DEVELOPMENT PUBLIC COMPANY LIMITED APPLICAD PUBLIC COMPANY LIMITED APPLIED DB PUBLIC COMPANY LIMITED AQUA CORPORATION PUBLIC COMPANY LIMITED AREEYA PROPERTY PUBLIC COMPANY LIMITED ARINSIRI LAND PUBLIC COMPANY
by the bondholders’ representative; (2) in the case where the collateral is immovable property or a long-term lease agreement, a valuation of such collateral by a valuation company listed in the SEC
financial instrument, such assets shall be located in Thailand and enforceable under relevant Thai law; (2) in the case where the collateral is immovable property or a long-term lease agreement, a valuation