Memorandum to Loan Agreement, First Revision
Made at Head Office
23 June 1998
Whereas we, King Power Duty Free Co., Ltd., with offices at 000 Xxxx X Xxxx,
00xx & 27th Floor Siam Tower Building, Pathumwan, Bangkok Metropolis have
entered into a Loan Agreement dated 23 June 1998. As at 23 June 1998, the
outstanding loan payable to Siam City Bank Public Company Limited is Baht
98,000,000.00 (Ninety-Eight Million Baht).
Now, we wish to change the amount and/or terms and conditions of the above
stated agreement as follows;
1. To increase/decrease loan, type -, Baht -
2. To revise Clause 4 of the above stated agreement from previously to :
4. If the Borrower is in default of payment according to Clause 2 or 3 of
any installment, it shall be deemed as default of the total loan and
the Borrower agrees that the Lender can charge the maximum interest
rate for the customers who have breached the condition, according to
the announcement of Siam City Bank Public Company Limited (at present,
it is 24% p.a.) until the Borrower shall have repaid the loan to the
Lender in full. This shall not deprive the Lender's right to terminate
the agreement and call for payment of the outstanding amount. The
previous Clause 4 is revoked entirely.
Other terms and conditions shall remain the same.
We, the "Guarantor/Mortgagor/Pledgor", having acknowledged this Memorandum
hereby bind ourselves for the guarantee/mortgage/pledge the property as security
for this debtor with the bank until the bank shall have received repayment in
full.
(Seal of King Power Duty Free Co., Ltd.,)
Signed:............signed.................Debtor
King Power Duty Free Co., Ltd.,
Signed:...........signed..................Guarantor/Mortgagor/Pledgor
(Mr. Viratana Suntaranond)
Signed:...........signed..................Guarantor/Mortgagor/Pledgor
(Mr. Xxxxxx Xxxxxxxxxxxx)
Signed................Witness Signed..................Witness
(Ms. Wanna Thongthieng) (Mr. Wisut Kawinmuthathorn)
