Procedures:
Have the INVESTMENT CORPORATION DEVELOPMENT PHONG PHU LANG CO sign the NCND Confidentiality Agreement. I have attached another copy that Mr. Ben has signed on behalf of Pacific Capital Holdings Ltd.
Identify the 92 hectares that the INVESTMENT CORPORATION DEVELOPMENT PHONG PHU LANG CO will keep and not transfer to Pacific Capital Holdings Ltd. within the project site. I have attached a copy of the Project Site map you previously provided so that you may identify the 92 hectares on it.
Have the Chan May-Lang Company and the Peoples Committee of the Thua Thien Hue Province provide pricing and terms for the land lease on the 200 hectares for Pacific Capital Holdings Ltd. Since there has been a change we want to confirm the pricing.
Confirm the investment requirements to secure a gaming license for 200 gaming tables and 2,000 electronic prized gaming machines for our Destination Resort Project.
Have the Chan May-Lang Company and the Peoples Committee of the Thua Thien Hue Province confirm that they will issue a new investment certificate or amend the current investment certificate to include the specific terms outlined in the attached Project Plan. The investment amounts and dates on the attached Project Plan will be completed and sent in a separate e-mail.
Confirm the investment requirements to secure a gaming license for 200 gaming tables and 2,000 electronic prized gaming machines for our Destination Resort Project.
Have the Chan May-Lang Company and the Peoples Committee of the Thua Thien Hue Province provide letters to support the Project with recommendations to the Central Government ministers of Finance and Development to grant a casino licenses to Pacific Capital Holdings Ltd. Destination Resort Project.
Negotiate the transfer price agreement with the INVESTMENT CORPORATION DEVELOPMENT PHONG PHU LANG CO.
Once these steps are completed Pacific Capital Holdings Ltd. will provide a Transfer Agreement for the acquisition of the rights to the 200 hectares in the Project Site.
The Transfer Agreement will be subject to the contingencies that the Chan May-Lang Company and the Peoples Committee of the Thua Thien Hue Province issue an Investment Certificate for Pacific Capital Holdings Ltd. Destination Resort Project and transfer the land leases for the project to Pacific Capital Holdings Ltd.
The Transfer Agreement is additionally contingent on the Investment Certificate permitting, at least conditionally, casino gaming with 200 gaming tables and 2,000 electronic prized gaming machines similar to what was permitted for the Grand in Ho Tram.
When all conditions precedent and contingencies in the Transfer Agreement are satisfied, Pacific Capital Holdings Ltd. wilt make payment to the INVESTMENT CORPORATION DEVELOPMENT PHONG PHU LANG CO and the Chan May-Lang Company and the Thua Thien Hue Province for the agreed amounts.