Memorandum of Understanding (MOU) Methods for Administration and Management of the Senior Complex

Memorandum of Understanding (MOU) Methods for Administration and Management of the Senior Complex October 20, 2018 between Lopburi Theater Company Limited and Uttapanich Property Company Limited Limited and CHB Karnchang Limited Partnership and Thipwimanthong Company Limited and ATL Group Company Limited Senior Complex, Public Sector, Private Sector Project for Cooperative Members and members of government officials as well as the general public This Memorandum of Understanding was made between CHB Karnchang Limited Partnership and AATL Group Company Limited by Dr. Samai Heman, who signed the document, who supported the project. C-nier Complex, Pracharath, Private Sector from Department of Elderly Affairs Ministry of Social Development There is an important document showing book number 4040/3149, Department of Elderly Affairs. The Ministry of Social Development consists of and a book from making a contract requesting the use of members of the Korat Housing Service Cooperative and the Nakhon Ratchasima Teacher Savings Cooperative and a request for cooperation from the Provincial Waterworks Savings Cooperative. of Thailand Office No. 30, Village No. 9, Moo Mon Subdistrict, Mueang Udon Thani District, Udon Thani Province 41000, hereinafter referred to as "Parties 1" with 1. Lopburi Theater Company Limited and 2. Uttapanich Property Company Limited and 3. CHB Karnchang Limited Partnership and 4. Thipwimanthong Company Limited and 5. AAT A Company L Group Co., Ltd., hereinafter referred to as the “five parties” This memorandum is made to be a memorandum of agreement for the construction of condominiums in the Senior Complex, Pracharath, and private sector projects for cooperative members with an estimated budget of 1,800 million baht (one billion and eight hundred million baht), with the following matters: Article 1 construction of condominiums Senior Complex project, public sector, private sector and cooperative members of all groups, budget 6500 million baht (six thousand and five hundred million baht) by Thipwimanthong Company Limited as the project owner and construction by ATL Group Company Limited and the Company Uttaphanich Property and CHB Karnchang Limited Partnership and Lopburi Theater Company Limited procure land, procure contractors and supervise the construction of the said project. Thipwimanthong Co., Ltd. is an investor and operates financial management and all financial transactions in all projects under this agreement. Operation of the project There are various expenses such as construction costs, land costs, administrative expenses. After all expenses have been deducted Profits and Benefits In selling the building, condominium, profit will be divided between the parties 1 and 5 parties each holding shares as follows: Thipwimanthong Co., Ltd. holds 40% and Uttapanich Property Co., Ltd. holds 20%. and CHB Karnchang Limited Partnership holds 5% and ATL Group Company Limited 25%, Lopburi Theater Company Limited 10% Article 2 The 5 parties to the contract must make a letter of guarantee for the work contract. A copy of the project land of the project to give to the contracting party 1 and then bring the signed contract. Agreed on the employment of stamp duty instruments with the Revenue Department. Next, the 5 parties will have to make a letter of guarantee. is the project land of various projects already given to the contracting party 1 In addition, the 4 contracting parties must bring the construction contracts for each project. And document financial contracts (work contracts) hurry to prepare documents according to the contract agreement to complete. for a reasonable period of time After the four parties Has signed the MOU agreement is completed. Contract party 1 has prepared documents and is ready to deliver documents made such as plans, BOQ and other relevant documents. to the fifth contracting party to study the details and consider the project so that the four contracting parties will be able to accelerate the use of money for the development and construction of the project to complete the project as scheduled and according to the objectives of the joint project development of the four parties until completion, including related projects Several projects are defined in each region. If the fifth contracting party does not bring money for project development according to the objectives of the MOU and damages the project development According to the objectives of the MOU, the parties to 1-2-3-4 -5 allow AATL Group Company Limited by Dr. Samai Hemman to investigate and find that there is no intention to bring money to develop such projects. causing the breach of such contract All contract parties Thipwimanthong Co., Ltd. agree to a fine of 3 times the project value in every MOU, and the contract party that Thipwimanthong Co., Ltd. is willing to pay a fine of 3 times in the period of one year. Documents of this memorandum prepared as The two copies have the same exact text and the details are known to both parties. Both Contracts 1 and Parties 5 have read and understood and must comply with the Memorandum of Understanding. The two therefore signed together as evidence and kept each other's copy and was effective from the date of signing onwards.