To: (8) (D) . 2 Caryn Lim 8a ‘fin ot fi et 23 Patenton Roacl stly-02 Singa 228544. (hereinafter ea ‘a8 the “Purchaser’) OPTION TO PURCHASE 24 LEEDON HEIGHTS #//-32__LEEDON RESIDENCE SINGAPORE 264270 (hereinaiter called the ‘Property) !ygneeratn ofr sum of Srgapore Datars Two unde and C4 Fie tuousan ($535,000 (hereinafter called the au Fee” being five per cent (5%) of the Purchase Pres) paid by the Purchaser to LEEDON RESIDENCE DEVELOPMENT PTE. LTD. (UEN 200002478E) of 1 Wallich Street_#31-01 Guoco Tower Singapore 078881 (hereinafter called the “Vendor’), receipt of which the Vendor hereby acknowledges, the Vendor hereby makes the following offer which remains open for acceptance until 4pm on 3 Marc 20!] (hereinafter called the “Option Expiry Deadline”) Provided that in the event that any cheque or cashier's order issued in payment or purported payment of the Option Fee or any part thereof is not honoured on first presentment, without prejudice to the Vendor's rights and remedies in law and equity, the Vendor shall be at liberty forthwith to (a) revoke the said offer, in which event the Vendor's obligations under the Option shall forthwith cease; or (b) affirm the said offer and this Option and proceed in accordance with the terms and conditions herein contained and the Option Fee and/or the balance shall remain a debt due and owing from the Purchaser to the Vendor. The cheque or cashier's order for the Option Fee shall be drawn in favour of “UOB FOR PROJECT ACCOUNT NO. 350-369-211-0 of LEEDON RESIDENCE DEVELOPMENT PTE. LTD.” To exercise the Option, the Purchaser shall deliver the Option, with the "Acceptance Copy" of the Option duly signed, in the place indicated to the Vendor's Solicitors (atten; Me Wong Foong Wee), together wih the sum of Singapore Dollars “/~70_ unde and giguty ~ five ouly $285,000[-_} in payment a the Deposit/less the Opti igh Fee paid by way of cheque or cashier's order drawn in favour of "UOB FOR PROJECT ACCOUNT NO. 350-369-211-0 of LEEDON RESIDENCE DEVELOPMENT PTE. LTD.’, which must be honoured on first presentment, before the Option Expiry Deadline The Option will expire on the Option Expiry Deadline and will be null and void if not exercised before the Option Expiry Deadline and in the prescribed manner. If the Purchaser exercises the Option in the prescribed manner, the Option Fee already paid by the Purchaser will be credited to the Purchase Price. If the Purchaser does not exercise the Option in the prescribed manner before the Option Expiry Deadline, the Option Fee will be forfeited to the Vendor and the Purchaser will not be entitled to a refund. Upon the due exercise of the Option, the Option and the Acceptance Copy by the Purchaser shall constitute a binding contract for the sale and purchase of the Property (the "Sale and Purchase Aareement’) between the parties hereto on the terms mentioned below. In the event any cheque in payment of the Deposit less the| Option Fee or any part thereof delivered on the exercise of the Option is not honoured on first presentment, without prejudice to the Vendor's rights and remedies at law and in equity, the Vendor shall be entitled forthwith (a) to treat the contract as null and void ab initio and the Vendor's obligations shall cease but the Purchaser's obligation to pay any monies under this Option shall survive and remain a debt due and owing from the Purchaser to the Vendor; or (b) to affirm the contract and proceed in accordance with the terms and covenants herein contained and the sum equivalent to the unpaid amount of the Deposit less the Option Fee shall remain a debt due from the Purchaser to the Vendor and chargeable with interest at the rate of eight per cent (8%) per annum from the Option Expiry Deadline until the date of receipt. The Vendor hereby offers to sell to the Purchaser the Property on the terms set out below. ‘TERMS OF SALE Definitions and Interpretation 1 Unless the context otherwise requires, the following words or expressions herein shall have the following meanings:- “Building” means the building in which the Property is comprised. “Completion Date” means the date scheduled for completion i.e. eight (8) weeks after the Option Expiry Deadline or from the date of exercise of the Option, whichever is earlier. “Deposit” means (including the Option Fee), ten percent (10%) of the Purchase Price and shall form part of the Purchase Price “Development” means the development known as *LEEDON RESIDENCE” of which the Property forms part “Management Corporation” means the management corporation of the Development constituted under the Land Titles (Strata) Act (Cap 158). “Purchase Price” means Singapore Dollars Five milion even Vauralieel Ahousand ouly (6 S,120, 000]. means M/s Lee & Lee, 50 Raffles Place #06-00 Singapore Land Tower, Singapore 048623. Law Society's Conditions of Sale 2012 24 The sale is subject to "The Law Society of Singapore's Conditions of Sale 2012" (the Conditions’) insofar as they are applicable to a sale by private treaty and are not contrary to or in conflict with (i) the Conveyancing & Law of Property (Conveyancing) Rules 2011 as promulgated under the Conveyancing & Law of Property Act, and (ii) the Singapore Academy of Law (Conveyancing Money) Rules 2011 as promulgated