Whereas our client Jiangsu Provincial Construction Group Co., Ltd.(Address: Block A, Shengjian Mansion, No.99, Yunlongshan Road, Jianye District, Nanjing, P.R.China) (“Applicant”) has entered into the contract of SIAM THAI DEVELOPMENT COMPANY THE GRAND ORIENTAL and its supplementary agreement (Contract No.: ) (“Contract”) with the Beneficiary dated July 2nd of 2014. And whereas the Contract contains an obligation on the part of Applicant to provide an advance payment security (“Advance Payment Security”) in the amount of USD 33,585,450 (say US DOLLARS Thirty-Three Million Five Hundred and Eighty-Five Thousand Four Hundred and Fifty only).