Document:

QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.35    
    

 
 

AMENDMENT NUMBER ONE TO
  THIRD AMENDED AND RESTATED MASTER TRUST AGREEMENT    
    

        THIS AMENDMENT NUMBER ONE TO THIRD AMENDED AND RESTATED MASTER TRUST AGREEMENT (this "Amendment to Master Trust
Agreement" or this "Amendment") is made as of the 29th day of December, 2003, by and among Grupo TMM, S.A.,
a sociedad an6nima organized under the laws of Mexico ("TMM"), as a Seller, Guarantor and Servicer,
Naviera del Pacifico, S.A. de C.V., a sociedad an6nima de capital variable organized under the laws of Mexico
("Naviera"), as a Seller and Sellers' Representative, TMM Logistics, S.A. de C.V. a sociedad an6nima de capital
variable organized under the laws of Mexico ("Logistics"), as a Seller (each of TMM, Naviera and Logistics, a
"Seller" and, collectively, the "Sellers"), and The Bank of New York, a New York banking corporation, as
Trustee ("Trustee"). 

W I T N E S S E T H:

        WHEREAS,
the Sellers and the Trustee have previously entered into that certain Third Amended and Restated Master Trust Agreement, dated as of August 19, 2003 (the
"Master Trust Agreement" and, together with this Amendment to Master Trust Agreement, the "Amended Master Trust
Agreement"); 

        WHEREAS,
the Sellers, the Trustee, and the Series 2003-A Purchaser have previously entered into that certain Series 2003-A Supplement, dated as of
August 19, 2003 (the "Series 2003-A Supplement" and, together with the Amendment to Series 2003-A
Supplement (as defined below), the "Amended Series 2003-A Supplement"), pursuant to which the Trustee, on) behalf of the Trust,
issued that certain Series 2003-A Certificate No. 1 in exchange for U.S. $54,000,000 (which proceeds were distributed to the Sellers in accordance with their respective
Seller Percentages), the terms of which are specified in the Series 2003-A Supplement; 

        WHEREAS,
the Sellers, the Trustee and the Series 2003-A Purchaser are entering into that certain Amendment Number One to the Series 2003-A
Supplement, dated as of December 23, 2003 (the "Amendment to Series 2003-A Supplement"); and 

        WHEREAS,
concurrently with the execution of this Amendment to Master Trust Agreement and the Amendment to Series 2003-A Supplement, the Trustee, on behalf of the
Trust, will issue the Series 2003-A Certificate No. 2 to the Series 2003-A Purchaser pursuant to the Amended Series 2003-A Supplement in
exchange for U.S. $25,000,000 (which proceeds will be distributed to the Sellers in accordance with their respective Seller Percentages); 

        WHEREAS,
TMM, the other Sellers, the Trustee and the Series 2003-A Purchaser desire to amend the Series 2003-A Supplement, the Master Trust
Agreement and certain other Transaction Documents to reflect the issuance of the Series 2003-A Certificate No. 2 and to permit the amendment of certain definitions and other
terms in the Master Trust Agreement, as hereinafter provided, and therein. 

        NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein contained, TMM, the other Sellers and the Trustee hereby agree as follows: 

        SECTION
1.    Consent to Resignation of TMM as Sellers' Representative.    TMM hereby resigns as Sellers'
Representative effective as of the date hereof. Evidenced by its signature set forth below, the Trustee (at the instruction of the Series 2003-A Required Investor
Certificateholders) hereby acknowledges and consents to the resignation of TMM as Sellers' Representative. 

        SECTION
2.    Consent to Appointment of Naviera as Sellers' Representative.    The Sellers hereby appoint Naviera as
Sellers' Representative effective as of the date hereof. Evidenced by its signature set 

2

 

forth
below, the Trustee (at the instruction of the Series 2003-A Required Investor Certificateholders) hereby acknowledges and consents to the appointment of Naviera as Sellers'
Representative. 

        SECTION
3.    Defined Terms.    Unless otherwise defined herein or the context otherwise requires, terms used in this
Amendment, including its preamble and recitals, have the meanings provided in the Amended Master Trust Agreement or the Series 2003-A Supplement, as applicable. 

        SECTION
4.    Amendments.    

        (a)   Each
reference in the Master Trust Agreement to the or this " Master Trust Agreement" shall be deemed to refer to the Amended Master Trust Agreement. 

        (b)   Each
reference in the Master Trust Agreement to the " Series 2003-A Supplement," including, without limitation, the definition of
"Series 2003-A Supplement" in Section 1.1 of the Master Trust Agreement, shall be deemed to refer to the Amended
Series 2003-A Supplement. 

        (c)   The
definition of "Distribution Date" in Section 1.1 of the Master Trust Agreement is hereby amended to read in
its entirety as follows: 

        "Distribution Date" shall mean the fifth calendar day, or if such day is not a Business Day, the immediately succeeding Business Day, of
each calendar month thereafter; provided, however, that the first Distribution Date for the
Series 2003-A shall be (a) with respect to the Series 2003-A Certificate No. 1, August 19, 2003, and (b) with respect to the
Series 2003-A Certificate No. 2, December 23, 2003. 

        (d)   Section 1.1 of the Master Trust Agreement is hereby amended by adding the following definitions in appropriate
alphabetical order: 

        "Fifth Closing Date" shall mean December 23, 2003. 

        "Naviera" shall mean Naviera del Pacífico, S.A. de C.V., a sociedad anónima de
capital variable organized under the laws of Mexico. 

        (e)   Section 3.5 of the Master Trust Agreement is hereby amended and restated to read in its entirety as follows: 

        Naviera as Sellers' Representative. Each Seller hereby appoints Naviera as its representative ("Sellers'
Representative"), and Naviera hereby accepts such appointment, for receipt of any payment, notice or other communication directed to the Sellers or any Seller pursuant to any
of the Transaction Documents and for the taking of any action (including the making of all representations and covenants) which a Seller is required or permitted to undertake or make pursuant to the
Transaction Documents. The Trustee may regard any notice or other communication pursuant to any Transaction Document
from the Sellers' Representative as a notice or communication from the Sellers. Without limiting the foregoing, the Paying Agent shall make all payments on the Distribution Date to the Sellers'
Representative, or to an account specified by the Sellers' Representative for the benefit of the applicable Seller, and such payment to the Sellers' Representative shall constitute payment to such
Sellers for all purposes under the Transaction Documents. Naviera hereby accepts such appointment and agrees that it shall not resign from its duties as the Sellers' Representative without the written
consent of the Trustee (acting pursuant to written instructions from the Required Investor Certificateholders). Each Seller hereby covenants and agrees that each representation and warranty, covenant,
agreement and undertaking made in its name or on its behalf by the Sellers' Representative shall be deemed for all purposes to have been made by such Seller and shall be binding upon and enforceable
against such Seller to the same extent as if the same had been made directly by such Seller. 

        SECTION
5.    Exchange of Sellers' Certificate.    Concurrently with the execution of this Amendment to Master Trust
Agreement and the issuance by the Trustee, on behalf of the Trust, of the 

3

 

Series 2003-A
Certificate No. 2 to the Series 2003-A Purchaser, the Trustee shall issue to the Sellers and deliver to the Sellers' Representative a new
Sellers' Certificate reflecting the issuance of the Series 2003-A Certificate No. 2 and incorporating the amendments to the Master Trust Agreement made hereby, in exchange
for the Sellers' Certificate No. 1, dated August 19, 2003, currently held by TMM on behalf of the Sellers. 

        SECTION
6.    Reaffirmation.    Except as expressly amended by this Amendment, the remaining terms, conditions and
provisions of the Master Trust Agreement shall be and remain in full force and effect. Each party hereto hereby reaffirms and confirms the Master Trust Agreement, as amended by this Amendment. 

        SECTION
7.    Governing Law.    This Amendment shall be governed and construed in accordance with the laws of the
State of New York without reference to its conflict of law provisions (other than Section 5-1401 of the New York General Obligations Law), and the obligations, rights and remedies
of the parties hereunder shall be determined in accordance with such laws. 

        SECTION
8.    Counterparts.    This Amendment may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument, and any party hereto may execute this Amendment by signing one or more counterparts. 

        SECTION
9.    Successors and Assigns.    This Amendment shall be binding upon each party hereto and its respective
successors and assigns. 

[remainder
of page intentionally left blank] 

4

        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the day and year first above written. 

	 	 	GRUPO TMM, S.A.,

as Seller, Guarantor and Servicer
	

 	
 	

By:	

    
 Name: Javier Segovia Serrano

Title: Attorney-in-fact	
 	

 
	

 	
 	

 	

 	
 	

 
	

 	
 	

By:	

    
 Name: Juan Fernandez Galeazzi

Title: Attorney-in-fact	
 	

 
	

 	
 	
NAVIERA DEL PACIFICO, S.A. de C.V.,

as Seller and Sellers' Representative
	

 	
 	

By:	

    
 Name: Javier Segovia Serrano

Title: Attorney-in-fact	
 	

 
	

 	
 	

By:	

    
 Name: Juan Fernandez Galeazzi

Title: Attorney-in-fact	
 	

 
	

 	
 	
TMM LOGISTICS, S.A. de C.V.,

as Seller
	

 	
 	

By:	

    
 Name: Javier Segovia Serrano

Title: Attorney-in-fact	
 	

 
	

 	
 	

By:	

    
 Name: Juan Fernandez Galeazzi

Title: Attorney-in-fact	
 	

 
	

 	
 	
THE BANK OF NEW YORK, not in its individual capacity but solely as Trustee, Paying Agent, Transfer Agent and Registrar
	

 	
 	

By:	

    
 Name: Karen F. ????

Title: Assistan???	
 	

 
	 	 	 	 	 	 

	

 	
 	
Acknowledged and Agreed To By:
	

 	
 	
MAPLE BANK GMBH, as the sole Series 2003-A Certificateholder
	

 	
 	

By:	

    
 Name: Jürgen Daume

Title: Vice President	
 	

 
	

 	
 	

By:	

    
 Name: Oliver Lenauer

Title: Assistant Vice President	
 	

 

QuickLinks

Exhibit 10.35

AMENDMENT NUMBER ONE TO THIRD AMENDED AND RESTATED MASTER TRUST AGREEMENTQuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.36    
    

 
 

AMENDMENT NUMBER FOUR TO AMENDED AND RESTATED OPTION AGREEMENT (MULTIMODAL)    
    

        THIS AMENDMENT NUMBER FOUR TO AMENDED AND RESTATED OPTION AGREEMENT (this "Amendment") is made as of the
29th of December, 2003, between The Bank of New York, a New York banking corporation, not in its individual capacity but solely as Trustee (the
"Trustee"), and TMM Multimodal, S.A. de C.V. (the "Company"). 

        WHEREAS,
the Company and the Trustee have heretofore entered into that certain Amended and Restated Option Agreement, dated as of October 25, 2002, by and between the Company and
the Trustee as amended by Amendment Number One to Option Agreement, dated as of December 10, 2002, Amendment Number Two to the Amended and Restated Option Agreement, dated as of May 9,
2003 and Amendment Number Three to the Amended and Restated Option Agreement, dated as of August 19, 2003 (the "Option Agreement" and, together
with this Amendment, the "Amended Option Agreement"); 

        WHEREAS,
the Company and the Trustee have heretofore entered into that certain Amended and Restated Put Option Agreement, dated as of October 25, 2002, by and between the Company
and the Trustee as amended by Amendment Number One to Put Option Agreement, dated as of December 10, 2002, Amendment Number Two to the Amended and Restated Put Option Agreement, dated as of
May 9, 2003 and Amendment Number Three to the Amended and Restated Put Option Agreement, dated as of August 19, 2003 (the "Put Option
Agreement" and, together with the Put Option Amendment (as defined below), the "Amended Put Option"); 

        WHEREAS,
the Sellers and the Trustee have previously entered into that certain Third Amended and Restated Master Trust Agreement, dated as of August 19, 2003 (the
"Master Trust Agreement" and, together with the Amendment to Master Trust Agreement (as defined below), the "Amended Master
Trust Agreement"); 

        WHEREAS,
the Sellers and the Trustee are entering into that certain Amendment Number One to the Third Amended and Restated Master Trust Agreement, dated as of December 23, 2003
(the "Amendment to Master Trust Agreement"); and 

        WHEREAS,
the Company and the Trustee are entering into that certain Amendment Number Four to Amended and Restated Put Option Agreement, dated as of December 23, 2003 (the
"Put Option Amendment"); 

        WHEREAS,
the Sellers, Trustee, and the Series 2003-A Purchaser have previously entered into that certain Series 2003-A Supplement, dated as of
August 19, 2003 (the "Series 2003-A Supplement" and, together with the Amendment to Series 2003-A
Supplement (as defined below), the "Amended Series 2003-A Supplement"), pursuant to which the Trustee on behalf of the Trust issued
that certain Series 2003-A Certificate No. 1 in exchange for U.S. $54,000,000 (which proceeds were distributed to the Sellers in accordance with their respective Seller
Percentages), the terms of which are specified in the Series 2003-A Supplement; 

        WHEREAS,
the Sellers, the Trustee and Series 2003-A Purchaser are entering into that certain Amendment Number One to Series 2003-A Supplement dated
as of December 23, 2003 (the "Amendment to Series 2003-A Supplement"). 

        WHEREAS,
concurrently with the execution of the Amendment to Master Trust Agreement and the Amendment to Series 2003-A Supplement, the Trustee, on behalf of the Trust,
will issue the Series 2003-A Certificate No. 2 to the Series 2003-A Purchaser pursuant to the Amended Series 2003-A 

1

 

Supplement
in exchange for U.S. $25,000,000 (which proceeds will be distributed to the Sellers in accordance with their respective Seller Percentages). 

        NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein contained, the Trustee and the Company hereby agree as follows: 

        Section 1.    Defined Terms.    Unless otherwise defined herein or the context otherwise requires, terms used
in this Amendment, including its preamble and recitals, have the meanings provided in the Option Agreement, Amended Put Option Agreement, the Amended Series 2003-A Supplement or the
Amended Master Trust Agreement, as applicable. 

        Section 2.    Amendments.    

        (a)   Each
reference in the Option Agreement to the "Master Trust Agreement" shall be deemed to refer to the Amended Master Trust Agreement. 

        (b)   Each
reference in the Option Agreement to the "Series 2003-A Supplement" shall be deemed to refer to the Amended Series 2003-A
Supplement. 

        (c)   Each
reference in the Option Agreement to the "Series 2003-A Certificate" or "Series 2003-A Certificates" shall be deemed to mean
the Series 2003-A Certificate No. 1 and the Series 2003-A Certificate No. 2, collectively. 

        Section 3.    Issuance of Series 2003-A Certificate No. 2.    The Trustee and the
Company hereby acknowledge that, concurrently with the execution of the Amendment to Master Trust Agreement and the Amendment to Series 2003-A Supplement, the Trustee, on behalf of
the Trust, will issue the Series 2003-A Certificate No. 2 to the Series 2003-A Purchaser pursuant to the Amended Series 2003-A
Supplement in exchange for U.S. $25,000,000 (the "Issuance"). 

        Section 4.    Reaffirmation of Option Agreement.    The Trustee and the Company agree that the Option Agreement
remains in full force and effect and each of the parties hereto hereby reaffirms all of its respective obligations under the Option Agreement, and agrees and acknowledges that the Option Agreement
shall remain in full force and effect after the Issuance. 

        Section 5.    Governing Law.    This Amendment shall be governed by and construed in accordance with the laws
of Mexico. Each of the parties hereto (and its successors and assigns) (i) agree that any litigation based on, or arising out of, under or in connection with, this Amendment, any course of
conduct, course of dealing, statements (whether verbal or written), any actions of the parties, or under or in connection with any amendment, instrument, document or agreement delivered or which may
in the future be delivered in connection with this Amendment or arising from any relationship existing in connection with this Amendment or any related transaction, may be brought in the competent
courts of the Federal District of Mexico, and each of the parties hereby expressly and irrevocably submits, for itself and its property, to the jurisdiction of such courts for such purpose; and
(ii) to the fullest extent permitted by law, (a) irrevocably waives any objection it may have at any time to the laying of venue of any litigation arising out of or relating to this
Amendment brought in such courts, (b) irrevocably waives any claim that any such litigation brought in any of such courts has been brought in an inconvenient forum, and (c) irrevocably
waives the right to object, with respect to such litigation brought in any of such courts, that such courts do not have jurisdiction over it. Each of the parties hereto hereby expressly and
irrevocably waives all rights of jurisdiction in any such litigation, which it may now or hereafter be afforded by law, in any other forum. Each of the parties hereto further agrees that a final
judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

        Section 6.    Counterparts.    This Amendment may be executed in counterparts, which when taken together shall
constitute one and the same instrument. 

2

 

        Section 7.    Successors and Assigns.    This Amendment shall be binding upon each party hereto and its
respective successors and assigns. 

[remainder
of page intentionally left blank] 

3

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the day and year first above written. 

	 	 	THE BANK OF NEW YORK, not individually but solely as Trustee
	

 	
 	

By:	
 	

/s/  KARON F. GREENE      

	 	 	Name:	 	KARON F. GREENE
	 	 	Title:	 	ASSISTANT TREASURER
	

 	
 	
TMM MULTIMODAL, S.A. de C.V.
	

 	
 	

By:	
 	

/s/  JAVIER SEGOVIA SERRANO      

	 	 	Name:	 	Javier Segovia Serrano
	 	 	Title:	 	Attorney-in-Fact
	

 	
 	

By:	
 	

/s/  JUAN FERNANDEZ GALEAZZI      

	 	 	Name:	 	Juan Fernandez Galeazzi
	 	 	Title:	 	Attorney-in-Fact

4

QuickLinks

Exhibit 10.36

AMENDMENT NUMBER FOUR TO AMENDED AND RESTATED OPTION AGREEMENT (MULTIMODAL)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]