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TNPF - The Stock Exchange of Thailand

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Consequences <strong>of</strong><br />

Default or<br />

Termination<br />

the Lessee shall rectify its default within 30 days after the<br />

receipt date <strong>of</strong> such notice<br />

If the Lessee fails to rectify and duly comply with the<br />

Agreement within the given period or any other agreed period,<br />

the Fund may terminate this Agreement<br />

Upon occurrence <strong>of</strong> any event <strong>of</strong> default or termination event in<br />

Items 1-3, the Fund may terminate this Agreement by giving a<br />

written notice to the Lessee at least 7 days in advance. <strong>The</strong> Fund<br />

will have the right to claim from the Lessee for the outstanding rent<br />

(if any) due and payable prior to the termination <strong>of</strong> the Lease<br />

Agreement, including damages under the applicable law<br />

Upon occurrence <strong>of</strong> any event <strong>of</strong> default or termination event in<br />

Items 4 and 5, the Lease Agreement shall be terminated and each<br />

party shall have no right to claim for damages, expenses, monies or<br />

any other compensation from the other party. However, the Fund<br />

shall still have the right to claim from the Lessee for the outstanding<br />

rent (if any) due and payable prior to the termination <strong>of</strong> the Lease<br />

Agreement<br />

In the event that either party defaults on payment <strong>of</strong> any debt to the<br />

other party, the non-defaulting party may charge a penalty at 7.5%<br />

per annum <strong>of</strong> the outstanding debt until the payment has been fully<br />

made<br />

2 Lease Agreement <strong>of</strong> Plaza Building, Glow Trinity Silom Arcade and Related Furniture,<br />

Fixtures and Equipment<br />

Parties<br />

Leased Property<br />

Trinity Property Fund (the Lessor or the Fund)<br />

Silomall Co., Ltd. (the Lessee)<br />

1. Plaza Building<br />

1.1 Condominium Unit No. 425/128 (Basement), area <strong>of</strong> 342.81<br />

square meters and Unit No. 425/129 (1 st Floor), area <strong>of</strong><br />

333.08 square meters under Trinity Complex Condominium<br />

Project situated on the title deed no. 530, land no. 455,<br />

survey page 413, at Silom (Sathorn) Sub-district, Bangrak<br />

District, Bangkok and<br />

1.2 Public utilities system, fixtures and equipment<br />

2. Glow Trinity Silom Arcade<br />

Glow Trinity Silom Arcade and Public Utilities System<br />

3. Relevant furniture, fixtures and equipment installed and used in<br />

the Plaza Building and Glow Trinity Silom Arcade<br />

(collectively Leased Property)<br />

Information Memorandum <strong>of</strong> Trinity Property Fund 28

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