 109,871.60 | 7,508.90 | 117,380.50 | ||||||||||||||||
19 | 4/18/2023 | 117,380.50 | 570,558.51 | 110,914.15 | 6,466.35 | 117,380.50 | ||||||||||||||||
20 | 5/18/2023 | 117,380.50 | 458,591.92 | 111,966.59 | 5,413.91 | 117,380.50 | ||||||||||||||||
21 | 6/18/2023 | 117,380.50 | 345,562.91 | 113,029.02 | 4,351.48 | 117,380.50 | ||||||||||||||||
22 | 7/18/2023 | 117,380.50 | 231,461.38 | 114,101.52 | 3,278.98 | 117,380.50 | ||||||||||||||||
23 | 8/18/2023 | 117,380.50 | 116,277.17 | 115,184.21 | 2,196.29 | 117,380.50 | ||||||||||||||||
24 | 9/18/2023 | 117,380.50 | 0.00 | 116,277.17 | 1,103.33 | 117,380.50 |
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