In addition, on the issuance date of the Existing Notes, Ajethai Co. Ltd., Ayacucho Preforms Co. Ltd. and Kola Real Trading, Co. Ltd. (the "Thailand Subsidiaries") were not able to provide a Guarantee and, on the issuance date of the New Notes, the Thailand Subsidiaries will not be able to provide a Guarantee, because they must first apply for and obtain a foreign business license from the Thai Ministry of Commerce. The Thailand Subsidiaries initiated the application process with the Thai government in May 2012 but they have not filed the applications.