2.5 Litigation

The significant litigation cases which are still in process between the
Company and its customers as of 31 December 2010 are reported as
follows:

+----------------------------------+-----------------------------------+
| Litigation Category / No. of     | Descriptions / Stage              |
| Litigant                         |                                   |
+----------------------------------+-----------------------------------+
| 1.  More than 5 per cent of      | 1. Mrs.Duangporn Oonsiri          |
|     shareholders’ equity as of   |                                   |
|     31 December, 2010 ( 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 / 9 | 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. 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.               |
|                                  |                                   |
|                                  | At present, the Company claimed   |
|                                  | over the debtor’s property from   |
|                                  | the Legal Execution Dept. on 16   |
|                                  | June 2009 and the case is in the  |
|                                  | process of asset gathering and    |
|                                  | waiting for sale in order to      |
|                                  | repay debt.                       |
|                                  |                                   |
|                                  | 2. Mr. Bunjerd Techa-intrawong    |
|                                  |                                   |
|                                  | 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 debt is being     |
|                                  | repaid by installment as          |
|                                  | prescribed in the negotiation     |
|                                  | agreement dated 26 March 2010.    |
|                                  |                                   |
|                                  | 3. Mr. Siriwut Dechbamrung        |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mr. Siriwut at 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. On 8 March     |
|                                  | 2010, in the absence of the       |
|                                  | debtor, the court sentenced the   |
|                                  | permanent receiving order in      |
|                                  | bankruptcy case Lor.774/2553 and  |
|                                  | the Company filed for debt        |
|                                  | repayment on 14 May 2010. At      |
|                                  | present, the filing form is under |
|                                  | investigation by the Official     |
|                                  | Receiver.                         |
|                                  |                                   |
|                                  | 4. Mr. Santi Mekloy               |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mr. Santi at 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 in the asset |
|                                  | investigation, judgment execution |
|                                  | and filing on bankruptcy case     |
|                                  | process.                          |
|                                  |                                   |
|                                  | 5. Liberty Insurance Co., Ltd.    |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Liberty Insurance Co.,    |
|                                  | Ltd. at Prakanong Provincial      |
|                                  | Court on 16 August 2010 on debt   |
|                                  | repayment of loan on bills of     |
|                                  | exchange with the capital amount  |
|                                  | of Baht 29,093,424 in Black       |
|                                  | Docket Case Number Por.1332/2553  |
|                                  | and the Court had read the        |
|                                  | judgment on 17 December 2010.     |
|                                  |                                   |
|                                  | At present, the case under the    |
|                                  | asset investigation and judgment  |
|                                  | execution process.                |
|                                  |                                   |
|                                  | 6. Mrs. Walle Pitak               |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mrs. Walle for debt       |
|                                  | repayment of securities loan at   |
|                                  | the Central Bankruptcy Court on   |
|                                  | 17 August 2010 in Red Docket Case |
|                                  | Number Lor.19222/2552 with the    |
|                                  | capital amount of Baht            |
|                                  | 44,463,628.78.                    |
|                                  |                                   |
|                                  | At present, the filing form is    |
|                                  | being investigated by the         |
|                                  | Official Receiver.                |
|                                  |                                   |
|                                  | 7. Mr. Somchai Tangprasittichok   |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Mr. Somchai for debt      |
|                                  | repayment of securities loan at   |
|                                  | Samutprakarn Provincial Court on  |
|                                  | 6 May 2009 in Black Docket Case   |
|                                  | Number PorBor.613/2552 with the   |
|                                  | capital amount of Baht            |
|                                  | 16,508,151.44. The court          |
|                                  | sentenced according to the Red    |
|                                  | Docket Case Number                |
|                                  | PorBor.1421/2552 on 30 September  |
|                                  | 2009.                             |
|                                  |                                   |
|                                  | At present, the case is being     |
|                                  | considered for the enforcement of |
|                                  | mortgage.                         |
|                                  |                                   |
|                                  | 8. World Gas (Thailand) Co., Ltd. |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against World Gas (Thailand) Co., |
|                                  | Ltd. at the Prakanong Provincial  |
|                                  | Court on 8 March 2010 for         |
|                                  | mortgage debt repayment with the  |
|                                  | capital amount of Baht            |
|                                  | 27,018,654.79 in Black Docket     |
|                                  | Case Number PorBor.1008/2553.     |
|                                  |                                   |
|                                  | At present, the case is in the    |
|                                  | temporary disposal status,        |
|                                  | waiting for the Court of First    |
|                                  | Instance’s judgment on primary    |
|                                  | debtor case.                      |
|                                  |                                   |
|                                  | 9. Pikul Gas Co., Ltd.            |
|                                  |                                   |
|                                  | The Company filed a complaint     |
|                                  | against Pikul Gas Co., Ltd. at    |
|                                  | Ratchaburi Provincial Court on 8  |
|                                  | March 2010 for mortgage debt      |
|                                  | repayment with the capital amount |
|                                  | of Baht 22,307,565.63 in Black    |
|                                  | Docket Case Number                |
|                                  | PorBor.104/2553 and the Court had |
|                                  | read the judgment on 29 March     |
|                                  | 2010 in Red Docket Case Number    |
|                                  | 108/2553.                         |
|                                  |                                   |
|                                  | At present, the case is in the    |
|                                  | process of asset investigation    |
|                                  | and notice issuance on pledge     |
|                                  | seizure.                          |
+----------------------------------+-----------------------------------+

+----------------------------------+-----------------------------------+
| 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. The Company       |
|                                  | submitted the notice of appeal on |
|                                  | 29 January 2010.                  |
|                                  |                                   |
|                                  | At present, the case is under the |
|                                  | Appeal Court process.             |
|                                  |                                   |
|                                  | 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 17  |
|                                  | November 2006. The Court, on 14   |
|                                  | August 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 7.5% per  |
|                                  | annum interest accrued from the   |
|                                  | prosecution date until the        |
|                                  | payment date. The Company lodged  |
|                                  | the appeal to the Supreme Court   |
|                                  | since 27 November 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 with the     |
|                                  | capital amount is Baht            |
|                                  | 34,839,604.93. The Company has    |
|                                  | already filed a counterclaim to   |
|                                  | the debt and loan for securities  |
|                                  | with Baht 19,413,521.86 capital.  |
|                                  | On 17 February 2011, the Civil    |
|                                  | Court sentenced the Company       |
|                                  | (Defendant #1) to pay Baht        |
|                                  | 34,829,604.93 with 7.5 per annum  |
|                                  | interest, dismissed Defendant#2,  |
|                                  | and raised a counterclaim of      |
|                                  | Defendant#1.                      |
|                                  |                                   |
|                                  | At present, the case is under the |
|                                  | appeal process.                   |
+----------------------------------+-----------------------------------+