Memorandum of Agreement
between Surin Beach Thai Co., Ltd. (hereafter referred to as “SBT”) and Mr. (hereafter referred to as “The Lessee”) and Mrs. (hereafter referred to as “The Co-Lessee”)
We are writing in relation to the original 30-Year Land Lease Contract (“the leasing contract”) signed between the SBT, the Lessee and the Co-Lessee concerning the unexploited land adjacent to the house number B1, expressed as the “coconut garden”.
SBT is the owner of the “coconut garden”, the main commercial points of which are set forth herein, and when counter-signed by you this document shall constitute a legal agreement between us.
(i) LIMITATION OF RIGHT TO INCUR CHARGES ON THE COCNUT GARDEN
During the duration of this contract, SBT promises not to take the coconut garden as stated in this contract to sell, transfer, give or perform any construction or any other act that will change the original lay out of the coconut garden without a written permission and acceptance from the Lessee and the Co-Lessee.
The original lay out of the coconut garden is related to the actual lay out set from the same date as this contract is signed by both parties.
(ii) Term
The Agreement will commence on the day of execution and be a part of the registered 30 year leasing contract
between the parites at the land office.
(iii) Governing law and arbitration
This agreement shall be construed in accordance with the laws of Thailand.
Any dispute arising out of or in connection with the agreement shall be finally settled by a district court of first instance in Prachuab Kirikhan, Thailand.
IN WITNESS WHEREOF, the parties have executed this Memorandum of Agreement in duplicate, each party taking one (1) copy, the day and year written below.
Memorandum of Agreement
between Surin Beach Thai Co., Ltd. (hereafter referred to as “SBT”) and Mr. (hereafter referred to as “The Lessee”) and Mrs. (hereafter referred to as “The Co-Lessee”)
We are writing in relation to the original 30-Year Land Lease Contract (“the leasing contract”) signed between the SBT, the Lessee and the Co-Lessee concerning the unexploited land adjacent to the house number B1, expressed as the “coconut garden”.
SBT is the owner of the “coconut garden”, the main commercial points of which are set forth herein, and when counter-signed by you this document shall constitute a legal agreement between us.
(i) LIMITATION OF RIGHT TO INCUR CHARGES ON THE COCNUT GARDEN
During the duration of this contract, SBT promises not to take the coconut garden as stated in this contract to sell, transfer, give or perform any construction or any other act that will change the original lay out of the coconut garden without a written permission and acceptance from the Lessee and the Co-Lessee.
The original lay out of the coconut garden is related to the actual lay out set from the same date as this contract is signed by both parties.
(ii) Term
The Agreement will commence on the day of execution and be a part of the registered 30 year leasing contract
between the parites at the land office.
(iii) Governing law and arbitration
This agreement shall be construed in accordance with the laws of Thailand.
Any dispute arising out of or in connection with the agreement shall be finally settled by a district court of first instance in Prachuab Kirikhan, Thailand.
IN WITNESS WHEREOF, the parties have executed this Memorandum of Agreement in duplicate, each party taking one (1) copy, the day and year written below.
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