Exhibit 4.30
To:
Melco PBL (Macau Peninsula) Limited,formerly known asSwift Profit Investments Limited (“Melco PBL”)
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola
British Virgin Islands
Macau, 17 of July, 2007
Dear Sirs,
| | |
Re: | | Promissory Transfer of Shares Agreement dated 17 May 2006 (“Agreement”) entered into betweenMelco PBLas promissory buyer andwe, (i.)Double Margin Limited, a company duly incorporated under the laws of the British Virgin Islands (“Double Margin”),(ii.)Leong On Kei,akaAngela Leong(“Angela Leong”), as promissory sellers (“Promissory Sellers”), and(iii.)Sociedade de Fomento Predial Omar, Limitada, a company duly incorporated under the laws of Macau (“Omar”), in relation to the Purchase of the entire issued share capital ofOmar. |
We,Double MarginandAngela Leongrefer to theAgreement. For convenience, all words and expressions use in this letter have the same meaning as defined in theAgreement, unless the contrary intention appears.
Under clause 6.1. of theAgreement: (i) completion should take place on or before January 27, 2007, upon fulfilment of the conditions precedent set forth in the Recital (d) and the conditions for completion set forth in clauses 6.1.1. and 6.1.2. of theAgreement; and (ii) if the said conditions for completion do not occur or fulfil on or before January 27, 2007,Melco PBL may agree with thePromissory Sellers for such other date of completion.
Pursuant to clause 6.1 of theAgreementand by a separate letter agreement dated 25 January 2007,Melco PBL and thePromissory Sellers have agreed to postpone the date of completion to July, 27, 2007.
We hereby inform that compliance with all the conditions above mentioned will not be fulfilled on or before July 27, 2007. Therefore, we propose a further extension of the date of completion, until July 27, 2008, and in case the aforesaid conditions remain unfulfilled by that date, then the completion date shall be further postponed if there is mutual agreement. The said further postponement of the completion date to July 27, 2008 shall not prejudice any of the rights and obligations of thePROMISSORY SELLERS,OMARandMELCO PBLunder theAGREEMENT, including but not limited to, allMelco PBL’srights under clauses 6.1.2 and 6.1.3 of theAgreement.
Other than the further postponement of the completion date to July 27, 2008 operated by means of your acceptance of the terms and conditions of this letter, all other provisions of theAgreement, including but not limited to, all the conditions precedent and conditions for completion, shall remain fully valid and in force.
Please sign the enclosed copy of this letter to signify your acceptance and agreement to the terms and conditions of this letter set out herein.
Yours faithfully,
Double Margin Limited
| | | | | | |
SIGNED by Mr. Lee Chi Keong | | | ) | | | /s/ Lee Chi Keong |
| | | ) | | | |
in the presence of:- | | | ) | | | /s/ Kong Ieong |
| | | | | | |
Witness : Kong Ieong, Connie | | | ) | | | |
| | | | | | |
Leong On KeiakaAngela Leong | | | ) | | | /s/ Angela Leong |
| | | ) | | | |
signed in the presence of:- | | | ) | | | |
|
Witness: Kong Ieong, Connie | | | ) | | | /s/ Kong Ieong |
We hereby confirm our acceptance of and agreement to the terms and conditions of the letter set out above.
| | | | | | |
Melco PBL (Macau Peninsula) Limited | | | ) | | | /s/ Clarence Chung |
| | | ) | | | |
SIGNED by Clarence Chung | | | ) | | | |
| | | ) | | | |
in the presence of:- | | | ) | | | |
|
| | | | | | |
Witness:- | | | ) | | | /s/ Edmond Choi |