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

Appendix EADDENDUM—STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS1. An opinion of value will always involve a degree of subjectivity and uncertainty that will affect theprobability that the opinion of market value would be the same as the price achieved by an actual saleat the valuation date. The assessment of value is dependent upon the accuracy of the informationavailable to us pertaining to the Properties and the market, together the underlying conditions andassumptions made. If these conditions and assumptions are not fulfilled, all future projections and thevalue reflected herein should be reappraised in light of actual events.2. All information (facilities overview, estimates, and opinions) obtained from parties not employed by PTPenilai/Colliers International is assumed to be true and correct. PT Penilai/Colliers International canassume no liability resulting from misinformation.3. No responsibility is assumed for matters of a legal nature, nor do we renders any opinion as to land titleor leases, which is assumed to be marketable and free of any deed restrictions and easements.4. Unless noted, it is assumed that there are no encroachments or planning and building violationsencumbering the existing structure and / or proposed property.5. It is assumed that the Properties will be in full compliance with all applicable city, local and privatecodes, laws, consents, licenses and regulations (including an alcohol license where appropriate), andthat all licenses, permits, certificates, franchises and so forth can be freely renewed and/ortransferred to a purchaser.6. All mortgages, liens, encumbrances, lease, servitudes, arrears and penalties have been disregardedunless specified otherwise.7. No portion of this report may be reproduced in any form without the permission of PT Penilai/ColliersInternational.8. PT Penilai/ Colliers International is not required to give testimony or attendance in court by reason ofthis economic and valuation study without previous arrangements and only when our standard perdiem fees and travel costs are paid prior to the appearance.9. If the reader is making a fiduciary or individual investment decision and has any questions concerningthe material contained in this report, it is recommended that the reader contact PT Penilai/ ColliersInternational.10. The quality of the Properties on-site management has a direct effect on their economic viability andmarket value. The financial forecasts presented in this report assume both responsible ownership andcompetent management. Any variance from this assumption may have a significant impact on theforecast operating results.E-61