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LIPPO-MAPLETREE - Lippo Malls Indonesia Retail Trust - Investor ...

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Appendix Bmonths from the date of the ordinary resolution, the <strong>Trust</strong>ee shall exercise the put option. In the event thatan ordinary resolution is not passed in favour of retaining these four retail spaces, the <strong>Trust</strong>ee shall beentitled to exercise the put option within three months of the date of the meeting of the Unitholders.Upon the <strong>Trust</strong>ee’s exercise of the put option in relation to one of these four <strong>Retail</strong> Spaces, the MasterLessee will be required to purchase the relevant <strong>Retail</strong> Spaces at the consideration as described in“Certain Agreements Relating to LMIR <strong>Trust</strong> and the Properties—Description of the Put OptionAgreements” of the Prospectus.(g) Letter of UndertakingOn 9 August 2007, the <strong>Trust</strong>ee, the Manager and the Sponsor entered into a letter of undertaking, pursuantto which the Sponsor will use its best endeavours to procure that the relevant <strong>Retail</strong> Space PropertyCompanies obtain the strata titles to the Metropolis Town Square Units, Depok Town Square Units, MalangTown Square Units and Grand Palladium Medan Units.16. Future changes in accounting standardsThe following new or revised FRS that have been issued will be effective in future and may be relevant tothe entity.FRS No.TitleEffective date forperiods beginningon or afterFRS 108 Operating Segments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1.2009INT FRS 112 Service Concessions Arrangements. . . . . . . . . . . . . . . . . . . . . . . . . 1.1.2008B-26

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