RESOLVED THAT Sibelco Asia Pte Ltd and Mr Bouyalid Ammarathithad declare that they have no interest in this coal project and that MCS Mining Industry is allowed to develop this project without breaching the non-competition Article 11. of the Shareholders Agreement entered on 21st November 2014 between Sibelco Asia Pte Ltd., MCS Mining Industry Co. Ltd and Mr Bouyalid Ammarathithada. Sibelco Asia Pte Ltd and Mr Bouyalid Ammarathithad agree to waive their rights on this coal concession that shall be transferred without compensation to the beneficiary defined by MCS Mining Industry Co. Ltd. upon request.