I.J. The Sellers wish to sell all 7,400,000 issued ordinary shares in the Company with having par value of THB 100 each (hereinafter referred to as the “Shares”) to the Purchaser, and the Purchaser wishes to purchase the Shares with clear of the Pledge from Bank and Encumbrance over the Shares and on the condition that the Outstanding Loan and IRIS Shareholders’ Loan including but not limited to the interest and penalty (if any) thereon are entirely settled by the Purchaser on the Closing Date in accordance with the terms and conditions of hereunder.