Common use of BUILDING MANAGEMENT SERVICES Clause in Contracts

BUILDING MANAGEMENT SERVICES. (a) to pay and discharge all outgoings, charges, costs, payments and expenses which may be or become payable in respect of the Property or any part or parts thereof; (b) to enter upon when and as often as KWHK shall think proper the Property or any part or parts thereof to view the state of repair thereof and from time to time to advise the Owner on the necessity of repairs, maintenances or improvements to the Property or any part or parts thereof and order, direct and effect all such necessary or proper repairs and improvements, provided that in the event any repairs and/or improvement works involve the incurring of Capital Expenditure (as hereinafter defined), KWHK shall comply with the provisions of Clause 4.6 before effecting the relevant repairs and/or improvement works; (c) to the extent not provided by manager of the Building appointed pursuant to the Deed of Mutual Covenant and Management Agreement of the Building (“DMC Manager”): (i) to insure and keep insured the Property and any part or parts thereof to the full reinstatement value thereof and the business operations carried out at the Property (including but not limited to all equipment, facilities and installations) as comprehensively as reasonably possible and in particular against loss or damage by fire or such other perils as KWHK shall deem fit, and to effect public and/or occupiers’ liability and employees’ compensation liability in respect of employees employed within or exclusively in connection with the management of the Property in such sum or sums as KWHK shall deem fit with some reputable insurance company or companies in the name of KWHK for and on behalf of the Owner and to pay all premia required to keep such insurance policies in force, for the avoidance of doubt, in each case (other than Property Insurance (as hereinafter defined)), at the cost of KWHK; (ii) to arrange for refuse collection and disposal from all parts of the Property and keep the Property in a clean and sanitary state and condition; (iii) to keep all the sewers, drains, watercourses and pipes of the Property free and clear from obstructions; (iv) to keep the fire fighting equipment of the Property in accordance with any laws and regulations applicable thereto and whenever it shall be necessary or convenient to do so at KWHK’s discretion to enter into contracts with third parties for the maintenance of any such facilities; (v) to provide and maintain as KWHK deems necessary security force, watchmen, caretakers, closed circuit T.V. system and burglar alarms and other security measures in the Property at all times; (vi) to appoint solicitor or other appropriate legal counsel to advise upon any point which arises in the management of the Property necessitating professional legal advice and to commence, conduct, carry on and defend legal and other proceedings concerning the Property or the management thereof; and (vii) to prepare and submit by the 20th day of each calendar month to the Owner management accounts showing the actual management expenses incurred on and/or for the Property in the preceding month; (d) to coordinate and liaise with the DMC Manager and other co-owners of the Building, on the Owner’s behalf and on the Owner’s instructions, on matters relating to the management, leasing, letting and/or licensing of the Property and providing advice and recommendations thereon from time to time; and (e) to assist the Owner in town planning matters and in complying with applicable laws and regulations, government lease(s), occupation permit(s), deed(s) of covenants, waiver letters and statutory licences (if obtained in the name of the Owner) insofar as the Property is concerned and in this connection (subject to prior approval of the Owner which shall not be unreasonably withheld) to engage relevant professionals, such as authorized persons (as defined under the Buildings Ordinance (Cap.123 of the Laws of Hong Kong)), surveyors and/or town planners to provide professional advice and/or services at the cost of the Owner (but without prejudice to Clauses 4.7 and 4.8) provided that KWHK shall not be required to rectify any unauthorized building works existing at the Property as at the date of this Agreement and/or any other such non- compliance to the extent fairly disclosed in writing to Urban Treasure Holdings Limited prior to the date of this Agreement (other than those which are the subject of Government Notices (as defined in the Warehouses Sale Agreement) in respect of which the terms of the Warehouses Sale Agreement shall apply).

BUILDING MANAGEMENT SERVICES. (a) to pay and discharge all outgoings, charges, costs, payments and expenses which may be or become payable in respect of the Property Building or any part or parts thereof; (b) to enter upon when and as often as KWHK shall think proper the Property Building or any part or parts thereof to view the state of repair thereof and from time to time to advise the Owner on the necessity of repairs, maintenances or improvements to the Property Building or any part or parts thereof (including but not limited to the structure and fabric of the Building and the external walls, curtain walls, elevations and facade thereof, windows and window frames and the fences surrounding the Building (if any)) and order, direct and effect all such necessary or proper repairs and improvements, provided that in the event any repairs and/or improvement works involve the incurring of Capital Expenditure (as hereinafter defined), KWHK shall comply with the provisions of Clause 4.6 before effecting the relevant repairs and/or improvement works; (c) to the extent not provided by manager of the Building appointed pursuant to the Deed of Mutual Covenant and Management Agreement of the Building (“DMC Manager”): (i) to insure and keep insured the Property Building and any part or parts thereof to the full reinstatement value thereof and the business operations carried out at in the Property Building (including but not limited to all equipment, facilities and installations) as comprehensively as reasonably possible and in particular against loss or damage by fire or such other perils as KWHK shall deem fit, and to effect public and/or occupiers’ liability and employees’ compensation liability in respect of employees employed within or exclusively in connection with the management of the Property Building in such sum or sums as KWHK shall deem fit with some reputable insurance company or companies in the name of KWHK for and on behalf of the Owner and to pay all premia required to keep such insurance policies in force, for the avoidance of doubt, in each case (other than Property Insurance (as hereinafter defined)), at the cost of KWHK; (iid) to arrange for refuse collection and disposal from all parts of the Property Building and keep the Property Building in a clean and sanitary state and condition; (iiie) to keep all the sewers, drains, watercourses and pipes of the Property Building free and clear from obstructions; (ivf) to keep the lifts and fire fighting equipment of the Property in accordance with any laws and regulations applicable thereto and whenever it shall be necessary or convenient to do so at KWHK’s discretion to enter into contracts with third parties for the maintenance of any such facilities; (vg) to provide and maintain as KWHK deems necessary security force, watchmen, caretakers, closed circuit T.V. system and burglar alarms and other security measures in the Property Building at all times; (vih) to appoint solicitor or other appropriate legal counsel to advise upon any point which arises in the management of the Property Building necessitating professional legal advice and to commence, conduct, carry on and defend legal and other proceedings concerning the Property Building or the management thereof; and; (viii) to prepare and submit by the 20th day of each calendar month to the Owner management accounts showing the actual management expenses incurred on and/or for the Property Building in the preceding month; (d) to coordinate and liaise with the DMC Manager and other co-owners of the Building, on the Owner’s behalf and on the Owner’s instructions, on matters relating to the management, leasing, letting and/or licensing of the Property and providing advice and recommendations thereon from time to time; and (ej) to assist the Owner in town planning matters and in complying with applicable laws and regulations, government lease(s), occupation permit(s), deed(s) of covenants, waiver letters and statutory licences (if obtained in the name of the Owner) insofar as the Property Building is concerned and in this connection (subject to prior approval of the Owner which shall not be unreasonably withheld) to engage relevant professionals, such as authorized persons (as defined under the Buildings Ordinance (Cap.123 of the Laws of Hong Kong)), surveyors and/or town planners to provide professional advice and/or services at the cost of the Owner (but without prejudice to Clauses 4.7 and 4.8Clause 4.7) provided that KWHK shall not be required to rectify any unauthorized building works existing at the Property Building as at the date of this Agreement and/or any other such non- non-compliance to the extent fairly disclosed in writing to Urban Treasure Holdings Limited prior to the date of this Agreement (other than those which are the subject of Government Notices (as defined in the Warehouses Sale Agreement) in respect of which the terms of the Warehouses Sale Agreement shall apply).

BUILDING MANAGEMENT SERVICES. (a) to pay and discharge all outgoings, charges, costs, payments and expenses which may be or become payable in respect of the Property Building or any part or parts thereof; (b) to enter upon when and as often as KWHK shall think proper the Property Building or any part or parts thereof to view the state of repair thereof and from time to time to advise the Owner on the necessity of repairs, maintenances or improvements to the Property Building or any part or parts thereof (including but not limited to the structure and fabric of the Building and the external walls, curtain walls, elevations and facade thereof, windows and window frames and the fences surrounding the Building (if any)) and order, direct and effect all such necessary or proper repairs and improvements, provided that in the event any repairs and/or improvement works involve the incurring of Capital Expenditure (as hereinafter defined), KWHK shall comply with the provisions of Clause 4.6 before effecting the relevant repairs and/or improvement works; (c) to the extent not provided by manager of the Building appointed pursuant to the Deed of Mutual Covenant and Management Agreement of the Building (“DMC Manager”): (i) to insure and keep insured the Property Building and any part or parts thereof to the full reinstatement value thereof and the business operations carried out at in the Property Building (including but not limited to all equipment, facilities and installations) as comprehensively as reasonably possible and in particular against loss or damage by fire or such other perils as KWHK shall deem fit, and to effect public and/or occupiers’ liability and employees’ compensation liability in respect of employees employed within or exclusively in connection with the management of the Property Building in such sum or sums as KWHK shall deem fit with some reputable insurance company or companies in the name of KWHK for and on behalf of the Owner and to pay all premia required to keep such insurance policies in force, for the avoidance of doubt, in each case (other than Property Insurance (as hereinafter defined)), at the cost of KWHK; (iid) to arrange for refuse collection and disposal from all parts of the Property Building and keep the Property Building in a clean and sanitary state and condition; (iiie) to keep all the sewers, drains, watercourses and pipes of the Property Building free and clear from obstructions; (ivf) to keep the lifts and fire fighting equipment of the Property in accordance with any laws and regulations applicable thereto and whenever it shall be necessary or convenient to do so at KWHK’s discretion to enter into contracts with third parties for the maintenance of any such facilities; (vg) to provide and maintain as KWHK deems necessary security force, watchmen, caretakers, closed circuit T.V. system and burglar alarms and other security measures in the Property Building at all times; (vih) to appoint solicitor or other appropriate legal counsel to advise upon any point which arises in the management of the Property Building necessitating professional legal advice and to commence, conduct, carry on and defend legal and other proceedings concerning the Property Building or the management thereof; and; (viii) to prepare and submit by the 20th day of each calendar month to the Owner management accounts showing the actual management expenses incurred on and/or for the Property Building in the preceding month; (d) to coordinate and liaise with the DMC Manager and other co-owners of the Building, on the Owner’s behalf and on the Owner’s instructions, on matters relating to the management, leasing, letting and/or licensing of the Property and providing advice and recommendations thereon from time to time; and (ej) to assist the Owner in town planning matters and in complying with applicable laws and regulations, government lease(s), occupation permit(s), deed(s) of covenants, waiver letters and statutory licences (if obtained in the name of the Owner) insofar as the Property Building is concerned and in this connection (subject to prior approval of the Owner which shall not be unreasonably withheld) to engage relevant professionals, such as authorized persons (as defined under the Buildings Ordinance (Cap.123 of the Laws of Hong Kong)), surveyors and/or town planners to provide professional advice and/or services at the cost of the Owner (but without prejudice to Clauses 4.7 and 4.8) provided that KWHK shall not be required to rectify any unauthorized building works existing at the Property Building as at the date of this Agreement and/or any other such non- compliance to the extent fairly disclosed in writing to Urban Treasure Holdings Limited prior to the date of this Agreement (other than those which are the subject of Government Notices (as defined in the Warehouses Sale Agreement) in respect of which the terms of the Warehouses Sale Agreement shall apply).