EXHIBIT
4.6


SUMMARY
OF KEY TERMS


GAS
SUPPLY CONTRACT BETWEEN OLYMPIC PERU AND CEMENTOS PACASMAYO





 





General


 


On August 29, 2018, Cementos Pacasmayo
S.A.A. (the “Company”) entered into an agreement with Olympic Peru pursuant to which Olympic Peru will supply natural
gas to the Company. Under the terms of the agreement, natural gas, to be used exclusively for consumption by the Company, is extracted
from lot XIII, located in Vice district, in the Province of Sechura, Piura. transmitted through a pipeline and delivered by Olympic
Peru to a delivery point at our Piura plant.


 


Term


 


The agreement will enter into force on
the date natural gas is first supplied to the Company and will remain in force until the earlier of (i) the 18-year anniversary
of such date and (ii) the termination of the license agreement for the exploration and exploitation of hydrocarbons from Lot XIII,
dated May 30, 1996, between Olympic Peru and Perupetro S.A., as amended, unless earlier terminated by either party pursuant to
the terms of the agreement or as provided by applicable law.


 


Agreement Phases


 


The agreement contemplates two phases:
the “Spot Phase” and the “Firm Phase.”


 


Spot Phase


 


The Spot
Phase is the first phase of the agreement, and will apply until the following conditions are met:


 


		a.	Olympic Peru obtains the necessary permits for extracting and collecting natural gas at a station
at our Piura plant (which has already been set up); and
	 	 	 
		b.	Olympic Peru builds a gas pipeline and installs all the necessary equipment to provide gas at the
point of sale at our Piura plant.



 


During this phase, all risk is for the
account of Olympic Peru, the Company is not required to make any purchases, and there is no requirement of exclusivity.


 


During this phase, the Company or Olympic
Peru may terminate the agreement at any time without any liability of any kind to the other party.


 


During this phase, the Company will pay
Olympic Peru a fixed price per MMBTU that is adjusted in year 6, year 9 and year 12.


 






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Firm
                                         Phase


 


The
Firm Phase is the second phase of the agreement, and will commence upon the termination of the Spot Phase, and satisfaction
of the conditions set forth below. Upon commencement of the Firm Phase, the agreement will cease to be a spot supply contract,
and will become a “take or pay” contract until it expires or is terminated pursuant to its terms. The following conditions
must be met in order to begin this phase:


 





		a)	The
                                         Peruvian government must grant a concession to a concessionaire for the distribution
                                         of natural gas through pipelines in Piura, where the Company’s Piura plant is located.
	 	 	 
		b)	Olympic
                                         Peru must transfer part of the system for extraction and collection of natural gas to
                                         the distribution concessionaire; and
	 	 	 
		c)	The
                                         Company must sign a distribution contract with the distribution concessionaire, on terms
                                         and conditions acceptable to Olympic Peru. Likewise, by virtue of the terms of the supply
                                         agreement, Olympic Peru will assume the Company’s interest in the distribution
                                         contract.



 


During
the Firm Phase, the Company will be required to take and to pay, even if the Company does not take the natural gas supplied by
Olympic Peru, for the amount of the maximum contacted volume (MCV) described below:


 


		●	For
                                         the first five years from the first date that natural gas is supplied to the Company
                                         under the agreement, the minimum daily volume of 60% of the MCV (including any increases
                                         in the MCV); and



 


		●	For
                                         the remainder of the term of the agreement, the minimum daily volume of 70% of the MCV
                                         (including any increases of the MCV).



 


From
the commencement of the Firm Phase, the penalty for terminating the agreement prior to its expiration or termination of the license
agreement is equal to approximately US$8 million for the first five years, and after that time, the penalty is equal to approximately
US$4 million.


 


 


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