TPARK LOGISTICS PROPERTY FUND (TLOGIS)

E = monthly reserve for the replacement of equipment and major repairs to the
Properties (Reserve for Replacement). The annual Reserve for Replacement
shall not exceed Baht 4,000,000 and 10 (ten) per cent of net profit of the Fund
in such Year. There will be no Reserve for Replacement set for the years
2011 and 2012.
If the Property Management Fee calculated above becomes negative, the Property
Management Fee shall be deemed to be 0 (zero). And in such case, the Fund does not
have the obligation to pay Property Management Fee to the property manager.
(2) For the second management period from 1 January 2017 to 31 December 2019
The Property Management Fee shall comprise 3 (three) percent of the Property Gross
Revenue PLUS an incentive fee of 0 (zero) to 10 (ten) per cent of the Gross Operating
Profit of the Fund.
The total Property Management Fee and Other Fees shall not exceed 3 (three) percent
of the net asset value of the Fund.
Six month prior to the ending of the period in clause (1) or prior to 30 June 2016, the
Fund and the Property Manager may negotiate on details of the Cumulative Guaranteed
Amount to be provided by the Property Manager and the formula for the calculation of the
Property Management Fee, provided that the Fund Manager (on behalf of the Fund) will
take into account the benefit of the unitholders. With respect to the negotiation, the situation
of property industry, trend, the operation result of the Fund including performance of the
Property Manager in relation to the management of the Fund the will be also considered.
In addition to Property Management Fee, the Property Manager will be entitled to receive
other fees set out below:
• Brokerage fee for solicitation of a new tenant:
(a) For the first Management Period : there is no brokerage fee for solicitation of a new
tenant.
(b) For the second Management Period : for any new Lease and Service Agreement
entered into by a new tenant for a term of 3 (three) years or more, a commission
is equal to 2 (two) months rental and services fee with respect to such property.
In case of new Lease and Service Agreement has a term of shorter than 3 (three)
years, the lease commission payable to the Property Manager shall be adjusted
pro-rata to the 2 (two) months rental based on the length of the lease.
• Brokerage fee for acquiring and selling property : the Property Manager shall be entitled
to receive a commission of an amount equal to 3 (three) percent of the acquisition price
and selling price from each transaction.
5. Total value of transaction and value of retur :
Any agreement to enter into transactions, as in the Item No. 3, will be considered as connected
transactions, under the Notification of the Board of Governors of the Stock Exchange of
Thailand (the “SET”) Re: Disclosure of Information and Act of Listed Companies Concerning
Connected Transactions, 2003, as amended. Transaction values can be described as below:
Investment in additional properties of the Fund will have total value of not exceeding Baht
950,000,000, payable fully on the date of ownership transfers. Total transaction value is not
exceeding 59.11 percent of net asset value as of 31 March 2011.
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