Addendum to Loan Agreement Between ClimateRock and Eternal BV Dated March 31, 2022
ClimateRock and Eternal BV have agreed to amend their original loan agreement dated October 1, 2021. This addendum, effective March 31, 2022, extends the period during which the borrower, ClimateRock, can draw funds from the lender, Eternal BV, to April 30, 2022. All other terms of the original loan agreement remain unchanged.
Exhibit 10.10
ADDENDUM TO THE LOAN AGREEMENT
| To: | Eternal BV, The Lender |
| From: | ClimateRock, The Borrower |
| Date: | 31 March 2022 |
This addendum to the Loan Agreement dated October 1, 2021 (hereinafter referred to as the “addendum”), is made as of March 31, 2022, by and between:
| (1) | ClimateRock (the “Borrower”), 50 Sloane Avenue, London, SW3 3DD, The United Kingdom and |
| (2) | Eternal BV (the “Lender”), Mariëndaal 8, 6861 WN Oosterbeek, The Netherlands. |
(the Lender and Borrower individually or collectively referred to as a “Party” and the Parties”, respectively).
In consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower and the Lender agree to alter ‘Drawdown Period’ defined in SCHEDULE 1 of the said Loan Agreement which should be read as follows:
Drawdown Period: 1 October 2021 – 30 April 2022
The rest of the provisions of the said Loan Agreement remain effective.
| /s/ Per Regnarsson | /s/ Charles Ratelband | |
| Signed by Per Regnarsson | Signed by Charles Ratelband for and on behalf of the Lender | |
| Re for and on behalf of the Borrower ClimateRock | Eternal BV |
| Long Form Loan Agreement - Unsecured |
