Enforcement Rules of The Real Estate Securitization Act Article 4

Pursuant to Article 10, Subparagraph 17 and Article 33, Subparagraph14 of the Act, real estate investment trust contracts and real estateasset trust contracts shall contain the name or title of the beneficiaryas specified in Article 19, Paragraph 1 of the Trust Enterprise Law.If a beneficiary is still not confirmed at the time of signing saidcontracts, but may be confirmed thereafter, the identification of thebeneficiary may be specially processed in accordance with thespecifications by the trustor.