As of the date of this Agreement, the authorized capital stock of TDA is 100 consisting of One Hundred (100) shares of TDA Ordinary Stock at $1.00 (in Singapore Dollars) per share. TDA has issued and outstanding One Hundred (100) shares of TDA Ordinary Stock. The issued and outstanding shares of TDA Ordinary Stock constitute one hundred percent (100%) of the issued and outstanding capital stock of TDA. All of the outstanding shares of TDA Ordinary Stock have been duly authorized, are validly issued and outstanding, and are fully paid and non-assessable. There are no dividends which have accrued or been declared but are unpaid on the capital stock of TDA.