TNPF - The Stock Exchange of Thailand

Transfer of
ownership,
ownership
transfer
registration, and
transfer of
occupancy
1. The parties agree to submit this agreement for the registration of
the transfer of ownership of the Initial Investment Property with
the competent official at the Land Office, Bangkok, within 30
business days of the Funds registration of its asset pool as a
mutual fund with the Office of the SEC. The effective date of
such registration shall be deemed to be the Funds first day of
investment
2. The Seller agrees to transfer the ownership and occupancy of
the Initial Investment Property to the Fund, and the Fund agrees
to accept the transfer of ownership and occupancy of the Initial
Investment Property from the Seller in as-is condition
As-is condition refers the condition of the Initial Investment
Property taking into consideration its general use and duration of
use. For the avoidance of doubt, as-is condition does not
include defects or damage to the extent that the Initial
Investment Property is rendered unusable pursuant to its
objectives
The parties agree that the transfer of occupancy shall become
valid and effective as soon as the registration becomes effective
under the law (the Ownership Transfer Day)
3. The Purchaser shall become entitled to benefits, rights, and
obligations from or related to the property to purchase and sell
which arise as from 24.00 hr. of the day before the Ownership
Transfer Day
The Seller shall become entitled to benefits, rights, and
obligations from or related to the property to purchase and sell
which arise before 24.00 hr. of the day before the Ownership
Transfer Day
The Seller agrees to perform any act necessary for the delivery of the
original title documents related to the Initial Investment Property on
the Ownership Transfer Day and the delivery of the original
documents related to the property, for instance construction permits,
the plans of Glow Trinity Silom Building, the letter of notification of
ownership transfer issued to the parties and the Sellers connected
third parties, and any other documents related to the transfer of
ownership of the Initial Investment Property
The Seller agrees to transfer the public utilities system to the Fund
within 30 days of the Ownership Transfer Day, including performing
any act necessary for the transfer of the public utilities system
Information Memorandum of Trinity Property Fund 11