THIS PROMISSORY NOTE, is made on December 27, 2012.
by and among
Mr.Varut Bulakul (hereinafter, known as "Borrower") and
Ban Chang Group Plc. (hereinafter, known as "Lender"),
Borrower promises to pay to Lender as follows
14,749,238.90 Baht (Fourteen Million Seven Hundred Forty Nine Thousand Two Hundred Thirty Eight Baht and Ninety Satang)
WITH ANNUAL INTEREST PERCENTAGE RATE 2.50 %
Lending Period : Start from December 27, 2012.
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
Agreed To:
______________________________
Borrower: Mr. Varut Bulakul