Advice of Loan Payment of Sunflower Company Limited

THIP-SET/001/04 July 21th, 2004 Subject : Advice of Loan Payment of Sunflower Company Limited Attention : Director and Manager, SET According to the minute of meeting No.1/2547 held on April 26, 2004 approved payment term of Sunflower Company's Loan for 90 days (due on July 21,2004) interest rate 10% per annum including the revised of promissory note was required. There for, the term of payment was due yesterday (July 21,2004). We issued a letter to Sunflower Co.,Ltd. and were advised that their payment plan was to sell the land of sub ordinate company within 180 days since it was 90 days passed, they still could not sell out those land. The buyer need sometimes to analyze the project and investment. Sunflower Co.,Ltd. requested another 45 days to progress the loan payment. The payment date will be on September 3, 2004. They will arrange the sale contract for their land to get the down payment. The management committee considered this matter; do not allow for the extension period of loan payment and appoint the Managing Director to institute a lawsuit against Sunflower Co.,Ltd. These matter would bring to the board of director meeting again. There was no overdue of interest payment of Sunflower Co.,Ltd. please be informed accordingly. Very truly yours, (Viroon Powlinjong) Managing Director