PPGCT means PHNOM PENH GOLDEN CORRIDOR TRADING CO. LTD., (Commercial Registration ID No.: Co. 1800KH/2013), a private limited company incorporated under the laws of the Kingdom of Cambodia having its head office at No.56AB Third Floor, Street 432, Sangkat Tuol Tompoung 1, Khan Chamkar Mon, Phnom Penh, Kingdom of Cambodia, and an address at No. 1EO, Street 211/138, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Kingdom of Cambodia .
To the Knowledge of Kao, there is no Litigation pending or threatened before any court or by or before any governmental or regulatory authority or arbitrator (a) affecting PPGCT (as plaintiff or defendant) or (b) against PPGCT relating to PPGCT Common Stock or the transactions contemplated by this Agreement.
To the Knowledge of Kao, PPGCT has good, clear and marketable title to all the tangible properties and tangible assets reflected in the Financial Statements as being owned by PPGCT or acquired after the date thereof which are, individually or in the aggregate, material to PPGCT's business (except properties sold or otherwise disposed of since the date thereof in the ordinary course of business), free and clear of all material liens.
The issued and outstanding shares of PPGCT Common Stock constitute one hundred percent (100%) of the issued and outstanding capital stock of PPGCT.
To the Knowledge of Kao, the Financial Statements (a) have been prepared in accordance with the books of account and records of PPGCT; (b) fairly present, and are true, correct and complete statements in all material respects of PPGCT's financial condition and the results of its operations at the dates and for the periods specified in those statements; and (c) have been prepared in accordance with generally accepted accounting principles acceptable to the Company consistently applied with prior periods.
PPGCT has issued and outstanding One Thousand (1,000) shares of PPGCT Common Stock at 4,000,000 Riels each.