) the completion of restructuring of TSEO. 2. Parties involved and the relation with the listed company Seller : Thai Solar Energy Public Company Limited (the “Company” or “TSE”); and TSE Overseas Group
shall receive the payment for the subscription price of Baht 186,300,000 in total. 5. Conditions precedent to the completion of the transaction 1. VAVA agree to make a deposit of Baht 20,000,000 (Twenty
according to (2) more than 50% and for the period of 2 years after the completion of the Transaction. 2. Subscription of NEXT Newly Issued Shares The Company shall subscribe for NEXT’s 5,250,000 newly issued
shares received according to (2) more than 50% and for the period of 2 years after the completion of the Transaction. 2. Subscription of NEXT Newly Issued Shares The Company shall subscribe for NEXT’s
certification programmes, including the Collective Action Coalition Against Corruption’s Self-Evaluation Tool. - Issue an Audit Committee Report to be included in the company’s annual report and to be signed by
amount of loan (if any). In this regard, the REIT may invest in a project under construction provided that [i] the value of the investment for the acquisition and completion of the development project of
commencement date, the parties, the cause of action, the progress of the case, and the opinion of the Company regarding possible impact of the lawsuits or disputes on the operation of the Company or its
project value at completion was appraised by Sasirachada Co.,Ltd. ** Recoverable amount as at the agreement date is calculated on the project value by cost approach at the shareholding proportion 80%. Basis