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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001144204-10-039056.txt : 20100723
<SEC-HEADER>0001144204-10-039056.hdr.sgml : 20100723
<ACCEPTANCE-DATETIME>20100722173900
ACCESSION NUMBER:		0001144204-10-039056
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100720
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100723
DATE AS OF CHANGE:		20100722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		10965611

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
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2010</font></div>
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WATER CO. LTD.</font></div>
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Floor</font></div>
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945-4277</font></div>
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appropriate box below if the Form 8-K filing is intended to simultaneously
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provisions (see General Instructions A.2. below):</font></div>
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        <div id="GLFTR" style="WIDTH: 100%" align="left">
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item&#160;1.01.</font>&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Entry into a Material Definitive
Agreement.</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Since
July 11, 1990, Consolidated Water Co. Ltd. (the &#8220;Company&#8221;) has had the exclusive
right to provide potable water to retail customers within a specified service
area under a license issued by the Cayman Islands government.&#160;&#160;The
present service area is comprised of an area on Grand Cayman Island that
includes the Seven Mile Beach resort area and the district of West Bay, two of
the three most populated areas in the Cayman Islands.&#160;&#160;For the year
ended December 31, 2009, the Company generated approximately 40% of its
consolidated revenues and 58% of its consolidated gross profits from the retail
water operations conducted within the area covered by the license.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On July
20, 2010, the Company entered into a three-month extension of the license so
that the Company could complete negotiating the terms of a new license with the
Cayman Islands government. The license was set to expire on July 10,
2010.&#160;&#160;No other terms of the license were modified.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
the course of the negotiations, representatives of the Cayman Islands government
have indicated their intention to structure the terms of a new license to employ
a &#8220;rate of return on invested capital water rate model&#8221;.&#160;&#160;Depending
upon the terms included in such new license, the Company&#8217;s water rates to
customers could be reduced, thereby resulting in a corresponding reduction in
the Company&#8217;s operating income as compared to operating income that the Company
has historically generated under the license.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
the three-month extension of the license, the Company intends to continue
negotiating a new license agreement with the Cayman Islands
government.&#160;&#160;As long as the Company is not in default of any terms of
the existing license, even if a new license agreement is not concluded during
the three-month extension, the Company would have a right of first refusal to
renew the license on terms that are no less favorable than those that the
government might offer in the future to a third party.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If the
Company does not enter into a new license agreement at the conclusion of the
three-month period or any agreed extension, and no other party is awarded a
license, the Company expects to be permitted to continue to supply water to its
service area.&#160;&#160;However,&#160;&#160;the terms of such continued supply
may not be as favorable to the Company as the terms in the existing
license.&#160;&#160;It is possible that the government could offer a third party
a license to service some or all of the Company&#8217;s present service
area.&#160;&#160;In such event, the Company may assume the license offered to
the third party by exercising the Company&#8217;s right of first
refusal.&#160;&#160;The terms of the new license agreement may not be as
favorable to the Company as the terms under which the Company is presently
operating.</font></div>
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9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and
Exhibits.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Exhibit
      No.</font></div>
              </td>
              <td align="left" valign="top" width="85%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Title</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10</font></div>
              </td>
              <td align="left" valign="top" width="85%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      to License Agreement, dated July 20, 2010, between the Government of the
      Cayman Islands and Cayman Water Company
Limited</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
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        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
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Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.</font></div>
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">CONSOLIDATED
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      <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Frederick
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July 22, 2010</font></div>
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INDEX</font></div>
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            <td style="WIDTH: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Exhibit</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">Description</font></td>
          </tr>
          <tr valign="top">
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10</font></div>
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            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      to License Agreement, dated July 20, 2010, between the Government of the
      Cayman Islands and Cayman Water Company
Limited</font></div>
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<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>v191246_ex10.htm
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    <title>Unassociated Document</title>
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    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
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GOVERNMENT OF THE CAYMAN ISLANDS</font></div>
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      Amendment to a Licence dated 11<font style="DISPLAY: inline; FONT-SIZE: 10pt; VERTICAL-ALIGN: super; FONT-FAMILY: times new roman">th</font>
      July 1990
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      Water Company Limited</font></div>
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      2010</font></div>
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TO A LICENCE DATED 11 JULY 1990 TO PRODUCE</font></div>
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WATER FROM SEAWATER</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">granted
to</font></div>
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WATER COMPANY LIMITED</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">by</font></div>
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GOVERNMENT OF THE CAYMAN ISLANDS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Water
(Production and Supply) Law 1979</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Law 15
of 1979)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THIS
AMENDMENT to the Licence (as defined below) is made on the <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">20th</font>
of </font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">July
</font>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").</font></font></div>
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      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.</font></div>
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      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").</font></div>
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  period.</font></div>
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      Term of the Licence ended on 10 July 2010 before the negotiations could be
      finalized.</font></div>
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DEED WITNESSES </font>as follows:</font></font></div>
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      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.</font></div>
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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.</font></div>
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effect.</font></div>
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WITNESS WHEREOF the parties have caused this Amendment to be executed by their
authorized officers.</font></div>
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of</font></div>
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