EX-10.46 30 ff42019ex10-46_broogehold.htm ADDENDUM TO FORWARD LEASE, DATED APRIL 26, 2017, BY AND BETWEEN NATIONAL BANK OF ABU DHABI, PJSC-ISLAMIC BANKING DIVISION AND BROOGE PETROLEUM AND GAS INVESTMENT COMPANY FZC

Exhibit 10.46

 

Addendum to Forward Lease

 

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” P.O. Box 4 Abu Dhabi, United Arab Emirates (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/ Ali Al Jarian   /s/ Ayman Ragheb Taher Nasser

 

Name:

 

Title:

 

Authorised Signature:   

 

Name:

 

Title:

 

For and on behalf of the Lessee

 

Authorised Signature:   

 

Name:

 

Title:

 

 

4