2.7 Litigation

The significant litigation cases which are still in process between the
Company and its customers as of 31 December 2009 are reported as
follows:

+----------------------------------+-----------------------------------+
| Litigation Category / No. of     | Descriptions / Stage              |
| Litigant                         |                                   |
+----------------------------------+-----------------------------------+
| 1.  More than 5 per cent of      | Mrs.Duangporn Oonsiri             |
|     shareholders’ equity as of   |                                   |
|     31 December, 2008 ( means    | The Company filed a complaint     |
|     the case with capital amount | against Mrs. Duangporn as a       |
|     exceeds 52 million baht) / 1 | bankruptcy case at the Central    |
|     case                         | Bankruptcy Court in Black Docket  |
|                                  | Case Number 157/2544 on 5 March   |
|                                  | 2001. The debt in question was a  |
|                                  | loan she had borrowed to buy the  |
|                                  | stocks. The total claim amount    |
|                                  | including the interest was Baht   |
|                                  | 118,657,596.09. On 11 January     |
|                                  | 2002, the Court declared the      |
|                                  | client bankrupt in Red Docket     |
|                                  | Case No. 390/2544.                |
|                                  |                                   |
|                                  | At present, the case is being     |
|                                  | closed since the Official         |
|                                  | Receiver has asked the Court to   |
|                                  | issue an order to temporarily     |
|                                  | close the case.                   |
+----------------------------------+-----------------------------------+
| 2. More than 10 million baht / 4 | 1. Sahaviriya City Public Company |
| cases                            | Limited                           |
|                                  |                                   |
|                                  | On 3 December 2001, the Company   |
|                                  | applied for debt repayment in its |
|                                  | debt-restructuring case under Red |
|                                  | Docket Case No. 992/2544 to which |
|                                  | the Court had issued an order to  |
|                                  | rehabilitate the business on 26   |
|                                  | October 2001. The case involved   |
|                                  | debts incurred from debentures    |
|                                  | worth Baht 27,117,203.29 (divided |
|                                  | into a principal of Baht 18       |
|                                  | million and interest up to the    |
|                                  | day the Court issued a            |
|                                  | rehabilitation order worth Baht   |
|                                  | 9,117.203.29). On 30 August 2002, |
|                                  | the Court approved the            |
|                                  | rehabilitation plan and appointed |
|                                  | Churchill Prize Planner Co., Ltd  |
|                                  | as the plan administrator.        |
|                                  |                                   |
|                                  | At present, the Court sentenced   |
|                                  | the debtor an absolute receiving  |
|                                  | order on 20 November 2007 as the  |
|                                  | plan was unsuccessful and the     |
|                                  | period of the plan has ended so   |
|                                  | the Company claimed over the      |
|                                  | debtor’s property from the Legal  |
|                                  | Execution Dept.                   |
|                                  |                                   |
|                                  | 2. Mr. Bunjerd Techa-intrawong    |
|                                  | (1^(st)defendant) and World Gas   |
|                                  | (Thailand) Co., Ltd.              |
|                                  | (2^(nd)defendant)                 |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mr. Bunjerd at the Civil  |
|                                  | Court on 20 October 2009 on debt  |
|                                  | repayment of securities loan and  |
|                                  | on mortgage enforcement with the  |
|                                  | capital amount of Baht            |
|                                  | 19,413,521.86 in Black Docket     |
|                                  | Case Number PorBor.4179/2552.     |
|                                  |                                   |
|                                  | At present, the case is under the |
|                                  | Civil Court process. The          |
|                                  | appointment for negotiation date  |
|                                  | is 16 March 2010 and the evidence |
|                                  | testimonial date is 26 March      |
|                                  | 2010.                             |
|                                  |                                   |
|                                  | 3. Mr. Siriwut Dechbamrung        |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mr. Siriwut at the        |
|                                  | Minburi Provincial Court on 26    |
|                                  | October 2009 on debt repayment of |
|                                  | securities loan with the capital  |
|                                  | amount of Baht 18,599,039.85 in   |
|                                  | Black Docket Case Number          |
|                                  | PorBor.11402/2552.                |
|                                  |                                   |
|                                  | At present, the case is under the |
|                                  | Minburi Provincial Court process. |
|                                  | The next court date is 8 March    |
|                                  | 2010.                             |
|                                  |                                   |
|                                  | 4. Mr. Santi Mekloy               |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mr. Santi at the          |
|                                  | Prakanong Provincial Court on 2   |
|                                  | November 2009 on debt repayment   |
|                                  | of securities loan with the       |
|                                  | capital amount of Baht            |
|                                  | 13,228,223.03 in Black Docket     |
|                                  | Case Number PorBor.6455/2552 and  |
|                                  | the Court had read the judgment   |
|                                  | on 30 November 2009.              |
|                                  |                                   |
|                                  | At present, the case under the    |
|                                  | asset investigation and the       |
|                                  | judgment execution process.       |
+----------------------------------+-----------------------------------+
| 3. United Securities was the     | 1. Mr. Supachai Chitvisuthipong   |
| defendant / 3 cases              |                                   |
|                                  | Mr. Supachai filed a complaint    |
|                                  | against the Company at the Civil  |
|                                  | Court on 17 September 2001 as     |
|                                  | 2^(nd) defendant for being        |
|                                  | accountable for its employee who  |
|                                  | had transferred the customer’s    |
|                                  | shares to other person without    |
|                                  | consent. The capital amount is    |
|                                  | Baht 3,301,317.                   |
|                                  |                                   |
|                                  | At present, the case is being     |
|                                  | considered for Dika Appeal.       |
|                                  |                                   |
|                                  | 2. Mrs. Saranporn or Sarankorn    |
|                                  | Promwan                           |
|                                  |                                   |
|                                  | Mrs. Saranporn, the Company’s     |
|                                  | former employee, filed a          |
|                                  | complaint against the Company     |
|                                  | claiming compensation for unjust  |
|                                  | termination of Baht 13,358,427.47 |
|                                  | at the Central Labor Court on Nov |
|                                  | 17, 2006. The Court, on Aug 14,   |
|                                  | 2007, had read the judgment,      |
|                                  | being Red Case No. 4176/2007,     |
|                                  | ordering the Company to pay her   |
|                                  | in the sum of Baht 4,000,000      |
|                                  | together with interest rate of    |
|                                  | 7.5% per annum accruing from the  |
|                                  | prosecution date until the        |
|                                  | payment date. The Company lodged  |
|                                  | the appeal to the Supreme Court   |
|                                  | since Nov 27, 2007.               |
|                                  |                                   |
|                                  | At present, the case is under the |
|                                  | Supreme Court process.            |
|                                  |                                   |
|                                  | 3. Mrs. Wimolrat Kuldilok         |
|                                  |                                   |
|                                  | Mrs. Wimolrat filed a complaint   |
|                                  | against the Company at the Civil  |
|                                  | Court on 7 April 2009 in Black    |
|                                  | Docket Case Number                |
|                                  | PorBor.1360/2552 for breaching of |
|                                  | the Agency Agreement. The capital |
|                                  | amount is Baht 19,413,521.86.     |
|                                  |                                   |
|                                  | At present, the case is under the |
|                                  | Civil Court process. The next     |
|                                  | court date is 13-16 July 2010.    |
+----------------------------------+-----------------------------------+