(i) No Event of Default or Potential Event of Default has occurred (which, in
either case, has not been waived or remedied) and none will occur as a result
of the utilisation;
(ii) All representations and warranties in Clause 14 of the Agreement remain true
and correct in all material respects as if given today by reference to the facts
and circumstances now existing;
(iii) There has been no Material Adverse Effect; and
(iv) No litigation, arbitration or administrative proceeding is taking place or
pending against Krungthep Rimnam Limited and the Fund which could
reasonably be expected to have a Material Adverse Effect.