(1) THAT, [savings] and [current] account(s) for THB (Thai Baht) be opened with Citibank N.A., Bangkok Branch (the Bank). In connection therewith, the Bank be instructed to operate, whether the said accounts be in credit or otherwise with Citibank N.A., Bangkok Branch to honour cheques, note, draft, bills of exchange or other instruments and promissory notes drawn, made or accepted on behalf of the Company and to act on any instruments or accept any receipts or documents relating to accounts, transactions or affairs of the Company.