Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) PO Box 50170 Fujairah United Arab Emirates April 2020
Exhibit 4.87
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Brooge Petroleum and Gas Investment Company FZE (“BPGIC”) PO Box 50170 Fujairah United Arab Emirates |
| April 2020 |
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Al Brooge International Advisory LLC (“BIA”) PO Box 29939 Abu Dhabi United Arab Emirates |
Dear Sirs
We refer to the refinery agreement executed by XXX and BPGIC and dated 23 February 2020 (the “Refinery Agreement”) pursuant to which BIA and BPGIC agreed finalise the terms of a joint venture with regard to the Project (as defined in the Refinery Agreement) within 30 working days.
In light of ongoing discussions regarding the Project, BIA and BPGIC have mutually agreed to extend the deadline for the negotiation and execution of the final terms of the sublease and the commercial aspects of the joint venture in respect of the Project through to Thursday 4 June 2020.
The provisions of Sections 3 and 4 of the Refinery Agreement shall have effect in relation to this letter agreement as if set out herein in full.
In witness whereof the parties have caused this letter agreement to be executed on the date first above mentioned.
