Exhibit 10.27
 
SECOND AMENDMENT
TO
THIRD AMENDED AND RESTATED
SENIOR SECURED CONVERTIBLE PROMISSORY NOTE

This Second Amendment to Third Amended and Restated Senior Secured Convertible
Promissory Note (“2014 Amendment”) is made and entered into this ___ day of
April, 2014 by EAU Technologies, Inc., a Delaware corporation (the “Company”)
and Water Science, LLC, a Florida limited liability company (“Holder”).

BACKGROUND

WHEREAS, Company and Holder executed and delivered that certain First Amendment
to Third Amended and Restated Senior Secured Convertible Promissory Note, dated
December 31, 2011, in the original principal amount of $3 million (the “Original
Note”);

WHEREAS, Company and Holder executed and delivered that certain Third Amended
and Restated Senior Secured Convertible Promissory Note, dated October 21, 2010
(the “Third Amendment”) and;

WHEREAS, Company and Holder executed and delivered that certain First Amendment
to the Original Note, dated March 10, 2009 (the “First Amendment”); and

WHEREAS, the Company and the Holder desire to execute and deliver this Second
Amendment to Third Amendment to the Original Note.

NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars
($10.00) and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Holder do hereby agree as
follows:

1.           Section 3(a) of the Original Note, as amended by the Third
Amendment, is hereby deleted in its entirety and the following is hereby
inserted in its place:

Maturity Date.  The Company shall pay the principal amount outstanding hereunder
together with accrued and unpaid interest thereon and any other amounts payable
to Holder in respect of this Note on the earlier of (i) November 30, 2014, or
(ii) the acceleration of the maturity of this Note by Holder pursuant to Section
(6)(b)(i), (the earlier of such dates, the “Maturity Date”), unless otherwise
converted into Common Stock in accordance with Section 7.

2.           Except as expressly set forth herein, the Original Note, as amended
by the First Amendment, Second Amendment and Third Amendment, shall remain
unchanged and unmodified and in full force and effect.

 
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3.           All capitalized terms not otherwise defined in this 2014 Amendment
shall have the meanings assigned to them in the Original Note, as amended by the
First Amendment and Second Amendment.
 
4.           This 2014 Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument, with the same effect as if the
signatures thereto were in the same instrument.
 
[Remainder of page intentionally left blank.  Signatures on following page.]
 
 
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IN WITNESS WHEREOF, the parties hereto have executed and delivered this 2014
Amendment under seal on the date first above written.
 

 
Company:
    EAU TECHNOLOGIES, INC          
 
By:
 /s/ Wade Bradley      
Wade Bradley
     
Chief Executive Officer
         

 

 
Holder:
   
WATER SCIENCE, LLC
           
By:
/s/ Peter Ullrich      
Peter Ullrich
     
Manager
         

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