ASSETS

FIXED ASSETS

1.  As of 31^(st) December 2008, fixed assets were as follows:

2.  

  (Unit: THB Thousand)

  ------------------------- -------------- --------------- ---------------
  Description               Net Book Value Property Rights Commitment

  1.Office Equipment        12,172         Owner           None

  2. Vehicles               1,120          Leasing         Leasing
                                                           commitment

  3.Leasehold improvement   8,509          Owner           None

  4.Furniture and fixtures  4,931          Owner           None

  Total                     26,732                         
  ------------------------- -------------- --------------- ---------------

3.  

4.  

5.  

6.  BUSINESS CONTRACTS

+---------------------+---------------------+-------------------------+
| Contracting Party   | Contract            | Provision of the        |
|                     |                     | Contract and            |
|                     |                     | Transaction Amount      |
+---------------------+---------------------+-------------------------+
| 1. Mhemmanit        | Land lease for 30   | Lease of land NS3. Gor  |
| Karnroumkah Limited | years               | no. 2053 and NS3. no.   |
| Partnership         |                     | 94, in Tambol Taling    |
|                     |                     | Ngam, Aumphur Koh       |
| 2.  Mrs. Chayabul   |                     | Samui, Suratthani       |
|     Petchprom       |                     | Province; total area is |
|                     |                     | 22 rai 20 square wah;   |
|                     |                     | land lease amount is    |
|                     |                     | Baht 80,000,000 divided |
|                     |                     | into (no. of ) equal    |
|                     |                     | installments.           |
+---------------------+---------------------+-------------------------+
| Mrs. Sakorn         | Land lease for 26   | Lease of land Title     |
| Muangprom           | years 6 months      | Deed no. 4548 in Tambol |
|                     |                     | Meanam, Aumhpur         |
|                     |                     | Koh-Samui, Suratthani   |
|                     |                     | Province; total area is |
|                     |                     | 3 rai and 31 square     |
|                     |                     | wah; land lease amount  |
|                     |                     | is Baht 10,152,000      |
|                     |                     | divided into equal      |
|                     |                     | installments.           |
+---------------------+---------------------+-------------------------+
| TOT Public Company  | Content Provider    | The annual service fee  |
| Limited             | Service Agreement   | is Baht 1,000,000.      |
|                     |                     |                         |
|                     |                     | Extension of contract   |
|                     |                     | is subject to renewal   |
+---------------------+---------------------+-------------------------+
| Acme Mobile PTE LTD | Create and power an | Two (2) years,          |
|                     | EC branded WAP site | commencing on 23 April, |
|                     | (wap.siam2you.com)  | 2008                    |
|                     | and the mobile      |                         |
|                     | application content |                         |
|                     | portion of the      |                         |
|                     | EC-branded web site |                         |
|                     | (sms.siam2you.com)  |                         |
|                     | in Thailand. Track  |                         |
|                     | and bill the        |                         |
|                     | appropriate mobile  |                         |
|                     | operators for the   |                         |
|                     | Customer’s purchase |                         |
|                     | and billing         |                         |
|                     | summaries of all    |                         |
|                     | transactions.       |                         |
+---------------------+---------------------+-------------------------+
| Total Communication | This agreement      | To allot income in      |
| Public Company      | establishes the     | accordance with the     |
| Limited             | terms and           | details provided        |
|                     | conditions under    | through to the mobile   |
|                     | which DTAC allows   | user. The service fee   |
|                     | EC to connect its   | is specified in the     |
|                     | network to the CPA. | attachment to the       |
|                     |                     | agreement.              |
+---------------------+---------------------+-------------------------+
| True Move Public    | Content Provider    | To allot income in      |
| Company Limited     | Service Agreement   | accordance with the     |
|                     |                     | details provided        |
|                     |                     | through to the mobile   |
|                     |                     | user. The service fee   |
|                     |                     | is specified in the     |
|                     |                     | attachment to the       |
|                     |                     | agreement. In case      |
|                     |                     | there is no             |
|                     |                     | notification to         |
|                     |                     | terminate this          |
|                     |                     | agreement, the          |
|                     |                     | agreement shall be      |
|                     |                     | automatically renewed   |
|                     |                     | for another year        |
|                     |                     | onwards.                |
+---------------------+---------------------+-------------------------+
| Advance Info        | Content Provider    | To allot income in      |
| Service Public      | Service Agreement   | accordance with the     |
| Company Limited     |                     | voice data provided     |
|                     |                     | through to the mobile   |
|                     |                     | user. In case there is  |
|                     |                     | no notification letter  |
|                     |                     | to terminate this       |
|                     |                     | agreement in writing,   |
|                     |                     | the agreement shall be  |
|                     |                     | automatically renewed   |
|                     |                     | for another year        |
|                     |                     | onwards.                |
+---------------------+---------------------+-------------------------+
| Centralworld Tower  | Office Lease Space  | 3-year Office Lease for |
| Public Company      |                     | 666.88 square metres    |
| Limited             |                     | commencing 3 July 2007; |
|                     |                     | rental per square metre |
|                     |                     | is Baht 312.            |
+---------------------+---------------------+-------------------------+
| Centralworld Tower  | Service on Office   | The service on the      |
| Public Company      | Lease Space         | office lease space for  |
| Limited             |                     | 3-year in total 666.88  |
|                     |                     | Square metres           |
|                     |                     | commencing 3 July 2007; |
|                     |                     | the service fee is per  |
|                     |                     | square metre is Baht    |
|                     |                     | 468.                    |
+---------------------+---------------------+-------------------------+