NSH has entered into the Sale and Purchase of Shares Agreement dated 14 July 2014 to buy 1,776,000 ordinary shares in PJT at the par value of THB 100 each, representing 24% of PJT’s total shares. Such 24% shares of PJT shall be pledged to STANDARD CHARTERED BANK OFFSHORE LABUAN (“Bank”) against the US$35,000,000 Facility Agreement dated 12 May 2014 between the Bank and IRIS.(“the Pledge”)