TELECOMASIA CORPORATION PUBLIC COMPANY LllvfiTED, a public company with limited liability incorporated under the laws of the Kingdom of Thailand ("TA''), for value received, hereby promises to pay to the order of the Beneficiary in Yen in immediately available funds, to an account designated by the Agent or at such other place as the Agent shall notify TA in writing, an aggregate principal amount equal to Yen 1,193,170,047.96
repayable on 151
July, 2017 subject to prepayments made in accordance with the
Deferred Payment Note Agreement dated 22n December, 1999 (the "Deferred Payment Note Agreement") between TA, The Chase Manhattan Bank as agent and the Subordinated
( Creditors defined therein (including the Beneficiary).
This Deferred Payment Note is one of the Deferred Payment Notes referred to in the Deferred Payment Note Agreement and is subject to the Deferred Payment Note Agreement. Capitalised terms used but not defined herein shall have the meaning specified in the Deferred Payment Note Agreement.
This Deferred Payment Note shall be governed by, and construed and interpreted in accordance with, the laws of England. For the avoidance of doubt, this Deferred Payment Note shall not constitute a promissory note under Thai law.