Microsoft Word - Representative 2551_en_final (UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

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the securities offering registration statement and draft prospectus ("filing"). In this regard, one of the conditions for termination of the debenture holder representative's duties which

registration statement and draft prospectus ("filing"). In this regard, one of the conditions for termination of the debenture holder representative's duties which appears in a draft agreement

offering registration statement and draft prospectus ("filing"). In this regard, one of the conditions for termination of the debenture holder representative's duties which appears in a draft

-2 / 18-3 Application for Establishing Representative Office Abroad Securities Company / Derivatives Intermediary Name of Company

Application for Establishing Representative Office Abroad Securities Company / Derivatives Intermediary Name of Company

ratio under the terms and conditions, changing the limit from not exceeding 3:1 to not exceeding 5:1. The SEC requires that the bondholder representative analyze the benefits and shortcomings as well