Regarding the cooperative development and operation process of operating the

KRA Canal, the recommendations are as follows:-

1. The Canal Project Party (TBN Company) submitted the original documents for verification
by the investor, and the investor submitted a proof of funds (not less than 15 billion US
dollars).

2. The two parties exchange opinions on cooperation conditions and sign a memorandum of
cooperation framework. The investor provides a letter of intent for investment, a
cooperation agreement and a certificate of funds.

3. The total construction cost of the canal is estimated to be USD 50 billion, and the investor
will prove the funds (the investor can invest in full but not less than 30% of the total
construction cost, which is USD 15 billion, and the remaining amount will be separately
provided by TBN (Raising), the fund certificate will be sent to the project bank in Bangkok
Bangkok, Thailand by bank SWIFT MT-799, and transferred from TBN to the Thai cabinet,
and arrange for investors to visit the Thai canal authority and senior officials in Thailand.

4. The two parties formally signed the contract (divided into two parts: A. investment
development and construction of the canal. B. management and operation of the canal)

5. The investor transferred US $ 5 billion to 10 billion (that is, 10% ~ 20% of the canal
development funds) to a special account as a self-prepared fund and announced the launch
of the canal development.

6. According to the needs of the project party, the investor plans to deliver one billion dollars
to the project party for the project's special funds. The project party must report to the
investor on the use of funds on schedule and attach relevant invoices, receipts, documents
and bank statements in a show of good faith.

7. The investor performs project contracting, review, construction acceptance and payment in
accordance with the feasibility report and construction specifications. The investor must
propose to the project party to ensure the reliability of subsequent funds or the project
party should seek another investment partner to make up the shortfall.

8. After the completion of the canal, it will be transferred to the canal management and
operation company (the shareholding ratio and the agreement are also specified in the
contract). The canal will begin operation and the operation period will be in accordance
with the Thai law (30 + 30 years).

Note: After the general election, the Thai government will modify the operation right to 99 years,
and the Canal Project will be put on file as the primary promotion project of the next
government.

Note: The Thai government does not participate in the development and operation of the canal.
In addition to border control and quarantine work, the canal operation management company
operates independently in accordance with relevant Thai laws and regulations.

The operating model of this B canal will be based on the model of the Panama Canal.
Ancillary projects along the canal:

1. Canal

2. Oil refineries

3. steelmaking plant

4. Airport

5. High-speed railway

6. Digital City

7. Dock

8. Port affairs

9. Special economic zones

10. Halal food processing area

11. Two free trade zones (one each on the east and west of the canal, with the South China Sea
to the east and the Shanghai free trade docking alliance, and the west to the Indian Ocean
and Dubai docking)

12. Power plant

13. Three crossing tunnels (estimated).