Document:

Exhibit
10.67

 

 

 

 

 

 

 

EMPLOYMENT
AGREEMENT

 

 

 

 

BETWEEN

 

BROOGE
PETROLEUM AND GAS INVESTMENT COMPANY FZC

 

AND

 

LINA
SALAH SAHEB

 

 

 

 

 

1st
MAY 2019

 

    	Page 1 of 6	Brooge Petroleum and Gas Investment Company FZC

     

    

 

 

THIS
EMPLOYMENT AGREEMENT (“Agreement”) is made on 1st of May 2019:

 

This
document gives details of the terms and conditions of the employment contract between Brooge Petroleum and Gas Investment Company
FZC, organized and existing under the laws and regulations applicable in the Fujairah Free Zone, United Arab Emirates, P.O.
Box 50170 Fujairah, UAE (the “Company”) and Ms. Lina Salah Saheb, an Iraqi National, holding Iraqi passport,
                                       
(the “Employee”) and sets out the particulars of employment with the Company.

 

Position:

 

The
Employee will work in the position of Chief Strategy Officer and will comply with the job description in accordance with the associated
roles and responsibilities attached at (Schedule A).

 

Responsibilities:

 

The
Employee will report to the C.E.O or representative thereof.

 

Work
Place:

 

Abu
Dhabi - UAE and, The Employee may be transferred to any other branch/location within UAE as per the work needs pursuant to a notification
to be submitted to the Employee. The Employee may be delegated on behalf of the Company to different locations and countries if
necessary based on mutual consent.

 

Working Hours:

 

From
Sunday to Thursday: From 8:30 am to 4:30 pm, Fridays and Saturdays are days off.

 

Date
of commencement:

 

From
1st of May 2019

 

    	Page 2 of 6	Brooge Petroleum and Gas Investment Company FZC

     

    

 

 

Remuneration:

 

The
Employee will receive a total monthly gross salary of Seventy Five Thousand Dirhams only (AED 75,000). The aforementioned salary
includes (the basic salary and other allowances) as per the following:

 

a- Basic Salary:

 

The
basic salary included in the above mentioned gross salary is Thirty Seven Thousand Five Hundred Dirhams only (AED 37,500).

 

b- Other Allowances:

 

The
remainder of the gross salary of Thirty Seven Thousand Five Hundred Dirhams (AED 37,500) shall be distributed by the Employee
for all other allowances as per the Employee’s personal preference.

 

Bonus:

 

The
Employee may be provided with bonuses based on employee performance and Company’s evaluation and sole discretion.

 

Other Benefits Offered by the Company:

 

a.
Accommodation Allowance

 

The
Employee will receive an annual accommodation allowance of One Hundred and Eighty Thousand Dirhams (AED 180,000) to be paid in
two installments on semiannual bases.

 

b.
Leaves:

 

The
Employee is entitled to an annual leave of 30 payable working days and the official UAE national holidays.

 

    	Page 3 of 6	Brooge Petroleum and Gas Investment Company FZC

     

    

 

 

c. 
Travel tickets:

 

The
Employee will be provided two business class air tickets on an annual bases

 

d. Medical
Insurance:

 

The
Company will provide medical insurance as per UAE Laws.

 

Termination of Service:

 

Either
Party hereto may terminate this Agreement with providing a period notice of 60 days.

 

Return
of Company Property

 

Upon
the termination/expiration of your employment, for any reason whatsoever, you must immediately deliver up to the Company all correspondence,
documents, papers, memoranda, notes, records (including any contained in magnetic media or other forms of computer storage), videos,
tapes, and/or any other property of the Company which may be in your possession or under your control. You must not allow the
same to be used by any other party whatsoever, and you must return the property to the Company without making or retaining any
copies of it.

 

Confidentiality

 

You
shall, during the continuance of your employment and at all times thereafter and/or after the end of your employment term, keep
with absolute secrecy and shall not reveal, disclose or publish outside the Company to any person, firm or organization, unless
nominated by the Company, or otherwise utilize any information of a confidential nature. This includes without limitation trade
secrets, know-how, inventions, designs, processes, formulae, notations, improvements, financial information and lists of clients
concerning the affairs or business or products of the Company or of any Group Company or of any of their predecessors in business
or of any of their suppliers, agents, distributors or customers of which you may now or hereafter know or learn while in the Company’s
employment, and shall not use for your own purposes other than those of the Company or of any Group Company any such confidential
information.

 

    	Page 4 of 6	Brooge Petroleum and Gas Investment Company FZC

     

    

 

 

Best
Interests of the Company

 

		a.	At
                                         all times during the continuance of this Agreement you shall use your best endeavours
                                         to promote and protect the interests of the Company (and any sister Company) and shall
                                         faithfully and diligently perform such duties and exercise such powers as may from time
                                         to time be assigned to or vested in you and shall not do anything that is or could be
                                         harmful to the Company or any sister Company.

 

		b.	You
                                         are required to devote your full time, attention and abilities to your job duties during
                                         working hours, and to act in the best interest of the Company. You must not be in any
                                         way directly engaged or be concerned in any other business or undertaking without the
                                         written consent of the Board.

 

Intellectual
Property

 

		a.	To
                                         the extent permitted by law, all rights in patents, copyright, design rights, trade marks,
                                         confidential information and know-how which arise by virtue of your activities during
                                         your employment shall solely belong to the Company.

 

		b.	You
                                         shall, at the request and expense of the Company, execute such documents and do such
                                         things as may be required to vest such rights in the Company or to provide evidence of
                                         such vesting, as the case may be.

 

Deductions
and Set-offs

 

You
consent to the deduction and set-off from your Salary or from any other sums owed to you by the Company of any sums owing by you
to the Company at any time, which shall for the purposes of this clause include any sums equal to any loss which has been or which
the Company genuinely estimates will be incurred by the Company or any sister Company arising from a breach by you of any of the
terms of this Agreement.

 

Employment
Term

 

The
term of the contract shall be five years automatically renewed for a similar period of time unless terminated otherwise.

 

    	Page 5 of 6	Brooge Petroleum and Gas Investment Company FZC

     

    

 

 

Governing
Law

 

This
employment offer is governed by the laws of the Emirate of Abu Dhabi, UAE.

 

You
should comply with the rules of non-competitiveness, in particular, Art. 127 of Labor Law, UAE

 

In
case you consent on the terms and conditions as mentioned above kindly sign below and return to the undersigned.

 

For
and on behalf of/ Brooge Petroleum and Gas Investment Company FZC (BPGIC)

 

	Name:	Nicolaas Paardenkooper	 
	Position:	C.E.O	 
	Date:	 	 
	 	 	 
	Signature:  	/s/ Nicolaas Paardenkooper	 

 

I
accept the above mentioned terms and conditions.

 

	Name:	Lina Salah Saheb	 
	Date:	 	 
	 	 	 
	Signature:  	/s/ Lina Salah Saheb	

  

    	Page 6 of 6	Brooge Petroleum and Gas Investment Company FZCExhibit 10.68

   

Third Addendum to Joint Development Agreement

 

Dated 6th September 2019

 

(1) Brooge Petroleum
and Gas Investment Company FZE

 

(2) Sahara Energy
Resources DMCC

 

    	 		Hogan Lovells

     

    

  

This Third Addendum to Joint Development
Agreement is made on the [          ] day of September 2019 (“Third
Addendum”)

 

Between:

 

		(1)	Brooge Petroleum and Gas Investment
                                         Company FZE, a company incorporated under the laws of the Fujairah Free Zone and
                                         the United Arab Emirates (commercial registration no. 13-FZC-1117) whose registered office
                                         is at PO Box 50170, Fujairah Free Zone, United Arab Emirates (“BPGIC”);
                                         and

 

		(2)	Sahara Energy Resources DMCC, a
                                         company incorporated under the laws of Dubai Multi Commodities Centre and United Arab
                                         Emirates (commercial license no. 32101) whose registered office is at 2201-C, Reef Tower,
                                         JLT, Dubai, United Arab Emirates (“Sahara”).

 

(each a “Party” and together the
“Parties”) 

 

Whereas:

 

		(A)	On 14 May 2019, the Parties entered into a Joint Development Agreement wherein the Parties have
agreed to cooperate together for Sahara to develop a refinery unit in Fujairah, United Arab Emirates (the “Agreement”);
and

 

		(B)	On 1 June 2019, the Parties entered into an Addendum to the Agreement to extend the timeline of
signing all the Ancillary Agreements to 19 June 2019.

 

		(C)	On 30 July, the Parties entered into a Second Addendum to the Agreement (the “Second Addendum”)
to extend the timeline of signing all the Ancillary Agreements and the completion of all conditions precedent to 1 August 2019.

 

		(D)	The Parties have
                                         agreed to supplement the Agreement, the Addendum and the Second Addendum to further extend
                                         the timeline of signing all the Ancillary Agreements and
                                         the completion of all conditions precedent from 1 August 2019 to 30 September
                                         2019 or such later date as may be agreed between the Parties.

 

		(E)	These Recitals form part of the Third Addendum.

 

It
is agreed:

 

		1	Definitions and Interpretation

 

		1.1	Unless otherwise expressly stated herein, words and expressions defined and references contained
in the Agreement shall have the same meanings and interpretation in this Third Addendum.

 

		2	Extension of Timeline

 

		2.1	Pursuant to Clause 5.1 of the Agreement, the Parties have mutually agreed to extend the timeline
of signing all the Ancillary Agreements until 30 September 2019 or such later date as may be agreed between the Parties starting
from the date of signing of this Third Addendum.

 

		2.2	Pursuant to Clause 5.2 of the Agreement, the Parties have mutually agreed to extend the
                                                           timeline for completion of the conditions precedent to 30 September 2019 or 
                                                           such later date as may be agreed between the Parties starting from the date of signing of this Third Addendum.

 

 

    	 	2	Hogan Lovells

     

    

  

		3	General

 

		3.1	The remaining clauses of the Agreement shall remain effective and binding upon the Parties
in respect of matters not covered herein.

 

		3.2	Except as otherwise provided, the Parties shall each bear their own costs and expenses incurred
in complying with their obligations under this Third Addendum.

 

		3.3	The invalidity or unenforceability of any portion or portions of this Third Addendum shall
in no way affect the validity or enforceability of any other portion or provision hereof. Any invalid or unenforceable portion
or provision shall be deemed severed from this Third Addendum and the balance of this Third Addendum shall be construed and enforced
as if this Third Addendum did not contain such invalid or unenforceable portion or provision.

 

		3.4	This Third Addendum may be executed in any number of counterparts, and this has the same effect as if the signatures on the
counterparts were on a single copy of this Addendum.

 

		3.5	This Third Addendum may only be varied by written agreement of both Parties.

 

		3.6	This Third Addendum, the Agreement and the RSA constitutes the entire agreement and there are no oral or other representations
regarding the subject of this Third Addendum and Agreement that are binding on either party.

 

		3.7	It is agreed between the Parties that time is of the essence in the performance of each Party’s obligations under the Agreement
and this Third Addendum.

 

This Third Addendum was signed on the date mentioned
above and its provisions shall come into force from the date of signing hereof.

 

	Signed by
    Nicolaas Paardenkooper duly authorised for and on behalf of Brooge Petroleum and Gas
    Investment Company FZE	 	 
	 	 	 
	Signed by
    Wale Ajibade duly authorised for and on behalf of Sahara Energy Resources DMCC	 	 

  

 

	 	3	Hogan Lovells

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