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| Asset brokers |
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| 1. For your information |
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The information on assets, prices, conditions and details as presented on this website are
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| intended for the purpose of advertisement and reference only. They are not offers to sell |
| assets to persons who have prepared the offer to purchase or bidders of the company, |
| thereby having no binding effect upon sellers until approval to sell assets is given in |
| accordance to the rules and regulations of the company, a letter accepting the purchasing |
| offer is given, and persons offering to purchase complete all purchasing steps. |
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Only the information on assets, prices, conditions and other details as shown on this
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| website are valid at present. Therefore, there could be changes to this information before |
| acceptance of an offer to purchase can be announced to any person without any prior
notice. |
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Sellers may, at their sole discretion, reserve the right to sell, suspend, or cancel the sale
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of any assets as shown on this website without prior notice.
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Under no circumstance shall sellers be held liable to any damages caused as a result of
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| copying, duplication or distribution of information which may cause it to differ from that |
| contained on this website at that time. |
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The above mentioned information was last updated on April 30 th , 2005 |
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2. Rights and duties of brokers representing sellers |
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Brokers may represent sellers once they receive approval from sellers. The broker |
| period lasts for 1 year from the approval date. |
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Brokers shall receive commission fees at a rate of 3% of the asset price, which is no
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| more than 10 million baht. For assets worth more than 10 million baht, brokers shall |
| agree to give sellers the authority to set commission fees at their sole discretion. |
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Brokers shall receive commission fees once they have completed all the following
tasks. |
| 1.
Make contact / inspect assets / provide information in detail on assets to
interested parties.
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| 2.
Coordinate between interested parties and sellers
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| 3.
Draw up an offer to purchase letter for buyers and sellers / draw up proof of
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| payment on the day the offer to purchase is produced / draw up proof of additional |
| deposit payments for sellers |
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Draw up an agreement to sell and to buy / draw up a purchasing contract /
register the purchase at land offices.
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| 5.
Make full payment to sellers
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Sellers shall pay commission fees to brokers within 15 business days from the day |
| sellers register the purchase and receive full payment from purchasers. |
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Payment, according to the purchasing steps shown on this website, requires that
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| brokers inform interested parties to make direct payments to sellers. Brokers are |
| prohibited from receiving any payments from interested parties on behalf of sellers. |
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Brokers must agree to bring interested parties to inspect the assets. Brokers may
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| receive the key to each asset from sellers once they have placed a 1,000 baht guarantee |
| per asset. Brokers must bring the key back to sellers within 3 days of the day they |
| received the key. If brokers do not return the key within said period, brokers must agree |
| to be fined 100 baht for each day until the key is returned. Brokers shall agree to allow |
| sellers to keep the entire guarantee paid for any damages and losses and must agree to |
| pay compensations for any damages and/or losses. |
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Brokers must agree that sellers have a binding effect with the interested parties in
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| terms of asset information, conditions and regulations that the brokers present to |
| interested parties as advertised by sellers on the website at that time. |
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Brokers must perform their duties in good faith.
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Under no circumstance shall brokers become the brokers for interested parties.
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If brokers commit any acts deemed to cause damages to sellers whether they are |
| intentional or unintentional, brokers must agree to pay compensations for damages to |
| sellers immediately when informed by the sellers. Brokers must not attempt to settle the
matter in court. |
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Brokers have no right to allow any other person act as a sub-broker. Therefore, brokers
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| have no authority to transfer the broker's rights given by the sellers to any other persons. |
| Brokers do not have the authority to give or transfer any benefits or rights to other |
| persons unless a written consent is given by the sellers. |
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If brokers violate any abovementioned conditions, they shall agree to allow sellers to
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| cancel their broker service. Once a broker service is cancelled, the broker must halt any |
| transactions concerning the seller's asset. |
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