Exhibit 99.5
SBD International LP
PO Box 309, Ugland House
Grand Cayman, KY1-1104
Cayman Islands
To:
March 1st 2020
Dear Sir,
RE: TRANSFER OF SHARES IN BROOGE HOLDINGS LIMITED (“PUBCO”)
This is to confirm that in consideration of your valuable contribution to the success of Brooge Petroleum and Gas Investment Company (“BPGIC”), we will procure that BPGIC Holdings Limited makes the following transfers of shares in Pubco (the“Share Transfers”)for nil consideration:
Transferee | Number of Pubco Shares | |
We undertake to procure that the Share Transfers are completed as soon as reasonably practicable after the date of this letter.
Yours faithfully,
For and on behalf of SBD Investments LP