EX-10.27 4 d358530dex1027.htm EX-10.27 EX-10.27

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”), Jorge Enrique Arévalo García (“Guarantor) and Carlos Alberto Kiyan Miyashiro (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 Lender 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/ Carlos Kiyan

     By:  

/s/ Antonino Ciulla

Print:   Carlos Kiyan     Print:   Antonino Ciulla
Title:   Legal Representative     Title:   Legal Representative

 

FISSO INVERSIONES, S.A. (Guarantee Agent)
By:  

/s/ Cesar Arbetano Arbe Saldana

Print:   Cesar Arbetano Arbe Saldana
Title:   Representative

/s/ Jorge Enrique Arevalo Garcia

Jorge Enrique Arevalo Garcia (Guarantor)

/s/ Carlos Alberto Kiyan Miyashiro

Carlos Alberto Kiyan Miyashiro (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%		         
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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