Duplicate
Memorandum of Amendment
Attached to the Building Space Lease Agreement
Bangkok International Airport and Regional Airports
No. 4/2545, dated February 12, 2001
1st Amendment
This memorandum is made at the Airports Authority of Thailand on April
30, 2002 between the Airports Authority of Thailand, by Flight Lieutenant ▇.▇.
▇▇▇ Ngonrot, Director of Bangkok International Airport acting for Managing
Director of the Airports Authority of Thailand, hereinafter called, the "lessor"
on one party and King Power Duty Free Co., Ltd., registered as a juristic person
as a limited company under the Civil and Commercial Code, with head office at
No. 989, 26th-27th Floors, Siam Tower, Rama I Road, Pathum Wan Sub-district,
Pathum Wan District, Bangkok Metropolis, by Mr. Viratana Suntaranond, authorized
to oblige King Power Duty Free Co., Ltd., according to the Certificate of
Bangkok Company/Partnership Registration Office, No. 2235, dated February 15,
2002, hereinafter called, "lessee" on the other party.
Whereas the lessor agrees to lease out and the lessee agrees to lease
space in Bangkok International Airport and regional airports under the lessor's
jurisdiction according to Agreement No. 4/2545, dated February 12, 2001 for 3
years from January 1, 2002 to December 31, 2004 or the date on which the New
Bangkok International Airport (Nong ▇▇▇ ▇▇▇ Airport) is opened to service,
whichever comes first,
And whereas the lessor and the lessee agree to change the Area Numbers
of the leased premises and layout of the leased premises as follows:
- changing the leased space in Chiang Mai Airport from Area No.
1B 108 to 1B 118 with the same space size
- canceling the layout of the leased premises on sheets No. 15,
16 and 20
- canceling the lease of Area No. 1A 123 of 8 square meters and
Area No. 1A 233 of 9.50 square meters in Chiang Mai Airport
from January 1, 2002.
Therefore, the lessor and lessee agree to make this memorandum as
follows:
Section 1. Sheets No. 2, 15, 16 and 20 in Appendix A attached to
Agreement No. 4/2545, dated February 12, 2001 shall be repealed and replaced
with Sheets No. 1, 2, 3, and 4 in Appendix A attached to this memorandum and
appeared as Sheets No. 2, 15, 16 and 20 in Appendix A attached to the said
Agreement.
Section 2. . Other statements in Agreement No. 4/2545, dated February
12, 2001 asides from what's specified in Section 1 of this memorandum shall
continue to be enforceable.
Section 3. This memorandum shall go into effect on January 1, 2002
onwards.
This memorandum is made in duplicated copies. Both parties, having read
and understood it entire, hereunder sign their names and affix seal (if any) in
the presence of witnesses and each retaining one copy.
The Lessor The Lessee
---------- ----------
F. Lt. ..... Signed .... .... Signed ....
(▇.▇. ▇▇▇ Ngonrot) (Mr. Viratana Suntaranond)
(Seal of King Power Duty Free Co.,Ltd.)
Witness Witness
------- -------
..... Signed .... .... Signed ....
(Mr. Krit Phakhakit) (Miss Sarinthorn Chongchaidejwong)
Appendix A
Details of Lease Premises, Lease Period, Rents,
Fees and Layout of Leased Premises
Attached to Memorandum of Amendment to Agreement No. 4/2545,
dated February 12, 2001
1st Amendment
Sheet No. 1
-------------- --------------- ------------ ------------- ------------- --------------- ----------- --------------------------------
Leased Area in Rent Rate Total Rents Service Fee Building/Land Indemnity Lease Period
Premises Square Meters Baht/Month Baht/Month Bt/Month Tax (Bt/M Bt/Day
-------------- --------------- ------------ ------------- ------------- --------------- ----------- --------------------------------
From To
-------------- --------------- ------------ ------------- ------------- --------------- ----------- --------------- ----------------
Building space in Chiang Mai Airport
====================================---------------------------------------------------------------
- No. 1 B 118 21.00 450.00 9,450.00 1,417.50 1,181.25 803.25
-------------- --------------- ------------ ------------- ------------- --------------- -----------
- No. 1 B 203 42.00 450.00 18,900.00 2,835.00 2,362.50 1,606.50
-------------- --------------- ------------ ------------- ------------- --------------- -----------
-------------- --------------- ------------ ------------- ------------- --------------- ----------- In line with the terms and
Building space in Hat Yai Airport conditions, Clause 1.2 in the
=================================------------------------ ------------- --------------- ----------- Agreement
- No. 1314 34.50 450.00 15,525.00 2,328.75 1,940.63 1,319.63
-------------- --------------- ------------ ------------- ------------- --------------- -----------
- No. 2310 24.00 450.00 10,800.00 1,620.00 1,350.00 918.00
-------------- --------------- ------------ ------------- ------------- --------------- -----------
-------------- --------------- ------------ ------------- ------------- --------------- -----------
Building space in Phuket Airport
================================------------------------- ------------- --------------- -----------
- No. AI 103 85.00 450.00 38,250.00 5,737.50 4,781.25 3,251.25
-------------- --------------- ------------ ------------- ------------- --------------- -----------
- No. DI 201 106.32 450.00 47,844.00 7,176.60 5,980.50 4,066.74
-------------- --------------- ------------ ------------- ------------- --------------- -----------
-------------- --------------- ------------ ------------- ------------- --------------- ----------- --------------------------------
