Document:

Airports Authority of Thailand

No. Tor.Or.Tor. 6537/2542

                                                                 7 December 1999

Re             Notice of Approval of  Renewal of Lease Agreement of Building 305

To             Managing Director, King Power Duty Free Co., Ltd.

Reference      Your letter, No. Kor.Phor.Dor. 352/2542 dated 7 September 1999

Pursuant  to the  referenced  letter,  in which King  Power Duty Free Co.,  Ltd.
requested to renew the Lease  Agreement of the room and space in Building 305 of
the Bangkok International Airport, as detailed therein.

The  Airports  Authority  of  Thailand  (AAT) has  considered  the matter and is
pleased  to renew the said  Lease  Agreement  as  requested  for a period of two
years.  The rents,  fee and charges  shall be as  specified by AAT and under the
terms and  conditions  set forth by AAT.  The Company  must accept and  strictly
comply with the terms and conditions, including rules, regulations, instructions
and directives of AAT, for both existing and to be issued in the future.

Please be informed accordingly, and kindly forward a written confirmation to AAT
by 20 December 1999.

                                                  Yours sincerely,

                                                    - signed -
                                               (Mr. Bancha Pattanaporn)
                                              Deputy Managing Director
                                                 For Managing Director

Finance Department
Tel.     535-1590
Fax      535-1855Airports Authority of Thailand

No. Tor.Or.Tor. 3835/2542

                                                                    29 July 1999

Re                Permission for Renewal of Lease Agreement

To                Managing Director, King Power Duty Free Co., Ltd.

Reference         Your letter, No. Kor.Phor.Dor. 253/2542 dated 15 July 1999

Pursuant  to the  referenced  letter,  in which King  Power Duty Free Co.,  Ltd.
requested to renew the Lease  Agreement No.  1-07/2539 dated 15 January 1997 for
the lease of Room Nos. 2091 - 2094,  totalling  217.50 sqm.,  and expiring on 15
September  1999.  The Company would like to have the new lease from 16 September
1999 to 31 December 2001, as detailed therein.

The  Airports  Authority  of  Thailand  (AAT) has  considered  the matter and is
pleased to renew the said Lease  Agreement as requested for a period of 2 years,
three months and 15 days - from 16 July 1999 to 31 December 2001. The Company is
requested  to proceed with  renewal of the Lease  Agreement  at Legal  Division,
Administrative  Department,  2nd Floor of AAT Head  Office  Building,  Vibhavadi
Rangsit Road, Tel. 535-1405 or 535-1815.

Please be informed accordingly.

                                                      Yours sincerely,

                              Wing Commander             - signed -
                                                     (Uthai Thaisanthad)
                             General Manager, Bangkok International Airport
                                                     For Managing Director

Bangkok International Airport Department
Tel.     535-1262
Fax      535-1065Airports Authority of Thailand

No. Tor.Or.Tor. 2911/2542

                                                                    14 June 1999

Re                Commencement of Agreement and Collection of Rents

To                Managing Director, King Power Duty Free Co., Ltd.

Reference         Letter of the Airports Authority of Thailand,
                  No. Tor.Or.Tor. 2105/2542 dated 4 May 1999

Enclosure         Two charts showing locations of the leased spaces

Pursuant to the referenced  letter, the Airports Authority of Thailand (AAT) has
leased out to King Power Duty Free Co., Ltd. for  installing  carts selling duty
free merchandize for additional six selling points in the departure  lounge,  on
the 3rd floor of the  International  Passengers  Terminal  1 and 2, the  Bangkok
International Airport, covering 3 sqm. per selling point, as detailed therein.

Now, the Company has installed  additional  carts selling duty free  merchandize
and made use of the new  spaces  since 1 June  1999.  AAT  would  like to inform
additional details as follows :

1.       Leased spaces are :

         1.1      Five selling points in the departure  lounge, on the 3rd Floor
                  of  the  International  Passengers  Terminal  1,  the  Bangkok
                  International  Airport,  according to the  attached  chart #1,
                  namely

                  1.1.1    Zone 3266 H, covering 5 sqm.
                  1.1.2    Zone 3266 J, covering 5 sqm.
                  1.1.3    Zone 3266 K, covering 5 sqm.
                  1.1.4    Zone 3266 L, covering 5 sqm.
                  1.1.5    Zone 3266 M, covering 5 sqm.

         1.2      Zone No. 3266 N in the departure  lounge, on the 3rd Floor of
                  the  International  Passengers  Terminal 2, the Bangkok
                  International Airport, covering 5 sqm., according to the
                  attached chart #2.

2.       The Company's representative (Mr. Sombat Dechapanichkun) has signed his
         name verifying the spaces and commencement  date of use on the attached
         charts  accordingly.  AAT would  like to  commence  the  agreement  and
         collect the rents, fees and taxes from 1 June 1999 onwards at the rates
         already notified to the Company.

<PAGE>

3.       The Company is requested to proceed with the Lease Agreement  at  Legal
         Division,  Administrative  Department, 2nd Floor  of  AAT Head   Office
         Building, Vibhavadi Rangsit Road, Tel. 535-1405 or 535-1815.

Please be informed accordingly.

                                                         Yours sincerely,

                                    Wing Commander            - signed -
                                                         (Uthai Thaisanthad)
                                  General Manager, Bangkok International Airport
                                                         For Managing Director

Bangkok International Airport Department
Tel.     535-1262
Fax      535-1065Airports Authority of Thailand

No. Tor.Or.Tor. 2483/2542

                                                                     25 May 1999

Re                Commencement of Agreement and Collection of Rents

To                Managing Director, King Power Duty Free Co., Ltd.

Reference         Letter of the Airports Authority of Thailand,
                  No. Tor.Or.Tor. 1720/2542 dated 9 April 1999

Enclosure         Two charts showing location of the leased spaces

Pursuant to the referenced  letter, the Airports Authority of Thailand (AAT) has
leased out to King Power Duty Free Co., Ltd. for  installing  carts selling duty
free  merchandize  in  the  departure  lounge  of the  International  Passengers
Terminal 1 and 2,  totalling  four selling  points,  covering 3 sqm. per selling
point, as detailed therein.

Now, the Company has installed the carts for selling duty free  merchandize  and
made  use of the  said  spaces  since 1 May  1999.  AAT  would  like  to  inform
additional details as follows :

1.       Leased spaces are :

         1.1      Two selling  points in the departure  lounge,  on 3rd Floor of
                  the  International  Passengers  Terminal 1,  according  to the
                  attached chart #1, namely

                  1.1.1    Zone 3266 D, covering 5 sqm.
                  1.1.2    Zone 3266 E, covering 5 sqm.

         1.2      Two selling  points in the departure  lounge,  on 3rd Floor of
                  the  International  Passengers  Terminal 2,  according  to the
                  attached chart #2, namely

                  1.2.1    Zone 3266 F, covering 5 sqm.
                  1.2.2    Zone 3266 G, covering 5 sqm.

2.       The Company's representative (Mr. Sombat Dechapanichkun) has signed his
         name  verifying  the  spaces  and  commencement  date of the use on the
         attached charts  accordingly.  AAT would like to commence the agreement
         and  collect the rents,  fees and taxes from 1 May 1999  onwards at the
         rates already notified to the Company.

3.       The Company is requested to proceed with the Lease Agreement at Legal
         Division, Administrative Department, 3rd Floor of AAT Head Office
         Building, Vibhavadi Rangsit Road, Tel. 535-1405 or 535-1815.

<PAGE>

Please be informed accordingly.

                                                     Yours sincerely,

                               Wing Commander            - signed -
                                                  (Uthai Thaisanthad)
                                  General Manager, Bangkok International Airport
                                                       For Managing Director

Bangkok International Airport Department
Tel.     535-1262

Fax      535-1065Airports Authority of Thailand

No. Tor.Or.Tor. 3020/2542

                                                                    18 June 1999

Re                Permission for Lease of Area for Loading/Unloading
                  Merchandize of Bonded Warehouse

To                Managing Director, King Power Duty Free Co., Ltd.

Reference         Your letter, No. Kor.Phor.Dor. 087/2542 dated 29 March 1999

Enclosure         One chart showing the leased area

Pursuant  to the  referenced  letter,  in which King  Power Duty Free Co.,  Ltd.
requested to lease an area for loading/unloading merchandize of Bonded Warehouse
on the northern side of the old catering building of Thai Airways  International
Public  Company  Limited,  on the  northern  side of the  Bangkok  International
Airport, as detailed therein.

The  Airports  Authority of  Thailand  (AAT) has  considered  the  matter and is
pleased to lease out the area as requested. The details are as follows :

1.       The leased area is on the northern side of the old catering building of
         Thai Airways International Public Company Limited, on the northern side
         of the Bangkok International Airport, designated Zone 245, covering 845
         sqm., for a period of one year, from 10 June 1999 to 9 June 2000.

2.       AAT will collect the rents under Item 1 and other charges from 10 June
         1999 onwards.

         2.1      Rent at Baht 85 (Eighty-Five Baht) per square metre per month

         2.2      Building  and land  taxes at 12.5  percent of the  monthly
                  rent.  A fraction of month is counted as one month.

3.       The Company is  requested to  proceed with the Lease Agreement at Legal
         Division,  Administrative  Department,  2nd  Floor  of AAT Head  Office
         Building, Vibhavadi Rangsit Road, Tel. 535-1405 or 535-1815.

<PAGE>

Please be informed accordingly.

                                                       Yours sincerely,

                               Wing Commander          - signed -
                                                     (Uthai Thaisanthad)
                                  General Manager, Bangkok International Airport
                                                      For Managing Director

Bangkok International Airport Department
Tel.     535-1262
Fax      535-1065

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}]]