1. [you represent to us that you are the legal and beneficial owner of [●]% of the total issued share capital of the Target Company;]
2. neither you nor any member of your subsidiaries or affiliated entities, any of your or their directors, officers, representatives, advisers, agents or employees is now directly or indirectly in discussion or negotiation with any person except us in connection with the Transaction or any sale or investment in all or any portion of the Target Company. These representations are deemed to be repeated on each day during the Exclusivity Period;
3. you agree that during the Exclusivity Period you will not, directly or indirectly:
3.1 enter into or be involved in any advertising, discussion or negotiation with any person except us in connection with the Transaction or any sale or investment in all or any portion of the Target Company;
3.2 seek, solicit or initiate the submission of or respond (other than a response to the effect that discussions are not possible because exclusive negotiations are underway) to any person except us and our advisers any proposal or offer in connection with the Transaction or any sale or investment in all or any portion of the Target Company;
3.3 make known to any third party the fact of our negotiations in relation to the Transaction or any sale or investment in all or any portion of the Target Company or our interest in the Target Company;
3.4 enter into an agreement or arrangement with any person except us in connection with or in any way adversely affecting the Transaction or any sale or investment in all or any portion of the Target Company at any time (whether such agreement or arrangement relates to the period after the Exclusivity Period or not);
3.5 give, make available, or allow access to any person except us and our advisers to view, carry out any due diligence of, or other investigations relating to, the Transaction or the Target Company; or
3.6 make available to any person, except us and our advisers, any information, papers or documents relating to the Transaction or the Target Company; and
4. You agree to ensure that, during the Exclusivity Period, no member of your subsidiaries or affiliated entities/neither you nor any of their respective/your directors, officers, representatives, advisers, agents or employees will directly or indirectly do any of the things described in paragraph 3 above.
5. You acknowledge and agree that in reliance on the representations and agreements contained in paragraphs 1 to 4 of this Letter, we will incur fees, costs and expenses (including value added tax) in connection with the Transaction and the matters which may affect it and any resulting negotiations between.
6. If during the Exclusivity Period, we decide that we do not wish to proceed with the Transaction, we shall, as soon as reasonably practicable, give you notice to that effect. This Letter shall terminate on the earlier of (i) expiry of the Exclusivity Period; or (ii) notice of termination being served in accordance with this paragraph.
7. Thai law governs this Letter.
8. This Letter may be executed in one or more counterparts each of which shall be deemed to be an original when taken together and shall constitute one and the same document.
It is acknowledged that until binding definitive agreements are entered into, neither you nor we are bound to proceed with the Transaction.