by SCL tax Consultants Company Limited as a legal advisor ) 1) Relevant licenses of GS 1. Notification of excavation or land reclamation : Under the Soil and Soil Act, 2000, No. 002/2560, issued on 7

licenses for water supply business. GS owned reservoir land and licenses about Notification of excavation or land reclamation, Construction license of plant at Pangha and Piping Permit to transfer water

normal operation of the company. In addition, GS will hold 46.00% of the issued and paid-up shares of GS and control power in GS through the presence of the Company's directors. Water supply and

location Both GS and HYDRO have obtained the relavant licenses for water supply business. GS owned reservoir land and licenses about Notification of excavation or land reclamation, Construction license of

construct the Project within 2 years from the leasehold registration date or any agreeable period including rationale extension.  Upon the occurrence of an event causing termination except defaulted by the