63 (3) Gas Sale and Purchase Agreement The Company has entered into Gas Sale and Purchase Agreement with PTT Public Company Limited (PTT) two agreements for the quantity and price as specified in the agreement. The agreement is for a period of 1 years and 5 years starting from effective date in specified agreements and will end in June 2023 and April 2026. The agreement can be extended under the conditions stipulated in the agreement. (4) Petroleum Products Sales and Purchase Agreement The Company has entered into a sales and purchases agreement of petroleum products with a related party, with agreed quantity and prices as specified in the agreement. The agreement is for a period of 15 years from the effective date specified in the agreement and will end in February 2028, unless both parties agree to terminate the agreement before the expiry date by written notify. (5) Power and Steam Sale and Purchase Agreements The Company has entered into the Power Sale and Purchase Agreement and Steam Sale and Purchase Agreement with a related party to purchase electricity and steam according to the agreements. The term of the Power Sale and Purchase Agreement is 25 years, and the term of the Steam Sale and Purchase Agreement is 27 years and shall expire on 14 November 2042. (6) Compensation Agreement for Emission Reduction On 29 November 2019, the Company has entered into the Compensation Agreement for Emission Reduction of Nitrogen Oxides with a related party to provide the emission reduction of Nitrogen Oxides service within IRPC Industrial Park. The Company will receive compensation as specified in the agreement which is effective from 29 November 2019 until 31 December 2028. (7) Various Service Agreement The Company has entered into the Service Agreement with a related party to provide the accounting, finance, procurement, maintenance of power plant and other management services. The term of the agreement is 2 years from the effective date as stipulated in such agreement and shall expire within December 2024. The service fees are stipulated in the agreements. 356 IRPC Public Company Limited Notes to the Consolidate Financial Statements
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