TNPF - The Stock Exchange of Thailand

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1.2 Value of the Initial Investment Property of the Fund The initial investment property of the Fund will be acquired from Trinity Assets Co., Ltd., details are as follows: The Acquisition Cost of Assets (a) Glow Trinity Silom Buliding and Glow Trinity Silom Arcade Purchase price of building and arcade not exceeding Baht 553,710,000 and Purchase price of furniture, fixtures and equipment not exceeding Baht 10,913,000 (b) Plaza Building Not exceeding Baht 124,000,000 Total Not exceeding Baht 688,623,000 The Appraisal Value of the Initial Investment Property of the Fund The Appraisal Value by 2 Appraisal Company are as follows: (a) Appraiser : Brooke Real Estate Co.,Ltd. (Income Approach) Project Appraisal Value Date of Appraisal ( Baht) Glow Trinity Silom Buliding 525,000,000 1 September 2010 Glow Trinity Silom Arcade 77,000,000 1 September 2010 Plaza Building 126,000,000 1 September 2010 Total 728,000,000 (b) Appraiser : Candor Consultant Co.,Ltd . (Income Approach) Project Appraisal Value Date of Appraisal ( Baht) Glow Trinity Silom Buliding 520,400,000 1 September 2010 Glow Trinity Silom Arcade 71,660,000 1 September 2010 Plaza Building 124,000,000 1 September 2010 Total 716,060,000 Information Memorandum of Trinity Property Fund 8
The appraisal value of Brooke Real Estate Co.,Ltd.., if adjusted by the benefit procurement agreement and forecast asset value of 10 years by which the Fund will not receive all income of the asset but due to the income guarantee during the initial 4 years lease (in case of extension of lease) will increase to 770,000,000 Baht The appraisal value of Candor Consultant Co.,Ltd.., if adjusted by the benefit procurement agreement and forecast asset value of 7 years by which the Fund will not receive all income of the asset but due to the income guarantee during the initial 4 years lease (in case of extension of lease) will increase to 743,000,000 Baht The Fund will purchase the property at the value of 688,623,000 Baht which is lower than the minimum appraisal value by 7.32 %. (Candor Consultant Co.,Ltd . adjusted in accordance with the benefit procurement agreement) 1.3 General Benefits of the Fund Glow Trinity Silom Building The Fund shall lease Glow Trinity Silom Building, public utilities system, furniture fixtures and equipment (FF&E) of Glow Trinity Silom Building to Trinity Assets Co., Ltd. for the period of 3 years. Upon the expiration of the lease term, the Fund is able to consider allowing the existing lessee to extend the lease agreement for another three years each. For the purpose of leasing the aforesaid assets, the fixed rental income is the main income of the Fund. However, in case of extension of the lease agreement with the existing lessee or the new lessee, the Fund and the lessee shall maintain the fixed rental income as the main income of the Fund. The fixed rental income and the variable income should not be lower than the existing rental rate unless there is any circumstance that beyond control of the parties Plaza Building and Glow Trinity Silom Arcade The Fund shall lease Plaza Building and Glow Trinity Silom Arcade, public utilities system, fixtures and equipment of Glow Trinity Silom Building to Trinity Assets Co., Ltd. for the period of 3 years. Upon the expiration of the lease term, the Fund is able to consider allowing the existing lessee to extend the lease agreement for another three years each on the condition that the rental will be Information Memorandum of Trinity Property Fund 9
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: Glow Trinity Silom Arcade Items 200
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 and 22: Rights and Duties of Lessee after t
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:
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