Document:

EX-4.5

 Exhibit 4.5 

Execution Version 

DATED August 6, 2014 

VTTI MLP HOLDINGS LTD 

and 
 VTTI MLP SERVICES
LTD 
  
  

SECONDMENT AGREEMENT 
  

 
 Slaughter and
May 
 One Bunhill Row 
 London,
EC1Y 8YY 

 CONTENTS 
  

							
	 	  	 	  	Page	 
			
	 1.
	  	Definitions	  	 	3	  
			
	 2.
	  	Provision of Consultants	  	 	4	  
			
	 3.
	  	Absences of Consultants	  	 	4	  
			
	 4.
	  	Fees and Expenses	  	 	4	  
			
	 5.
	  	Other Activities	  	 	5	  
			
	 6.
	  	Confidentiality	  	 	5	  
			
	 7.
	  	Relationship of the Parties	  	 	6	  
			
	 8.
	  	Termination	  	 	6	  
			
	 9.
	  	Miscellaneous	  	 	7	  

  
 2 

 THIS AGREEMENT is made this 6th day of August 2014 

BETWEEN 
  

	(1)	VTTI MLP HOLDINGS LTD (registered in England under number 9086292) whose registered office is at 25-27 Buckingham Palace Road, London SW1W 0PP (“VTTI Holdings”); and 

 

	(2)	VTTI MLP SERVICES LTD (registered in England under number 9083120) whose registered office is at 25-27 Buckingham Palace Road, London SW1W 0PP (“VTTI Services”), 

(together, the “Parties”). 

WHEREAS 
  

	(A)	VTTI Holdings, VTTI Energy Partners LP (the “Partnership”) and VTTI Energy Partners GP LLC (the “General Partner”) have entered into an administrative services agreement dated on
or about the date hereof (the “Administrative Services Agreement”), pursuant to which VTTI Holdings is to provide, or procure the provision of, management and administrative support services to the Partnership on the terms
set out in the Administrative Services Agreement. 

  

	(B)	VTTI Holdings, having no employees and therefore being unable to provide such services out of its own resources, wishes to engage VTTI Services to put its employees at the disposal of VTTI Holdings on the terms set out
herein. 

 NOW IT IS AGREED as follows. 
  

	1.	Definitions 

 In this Agreement: 

 

			
		
	 “Administrative Services”
		has the meaning given in the Administrative Services Agreement;
		
	 “Administrative Services

Agreement”
		has the meaning given in the recitals;
		
	 “Consultants”
		means those officers or employees of VTTI Services as VTTI Holdings may from time to time reasonably request;
		
	 “Fee”
		has the meaning given in clause 4.1;

  
 3 

			
		
	 “General Partner”
		has the meaning given in the recitals;
		
	 “Management Services”
		has the meaning given in the Administrative Services Agreement;
		
	 “Partnership”
		has the meaning given in the recitals;
		
	 “Partnership Agreement”
		has the meaning given in the Administrative Services Agreement;
		
	 “Services”
		means the Administrative Services and the Management Services; and
		
	 “VAT”
		means value added, goods, sales or any similar tax.

  

	2.	Provision of Consultants 

  

	2.1	From the date of this Agreement until the termination of this Agreement in accordance with clause 8 below, VTTI Services shall make available to VTTI Holdings the Consultants at such times and at such places as
VTTI Holdings may consider necessary for the provision of such of the Services as VTTI Holdings may direct. 

  

	2.2	VTTI Services shall, and shall ensure that each Consultant shall, comply with all applicable laws and regulations, including, but not limited to, the Bribery Act 2010, the U.S. Foreign Corrupt Practices Act and any
other applicable anti-corruption legislation. 

  

	2.3	VTTI Services shall retain sufficiently qualified staff to provide the Services. 

  

	2.4	VTTI Holdings shall be under no obligation to provide any Consultant with work, whether during or following termination of this Agreement. 

 

	3.	Absences of Consultants 

 VTTI Services shall not be obliged to make the services of a
particular Consultant available to VTTI Holdings when that Consultant is unable to work due to holiday, illness or injury. 
  

	4.	Fees and Expenses 

  

	4.1	In consideration for the provision of the Consultants and subject to receipt of appropriate invoices, VTTI Holdings shall pay to VTTI Services a fee calculated as an allocated portion, as determined by VTTI Services, of
all documented costs incurred by VTTI Services in hiring the Consultants for those periods that the Consultants are providing Services, with the following cost mark-ups applied: 

  
 4 

			
	 Back-office staff salaries
		5%
	 Executive salaries
		10%
	 Executive bonuses
		12.5%

 (the “Fee”). 
  

	4.2	The Fee shall be determined calendar monthly and shall be payable by credit transfer to the account nominated from time to time by VTTI Services within 7 days after receipt by VTTI Holdings of an appropriate invoice
issued by VTTI Services. 

  

	4.3	The cost of all travelling and other out-of-pocket expenses incurred by the Consultants in providing the Services shall be refunded by VTTI Holdings to VTTI Services provided those expenses are reasonably incurred, of
reasonable amounts and evidenced in such manner as VTTI Holdings may reasonably require. 

  

	4.4	The Parties acknowledge that VTTI Services and its affiliates may pay incentive compensation amounts to any Consultant pursuant to or in connection with any bonus, option equity incentive or similar program maintained
by VTTI Services and that an allocation portion as determined by VTTI Services and agreed upon by VTTI Holdings of such incentive compensation amounts may be included in the Fee as provided in Section 4.1 above. 

 

	4.5	All amounts stated to be payable under this Agreement are exclusive of VAT. To the extent that VAT is chargeable by reference to any supply made under this Agreement, the recipient of such supply shall pay to the
supplier an amount equal to such VAT on receipt of a valid VAT invoice in respect thereof. 

  

	4.6	VTTI Holdings shall be entitled to deduct from the Fee any sums that VTTI Services may owe to VTTI Holdings at any time. 

  

	5.	Other Activities 

 Nothing in this Agreement shall prevent VTTI Services or any
Consultant or former Consultant from providing its or his services to, or undertaking, any other business or profession or being or becoming an employee, consultant or agent of or adviser to any other company, firm or person or assisting or having
any financial interest in any other business or profession. 
  

	6.	Confidentiality 

 VTTI Services shall, and shall procure that any Consultant shall, keep
confidential all information that it (or its officers and employees) has acquired or developed in the course of providing the Services. 

  
 5 

	7.	Relationship of the Parties 

 VTTI Services confirms that each Consultant is, and any
future Consultant will be, an employee of VTTI Services and will remain so for as long as he is a Consultant under this Agreement. Nothing in this Agreement shall render any Consultant an employee or a partner of VTTI Holdings, the Partnership or
the General Partner, and no Consultant shall have the status or rights of a worker or agency worker of VTTI Holdings, the Partnership or the General Partner under all and any applicable employment legislation (in particular the Agency Workers
Regulations 2010). Accordingly, subject to clause 4.4, VTTI Services shall be responsible for all matters in relation to each Consultant’s employment, including any disciplinary action, and shall bear exclusive responsibility for the payment of
any National Insurance contributions, income tax and any other statutory charges or deductions specified by law from time to time in respect of the employment of and any payments made to each Consultant. 

 

	8.	Termination 

  

	8.1	This Agreement shall, subject to the remainder of this clause 8, continue in force until terminated either: 

  

	 	(A)	by VTTI Services or VTTI Holdings upon 90 days’ written notice; or 

  

	 	(B)	by VTTI Holdings in circumstances where, following a termination of the Administrative Services Agreement in accordance with the terms of that agreement, VTTI Holdings elects within a period of 10 days following such
termination of the Administrative Services Agreement to terminate this Agreement. 

  

	8.2	Either Party may terminate this Agreement forthwith by written notice to the other in the event of: 

  

	 	(A)	any material or persistent default or breach by the other of any of its obligations hereunder (in the case of default or breach capable of remedy, where the other has failed to make good such default or breach within 14
days of receipt of notice in writing requiring it to do so); or 

  

	 	(B)	the other suspending or threatening to suspend payment of its debts, being unable to pay its debts or being deemed to be unable to pay its debts, or a liquidator being appointed, a resolution being passed or an order
being made for the purpose of or in connection with winding-up the other, or an administrator being appointed, a resolution being passed or an order being made in connection with the appointment of an administrator in respect of the other, or the
other ceasing to carry on its business, or the other proposing or making any composition, compromise, assignment or arrangement with all or any class of its creditors, save in respect of (B) above where such action, event, circumstances or
situation is for the sole purpose of a solvent scheme of reconstruction or amalgamation. 

  
 6 

	8.3	Any termination of this Agreement shall be without prejudice to any accrued rights and liabilities of any Party subsisting as at the date of termination. Notwithstanding the termination of this Agreement, the provisions
of clause 6, clause 7, clause 8, clause 9.2, clause 9.4, clause 9.5 and clause 9.6 shall remain in force and be binding on the Parties. 

 

	8.4	Upon termination of this Agreement, VTTI Holdings shall be obligated to pay any and all amounts payable under clause 4 for the applicable Consultants provided prior to the time of termination. 

 

	8.5	If this Agreement is terminated by VTTI Holdings pursuant to clause 8.1 and such termination results in VTTI Services incurring downsizing costs, costs in relation to redundant employees or other costs, in each
case that it is unable to recoup, VTTI Holdings shall be liable to compensate VTTI Services for a fair and reasonable proportion of such costs. The Parties shall meet to discuss such proportion and, in determining the proportion, shall have regard
to (i) the duration of this Agreement at the time of its termination and (ii) the notice period before termination given by VTTI Holdings. Failing agreement between the Parties as to such proportion, either Party may apply to an
independent English Queens Counsel of at least 10 years’ standing with relevant experience of such disputes to determine a fair proportion, and this decision shall be binding on the Parties. 

 

	9.	Miscellaneous 

  

	9.1	Any notice required to be given by either Party hereunder shall be left at or sent by registered or recorded delivery post to the registered office for the time being of the other Party marked for the attention of its
Company Secretary. Any such notice shall be treated as served at the time when it is handed to or left at the registered office of the Party to be served or, if served by post, 48 hours after its posting. 

 

	9.2	This Agreement supersedes all prior arrangements, agreements and understandings and constitutes the whole agreement between the Parties relating to the provision of the Consultants. It may only be modified or otherwise
amended by written agreement of the Parties. 

  

	9.3	The Parties note, by way of background, that, pursuant to Article 5.2 of the Administrative Services Agreement, the Partnership shall indemnify and hold harmless VTTI Services and its officers, employees and agents in
accordance with the terms of the Administrative Services Agreement. 

  

	9.4	If any provision herein is held to be void or unenforceable, the validity and enforceability of the remaining provisions herein shall remain unaffected and enforceable. 

  
 7 

	9.5	This Agreement may be executed in one or more counterparts, each of which is an original and which shall together form one and the same instrument. 

 

	9.6	This Agreement shall be governed by and construed under English law and each of the Parties hereby irrevocably agrees that the Courts of England are to have jurisdiction to settle any disputes which may arise out of or
in connection with this Agreement. 

  
 8 

	9.7	IN WITNESS whereof this Agreement has been executed the day and year first above written . 

  

			
	Signed for and on behalf of
	VTTI MLP HOLDINGS LTD
		
	by		/s/ Robert M.W.J.C. Nijst
	Name:		Robert M.W.J.C. Nijst
	Title:		Director

  

			
	 Signed for and on behalf of
 VTTI
MLP SERVICES LTD

		
	by		/s/ Rubel Yilmaz
	Name:		Rubel Yilmaz
	Title:		Director

 [Signature Page to Secondment Agreement] 

  
 9EX-4.25

 Exhibit 4.25 
  

			
	Confidential		Execution Version

 Dated 8 July 2014 

ATT TANJUNG BIN SDN BHD 

as Borrower 
 and 

VTTI B.V. 
 as Lender

 US$95,000,000 

SHAREHOLDER LOAN AGREEMENT 

 Contents 
  

							
	Clause	 	 	  	Page	 
			
	1	 	 Definitions and Interpretation
	  	 	1	  
			
	2	 	 The Facility
	  	 	3	  
			
	3	 	 Purpose
	  	 	4	  
			
	4	 	 Interest
	  	 	4	  
			
	5	 	 Repayment
	  	 	4	  
			
	6	 	 Prepayment
	  	 	4	  
			
	7	 	 Subordination Agreement
	  	 	5	  
			
	8	 	 Payments
	  	 	5	  
			
	9	 	 Accounts and Certificates
	  	 	5	  
			
	10	 	 Representations
	  	 	6	  
			
	11	 	 Events of Default
	  	 	6	  
			
	12	 	 Remedies, Waivers, Amendments and Consents
	  	 	7	  
			
	13	 	 Severance
	  	 	7	  
			
	14	 	 Counterparts
	  	 	7	  
			
	15	 	 Costs
	  	 	7	  
			
	16	 	 Notices
	  	 	8	  
			
	17	 	 Assignment
	  	 	9	  
			
	18	 	 Governing Law and Dispute Resolution
	  	 	9	  

 THIS AGREEMENT is made on 8 July 2014. 

BETWEEN 
  

	(1)	ATT TANJUNG BIN SDN BHD, a company incorporated under the laws of Malaysia with its registered office at Wisma ATB, Lot 8095-1, Pusat Petroleum Tanjung Bin, 80230 Serkat, Pontian, Johor Darul Takzin, Malaysia
(the Borrower); and 

  

	(2)	VTTI B.V., a company incorporated under the laws of The Netherlands with its registered address at K.P. van der Mandelelaan 130, 3062 MB Rotterdam, P.O. Box 1456, 3000BM Rotterdam, The Netherlands (the
Lender). 

 IT IS AGREED as follows: 
  

	1	Definitions and Interpretation 

  

	1.1	The following expressions shall have the following respective meanings: 

 Business Day
means a day (other than a Saturday or Sunday) on which banks are open for general business in Kuala Lumpur, Singapore, Labuan, The Netherlands and New York 

Event of Default shall mean any event or circumstance specified as such in Clause 11 (Events of Default)

 Existing Facility means a US$60,000,000 loan facility made available by the Lender to the Borrower pursuant to a shareholder
loan agreement dated 7 November 2013  
 Facility Amount means the total amount of the loan facility granted by the Lender
to the Borrower under this Agreement, which shall be an amount equal to not more than US$95,000,000 
 Final Maturity Date
means the date falling ten (10) years after the date of this Agreement  
 LIBOR means the applicable Screen Rate as
at 11a.m. (London time) on the day which is two (2) Business Days prior to each Quarter Date 
 Loan means the total
principal amount of the loan outstanding under this Agreement  
 Party means a party to this Agreement 

Phase 2 Commercial Operation Date means the date on which the Borrower notifies the Lender that: (i) the Borrower has settled the
final payment instalments due and payable under all the Phase 2 EPCC Contracts as evidenced by certificates from each of the contractors under the Phase 2 EPCC Contracts to that effect and (ii) the Borrower has accepted the performance 

  
 1 

 
certificate defined and issued under the Phase 2 EPCC Contracts and each of the contractors has issued a certificate confirming that it does not have any further claims against the Borrower under
its Phase 2 EPCC Contracts, and which is expected to be around 30 September 2015 
 Phase 2 Contractual Documents means any
agreement, contract, document or arrangement entered into from time to time by the Borrower (with or without the Lender) for the purposes of the Phase 2 Project 

Phase 2 EPCC Contracts shall mean:  
  

	 	(a)	the contract dated 12 August 2013 between the Borrower and Frontken Malaysia Sdn Bhd in respect of the construction of the tanks and associated pipeline infrastructure for the Phase 2 Project; and

  

	 	(b)	the contract dated 1 October 2013 between the Borrower and Antara Koh in respect of the construction of the sixth berth for the Phase 2 Project 

Phase 2 Project means: 
  

	 	(a)	prior to the Phase 2 Commercial Operation Date, the expansion of the Borrower’s petroleum products storage terminal located in the Tanjung Bin Oil and Maritime Industrial Park, South West of Johor, Malaysia, by the
addition of approximately 250,000 cubic metres of additional storage capacity and the construction of a sixth berth at such storage terminal, as more particularly described in the Phase 2 EPCC Contracts; and 

 

	 	(b)	after the Phase 2 Commercial Operation Date, the commercial operation of the expanded storage terminal and the sixth berth referred to in paragraph (a) above 

Quarter Date means 31 March, 30 June, 30 September and 31 December in each calendar year 

Screen Rate means the London interbank offered rate administered by ICE Benchmark Administration Limited (or any other person which
takes over the administration of that rate) for United States Dollars for a three (3) months period displayed or pages LIBOR01 or LIBOR02 of the Reuters screen (or any replacement Reuters page which displays that rate) or on the appropriate
page of such other information service which publishes that rate from time to time in place of Reuters. If such page or service ceases to be available the Lender may specify another page or service displaying the appropriate rate after consultation
with the Borrower, and if no other page or service is available, whatever rate the Lender reasonably considers appropriate 

United States Dollar, US$, USD or $ means the lawful currency of the United States of America 

  
 2 

	1.2	In this Agreement: 

  

	 	(a)	the headings are inserted for convenience only and do not affect the interpretation of this Agreement; 

  

	 	(b)	references to clauses and schedules are to clauses of, and schedules to, this Agreement; 

  

	 	(c)	references to this Agreement, or any other document are to this Agreement or that document as from time to time amended, restated, novated, or replaced, however fundamentally; 

 

	 	(d)	references to a person include an individual, firm, company, corporation, unincorporated body of persons and any government entity; 

  

	 	(e)	words importing the plural include the singular and vice versa; and 

  

	 	(f)	references to any enactment include that enactment as re-enacted; and, if an enactment is amended, any provision of this Agreement which refers to that enactment will be amended
in such manner as the Lender, after consultation with the Borrower, determines to be necessary in order to preserve the intended effect of this Agreement. 

  

	1.3	This Agreement may be executed in counterparts. 

  

	1.4	No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999 by anyone other than a party to this Agreement. 

 

	1.5	Clause headings are for ease of reference only. 

  

	2	The Facility 

  

	 	(a)	The Lender hereby grants to the Borrower a loan facility in an amount not to exceed the Facility Amount on the terms, and subject to the conditions, of this Agreement. 

 

	 	(b)	The Borrower may utilise the loan facility granted by the Lender under Clause 2(a) of this Agreement by delivery to the Lender of a request giving three (3) Business Days (or such shorter period agreed by the
Borrower and the Lender) prior written notice from time to time during the term of this Agreement. 

  
 3 

	3	Purpose 

 The purpose of the Loan is: 

 

	 	(a)	to enable the Borrower to prepay the Existing Facility in full; 

  

	 	(b)	to make payment and settlement of all amounts outstanding and/or payable by the Borrower in connection with the Phase 2 Project and the Phase 2 Contractual Documents in each case prior to the Phase 2 Commercial
Operation Date; and 

  

	 	(c)	to make payment of any interest payable under this Agreement from the date of this Agreement until the Phase 2 Commercial Operation Date. 

 

	4	Interest 

  

	 	(a)	The Borrower will pay interest on the Loan at LIBOR plus 3.5% per annum. 

  

	 	(b)	Interest will accrue from day to day on the aggregate outstanding balance of the Loan. It will be calculated on the basis of actual days elapsed and a 360 day year. 

 

	 	(c)	Interest on the Loan will be paid on each Quarter Date and for the avoidance of doubt may not be paid from a drawing under this loan facility after the Phase 2 Commercial Operation Date. 

 

	5	Repayment 

 The Borrower must repay the Loan in cash in equal instalments on each Quarter
Date falling after the Phase 2 Commercial Operation Date up to and including the Final Maturity Date. The Borrower may not reborrow any part of the Loan which is repaid. 
  

	6	Prepayment 

  

	 	(a)	The Borrower may prepay the whole or any part of the Loan (together with any other amounts due or owing to the Lender at such time) at any time. Any prepayment shall be applied first towards the payment of all amounts
of interest then accrued but outstanding and the balance shall be applied pro-rata amongst each then remaining repayment instalment. The Borrower may not reborrow any part of the Loan which is prepaid. 

 

	 	(b)	The Borrower shall repay the Loan in full (together with all accrued but unpaid interest and any other amounts due or owing to the Lender at such time) on the Final Maturity Date. 

 

	 	(c)	The Loan (together with any other amounts due or owing to the Lender at such time) shall become immediately payable on demand following the occurrence of an Event of Default. 

  
 4 

	7	Subordination Agreement 

  

	7.1	In this Clause 7, Subordination Agreement means the subordination agreement dated 27 June 2014 between the Lender, the Borrower and Coöperative Centrale Raiffeisen-Boerenleenbank B.A. trading as
Rabobank International. Capitalised terms defined in this Clause 7 and not otherwise defined in the Agreement shall have the meanings given to them in the Subordination Agreement. 

 

	7.2	Each of the Borrower and the Lender agree that: 

  

	 	(a)	this Agreement is subject to the terms of the Subordination Agreement; 

  

	 	(b)	the liabilities of the Borrower to the Lender under this Agreement are postponed and subordinated to the Senior Liabilities to the extent set out in the Subordination Agreement; and 

 

	 	(c)	notwithstanding anything else in this Agreement, no payments or repayments may be made by the Borrower to the Lender under this Agreement, and this Agreement may not be terminated or enforced, to the extent prohibited
by the Subordination Agreement. 

  

	8	Payments 

  

	8.1	All payments made by the Borrower under this Agreement shall be in United States Dollars: 

  

	 	(a)	in full, without any deduction, set-off or counterclaim; and 

  

	 	(b)	in immediately available cleared funds on the due date to the account that the Lender may specify to the Borrower. 

  

	8.2	In the event that any withholding or deduction in respect of such payments by the Borrower is so required by law or by regulation or by governmental policy having the force of law, the Borrower shall pay such additional
amounts as will result in receipt by the Lender of such amounts as would have been received by the Lender had no such withholding or deduction been required. 

  

	9	Accounts and Certificates 

  

	9.1	The Lender shall maintain accounts evidencing the amount the Borrower owes it in accordance with its usual practice. Entries in those accounts shall be prima facie evidence of the existence and amount of the
Borrower’s obligations as recorded in them. 

  

	9.2	If the Lender issues any certificate, determination or notification of a rate or any amount payable under this Agreement, it shall be conclusive (in the absence of manifest error) evidence of the matter to which it
relates and shall contain reasonable details of the basis of determination. 

  
 5 

	10	Representations 

 Each of the Parties makes the representations and warranties set out in
this Clause 10 to the other Party on the date of this Agreement. 
  

	10.1	Status 

  

	 	(a)	It is a company with limited liability duly incorporated and validly existing under the laws of its jurisdiction of incorporation; and 

 

	 	(b)	It has the power to own its assets and carry on its business as it is being conducted. 

  

	10.2	Binding obligations 

 The obligations expressed to be assumed by it in this Agreement are legal,
valid, binding and enforceable obligations (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganisation, moratorium or other similar laws affecting creditors’ rights generally). 

 

	10.3	Non-conflict with other obligations 

 The entry into and performance by it of, and the
transactions contemplated by, this Agreement do not and will not conflict in any way that is material to the interests of the other Party as regards: 
  

	 	(a)	any applicable law in its jurisdiction of incorporation; 

  

	 	(b)	its constitutional documents; or 

  

	 	(c)	any agreement or instrument binding upon it or any of its assets or constitute a default or termination event (however described) under any such agreement or instrument. 

 

	10.4	Power and authority 

 It has the power to enter into, perform and deliver, and has taken all
necessary action to authorise its entry into, performance and delivery of, this Agreement and the transactions contemplated by this Agreement. 
  

	11	Events of Default 

 Each of the events or circumstances set out in the following
sub-clauses of this clause 11 is an Event of Default. 

  
 6 

	11.1	The Borrower does not pay on the due date any amount payable under this Agreement. 

  

	11.2	The Borrower is or is presumed or deemed to be unable or admits inability to pay its debts as they fall due or suspends making payments on any of its debt. 

 

	12	Remedies, Waivers, Amendments and Consents 

  

	12.1	Any amendment to this Agreement shall be in writing and signed by, or on behalf of, each party. 

  

	12.2	Any waiver of any right or consent given under this agreement is only effective if it is in writing and signed by the waiving or consenting party. It shall apply only in the circumstances for which it is given and shall
not prevent the party giving it from subsequently relying on the relevant provision. 

  

	12.3	No delay or failure to exercise any right under this agreement shall operate as a waiver of that right. 

  

	12.4	No single or partial exercise of any right under this Agreement shall prevent any further exercise of that right (or any other right under this Agreement). 

 

	12.5	Rights and remedies under this Agreement are cumulative and do not exclude any other rights or remedies provided by law or otherwise. 

 

	13	Severance 

  

	13.1	The invalidity, unenforceability or illegality of any provision (or part of a provision) of this Agreement under the laws of any jurisdiction shall not affect the validity, enforceability or legality of the other
provisions. 

  

	13.2	If any invalid, unenforceable or illegal provision would be valid, enforceable and legal if some part of it were deleted, the provision shall apply with whatever modification as is necessary to give effect to the
commercial intention of the parties. 

  

	14	Counterparts 

 This Agreement may be executed and delivered in any number of
counterparts, each of which is an original and which, together, have the same effect as if each party had signed the same document. 
  

	15	Costs 

 Each Party will bear its own costs in relation to this Agreement. 

  
 7 

	16	Notices 

  

	16.1	Each notice, request, demand or other communication under this Agreement shall be: 

  

	 	(a)	in writing, delivered personally or sent by courier or fax; and 

  

	 	(b)	sent: 

  

	 	(i)	to the Borrower at: 

 ATT Tanjung Bin Sdn Bhd 

Address:      Wisma ATB 

Lot 8095-1 
 Pusat Petroleum
Tanjung Bin 
 80230 Serkat, Pontian 

Johor Darul Takzin 
 Malaysia

 Facsimile:     +607 696 2055 

Attention:     Chief Executive Officer 
  

	 	(ii)	to the Lender at: 

 VTTI B.V. 

Address:      K.P. van der Mandelelaan 130 

3062 MB Rotterdam 
 The
Netherlands 
 Facsimile:     +31 10 453 1663 

Attention:     Director 

or to any other addresses or fax numbers that are notified by one Party to the other. 

 

	16.2	Any notice or other communication given by the Lender shall be deemed to have been received: 

  
 8 

	 	(a)	if sent by fax, with a confirmation of transmission, on the day on which it is transmitted; 

  

	 	(b)	if given by hand, on the day of actual delivery; and 

  

	 	(c)	if delivered by courier, on the second Business Day following the day on which it was despatched by courier. 

  

	16.3	A notice given as described in Clause 16.2(a) or Clause 16.2(b) on a day which is not a Business Day (or after normal business hours in the place of receipt) shall be deemed to have been received on the next Business
Day. 

  

	16.4	Any notice or other communication given to the Lender shall be deemed to have been given only on actual receipt by the Lender. 

  

	17	Assignment 

 The Borrower may not transfer (either by assignment or novation) any of its
rights or obligations under this Agreement without the prior written consent of the Lender. 
  

	18	Governing Law and Dispute Resolution 

  

	18.1	This Agreement and all non-contractual obligations arising out of or in connection with it shall be governed by, and construed in accordance with, the laws of England. 

 

	18.2	Jurisdiction 

  

	 	(a)	The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement (including a dispute relating to the existence, validity or termination of this Agreement or
the consequences of its nullity or any non-contractual obligations arising out of or in connection with it) (a Dispute). 

  

	 	(b)	The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary. 

 

	18.3	Service of process 

  

	 	(a)	Without prejudice to any other mode of service allowed under any relevant law, each of the Borrower and the Lender irrevocably appoint Vitol Services Limited of Belgrave House, 76 Buckingham Place Road, London SW1W 9TQ,
United Kingdom as its agent for service of process in relation to any proceedings before the English courts in connection with this Agreement. 

  

	 	(b)	Each of the Borrower and the Lender agrees that failure by an agent for service of process to notify it of the process will not invalidate the proceedings concerned. 

AS WITNESS the hands of the duly authorised representatives of the Parties hereto the day and year first before written. 

  
 9 

					
	BORROWER				
	  
 SIGNED for and on behalf of

 
 ATT TANJUNG BIN SDN BHD

 
		  
 )

 
 )
  

)
		
			
					 /s/ Rubil Yilmaz

By Rubil Yilmaz, Director
 Signature and Title

  
 10 

					
	LENDER				
			
	SIGNED for and on behalf of		)		
			
	VTTI B.V.		)		
			
			)		
			
					 /s/ Rubil Yilmaz

By Rubil Yilmaz, Director
 Signature and Title

  
 11

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