EX-10.27 7 ex10-27.htm

 

Exhibit 10.27

 

   
  CREDIT SUISSE (Schweiz) AG
  Hagenholzstrasse 20/22 Phone +41 (0)44 333 1111
  CH-8070 Zurich www.credit-suisse.com

 

[stamp:] Copy for the Bank

 

Credit Risk Management

Recovery Management, CCVB 21E

 

Yvonne Kühne

Vice President

+41 (0)44 334 30 95

yvonne.kuehne@credit-suisse.com

Registered Letter

Hocoma AG

Dr. Patrick Bruno

Industriestrasse 4

8604 Volketswil

 

November 29, 2021

 

Addendum to Master Credit Agreement dated 07/21/2020 and 07/23/2020

 

Borrower: Hocoma AG

 

Dear Dr. Bruno,

 

We are writing in regard to the conversation on November 15, 2021, as well as the previous email correspondence between you, Mr. Jens Eriksen, and Ms. Yvonne Kühne. As agreed, with this letter we are informing you of the following changes/additions to the above credit agreement.

 

Utilization

 

The cash limit and the limit for contingent liabilities can currently be used with a maximum term of 1 month (exception: current fixed advance with a term from November 17, 2021 to December 31, 2021).

 

Amortization

 

The line of credit shall be reduced by CHF 250,000.00 per month, for the first time on December 31, 2021. The utilization of the individual credit products is in any case limited by the amount of the available line of credit.

 

Positive Duties

 

The borrower undertakes to process a proportionate account turnover through the bank without requiring the bank’s written consent.

 

This letter forms an integral part of the above credit agreement. The remaining provisions and specifications stated therein remain valid.

 

We thank you for your understanding and ask for your attention to this addendum. If you have any questions, Ms. Yvonne Kühne will be happy to help you.

 

Kind regards,

 

CREDIT SUISSE (Schweiz) AG

 

[signature] [initials]
   

Giovanna Stefano

Authorized Representative

Peter Mathis

Director