(I) PROPOSED AMENDMENT TO THE RELEVANT CLAUSE IN THE DEED DATED 28 SEPTEMBER 2006 AS AMENDED BY THE FIRST SUPPLEMENTED, REVISED AND RESTATED DEED DATED 15 DECEMBER 2006 ENTERED INTO BETWEEN Am ARA REIT MANAGERS SDN BHD (THE “MANAGER?) AND MAYBANK TRUSTEES BERHAD CONSTITUTING AmFIRST REAL ESTATE INVESTMENT TRUST (“AmFIRST REIT?) (“FIRST RESTATED DEED?) TO ALLOW THE MANAGER TO BE PAID EITHER IN THE FORM OF NEW UNITS IN AmFIRST REIT, CASH OR A COMBINATION THEREOF FOR ITS BASE FEE AND PERFORMANCE FEE; AND
(II) PROPOSED AMENDMENTS TO CERTAIN CLAUSES IN THE FIRST RESTATED DEED TO BE ALIGNED WITH THE APPLICABLE LAWS, REGULATIONS AND GUIDELINES GOVERNING THE REAL ESTATE INVESTMENT TRUSTS AND TO PROVIDE FOR AMENDMENTS WHICH ARE ADMINISTRATIVE AND/OR TECHNICAL IN NATURE
(COLLECTIVELY REFERRED TO AS “PROPOSED AMENDMENTS?)
