EXHIBIT 10.15
TRANSLATION
Airports Authority of Thailand
000 Xxxxxxxxx Xxxxxxx Xxxx
Xxxxxxx 00000, Xxxxxxxx
Tel: (000) 000-0000
Fax: (0000 000-0000
Additional Agreement as Appendix to
Bangkok International Airport Space Lease Agreement
No. 1-77/1995, dated March 13, 1996
Amendment No. 1
This additional agreement is made at the Airports Authority of Thailand
on October 13, 1997 between the Airports Authority of Thailand, by Group Captain
Panya Seingchareon, Deputy Managing Director of the Airports Authority of
Thailand, hereinafter called, "the Landlord", and J.M.T. Group Co., Ltd.,
registered as a limited company under the Civil and Commercial Code,
headquartered at No. 000/00, Xxx Xxx Xxxx Xxxx, Xxxxxx Phra Pinkhlao Road, Bang
Yikhan Sub-District, Bang Plad District, Bangkok by Mr. Viratana Suntaranond,
authorized to oblige J.M.T. Group Co., Ltd. in line with the certificate issued
Bangkok Partnership/Corporation Registration Bureau, Department of Commercial
Registration, Ministry of Commerce, No. SO 0092453, dated July 16, 1997,
hereinafter called, "the Tenant".
The Landlord hereby agrees to let and the Tenant agrees to rent office
space in Bangkok international Airport for three years, starting April 1, 1995
to March 31, l998 in line with the Agreement No. 1-77/ 1995, dated March 13,
1996.
And the Landlord allows the Tenant to rent additional space in Bangkok
International Airport, namely, Room No. 0316A and 0316B with total area of 58.50
square metres from February 1, 1996; Room No. 2096, 2097, 2098 and 2099 with
total area of 226.00 square metres from February 15, 1996; and Room No. 3061
with an area of 71.00 square metres from June 1.
1996.
The Landlord and Tenant thereby agree to make this Agreement with the
following terms and conditions:
1. Appendix A attached to Agreement No. 1-77/ 1995 dated March 13, 1996
shall be cancelled and replaced with Appendix A attached to this Agreement.
2. To make this Agreement, the Tenant has submitted a Letter of
Guarantee issued by Bangkok Xxxxxxxxxxxx Xxxx Xxxxxx Xx., Xxx., Xxxx Xxxxxx, Xx.
X00-0000, dated September 17, 1997 for an amount of Bt346,612.50 (Three Hundred
and Forty-Six Thousand Six Hundred and Twelve Baht Fifty Satang) as a guarantee
to execute Agreement No. 177/ 1995, dated March 13, 1996.
3. Other terms and conditions in Agreement No. 1-77/ 1995, dated March
13, 1996 asides from the statements in Sections 1 and 2 of this Additional
Agreement shall continue to be valid and effective. 4. This Agreement shall be
effective from February, 1, 1996 onwards.
This Additional Agreement is made in two identical copies for each
party to keep on. Both parties have read and understood all the statements
herein and affixed their signature and company seal (if any) in the presence of
witnesses:
Landlord Tenant
-------- ------
(Signed! Group Captain (Signed)
(Panya Seingchareon) (Mr. Viratana Suntaranond)
Witness Witness
------- -------
(Signed) (Signed)
(Mr. Krit Phakskit (Mr. Ponpol Pongniwatr)
Appendix A (4 pages) Page 1
Rate of Return from the Lease and Floor Plan
Additional Agreement as Appendix to Bangkok International Airport Space Lease
Agreement No. 1-77/1995, dated March 13, 1996, Amendment No. 1
------------------------------------------------------------------------------------------------------------------------------------
Leased Area Rent Rate/ Total Rent Monthly Monthly House- Compensation Lease Period
Space sq. m. sq. m/ Per Month Service Fees hold/Land Tax Per Day From To
Month
------------------------------------------------------------------------------------------------------------------------------------
Inside Bangkok
International Airport
---------------------
No. 3025 683.50 325.- 222,137.50 33,320.63 27,767.19 18,882. Feb 1, 1996 Mar 31, 1998
No. 0316A and 316B 58.50 325.- 19,012.50 2,851.87 2,376.56 1,616.- Feb 1, 1996 Mar 31, 1998
No. 2096, 2097, 2098 226.00 325.- 73,450.- 11,017.50 9,181.25 6,244.- Feb 15, 1996 Mar 31, 1998
and 2099
No. 3061 71.00 325.- 23,075.- 3,461.25 2,884.37 1,962.- Jun 1, l996 Mar 31, 1998
------------------------------------------------------------------------------------------------------------------------------------
Landlord Tenant
-------- ------
(Signed) Group Captain (Signed)
(Bancha Seingchareon) (Mr. Viratana Suntaranond)
Witness Witness
------- -------
(Signed) (Signed)
(Mr. Krit Phakakit) (Mr. Ponpol Pongniwatr)
[Three pages of graphics (floor plans) omitted.]
