Sale and Purchase Agreement - With Title

8/10/2019 Sale and Purchase Agreement - With Title

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A4ree5ent : means this sale and purchase areement made!etween the Vendor and the $urchaser;


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A##ro#ri)teAuthorities

: means all 0ederal2 1tate and 'ocal 3o+ernment2statutory2 semi or 4uasio+ernment and&or otherauthorities and !odies ha+in urisdiction at any timeand from time to time o+er the de+elopment on the

said $roperty or any part(s) thereof and&or anymatter(s) related thereto chared with theadministration of any applica!le law or reulations onthe said $roperty;

6)l)nceDe#osit7

: means the sum as setout in Section '(c* of theFirst Schedule hereto;

)l)ncePurch)se Price

: means the sum as setout in Section '(e* of theFirst Schedule hereto2 !ein the !alance of the

Total $urchase $rice to !e paid !y the $urchaser tothe Vendor within the ompletion $eriod or the

/,tended ompletion $eriod;

usinessD)$

: means a day (other than a 1aturday2 1unday orpu!lic holiday) on which !an5s and %nancialinstitutions are open for !usiness in the rele+ant1tate in 6uala 'umpur and 1elanor;

6Ch)r4ee7 : means the party or parties whose name(s) andparticulars are set out in Section % of the FirstSchedulehereto;

Co5#letionD)te

: means:

(a) where there is a ondition(s) $recedent to !esatis%ed2 the date of completion of the sale andpurchase of the $roperty which shall ta5e placeon a Business *ay on or !efore the e,piration of ( * 95onths:d)$s from the8nconditional *ate2 su!ect to an automatice,tension of ( *95onths:d)$spro+ided always that the $urchaser shall pay theVendor interest at the rate of #ercent( ;* per annum on the Balance $urchase$rice or any part thereof which remainsoutstandin as at the e,piry of the said( * 95onths:d)$s period2 calculated on adaily !asis from the date fallin immediatelyafter ( * 95onths:d)$s from the8nconditional *ate until the date of full paymentof the Balance $urchase $rice or any part thereofthat remains outstandin2 includin all interestthereon; or

(!) where there is no ondition(s) $recedent to !e

satis%ed2 the date of completion of the sale andpurchase of the $roperty which shall ta5e place


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on a Business *ay on or !efore the e,pirationof ( * 95onths:d)$s from the dateof this Areement2 su!ect to an automatice,tension of ( * 95onths:d)$spro+ided always that the $urchaser shall paythe Vendor interest at the rate of #ercent( ;*per annum on the Balance $urchase$rice or any part thereof which remainsoutstandin as at the e,piry of the said( * 95onths:d)$speriod 2 calculated on adaily !asis from the date fallin immediatelyafter ( * 95onths:d)$s from thedate of this Areement until the date of fullpayment of the Balance $urchase $rice or anypart thereof that remains outstandin2includin all interest thereon;

6Condition(s* Precedent7

: 9eans the condition(s) set out in the SecondSchedulehereto2 as applica!le;

6Consent toTr)ns


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n)l L)ndCode

includes any statutory amendment(s) modi%cation(s)+ariation(s) alteration(s) reenactment(s) or recerti%cation(s) thereof and all su!sidiary leislationenacted thereunder;

6P)rties7 : means collecti+ely the Vendor and the $urchaser and$arty shall2 as the conte,t re4uires2 mean either theVendor or the $urchaser;

6Pro#ert$7 : means all that piece and parcel of the property moreparticularly descri!ed in Section % of the FirstSchedulehereto;

6Purch)sePrice7

: means the sum as setout in Section '()* of theFirst Schedulehereto;

Purch)ser : means the party or parties whose name(s) and

particulars are set out in Section of the FirstSchedulehereto;

6Purch)ser-sSolicitors7

: means the party or parties whose name(s) andparticulars are set out in Section + of the FirstSchedulehereto;

Rin44itM)l)$si) orRM

: means the lawful currency of 9alaysia;

6RPGT Act7 : means the eal $roperty 3ains Ta, Act -@


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-.C In this Areement2 unless there is somethin in the su!ect or conte,tinconsistent with such construction or unless it is otherwise e,presslypro+ided:

(a) words denotin one ender include all other enders and wordsdenotin the sinular include the plural and +ice +ersa;

(!) words denotin persons include corporations2 and +ice +ersa;

(c) words and phrases2 de%nitions of which are i+en in the ?ational'and ode2 -@2 shall !e construed as ha+in the meanin there!yattri!uted to them respecti+ely2 !ut e,cludin any statutorymodi%cation thereof not in force at the date of this Areement;

(d) where a word or phrase is i+en a de%ned meanin in thisAreement any other part of speech or other rammatical form inrespect of such word or phrase has a correspondin meanin;

(e) where a word or phrase ser+es only to illustrate or emphasiDe any ofthe pro+isions of this Areement such word or phrase is not to !econstrued2 or to ta5e eect2 as limitin the enerality of suchpro+ision;

(f) any reference to a recital2 su!pararaph2 pararaph2 su!clause2clause2 schedule or party is to the rele+ant recital2 su!pararaph2pararaph2 su!clause2 clause2 schedule or party of2 or to2 thisAreement and any reference to this Areement or any of thepro+isions of this Areement includes all amendments andmodi%cations made to this Areement from time to time in force;

() any reference to a statutory pro+ision includes any modi%cation2consolidation or reenactment thereof for the time !ein in force2and all statutory instruments or orders made pursuant thereto;

(h) any reference to "writin"2 or conate e,pressions2 includes anycommunication eected !y tele,2 ca!le2 facsimile transmission orother compara!le means;

(i) any reference to a "!usiness day" is to a day (not !ein a 1aturdayor 1unday) on which !an5s2 licensed to carry on !an5in !usiness

under the pro+isions of the Ban5in and 0inancial Institutions Act-@E@2 are open for !usiness in 6uala 'umpur and 1elanor , anyreference to a "day"2 "wee5"2 "month" or "year" is to that day2 wee52month or year in accordance with the 3reorian calendar; and2 anyreference to a time of day is to 6uala 'umpur time; and

() if any period of time is speci%ed from a i+en day2 or the day of ai+en act or e+ent2 it is to !e calculated e,clusi+e of that day and ifany period of time falls on a day2 which is not a !usiness day2 thenthat period is to !e deemed to only e,pire on the ne,t !usiness day.

-.F The ecitals and 1chedules of this Areement shall ha+e eect and !e

construed as an interal part of this Areement !ut in the e+ent of anyconGict or discrepancy !etween any of the ecitals2 1chedules and&or


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pro+isions of this Areement2 such conGict or discrepancy shall2 for thepurposes of the interpretation and enforcement of this Areement2 !eresol+ed !y:

(a) i+in the pro+isions contained in the 1chedules of this Areementpriority and precedence o+er the pro+isions contained in the lausesand ecitals of and to this Areement ; and

(!) i+in the pro+isions contained in the lauses of this Areementpriority and precedence o+er the pro+isions contained in the ecitalsof and to this Areement.

-.H The headins and su!headins in this Areement are inserted merely forcon+enience of reference and shall !e inored in the interpretation andconstruction of any of the pro+isions herein contained.

23 SALE AND PURCHASE AGREEMENT

C.- In consideration of the $urchaser areein to pay to the Vendor the$urchase $rice2 the Vendor here!y arees to sell and the $urchaser here!yarees to purchase the $roperty on an as is where is !asis with +acantpossession #and with the %,tures and %ttins contained as stated in thein+entory list as anne,ed hereto in Anne,ure - hereto !ut su!ect to suchconditions and restrictionsininterests in the title imposed !y theAppropriate Authorities on the said $roperty whether e,press or impliedfor the consideration and on the terms and su!ect to the terms andconditions hereinafter appearin.

C.C =n e,ecution of this Areement or as soon as practica!le thereafter:

(a) #where the Vendor is an indi+idualThe Vendor shall deli+er to the $urchaser and&or the #$urchasers1olicitors &Vendors 1olicitors two (C) true and complete copies ofthe $urchasers national reistration identity card with the$urchasers sample sinature thereon.

#where the Vendor is companyThe Vendor shall deli+er to the #$urchasers 1olicitors&Vendors1olicitors two (C) certi%ed true copies each of the followindocuments:

(i) the 9emorandum and Articles of Association of the $urchaserincludin its certi%cate(s) of incorporation;

(ii) the ompanies eulations 0orms CH and latest 0orms HHand H@ of the Vendor; and

(iii) +alid and su!sistin !oard of directors and shareholdersresolutions (the latter where necessary) of the Vendorappro+in the sale of the $roperty to the $urchaser on theterms and su!ect to the conditions herein stated2 thee,ecution of this Areement2 the 9emorandum of Transfer

and any other documents for the purposes of the purchase of


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the $roperty and the a>,ation of the common seal on any ofsuch documents.

(!) #where the $urchaser is an indi+idualThe $urchaser shall deli+er to the Vendor and&or the #Vendors1olicitors&$urchasers 1olicitors two (C) true and complete copies ofthe $urchasers national reistration identity card with the$urchasers sample sinature thereon.

#where the $urchaser is companyThe $urchaser shall deli+er to the Vendor and&or the #Vendors1olicitors& $urchasers 1olicitors two (C) certi%ed true copies each ofthe followin documents:

(i) the 9emorandum and Articles of Association of the $urchaserincludin its certi%cate(s) of incorporation;

(ii) the ompanies eulations 0orms CH and latest 0orms HHand H@ of the $urchaser; and

(iii) +alid and su!sistin !oard of directors and shareholdersresolutions (the latter where necessary) of the $urchaserappro+in the purchase of the $roperty from the Vendor onthe terms and su!ect to the conditions herein stated2 thee,ecution of this Areement2 the 9emorandum of Transferand any other documents for the purposes of the purchase ofthe $roperty and the a>,ation of the common seal on any ofsuch documents.

3 MANNER /F PAMENT /F PURCHASE PRICE

F.- The $urchase $rice shall !e paid !y the $urchaser to the Vendor in thefollowin manner:

#If /arnest *eposit and Balance *eposit $aid(a) the $urchaser has prior to the date of this Areement paid to the

Vendor the /arnest *eposit for the $roperty the receipt of which theVendor here!y ac5nowledes2 and in the e+ent of completion of thesale and purchase herein2 such sum shall !e part payment towardsthe $urchase $rice;

(!) upon e,ecution of this Areement2 the $urchaser shall pay to theVendor the Balance *eposit for the $roperty the receipt of which theVendor here!y ac5nowledes2 and in the e+ent of completion of thesale and purchase herein2 such sum shall !e part payment towardsthe $urchase $rice; and

(c) the $urchaser shall pay or cause to !e paid to the Vendor theBalance $urchase $rice on or !efore the ompletion *ate.

#If *eposit $ay 8pon /,ecution of this Areement(a) upon e,ecution of this Areement2 the $urchaser shall pay to the

Vendor the *eposit for the $roperty the receipt of which the Vendorhere!y ac5nowledes2 and in the e+ent of completion of the sale


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and purchase herein2 such sum shall !e part payment towards the$urchase $rice; and

(!) the $urchaser shall pay or cause to !e paid to the Vendor theBalance $urchase $rice on or !efore the ompletion *ate.

"3 C/NDITI/N PRECEDENT

H.- Jhere any one or more of the ondition(s) $recedent speci%ed in theSecond Schedulehereto are applica!le2 this Areement and the sale andpurchase of the $roperty shall !e su!ect to such ondition(s) $recedent!ein ful%lled !y or !efore the e,piry of the rele+ant $ $eriod2 /,tended$ $eriod or 0urther /,tended $ $eriod (as applica!le and as the case may!e).

H.C Jhere the $urchaser and&or the Vendor (as the case may !e) is2 pursuantto the Second Schedulehereto2 o!lied to ful%l a ondition(s) $recedent2

the $urchaser and&or Vendor (as the case may !e) shall at his&her&its owncost and e,pense and within ( *9usiness D)$s:D)$s from thedate of this Areement2 do all such acts2 deeds and thins and complete2e,ecute and su!mit all such applications2 forms2 instruments anddocuments whatsoe+er as may !e necessary to ful%l such ondition(s)$recedent !y the rele+ant $ $eriod2 /,tended $ $eriod or 0urther/,tended $ $eriod (as applica!le). The $urchaser and&or the Vendor (asthe case may !e) shall forward a true2 lei!le and complete copy of eachof all applications2 forms2 instruments2 documents2 letters of appro+als andany other correspondences and documents in respect of the ondition(s)$recedent to !e ful%lled !y the $urchaser and&or the Vendor (as the casemay !e) to the Vendor or the #Vendors 1olicitors&$urchasers 1olicitors or

the $urchaser or the #$urchasers 1olicitors&Vendors 1olicitors (as the casemay !e) within ( *9usiness D)$s:D)$s of the $urchasersreceipt of the same.

H.F Jhere any of the ondition(s) $recedent speci%ed in the SecondSchedule hereto are applica!le2 this Areement shall !ecomeunconditional on the date on which all the rele+ant ondition(s) $recedentare ful%lled in accordance with the pro+isions of this Areement.

H.H In the e+ent that any ondition(s) $recedent has not !een ful%lled !y or!efore the e,piry of the /,tended $ $eriod and the $arties hereto fail to

mutually aree to a 0urther /,tended $ $eriod2 each of the $arties shall!e entitled to terminate this Areement !y prior written notice to theother. In the e+ent of such termination2 this Areement shall lapse and !edeemed to !e null and +oid and of no eect2 and none of the $artieshereto shall thereafter ha+e any claim aainst the other $arty hereto.=nly where such failure to ful%l the ondition(s) $recedent and conse4uenttermination is not due to reasons attri!uta!le to the $urchaser and&or theVendor2 the Vendor shall refund to the $urchaser the *eposit (if alreadyfully paid to and recei+ed !y the Vendor) free of any and all interestwhatsoe+er.

%3 L/AN AND C/MPLETI/N /F THE SALE AND PURCHASE

#If $roperty is free from encum!rances


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.- In the e+ent the $urchaser o!tains a loan or other facility (Loan) fromthe 0inancier to ena!le the $urchaser to complete the purchase of the$roperty from the Vendor2 and pro+ided that:

(a) the $urchaser shall ha+e o!tained appro+al for the 'oan from the0inancier and shall ha+e deli+ered to the Vendor and&or the#Vendors 1olicitors&$urchasers 1olicitors a true2 lei!le andcomplete copy of a +alid and !indin letter of oer from the0inancier duly accepted !y the $urchaser;

(!) the $urchaser shall ha+e e,ecuted and&or caused to !e e,ecuted allsecurity or other documents and shall ha+e done all such acts andthins as may !e re4uired !y the 0inancier for the release !y or!efore the ompletion *ate of the 'oan to the Vendor;

(c) the $urchaser shall cause the 0inancier to deli+er to the #Vendors1olicitors&$urchasers 1olicitors its letter of underta5in addressed

to the Vendor to release the 'oan to the Vendor in accordance withthe terms of this Areement and !y or !efore the ompletion *ate;and

(d) the $urchaser has paid to the Vendor and the Vendor has recei+edin full the *ierential 1um;

then the Vendor shall2 if so re4uested !y the 0inancier or the 0inancierssolicitors or the #$urchasers 1olicitors&Vendors 1olicitors and pro+idedthat the ondition(s) $recedent has !een ful%lled2 deli+er to the 0inancieror the 0inanciers solicitors or the #$urchasers 1olicitors&Vendors1olicitors (as the case may !e) the oriinal #Issue *ocument of Title&1trata

Title2 the 9emorandum of Transfer2 the 4uit rent and assessment receiptsfor the current year and a letter of underta5in addressed to the 0inancierto refund the 'oan to the 0inancier in the e+ent the 9emorandum of

Transfer cannot !e perfected for any reason directly attri!uta!le to thefault of the Vendor resultin in the nonreistration of the chare !y the$urchaser in fa+our of the 0inancier2 for the 'oan to !e released to theVendor !y or !efore the ompletion *ate2 the oriinal 'etter of onsent to

Transfer (if applica!le) and all other documents necessary for thereistration of the 9emorandum of Transfer (hereinafter referred to asthe Tr)ns


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.F The Vendor shall cause to !e deli+ered the Transfer *ocuments to the#$urchasers 1olicitors&Vendors 1olicitors & the $urchasers 0inanciers1olicitors2 as the case may !e2 within ( * 9usiness D)$:d)$sof the #Vendors 1olicitors&$urchasers 1olicitors receipt of the 0inanciersoriinal letter of underta5in to release the 'oan to the Vendor uponpresentation of the 9emorandum of Transfer2 the Transfer *ocuments andthe 0inanciers chare in fa+our of the 0inancier within the ompletion*ate failin which the ompletion *ate shall !e automatically e,tended2free of interest2 for the num!er of days commencin from the e,piry of thesaid stipulated period until the aforesaid documents and payments ha+e!een recei+ed !y the #$urchasers 1olicitors&Vendors 1olicitors or the$urchasers 0inanciers 1olicitors2 as the case may !e.

.H In the e+ent the $urchaser shall !e payin the Balance $urchase $rice outof its own funds2 the parties here!y aree that :

(a) #where the Vendor is an indi+idualThe Vendor shall within ( * 9usiness D)$:d)$s from thedate of receipt of such re4uest deli+er to the $urchasers 1olicitors astatutory declaration declarin that the Vendor is not !an5rupt andthat are no pendin !an5ruptcy petition(s) aainst the Vendor andthat no !an5ruptcy petition(s) has&ha+e !een %led aainst theVendor in any court of law as at the date thereof;

#where the Vendor is an indi+idualThe Vendor shall within ( * 9usiness D)$:d)$s from thedate of receipt of such re4uest !y the #Vendors1olicitors&$urchasers 1olicitors deli+er to the #$urchasers

1olicitors&Vendors 1olicitors a statutory declaration !y the directorsof the Vendor declarin that the Vendor is not woundup and thereare no pendin windinup petition(s) aainst the Vendor and thatno windinup petition(s) has&ha+e !een %led aainst the Vendor inany court of law as at the date thereof;

(!) The Vendor shall cause to !e deli+ered to the #$urchasers1olicitors&Vendors 1olicitors the oriinal Issue *ocument of

Title&1trata Title to the $roperty2 the oriinal 'etter of onsent toTransfer (if applica!le)2 the current 4uit rent and assessmentreceipts and all other documents necessary for the reistration of

the 9emorandum of Transfer in fa+our of the $urchaser (theTr)ns


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(d) the parties here!y authorise the #Vendors 1olicitors&$urchasers1olicitors to release the Balance $urchase $rice toether with thelate payment interest (if any) to the Vendor after ( *9usiness D)$:d)$s from the date of presentation of the9emorandum of Transfer in fa+our of the $urchaser toether withthe Transfer *ocuments at the 'and eistry $=VI*/* A'JAK1

TLAT +acant possession of the $roperty has already !een deli+ered!y the Vendor to the $urchaser.

. 0or the a+oidance of dou!t2 notwithstandin any pro+isions to the contraryin this Areement2 the sale and purchase of the $roperty shall not in anymanner whatsoe+er !e conditional upon or !e su!ect to the $urchasero!tainin the 'oan2 and the $arties shall proceed to complete the sale andpurchase of the $roperty e+en if the 'oan is not o!tained and&or e+en ifany deed of assinment (!y way of security) !y the $urchaser in fa+our ofthe 0inancier is not perfected for any reason whatsoe+er2 pro+ided thatsuch reason (if any) is not directly attri!uta!le to the fault of the Vendor.

#If the $roperty is encum!ered.- In the e+ent the $urchaser o!tains a loan or other facility (Loan) from

the 0inancier to ena!le the $urchaser to complete the purchase of the$roperty from the Vendor2 and pro+ided that:

(a) the $urchaser shall ha+e o!tained appro+al for the 'oan from the0inancier and shall ha+e deli+ered to the Vendor and&or the#Vendors 1olicitors&$urchasers 1olicitors a true2 lei!le andcomplete copy of a +alid and !indin letter of oer from the0inancier duly accepted !y the $urchaser;

(!) the $urchaser shall ha+e e,ecuted and&or caused to !e e,ecuted allsecurity or other documents and shall ha+e done all such acts andthins as may !e re4uired !y the 0inancier for the released !y or!efore the ompletion *ate of the 'oan to the Vendor;

(c) the $urchaser shall cause the 0inancier to deli+er to the #Vendors1olicitors&$urchasers 1olicitors its letter of underta5in addressedto the Vendor in accordance with the terms of this Areement and!y or !efore the ompletion *ate; and

(d) the $urchaser has paid to the Vendor and the Vendor has recei+ed

in full the *ierential 1um;

(e) 1u!ect to the $urchaser compliance of lauses 5.1Error: Reference

source not found25.1(b)2 5.1Error: Reference source not found and 5.1(d)a!o+e2 the Vendor shall2 if so re4uested !y the 0inancier or the0inanciers solicitors2 within ( * 9usiness D)$s:D)$sfrom the date of receipt of such re4uest !y the #Vendors1olicitors&$urchasers 1olicitors e,ecute and deli+er to the 0inancieror the 0inancierMs solicitors a letter of underta5in2 underta5in torefund the 'oan or such part thereof so released to the Vendor or forthe Vendors account to the 0inancier in the e+ent the 9emorandumof Transfer cannot !e perfected for any reason directly attri!uta!le

to the fault of the Vendor resultin in the nonreistration of the


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chare !y the $urchaser in fa+our of the 0inancier2 for the 'oan to!e released to the Vendor !y or !efore the ompletion *ate;

(f) the Vendor shall within ( * 9usiness D)$s:D)$s fromthe date of receipt of such re4uest !y the #Vendors1olicitors&$urchasers 1olicitors deli+er or cause to !e deli+ered tothe 0inancier or the 0inancierMs solicitors an oriinal redemptionstatement cum letter of underta5in addressed to the $urchaser fromthe 'ender (hereinafter referred to as the Rede5#tionSt)te5ent) (in the 'enderMs format) from the 'ender in fa+our ofthe 0inancier; failin which the ompletion *ate shall !eautomatically e,tended2 free of interest2 for the num!er of dayscommencin from the e,piry of the said stipulated period until theedemption 1tatement has !een recei+ed !y the #$urchasers1olicitors&Vendors 1olicitors or the $urchasers 0inanciers 1olicitors2as the case may !e.

() The Vendor underta5es that the Vendor shall forthwith redeem the$roperty from the haree and for this purpose the Vendor here!yauthorises the #Vendors 1olicitors&$urchasers 1olicitors o!tain theedemption 1tatement from the haree on the Vendors !ehalfand the parties hereto further authorise the #Vendors1olicitors&$urchasers 1olicitors to utiliDe part of the Balance$urchase $rice to pay the edemption 1um to the haree and toattend to the dischare and the release of the oriinal #Issue*ocument of Title&1trata Title to the $roperty2 the *uplicate hareto the hare and such other documents in the harees custodyre4uired to attend to the dischare of the hare !y the hareeand the +alid and reistra!le withdrawal of pri+ate ca+eat from for

the withdrawal of the harees pri+ate ca+eat to the $roperty(hereinafter all are collecti+ely referred to as the Disch)r4eDocu5ents) from the haree to the Vendors and the release ofthe *ischare *ocuments !y the #Vendors 1olicitors&$urchasers1olicitors to the #$urchasers 1olicitors&$urchasers 0inanciers1olicitors.

(h) The #Vendor shall cause the Vendors 1olicitors to & Vendor shallwithin ( * 9usiness D)$s:D)$s from the date of receiptof the redemption sum (hereinafter referred to as theRede5#tion Su5) from the 0inancier or the 0inancierMs solicitors

deli+er or cause to !e deli+ered to the 0inancier or the 0inancierMssolicitors the Transfer *ocuments and the *ischare *ocuments andsuch other rele+ant documents; failin which the ompletion *ateshall !e automatically e,tended2 free of interest2 for the num!er ofdays commencin from the e,piry of the said stipulated period untilthe aforesaid documents ha+e !een recei+ed !y the #$urchasers1olicitors & Vendors 1olicitors or the $urchasers 0inanciers1olicitors2 as the case may !e.

(i) the parties here!y authoriDe the #Vendors 1olicitors&$urchasers1olicitors to release the Balance $urchase $rice toether with latepayment interest (if any) less the edemption 1um and the

etention 1um (if any) to the Vendor after ( * 9usinessD)$s:D)$s of the #Vendors 1olicitors&$urchasers 1olicitors receipt


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of the same $=VI*/* +acant possession of the $roperty hasalready !een deli+ered to the $urchaser.

.C The Vendor here!y ac5nowledes arees and con%rms that the paymentand remittance of such edemption 1um to the 'ender !y the #Vendors1olicitors&$urchasers 1olicitors on the Vendors !ehalf shall !e towardsaccount of the Balance $urchase $rice of the $roperty up to the portion ofthe edemption 1um paid.

.F In the e+ent the $urchaser shall !e payin the Balance $urchase $rice outof their own funds2 the parties here!y aree that :

(a) The Vendor shall within ( * 9usiness D)$s:D)$s fromthe date of receipt of such re4uest !y the #$urchasers1olicitors&Vendors 1olicitors deli+er or cause to !e deli+ered to the#$urchasers 1olicitors&Vendors 1olicitors an oriinal edemption1tatement cum letter of underta5in addressed to the $urchaser

from the 'ender; failin which the ompletion *ate shall !eautomatically e,tended2 free of interest2 for the num!er of dayscommencin from the e,piry of the said stipulated period until theedemption 1tatement has !een recei+ed !y the #$urchasers1olicitors &Vendors 1olicitors or the $urchasers 0inanciers1olicitors2 as the case may !e.

(!) upon receipt of the edemption 1tatement from the 'enderaddressed directly to the $urchaser2 the $urchaser shall release theedemption 1um to the #Vendors 1olicitors&$urchasers 1olicitorswho are authorised to forthwith pay or remit such edemption 1umto the 'ender in e,chane for the Transfer *ocuments and the

*ischare *ocuments and such other rele+ant documents;

(c) The #Vendor shall cause the Vendors 1olicitors to & Vendor shallwithin ( * 9usiness D)$s:D)$s from the date of receiptof the edemption 1um from the #$urchasers 1olicitors&Vendors1olicitors deli+er or cause to !e deli+ered to the #$urchasers1olicitors&Vendors 1olicitors the Transfer *ocuments and the*ischare *ocuments and such other rele+ant documents; failinwhich the ompletion *ate shall !e automatically e,tended2 free ofinterest2 for the num!er of days commencin from the e,piry of thesaid stipulated period until the aforesaid documents ha+e !een

recei+ed !y the #$urchasers 1olicitors&Vendors 1olicitors or the$urchasers 0inanciers 1olicitors2 as the case may !e.

(d) #The $urchasers 1olicitors&The $urchaser shall in simultaneouse,chane for the Transfer *ocuments and the *ischare *ocumentsrelease the Balance $urchase $rice less the edemption 1um(hereinafter referred to as the Fin)l )l)nce Purch)se Price)to the Vendors 1olicitors as sta5eholders.

(e) The parties here!y authorise the Vendors 1olicitors to release the0inal Balance $urchase $rice less the etention 1um (if any) to theVendor within ( * 9usiness D)$s:D)$s of the Vendors

1olicitors receipt of the same from the #$urchasers 1olicitors&the$urchaser PR/,IDED THAT the +acant possession of the $roperty


15/37

has already !een deli+ered to the $urchaser. & The parties here!yauthorise the $urchasers 1olicitors to release the remaininBalance $urchase $rice less the etention 1um (if any) to theVendor within ( * 9usiness D)$s:D)$s of the Vendorsreceipt of the same from the $urchasers 1olicitors PR/,IDEDTHAT the +acant possession of the $roperty has already !eendeli+ered to the $urchaser.

&3 E>ECUTI/N /F MEM/RANDUM /F TRANSFER

.- The Vendor shall simultaneously with the e,ecution of this Areement sina +alid 9emorandum of Transfer and the rele+ant forms for stamp duty anddeli+er the same to the #$urchasers 1olicitors & Vendors 1olicitors forimmediate su!mission to the ollector of 1tamp *uties for adudication ofad +alorem stamp duty paya!le thereon.

.C The #Vendors 1olicitors&$urchasers 1olicitors are here!y e,pressly

authoriDed !y the parties hereto to deal with the duly e,ecuted2adudicated2 stamped2 +alid and reistra!le 9emorandum of Transfer in thefollowin manner:

(a) In the e+ent the $urchaser does not o!tain the 'oan from the$urchasers 0inancier2 to present the 9emorandum of Transfer forreistration at the rele+ant 'and eistry upon full payment of theBalance $urchase $rice and late payment interest (if any) to the#Vendors 1olicitors&$urchasers 1olicitors2 as sta5eholders2 inaccordance with the terms herein contained; and

(!) In the e+ent that the $urchaser o!tains the 'oan from the

$urchasers 0inancier2 to release the 9emorandum of Transfer to the$urchasers 0inanciers solicitors for reistration at the rele+ant 'andeistry upon the #Vendors 1olicitors&$urchasers 1olicitors receiptof the oriinal of the $urchasers 0inanciers letter of underta5inaddressed to the Vendor to release the 'oan to the Vendor inaccordance with the terms of this Areement and !y or !efore theompletion *ate and the *ierential 1um2 if any.

'3 RESPECTI,E C/,ENANTS THE ,END/R AND THE PURCHASER


16/37

riht2 power and authority to enter into this Areement and performthe transactions contemplated here!y;

(d) this Areement has !een duly e,ecuted and deli+ered !y the Vendorand constitutes the +alid and !indin o!liations of the Vendor2enforcea!le aainst the Vendor in accordance with the terms hereof;

(e) the Vendor is not an undischared !an5rupt and no !an5ruptcyproceedins whatsoe+er ha+e !een commenced or are threatenedaainst the Vendor2 and no recei+er has !een appointed in respectof the whole or any part of the Vendors property or assets and&orunderta5ins;

#Jhere the Vendor is company(c) the Vendor is a company duly incorporated and e,istin under the

laws of 9alaysia and has full riht2 power and authority to enter intothis Areement and perform the transactions contemplated here!y;

(d) this Areement has !een duly e,ecuted and deli+ered !y the Vendorand constitutes the +alid and !indin o!liations of the Vendor2enforcea!le aainst the Vendor in accordance with the termsthereof;

(e) no order has !een made2 windinup petition presented aainst theVendor or meetin con+ened for the Vendors windinup or for theappointment of a pro+isional li4uidator2 and no recei+er has !eenappointed in respect of the whole or any part of its property2 assetsand&or underta5in.

#(f) that the Vendor has not prior to the date hereof areed to sell the$roperty nor ranted any option or the riht of %rst refusal to anyperson and in the e+ent of such areement2 that the Vendor haslawfully terminated and&or re+o5ed the same. The Vendor has notranted any power of attorney to any person2 corporation or !odycorporate or unincorporate in respect of the $roperty;

() that there are no pendin leal proceedins and&or claims aainstthe Vendor which may aect in any way the Vendors title to or therihts to dispose of the $roperty. The Vendor has not ranted anyriht of access or easements o+er or upon the $roperty to any

person2 corporation or !ody corporate or unincorporate;

(h) that #sa+e for the e,istin hare in fa+our of the haree (if the$roperty is encum!ered)2 the $roperty is not su!ect to anyencum!rances2 ca+eats or prohi!itory orders as at the date hereofand the Vendor shall not chare transfer assin encum!er orhowsoe+er deal with the $roperty from the date hereof;

(i) that there are no outstandin notices in respect of the $ropertyser+ed upon the Vendor;

() that the Vendor has fully settled all outstandin outoins in respect

of the $roperty and shall continue to do so until the date of deli+eryof +acant possession of the $roperty to the $urchaser;


17/37

(5) that the Vendor has the leal capacity to enter into this Areementand that in doin so the Vendor(s) will not contra+ene any law nor!reach any contractual o!liation on the Vendors part;

(l) that as at the date hereof2 the $roperty is not su!ect to any actualor intended ac4uisition proceedins;

(m) that all reno+ations and e,tensions are done in accordance with!uildin plans and speci%cations appro+ed !y the rele+antauthorities; and

(n) that all reno+ations and e,tensions are done in accordance with!uildin plans and speci%cations appro+ed !y the rele+antauthorities; and

(o) that the redemption sum due to the haree as at the date of this

Areement is less than the Balance $urchase $rice.


18/37

!een appointed in respect of the whole or any part of its property2assets and&or underta5in.


19/37

E. 0or the purpose of this Areement2 ris5s in the $roperty shall pass to the$urchaser on the date of deli+ery of +acant possession of the $roperty !ythe Vendor to the $urchaser.

.3 N/N REGISTRATI/N /F TRANSFER

@.- In the e+ent that the 9emorandum of Transfer cannot !e reistered forwhate+er reasons due to no fault of the Vendor nor the $urchaser and dueto a defect which is not recti%a!le at the appropriate 'and eistry2 thenthe Vendor shall within ( * 9usiness D)$:d)$sfrom the date ofreceipt of the notice of termination from the $urchaser refund to the$urchaser or the $urchasers 0inancier2 as the case may !e2 all monies paidto the Vendor towards the $urchase $rice2 pursuant to this Areement2 freeof interest in e,chane for the

(a) documentary e+idence that the $urchaser has withdrawn any pri+ate

ca+eat entered aainst the $roperty !y the $urchaser and&or the$urchasers 0inancier;

(!) redeli+er +acant possession of the $roperty in the same state andconditions (fair wear and tear e,cepted) (if it has already !eendeli+ered to the $urchaser) at the $urchasers own cost and e,pense;

(c) return of the oriinal #Issue *ocument of Title&1trata Title to the$roperty and all other documents deposited with or deli+ered to the$urchaser and&or the 1olicitors and&or the $urchasers 0inancierand&or the $urchasers 0inanciers 1olicitors2 includin !ut notlimited to the 9emorandum of Transfer with the Vendors interest

intact2 once the same is returned !y the 'and eistry;

failin which interest calculated at the rate of #ercent ( ;*perannum on a daily !asis for the period commencin from the day after thee,piry of ( * 9months&days of such demand to the date of actualpayment shall !e paya!le to the $urchaser. The Vendor is not o!lied toma5e any refund until the $urchaser is ready to comply his&her&itso!liations herein.

Thereafter this Areement shall !e terminated and shall !e null and +oidand of no further force or eect and neither party hereto shall ha+e any

further rihts and claims aainst the other sa+e and e,cept for anyantecedent !reach of this Areement.

@.C 8pon the occurrence of the e+ent as setout in 1ection Error: Reference

source not found hereof2 the $urchaser shall !e entitled to retain the9emorandum of Transfer for the purpose of see5in the refund of thestamp duty which has !een paid on the 9emorandum of Transfer from the1tamp =>ce. 8pon o!tainin the refund of the stamp duty2 the $urchasershall return the 9emorandum of Transfer to the Vendor pro+ided alwaysthat the $urchaser has recei+ed the 9emorandum of Transfer from thestamp o>ce.

@.F In the e+ent that the 9emorandum of Transfer of the $roperty cannot !ereistered in the name of the $urchaser due to any ca+eat loded !y a


20/37

third party or any $rohi!itory =rder A?* $=VI*/* TLAT 18L lodmentof ca+eat or $rohi!itory =rder is not attri!uta!le to the $urchaser or the$urchasers 0inancier2 the $urchaser shall delay the completion of the saleand the $urchaser shall not !e lia!le to pay the Vendor any interest on theBalance $urchase $rice or loss or damae arisin from any delay incompletin the sale until the Vendor resol+e the pro!lem aectinreistration of the $roperty in the name of the $urchaser within( * 95onths:d)$s from the date of receipt of noti%cation of suchencum!rance(s)2 failin which2 the $urchaser at his&her&their a!solutediscretion may e,ercise any of the followin options :

(i) terminate this Areement2 in which e+ent the Vendor shall within ( * 9usiness D)$:d)$s from the date of receipt of thenotice of termination from the $urchaser refund to the $urchaser orthe $urchasers 0inancier2 as the case may !e2 all monies paid to theVendor towards the $urchase $rice2 pursuant to this Areement2 freeof interest in e,chane for the $urchaser compliance as set out in

1ections Error: Reference source not foundError: Reference source notfound2 Error: Reference source not found(b)and Error: Reference source not

found(c)a!o+e failin which interest at the rate of /iht percent (EN)per annum calculated on daily !asis shall !e paid !y the Vendor onsuch sums that remain outstandin. Thereafter this Areement shall!e rendered null and +oid and neither party hereto shall ha+e anyclaim aainst the other in respect of the $roperty sa+e and e,ceptfor any antecedent !reach of this Areement; or

(ii) proceed with the completion of the sale in which e+ent the Vendorshall !ear and pay the cost and e,penses reasona!ly incurred !y

the $urchaser to remo+e the encum!rance pre+entin reistrationof the 9emorandum of Transfer.

$=VI*/* TLAT if such encum!rance occurs after the e,ecution of thisAreement and the $urchaser(s) has&ha+e e,ercised the option under

1ection Error: Reference source not found(ii) a!o+e2 the ompletion $eriodshall !e e,tended free of interest2 for the num!er of days commencinafter the e,piry of ( * 95onths:d)$s from the date of receipt ofnoti%cation of such encum!rance until such encum!rance has !eenremo+ed.

1?3 DEFAULT THE ,ENF/R

-O.- In the e+ent that the $urchaser shall ha+e performed and o!ser+ed allhis&her&its o!liations herein stated !ut the Vendor shall fail to complete thistransaction the $urchaser shall !e entitled at his&her&its option to :

(a) speci%c performance aainst the Vendor and all reliefs Gowintherefrom2 or

(!) to terminate this Areement !y notice in writin (hereinafter referredto as "the Election Notice") ser+ed on the Vendor and to elect toaccept a sum e4ui+alent to the *eposit as areed li4uidateddamaes (hereinafter referred to as "the A4reed Li@uid)tedD)5)4es") from the Vendor who shall on or !efore the e,piry of


21/37

( * 9usiness D)$:d)$s from the date of receipt of the/lection ?otice pay the Areed 'i4uidated *amaes to the $urchaserand cause the *eposit and all other monies (if any) paid !y the$urchaser pursuant to this Areement2 free of interest to !e refundedin e,chane for the $urchasers compliance as set out in 1ections

Error: Reference source not foundError: Reference source not found2 Error:Reference source not found(b) and Error: Reference source not found(c)a!o+e failin which interest at the rate of #ercent ( ;*per annum calculated on daily !asis shall !e paid !y the Vendor onsuch sums that remain outstandin. The Vendor is not o!lied toma5e any refund until the $urchaser is ready to comply hiso!liations herein.

Thereafter this Areement shall !e terminated and shall !e null and +oidand of no further force or eect and neither party hereto shall ha+e anyfurther rihts and claims aainst the other sa+e and e,cept for anyantecedent !reach of this Areement.

113 DEFAULT THE PURCHASER

--.- In the e+ent that the $urchaser is in !reach of any pro+isions of thisAreement includin the failure to pay the !alance of the $urchase $rice !ythe ompletion *ate2 the Vendor shall !e entitled at his&her&its option to :

(a) speci%c performance aainst the Vendor and all reliefs Gowintherefrom2 or

(!) to terminate this Areement !y the /lection ?otice ser+ed on the$urchaser and the *eposit is to !e forfeited a!solutely to the Vendoras areed li4uidated damaes and the Vendor shall in e,chane for

the $urchasers compliance as set out in 1ections Error: Reference

source not foundError: Reference source not found2 Error: Reference source

not found(b)andError: Reference source not found(c)a!o+e refund to the$urchaser free of interest any sum in e,cess of the *eposit andthereafter this Areement shall !e deemed terminated and shallthereupon !e null and +oid and of no further eect and neither of theparties hereto shall ha+e any claim aainst the other under or inrespect of this Areement and the Vendor shall ha+e the a!soluteriht to resell the $roperty to such person(s) in such manner and atsuch price and terms as the Vendor may thin5 %t. The Vendor is not

o!lied to ma5e any refund until the $urchaser is ready to complyhis&her&its o!liations herein.

123 APP/RTI/NMENT /F UIT RENTB ASSESSMENT AND /THER/UTG/INGS

-C.- It is here!y areed !y the Vendor and the $urchaser that the payment ofthe 4uit rent2 assessment rates2 ta,es2 Indah Jater 6onsortium charesand all other outoins in respect of the $roperty shall !e apportioned!etween the parties hereto as at the date that the +acant possession ofthe $roperty is deli+ered to the $urchaser.

-C.C All electricity2 water and telephone chares in respect of the $roperty shall!e fully settled !y the Vendor prior to the date of handin o+er of +acant


22/37

possession of the $roperty to the $urchaser and copies of the duly settled!ills shall !e forwarded to the #$urchasers 1olicitors&Vendors 1olicitors.

-C.F The $urchaser shall reim!urse the Vendor with any deposits paid !y theVendor to the manaement which are transfera!le to the $urchaserpro+ided the $urchaser or the #$urchasers 1olicitors&Vendors 1olicitors arefurnished with documentary e+idence of the Vendors depositin such sumswith the manaement.

13 L/DGEMENT /F PRI,ATE CA,EAT

-F.- Immediately after the e,ecution of this Areement2 the $urchaser shall !eentitled at their own cost and e,pense present and reister a pri+ate ca+eataainst the $roperty for the purpose of protectin the $urchasers interest inthe $roperty and prohi!itin any dealins !y the Vendor in the $ropertyprior to the completion or lawful termination of this Areement2 as the casemay !e2 $=VI*/* A'JAK1 that prior to the $urchaser lodin the pri+ate

ca+eat as aforesaid the $urchaser shall ha+e %rst e,ecuted and deli+eredfor deposit with the #$urchasers 1olicitors&Vendors 1olicitors a +alid andreistra!le withdrawal of pri+ate ca+eat toether with the re4uisitereistration fees as sta5eholders who shall !e authorised to attend to thesame for purposes of facilitatin the transfer of the $roperty or2 as the casemay !e2 upon the lawful termination of this Areement the $urchaser shallforthwith at its own costs and e,pense remo+e all ca+eats2 if any2 loded !ythe $urchaser aainst the $roperty failin which the $urchaser shallindemnify the Vendor for any loss2 damae or costs suered !y the Vendoras a result thereof.

1"3 G/,ERNMENT ACUISITI/N

-H.- The Vendor here!y co+enants2 underta5es2 warrants and represents to andwith the $urchaser that to the !est of their 5nowlede information and!elief the $roperty is not su!ect to any ac4uisition proceedins and noac4uisition is pendin as at the date of this Areement.

-H.C In the e+ent of the $roperty or any part thereof shall !e ac4uired orsu!ected to an intended ac4uisition !y the 3o+ernment or any otherauthority at any time after e,ecution of this Areement and prior to thepresentation of the 9emorandum of Transfer to the 'and eistry forreistration2 the Vendor shall forthwith notify the $urchaser of any such

ac4uisition or intended ac4uisition wherein the $urchaser shall ha+e theoption to terminate or continue in the sale and purchase herein.

(a) in the e+ent the $urchaser elect to terminate this Areementwhereupon the Vendor shall refund to the $urchaser the *eposit andany other sums paid hereunder2 free of interest $ro+ided That the$urchaser shall ha+e returned the oriinal 1trata Title to the$roperty and all other documents deposited with or deli+ered to the$urchaser and&or the #$urchasers 1olicitors&Vendors 1olicitorsand&or the $urchasers 0inancier and&or the $urchasers 0inancierssolicitors2 includin !ut not limited to the 9emorandum of Transferwith the Vendors interest intact2 redeli+ered +acant possession of

the $roperty in the same state and condition (fair wear and teare,cepted) (if it has already !een deli+ered to the $urchaser) and


23/37

withdrawn any pri+ate ca+eats loded !y the $urchaser and&or the$urchasers 0inancier and this Areement shall !e rendered null and+oid and neither party hereto shall ha+e any claim aainst theother in respect of the $roperty sa+e and e,cept for any antecedent!reach of this Areement. The Vendor shall not !e o!lied to ma5eany refund until the $urchaser has complied with his&her&theiro!liations herein; or

(!) in the e+ent the Vendor proceed with the sale and purchase inaccordance with the terms and conditions herein (in which e+ent the$urchaser shall not !e entitled to any reduction in the $urchase$rice)2 the Vendor shall also notify the 3o+ernment or other authorityof the $urchasers interest in the $roperty. In the e+ent the $urchaserelects to continue with the sale and purchase therein2 the $urchasershall within ( * 95onths:d)$s of receipt of the Vendorsnotice forward his&her&their notice of election to continue to theVendor and shall thereafter !e entitled to compensation paid or to !e

paid !y the ac4uirin authority and attend all in4uiries and raise anyo!ection and&or appeal aainst any decision made !y the ac4uirinauthority in respect of such ac4uisition.

-H.F In the e+ent of the $roperty or any part thereof shall !e ac4uired orsu!ected to an intended ac4uisition !y the 3o+ernment or any otherauthority at any time after the presentation of the 9emorandum of Transferto the rele+ant authority for reistration2 such ac4uisition or intendedac4uisition shall not nullify or in+alidate the sale and purchase herein norshall it !e any round for any adustment of the $urchase $rice and su!ectto the full payment of the $urchase $rice in accordance with the pro+isionsof this Areement all monies paya!le !y way of compensation !y the

o+ernment statutory ur!an municipal or other authority shall !elon to the$urchaser.

1%3 SCHEDULES AND:/R ANNE>URES HERET/ F/RM ESSENTIAL PART/F THIS AGREEMENT

All the 1chedules and&or Anne,ures anne,ed hereto shall !e ta5en andconstrued as an essential part of this Areement.

1&3 LEGAL FEES AND DISURSEMENT

-.- /ach party shall !ear its own 1olicitors fees and costs !ut the stampduties reistration fees and other chares incidental to this Areementand the 9emorandum of Transfer shall !e !orne solely !y the $urchaser.

-.C The costs and e,penses towards the preparation and completion of the*ischare of hare from the haree shall !e !orne !y the Vendor.

1'3 N/TICE

-


24/37

(!) reistered or other certi%ed mail2 postae prepaid; or

(c) facsimile transmission.

-


25/37

CC.- This Areement may !e e,ecuted in any num!er of counterparts:

(a) each of which shall !e deemed to constitute an oriinal;

(!) all of which2 ta5en toether2 shall constitute one and the sameinstrument; and

(c) the e,ecution !y a party of any of which shall constitute e,ecution!y that party of all such counterparts.

23 AMENDMENTS

CF.- ?o amendment2 +ariation2 re+ocation2 cancellation2 su!stitution or wai+erof2 or addition or supplement to2 any of the pro+isions of this Areementshall !e eecti+e unless it is in writin and sined !y !oth the parties.

2"3 SE,ERAILIT

CH.- If any term2 clause or pro+ision of this Areement shall !e uded or foundto !e in+alid2 +oid or unenforcea!le and&or illeal for any reasonwhatsoe+er2 such in+alidity2 +oidness2 unenforcea!ility and&or illealityshall not aect the +alidity2 enforcea!ility2 leality and&or operation of anyother term2 clause or pro+ision and such in+alid2 +oid2 unenforcea!leand&or illeal term2 clause or pro+ision held to !e in+alid2 +oid2unenforcea!le and&or illeal shall !e deemed to ha+e !een deleted fromthis Areement unless the term2 clause or pro+ision held to !e in+alid2+oid2 unenforcea!le and&or illeal su!stantially impairs the !ene%ts of theremainin portion of this Areement.

2%3 N/N0AI,ER

C.- 6nowlede or ac4uiescence !y any party of2 or in2 any !reach of any of thepro+isions of this Areement shall not operate as2 or !e deemed to !e2 awai+er of such pro+isions and2 notwithstandin such 5nowlede orac4uiescence2 such party shall remain entitled to e,ercise its rihts andremedies under this Areement2 and at law2 and to re4uire strictperformance of all of the pro+isions of this Areement.

2&3 LA0 URISDICTI/N

C.- This Areement shall !e o+erned !y2 and construed in accordance with2the laws of 9alaysia and the parties

(a) irre+oca!ly su!mit to the urisdictions of the ourts of 9alaysia;

(!) wai+e any o!ection on the rounds of +enue or forum ofcon+enience or any similar rounds; and

(c) consent to ser+ice of leal process in respect of or arisin out of thisAreement !y forwardin a copy of such leal process !y prepaidreistered post to their last 5nown address or in any other manner

permitted !y the rele+ant law.


26/37

2'3 FURTHER ASSURANCE

C


27/37

IN 0ITNESS 0HERE/Fthe $arties hereto ha+e hereunto set their hands and

a>,ed their seals the day and year %rst a!o+e written.

#Vendor (indi+idual(s))1ined !ythe Vendor whose name(s) andparticulars are set out in Section 2of theFirst Schedulehereto

In the presence of:

#Vendor (company e,ecution !y hand)

1ined for an on !ehalf of

the Vendor whose name anparticulars are set out in Section 2of theFirst Schedulehereto

In the presence of:

#Vendor (company e,ecution !y common seal)

The ommon 1eal ofthe Vendor whose name anparticulars are set out in Section 2ofthe First Schedulehereto was hereuntoa>,ed in accordance with itsconstitution

In the presence of:

RRRRRRRRRRRRRRR. RRRRRRRRRRRRRRR.*irector #*irector&1ecretary

?ame: ?ame:#?I&$assport ?o.: #?I&$assport ?o.:

#$urchaser (indi+idual(s))


28/37

1ined !ythe $urchaser(s) whose name(s) andparticulars are set out in Section of theFirst Schedulehereto

In the presence of:

#$urchaser (company e,ecution !y hand)

1ined for an on !ehalf ofthe $urchaser whose name andparticulars are set out in Section of theFirst Schedulehereto

In the presence of:

#$urchaser (company e,ecution !y common seal)

The ommon 1eal ofthe $urchaser whose name andparticulars are set out in Section ofthe First Schedulehereto was hereuntoa>,ed in accordance with itsconstitution

In the presence of:

RRRRRRRRRRRRRRR. RRRRRRRRRRRRRRR.*irector #*irector&1ecretary?ame: ?ame:#?I&$assport ?o.: #?I&$assport ?o.:

* Delete where inapplicable.

PThe remainder of this page has been intentionally left blank.Q


29/37


30/37

Section

Descri#tion P)rticul)rs

encu5r)nces oer the

title to thePro#ert$!

?ame ofca+eator:

*ate ofcreation:

'odement no:

hare(s):

?ame oftheharee:

9A##lic)le :Not A##lic)le

*ate ofcreation:

eistration no.:

=ther encum!rances:

& Eistin4conditionso< or)=ectin4the title tothePro#ert$!

ateory of 'and 8se:

estriction(s) in Interest:

/,press ondition(s):

' (a) $urchase$rice ofthe$roperty:

(RM * /nl$


31/37

Section

Descri#tion P)rticul)rs

(!) /arnest

*eposit:

(c) Balance*eposit:

(d) *eposit (RM * /nl$

(e) Balance$urchase$rice:

(RM * /nl$

+ P)rticul)rso< thePurch)ser-sSolicitors!

?ame: 9A##lic)le :Not A##lic)le

Address: 9A##lic)le :Not A##lic)le

. P)rticul)rso< the,endor-sSolicitors!

?ame: 9A##lic)le :Not A##lic)le

Address: 9A##lic)le :Not A##lic)le

PThe remainder of this page has been intentionally left blank.Q


32/37


33/37

SEC/ND SCHEDULE

(To be taken read and construed as an integral part of this Agreement)

C/NDITI/N(S* PRECEDENT

This Areement is su!ect to and conditional upon the followin conditions2 whiche+er may !e applica!le2 !ein ful%lled !ythe rele+ant $ $eriod or /,tended $ $eriod or 0urther /,tended $ $eriod speci%ed !elow (as applica!le):

Section

Condition Res#onsileP)rt$

CP Period : Etended CPPeriod : Further

Etended CP Period

St)tus(A##lic)le : NotA##lic)le*

- If the transfer of the title to the $ropertyin fa+our of the Vendor has prior to thedate of this Areement !een su!mittedfor reistration !ut the title to the$roperty shall ha+e not !een transferredto and reistered in the name of theVendor yet2 then su!ect to the title !einso transferred and reistered in fa+our ofthe Vendor.

Vendor2 at itsown cost

Jithin ( *95onths:d)$s from thedate of this Areement(CP Period)2 failinwhich the $ $eriod shall!e automatically e,tendedfor a further period of

( *95onths:d)$s(Extended CP Period).

Any further e,tensionsthereafter shall !emutually areed upon!etween the $arties heretoin writin (FurtherExtended CP Period).

9Applica!le & ?otApplica!le

*ate of /,piry of$ $eriod:

*ate of /,piry of/,tended $$eriod:


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Section

ConditionRes#onsile

P)rt$


Etended CP Period

St)tus(A##lic)le : Not

A##lic)le*

Section

ConditionRes#onsile

P)rt$


Etended CP Period


A##lic)le*

C If:

(a) The $roperty is su!ect to the*e+eloper and&or the $roprietorconsent to transfer; or

(a) the 'and is su!ect to a restrictionin interest which prohi!its theproposed disposal2 ac4uisition ortransfer of or dealin with the'and & $roperty without the 1tate

Authoritys prior consent & appro+al;or

(!) the $urchaser is a noncitiDen or aforein company as de%ned underthe ?'2 then su!ect to the 1tateAuthoritys prior written consent &appro+al for the ac4uisition of the

Vendor2 at hisown cost

Vendor2 at hisown cost

$urchaser2 athis own cost

Jithin ( *95onths:d)$s from thedate of this Areement(CP Period)2 failinwhich the $ $eriod shall!e e,tended for suchfurther period(s) as may!e mutually areed upon!etween the $arties heretoin writin(Extended CPPeriod or Further

Extended CP Period2 asthe case may !e2 andwhere applica!le).






35/37

Section

ConditionRes#onsile

P)rt$


Etended CP Period


A##lic)le*

$roperty or any interest therein !ythe $urchaser !ein ranted. *ate of /,piry of

/,tended $$eriod:

F If the $roperty is 9alay reser+ed land orthe title to the $roperty contains ane,press condition that the $roperty isdesinated for Bumiputeras only or mayonly !e owned or held !y Bumiputerasand the $urchaser is not a Bumiputeraindi+idual or company2 then the 1tateAuthoritys & uler in ouncils appro+alwill !e re4uired.

$urchaser2 athis own cost

Jithin ( *95onths:d)$s from thedate of this Areement(CP Period)2 failinwhich the $ $eriod shall!e e,tended for suchfurther period(s) as may!e mutually areed upon!etween the $arties heretoin writin(Extended CPPeriod or FurtherExtended CP Period2 asthe case may !e2 andwhere applica!le).



*ate of /,piry of/,tended $$eriod:

# Delete where inapplicable.

PThe remainder of this page has been intentionally left blank. Q


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9ANNE>URE 1

(To be taken read and construed as an integral part of this Agreement)

IN,ENT/R LIST

Sale and Purchase Agreement - With Title

Documents

Transcript of Sale and Purchase Agreement - With Title