THIRD MODIFICATORY AGREEMENT DATED DECEMBER 11, 2023, TO THE CREDIT AGREEMENT DATED AS OF OCTOBER 16, 2019, ENTERED BY:Third Modificatory Agreement • January 30th, 2024 • Murano Global Investments LTD • Hotels & motels
FIRST.- On October 16, 2019, the “LENDER”, in such capacity; the “BORROWER”, in such capacity; and the “JOINT OBLIGATOR”, in such capacity, entered into a Credit Agreement up to the less resulted amount between (i) $606,468,496.00 Pesos National Currency, and (ii) 80% of the VAT paid during the construction of the project consisting of the buildings, land, equipment, facilities, furniture, common areas and other assets necessary for the use of the first phase of the tourism project identified as “Grand lsland”, whose main components will be the “Hotel Dreams” and the “Hotel Vivid”, whose signatures were ratified by document number 224,045 dated October 16, 2019 granted by Lic. Cecilio González Márquez, Notary Public number 151 of Mexico City, hereinafter “IVA CREDIT”.
