TNPF - The Stock Exchange of Thailand
TNPF - The Stock Exchange of Thailand
TNPF - The Stock Exchange of Thailand
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Leased Properties 1. <strong>The</strong> 1 ngan and 96 4/10 -square-wah land and the 98 2/10 -squarewah<br />
land under the title deeds no. 3147 and no. 43104,<br />
located at Tambon Silom (Sathorn), Amphoe Bangrak,<br />
Bangkok<br />
Lease Term<br />
Rent<br />
2. <strong>The</strong> six-story Glow Trinity Silom Building, located at No. 150<br />
Soi Pipat 2, Silom Road, Bangrak District, Bangkok on the land<br />
plot in Item 1 with an approximate area <strong>of</strong> 3,428 square meters<br />
3. Public utilities system; and<br />
4. Relevant furniture, fixtures and equipment installed and used<br />
in Glow Trinity Silom Building<br />
(Collectively, the Leased Properties)<br />
3 years from the effective date <strong>of</strong> the Lease Agreement, and after<br />
the expiration, the Fund may allow the Lessee to renew the term for<br />
successive period(s) <strong>of</strong> 3 years each<br />
Rent consists <strong>of</strong>:-<br />
1. Fixed Rent<br />
Fixed Rent : Baht 37,345,597 per year<br />
(Annual Fixed Rent) from the commencement date <strong>of</strong> the<br />
lease term, payable on a monthly basis in the approximate<br />
amount <strong>of</strong> Baht 3,112,133 (Monthly Fixed Rent). <strong>The</strong> Annual<br />
Fixed Rent will be calculated from January 1 to December 31<br />
<strong>of</strong> each year, except for the first and last years that will be<br />
calculated proportionately from the commencement date to<br />
December 31 <strong>of</strong> such year<br />
1.1 In relation to the payment <strong>of</strong> Fixed Rent in any month, the<br />
Lessee may pay to the Fund the Fixed Rent in the amount<br />
less than the Monthly Fixed Rent without default<br />
In each quarter from the commencement date <strong>of</strong> the<br />
lease term, if the Lessee pays to the Fund the Fixed Rent<br />
in the amount less than the required amount due in such<br />
quarter, it shall be deemed that the Lessee defaults on<br />
payment<br />
1.2 <strong>The</strong> remaining amount <strong>of</strong> the Fixed Rent that the Fund has<br />
not received in such period shall be deemed the<br />
Accrued Unpaid Amount and the Lessee shall repay the<br />
same to the Fund in the following order<br />
(a) Fixed Rent<br />
(b) Accrued Unpaid Amount<br />
(c) Variable Rent<br />
Information Memorandum <strong>of</strong> Trinity Property Fund 19