Addendum to Forward Lease
Exhibit 10.46
This Addendum is made on 26th day of April 2017 by and between;
1- National Bank of Abu Dhabi P.J.S.C. “Islamic Banking Division” X.X. Xxx 0 Xxx Xxxxx, Xxxxxx Xxxx Xxxxxxxx (the “Lessor”); and
2- Brooge Pertolum and Gas Investment Company FZC, incorprated under the law of Fujirah Free Zone, P.O. Box. No 50170 Fujirah, United Arab Emirates (the “Lessee”)
Each a “Party” and collectively hereinafter the “Parties”.
The Parties entered into a Master Forward Lease Agreement on 29-06-2015 (the “Master Forward Lease Agreement”).
Capitalized terms used herein shall have the same meanings ascribed to them under the Master Forward Lease Agreement.
The Parties wish to enter into this Addendum to amend and Suplement some terms of the Forward Lease
The Parties agreed to amend the following in the Forward Lease;
| 1. | The Commencment date shall be 30.06.2015 |
| 2. | The fixed rental payment dates shall be paid as follows: |
| Rental Payment Dates | Fixed Rental Payments |
| 30/9/2017 | AED 8,875,000 |
| 30/12/2017 | AED 8,875,000 |
| 30/3/2018 | AED 8,875,000 |
| 30/6/2018 | AED 8,875,000 |
| 30/9/2018 | AED 8,875,000 |
| 30/12/2018 | AED 8,875,000 |
1
| 30/3/2019 | AED 8,875,000 |
| 30/6/2019 | AED 8,875,000 |
| 30/9/2019 | AED 8,875,000 |
| 30/12/2019 | AED 8,875,000 |
| 30/3/2020 | AED 8,875,000 |
| 30/6/2020 | AED 8,875,000 |
| 30/9/2020 | AED 8,875,000 |
| 30/12/2020 | AED 8,875,000 |
| 30/3/2021 | AED 8,875,000 |
| 30/6/2021 | AED 8,875,000 |
| 30/9/2021 | AED 8,875,000 |
| 30/12/2021 | AED 8,875,000 |
| 30/3/2022 | AED 8,875,000 |
| 30/6/2022 | AED 8,875,000 |
| 30/9/2022 | AED 8,875,000 |
| 30/12/2022 | AED 8,875,000 |
| 30/3/2023 | AED 8,875,000 |
2
| 30/6/2023 | AED 8,875,000 |
| 30/9/2023 | AED 8,875,000 |
| 30/12/2023 | AED 8,875,000 |
| 30/3/2024 | AED 8,875,000 |
| 30/6/2024 | AED 8,875,000 |
| 30/9/2024 | AED 8,875,000 |
| 30/12/2024 | AED 8,875,000 |
| 30/3/2025 | AED 8,875,000 |
| 30/6/2025 | AED 8,875,000 |
| 30/9/2025 | AED 8,875,000 |
| 30/12/2025 | AED 8,875,000 |
| 30/3/2026 | AED 8,875,000 |
| 30/6/2026 . | AED 8,875,000 |
| 30/9/2026 | AED 8,875,000 |
| 30/12/2026 | AED 8,875,000 |
| 30/3/2027 | AED 8,875,000 |
| 30/6/2027 | AED 8,875,000 |
3
| 30/9/2027 | AED 8,875,000 |
| 30/12/2027 | AED 8,875,000 |
| 30/3/2028 | AED 8,875,000 |
| 30/6/2028 | AED 8,875,000 |
| 30/9/2028 | AED 8,875,000 |
| 30/12/2028 | AED 8,875,000 |
| 30/3/2029 | AED 8,875,000 |
| 30/6/2029 | AED 12,198,842.66 |
| 3. | Except the above amendments, all terms and conditions of the Forward Lease and the Master Forward Lease Agreement remain unchanged. |
Signatures:
For and on behalf of the Lessor
| Authorised Signature: | /s/ Xxx Xx Xxxxxx | /s/ Xxxxx Xxxxxx Xxxxx Xxxxxx |
Name:
Title:
| Authorised Signature: |  |
Name:
Title:
For and on behalf of the Lessee
| Authorised Signature: |  |
Name:
Title:
4
