TNPF - The Stock Exchange of Thailand
TNPF - The Stock Exchange of Thailand
TNPF - The Stock Exchange of Thailand
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Furthermore, such operation the Fund Manager will consider as appropriate under the relevant<br />
rules and regulations and in accordance with the detail prescribed in the Project.<br />
Prevention <strong>of</strong> Conflict <strong>of</strong> Interest<br />
Under the Undertaking Agreement between Trinity Assets Co., Ltd. and the Fund, Trinity Assets Co., Ltd.<br />
agrees that during the life <strong>of</strong> the Undertaking Agreement <strong>of</strong> 5 years, Trinity Assets Co., Ltd. and its<br />
shareholders who hold more than 10% <strong>of</strong> its issued shares and its affiliates (juristic persons which Trinity<br />
Assets Co., Ltd. holds more than 10% <strong>of</strong> their respective shares) will not conduct the same business as<br />
that <strong>of</strong> Glow Trinity Silom Building in the radius <strong>of</strong> Glow Trinity Silom Building whereby such radius are<br />
divided using traffic lights intersection as follows: To the north <strong>of</strong> Glow Trinity Silom Building, Glow Trinity<br />
Silom Arcade and Plaza Building, the edge <strong>of</strong> the area is within traffic light intersection <strong>of</strong> Silom Road and<br />
Naradhiwas Rajanagarindra Road. To the east <strong>of</strong> Glow Trinity Silom Building, Glow Trinity Silom Arcade<br />
and Plaza Building <strong>of</strong> 800 meters, the perimeter <strong>of</strong> the area is within traffic light intersection <strong>of</strong> Silom Road<br />
and Soi Saladaeng whereby such area will also include the midpoint <strong>of</strong> Silom Road. To the south <strong>of</strong> Glow<br />
Trinity Silom Building, Glow Trinity Silom Arcade and Plaza Building <strong>of</strong> 600 meters, the edge <strong>of</strong> the area is<br />
within traffic light intersection <strong>of</strong> Soi Saladaeng and South Sathorn Road whereby such area will also<br />
include the eastern area <strong>of</strong> Soi Saladaeng. To the west <strong>of</strong> Glow Trinity Silom Building, Glow Trinity Silom<br />
Arcade and Plaza Building <strong>of</strong> 825 meters, the edge <strong>of</strong> the area is within traffic light intersection <strong>of</strong> South<br />
Sathorn Road and Naradhiwas Rajanagarindra Road. Such area will include southern area <strong>of</strong> South<br />
Sathorn Road starting from 530 meters north <strong>of</strong> Naradhiwas Rajanagarindra Road to the traffic light<br />
intersection <strong>of</strong> Silom Road and Naradhiwas Rajanagarindra Road. <strong>The</strong> area is as specified in the<br />
Management Agreement unless consent from the Fund has been obtained, according to the perimeter <strong>of</strong><br />
area <strong>of</strong> non-competition.<br />
In addition, for Glow Trinity Silom Building, under the Management Agreement between Trinity at Silom<br />
Co., Ltd. and Invision Hospitality Co. Ltd., it has been specified that Invision Hospitality Company Limited<br />
as the Manager agrees that during the term <strong>of</strong> Management Agreement, Invision Hospitality Company<br />
Limited and its affiliates (juristic persons which Invision Hospitality Company Limited holds more than 10%<br />
<strong>of</strong> their respective shares) will not engage in a business which will compete with the assets which the<br />
Fund have invested, in the area where both parties have specified in such terms <strong>of</strong> engagement, unless<br />
consent has been obtained from the lessee <strong>of</strong> Glow Trinity Silom Building, and the Fund.<br />
Information Memorandum <strong>of</strong> Trinity Property Fund 31