1. With respect to Dealer-Operated Site: Sukhumvit I/B, ESSO acknowledges that TESCO will enter into a lease agreement with Dealer and leasing period will be expired on 31 December 2021 TESCO agrees not claim for the related NET Book Value for the Store Building and Fixtures (as referred to in Attachment I herewith).
In case that the lease agreement between TESCO and Dealer is terminated without TESCO’s fault or breach prior to the expiry date, ESSO hereby agrees to make payment to TESCO, within thirty days after termination date, for the Store Building and Fixtures of Dealer-Operated Site:Sukhumvit I/B based on the Net Book Value (as at the termination date, depreciation period is 15 years start from 5 January 2005 to 4 January 2020).