Addendum to patronage contract (guarantee agreement)

Exhibit 10.14

Addendum to patronage contract (guarantee agreement)

of July 16, 2012

between

Xxxxx Xxxxxxx, Xxxxxxxxxxxxxx 00, 0000 Xxxxxxxxx

Hans Rigendinger, Hartbertstrasse 11, 7000 Chur

Xxx Xxxxxxx, Xxxxxx 0, 0000 Xxxxxxxxx

Zypam Ltd. 00x Xxxxxxx Xxxxx, Xxxxxx Xx, Xxxxxx Xxxx, Xxxxxx

hereinafter referred to as "guarantors"

and

SunVesta Holding AG, Xxxxxxxxxx 00, 0000 Xxxxxxxxxx

hereinafter referred to as "beneficiaries"

The Section 5, respectively § 5.1. of the patronage contract will be adjusted as follows:

5. Expiry date

5.1. This agreement is irredeemable and shall be lifted only on 31 December 2018

Oberrieden, September 22nd 2015

The guarantors:

SunVesta Holding AG

/s/ Hans Rigendinger

Hans Rigendinger

/s/ Xxxxx Xxxxxxx

Xxxxx Xxxxxxx

/s/ Dr. Max Rӧssler

Dr. Max. Rössler

/s/ Xxxxx Xxxxxxx

Zypam Ltd.

represented by Xxxxx Xxxxxxx

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