11. Related Parties and Connected Transaction.

1.Space Rent

  ---------------------- ------------------------ ------------------------
  Company                Company                  Connected Transaction

  Pato Chemical Industry Kentex Properties Co,Ltd Pato rents office space
  Plc.                                            in Pato Building, which
                                                  belongs to Kentex
                                                  Properties Co.,Ltd.
  ---------------------- ------------------------ ------------------------

  --------------- --- ----------------------------------------------------
  Location        :   Pato Building, 3388 New Petchburi Road Bangkapi,
                      Huay Kwang, Bangkok 10320

  Building        :   Kentex Properties Co Ltd (a related company)
  ownership           

  Significant     :   Pato Chemical Industry Plc rents the first floor of
  Content of the      the building with usable space of 230 sq.metre
  rent contract       Monthly rental fee is baht 30,000. The contract
                      begins from 1 June 1991 to 31 May 2021. Rental fees
                      is adjustable every 2 years. Each adjustment shall
                      not exceed 25% of the prevailing rental rate.
  --------------- --- ----------------------------------------------------

Note: Both rent contracts indicate that landlord will be responsible for
the household and property taxes based on the actual rental fee
received. Any other tax and duty including utilities expenses will be
responsible by the renter only.

Presently, Pato has been using the space on the first and second floor
totaling 334 square meters, and meeting room on the third floor of about
40 square meters. The rental fee has not yet been adjusted according to
space utilized or adjusted as allowed by contract.

2. Bank Guarantee

The board of directors meeting of Pato Chemical Industry Public Co.,Ltd.
No. 1/1999 on 5 January 1999 has pass the resolution to provide bank
guarantee to related company , Acron Plastic Industry Co.,Ltd. or
presently called Plastic Precision Industry co.,ltd as follows :

+----------+--------+-----------+--------------+---------------------+
| Bank     | Type   | Credit    | Balance as   | Collateral          |
|          | of     | Line      | at December  |                     |
|          | Loan   |           | 31, 2003     |                     |
|          |        | (Million  |              |                     |
|          |        | Baht)     |              |                     |
+----------+--------+-----------+--------------+---------------------+
| Bangkok  | L/G    | -         | 7.98         | Pato Chemical Ind.  |
| Bank     |        |           |              | Plc                 |
| Public   |        |           |              |                     |
| Co.,Ltd. |        |           |              |                     |
|          |        |           |              |                     |
| (Head    |        |           |              |                     |
| Office)  |        |           |              |                     |
+----------+--------+-----------+--------------+---------------------+

3. Loan to Related Company

Annual General meeting of shareholders No.1/2001 on the 23^(rd) April
2001 passed a resolution to provide 10 million baht loan facility to
Plastic Precision Industry Co.,Ltd. so as to liquidate cash flow of the
company. Interest rate applied range from 2-7.5% per year. The loan as
of December 31, 2003 was 3.06 million baht. The loan was indicated under
note No.6 of the 2003 year-end financial statement of the company as
“non-current assets” .