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Administration Fee

Fee for Executive Directors and Supervisory Directors (Article 30 of the Articles of Incorporation)

  1. The fee for an executive director is an amount no greater than 800,000 yen per month determined by the board of directors, and is paid on the last business day of each month. The fee for each of the supervisory directors is an amount no greater than 500,000 yen per month determined by the board of directors, and is paid on the last business day of each month.
    (Note)
    If the executive director or the supervisory directors fail to perform their duties they will be liable for damages arising from such failure (Article 115-6, Paragraph 1 of the Investment Trust Law). However, if the executive director or the supervisory directors conducted the duties in good faith and there was no material negligence, under the Articles of Incorporation based on the provisions of the Investment Trust Law (Article 115-6, Paragraph 7), the Investment Corporation may release the executive director or supervisory directors from such liability by resolution of the board of directors, within the limits provided by laws and ordinances, if it is judged particularly necessary in light of the circumstances, such as the facts that caused the liability and the state of performance of the duties by the executive director or supervisory directors. (Article 39 of the Articles of Incorporation).
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Fee for Accounting Auditors (Article 31 of the Articles of Incorporation)

  1. The fee for accounting auditors is an amount no greater than 20 million yen per accounting period, determined by the board of directors, and is paid within 3 months of the end of the accounting period.
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Fee for the Asset Manager (Article 29 of the Articles of Incorporation)

  1. The Investment Corporation shall calculate the asset management fee under the Asset Management Agreement executed with the Asset Manager in accordance with the provisions of board of directors, to a maximum limit of 1% p.a. of the total amount of the managed assets and shall pay the fee by the date provided in the Asset Management Agreement (Article 29, Paragraph 1 of the Articles of Incorporation). The Investment Corporation shall pay an amount equal to 0.6 / 100 x total asset amount (*) for the period from the day immediately after the immediately preceding end of the accounting period, until the last day of the 3-month period following that date (“Calculation Period I”) and for the period from the day after the last day until the end of the accounting period (“Calculation Period II”; “Calculation Period I” and “Calculation Period II” collectively referred to as the “Calculation Period” ) (calculated on a pro rata basis for the actual number of days in the relevant Calculation Period, on the assumption of a 365-day year) as the asset management fee for each calculation period, and the Investment Corporation shall deposit the money into the bank account designated by the Asset Manager by the last day of the second month after each calculation period.
    (Note)
    The total amount of assets in Calculation Period I is the total amount of assets recorded in the Investment Corporation’s balance sheet for the immediately preceding accounting period. However, if the Investment Corporation acquired or disposed of assets designated under Article 12 of the Articles of Incorporation (in this note, the “Principal Investment Assets”) during the period from the day after the relevant accounting period to the final day of Calculation Period I, the total amount of assets in Calculation Period I is the amount calculated as follows:

    The total amount of assets recorded in the Investment Corporation’s balance sheet for the immediately preceding accounting period (limited to balance sheets approved under Article 131, Paragraph 1 of the Investment Trust Law; in this note, the “Balance Sheet”) is adjusted by the relevant difference provided below, depending on whether X or Y is greater, where X equals the total acquisition price of the Principal Investment Assets acquired during the period and Y equals the total amount of the Principal Investment Assets disposed of during the same period in the most recent balance sheet.

    If X is greater than or equal to Y, the difference between X and Y is added. If X is less than Y, the difference between Y and the total sale price of the Principal Investment Assets disposed of is added. (If the difference is a negative number the absolute value is subtracted.)

    The total amount of assets in Calculation Period II is the total amount of assets recorded in the Investment Corporation’s balance sheet for the end of the accounting period for which the final day of Calculation Period II is the record date.
  2. If the Investment Corporation acquires real estate or specified assets backed primarily by real estate, the Investment Corporation shall calculate the asset acquisition fee under the Asset Management Agreement executed with the Asset Manager in accordance with the provisions of the board of directors, to a maximum limit of an amount equivalent to 2% of the acquisition price of the real estate or the real estate backing the specified asset, and the Investment Corporation shall pay the amount to the relevant company by the date provided in the relevant agreement (Article 29, Paragraph 2 of the Articles of Incorporation). As of the date of this Report, if the Investment Corporation acquires real estate or specified assets backed primarily by real estate, the Investment Corporation shall pay an amount equal to 0.8 / 100 x acquisition price of the real estate or the real estate backing the specified assets as the fee for asset acquisition by remittance to the bank account designated by the Asset Manager by the end of the month following the month in which the acquisition was made.
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Fee for the General Administrators

  1. The fee for administration regarding issuance of the investment securities, administration regarding operation of internal organs (general meeting of unitholders and the board of directors), administration regarding calculations, and administration regarding the preparation of accounting records and administration regarding payment of taxes (however administration regarding operation of internal organs (unitholders and the board of directors) excludes administration regarding the register of unitholders) (the “General Administration Fee”) is as set out below.
    1.
    The fee is an amount no less than 2 million yen and no more than the amount calculated using the formula below, agreed between the Investment Corporation and the General Administrator in accordance with the Investment Corporation’s asset structure, for each calculation period for which the last day falls on the last day of March, June, September, and December each year (in this paragraph the “Calculation Period”).

    (Formula)

    The total amount calculated using the following calculation methods (a) through (f), where α is the Investment Corporation’s total asset amount on the settlement date immediately preceding the first day of the relevant Calculation Period (the establishment date for the first accounting period; the same applies below):
    (a)
    2 million yen for the part of α that is 5 billion yen or less;
    (b)
    0.0175% of the part of α that is greater than 5 billion yen and 100 billion yen or less;
    (c)
    0.015% of the part of α that is greater than 100 billion yen and 200 billion yen or less;
    (d)
    0.01% of the part of α that is greater than 200 billion yen and 300 billion yen or less;
    (e)
    0.00875% of the part of α that is greater than 300 billion yen and 500 billion yen or less; and
    (f)
    0.0075% of the part of α that is greater than 500 billion yen.
  2. 2.
    Notwithstanding the preceding paragraph, if the Calculation Period is less than 3 months, the General Administration Fee will be the amount proportionally calculated from the amount calculated in accordance with the provisions of the preceding paragraph based on the actual number of days included as a proportion of the actual number of days in the 3-month period, with the last day of the Calculation period as the final day (amounts less than 1 yen will be rounded down).
    3.
    Notwithstanding the preceding paragraphs, if the Investment Corporation’s aggregate amount of total contribution is 500 million yen or less on the final day of the Calculation Period, the General Administration Fee for the relevant period will be 240,000 yen. If the aggregate amount of total contribution is 500 million yen or less on the immediately preceding settlement date and exceeds 500 million yen during the Calculation Period the total amount will be: (i) the amount of 240,000 yen proportionally calculated (amounts less than 1 yen will be rounded down) in accordance with the actual number of days from the start of the relevant Calculation Period to the day before the amount exceeded 500 million yen, compared to the actual number of days in the period; and (ii) the amount proportionally calculated (amounts less than 1 yen will be rounded down) in accordance with the actual number of days from the date the amount exceeded 500 million yen to the final day of the Calculation Period, compared to the actual number of days in the period, calculated in accordance with the provisions of the paragraph 1 above, based on the Investment Corporation’s aggregate amount of total contribution on the day it exceeded 500 million yen.
    4.
    The Investment Corporation shall pay the General Administration Fee for each Calculation Period by remitting it to the bank account designated by the General Administrator by the end of the month following the final month of the Calculation Period.
    5.
    If the General Administration Fee amount becomes inappropriate, such as because of changes in the economic situation, the Investment Corporation and the General Administrator may change the General Administration Fee amount, upon consultation. If, upon such consultation, the Investment Corporation issues written notice to the General Administrator stating that the change will undergo approval procedures by the board of directors, the changes will become effective at the time the approval procedures are concluded. In this case, the Investment Corporation shall promptly conduct the approval procedures.
  3. The fee for the administration relating to the register of unitholders is as set out below.
    1.
    The Investment Corporation shall pay the administrator of the register of unitholders the fees set out in the Table of Fees for the unit administration agreement as consideration for carrying out the consigned services as the administrator of the register of unitholders. However, any administration fee not set out in the Table of Fees is determined through consultation between the Investment Corporation and the administrator of the register of unitholders.
    2.
    The administrator of the register of unitholders will request payment of the fees set out in the preceding paragraph on or before the 20th day of the month after the month in which those fees are incurred. The Investment Corporation will pay those fees by remittance to a bank account designated by the administrator of the register of unitholders (and the Investment Corporation bears any remittance fee, and any consumption tax or local consumption tax on the remittance fees) or an account transfer before the last day of the month in which the Investment Corporation receives the request (or the last business day of that month, if the last day is a bank holiday).

    Table of Fees
    Item Fee Services
    Administration of
    register of
    unitholders
    (base fee)
    1. One-sixth of the monthly aggregate amount calculated separately in accordance with the following amount per unitholder as of the last day of each month:
      • Up to 5,000 unitholders 390yen
      • Up to 10,000 unitholders 330yen
      • Up to 30,000 unitholders 280yen
      • Up to 50,000 unitholders 230yen
      • Up to 100,000 unitholders 180yen
      • 100,001 or more unitholders 150yen
      However, the minimum monthly amount will be 220,000yen.
    2. The amount per unitholder disqualified during a set month is 55yen.
    1. - Services related to the maintenance and management of the register of unitholders
    2. - Confirmation of unitholders on the last day of the accounting period, and services related to preparation of list of unitholders and statistical material
    3. - Services related to the administration of unitholders who designated to receive distributions through bank remittance
    4. - Preparation, administration and keeping of the breakdown of distributed profits and other statutory records set out by agreement
    Distribution calculation fee
    1. The aggregate amount calculated separately in accordance with the following amount per unitholder:
      • Up to 5,000 unitholders 120yen
      • Up to 10,000 unitholders 105yen
      • Up to 30,000 unitholders 90yen
      • Up to 50,000 unitholders 75yen
      • Up to 100,000 unitholders 60yen
      • 100,001 or more unitholders 50yen
      However, the minimum amount for each calculation will be 350,000yen.
    2. Additional fee for unitholders who designated to receive distribution through bank remittance Plus 130yen per unitholder
    1. - Calculation of distribution amount, preparation of distribution payment register, preparation of receipts or remittance notices, preparation of remittance slip or remittance magnetic tape, organization and collation of receipts for completed payments, preparation of payment record, and services related to application of special tax rate and distribution remittance
    Distribution payment fee
    1. 500yen per distribution receipt
    2. 5yen per unitholder that has not received payment by the end of a set month
    1. - Distribution payment services after the handling (payment) period has expired
    2. - Services related to the administration of unitholders that have not received paymentt
    Fee for acceptance of various notices 250yen per various notice accepted
    1. - Services related to receipt of notices requiring any entry in the register of unitholders such as change of address, trade name, representative person, surname or last name or standing proxy, and incident reports, seal change notifications and instruction for distribution remittances, and receipt of notifications for reduced tax rate and announcements
    Various notification enclosure and dispatch fee
    1. Enclosure and dispatch fee
      (1)
      Sealed letters
      1. 25yen per envelope (up to 2 items per envelope)
        Plus 5yen per additional item per envelope
        However, even if it is standard size, when an additional notice shall be manually enclosed, an additional fee of 15yen will be added per envelope
      2. Non-standard size or manual enclosure of items for delivery
        45yen per envelope (up to 2 items per envelope)
        Plus 15yen per additional item per delivery
      (2)
      Postcards 15yen per envelope However, the minimum fee per one delivery set is 50,000yen.
    2. Registered mail Plus 30yen per notice
    3. Cessation of dispatch and designation of address 200yen per notice
    4. When separating a remission notice into distribution calculation notice and distribution remission account confirmation Plus 25yen per matter
    5. Label fee 5yen per notice
    1. - Services for enclosure and dispatch of documents related to general meetings of unitholders, such as convocation and resolution notices for general meetings of unitholders, voting cards (proxies), reports on asset management and distribution receipts
    Item Fee Services
    Fee for management of return mail 250yen per each item of return mail
    1. - Services related to management and redelivery of return mail such as convocation and resolution notices for general meetings of unitholders and reports on asset management
    Fee for preparation and collation of voting cards (proxies)
    1. Fee for preparing voting cards (proxies) 18yen per card prepared
    2. Fee for collating voting cards (proxies) 50yen per card collated
      However, the minimum fee per set of cards collated will be 100,000yen
    3. Delivery of competing agenda item proposed by unitholder
      Plus 50yen per notice
    4. Diverse exercise of voting rights
      Plus 50yen per notice
    1. - Preparation of voting cards (proxies), and organization and collation of submitted voting cards (proxies)
    Certification and investigation fees 1,600yen per issuance and transfer certificate or per person per investigation
    800yen per certificate of issuance balance or per person per investigation
    1. - Preparation of certificate for distribution payment, register of unitholders etc., and services to prepare investigation materials related to acquisition or change (transfer, inheritance, donation, etc.) of units
    Fees related to book entry system
    1. Fee for receipt of data related to notice on all unitholders
      Fee for receipt of notices on all unitholders 100yen per unitholder per matter
    2. Fee for receipt of data related to notices on individual unitholders
      250yen per receipt of notice on individual unitholders
    3. Fee for receipt of data on information provision request
      250yen per information provision request
    1. - Receipt of data in relation to notices on all unitholders and registration of various codes (holder, standing proxy, nationality, etc.), and services related to update of register of unitholders
    2. - Services related to receipt of data in relation to notices on individual unitholders and preparation of particulars on the notices on individual unitholders
    3. - Services related to transmission to transfer agent of data on information provision request
    4. - Services related to notification of matters to be recorded in the transfer account book

    Fees for extraordinary services not provided in this table (issuance of new units, extraordinary determination of unitholders and preparation of statistical tables for distribution of units, or redemption of units) will be determined as they arise upon consultation between the relevant parties.

    3.
    Of the fees for administration, the fee related to special account administration of Mitsubishi UFJ and Banking Corporation will be as follows:
    (1)
    The Investment Corporation will pay to the Special Account Administrator the amount calculated in accordance with the Table of Fees for Account Administration set out below; provided, however, that, any fee related to administration that is not set out in that table of fees shall be determined as they arise upon consultation between the Investment Corporation and the Special Account Administrator.
    (2)
    If there are circumstances where it is inappropriate to make the payment in accordance with paragraph (1) above due to changes in economic conditions, in the details of account administration or otherwise, the Investment Corporation and the Special Account Administrator may upon mutual consultation revise the fee for account administration. For the avoidance of doubt, the circumstances include the termination of the Unit Administrative Agreement executed between the Investment Corporation and the Special Account Administrator.
    (3)
    The Special Account Administrator will request payment of the special account administration fee on or before the 20th day of the month after the month in which those fees are incurred. The Investment Corporation will pay those fees before the last day of the month in which the Investment Corporation receives the request.
    Table of Fees for Account Administration
    Item Fee Services
    Fee for special account administration
    1. The monthly aggregate amount calculated separately in accordance with the following amount per unitholder under special account administration:
      • Up to 3,000 unitholders 150yen
      • Up to 10,000 unitholders 125yen
      • Up to 30,000 unitholders 100yen
      • 30,001 or more unitholders 75yen
      However, the minimum monthly aggregate amount will be 20,000yen.
    2. The amount of fees set out in (1) through (5) below for handling each service for account administration, unless the Special Account Administrator is also the administrator of the register of unitholders, in which case the fees (1) through (5) are not applicable:
      (1)
      Fee for report to all unitholders:
      150yen per report
      (2)
      Fee for acceptance of a request to make notices on individual unitholder:
      250yen per acceptance
      (3)
      Fee for acceptance of a request to provide information:
      250yen per acceptance
      (4)
      Fee for acceptance of various notices:
      250yen per acceptance
      (5)
      Fee for intermediation of designation for distribution remittances:
      130yen per intermediation
    1. -Services related to the preparation, management and keeping of the transfer account book and other books incidental thereto
    2. - Services related to reporting of notices on all unitholders
    3. - Services related to an entry or recording of new entries, and conducting deletion procedures or entire-record deletion procedures
    4. - Services related to making an entry or recording in the transfer account book, the entering or recording of pledges, and entering or recording of the trustee and trust asset
    5. - Services related to notices on individual unitholders and information provision request
    6. - Services related to opening or terminating a special account
    7. - Services related to the registration or change of information or registered seal of participant and the notification of information of participant to the security depository center
    8. - Services related to requests from “acquirers” (as defined in the Book Entry Act) to open a special account
    9. - Services related to the combining, splitting, etc. of units
    10. - Services related to responding to inquiries made by participants
    Certification and investigation fees
    1. 1,600yen per issuance and transfer certificate or per person per investigation
    2. 800yen per certificate of issuance balance or per person per investigation
    1. - Services related to the preparation of the certificate for the entry or other procedures made in the transfer account book and the preparation of investigation documents on changes in units (account transfer, inheritance, etc.)
    Fee for requesting account transfer 1,000yen per request for transfer
    1. - Services related to the account transfer procedures to another account opened by the participant of the special account

    Rates for extraordinary services not provided in this table (business with respect to termination, etc.) will be determined as they arise.

    4.
    Of the entrusted administrative operations, account management fees for administrative operations for the special account to be paid to Chuo Mitsui Trust and Banking Company, Ltd. shall be as follows:

    The Investment Corporation shall pay account management fees in the amount calculated based on the account management fee schedule as listed below to the manager of the special account. Note, however, that fees related to administrative operations which are not specified in the aforementioned fee schedule shall be settled each time upon consultation between each party. In a situation where it is difficult to follow the above rule due to fluctuations in economic circumstances and changes in the details of administrative operations for account management, each party shall be allowed to change account management fees whenever necessary upon mutual consultation.
    Table of Fees for Account Administration
    Fee Method of calculation Extent of administration
    Fee for special account administration Total amount calculated by summing fees per participant based on the following classification based on the number of relevant participants as of the end of each month. However, minimum total fee per month is 20,000yen;
    • Up to 5,000 unitholders; 150yen
    • Up to 10,000 unitholders; 130yen
    • 10,001 or more unitholders; 110yen
    1. - Management and keeping in special account
    2. - Report on transfer and Intermediary
    3. - Checking the balance of units with Japan Securities Depository Center, Inc.
    4. - Making of report on a balance of transactions
    Fee foraccount transfer 800yen for each transfer request
    1. - Acceptance and confirmation of transfer application
    2. - Transfer processing to transferee account
    Intermediaryfees for various kind of notifications 300yen per notification
    1. - Acceptance and confirmation of change-of-address notification and distribution transfer designation form, etc.
    2. - Creating data of change-of-address notifications and notice to Japan Securities Depository Center Inc.
    5.
    Fees for the services relating to the payment of principal and interest for the second series of unsecured Investment Corporation Bonds, third series of unsecured Investment Corporation Bonds, fourth series of unsecured Investment Corporation Bonds, fifth series of unsecured Investment Corporation Bonds, and sixth series of unsecured Investment Corporation Bonds will be as set out below and will be paid on the bank business day immediately preceding the due date for the payment of such principal and interest.
    (1)
    Fee for payment of principal
    1. For the second series of unsecured Investment Corporation Bonds, fourth series of unsecured Investment Corporation Bonds, fifth series of unsecured Investment Corporation Bonds and sixth series of unsecured Investment Corporation Bonds:
      0.075 / 10,000 x paid principal
    2. For the third series of unsecured Investment Corporation Bonds:
      0.5 / 10,000 x paid principal
    (2)
    Fee for payment of interest
    1. For the second series of unsecured Investment Corporation Bonds, fourth series of unsecured Investment Corporation Bonds, fifth series of unsecured Investment Corporation Bonds and sixth series of unsecured Investment Corporation Bonds:
      0.075 / 10,000 x principal for the paid interest
    2. For the third series of unsecured Investment Corporation Bonds:
      10 / 10,000 x paid interest
    6.
    The Investment Corporation paid to the General Administrator for the Investment Corporation Bonds on the relevant issue dates, (i) the fee for the services related to the issuance and administration during the relevant periods for the second series of unsecured Investment Corporation Bonds, third series of unsecured Investment Corporation Bonds, fourth series of unsecured Investment Corporation Bonds, fifth series of unsecured Investment Corporation Bonds and sixth series of unsecured Investment Corporation Bonds, up to the amount calculated by, for the second series of unsecured Investment Corporation Bonds, adding 1 million yen to 15 million yen if the total issuance of the Investment Corporation Bonds was more than 10 billion yen and equal to or less than 50 billion yen, or deducting 1 million yen from 15 million yen if the redemption period was less than 5 years, or by adding 1 million yen to 15 million yen if the redemption period was equal to or more than 10 years and equal to or less than 14 years, and for the third series of unsecured Investment Corporation Bonds, fourth series of unsecured Investment Corporation Bonds, fifth series of unsecured Investment Corporation Bonds and sixth series of unsecured Investment Corporation Bonds, by adding 0.07 yen per 100 yen of the issue price of the Investment Corporation and 200,000 yen per year in the redemption period to 16 million yen, and (ii) the fee for the services related to the registration of the first series of unsecured Investment Corporation Bonds and second series of unsecured Investment Corporation Bonds up to the following amounts:
    (a)
    0.1 yen per 100 yen of the face value for the part equal to or less than 10 billion yen of the total issuance;
    (b)
    0.09 yen per 100 yen of the face value for the part more than 10 billion yen and equal to or less than 20 billion yen of the total issuance;
    (c)
    0.08 yen per 100 yen of the face value for the part more than 20 billion yen and equal to or less than 30 billion yen of the total issuance; or
    (d)
    0.07 yen per 100 yen of the face value of the part more than 30 billion yen of the total issuance.
    7.
    The Investment Corporation will pay to the General Administrator for the Short-Term Investment Corporation Bonds the following fees relating to administration conducted on behalf of the Investment Corporation for issuance and redemption of Short-Term Investment Corporation Bonds on the 20th of the month following the month of calculation.
    (a)
    Fee for issuance
    5,000 yen per issue
    (b)
    Fee for payment
    5,000 yen per issue per redemption (per redemption request unit)
    However, if any issue is divided into 5 or more units at redemption, the fee for payment will be 25,000 yen.
    (c)
    Fee for establishing framework for intra-day liquidity
    Fee for establishing framework for intra-day liquidity = redemption amount x (liquidity cost) x 1 / 365
    (d)
    Commission to JASDEC
    Actual cost
    In addition, the fee for privately offered Short-Term Investment Corporation Bonds to be paid by the Investment Corporation to the General Administrator for Short-Term Investment Corporation Bonds will be the amount agreed upon between the Investment Corporation and the General Administrator for Short-Term Investment Corporation Bonds, the total of which shall not exceed 25 million yen per year.
    8.
    The Investment Corporation will pay to the General Administrator for Taxes the amount agreed upon between the Investment Corporation and the General Administrator for Taxes which shall not exceed 15 million yen for each accounting period or 1 million yen per matter as the fee for the preparation of corporate tax returns, resident tax returns, business tax returns, and consumption tax returns and the fee for the preparation of depreciable asset tax returns within 2 months from the submission of the returns.
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Fee for the Custodian

  1. The fee for the Custodian (the “Custodian Fee”) is an amount no less than 1.25 million yen and no more than the amount reached using the formula below, agreed between the Investment Corporation and the Custodian in accordance with the Investment Corporation’s asset structure, for each calculation period for which the last day falls on the last day of March, June, September, and December each year (in this paragraph the “Calculation Period”).

    (Formula)

    The total amount calculated using the following calculation methods (a) through (f), where α is the Investment Corporation’s total asset amount on the settlement date immediately preceding the first day of the relevant Calculation Period (the establishment date for the first accounting period; the same applies below):
    (a)
    1.25 million yen for the part of α that is 5 billion yen or less;
    (b)
    0.01% of the part of α that is greater than 5 billion yen and 100 billion yen or less;
    (c)
    0.00875% of the part of α that is greater than 100 billion yen and 200 billion yen or less;
    (d)
    0.0075% of the part of α that is greater than 200 billion yen and 300 billion yen or less;
    (e)
    0.00625% of the part of α that is greater than 300 billion yen and 500 billion yen or less; and
    (f)
    0.005% of the part of α that is greater than 500 billion yen.
  2. Notwithstanding the preceding paragraph, if the Calculation Period is less than 3 months, the Custodian Fee will be the amount proportionally calculated from the amount calculated in accordance with the provisions of the preceding paragraph based on the actual number of days included as a proportion of the actual number of days in the 3-month period, with the last day of the Calculation period as the final day (amounts less than 1 yen will be rounded down).
  3. Notwithstanding the preceding paragraphs, if the Investment Corporation’s aggregate amount of total contribution is 500 million yen or less on the final day of the Calculation Period, the Custodian Fee for the relevant period will be 150,000 yen. If the aggregate amount of total contribution is 500 million yen or less on the immediately preceding settlement date and exceeds 500 million yen during the Calculation Period the total amount will be: (i) the amount of 150,000 yen proportionally calculated (amounts less than 1 yen will be rounded down) in accordance with the actual number of days from the start of the relevant Calculation Period to the day before the amount exceeded 500 million yen, compared to the actual number of days in the period; and (ii) the amount proportionally calculated (amounts less than 1 yen will be rounded down) in accordance with the actual number of days from the date the amount exceeded 500 million yen to the final day of the Calculation Period, compared to the actual number of days in the period, calculated in accordance with the paragraph 1 above, based on the aggregate amount of total contribution on the day it exceeded 500 million yen.
  4. The Investment Corporation shall pay the Custodian Fee for each Calculation Period by remitting it to the bank account designated by the Custodian by the end of the month following the final month of the Calculation Period.
  5. If the Custodian Fee amount becomes inappropriate, such as because of changes in the economic situation, the Investment Corporation and the Custodian may change the Custodian Fee amount, upon consultation. The Investment Corporation shall, immediately after such consultation, conduct the approval procedures of the board of directors as provided in Item 7, Paragraph 2, Article 97 of the Investments Trust Law In this case, the changes will become effective at the time the approval procedures are completed.
  6. Way of reference on the fee and interests for unitholder
    Please refer on the fee above to the division as below.
    Mitsubishi Corp.-UBS Realty Inc.
    Head of Retail Division
    Tokyo Building, 7-3, Marunouchi 2-chome, Chiyoda-ku Tokyo 100-6420, Japan
    Tel: +81-3-5293-7081
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