TNPF - The Stock Exchange of Thailand

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2. Variable Rent Variable Rent shall be calculated on the following formula. [ A x ( B - C - D - E F )] Whereat A = Variable Rent at 80 percent B = Operating revenue generated from Glow Trinity Silom Building in such particular month (e.g. revenues from rooms, meals, beverages and other operations) C = Operating costs incurred for Glow Trinity Silom Building in such particular month (e.g. operating costs for rooms, meals, beverages and other operations) D = Expenses arising out of operation of Glow Trinity Silom Building in such particular month (e.g. sale and management expenses etc.) E = Other expenses of Glow Trinity Silom Building in such particular month (e.g. building tax, insurance premium and management fee etc.) F = Fixed Rent (including Accrued Unpaid Amount) During the lease term, the parties agree to compare the Variable Rent actually paid already in each fiscal year (Paid Variable Rent) with the Variable Rent calculated from the financial information as shown in the audited annual financial statements of the Lessee that are submitted by the Lessee to the Fund (Actual Variable Rent) Both parties agree to jointly complete the calculation of the Actual Variable Rent within 20 business days after the end of fiscal year of the Fund (the Calculation Date) Where the Actual Variable Rent, after calculation, happens to be zero or lesser, the Lessee shall not be required to pay the Variable Rent to the Fund In the event that the Paid Variable Rent does not equal to the Actual Variable Rent, the parties agree as follows:- 2.1 If the Paid Variable Rent is more than the Actual Variable Rent, the Fund shall take any of the following actions (a) Return the balance to the Lessee within 15 business days Information Memorandum of Trinity Property Fund 20
Rights and Duties of Lessee after the Calculation Date; or (b) Offset the balance against the rent that the Fund is entitled to receive from the Lessee on the first payment of the Variable Rent from the Calculation Date by giving a written notice to the Lessee, within 15 business days after the Calculation Date 2.2 If the Paid Variable Rent is less than the Actual Variable Rent, the Lessee shall pay the balance to the Fund within 15 business days after the Calculation Date 1. The Lessee may construct structures or any fixtures, or modify or alter the Leased Properties in material respects in whole or in part, to be in line with the purpose of the lease; provided that the Lessee shall obtain the Funds written consent. The Fund will give or not give such consent in due time Those structures, additions, modifications or alternations and constructions shall be property of the Fund In the event that such structures, constructions, fixtures, modifications or alternations cause damages to any person or building or violate applicable laws, rules, regulations or ordinances of the relevant authorities, then the Lessee shall be held solely liable for damages 2. During the lease term, the Lessee shall engage Invision Hospitality Company Limited (Manager) to operate the business where the Lessee will have entered into or performed its obligations under the Property Management Agreement with Invision Hospitality Company Limited on the commencement date and the Lessee further agrees under the Property Management Agreement as follows:- 2.1 Terms and conditions of the Property Management Agreement shall not conflict with those of this Lease Agreement. In case of inconsistency between the agreements, the terms and conditions of this Lease Agreement shall prevail The Lessee shall procure the Manager to comply with the terms and conditions relating to the business operation of the Leased Properties pursuant to the Lease Agreement 2.2 The Lessee shall not terminate the Property Management Agreement for whatever reasons unless having obtained a prior written consent from the Fund 2.3 The Lessee shall upon the Funds request exercise its rights under the Property Management Agreement in accordance with the conditions, provisions and methods Information Memorandum of Trinity Property Fund 21
Page 1 and 2: - Information Memorandum - (Mutual
Page 3 and 4: 250 metres north of Sathorn Road th
Page 5 and 6: Investment in assets in Glow Trinit
Page 7 and 8: Glow Trinity Silom Arcade Items 200
Page 9 and 10: The appraisal value of Brooke Real
Page 11 and 12: Transfer of ownership, ownership tr
Page 13 and 14: with the Fund, in the case of the T
Page 15 and 16: 4.2 the agreement to purchase and s
Page 17 and 18: 2. The parties have agreed in writi
Page 19: Leased Properties 1. The 1 ngan and
Page 23 and 24: year (Budget) consisting of:- (1) P
Page 25 and 26: Maintenance of Leased Properties 3.
Page 27 and 28: Event of Default or Termination Eve
Page 29 and 30: Leased Term Rental Three years from
Page 31 and 32: Furthermore, such operation the Fun
Page 33 and 34: Mutual Fund Supervisor Name: CIMB T
Page 35 and 36: 2 The Management Company must notif
Page 37 and 38: (d) Unitholders who have conflicts
Page 39 and 40: (3) The Management Company will pay
Page 41 and 42: than one-third of the total number
Page 43 and 44: In the case of capital increase, th
Page 45 and 46: Rights of the Unitholders 1. Rights
Page 47 and 48: 5. Risk from the income of the Fund
Page 49 and 50: Reserve Fund for Renovation (Unit :
Page 51 and 52: Nevertheless, during the lease peri
Page 53 and 54: previous years, provided that such
Page 55 and 56: 2 Report of Investment or Disposal
Page 57 and 58: The Management Company or the Regis
Page 59 and 60: No. of Unitholders and Distribution
Page 61: Should the investor need more infor

TNPF - The Stock Exchange of Thailand

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