F. Polar is a legal and beneficial owner of the 1,850,000 ordinary shares in Company under the Shares Purchase Agreement dated 1 October 2015 between Wuthikorn, Kunpawee and Polar as Polar has purchased such ordinary shares from Wuthikorn, Kunpawee, the instruments of the Shares transfer has duly executed by Polar and Wuthikorn, Kunpawee, reflecting the sale and transfer of the Shares to Polar and the Share Register Book of the Company shall record such transfer after the release of the Pledge from the Bank.