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set out in such agreement 2.4 Upon termination of the Property Management Agreement pursuant to the provisions of the Property Management Agreement, the Lessee shall jointly discuss with the Fund on the appointment of a new property manager, if any 3. The Lessee shall carry out things as may be necessary to acquire or assign hotel operation permit as well as other relevant permits 4. The Lessee shall pay the land and building tax or any fee imposed by the relevant authorities arising out of or in connection with use of the Leased Properties from the effective date of this agreement onwards In the event that the Lessor pays the land and building tax or any fees imposed by the relevant authorities from the effective date of this agreement onwards, arising out of or in connection with use of the Leased Properties, the Lessee shall reimburse the land and building tax or fees to the Lessor in full within 30 business days from the receipt date of a written notice from the Fund 5. The Lessee shall open and maintain the following bank accounts as mutually agreed by the parties - Revenue Account of the Lessee - Operating Expense Account of the Lessee The Lessee shall enter into an assignment agreement of right over such accounts with the Fund where the right over the accounts shall be unconditionally assigned to the Fund as of the termination date of this Lease Agreement. However, the assignment shall be required only when the Lessee has outstanding debt owing to the Fund 6. During the lease term, the Lessee shall furnish the following documents to the Fund a. Management account report, including revenue and expense in each month as well as detailed calculation of the rent under this agreement, within 15 business days from the last day of each month b. Audited annual financial statements of the Lessee as of December 31 of each year, prepared by the Lessees auditor as approved by the Fund, within 20 business days from the last day of December c. Projection of revenues and expenses for the next fiscal Information Memorandum of Trinity Property Fund 22
year (Budget) consisting of:- (1) Projected revenues and expenses as well as operating expenses of Glow Trinity Silom Building (2) Capital Expenditure Budget In preparation of the Budget, the procedure shall be taken as follows:- (1) The Lessee shall prepare and propose Budget to the Fund for approval at least 45 business days prior to the end of each fiscal year. The Fund will approve and so notify the Lessee within 30 business days from the receipt date of the Budget from the Lessee Should the Fund not so notify within the given period, it is agreed that the Budget shall be in accordance with the budget proposed by the Lessee With respect to the first budget, the Lessee agreed to prepare and propose to the Fund for approval within 45 business days from the effective date of this agreement (2) In the event that the Fund rejects the detailed budget, it is agreed to temporarily use the last years detailed budget until the issues have been resolved. The parties shall resolve the issues within 45 business days from the date commencing the fiscal year at issue or within an agreed period (3) Where the parties cannot resolve the issue, the Fund will determine the detailed budget by giving into consideration the Funds objectives and appropriate business operation direction. The decision of the Fund shall be conclusive and binding the parties (4) Where any other expense, in the Lessees view, is urgently necessary and reasonable to carry out the business of Glow Trinity Silom Building and/or for security of customers in Glow Trinity Silom Building, which are not covered by the approved Budget of the Lessee, and unable to propose for prior approval of the Fund as required by this agreement, then the Lessee may incur those expenses without the Funds approval. However, the aggregated amount of such expenses shall not exceed Baht 500,000 per payment nor exceed Baht 1,000,000 per year. In this regard, the Lessee shall report such payment to the Fund in writing within 15 business days from the date Information Memorandum of Trinity Property Fund 23
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 and 20: Leased Properties 1. The 1 ngan and
Page 21: Rights and Duties of Lessee after t
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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