To:
Exhibit 4.30
To:
Melco PBL (Macau Peninsula) Limited, formerly known as Swift Profit Investments
Limited (“Melco PBL”)
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola
British Virgin Islands
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola
British Virgin Islands
Macau, 17 of July, 2007
Dear Sirs,
| Re: | Promissory Transfer of Shares Agreement dated 17 May 2006 (“Agreement”) entered into
between Melco PBL as promissory buyer and we, (i.) Double Margin Limited, a
company duly incorporated under the laws of the British Virgin Islands (“Double
Margin”), (ii.) Xxxxx On Kei, aka Xxxxxx Xxxxx (“Xxxxxx
Xxxxx”), as promissory sellers (“Promissory Sellers”), and (iii.) Sociedade
de Fomento Predial Omar, Limitada, a company duly incorporated under the laws of Macau
(“Omar”), in relation to the Purchase of the entire issued share capital of
Omar. |
We, Double Margin and Xxxxxx Xxxxx refer to the Agreement. For
convenience, all words and expressions use in this letter have the same meaning as defined in the
Agreement, unless the contrary intention appears.
Under clause 6.1. of the Agreement: (i) completion should take place on or before
January 27, 2007, upon fulfilment of the conditions precedent set forth in the Recital (d) and the
conditions for completion set forth in clauses 6.1.1. and 6.1.2. of the Agreement; and
(ii) if the said conditions for completion do not occur or fulfil on or before January 27,
2007, Melco PBL may agree with the Promissory Sellers for such other
date of completion.
Pursuant to clause 6.1 of the Agreement and by a separate letter agreement dated 25
January 2007, Melco PBL and the Promissory Sellers have agreed to postpone the
date of completion to July, 27, 2007.
We hereby inform that compliance with all the conditions above mentioned will not be fulfilled on
or before July 27, 2007. Therefore, we propose a further extension of the date of completion,
until July 27, 2008, and in case the aforesaid conditions remain unfulfilled by that date, then
the completion date shall be further postponed if there is mutual agreement. The said further
postponement of the completion date to July 27, 2008 shall not prejudice any of the rights and
obligations of the PROMISSORY XXXXXXX, XXXX and MELCO PBL under the AGREEMENT, including but not
limited to, all Melco PBL’s rights under clauses 6.1.2 and 6.1.3 of the
Agreement.
Other than the further postponement of the completion date to July 27, 2008 operated by means of
your acceptance of the terms and conditions of this letter, all other provisions of the
Agreement, including but not limited to, all the conditions precedent and conditions for
completion, shall remain fully valid and in force.
Please sign the enclosed copy of this letter to signify your acceptance and agreement to the terms
and conditions of this letter set out herein.
Yours faithfully,
Double Margin Limited
SIGNED by Xx. Xxx Chi Keong
|
) | /s/ Xxx Xxx Keong | ||||
| ) | ||||||
in the presence of:-
|
) | /s/ Kong Ieong | ||||
Witness : Kong Xxxxx, Xxxxxx
|
) | |||||
Xxxxx On Kei aka Xxxxxx Xxxxx
|
) | /s/ Xxxxxx Xxxxx | ||||
| ) | ||||||
signed in the presence of:-
|
) | |||||
Witness: Kong Xxxxx, Xxxxxx
|
) | /s/ Kong Ieong |
We hereby confirm our acceptance of and agreement to the terms and conditions of the letter set out
above.
Melco PBL (Macau Peninsula) Limited
|
) | /s/ Xxxxxxxx Xxxxx | ||||
| ) | ||||||
SIGNED by Xxxxxxxx Xxxxx
|
) | |||||
| ) | ||||||
in the presence of:-
|
) | |||||
Xxxxxx Xxxx
|
||||||
Witness:-
|
) | /s/ Xxxxxx Xxxx |
