institutions . Clause 3 This Notification shall be applicable to the appointment of a representative of a management company in the following cases: (1) the appointment of an agent for selling investment units

management company in the following cases: (1) the appointment of an agent for selling investment units or receiving requisition of investment unit redemption; (2) the appointment of a marketing representative

a year and is based on consolidated earnings and subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow

subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow, investment plan including any other future obligations of the

dividend payment shall still be made twice a year and is based on consolidated earnings and subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend

financial statements. In all cases, dividend payment shall depend on cash flow, investment plan including any other future obligations of the Company and/or subsidiaries. Such dividend shall not adversely

. Pending Material Litigation Cases or Claims -None- 16. Interests or Connected Transactions between B.Grimm Power and Directors, Management and Shareholders Directly or Indirectly Holding Shares Amounting to

earnings on the separate financial statements . In all cases, dividend payment shall depend on cash flow, investment plan including any other future obligations of the Company and /or subsidiaries. Such

availability of retained earnings on the separate financial statements . In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the Company and /or

still be made twice a year and is based on consolidated earnings and subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on