Acceptance Letter for Loan Agreement between Scotiabank & Trust (Cayman) Ltd and Cayman Water Company Ltd.
This letter from Scotiabank & Trust (Cayman) Ltd to Cayman Water Company Ltd confirms that the bank has agreed to accept a previously negotiated agreement, even though it was signed after the original deadline of August 31, 2022. The letter serves as formal acceptance of the agreement's terms despite the late execution. The main parties involved are Scotiabank & Trust (Cayman) Ltd and Cayman Water Company Ltd.
EXHIBIT 10.2
September 16, 2022
Cayman Water Company Ltd.
P.O. Box 1114
Grand Cayman KYI-1202 Cayman Islands
Attention: Mr. David Sasnett
Dear Mr. Sasnett,
RE: Acceptance of the Agreement
We refer to the Agreement dated August 23, 2023 between Scotiabank and Trust (Cayman) Ltd (the "Bank") and Cayman Water Company Ltd. (the "Borrower") and hereby advise that the Bank has agreed to accept the Agreement even though it was executed after the lapse date of August 31, 2022.
Should you have any questions, kindly contact the undersigned.
Yours truly,
/s/ Adrian Cox /s/ Pascal Gajraj
Adrian CoxPascal Gajraj
Senior Corporate Relationship Manager Corporate & Commercial Banking
Director & Head of Wholesale Banking
Corporate & Commercial Banking
