Letter of Intent to Purchase Real Estate

Dated…………………….

This purpose of this letter is to set forth some of the basic terms and conditions of the proposed
purchase by the undersigned (the “Purchaser”) of certain real estate owned by the Seller (the
“Seller”). The terms set forth in this Letter will not become binding until a more detailed “Sale &
Purchase Agreement” is negotiated and signed by the parties, as contemplated below by the
sections of this Letter entitled “Non-Binding.”

1. PROPERTY ADDRESS. The property proposed to be sold is located at:

Included are all permanent fixtures and all property that integrally belongs to or is part of
the Real Estate, whether attached or detached.

2. PURCHASE PRICE: The proposed price is RM ________________,.

3. EARNEST DEPOSIT : 2% of the purchase price shall be paid to the Stakeholder

Solicitors by the Purchaser as a refundable option payment to the Seller upon
acceptance of this Offer;

4. SALE & PURCHASE AGREEMENT (SPA) : Sale & Purchase Agreement shall be
executed within 30 days from payment of Earnest Deposit failing which the Earnest
Deposit shall be refunded to the Purchaser by the Stakeholder Solicitors

5. TITLE DOCUMENTS : The Seller shall provide to the Purchaser the Title Documents of
the Property upon the Stakeholder Solicitors receipt of the Earnest Deposit.

6. TERMS OF SALE & PURCHASE AGREEMENT ( Inter-alia) :

(i) that the Deposit Sum equivalent to 10% of the Purchase Price shall be paid to the
Seller upon execution of the Sale & Purchase Agreement:
(ii) that the Completion of the Sale & Purchase Agreement shall be 3 months from the
date of the SPA and further automatic extension of 1 month with late interest of 8 %
per annum on the Balance Purchase Price;
(iii) that the Vacant Possession of the Property shall delivered upon completion of the
SPA;
(iv) that the Completion Date is conditional upon any consent from the relevant
Authorities.

7. FINANCING. That the Purchaser shall obtain Loan Facility for the payment Purchase
Price;
8. COST Each Party shall bear their own legal cost and the Purchaser shall bear the
Stamp Duty.

9. PROHIBITIONS PERIOD . Seller shall not initiate or carry on negotiations for the sale of
the property other than Purchaser upon acceptance this offer provided that the
Purchaser have paid the Earnest Deposit unless both Purchaser and Seller fail to enter
into a Sale & Purchase Agreement within 21 days of this acceptance of this Letter of
Intent.

10. NON-BINDING. This Letter of Intent, does not, and is not intended to, contractually
binds the parties save and except for the PROHIBITIONS PERIOD and is only an
expression of the basic conditions to be incorporated into a binding Sale & Purchase
Agreement..

11. AGENCY FEE : The Seller shall pay a Agency Fee equivalent to 2% of the Purchase
Price to the Property Agent upon execution of the Sale & Purchase Agreement.

12. Goods & Services Tax ( GST) : The Purchase Price shall be inclusive of the GST
payable ( if applicable) to the relevant authorities.

If you would like to discuss a Sale & Purchase Agreement with the undersigned on these
general terms, please sign and return a copy of this Letter of Intent to the undersigned at
within Seven (7) days hereof failing which this Letter of Intent shall be deemed expired.

The above Letter reflects our mutual understanding and sets for the basis for proceedings to
negotiate a Sale & Purchase Agreement as outlined above.

Seller Signature Date Purchaser Signature

Seller Name Date Purchaser Name

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Property Agent Signature Date Property Agent Signature Date

Name: Name:
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