5. Assets used in operations

5.1 Property, Plant and Equipment

Land, Buildings and improvements, and leasehold building improvements
are possessed by the Company and its subsidiaries. The Company has many
branches all over the country. Furniture, fixtures and office equipment
compose of tools and equipment, hardware, computer software and value
added service equipment for mobile phone service.

As at 31 December 2012, Property, Plant and Equipment of the Company and
its subsidiaries are as follows:

Million Baht

  ^(1/) Leasehold building improvements is expense for improvement
  service office

  The Company and its subsidiaries include the financial leases value
  Baht 162.47 million in furniture, fixtures and office equipment,
  tools, equipments and vehicles.

  As at the end of December 2012, the Company and its subsidiaries rent
  office spaces to run the business as follows:

  1. The Company rents office space from SC Asset Corporation totaling
  of 15,585 square metres at 414 Intouch Tower, Phaholyothin Road,
  Phayathai, Bangkok. The rental agreement is done every 3 years, and
  the current contract has started from 1 January 2011 to 31 December
  2013, and the Company pays rental fee of Baht 6,864,385 a month and
  the contract will be automatically continued after the end of the
  contract except that the Company will cancel the contract 30 days
  prior to the end of the contract date. At present, the contract has
  been continued for more than 10 years.

  2. The Company and its subsidiaries rent office space from SC Asset
  Corporation totaling of 14,944 square metres at 1291/1 AIS Tower,
  Phaholyothin Road, Phayathai, Bangkok. The rental agreement is done
  every 3 years, and the current contract has started from 1 January
  2011 to 31 December 2013, and the Company and its subsidiaries pay
  rental fee of Baht 7,057,520 a month and the contract will be
  automatically continued after the end of the contract except that the
  Company and its subsidiaries will notify to cancel the contract 30
  days prior to the end of the contract date. At present, the Company
  and its subsidiaries have been in the contract for 10 years.

  3. The Company and its subsidiaries rent office space from SC Asset
  Corporation totaling of 67 square metres at 1010 Shinawatra Tower 3,
  Vibhavadi-Rangsit Road, Chatuchak, Bangkok. The rental agreement is
  done every 3 years, and the existing contract will be end on 14
  October 2015, and the Company and its subsidiaries pay rental fee of
  Baht 13,147 a month and the contract will be automatically continued
  after the end of the contract except that the Company and its
  subsidiaries will notify to cancel the contract 30 days prior to the
  end of the contract date.

  4. The Company and its subsidiaries rent office space from ESV Asset
  Co., Ltd., totaling of 8,375 square metres at 1, 1293/9 ESV Tower,
  Phaholyothin 9, Phayathai, Bangkok. The existing contract will be end
  on 28 February 2013, and the Company and its subsidiaries pay rental
  fee of Baht 2,919,300 a month. The contract will be continued when the
  company and its subsidiaries notify to extend the contract six month
  prior to the end of the contract date .

  5. The Company and its subsidiaries rent office space from Phahol 8
  Company Ltd., Siam Real Estate Development Co., Ltd., B.B.D.
  Development Co.,Ltd., BB Suzuki Auto Co.,Ltd., Nathawut and Karn
  Co.,Ltd., Solar lunar Co.,Ltd., Pantip Network Co.,Ltd., TOT Public
  Company Limited , Allianz Ayudhya Assurance Plc, Pathlab (Thailand)
  Ltd., Miss.Sandra Thaibunchakit, Mr. Chiraruk Chamlongsupalak.
  totaling of 22,053 square metres at 408 Phaholyothin Place, Phayathai,
  Bangkok. The contract is done separately by each floor. The current
  contract is end on 31 December 2014 and the Company and its
  subsidiaries pay rental fee of Baht 7,201,997 a month. The contract
  will be continued when the Company and its subsidiaries notify to
  extend the contract 30 days or 60 days prior to the end of the
  contract date, depending on each contract.

  6. The Company and its subsidiaries rent office space from Three Pals
  Co., Ltd. totaling of 4,178 square metres at 404 Phaholyothin Center,
  Phaholyothin Road, Phayathai, Bangkok. The current contract is end on
  31 December 2014 and the Company and its subsidiaries pay rental fee
  of Baht 1,110,696 a month. The contract will be continued when the
  company and its subsidiaries notify to extend the contract 30 days or
  60 days prior to the end of the contract date, depending on each
  contract.

  7. The Company rents some spaces for branch offices totaling of 13,920
  square metres at Chiang Mai, Surat Thani, Nakhon Sawan, Nakhon
  Ratchasima, Nakhon Pathom, Phitsanulok, Hadyai, Chon Buri, Ayutthaya,
  Rayong, Phuket, Udon Thani, Khon Kaen and Bangkok The contract is done
  separately by each province and the rental fee total of Baht
  14,675,731 a month.

5.2 The Cellular Mobile Telephone Service Agreement and the
Telecommunication Business License

Investment costs of the cellular network of the Company and its
subsidiaries are the main items under the Agreement and have to be
transferred to the Agreement’s grantor. The Company and its subsidiaries
have the rights to operate assets under the Agreement as long as the end
of the contract date. The Agreement of the Company and its subsidiaries
is made with TOT and CAT, so the Company and its subsidiaries have the
rights to run the business under the Agreement. Assets under the
Agreement as at 31 December 2012 as follows:

+--------------------+-----------+----------------+-------+-----------+
| Asset type         | Cost      | Useful Life of | Year  | Net book  |
|                    |           | Amortization   | to be | value     |
|                    | (Million  |                | amor  |           |
|                    | Baht)     |                | tized | (Million  |
|                    |           |                |       | Baht)     |
+--------------------+-----------+----------------+-------+-----------+
| Capital Investment |           |                |       |           |
| of the Company     |           |                |       |           |
+--------------------+-----------+----------------+-------+-----------+
| Digital Network    | 1         | 10 years not   | 1 -   | 15,959.70 |
| Equipment - GSM    | 08,658.02 | over 2015      | 10    |           |
+--------------------+-----------+----------------+-------+-----------+
| Analogue Network   | 13,735.31 | End of         | 1 -   | -         |
| Equipment - NMT    |           | September 2002 | 10    |           |
+--------------------+-----------+----------------+-------+-----------+
| Transmission       | 23,374.05 | 10 years not   | 1 -   | 1,549.15  |
| Equipment          |           | over 2015      | 10    |           |
+--------------------+-----------+----------------+-------+-----------+
| Others             | 34,882.12 | 10 years not   | 1 -   | 10,949.83 |
|                    |           | over 2015      | 10    |           |
+--------------------+-----------+----------------+-------+-----------+
| Capital Investment |           |                |       |           |
| of ADC             |           |                |       |           |
+--------------------+-----------+----------------+-------+-----------+
| Tools and          | 1,547.30  | 10 years       | 1 -   | 9.75      |
| Equipment          |           |                | 10    |           |
+--------------------+-----------+----------------+-------+-----------+
| Total              | 1         |                |       | 28,468.43 |
|                    | 82,196.80 |                |       |           |
+--------------------+-----------+----------------+-------+-----------+
| Capital Investment |           |                |       |           |
| of DPC             |           |                |       |           |
+--------------------+-----------+----------------+-------+-----------+
| Digital Network    | 14,236.05 | 10 years not   | 1 - 9 | 688.39    |
| Equipment – GSM    |           | over 2013      |       |           |
| and Transmission   |           |                |       |           |
| equipment          |           |                |       |           |
+--------------------+-----------+----------------+-------+-----------+
| Total Capital      | 1         |                |       | 29,156.82 |
| Investment of the  | 96,432.85 |                |       |           |
| company and its    |           |                |       |           |
| subsidiaries       |           |                |       |           |
+--------------------+-----------+----------------+-------+-----------+

Main agreements and licenses of the Company and its subsidiaries are as
follows

1. Advanced Info Service Public Company Limited (AIS)

  The Cellular Mobile Telephone Service Agreement

+---------+---+---+---+-------------+------------------+-------------------+
| Ag      |   |   | : | The         |                  |                   |
| reement |   |   |   | Cellular    |                  |                   |
|         |   |   |   | Mobile      |                  |                   |
|         |   |   |   | Telephone   |                  |                   |
|         |   |   |   | Service     |                  |                   |
|         |   |   |   | Agreement   |                  |                   |
|         |   |   |   | (the        |                  |                   |
|         |   |   |   | “           |                  |                   |
|         |   |   |   | Agreement”) |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Parties |   |   | : | The         |                  |                   |
|         |   |   |   | Telephone   |                  |                   |
|         |   |   |   | O           |                  |                   |
|         |   |   |   | rganization |                  |                   |
|         |   |   |   | of Thailand |                  |                   |
|         |   |   |   | (TOT)       |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | Advanced    |                  |                   |
|         |   |   |   | Info        |                  |                   |
|         |   |   |   | Service     |                  |                   |
|         |   |   |   | Public      |                  |                   |
|         |   |   |   | Company     |                  |                   |
|         |   |   |   | Limited     |                  |                   |
|         |   |   |   | (AIS)       |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Date of |   |   | : | 27 March    |                  |                   |
| Ag      |   |   |   | 1990        |                  |                   |
| reement |   |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Period  |   |   | : | 25 years (1 |                  |                   |
| of      |   |   |   | October     |                  |                   |
| Ag      |   |   |   | 1990 - 30   |                  |                   |
| reement |   |   |   | September   |                  |                   |
|         |   |   |   | 2015)       |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Service |   |   | : | 1. AIS has  |                  |                   |
| under   |   |   |   | been        |                  |                   |
| the     |   |   |   | granted BTO |                  |                   |
| Ag      |   |   |   | Agreement   |                  |                   |
| reement |   |   |   | to operate  |                  |                   |
|         |   |   |   | a           |                  |                   |
|         |   |   |   | nationwide  |                  |                   |
|         |   |   |   | NMT and     |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | GSM 900 MHz |                  |                   |
|         |   |   |   | cellular    |                  |                   |
|         |   |   |   | network and |                  |                   |
|         |   |   |   | has agreed  |                  |                   |
|         |   |   |   | to share    |                  |                   |
|         |   |   |   | the benefit |                  |                   |
|         |   |   |   | to TOT at   |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | the         |                  |                   |
|         |   |   |   | Agreement   |                  |                   |
|         |   |   |   | rate.       |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | 2. AIS has  |                  |                   |
|         |   |   |   | been        |                  |                   |
|         |   |   |   | granted     |                  |                   |
|         |   |   |   | from TOT to |                  |                   |
|         |   |   |   | manage to   |                  |                   |
|         |   |   |   | get the     |                  |                   |
|         |   |   |   | benefit     |                  |                   |
|         |   |   |   | from the    |                  |                   |
|         |   |   |   | network     |                  |                   |
|         |   |   |   | equipment   |                  |                   |
|         |   |   |   | t           |                  |                   |
|         |   |   |   | ransmission |                  |                   |
|         |   |   |   | and media   |                  |                   |
|         |   |   |   | network and |                  |                   |
|         |   |   |   | share the   |                  |                   |
|         |   |   |   | benefit to  |                  |                   |
|         |   |   |   | TOT at the  |                  |                   |
|         |   |   |   | Agreement   |                  |                   |
|         |   |   |   | rate.       |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   |   3. AIS    |                  |                   |
|         |   |   |   |   has been  |                  |                   |
|         |   |   |   |   granted   |                  |                   |
|         |   |   |   |   to        |                  |                   |
|         |   |   |   |   operate   |                  |                   |
|         |   |   |   |   prepaid   |                  |                   |
|         |   |   |   |   service   |                  |                   |
|         |   |   |   |   from TOT  |                  |                   |
|         |   |   |   |   and has   |                  |                   |
|         |   |   |   |   agreed    |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | to share a  |                  |                   |
|         |   |   |   | total of    |                  |                   |
|         |   |   |   | 20%         |                  |                   |
|         |   |   |   | (Including  |                  |                   |
|         |   |   |   | VAT) of its |                  |                   |
|         |   |   |   | prepaid     |                  |                   |
|         |   |   |   | revenue to  |                  |                   |
|         |   |   |   | TOT.        |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Op      |   |   | : | AIS agrees  |                  |                   |
| eration |   |   |   | to operate  |                  |                   |
| and     |   |   |   | as follows: |                  |                   |
| P       |   |   |   |             |                  |                   |
| lanning |   |   |   | 1) invest   |                  |                   |
|         |   |   |   | in premise, |                  |                   |
|         |   |   |   | tool, all   |                  |                   |
|         |   |   |   | of          |                  |                   |
|         |   |   |   | equipment   |                  |                   |
|         |   |   |   | of Cellular |                  |                   |
|         |   |   |   | 900         |                  |                   |
|         |   |   |   | (switching, |                  |                   |
|         |   |   |   | base        |                  |                   |
|         |   |   |   | station and |                  |                   |
|         |   |   |   | tr          |                  |                   |
|         |   |   |   | ansmission) |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | 2) invest   |                  |                   |
|         |   |   |   | in spare    |                  |                   |
|         |   |   |   | parts as    |                  |                   |
|         |   |   |   | well as     |                  |                   |
|         |   |   |   | necessary   |                  |                   |
|         |   |   |   | equipment   |                  |                   |
|         |   |   |   | in          |                  |                   |
|         |   |   |   | Operation   |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Fr      |   |   | : | TOT has to  |                  |                   |
| equency |   |   |   | provide the |                  |                   |
| all     |   |   |   | frequency   |                  |                   |
| ocation |   |   |   | 897.5 -     |                  |                   |
|         |   |   |   | 915MHz and  |                  |                   |
|         |   |   |   | 942.5 -     |                  |                   |
|         |   |   |   | 960MHz to   |                  |                   |
|         |   |   |   | AIS to use  |                  |                   |
|         |   |   |   | in Cellular |                  |                   |
|         |   |   |   | 900.        |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Asset   |   |   | : | When the    |                  |                   |
| T       |   |   |   | i           |                  |                   |
| ransfer |   |   |   | nstallation |                  |                   |
|         |   |   |   | has been    |                  |                   |
|         |   |   |   | completed,  |                  |                   |
|         |   |   |   | AIS shall   |                  |                   |
|         |   |   |   | transfer    |                  |                   |
|         |   |   |   | asset,      |                  |                   |
|         |   |   |   | spare       |                  |                   |
|         |   |   |   | parts,      |                  |                   |
|         |   |   |   | tools and   |                  |                   |
|         |   |   |   | equipment   |                  |                   |
|         |   |   |   | to TOT’s    |                  |                   |
|         |   |   |   | ownership.  |                  |                   |
|         |   |   |   | TOT has     |                  |                   |
|         |   |   |   | consent AIS |                  |                   |
|         |   |   |   | to possess  |                  |                   |
|         |   |   |   | and exploit |                  |                   |
|         |   |   |   | the         |                  |                   |
|         |   |   |   | mentioned   |                  |                   |
|         |   |   |   | asset for   |                  |                   |
|         |   |   |   | all of the  |                  |                   |
|         |   |   |   | term of     |                  |                   |
|         |   |   |   | Agreement   |                  |                   |
|         |   |   |   | and subject |                  |                   |
|         |   |   |   | to the then |                  |                   |
|         |   |   |   | Agreement.  |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| In      |   |   | : | AIS shall   |                  |                   |
| surance |   |   |   | have the    |                  |                   |
|         |   |   |   | asset       |                  |                   |
|         |   |   |   | insured     |                  |                   |
|         |   |   |   | against all |                  |                   |
|         |   |   |   | risk policy |                  |                   |
|         |   |   |   | in full     |                  |                   |
|         |   |   |   | value of    |                  |                   |
|         |   |   |   | asset       |                  |                   |
|         |   |   |   | during the  |                  |                   |
|         |   |   |   | term period |                  |                   |
|         |   |   |   | of the      |                  |                   |
|         |   |   |   | Agreement.  |                  |                   |
|         |   |   |   | In the      |                  |                   |
|         |   |   |   | event that  |                  |                   |
|         |   |   |   | the         |                  |                   |
|         |   |   |   | insurance   |                  |                   |
|         |   |   |   | policy      |                  |                   |
|         |   |   |   |             |                  |                   |
|         |   |   |   | shall       |                  |                   |
|         |   |   |   | expire      |                  |                   |
|         |   |   |   | prior to    |                  |                   |
|         |   |   |   | the ending  |                  |                   |
|         |   |   |   | date of the |                  |                   |
|         |   |   |   | Agreement,  |                  |                   |
|         |   |   |   | AIS shall   |                  |                   |
|         |   |   |   | have it     |                  |                   |
|         |   |   |   | renewed,    |                  |                   |
|         |   |   |   | and submit  |                  |                   |
|         |   |   |   | to TOT      |                  |                   |
|         |   |   |   | within 30   |                  |                   |
|         |   |   |   | days of the |                  |                   |
|         |   |   |   | insured     |                  |                   |
|         |   |   |   | date.       |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| B       |   |   | : | AIS agrees  |                  |                   |
| enefits |   |   |   | to pay      |                  |                   |
|         |   |   |   | r           |                  |                   |
|         |   |   |   | emuneration |                  |                   |
|         |   |   |   | to TOT at   |                  |                   |
|         |   |   |   | the         |                  |                   |
|         |   |   |   | percentage  |                  |                   |
|         |   |   |   | of service  |                  |                   |
|         |   |   |   | revenue and |                  |                   |
|         |   |   |   | other       |                  |                   |
|         |   |   |   | benefits    |                  |                   |
|         |   |   |   | before      |                  |                   |
|         |   |   |   | deducting   |                  |                   |
|         |   |   |   | the expense |                  |                   |
|         |   |   |   | and tax.    |                  |                   |
|         |   |   |   | The         |                  |                   |
|         |   |   |   | mentioned   |                  |                   |
|         |   |   |   | r           |                  |                   |
|         |   |   |   | emuneration |                  |                   |
|         |   |   |   | shall not   |                  |                   |
|         |   |   |   | less than   |                  |                   |
|         |   |   |   | the minimum |                  |                   |
|         |   |   |   | amount      |                  |                   |
|         |   |   |   | specified   |                  |                   |
|         |   |   |   | in the      |                  |                   |
|         |   |   |   | Agreement.  |                  |                   |
|         |   |   |   | The details |                  |                   |
|         |   |   |   | of          |                  |                   |
|         |   |   |   | percentages |                  |                   |
|         |   |   |   | of revenue  |                  |                   |
|         |   |   |   | and minimum |                  |                   |
|         |   |   |   | revenue are |                  |                   |
|         |   |   |   | shown in    |                  |                   |
|         |   |   |   | the table   |                  |                   |
|         |   |   |   | below;      |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
|         |   |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| Year    | P |   |   |             | Minimum          | Term revenue      |
|         | e |   |   |             | revenue(Baht)    |                   |
|         | r |   |   |             |                  |                   |
|         | c |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | n |   |   |             |                  |                   |
|         | t |   |   |             |                  |                   |
|         | o |   |   |             |                  |                   |
|         | f |   |   |             |                  |                   |
|         | s |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | r |   |   |             |                  |                   |
|         | v |   |   |             |                  |                   |
|         | i |   |   |             |                  |                   |
|         | c |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | r |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | v |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | n |   |   |             |                  |                   |
|         | u |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | b |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | f |   |   |             |                  |                   |
|         | o |   |   |             |                  |                   |
|         | r |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | d |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | d |   |   |             |                  |                   |
|         | u |   |   |             |                  |                   |
|         | c |   |   |             |                  |                   |
|         | t |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | x |   |   |             |                  |                   |
|         | p |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | n |   |   |             |                  |                   |
|         | s |   |   |             |                  |                   |
|         | e |   |   |             |                  |                   |
|         | & |   |   |             |                  |                   |
|         | t |   |   |             |                  |                   |
|         | a |   |   |             |                  |                   |
|         | x |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 1       | 1 |   |   |             | 12,960,000       | Oct 90 – Sep 91   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 2       | 1 |   |   |             | 34,560,000       | Oct 91 - Sep 92   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 3       | 1 |   |   |             | 60,480,000       | Oct 92 - Sep 93   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 4       | 1 |   |   |             | 103,680,000      | Oct 93 - Sep 94   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 5       | 1 |   |   |             | 146,880,000      | Oct 94 - Sep 95   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 6       | 2 |   |   |             | 253,440,000      | Oct 95 - Sep 96   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 7       | 2 |   |   |             | 311,040,000      | Oct 96 - Sep 97   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 8       | 2 |   |   |             | 368,640,000      | Oct 97 - Sep 98   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 9       | 2 |   |   |             | 426,240,000      | Oct 98 - Sep 99   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 10      | 2 |   |   |             | 483,840,000      | Oct 99 - Sep 00   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 11      | 2 |   |   |             | 676,800,000      | Oct 00 - Sep 01   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 12      | 2 |   |   |             | 748,800,000      | Oct 01 - Sep 02   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 13      | 2 |   |   |             | 820,800,000      | Oct 02 - Sep 03   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 14      | 2 |   |   |             | 892,800,000      | Oct 03 - Sep 04   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 15      | 2 |   |   |             | 964,800,000      | Oct 04 - Sep 05   |
|         | 5 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 16      | 3 |   |   |             | 1,235,520,000    | Oct 05 - Sep 06   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 17      | 3 |   |   |             | 1,304,640,000    | Oct 06 - Sep 07   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 18      | 3 |   |   |             | 1,365,120,000    | Oct 07 - Sep 08   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 19      | 3 |   |   |             | 1,416,960,000    | Oct 08 - Sep 09   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 20      | 3 |   |   |             | 1,460,160,000    | Oct 09 - Sep 10   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 21*     | 3 |   |   |             | 1,460,160,000    | Oct 10 - Sep 11   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 22*     | 3 |   |   |             | 1,460,160,000    | Oct 11 - Sep 12   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 23*     | 3 |   |   |             | 1,460,160,000    | Oct 12 - Sep 13   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 24*     | 3 |   |   |             | 1,460,160,000    | Oct 13 - Sep 14   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+
| 25*     | 3 |   |   |             | 1,460,160,000    | Oct 14 - Sep 15   |
|         | 0 |   |   |             |                  |                   |
+---------+---+---+---+-------------+------------------+-------------------+

  * Remark: Extend the contract period from 20 years to 25 years
  according to the Memorandum for the Cellular Mobile Telephone Service
  Agreement as at 27 March 1990 (No.4^(th))

+------------+---------------------------------------------------------+
| Benefits   |   : AIS shall collect the service charge from           |
| of         |   subscriber and quarterly share to TOT at 25% or 20%   |
| Tr         |   of the service charge before VAT for the TOT’         |
| ansmission |   subscriber and AIS’ subscriber respectively.          |
| ex         |                                                         |
| ploitation |                                                         |
+------------+---------------------------------------------------------+
| Benefits   |   : AIS agree to share to TOT at 20% of face value of   |
| of Prepaid |   sold card and revenue from first activate card (if    |
| Card       |   any). AIS have to monthly finish the card sale report |
|            |   and remit revenue sharing within 15 days of the       |
|            |   succeeding month.                                     |
+------------+---------------------------------------------------------+
| T          |   : TOT may terminate and assign the rights under this  |
| ermination |   Agreement to the third party. AIS shall also liable   |
|            |   all damage to TOT. In the event that TOT is not       |
|            |   confident in AIS operation to achieve the target or   |
|            |   breach any term of the agreement, all asset ownership |
|            |   shall belong to TOT suddenly. AIS may terminate the   |
|            |   agreement by the reason of force major that make AIS  |
|            |   cannot undertake upon the agreement.                  |
+------------+---------------------------------------------------------+

  Memorandum for the Cellular Mobile Telephone Service Agreement as at
  27 March 1990 (No.1^(st))

+------------+---+-----------------------------------------------------+
| Contractor | : | The Telephone Organization of Thailand (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Company Limited (AIS)         |
+------------+---+-----------------------------------------------------+
| Contract   | : | 11 December 1991                                    |
| Date       |   |                                                     |
+------------+---+-----------------------------------------------------+
| Additional | : | In an event that AIS must lease area for            |
| Clause     |   | installation of tools and equipment from others,    |
|            |   | AIS must lease in TOT’s name. Each lease period     |
|            |   | shall be not less than 3 years and renew until it   |
|            |   | reaches 22 years. AIS shall be fully responsible    |
|            |   | for any damage and damages caused by moving to      |
|            |   | another leased area.                                |
+------------+---+-----------------------------------------------------+

  Memorandum for the Cellular Mobile Telephone Service Agreement as at
  27 March 1990 (No.2^(nd))

+------------+---+-----------------------------------------------------+
| Contractor | : | The Telephone Organization of Thailand (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Company Limited               |
+------------+---+-----------------------------------------------------+
| Contract   | : | 16 April 1993                                       |
| Date       |   |                                                     |
+------------+---+-----------------------------------------------------+
| Changed    | : | From Advanced Info Service Company Limited          |
| the        |   |                                                     |
| Company’s  |   | to Advanced Info Service Public Company Limited     |
| name       |   |                                                     |
+------------+---+-----------------------------------------------------+

  Memorandum for the Cellular Mobile Telephone Service Agreement as at
  27 March 1990 (No.3^(rd))

+------------+---+-----------------------------------------------------+
| Contractor | : | The Telephone Organization of Thailand (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Public Company Limited (AIS)  |
+------------+---+-----------------------------------------------------+
| Contract   | : | 28 November 1994                                    |
| Date       |   |                                                     |
+------------+---+-----------------------------------------------------+
| Additional | : | 1. Changes of notification address by both          |
| Clauses    |   | Contractors.                                        |
|            |   |                                                     |
|            |   | 2. Stipulate Revenue Sharing Criteria               |
|            |   |                                                     |
|            |   | 2.1 TOT agrees to share revenue with AIS only for   |
|            |   | the International Direct Dialing Service (IDD) from |
|            |   | AIS Subscribers as follows:                         |
|            |   |                                                     |
|            |   | - IDD to unconnected-border countries: TOT shares   |
|            |   | its monthly revenue to AIS for Baht 3 per minute;   |
|            |   | and                                                 |
|            |   |                                                     |
|            |   | - IDD to connected-border countries: TOT shares its |
|            |   | monthly revenue to AIS for Baht 3 per minute. AIS   |
|            |   | is required to issue an invoice to and collect      |
|            |   | payment from its subscribers on behalf of TOT.      |
|            |   |                                                     |
|            |   | 2.2 The above revenues must be included and         |
|            |   | calculated as per annum revenue to be paid to TOT   |
|            |   | by section 30 in the main agreement.                |
|            |   |                                                     |
|            |   | 2.3 AIS agrees to waive its revenue during 1        |
|            |   | October 1990-30 September 1994, which was collected |
|            |   | and paid to TOT, to be included and calculated as   |
|            |   | per annum revenue to be paid to TOT.                |
+------------+---+-----------------------------------------------------+

  Memorandum for the Cellular Mobile Telephone Service Agreement as at
  27 March 1990 (No.4^(th))

+------------+---+-----------------------------------------------------+
| Contractor | : | The Telephone Organization of Thailand (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Public Company Limited (AIS)  |
+------------+---+-----------------------------------------------------+
| Contract   | : | 20 September 1996                                   |
| Date       |   |                                                     |
+------------+---+-----------------------------------------------------+
| Additional | : | 1. Extend the Contract Period from 20 years to 25   |
| Clauses    |   | years from the first operation date.                |
|            |   |                                                     |
|            |   | 2. AIS has the right to build transmission networks |
|            |   | in all conductors to interconnect with TOT’s        |
|            |   | networks and other networks. The newly built        |
|            |   | transmission networks must be transferred to TOT    |
|            |   | but AIS is entitled to maintain and manage those    |
|            |   | networks.                                           |
|            |   |                                                     |
|            |   | 3. AIS has the right to use, possess and maintain   |
|            |   | transmission networks and other assets acquired by  |
|            |   | AIS free of charge.                                 |
|            |   |                                                     |
|            |   | 4. TOT has the right to exploit the unused          |
|            |   | transmission networks under AIS management.         |
|            |   |                                                     |
|            |   | 5. In cases where others or TOT use special         |
|            |   | services via such networks, AIS is entitled to      |
|            |   | exploitation as agreed with TOT.                    |
|            |   |                                                     |
|            |   | 6. Cancelled section 18 in the main Agreement which |
|            |   | entitled AIS as the sole mobile operator who had    |
|            |   | the exclusive right to operate the mobile cellular  |
|            |   | services.                                           |
|            |   |                                                     |
|            |   | 7. AIS can provide IDD service directly through     |
|            |   | CAT’s networks on the condition that TOT shall not  |
|            |   | gain less per annum revenue.                        |
|            |   |                                                     |
|            |   | 8. Cancelled section 4.3 in the memorandum          |
|            |   | No.3^(rd) and that TOT shall share its revenue      |
|            |   | earned from international call at the rate of 3     |
|            |   | Baht/minute to AIS                                  |
|            |   |                                                     |
|            |   | 9. AIS shall pay 30 percent of per annum revenue to |
|            |   | TOT for the year 21 -25 before expenses and taxes   |
|            |   | deduction. AIS is entitled to reduce or waive       |
|            |   | service fee according to its promotions.            |
|            |   |                                                     |
|            |   | 10. Any changes or updates of networks’ technology  |
|            |   | shall be done by AIS at its own expense. TOT shall  |
|            |   | own any changes or updates of such networks         |
|            |   | including any related assets.                       |
+------------+---+-----------------------------------------------------+

  Memorandum for the Cellular Mobile Telephone Service Agreement as at
  27 March 1990 (No.5^(th))

+------------+---+-----------------------------------------------------+
| Contractor | : | The Telephone Organization of Thailand (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Public Company Limited (AIS)  |
+------------+---+-----------------------------------------------------+
| Contract   | : | 25 December 2000                                    |
| Date       |   |                                                     |
+------------+---+-----------------------------------------------------+
| Additional | : | 1. AIS is exploitation co-management.               |
| Clauses    |   |                                                     |
|            |   | 2. AIS collects service fee from subscribers and    |
|            |   | deliver to TOT.                                     |
|            |   |                                                     |
|            |   | 3. Annual revenue before value added tax (VAT) are  |
|            |   | as follows:                                         |
|            |   |                                                     |
|            |   | 3.1 TOT’s subscribers: AIS acquires 75 percent and  |
|            |   | TOT acquires 25 percent; and                        |
|            |   |                                                     |
|            |   | 3.2 AIS’s subscribers: AIS acquires 78 percent and  |
|            |   | TOT acquires 22 percent.                            |
|            |   |                                                     |
|            |   | 4. AIS must coordinate with TOT on marketing        |
|            |   | project and must not carry out any marketing plans  |
|            |   | which will take hold of TOT’ subscribers.           |
|            |   |                                                     |
|            |   | 5. AIS must produce and execute signal conductor    |
|            |   | lease agreement with all subscribers and monthly    |
|            |   | report to TOT for inspection.                       |
+------------+---+-----------------------------------------------------+

  Memorandum for the Cellular Mobile Telephone Service Agreement as at
  27 March 1990 (No.6^(th))

+------------+---+-----------------------------------------------------+
| Contractor | : | The Telephone Organization of Thailand (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Public Company Limited (AIS)  |
+------------+---+-----------------------------------------------------+
| Contract   | : | 15 May 2001                                         |
| Date       |   |                                                     |
+------------+---+-----------------------------------------------------+
| Additional | : | Pre-Paid cellular mobile service                    |
| Clause     |   |                                                     |
|            |   | 1. AIS agrees to pay 20 percent of value on scratch |
|            |   | cards sold monthly (including VAT) to TOT by the    |
|            |   | date 15^(th) of next month.                         |
|            |   |                                                     |
|            |   | 2. During year 11-15 under the main Agreement, AIS  |
|            |   | must reduce tariff, not less than 5 percent in      |
|            |   | average annually, from the tariff collected from    |
|            |   | its subscribers in year 11. During year 16-25, AIS  |
|            |   | must reduce tariff , to its subscribers not less    |
|            |   | than 10 percent in average annually, from the       |
|            |   | tariff collected from its subscribers in year 11.   |
+------------+---+-----------------------------------------------------+

  Memorandum to amend the Cellular Mobile Telephone Service Agreement
  date 27 March 1990 (no.7^(th))

  AIS and TOT has signed the Amendment to the Agreement no.7 on 20
  September 2002. The details are as the following:

+------------+---+-----------------------------------------------------+
| Agreement  | : | Memorandum to amend the Agreement for operation,    |
|            |   | Cellular                                            |
|            |   |                                                     |
|            |   | Mobile Telephone, dated 27 March 1990 no.7          |
+------------+---+-----------------------------------------------------+
| Parties    | : | TOT Corporation Public Company Limited (TOT)        |
|            |   |                                                     |
|            |   | Advanced Info Service Public Company Limited (AIS)  |
+------------+---+-----------------------------------------------------+
| Date of    | : | 20 September 2002                                   |
|            |   |                                                     |
| Agreement  |   |                                                     |
+------------+---+-----------------------------------------------------+
| Detail of  | : | TOT and AIS agree in principle regarding Roaming    |
| Roaming    |   | method as follows:                                  |
|            |   |                                                     |
|            |   | 1. TOT and AIS agree that this Memorandum being the |
|            |   | part of the Cellular                                |
|            |   |                                                     |
|            |   | Mobile Telephone Service Agreement.                 |
|            |   |                                                     |
|            |   | 2.TOT allows AIS to use network under the Cellular  |
|            |   | Mobile Telephone                                    |
|            |   |                                                     |
|            |   | Service and allow the third party to use network    |
|            |   | roaming. In the contrary, AIS is able to use the    |
|            |   | roaming service from other operators as well.       |
|            |   |                                                     |
|            |   | 3.Upon Roaming network pursuant to clause 2, AIS is |
|            |   | able to charge                                      |
|            |   |                                                     |
|            |   | roaming network at the rate not more than Baht 3    |
|            |   | per minute (nationwide). AIS shall not pay the      |
|            |   | roaming network more than Baht 3 per minute         |
|            |   | (nationwide). AIS shall inform TOT in writing       |
|            |   | before allowing the third party to use roaming      |
|            |   | network and before AIS use other roaming network.   |
|            |   |                                                     |
|            |   | 4.AIS agree to pay the remuneration to TOT as       |
|            |   | follows:                                            |
|            |   |                                                     |
|            |   |   - In case of other operators roaming with AIS’s   |
|            |   |   network AIS agrees to share                       |
|            |   |                                                     |
|            |   | the benefit to TOT at the rate (identified by the   |
|            |   | main Agreement) of service                          |
|            |   |                                                     |
|            |   | revenue charged from other operators.               |
|            |   |                                                     |
|            |   | - In case of AIS roaming with other operators’      |
|            |   | network, AIS agrees to share the benefit at the     |
|            |   | rate (identified by the main Agreement) of service  |
|            |   | revenue and other revenue charged from other        |
|            |   | operators after deducting the roaming payment to    |
|            |   | other operators. AIS use other network, AIS shall   |
|            |   | pay to TOT (as in the Cellular Mobile Telephone) of |
|            |   | the revenue of roaming network and others collected |
|            |   | from subscriber deducting with the roaming network  |
|            |   | paid to other operator.                             |
+------------+---+-----------------------------------------------------+

Roaming Agreement (AIS - DPC)

+------------+---+-----------------------------------------------------+
| The        | : | Advanced Info Service Public Company Limited (the   |
| Parties    |   | Company)                                            |
|            |   |                                                     |
|            |   | Digital Phone Company Limited (DPC)                 |
+------------+---+-----------------------------------------------------+
| Date of    | : | 16 June 2009                                        |
| Agreement  |   |                                                     |
+------------+---+-----------------------------------------------------+
| Details    | : | Both Parties wish to roam each other’s mobile phone |
|            |   | network:                                            |
|            |   |                                                     |
|            |   | 1.  In order to improve efficiency for the access   |
|            |   |     to and the use of                               |
|            |   |                                                     |
|            |   | telecommunications network of both Parties and be   |
|            |   | in conformity with the laws and the notifications   |
|            |   | of NBTC, the Company agrees to DPC to use the       |
|            |   | Company’s mobile phone network throughout the       |
|            |   | country as from 1 May 2009 onwards and DPC has      |
|            |   | agreed to the Company to use the mobile phone       |
|            |   | network of DPC throughout the country as well.      |
|            |   |                                                     |
|            |   | 2.  The Company agrees to pay the roaming charges   |
|            |   |     at the rate of Baht 1.10                        |
|            |   |                                                     |
|            |   |   per minute (Baht One and Ten Satang) in the event |
|            |   |   that the remuneration for the use of the network  |
|            |   |   does not exceed Baht 300 million per month and    |
|            |   |   the excess of which shall be calculated at the    |
|            |   |   rate of Baht 1.00 per minute which are exclusive  |
|            |   |   of VAT.                                           |
+------------+---+-----------------------------------------------------+
| Payment of | : | The network user shall pay the service charge in    |
| Service    |   | the amount specified in the statement sent to the   |
| Charges    |   | other party each month. The payment shall be made   |
|            |   | within 30 days as of the date specified in the      |
|            |   | statement which is deemed to the due date for       |
|            |   | payment                                             |
+------------+---+-----------------------------------------------------+
| T          | : | The termination or cessation of the Agreement shall |
| ermination |   | be in accordance with the terms and conditions of   |
|            |   | the National Broadcasting and Telecommunications    |
|            |   | Commission.                                         |
+------------+---+-----------------------------------------------------+

Roaming Agreement (AIS - TOT)

+--------------+---+-----------------------------------------------------+
| The Parties  | : | Advanced Info Service Public Company Limited (the   |
|              |   | Company)                                            |
|              |   |                                                     |
|              |   | TOT Public Company Limited (TOT)                    |
+--------------+---+-----------------------------------------------------+
| Date and     | : | 7 July 2011 for a period of 1 year (7 July 2011 – 6 |
| Term of      |   | July 2012) and shall be extended for a successive   |
| Agreement    |   | period of 1 year unless there is no termination     |
|              |   | notice from the other party.                        |
+--------------+---+-----------------------------------------------------+
| Details      | : | Both Parties wish to roam each other’s mobile phone |
|              |   | network:                                            |
|              |   |                                                     |
|              |   | 1.  In order to improve efficiency for the access   |
|              |   |     to and the use of                               |
|              |   |                                                     |
|              |   | telecommunications network of both Parties and be   |
|              |   | in conformity with the laws and the notifications   |
|              |   | of NBTC, the Company agrees to TOT to use the       |
|              |   | Company’s mobile phone network throughout the       |
|              |   | country as from 7 July 2011 onwards and TOT has     |
|              |   | agreed to the Company to use the mobile phone       |
|              |   | network of TOT throughout the country as well.      |
|              |   |                                                     |
|              |   | 2.  The Company agrees to pay the roaming charges   |
|              |   |     at the rate for Voice: Baht                     |
|              |   |                                                     |
|              |   |   1.10 per minute, for SMS: Baht 0.55 per one       |
|              |   |   message, for Data: Baht 0.85 per MB and for Video |
|              |   |   Call: Baht 2.00 per minute. TOT agrees to pay the |
|              |   |   roaming charges at the rate for Voice: Baht 1.10  |
|              |   |   per minute, for SMS: Baht 0.55 per one message    |
|              |   |   and for Data: Baht 0.85 per MB.                   |
+--------------+---+-----------------------------------------------------+
| Payment of   | : | The network owner will send a statement to the      |
| Service      |   | network user within 60 days as from the last date   |
| Charges      |   | of each month and shall be paid within 30 days as   |
|              |   | of the date specified in the statement (the payment |
|              |   | due date).                                          |
+--------------+---+-----------------------------------------------------+
| Termination  | : | The termination or cessation of the Agreement shall |
|              |   | be in accordance with the terms and conditions of   |
|              |   | the National Broadcasting and Telecommunications    |
|              |   | Commission.                                         |
+--------------+---+-----------------------------------------------------+

Internet License Type 1 No NTC/MM/INT/ISP/I/025/2550

  -------------- --- -----------------------------------------------------
  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   23 November 2009 - 22 November 2014

  License        :   AIS provides internet services to its customers
  Details            without having its own telecommunication network. AIS
                     is obligated to pay for the license fee within the
                     time period as per specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that AIS breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
  -------------- --- -----------------------------------------------------

License for Electronics Payment Service No Khor (5) 004/2552

  -------------- --- -----------------------------------------------------
  Grantor        :   Electronic Transaction Commission : Ministry of
                     Information and Communication Technology

  Grant Period   :   13 May 2009 - 12 May 2019

  Scope of       :   AIS is licensed to provide electronic payment
  License            services to its customers as specified in the Royal
                     Decree of Controlling of Electronics Payment Service
                     Business B.E. 2551 Type Khor (5) The provision of
                     payment agent service which AIS shall comply with
                     such Royal Decree, rules and regulations issued by
                     the Electronic Transaction Commission or by the Bank
                     of Thailand and by the officials under such Royal
                     Decree.
  -------------- --- -----------------------------------------------------

2. Advanced Data Network Communications Company Limited (ADC)

Operating contract for non-voice service by Data Kit Virtual Circuit
Switch

+--------------+---+-----------------------------------------------------+
| Agreement    | : | Data Communication Service Agreement (Data kit      |
|              |   | Virtual Circuit Switch)                             |
+--------------+---+-----------------------------------------------------+
| Parties      | : | TOT Corporation Public Company Limited (TOT)        |
|              |   |                                                     |
|              |   | Advanced Data Network Company Limited (ADC)         |
+--------------+---+-----------------------------------------------------+
| Date of      | : | 19 September 1989                                   |
| Agreement    |   |                                                     |
+--------------+---+-----------------------------------------------------+
| Period of    | : | 25 years (25 September 1997 - 24 September 2022)    |
| Agreement    |   |                                                     |
+--------------+---+-----------------------------------------------------+
| Service      | : | ADC has been granted to operate data communication  |
| under the    |   | service which system is                             |
| Agreement    |   |                                                     |
|              |   | Frame Relay and Data kit Virtual Circuit Switch     |
|              |   | and/or other data communication system whether      |
|              |   | point to point or point to multipoint in circuit    |
|              |   |                                                     |
|              |   | allocation to connect between the subscriber        |
|              |   | network and all subscribers in country. This is to  |
|              |   | receive                                             |
|              |   |                                                     |
|              |   | and transmit any kind of data for high technology   |
|              |   | of data communication service to develop service to |
|              |   | comply the market requirement, changing technology. |
+--------------+---+-----------------------------------------------------+
| Operation    | : | ADC agrees to invest in equipment of Data kit       |
| and Planning |   | system according to estimated                       |
|              |   |                                                     |
|              |   | investment, installation plan and Product           |
|              |   | information of Data kit to achieve                  |
|              |   |                                                     |
|              |   | the schedule.                                       |
+--------------+---+-----------------------------------------------------+
| Ownership    | : | All tool and equipment or asset which procured or   |
| Rights       |   | provided for Data kit system by ADC, shall belong   |
|              |   | to TOT ownership after installation completion. TOT |
|              |   | allows ADC to occupy the equipment for the purpose  |
|              |   | of providing the service during the term of the     |
|              |   | Agreement.                                          |
+--------------+---+-----------------------------------------------------+
| Insurance    | : | ADC shall have the asset insured against all risk   |
|              |   | policy in full value of asset during the term       |
|              |   | period of the Agreement. In the event that the      |
|              |   | insurance policy shall expire prior to the ending   |
|              |   | date of the Agreement, AIS shall have it renewed,   |
|              |   | and submit to TOT within 30 days of the insured     |
|              |   | date.                                               |
+--------------+---+-----------------------------------------------------+
| Benefit      | : | ADC shall register capital increase from 350        |
|              |   | Million Baht to 457.52 Million Baht by issuing      |
|              |   | share to increase capital of 107.52 Million Baht    |
|              |   | which is 23.5 % of registered capital to TOT        |
|              |   | without payment of shares.                          |
+--------------+---+-----------------------------------------------------+
| Termination  | : | TOT may terminate and assign the rights under the   |
|              |   | agreement to the third party to continue the        |
|              |   | operation if there is any reason to be deemed the   |
|              |   | incapability of ADC to run the business or          |
|              |   | breaching any term of the Agreement by ADC. All     |
|              |   | assets shall belong to TOT. ADC shall be liable in  |
|              |   | damage to TOT.                                      |
+--------------+---+-----------------------------------------------------+
| Summarize of | : | -   TOT allows ADC to expand its business to        |
| Memorandum   |   |     provincial areas and ADC is obliged to pay      |
| of the Data  |   |     remuneration to TOT at agreed rate as specified |
| C            |   |     in the Memorandum.                              |
| ommunication |   |                                                     |
| Service      |   | -   ADC agrees to upgrade its data communication    |
| Agreement    |   |     service by using ADSL and ATM Switch in         |
| No. 1^(st) - |   |     addition to its existing systems.               |
| 4^(th)       |   |                                                     |
|              |   | -   ADC shall charge the service fee, rental fee or |
|              |   |     any other fees from customers based on market   |
|              |   |     rate; which ADC is not obliged to ask TOT for   |
|              |   |     permission in advance.                          |
|              |   |                                                     |
|              |   | -   ADC shall rent transmission from TOT or TOT’s   |
|              |   |     partner except TOT cannot provide that          |
|              |   |     transmission. In that case, ADC can invest in   |
|              |   |     its own data transmission or rent from others.  |
|              |   |                                                     |
|              |   | -   TOT agreed that ADC can provide data contents   |
|              |   |     such as financial information, SET information, |
|              |   |     games, multimedia; whereby; ADC shall ask TOT   |
|              |   |     for permission in advance.                      |
+--------------+---+-----------------------------------------------------+

Internet License Type 1 No NTC/MM/INT/ISP/I/022/2548

  -------------- --- ----------------------------------------------------
  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   19 December 2009-18 December 2014

  License        :   ADC provides internet services to its customers
  Details            without having its own telecommunication network.
                     ADC is obligated to pay for the license fee within
                     the time period as per specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that ADC violates or does not comply with
                     the Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     amend or comply within the specified period.
  -------------- --- ----------------------------------------------------

Internet International Gateway License Type 2 No. NTC/INT/II/002/2549

  -------------- --- ----------------------------------------------------
  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   8 December 2011 - 7 December 2016

  License        :   ADC provides internet international gateway
  Details            services, interconnection center between domestic
                     internet network to international internet network,
                     internet exchange to its particular customers with
                     having its own telecommunication network. ADC is
                     obligated to pay for the license fee within the
                     period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that ADC violates or does not comply with
                     the Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
  -------------- --- ----------------------------------------------------

3. Digital Phone Company Limited (DPC)

Related operating network contracts of DPC are as follows:

Transferred right contract and obligation by the contract to operation

+--------------+---+----------------------------------------------------+
| Agreement    | : | Cellular Mobile Telephone: Digital PCN (Personal   |
|              |   | Communication Network) 1800                        |
+--------------+---+----------------------------------------------------+
| Parties      | : | CAT Telecommunication Public Company Limited (CAT) |
|              |   |                                                    |
|              |   | Digital Phone Company Limited (DPC)                |
+--------------+---+----------------------------------------------------+
| Date of      | : | 19 November 1996                                   |
| Agreement    |   |                                                    |
+--------------+---+----------------------------------------------------+
| Period of    | : | 28 May 1997 - 15 September 2013                    |
| Agreement    |   |                                                    |
+--------------+---+----------------------------------------------------+
| Service      | : | DPC has been granted to operate Cellular Mobile    |
| under the    |   | Telephone Service: Digital PCN 1800 (new name is   |
| Agreement    |   | GSM 1800), nationwide, hereinafter collectively    |
|              |   | called “PCN 1800 system” which has been assigned   |
|              |   | rights and duty from TAC according to Assignment   |
|              |   | agreement to Cellular Mobile Telephone between TAC |
|              |   | and CAT. DPC has been granted to operate since 28  |
|              |   | May 1997 to 15 September 2013                      |
+--------------+---+----------------------------------------------------+
| Operation    | : | DPC agrees to undertake as follows:                |
| and Planning |   |                                                    |
|              |   | - invest in premise, tool, and equipment of PCN    |
|              |   | 1800 system                                        |
|              |   |                                                    |
|              |   | composing of Switching, Billing system, Base       |
|              |   | Transceiver station and                            |
|              |   |                                                    |
|              |   | Transmission                                       |
|              |   |                                                    |
|              |   | - invest in spare parts including tool, necessary  |
|              |   | equipment                                          |
|              |   |                                                    |
|              |   | - liable in repair and maintenance tool,           |
|              |   | equipment, asset and DPC                           |
|              |   |                                                    |
|              |   | network during the term period of the agreement.   |
+--------------+---+----------------------------------------------------+
| Frequency    | : | CAT have to provide frequency 1747.9 - 1760.5MHz   |
| Allocation   |   | and 1842.9 -1855.5MHz in area in country to DPC to |
|              |   | service PCN 1800                                   |
+--------------+---+----------------------------------------------------+
| Asset        | : | When the installation has been completed, DPC      |
| Transfer     |   | shall transfer asset, tools and                    |
|              |   |                                                    |
|              |   | equipment to CAT’s ownership. CAT has consent DPC  |
|              |   | to possess and exploit                             |
|              |   |                                                    |
|              |   | the mentioned asset for all of the term of         |
|              |   | Agreement and subject to the then                  |
|              |   |                                                    |
|              |   | agreement.                                         |
+--------------+---+----------------------------------------------------+
| Insurance    | : | DPC shall have the asset insured against all risk  |
|              |   | policy in full value of asset                      |
|              |   |                                                    |
|              |   | d during the term period of the Agreement. In the  |
|              |   | event that the insurance policy shall expire prior |
|              |   | to the ending date of the Agreement, DPC shall     |
|              |   | have                                               |
|              |   |                                                    |
|              |   | it renewed, and submit to CAT within 30 days of    |
|              |   | the insured date                                   |
+--------------+---+----------------------------------------------------+
| Benefits     | : | DPC agree to pay remuneration to CAT as a          |
|              |   | percentage of service revenue before deducting     |
|              |   | expense, tax and other fee which incurred from     |
|              |   | operation. However, the mentioned remuneration     |
|              |   | during the all Agreement period shall not less     |
|              |   | than the minimum revenue of Baht 5,400 million,    |
|              |   | which the payment can be breakdown into the table  |
|              |   | below;                                             |
+--------------+---+----------------------------------------------------+

+---+------+------+---+--------+-------------------+---------------------+---+
| Y |      | % of |   |        | Minimum Revenue   | Period installment  |   |
| e |      | ben  |   |        |                   |                     |   |
| a |      | efit |   |        | (Baht)            |                     |   |
| r |      | be   |   |        |                   |                     |   |
|   |      | fore |   |        |                   |                     |   |
|   |      | d    |   |        |                   |                     |   |
|   |      | educ |   |        |                   |                     |   |
|   |      | ting |   |        |                   |                     |   |
|   |      | exp  |   |        |                   |                     |   |
|   |      | ense |   |        |                   |                     |   |
|   |      | &    |   |        |                   |                     |   |
|   |      | tax  |   |        |                   |                     |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 25   |   |        | 9,000,000         | 16 Mar 98 -15 Sep   |   |
|   |      |      |   |        |                   | 98                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 2 |      | 20   |   |        | 60,000,000        | 16 Sep 98 - 15 Sep  |   |
|   |      |      |   |        |                   | 99                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 3 |      | 20   |   |        | 80,000,000        | 16 Sep 99 - 15 Sep  |   |
|   |      |      |   |        |                   | 00                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 4 |      | 20   |   |        | 105,000,000       | 16 Sep 00 - 15 Sep  |   |
|   |      |      |   |        |                   | 01                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 5 |      | 20   |   |        | 160,000,000       | 16 Sep 01 - 15 Sep  |   |
|   |      |      |   |        |                   | 02                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 6 |      | 20   |   |        | 200,000,000       | 16 Sep 02 - 15 Sep  |   |
|   |      |      |   |        |                   | 03                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 7 |      | 20   |   |        | 240,000,000       | 16 Sep 03 - 15 Sep  |   |
|   |      |      |   |        |                   | 04                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 8 |      | 20   |   |        | 280,000,000       | 16 Sep 04 - 15 Sep  |   |
|   |      |      |   |        |                   | 05                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 9 |      | 20   |   |        | 320,000,000       | 16 Sep 05 - 15 Sep  |   |
|   |      |      |   |        |                   | 06                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 25   |   |        | 350,000,000       | 16 Sep 06 - 15 Sep  |   |
| 0 |      |      |   |        |                   | 07                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 25   |   |        | 380,000,000       | 16 Sep 07 - 15 Sep  |   |
| 1 |      |      |   |        |                   | 08                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 25   |   |        | 580,000,000       | 16 Sep 08 - 15 Sep  |   |
| 2 |      |      |   |        |                   | 09                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 25   |   |        | 646,000,000       | 16 Sep 09 - 15 Sep  |   |
| 3 |      |      |   |        |                   | 10                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 25   |   |        | 650,000,000       | 16 Sep 10 - 15 Sep  |   |
| 4 |      |      |   |        |                   | 11                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 30   |   |        | 670,000,000       | 16 Sep 11 - 15 Sep  |   |
| 5 |      |      |   |        |                   | 12                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
| 1 |      | 30   |   |        | 670,000,000       | 16 Sep 12 - 15 Sep  |   |
| 6 |      |      |   |        |                   | 13                  |   |
+---+------+------+---+--------+-------------------+---------------------+---+
|   |      | T    |   |        | 5,400,000,000     |                     |   |
|   |      | otal |   |        |                   |                     |   |
+---+------+------+---+--------+-------------------+---------------------+---+
|   | Ter  |      | : | The    |                   |                     |   |
|   | mina |      |   | Agr    |                   |                     |   |
|   | tion |      |   | eement |                   |                     |   |
|   |      |      |   | shall  |                   |                     |   |
|   |      |      |   | be     |                   |                     |   |
|   |      |      |   | term   |                   |                     |   |
|   |      |      |   | inated |                   |                     |   |
|   |      |      |   | by:    |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | -      |                   |                     |   |
|   |      |      |   |    The |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    Agr |                   |                     |   |
|   |      |      |   | eement |                   |                     |   |
|   |      |      |   |     is |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   due. |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | -      |                   |                     |   |
|   |      |      |   |    CAT |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    ter |                   |                     |   |
|   |      |      |   | minate |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    the |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    Agr |                   |                     |   |
|   |      |      |   | eement |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    due |                   |                     |   |
|   |      |      |   |     to |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    the |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | breach |                   |                     |   |
|   |      |      |   |     of |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    DPC |                   |                     |   |
|   |      |      |   |     or |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    any |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | breach |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    eff |                   |                     |   |
|   |      |      |   | ecting |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    CAT |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | damage |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    and |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    DPC |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   does |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    not |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | remedy |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | within |                   |                     |   |
|   |      |      |   |     90 |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   days |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |  since |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    the |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | notifi |                   |                     |   |
|   |      |      |   | cation |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   date |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   from |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   CAT. |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | -      |                   |                     |   |
|   |      |      |   |    The |                   |                     |   |
|   |      |      |   |     p  |                   |                     |   |
|   |      |      |   | arties |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |  agree |                   |                     |   |
|   |      |      |   |     to |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    ter |                   |                     |   |
|   |      |      |   | minate |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    the |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   Agre |                   |                     |   |
|   |      |      |   | ement. |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | -      |                   |                     |   |
|   |      |      |   |    DPC |                   |                     |   |
|   |      |      |   |     is |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |  bankr |                   |                     |   |
|   |      |      |   | uptcy. |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | -      |                   |                     |   |
|   |      |      |   |   When |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    DPC |                   |                     |   |
|   |      |      |   |     is |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |  unqua |                   |                     |   |
|   |      |      |   | lified |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   with |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    the |                   |                     |   |
|   |      |      |   |     Bu |                   |                     |   |
|   |      |      |   | siness |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    Law |                   |                     |   |
|   |      |      |   |     in |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   case |                   |                     |   |
|   |      |      |   |     of |                   |                     |   |
|   |      |      |   |     bu |                   |                     |   |
|   |      |      |   | siness |                   |                     |   |
|   |      |      |   |     op |                   |                     |   |
|   |      |      |   | erated |                   |                     |   |
|   |      |      |   |     by |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   fore |                   |                     |   |
|   |      |      |   | igner, |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    and |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    CAT |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    has |                   |                     |   |
|   |      |      |   |     to |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |   give |                   |                     |   |
|   |      |      |   |     a  |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   | notice |                   |                     |   |
|   |      |      |   |     to |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |    DPC |                   |                     |   |
|   |      |      |   |     at |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |  least |                   |                     |   |
|   |      |      |   |     90 |                   |                     |   |
|   |      |      |   |        |                   |                     |   |
|   |      |      |   |  days. |                   |                     |   |
+---+------+------+---+--------+-------------------+---------------------+---+

Memorandum for the Cellular Mobile Telephone Service Agreement for
operating Digital PCN (Personal Communication Network) 1800 service at
26 August 1999 (No.1st)

+--------------+---+----------------------------------------------------+
| Contractor   | : | Communication Authority of Thailand Public Company |
|              |   | Limited (CAT)                                      |
|              |   |                                                    |
|              |   | Digital Phone Company Limited (DPC)                |
+--------------+---+----------------------------------------------------+
| Contract     | : | 26 August 1999                                     |
| Date         |   |                                                    |
+--------------+---+----------------------------------------------------+
| Effective    | : | 30 June 1999                                       |
| Date         |   |                                                    |
+--------------+---+----------------------------------------------------+
| Contract     | : | 16 years                                           |
| Period       |   |                                                    |
+--------------+---+----------------------------------------------------+
| Contract     | : | CAT agrees to adjust revenue sharing for DPC to be |
| Details      |   | on the same term as the contract between CAT and   |
|              |   | Total Access Communication (TAC) on the ground     |
|              |   | that DPC contract is transferred from the original |
|              |   | TAC contract with CAT. The revision of revenue     |
|              |   | sharing is as follow.                              |
|              |   |                                                    |
|              |   | 1. Adjust revenue share for year 1 to 25%, year    |
|              |   | 2-9 to 20%, year 10-14 to 25%, year 15-16 to 30%   |
|              |   |                                                    |
|              |   | 2. DPC shall pay the minimum revenue share to CAT  |
|              |   | of no less than Baht 5.4 billion, increased from   |
|              |   | the original amount of Baht 3.6 billion.           |
+--------------+---+----------------------------------------------------+

Assignment Agreement between DPC & DTAC

+--------------+---+----------------------------------------------------+
| Agreement    | : | Assignment Agreement according to Cellular Mobile  |
|              |   | Telephone                                          |
|              |   |                                                    |
|              |   | Digital PCN (Personal Communication Network) 1800  |
+--------------+---+----------------------------------------------------+
| Parties      | : | CAT Telecommunication Public Company Limited (CAT) |
|              |   |                                                    |
|              |   | Total Access Communication Public Company Limited  |
|              |   | (DTAC)                                             |
|              |   |                                                    |
|              |   | Digital Phone Company Limited (DPC)                |
+--------------+---+----------------------------------------------------+
| Date of      | : | 19 November 1996                                   |
| Agreement    |   |                                                    |
+--------------+---+----------------------------------------------------+
| Service      | : | DTAC has accepted to partial assign Cellular       |
| under the    |   | Mobile Telephone Service:                          |
| Agreement    |   |                                                    |
|              |   | Digital PCN 1800 between CAT and TAC to DPC. CAT   |
|              |   | agrees to:                                         |
|              |   |                                                    |
|              |   | 1.  TAC has partial assigned rights and duty in    |
|              |   |     PCN 1800¹⁾ especially, 1747.90 - 1760.50 and   |
|              |   |     1855.50 - 1842.90.                             |
|              |   |                                                    |
|              |   | 2.  TAC has assigned frequency channel to CAT and  |
|              |   |     CAT allow DPC to use this frequency.           |
|              |   |                                                    |
|              |   |   3. DPC agrees to accept the customer of Samart   |
|              |   |   Corporation Public Company Limited.              |
|              |   |                                                    |
|              |   | 4. If the agreement between DPC and CAT has ended  |
|              |   | before the Agreement date, TAC shall have the      |
|              |   | preemptive right to operate prior to the third     |
|              |   | party.                                             |
+--------------+---+----------------------------------------------------+

¹⁾ New name is GSM 1800

4. Advanced Magic Card Co., Ltd. (AMC)

Electronic Card Business License No 006/2548

  -------------- --- -----------------------------------------------------
  Grantor        :   Ministry of Finance (MOF)

  Grant Period   :   since 20 July 2005

  License        :   AMC is granted to operate in electronic money cards
  Details            for goods or services payments instead of cash
                     payments.

  Withdrawal of  :   MOF has sole power to withdraw the license if appears
  License            that AMP violates or does not comply with the
                     business conditions specified by MOF and the Bank of
                     Thailand, or operates its business or has financial
                     status which might likely to cause great damage to
                     general public and fails to improve its financial
                     status or amend its business operation within the
                     specified period.
  -------------- --- -----------------------------------------------------

License for Electronics Payment Service No Khor(6) 003/2552

  -------------- --- -----------------------------------------------------
  Grantor        :   Electronic Transaction Commission : Ministry of
                     Information and Communication Technology

  Grant Period   :   13 May 2009 - 12 May 2019

  License        :   AMC is licensed to provide electronic payment
  Details            services to its customers as specified in the Royal
                     Decree of Controlling of Electronics Payment Service
                     Business B.E. 2551 Type Khor (6) The provision of
                     electronic money for the purchasing of specific goods
                     and/or services from multiple providers with no
                     specific territory and under the different management
                     and distribution system which AMC shall comply with
                     such Royal Decree, rules and regulations issued by
                     the Electronic Transaction Commission or by the Bank
                     of Thailand and by the officials under such Royal
                     Decree.
  -------------- --- -----------------------------------------------------

5. Advanced MPay Co., Ltd. (AMP)

Electronic Card Business License No 003/2548

  -------------- --- -----------------------------------------------------
  Grantor        :   Ministry of Finance (MOF)

  Grant Period   :   since 24 June 2005

  License        :   AMP is granted to operate in electronic money cards
  Details            for goods or services payments instead of cash
                     payments.

  Withdrawal of  :   MOF has sole power to withdraw the license if appears
  License            that AMP violates or does not comply with the
                     business conditions specified by MOF and the Bank of
                     Thailand, or operates its business or has financial
                     status which might likely to cause great damage to
                     general public and fails to improve its financial
                     status or amend its business operation within the
                     specified period
  -------------- --- -----------------------------------------------------

License for Electronics Payment Service No. Khor(3) 004/2552

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  Grantor        :   Electronic Transaction Commission : Ministry of
                     Information and Communication Technology

  Grant Period   :   13 May 2009 - 12 May 2019

  License        :   AMP is licensed to provide electronic payment
  Details            services to its customers as specified in the Royal
                     Decree of Controlling of Electronics Payment Service
                     Business B.E. 2551 Type Khor (3) The provision of
                     electronic payment service through the devices or
                     network which AMP shall comply with such Royal
                     Decree, rules and regulations issued by the
                     Electronic Transaction Commission or by the Bank of
                     Thailand and by the officials under such Royal
                     Decree.
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License for Electronics Payment Service No Khor (5) 029/2552

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  Grantor        :   Electronic Transaction Commission : Ministry of
                     Information and Communication Technology

  Grant Period   :   30 November 2009 - 29 November 2019

  License        :   AMP is licensed to provide electronic payment
  Details            services to its customers as specified in the Royal
                     Decree of Controlling of Electronics Payment Service
                     Business B.E. 2551 Type Khor (5) The provision of
                     payment agent service which AMP shall comply with
                     such Royal Decree, rules and regulations issued by
                     the Electronic Transaction Commission or by the Bank
                     of Thailand and by the officials under such Royal
                     Decree.
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License for Electronics Payment Service No Khor (6) 002/2552

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  Grantor        :   Electronic Transaction Commission : Ministry of
                     Information and Communication Technology

  Grant Period   :   13 May 2009 - 12 May 2019

  License        :   AMP is licensed to provide electronic payment
  Details            services to its customers as specified in the Royal
                     Decree of Controlling of Electronics Payment Service
                     Business B.E. 2551 Type Khor (6) The provision of
                     electronic money for the purchasing of specific goods
                     and/or services from multiple providers with no
                     specific territory and under the different management
                     and distribution system which AMP shall comply with
                     such Royal Decree, rules and regulations issued by
                     the Electronic Transaction Commission or by the Bank
                     of Thailand and by the officials under such Royal
                     Decree.
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6. AIN GlobalComm Co., Ltd. (AIN)

Telecommunications Business License Type 3 No 3Kor/49/002

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   26 July 2006 - 25 July 2026

  License        :   AIN provides international telephone services, value
  Details            added services to international telephone service,
                     related services to international telephone service
                     and international telephone network services. AIN is
                     obligated to pay for the license and any fees within
                     the time period as per specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that AIN violates or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     amend or comply within the specified period.
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7. Super Broadband Co., Ltd. (SBN)

Internet License Type 1 No NTC/MM/INT/ISP/I/022/2550

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   10 October 2009 - 9 October 2014

  License        :   SBN provides internet services to its customers
  Details            without having its own telecommunication network. SBN
                     is obligated to pay for the license fee within the
                     time period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if it
  License            appears that SBN breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
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International Internet Gateway License Type 2 No NTC/INT/II/008/2550

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   15 October 2012 - 14 October 2017

  License        :   SBN provides international internet services, provide
  Details            international gateway for domestic internet service
                     provider, internet exchange service with having its
                     own telecommunication network. SBN shall provide
                     limited service to particular group of customers. SBN
                     is obligated to pay for the license fee within the
                     time period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that SBN breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
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Telecommunications Business License Type 3 No. 3Kor/50/006

+-------------+---+-----------------------------------------------------+
| Grantor     | : | The National Broadcasting and Telecommunications    |
|             |   | Commission (NBTC)                                   |
+-------------+---+-----------------------------------------------------+
| Grant       | : | 16 August 2007- 15 August 2027                      |
| Period      |   |                                                     |
+-------------+---+-----------------------------------------------------+
| License     | : | SBN provides telecommunication network services     |
| Details     |   | with its own network. SBN is obligated to pay for   |
|             |   | the license and any fees within the time period as  |
|             |   | per specified by the NBTC.                          |
+-------------+---+-----------------------------------------------------+
| Withdrawal  | : | NBTC has sole power to withdraw the license if      |
| of License  |   | appears that SBN breaches or does not comply with   |
|             |   | the Telecommunication Business Act B.E. 2544        |
|             |   | (2001),                                             |
|             |   |                                                     |
|             |   | Rules or Regulations issued by the NBTC, or fails   |
|             |   | to remedy within the specified period.              |
+-------------+---+-----------------------------------------------------+

Telecommunications Business License Type 2 No. 2Kor/51/001

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   20 February 2008 - 19 February 2013

  License        :   SBN provides telecommunication network services with
  Details            its own network for specific group of customer. fixed
                     line, ISDN, data service, and value-added service.
                     SBN is obligated to pay for the license and any fees
                     within the time period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that SBN breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
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8. Advanced Wireless Network Co., Ltd. (AWN)

Internet License Type 1 No. NTC/MM/INT/ISP/017/2551

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   18 September 2009 - 17 September 2014

  License        :   AWN provides internet services to its customers
  Details            without having its own telecommunication network. AWN
                     is obligated to pay for the license fee within the
                     time period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if it
  License            appears that AWN breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
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Telecommunications Business License Type 3 No. 3Kor/51/003

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   12 June 2008 - 6 December 2027

  License        :   AWN provides telecommunication network services with
  Details            its own network for fixed line, Wifi internet,
                     fixed-wireless broadband service, integrated digital
                     network service, and fixed and wireless
                     telecommunication network service. In addition, AWN
                     has granted the 2.1GHz license to operate provide
                     International Mobile Telecommunications -IMT on 7
                     December 2012 until 6 December 2027 AWN is obligated
                     to pay for the license and any fees within the time
                     period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if it
  License            appears that AWN breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
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Spectrum License for Telecommunications Service No. NBTC/FREQ/TEL/55/1

+-------------+---+-----------------------------------------------------+
| Grantor     | : | The National Broadcasting and Telecommunications    |
|             |   | Commission (NBTC)                                   |
+-------------+---+-----------------------------------------------------+
| Grant       | : | 7 December 2012 - 6 December 2027                   |
| Period      |   |                                                     |
+-------------+---+-----------------------------------------------------+
| License     | : | The license for telecommunication service to        |
| Details     |   | operate 3 slots of spectrum bandwidth on 2.1GHz     |
|             |   | covering 1950MHz to 1965MHz pairing to 2140MHz to   |
|             |   |                                                     |
|             |   | 2155MHz is belong to the licensee and is not        |
|             |   | transferable. The licensee shall provide the        |
|             |   | service by itself and shall not transfer the        |
|             |   | provision of service completely or partially or     |
|             |   | authorize other persons to provision the service.   |
|             |   | The licensee shall comply with the condition prior  |
|             |   | to the end of the service as specified by NBTC and  |
|             |   | shall submit the plan to manage customers in        |
|             |   | advance with at least                               |
|             |   |                                                     |
|             |   | 2 years before end of the license in order to       |
|             |   | prevent the impact to customers. The licensee shall |
|             |   | return the licensed spectrum to NBTC when the       |
|             |   | license is end.                                     |
+-------------+---+-----------------------------------------------------+
| Withdrawal  | : | NBTC has sole power to withdraw the license if it   |
| of License  |   | appears that AWN breaches or does not comply with   |
|             |   | the Telecommunication Business Act, Rules or        |
|             |   | Regulations issued by the NBTC, or fails to remedy  |
|             |   | within the specified period.                        |
+-------------+---+-----------------------------------------------------+

9. Advanced Internet Revolution Co., Ltd. (AIR)

Internet License Type 1 No. NTC/MM/INT/ISP/I/010/2553

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  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   17 December 2010 - 16 December 2015

  License        :   AIR provides internet services to its customers
  Details            through the network of licensees who have their own
                     telecommunication network. AIR is obligated to pay
                     for the license fee within the time period as
                     specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if it
  License            appears that AIR breaches or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     remedy within the specified period.
  -------------- --- -----------------------------------------------------

10.Advanced Mobile Broadband Co., Ltd. (AMB)

Telecommunications Business License Type 1 No. 1/53/015

  -------------- --- -----------------------------------------------------
  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   28 July 2010 - 27 July 2015

  License        :   AMB provides telecommunication network services to
  Details            its customers through the network of licensees who
                     have their own telecommunication network. AMB is
                     obligated to pay for the license fee within the time
                     period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that AMB violates or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     amend or comply within the specified period
  -------------- --- -----------------------------------------------------

11.Wireless Device Supply Co., Ltd. (WDS)

Telecommunications Business License Type 1 No. 1/53/014

  -------------- --- -----------------------------------------------------
  Grantor        :   The National Broadcasting and Telecommunications
                     Commission (NBTC)

  Grant Period   :   28 July 2010 - 27 July 2015

  License        :   WDS provides telecommunication network services to
  Details            its customers through the network of licensees who
                     have their own telecommunication network. WDS is
                     obligated to pay for the license fee within the time
                     period as specified by the NBTC.

  Withdrawal of  :   NBTC has sole power to withdraw the license if
  License            appears that WDS violates or does not comply with the
                     Telecommunication Business Act B.E. 2544 (2001),
                     Rules or Regulations issued by the NBTC, or fails to
                     amend or comply within the specified period
  -------------- --- -----------------------------------------------------