11. Related Parties and Connected Transaction.

1.Space Rent

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

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

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

  Building        :   Kentex Chemical 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.

  Opinion of Independent Directors

7 March 2002

We have audited the contract between Pato Chemical Industry Plc and
Kentex Chemical Co Ltd to rent office space. However, Pato Chemical
Industry Plc has been using the space on the first and second floor
totaled 334 sq.meters. Apart from this, Pato share the space used for
meeting room on the third floor with area of 40 sq.meters. At present,
the rent contracts have not yet been amended according to the space
utilized.

For your information, rental fee of the office building around New
Petchburi Road area at present ranges from Baht 150-450 per sq. meter
per month.

Yours sincerely

......................................................................................................

(Mr Lertchai Leelayonkul) (Dr Chongrak Prichanont)

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 subsidiary company , Acron Plastic Industry Co.,Ltd. on a
pro rata shareholding basis.

+----------+--------+-----------+--------------+---------------------+
| Bank     | Type   | Credit    | Balance as   | Collateral          |
|          | of     | Line      | at December  |                     |
|          | Loan   |           | 31, 2001     |                     |
|          |        | (Million  |              |                     |
|          |        | Baht)     |              |                     |
+----------+--------+-----------+--------------+---------------------+
| Bangkok  | L/G    | 15        | 22.59        | Pato Chemical Ind.  |
| Bank     |        |           |              | Plc                 |
| Public   | L/C    | }30       | 38.44        |                     |
| Co.,Ltd. |        |           |              | with other          |
|          | T/R    |           |              | shareholders of     |
| (Head    |        |           |              | Acron.              |
| Office)  |        |           |              |                     |
+----------+--------+-----------+--------------+---------------------+
| Thai     | Long   | 75.58     | 38.66        | Land and Machinery  |
| Farmers  | term   |           |              |                     |
| Bank     | Loan   | 10        | 6.42         | Land deed No.90191  |
| Public   |        |           |              | Praksa, Muang,      |
| Co.,Ltd. | OD     | }65       | 49.24        | Samutprakarn        |
|          |        |           |              |                     |
| (        | L/C    | 10        | 10           | Value 50 Million    |
| Klongton |        |           |              | Baht                |
| Branch)  | T/R    | 15        | 26.82        |                     |
|          |        |           |              | with other          |
|          | PN     |           |              | shareholders of     |
|          |        |           |              | Acron.              |
|          | BG     |           |              |                     |
+----------+--------+-----------+--------------+---------------------+

Pato is to provide a corporate guarantee on a pro rata basis credit
facilities with TFB for Acron. In this regards, Pato’s portion totals a
maximum of 66.89 million baht.

Pato is to provide a corporate guarantee on a pro rata basis credit
facilities with BBL. In this regard, Pato's portion totals a maximum of
61.03 million baht.

The size of the total transactions is 127.92 million baht.

3. Corporate Facilities

The board of directors meeting of Pato Chemical Industry Public Co.,Ltd.
No. 9/2000 on 25 August 2000 has pass the resolution to have corporate
facilities from Standard Chartered Nakornthon Bank Public Co.,Ltd. as
follows :

+----------+--------+-----------+--------------+---------------------+
| Bank     | Type   | Credit    | Balance as   | Collateral          |
|          | of     | Line      | at December  |                     |
|          | Loan   |           | 31, 2001     |                     |
|          |        | (Million  |              |                     |
|          |        | Baht)     |              |                     |
+----------+--------+-----------+--------------+---------------------+
| Standard | PN     | 15        | 10.50        | Land and building   |
| C        |        |           |              | of Pato Chemical    |
| hartered | L/C    | } 60      | 19.03        | Industry Public     |
| Na       |        |           |              | Co.,Ltd. Land deed  |
| kornthon | T/R    | 10        | 7.05         | No. 4557            |
| Bank     |        |           |              |                     |
|          | BG     |           |              | Tambon Sansab,      |
|          |        |           |              | Amphur Minburi,     |
|          |        |           |              |                     |
|          |        |           |              | Bangkok             |
|          |        |           |              |                     |
|          |        |           |              | Value 90 Million    |
|          |        |           |              | Baht                |
+----------+--------+-----------+--------------+---------------------+

4. Loan to Affiliated 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
Acron Plastic Industry Co.,Ltd. to liquidate cash flow of the company.
Bank O/D interest rate was applied. The loan as of December 31, 2001 was
4.6 million baht.

Remark : As Pato has divested its stake in Acron, above mentioned guarantee and loan is under the process to be transferred to new shareholder of Acron.