ASSETS

FIXED ASSETS

1.  As of 31 December 2010, fixed assets were as follows:

2.  

  (Unit: THB Thousand)

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

  1. Office Equipment      10,368         Owner           None

  2. Vehicles              497            Owner           None

  3. Leasehold             4,513          Owner           None
  improvements                                            

  4. Furniture and         3,052          Owner           None
  fixtures                                                

  Total                    18,430                         
  ------------------------ -------------- --------------- ---------------

3.  

4.  

5.  BUSINESS CONTRACTS

+------------------+--------------------+-----------------------------+
| Contracting      | Contract           | Provision of the Contract   |
| Party            |                    | and Transaction Amount      |
+------------------+--------------------+-----------------------------+
| United Overseas  | Loan Agreement     | Loan amount: THB 60,000,000 |
| Bank (Thai)      |                    |                             |
| Public Company   |                    | Interest rate: MLR minus 1% |
| Limited          |                    | per annum                   |
|                  |                    |                             |
|                  |                    | Tenor: Repaid within 31     |
|                  |                    | December 2011               |
+------------------+--------------------+-----------------------------+
| 1. Mhemmanit     | Land lease for 30  | Lease of land NS3. Gor no.  |
| Karnroumkah      | years              | 2053 and NS3. no. 94, in    |
| Limited          |                    | Tambol Taling Ngam, Aumphur |
| Partnership      |                    | Koh Samui, Suratthani       |
|                  |                    | Province; total area is 22  |
| 2.  Mrs.         |                    | rai 20 square wah; land     |
|     Chayabul     |                    | lease amount is THB         |
|     Petchprom    |                    | 80,000,000.                 |
+------------------+--------------------+-----------------------------+
| Mrs. Sakorn      | Land lease for 23  | Lease of land Title Deed    |
| Muangprom        | years 6 months     | no. 4548 in Tambol Meanam,  |
|                  |                    | Aumhpur Koh-Samui,          |
|                  |                    | Suratthani Province; total  |
|                  |                    | area is 3 rai and 31 square |
|                  |                    | wah; land lease amount is   |
|                  |                    | THB 10,152,000 divided into |
|                  |                    | equal installments.         |
+------------------+--------------------+-----------------------------+
| Centralworld     | Office Lease Space | 3-year Office Lease for     |
| Tower Public     |                    | 800.06 square metres        |
| Company Limited  |                    | commencing 3 July 2008;     |
|                  |                    | rental per square metre is  |
|                  |                    | THB 312.                    |
+------------------+--------------------+-----------------------------+
| Centralworld     | Service on Office  | The service on the office   |
| Tower Public     | Lease Space        | lease space for 3-year in   |
| Company Limited  |                    | total 800.06 Square metres  |
|                  |                    | commencing 3 July 2008; the |
|                  |                    | service fee is per square   |
|                  |                    | metre is THB 468.           |
+------------------+--------------------+-----------------------------+