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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

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