THIS DEED OF SETTLEMENT (this “Deed”), dated and effective as of the 15th of June 2014 (“Effective Date”), is made  

BETWEEN 

1. SANUM INVESTMENTS LIMITED (“Sanum”) of Avenida da Amizade, No. 1321, Edf. Hung On Center, 7 andar X, Macau, an enterprise established on 14 July 2005 under the laws of the Macau Special Administrative Region of the People’s Republic of China, in the business of, inter alia, developing and operating resort and hotel gaming facilities in the Lao People’s Democratic Republic. 

2. LAO HOLDINGS N.V. (“Lao Holdings”), a company formed in Aruba, the Netherlands, in January 2012. 

(collectively “the Claimants”) 

AND 

3. THE GOVERNMENT OF THE LAO PEOPLE’S DEMOCRATIC REPUBLIC (“Laos”) Ministry of Planning and Investment, Souphanouvong Road, Vientiane, Lao PDR 01001.