EX-10 2 v191246_ex10.htm Unassociated Document
 
 
THE GOVERNMENT OF THE CAYMAN ISLANDS
 
 
An Amendment to a Licence dated 11th July 1990
to Produce Potable Water from Seawater
granted to
Cayman Water Company Limited
on 20th of      July                      2010
 
 
 
 
 
 
 
AMENDMENT TO A LICENCE DATED 11 JULY 1990 TO PRODUCE
POTABLE WATER FROM SEAWATER
 
granted to
 
CAYMAN WATER COMPANY LIMITED
 
by
 
THE GOVERNMENT OF THE CAYMAN ISLANDS
 
The Water (Production and Supply) Law 1979
 
(Law 15 of 1979)
 
THIS AMENDMENT to the Licence (as defined below) is made on the 20th of July 2010 by The Governor of the Cayman Islands (the "Governor") and Cayman Water Company Limited, a company duly incorporated under the laws of the Cayman Islands whose registered office is situated at Fourth Floor, Windward Three, Regatta Business Park, West Bay Road, PO Box 1114, Grand Cayman KY1-1102, Cayman Islands (the "Company").
 
WHEREAS
 
(1)  
On 11 July 1990 the Governor granted a licence, under Section 3 of the Water (Production and Supply) Law 1979, to the Company granting it the exclusive right within the Licence Area to process Seawater to Water for sale and to distribute and sell Water by means of pipes.
 
(2)  
The licence has been amended by four (4) amendments, dated 18 September 1990, 14 February 1991, 15 August 2001 and 1 February 2003 (the aforesaid licence, as so amended, being herein referred to as the "Licence").
 
(3)  
On 9 June 2008, the Company exercised its right to enter into negotiations for the extension of the Licence for a further period.
 
(4)  
The Term of the Licence ended on 10 July 2010 before the negotiations could be finalized.
 
NOW THIS DEED WITNESSES as follows:
 
1).
The term of the Licence, as defined by Clause 4 of the Licence, is hereby extended for an additional period from 10 July 2010 to the date upon which the Governor grants the Company a new licence, or 10 October 2010, whichever is earlier.
 
 
 
 
THE terms and definitions as contained in this Amendment and not otherwise defined shall have the same meanings as those contained within the Licence and the Licence shall hereafter be read and construed in accordance with the variations effected by this Amendment.
 
SAVE as varied by this Amendment, the Licence shall continue in full force and effect.
 
 
2
 
 
IN WITNESS WHEREOF the parties have caused this Amendment to be executed by their authorized officers.
 
The public seal of the Government of the Cayman Islands was affixed in the presence of
 
         
    /s/ Donavan Ebanks
      
    Donovan Ebanks, Acting Governor
    
 
  
 
    
 
  
         
Signed by the Water Authority in the presence of        
   
 By:
   /s/ Jonathan Piercy  
       CHAIRMAN  
         
         
    /s/ Thomas van Zanten  
By:
  /s/ Otto Watler  
    WITNESS      BOARD MEMBER  
         
         
Signed on behalf of Cayman Water Company        
Limited in the presence of  
By:
 /s/ Frederick W. McTaggart   
       DIRECTOR  
       Frederick W. McTaggart   
         
    /s/ Tracey Ebanks  
By:
 /s/ Clarence B. Flowers  
    WITNESS  Tracey Ebanks      DIRECTOR  
       Clarence B. Flowers