11. ARBITRATION
11.1. Any dispute arising out of or in connection with the formation, performance, interpretation, nullification, termination or invalidation of this Agreement, in any manner whatsoever, shall be submitted to a binding arbitration in accordance with the provisions set forth in the Arbitration Rules of the Thailand Commercial Arbitration Board and one or more arbitrators shall be appointed through the Parties’ agreement and within the scope of the aforementioned Arbitration rules, the content of which, incorporated by reference into this clause.
11.2. The venue for the arbitration shall be Bangkok, Thailand and the language of the arbitration proceedings shall be English. The arbitrators shall render the award on the basis of this Agreement. The arbitration award shall be accepted by the Parties to this Agreement as being final and binding.