29 July 2015
To: Double A (1991) Public Company Limited
1 Moo 2, Tha Toom, Amphur Sri Maha Phote,
Prachinburi, 25140, Thailand
Re: Offer Letter to Purchase NPS Shares held by Double A (1991) Public Company Limited
Dear Sirs,
We write this letter to express our intention to purchase and acquire [•] ordinary fully paid shares of National Power Supply Public Co., Ltd. (“NPS Shares”) held by Double A (1991) Public Company Limited. The purchase price will be [•] baht per share.
The abovementioned offered price per share was calculated and valuated by using the discounted cash flow method at [•] %.
If you have any enquiry, please do not hesitate to contact us for further information.