A Shane Wilding Golf Limited has been incorporated as a private limited company under the laws of Thailand with a registered share capital of Baht 24,000,000 divided into 240,000 ordinary shares of Baht 100 each (“Company”);
B As of the date of this Agreement, SW holds and/or controls 158,400 ordinary shares in the Company, and PB holds and/or controls or will hold and/or control 33,600 ordinary shares in the Company; and
C The Parties have agreed to hold shares in the Company on the terms and conditions of this Agreement, which are intended to regulate the relationship between them, the Company and the carrying out of business affairs of the Company.