Board by failing to perform its duties with due care and preserve the interest of the debenture holders as would reasonably be expected of similar professionals. SEC Act S.46 Settlement Committee

Mr. George Rogers Davison (Later changed to Mr.Jatudej Dejwicharn) Between September 1996 and March 1999, Mr. George Rogers Davison, the President of Phoenex Pulp & Paper PLC (PPPC