English translation is strictly for reference. Notification of the Securities and Exchange Commission No. KorRor. 14/2555 Re: Rules for Being Settlor and Trustee of Real Estate Investment Trust (Codified

with the Trust for Transactions in Capital Market Act B.E.2550 (2007), established as a result of this trust instrument and completed as a trust when the settlor has already transferred the money

settlor transfers trustfully the money received from the offering to the trustee in order that the trustee may manage the assets for the benefit of the unit holders”, and, “once the trust becomes valid, the

set up the REIT (settlor) and will become a REIT manager; (2) in case of issuing additional new units, the applicant shall be the REIT manager to whom the trust instrument specifies power and duty to

shall indicate the characteristic of a trust; (b) name, address and telephone number of the originator, a settlor (if any) and asset trustee; (c) date of the establishment of trust for an issuance of

consideration period ___________________ Clause 7 An applicant for the offering of newly issued units shall be the following; (1) for the initial offering where the trust has not been created, the settlor, who

cases where the settlor and the trustee are the same person; Clause 10. The originator shall be any business that possesses either one of the following characteristics: (1) being a limited company or