(Revenue Stamps) Duplicate
Memorandum of Amendment
Contract of Permission for Operating Business
Selling Duty Free Merchandise and Leasing Spaces for Operation
Bangkok International Airport, and Regional Airports
Contract No. 6-04/2539 dated 6 March 1996
Amendment 2
This memorandum is made at the Airports Authority of Thailand on 10 November
2000, between the Airports Authority of Thailand, represented by Flight
Lieutenant Xxxx Xxxxxxxx, Deputy Managing Director, Acting Managing Director of
the Airports Authority of Thailand, hereinafter called "AAT" of one part, and
King Power Duty Free Co., Ltd., registered as a juristic person Company Limited
under the Civil and Commercial Code, with the head office at 26th-27th Floors,
Siam Tower, 000 Xxxx X Xxxx, Xxxxxx Xxx Xxx-xxxxxxxx, Xxxxxx Wan District,
Bangkok Metropolis, represented by Mr. Xxxxxxxx Xxxxxxxxxxx, the person
empowered to enter juristic act binding King Power Duty Free Co., Ltd. according
to the Certificate No. Phor.Hor. 0014574 dated 7 September 2000, issued by the
Office of Partnership/Company Registration, Bangkok, hereinafter called the
"Operator" of the other part.
Whereas AAT has granted a permission to the Operator to operate the business of
selling duty free merchandise and to lease the premises for operation at Bangkok
International Airport and the regional airports, for a period of five years,
from 1 January 1997 to 31 December 2001, according to the Contract No. 6-04/2539
dated 6 March 1996;
And whereas AAT has permitted the Operator to lease additional space, namely
zone No. 3267 B, covering an area of 11 square metre, and zone No. 3267 C,
covering an area of 11 square metre, in the International Passenger Terminal 1,
the Bangkok International Airport, for selling gold and jewelry accessories,
effective 1 October 2000.
Therefore, AAT and the Operator agree to enter into this memorandum, as follows:
1. AAT agrees to permit the Operator to lease additional space in the
Bangkok International Airport for operating the business of selling
imported gold and jewelry accessories, covering the total area of 22
square metre, whereby the Operator agrees to pay the rents to AAT at
Baht 750.00 per square metre/month, the service fee for use of services
in the airport building at 15% of the monthly rents, and the building
and land taxes at 12.5% of the monthly rents, and the monthly minimum
remuneration for permission to operate the business of selling duty
free merchandise according to the Contract No. 6-04/2539 dated 6 March
1996, to AAT in proportion to the increased area of operation, as
follows :
Year 2000, from 1 January 2000 to 31 December 2000, Baht 28,458.56
(Twenty Eight Thousand Four Hundred Fifty-Eight Baht Fifty-Six Satang)
per square metre/month
Year 2001, from 1 January 2001 to 31 December 2001, Baht 29,437.25
(Twenty Nine Thousand Four Hundred Thirty-Seven Baht Twenty-Five
Satang) per square metre/month
2. Sheet No. 2 of Appendix A of the Contract No. 6-04/2539 dated 6 March
1996, which has been amended by the Memorandum of Amendment No. 1 dated
11 July 2000, shall be repealed and replaced with Sheet No. 1 of
Appendix A of this memorandum, and the attached Chart shall be added as
Sheet No. 40 of Appendix A of the Contract No. 6-04/2539 dated 6 March
1996.
3. The contents of the Contract No. 6-04/2539 dated 6 March 1996, besides
Clause 1 and Clause 2 of this memorandum, shall remain valid.
4. This memorandum is effective retroactively to 1 October 2000.
This agreement is made in duplicated copies. Both parties, having read and
understood it entirely, hereunder sign their names and affix seal (if any) in
the presence of witnesses and each retaining one copy.
(Seal of King Power Duty Free Co., Ltd.)
AAT Operator
--- --------
- signed - - signed -
(Flight Lieutenant Xxxx Xxxxxxxx) (Mr. Xxxxxxxx Xxxxxxxxxxx)
Witness Witness
------- -------
- signed - - signed -
(Mr. Xxxx Xxxxxxxxx) (Miss Xxxxxxxxx Xxxxxxxxxxxxxxxx)
Appendix A
(40 sheets)
Details of Location of the Leased Premises, Rents, Page 1
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Charges, Lease Period and Chart
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Memorandum of Amendment of Contract for Permission for
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Selling Duty Free Merchandiseand Lease of Business Premises at
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Bangkok International Airport and Regional Airports
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Contract No. 6-04/2539 dated 6 March 1996
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Amendment 2
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Area Rents Rent Service Fee Building/ Lease Period
Leased Premises Sqm. Baht/Sqm. Baht/Month Baht/Month Land Tax
Per month Baht/Month From To
-------------------------------- ------ --------- ---------- ----------- ---------- ------------- -------------
- Zone No. 1363 A 43.50 750.00 32,625.00 4,893.75 4,078.13 1 Oct. 2000 31 Dec. 2001
- Zone No. 1363 B 7.20 750.00 5,400.00 810.00 675.00 1 Oct. 2000 31 Dec. 2001
- Zone No. 1749 A 75.00 750.00 56,250.00 8,437.50 7,031.25 1 Oct. 2000 31 Dec. 2001
- Zone No. 2237 A 133.50 750.00 100,125.00 15,018.75 12,515.63 1 Oct. 2000 31 Dec. 2001
- Zone No. 3267 B 11.00 750.00 8,250.00 1,237.50 1,031.25 1 Oct. 2000 31 Dec. 2001
- Zone No. 3267 C 11.00 750.00 8,250.00 1,237.50 1,031.25 1 Oct. 2000 31 Dec. 2001
- Zone No. 3303 C 36.00 750.00 27,000.00 4,050.00 3,375.00 1 Oct. 2000 31 Dec. 2001
- Zone No. 3342 A 646.00 750.00 484,500.00 72,675.00 60,562.50 1 Oct. 2000 31 Dec. 2001
- Zone No. 3342 A/1, Upstairs 340.50 750.00 255,375.00 38,306.25 31,921.88 1 Oct. 2000 31 Dec. 2001
- Zone No. 3715 A 295.00 750.00 221,250.00 33,187.50 27,656.25 1 Oct. 2000 31 Dec. 2001
- Zone No. 3715 B 29.50 750.00 22,125.00 3,318.75 2,765.63 1 Oct. 2000 31 Dec. 2001
- Zone No. 3265 P 246.00 750.00 184,500.00 27,675.00 23,062.50 1 Oct. 2000 31 Dec. 2001
- Zone No. 3715 C 2.50 750.00 1,875.00 281.25 234.48 1 Oct. 2000 31 Dec. 2001
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