Please confirm if my understanding is correct:
1. Bangkok Glass Co., Ltd. (the Licencee) will install and maintain the advertising board at its sole/own expense.
2. The Licencee will apply for all the relevant permits/licences and insurance policies (and furnish the same to us)
3. The advertising board (its size, location, installation method, contents, etc) must be approved by HRB
4. The advertising board must not obstruct HRB's signage (which will be in the approximate location as the previous White Orchid signage)
5. The advertisements must be approved by HRB (approvals will not be unreasonably withheld)
6. Assignment, termination and pre-determination notices to be agreed upon
Management has any views on this matter?