EXHIBIT 10.10
(TRANSLATION)
DUTY STAMP
MEMORANDUM OF AGREEMENT ON AMENDMENTS
ATTACHED TO THE CONTRACT ON PERMISSION TO
ENGAGE IN BUSINESS OF SALE OF MERCHANDISE AND
SOUVENIRS AND TO LEASE PREMISES TO ENGAGE
IN BUSINESS AT THE INTERNATIONAL
PASSENGER TERMINAL OF THE BANGKOK AIRPORT
CONTRACT NO. 6-01/2536 DATED MARCH 18, 1993
AMENDMENT NO. 2
THIS MEMORANDUM OF AGREEMENT is made at the Airports Authority of Thailand on
the llth day of March 1996 between THE AIRPORTS AUTHORITY OF THAILAND by Air
Chief ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Chandrubeksa, the Governor, hereinafter referred to as
"AAT" of the one part and J.M.T GROUP CO., LTD., a limited company incorporated
under the Civil and Commercial Code, having the head office located at ▇▇▇/▇▇
▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ Phra Pinklao Road, Bang Yeekhan Sub-District, Bangkok
Noi District, Bangkok Metropolis by Mr. Viratana Suntaranond, the person
authorized to act on behalf of the company under the Affidavit issued by the
Partnerships and Companies Registration Office, Bangkok Metropolis, the
Department of Commercial Registration, the Ministry of Commerce No. Thor Nor.
0000793 dated January 2, 1996, hereinafter referred to as the "Supplier" of the
other part.
WHEREAS AAT has permitted the Supplier to engage in the business of sale of
merchandise and souvenirs and to lease premises to operate the said business at
the International Passenger Terminal within the Bangkok Airport, under the
Contract No. 6-01/2536 dated March 18, 1993, for a period of 5 years commencing
from April 1, 1993 to March 31, 1998 with a total area for operation of business
of 617.00 square meters; and
WHEREAS AAT permits the Supplier to lease additional premises having an area of
177.85 square meters commencing from January 9, 1995 to March 27, 1995 and
commencing from March 28, 1995 onwards such area will be 146.50 square meters.
AAT and the Supplier, therefore, agree to enter into this Memorandum of
Agreement as follows:
Clause 1. The Appendix A. attached to the Contract No. 6-01/2536 dated the 18"'
day of March 1993 which has been amended by the Memorandum of Agreement on
Amendments No. 1 dated the 18th day of November 1993, shall be revoked and
replaced by Appendix A. attached hereto.
1
Clause 2. Other than that stipulated in Clause 1 hereinabove, other stipulations
of the Contract No. 6-01/2536 dated the 18th day of March 1993 shall remain in
full force and effect.
Clause 3. This Memorandum of Agreement shall be in effect as from January 9,
1995 onwards.
This Memorandum of Agreement is made in duplicate with identical content. The
Parties have thoroughly read and understood the same, thus setting their hands
together with the seal (if any) affixed in presence of witnesses and each
keeping one copy.
AAT Supplier
--- --------
(Signed) Air Chief Marshal (signature) (Signed) (signature)(seal)
(▇▇▇▇▇▇ Chandrubeksa) (Mr. Viratana Suntaranond)
Witness Witness
(Signed) (signature) (Signed) (signature)
(Mr. Krit Pakakij) (Ms. Chataporn Phlupothong)
2
(TRANSLATION)
LIST ATTACHED TO MEMORANDUM OF AGREEMENT ON AMENDMENTS
TO BE ATTACHED TO THE CONTRACT NO. 6-01/2536 DATED MARCH 18,1993
Amendment No. 2
Appendix A
(Total 5 Pages)
Page 1
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Particulars Area in Rental Rate Rental Charges Housing and Lease Period
of Leased Premises Square Baht/Sq.m. Land Tax --------------------------------
Meter ./month Baht/month Baht/month Baht/month From Up to
(Sq.m.)
------------------------------------------------------------------------------------------------------------------------------------
Premises within the International
Passenger Terminal
---------------------------------
- Nos. 1302 and 1302 B 48.00 500.- 24,000.- 3,600.- 3,000.- January 9, 1993 March 27, 1995
- No. 3303 A 25.50 500.- 12,750.- 1,912.50 1,593.75 January 9, ▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇
- ▇▇. ▇▇▇▇ ▇ 46.50 500.- 23,250.- 3,487.50 2,906.25 January 9, 1993 March 27, 1995
- No. 3304 A 50.00 500.- 25,000.- 3,750.- 3,125.- January 9, 1993 March 27, 1995
- No. 3304 B 30.25 500.- 15,125.- 2,268.75 1,890.63 January 9, 1993 March 27, 1995
- No. 3342 E 257.00 500.- 128,500.- 19,275.- 16,062 50 January 9, 1993 March 27, 1995
- No. 3342 F 257.00 500.- 128,500.- 19,275.- 16,062.50 January 9, 1993 March 27, 1995
- No. 0316 42.50 500.- 21,250.- 3,187.50 2,656.25 January 9, 1993 March 27, 1995
- No. 3265 S 30.60 500.- 15,300.- 2,295.- 1,912.50 January 9, 1993 March 27, 1995
- No. 3265 T 7.50 500 - 3,750.- 562.50 468.75 January 9, 1993 March 27, 1995
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Page 2
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Particulars Area in Rental Rate Rental Charges Housing and Lease Period
of Leased Premises Square Baht/Sq.m. Land Tax ------------------------
Meter /month Baht/month Baht/month Baht/montt From Up to
(Sq.m.)
-------------------------------------------------------------------------------------------------------------------------------
Premises within the International
Passenger Terminal
---------------------------------
- Nos. 1302 and 1302 B 48.00 500.- 24,OOO.- 3,600.- 3,000.- March 28, 1993 March 31, 1998
- No. 3303 A 21.00 500.- 10,500.- 1,575.- 1,312.50 March 28, 1993 March 31, 1998
- No. 3303 B 36.50 500.- 18,250.- 2,737.50 2,281.25 March 28, 1993 March 31, 1998
- No. 3304 A 36.50 500.- 18,250.- 2,737.50 2,281.25 March 28, 1993 March 31, 1998
- No. 3304 B 23.00 500.- 11,500.- 1,725.- 1,437.50 March 28, 1993 March 31, 1998
- No. 3342 E 257.00 500.- 128,500.- 19,275.- 16,062.50 March 28, 1993 March 31, 1998
- No. 3342 F 257.00 500.- 128,500.- 19,275.- 16,062.50 March 28, 1993 March 31, 1998
- No. 0316 42.50 500.- 21,250.- 3,187.50 2,656.25 March 28, 1993 March 31, 1998
- No. 3265 S 34.50 500.- 17,250.- 2,587.50 2,156.25 ▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇
- ▇▇. ▇▇▇▇ T 7.50 500.- 3,750.- 562.50 468.75 March 28, 1993 March 31, 1998
------------------------------------------------------------------------------------------------------------------------------------
AAT Supplier
--- --------
(Signed) Air Chief Marshal (signature) (Signed) (signature) (seal)
(▇▇▇▇▇▇ Chandrubeksa) (Mr. Viratana Suntaranond)
(Signed) Witness Witness
------- -------
(signature) (Signed) (signature)
(Mr. Somjit Nupui) (Ms. Chataporn Phlupothong)
[Three pages of graphics (floor plans)omitted.]
