Dated this day of , 2023

BETWEEN

CHUA JOO HAI

ONG ANN KIM
(THE VENDOR)

AND

NGOOI JUNG KIT

(THE PURCHASER)

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SALE AND PURCHASE AGREEMENT
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The Purchaser’s Solicitors The Vendor’s Solicitors

MESSRS SIM & PARTNERS MESSRS. NADIM & ASSOCIATES

Advocates & Solicitors Advocates & Solicitors
No. 30-1 & 30-2, Jalan USJ 10/1E Please insert
47620 UEP-Subang Jaya
Selangor Darul Ehsan
Tel: 03-56326922
Fax: 03-56326929
Email: simpartners@gmail.com

(Ref: EDSP/SPA/4064/3504/NGOOIJK/04/23(M2594)-O)

d: M2594 (SW-P)
THIS AGREEMENT is made on the day and year stated in Section I of the First Schedule hereto
BETWEEN the FIRST PARTY whose name and address are as described in Section II of the First
Schedule hereto (hereinafter referred to as "the Vendor") of the one part AND the SECOND PARTY whose
name and address are as described in Section III of the First Schedule hereto (hereinafter referred to as "the
Purchaser") of the other part.

WHEREAS:-

A. THE PROPERTY

The Vendor is the registered and beneficial owner of the property more particularly described in
Section IV of the First Schedule hereto (hereinafter referred to as "the said Property").

B. ENCUMBRANCES

The said Property is presently subject to the encumbrances and/or restrictions-in-interest more
particularly described in Section V of the First Schedule hereto (hereinafter referred to as "the said
Encumbrances").

C. INTENTION OF THE PARTIES HERETO

The Vendor has agreed to sell and the Purchaser to purchase the said Property together with the
fixtures and fittings set out in the Second Schedule hereto free from all encumbrances and with
vacant possession but subject to the restrictions-in-interest and conditions expressed or implied in the
Issue Document(s) of Title upon the terms and conditions hereinafter contained.

D. DECLARATION OF SOLVENCY

The Vendor and the Purchaser hereby solemnly and sincerely declare that they have neither
committed any act of Bankruptcy (or Liquidation, as the case may be) nor have they been
adjudicated a bankrupt (or in liquidation, as the case may be) in the High Court of Kuala Lumpur or
elsewhere in Malaysia.

E. LOAN TO FINANCE PURCHASE

The Purchaser may exercise his option to obtain a loan (hereinafter called " the Purchaser's Loan")
from any bank or financial institution for the purpose of payment of the Balance Purchase Price for
the said Property.

NOW THIS AGREEMENT WITNESSETH as follows:-

ARTICLE I
SALE & PURCHASE

CLAUSE 1.01 CONDITIONS PRECEDENT

This Agreement shall be subject to and conditional upon the conditions precedent set out Section I of the
Third Schedule hereto (hereinafter referred to as “the Conditions Precedent”). In the event that the terms
and conditions contained herein are inconsistent with the Conditions Precedent contained in the Third
Schedule hereto the Conditions Precedent shall prevail.

CLAUSE 1.02 SPECIAL EXPRESS CONDITIONS

This Agreement shall be subject to and conditional upon the special express conditions set out in Section II of
the Third Schedule hereto (hereinafter referred to as “the Special Express Conditions”). In the event that
the terms and conditions contained herein are inconsistent with the Special Express Conditions contained in
the Third Schedule hereto the Special Express Conditions shall prevail.

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CLAUSE 1.03 CONSIDERATION AND PRICE

Subject to Clause 5.02 (Retention Sum for Real Property Gains Tax) hereof, in consideration of the Purchaser
having paid the sum stated in Section IA of the Fourth Schedule hereto to the Vendor as earnest money and
part payment towards the purchase price (hereinafter referred to as "the Earnest Deposit") and in further
consideration of the sum stated in Section IB of the Fourth Schedule hereto (hereinafter referred to as "the
Balance Deposit") now paid by the Purchaser to the Vendor (the receipt of which the Vendor hereby
acknowledges, notwithstanding the retention sum, which shall be regarded as payment towards the Earnest
Deposit or the Balance Deposit, as the case may be) as deposit and part payment towards the purchase price
herein (the Earnest Deposit and the Balance Deposit are hereinafter collectively referred to as "the Deposit"
as stated in Section IC of the Fourth Schedule hereto) OR in consideration of the sum stated in Section IC
of the Fourth Schedule hereto (hereinafter referred to as "the Deposit") now paid by the Purchaser to the
Vendor (the receipt of which the Vendor hereby acknowledges, notwithstanding the retention sum, which
shall be regarded as payment towards the Balance Deposit) as deposit and part payment towards the purchase
price herein, the Vendor hereby agrees to sell and the Purchaser hereby agrees to purchase the said Property
together with the fixtures and fittings set out in the Second Schedule hereto (hereinafter referred to as “the
Agreed Fixtures & Fittings”) free from any encumbrances whatsoever and with vacant possession and
subject to any conditions express or implied in the Issue Document(s) of Title for the total purchase price
stated in Section II of the Fourth Schedule hereto (hereinafter referred to as “the Purchase Price”) subject
to and upon the terms and conditions hereinafter contained.
ARTICLE II
MODE OF PAYMENT

CLAUSE 2.01 PAYMENT OF THE BALANCE PURCHASE PRICE

(1) Subject to Clause 1.01 (CONDITIONS PRECEDENT) above and Clause 2.02 (PURCHASER’S
LOAN) hereof, completion of the purchase shall take place in the manner and within the time
stipulated in Section 1A of the Fifth Schedule hereto (hereinafter referred to as "the Completion
Date ") or within a further period of extension as stated in Section IB of the Fifth Schedule hereto
as provided in sub-paragraph (2) below (hereinafter referred to as "the Extended Completion Date
")(any reference to the Completion Date hereinafter shall be taken to include the Extended
Completion Date, if applicable) when the Purchaser shall pay to the Vendor’s Solicitors who are
more particularly described in Section II of the Fifth Schedule hereto (hereinafter called "the
Vendor's Solicitors") as stakeholders, the balance of the Purchase Price as stipulated in Section III
of the Fourth Schedule hereto (hereinafter referred to as "the Balance Purchase Price")
(hereinafter referred to as “the Completion” or “the date of Completion”, wherever applicable).
The Vendor's Solicitors shall be authorised to deal with the same as stakeholders thereof in the
manner hereinafter provided.

(2) In the event the Purchaser shall be unable to pay the Balance Purchase Price within the time
stipulated in Clause 2.01(1) (PAYMENT OF THE BALANCE PURCHASE PRICE) above, the
Vendor hereby agrees to grant to the Purchaser a period of extension as stated in Section IB of the
Fifth Schedule hereto to complete the purchase herein PROVIDED HOWEVER that the Purchaser
shall pay to the Vendor interest at the rate stipulated in Section IC of the Fifth Schedule hereto on
the outstanding Balance Purchase Price calculated daily on the basis of 365 days a year for each day
of extension provided that any delay not otherwise provided herein exceeding seven (7) days from
the date of request by the Purchaser’s Solicitors or the Purchaser’s Financier or its solicitors from the
Vendor, the Vendor’s Solicitors, the Chargee Bank or any other party in relation any matter
attributable to the Vendor, for any undertaking, document or confirmation to the date of receipt
thereof, shall be excluded from the computation of the Completion Date.

CLAUSE 2.02 PURCHASER'S LOAN

(1) If the Purchaser shall apply for a loan from a bank or financial institution (hereinafter called "the
Purchaser's Financier") to finance the Purchaser's purchase of the said Property, he shall endeavour
to obtain a Letter of Undertaking furnished by the Purchaser's Financier or their Solicitors, on or
before the Completion Date or the Extended Completion Date, to the Vendor or the Vendor's
Solicitors which shall act for the Completion herein, to the effect that if the said Property is free
from encumbrances, the Purchaser's Financier will release a sum up to the maximum of the loan

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 amount to the Vendor's Solicitors upon presentation of the adjudicated and stamped Memorandum
of Transfer in favour of the Purchaser, the Issue Document(s) of Title and the Charge in favour of the
Purchaser's Financier in respect of the said Property for registration or, if the said Property is subject
to the said Encumbrances stated in Section V of the First Schedule hereto, the Purchaser's Financier
will release a sum up to the maximum of the loan amount granted to the Purchaser, to the Vendor’s
Financier (hereinafter referred to as “the Chargee Bank”) for the purposes of redeeming the said
Property and the balance (if any) after redemption, to the Vendor's Solicitors upon presentation of
the Discharge of Charge, adjudicated and stamped Memorandum of Transfer in favour of the
Purchaser, the Issue Document(s) of Title and the Charge in favour of the Purchaser's Financier in
respect of the said Property for registration provided always that the difference between the Balance
Purchase Price and the loan amount (hereinafter referred to as “ the Differential Sum”) shall have
first been deposited by the Purchaser with the Vendor's Solicitors as stakeholders and provided
further that the Vendor shall be at liberty to charge and the Purchaser shall pay to the Vendor interest
at the rate provided in Section IC of the Fifth Schedule hereto on the outstanding Balance Purchase
Price until receipt by the Vendor or the Vendor's Solicitors of the balance loan amount from the
Purchaser's Financier.

(2) If the said Property is subject to the said Encumbrances stated in Section V of the First Schedule
hereto the Vendor hereby agrees that the period of time exceeding seven (7) days from the date the
Purchaser’s Solicitors or the Purchaser’s Financier’s Solicitors, whichever shall be the earlier,
request from the Vendor’s Solicitors or the Chargee Bank, whichever shall be the earlier, the
Redemption Statement cum Letter of Undertaking addressed to the Purchaser’s Financier to the date
of receipt by the Purchaser’s Financier’s Solicitors of the Redemption Statement cum Letter of
Undertaking, and the period of time exceeding seven (7) days from the date of receipt of the
Redemption Sum by the Vendor’s Solicitors or the Chargee Bank, whichever shall be the earlier, to
the date of receipt by the Purchaser’s Financier’s Solicitors, of the duly executed and stamped
Discharge of Charge Forms and all other documents in respect of the said Property including the
Issue Document(s) of Title shall not be taken into account in computing the Completion Date and the
interest payable by the Purchaser to the Vendor provided further that, notwithstanding the extension
of time herein afforded to the Purchaser, in the event that a period of thirty (30) days shall elapse
from the date of receipt of the Redemption Sum by the Vendor’s Solicitors or the Chargee Bank to
the date of receipt by the Purchaser’s Financier’s Solicitors of the said documents/instruments, the
Vendor shall be liable to pay to the Purchaser the chargeable interest levied by the Purchaser’s
Financier in respect of the loan sum or part thereof released herein.

(3) For the purpose of the Purchaser's Loan, the Vendor hereby undertakes with the Purchaser that the
Vendor shall forthwith or in any event within seven (7) days of being notified by the Purchaser’s
Solicitors or the Purchaser’s Financier’s Solicitors, whichever shall be the earlier, execute and deliver
a direct letter of undertaking to the Purchaser's Financier to refund the Purchaser's loan sum so
released by the Purchaser's Financier in the event that the Memorandum of Transfer in favour of the
Purchaser and/or the Charge in favour of the Purchaser’s Financier cannot be registered for any
reason whatsoever, failing which, the period of time after the expiry of the said seven (7) days shall
not be taken into account in computing the Completion Date and the interest payable by the
Purchaser to the Vendor.

(4) The Purchaser's Solicitors are hereby authorised to forward the duly adjudicated and stamped
Memorandum of Transfer together with all other relevant documents in respect of the said Property
in their possession to the Purchaser’s Financier's Solicitors upon receipt of the Letter of Undertaking
aforementioned in Clause 2.02(1) (PURCHASER’S LOAN) by the Vendor's Solicitors from the
Purchaser's Financier or their Solicitors.

CLAUSE 2.03 ABSENCE OF PURCHASER'S LOAN

(1) Subject to Clauses 2.01 (PAYMENT OF BALANCE PURCHASE PRICE), 6.02 (REDEMPTION
OF THE SAID PROPERTY FROM THE CHARGEE BANK) and 5.02 (RETENTION SUM FOR
RPGT) above, and PROVIDED ALWAYS THAT the redemption statement from the Chargee Bank
shall have been received by the Purchaser's Solicitors and PROVIDED FURTHER THAT the Vendor
shall have deposited with the Vendor's Solicitors any shortfall should there be a deficiency in the
Balance Purchase Price to settle the redemption sum owing to the Chargee Bank, in the event the
Purchaser does not require to apply for a loan from a bank or financial institution to finance the

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 Purchaser's purchase of the said Property, then the Purchaser or the Purchaser's Solicitors shall one
(1) calendar month prior to the expiry of the Completion Date notify the Vendor’s Solicitors of the
Purchaser's intention to settle the Balance Purchase Price so as to enable the Vendor’s Solicitors to
obtain the Redemption Statement from the Chargee Bank and upon receipt of the Balance Purchase
Price by the Vendor's Solicitors, the Vendor's Solicitors shall and is hereby authorised by the parties
hereto to take such steps as may be necessary to obtain possession of the Issue Document(s) of Title,
the Discharge of Charge and the Duplicate Charge to the said Property by the payment out of an
appropriate sum from the Balance Purchase Price to the Chargee Bank for the purpose of redeeming
the said Property. After having obtained possession of the said Issue Document(s) of Title together
with a Discharge of Charge and Duplicate Charge from the Chargee Bank, the Purchaser's Solicitors
shall present the aforesaid instruments and the duly executed and stamped Memorandum of Transfer
for registration without undue delay and the Vendor’s Solicitors shall upon the expiry of fourteen
(14) days from the date of presentation release the remaining Balance Purchase Price to the Vendor.

(2) If the said Property is subject to the said Encumbrances stated in Section V of the First Schedule
hereto the Vendor hereby agrees that the period of time exceeding seven (7) days from the date the
Purchaser’s Solicitors request from the Vendor’s Solicitors or the Chargee Bank, whichever shall be
the earlier, the Redemption Statement cum Letter of Undertaking addressed to the Purchaser to the
date of receipt by the Purchaser’s Solicitors of the Redemption Statement cum Letter of Undertaking,
and the period of time exceeding seven (7) days from the date of receipt of the Redemption Sum by
the Vendor’s Solicitors or the Chargee Bank, whichever shall be the earlier, to the date of receipt by
the Purchaser’s Solicitors of the duly executed and stamped Discharge of Charge Forms and all other
documents in respect of the said Property including the Issue Document(s) of Title shall not be taken
into account in computing the Completion Date and the interest payable by the Purchaser to the
Vendor.
ARTICLE III
LODGEMENT OF CAVEAT

CLAUSE 3.01 LODGEMENT OF CAVEAT

The Purchaser shall be at liberty to lodge a Private Caveat over the said Property upon the execution of this
Agreement. The Purchaser hereby undertakes to withdraw any Private Caveat that may be lodged by the
Purchaser in the event this Agreement is lawfully terminated pursuant to the terms herein provided.

ARTICLE IV
DOCUMENTATION

CLAUSE 4.01 MEMORANDUM OF TRANSFER

(1) Upon the execution of this Agreement, the Vendor shall execute a valid and registrable Memorandum
of Transfer of the said Property in favour of the Purchaser or the Purchaser's nominee or nominees
and shall deposit the same with the Vendor’s Solicitors together with the relevant Stamping Proforma
and such other documents as the Purchaser’s Solicitors who are more particularly described in
Section III of the Fifth Schedule hereto (hereinafter called "the Purchaser's Solicitors") may
require for the submission of the Memorandum of Transfer for adjudication of stamp duty payable
by the Purchaser. The Vendor’s Solicitors are hereby authorised and shall deliver the
abovementioned documents when returning this Agreement duly executed by the Vendor to the
Purchaser’s Solicitors for stamping thereof. Thereafter, the Purchaser’s Solicitors shall be authorised
to submit the same to the Stamp Office for adjudication. The Purchaser's Solicitors shall, upon being
informed by the Stamp Office of the adjudicated amount immediately notify the Purchaser who shall
arrange to pay the necessary stamp duty on the adjudicated amount. The Purchaser's Solicitors shall
retain the adjudicated and stamped Memorandum of Transfer, with authority to deal with the same
in the manner referred to in Clause 2.02(4) (PURCHASER’S LOAN) pending payment of the
Balance Purchase Price by the Purchaser in accordance with Clause 2.01 (PAYMENT OF
BALANCE PURCHASE PRICE) hereof.

(2) In the event that the submission of the Memorandum of Transfer for adjudication shall be delayed
due to the failure of the Vendor to supply the said documents or the failure of the Vendor’s Solicitors
to deliver the same within the period agreed, then the time period from the date of this Agreement to

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 the date of actual submission for adjudication by the Purchaser’s Solicitors shall not be taken into
account in computing the Completion Date and the interest payable by the Purchaser to the Vendor.

(3) Any delay by the Stamp Office in adjudicating and stamping the Memorandum of Transfer shall not
be attributed to either of the parties hereto and for this purpose the parties hereto agree that in the
event the Memorandum of Transfer is not adjudicated and stamped by the Stamp Office at least
seven (7) days before the Completion Date so as to enable the Purchaser’s Solicitors to present the
Memorandum of Transfer for registration at the appropriate Land Office/Registry on or before the
Completion Date, the period of time from seven (7) days before the Completion Date to the date of
receipt of the adjudicated and stamped Memorandum of Transfer from the Stamp Office by the
Purchaser’s Solicitors shall not be taken into account in the computation of the Completion Date and
the Completion Date shall automatically be extended for a period equivalent to such period.

(3) In the event of any delay on the part of the relevant Registry/Land Office, Stamping Office and/or
Valuation Department, by reason of system interruption/shutdown or office closure, due inter alia to
change of system including conversion from manual to online transactions, if applicable, which shall
affect any of the step(s) to be taken by the Purchaser or on the account of the Purchaser towards the
completion of this Agreement, including inter alia the adjudication of the Memorandum of Transfer,
the lodgment of private caveat as a prerequisite to drawdown by the Purchaser’s Financier of the
Purchaser’s loan or any part thereof, the application of relevant consent(s), presentation of the
Memorandum of Transfer and/or Charge in favour of the Purchaser’s Financier or the Vendor’s
Discharge of Charge, the stamping of any documents, then the time period from the date of the
earliest step which shall be hindered by the said delay, which shall been able to have been taken by
the Purchaser or on behalf of the Purchaser if not for the said delay to the date the said system
interruption/shutdown, office closure or other cause(s) delays have been resolved by the relevant
Registry/Land Office, Stamping Office and/or Valuation Department, whichever shall be the later,
shall not be taken into account in computing the Completion Date and the interest payable by the
Purchaser to the Vendor.

CLAUSE 4.02 DELIVERY OF DOCUMENTS

The Vendor shall upon the execution of this Agreement deliver the following to :-

(1) the Vendor's Solicitors:-

(a) the original Issue Document(s) of Title (together with Pelan Tanah) in respect of the said Property (in
the event the Property is not subject to a charge).

(2) the Purchaser’s Solicitors:-

(a) certified true copies of the Issue Document(s) of Title (including Pelan Tanah), the quit rent and
assessment receipts for such payments made in respect of the said Property for the current year, and
the previous Sale and Purchase Agreement between the previous proprietor of the Property and the
Vendor;

(b) in the event that the Vendor is a/are natural person(s), certified true copies of the Identity Card(s) of
the Vendor

(c) in the event that the Vendor is a legal person/body corporate, certified true copies (by the company
secretary) of Forms 24, 44 & 49 and Memorandum and Articles of Association of the Vendor
together with the Vendor’s resolution authorising the affixing of the common seal and/or other modes
of execution of this Agreement and all other relevant documents;

(d) the original Renovation Approval(s) as described in Clause 12.01(viii) hereof (if applicable);

(e) such other documents as shall be required to ensure that the said Property can be transferred to and
registered in the name of the Purchaser or its nominees(s) free from encumbrances.

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Subject to Clause 2.02 (PURCHASER’S LOAN) the Vendor's Solicitors are hereby authorised to release the
document(s) stated in Clause 4.02(1) above to the Purchaser's Solicitors upon the Completion of this
Agreement if the Purchaser does not intend to obtain a loan, or if the Purchaser intends to obtain a loan, upon
request therefor to the Purchaser’s Solicitors or the Purchaser’s Financier’s Solicitors, to enable the
Purchaser’s Financier to release the loan sum.

ARTICLE V
REAL PROPERTY GAINS TAX

CLAUSE 5.01 NOTIFICATION OF ACQUISITION AND DISPOSAL

The parties hereto shall within the prescribed period submit to the Director-General of Inland Revenue the
prescribed forms on notification of the disposal and acquisition of the said Property in compliance with the
provisions of the Real Property Gain Tax Act 1976 and any statutory modifications thereto todate. For this
purpose each party shall furnish the other party with the necessary documents within one (1) week from the
date of this Agreement to enable the other party to make such notification. Any penalty levied on any party
for delay in notification due to the failure of the other party to provide such necessary documents shall be
reimbursed by the party at fault.

CLAUSE 5.02 RETENTION SUM FOR REAL PROPERTY GAINS TAX

In compliance with Section 21B of the Real Property Gains Tax Act 1976 (as amended), the Purchaser shall
retain an amount equivalent to three percent (3%) of the Purchase Price from the Deposit or Balance Deposit,
as the case may be, towards the Balance Purchase Price, and deposit the said retained sum with the
Purchaser’s Solicitors who are hereby authorized to pay the said retained sum to the Director General of
Inland Revenue within sixty (60) days from the date hereof, or to deal with the said retained sum or any
portion thereof in any other manner as and when directed by the Director-General of Inland Revenue. In the
event that the Deposit or Balance Deposit, as the case may be, shall be insufficient for the said retention by
the Purchaser, the Purchaser shall not be required to top up the said shortfall and shall not be required to make
advance payment towards the Purchase Price before the Completion Date, and the Vendor shall upon the
execution hereof pay to the Purchaser the deficiency (if any), failing which, the Vendor shall indemnity and
keep the Purchaser indemnified at all times for any penalty levied against the Purchaser for non-compliance
with the abovementioned provisions within the stipulated time period. The procurement of the certificate of
clearance by and any refund from the Director-General of Inland Revenue shall be the sole responsibility of
the Vendor. PROVIDED THAT in the abovementioned retention and payment of three percent (3%) of the
Purchase Price shall not be applicable in the event of the election and/or fulfillment thereof by the Vendor of
the submission of Borang CKHT 3, and provided further that the decision of the Vendor to submit and comply
with the requirements of the submission of Borang CKHT 3 shall be made known in writing to the Purchaser
and/or Purchaser’s Solicitors before payment of the earnest or balance deposit is made by the Purchaser to the
Vendor or the Vendor’s Solicitors and a copy of Borang CKHT 1 and 3 together with the accompanying
documents and proof of submission of and acknowledgment of receipt by the Director-General of Inland
Revenue of the necessary forms and documents shall be forwarded to the Purchaser’s Solicitors within thirty
(30) days from the date hereof.

CLAUSE 5.03 INDEMNITY

The Vendor hereby further agrees covenants and undertakes with the Purchaser to keep the Purchaser and the
Purchaser's respective heirs personal representatives and permitted assigns fully indemnified against all tax
liabilities of the Vendor under pursuant or incidental to the Real Property Gains Tax Act 1976 including all
actions proceedings costs and demands in respect thereof.
CLAUSE 5.04 COVENANT TO PAY TAX

Notwithstanding and in addition to and not in derogation of the provisions of Clauses 5.01 (NOTIFICATION
OF ACQUISITION AND DISPOSAL), 5.02 (RETENTION SUM FOR RPGT & APPORTIONMENT OF
OUTGOINGS) and 5.03 (INDEMNITY) above, the Vendor hereby irrevocably agrees and covenants with and
undertakes to the Purchaser to pay any Real Property Gains Tax that may be payable by the Vendor in respect
of the disposal and sale of the said Property to the Purchaser.
ARTICLE VI
RELEASE OF MONEYS

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CLAUSE 6.01 APPLICATION OF THE BALANCE PURCHASE PRICE
The parties hereto hereby expressly agree and the Vendor's Solicitors are hereby expressly authorised by the
parties hereto to utilise and deal with the Balance Sum as stakeholders upon receipt thereof in the following
manner and order of priority:-

(a) to retain the sums described in Clause 9.05 (RETENTION SUM FOR APPORTIONMENT OF
OUTGOINGS);

(b) to settle for and on behalf of the Vendor all sums payable towards the discharge of the said
Encumbrances, including the release of a sum equivalent to the redemption sum payable to the
Chargee Bank to obtain the Discharge of Charge thereto;

(c) payment of all fees, charges, expenses and other payments, if any, to be paid by the Vendor pursuant
to the provisions herein contained;

(d) release the remaining balance thereof to the Vendor after the Vendor has delivered vacant possession
of the said Property to the Purchaser and upon the expiry of fourteen (14) days from the date of
presentation of the Memorandum of Transfer for registration.

CLAUSE 6.02 REDEMPTION OF THE SAID PROPERTY FROM THE CHARGEE BANK
(1) The Purchaser and/or the Vendor's Solicitors and/or the Purchaser's Financier or their
Solicitors are hereby irrevocably authorised to pay the Chargee Bank out of the Balance Purchase
Price in their possession and custody such sum as shall be necessary to redeem and to obtain the
Discharge of Charge and all other documents in respect of the said Property including the Issue
Document(s) of Title from the Chargee Bank PROVIDED ALWAYS THAT the Vendor shall and
hereby undertakes with the Purchaser that they will forthwith or in any event within seven (7) days of
receipt of the Redemption Statement from the Chargee Bank or of being notified by the Purchaser’s
Solicitors or the Purchaser’s Financier’s Solicitors, whichever shall be the earlier, pay to the Chargee
Bank the deficiency (if any) for the purpose of obtaining the Discharge of Charge and all other
documents in respect of the said Property including the Issue Document(s) of Title, and against which
the Vendor hereby agrees and undertakes to indemnify and keep the Purchaser indemnified at all
times, failing which, the period of time after the expiry of the said seven (7) days shall not be taken
into account in computing the Completion Date and the interest payable by the Purchaser to the
Vendor.

(2) In the event that the Vendor fails to pay to the Chargee Bank the deficiency (if any) abovementioned
within thirty (30) days of receipt of the Redemption Statement from the Chargee Bank or of being
notified by the Purchaser’s Solicitors or the Purchaser’s Financier’s Solicitors, whichever shall be the
earlier, such failure shall be deemed to be a default under Clause 7.02 hereof and the Purchaser shall
be entitled to the remedies provided under Clause 7.02 hereof.

ARTICLE VII
DEFAULT

CLAUSE 7.01 DEFAULT BY PURCHASER

If the Purchaser shall fail to pay the Balance Purchase Price in accordance with the provisions of Clauses
2.01 (PAYMENT OF BALANCE PURCHASE PRICE), 2.02 (PURCHASER’S LOAN) and 2.03 (ABSENCE
OF PURCHASER’S LOAN) with such failure not being due to the fault of the Vendor, it shall be lawful for
the Vendor to determine this Agreement at any time thereafter upon which the sum stipulated in Section IV of
the Fourth Schedule hereto shall be forfeited by the Vendor as agreed liquidated damages absolutely; and
any sum in excess thereof paid by the Purchaser to the Vendor shall be refunded to the Purchaser after
forfeiture free of interest within seven (7) days from the said date of determination, failing which the Vendor shall pay
to the Purchaser interest at the rate of Eight percent (8%) per annum on the said moneys to be calculated on a daily
basis until the date of settlement and thereafter this Agreement shall be treated as null and void and of no
further effect but without prejudice to any right which either party may be entitled to against the other party in
respect of any antecedent breach of this Agreement.

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CLAUSE 7.02 DEFAULT BY VENDOR
In the event of any breach by the Vendor of any of the provisions of this Agreement, then it is hereby agreed
between the parties hereto that without prejudice to any other rights or remedies that the Purchaser may be
entitled to against the Vendor, the Purchaser shall be entitled at the Purchaser's option to either:-

(a) claim for specific performance of this Agreement together with all remedies flowing therefrom; or

(b) terminate this Agreement whereupon the Vendor shall within seven (7) days from the date of notice:-

i) refund the Deposit and all other moneys paid under this Agreement (if any) to the Purchaser,
failing which the Vendor shall pay to the Purchaser interest at the rate of Eight percent
(8%) per annum on the said moneys to be calculated on a daily basis until the date of
settlement, and

ii) pay to the Purchaser a further sum stipulated in Section V of the Fourth Schedule hereto
as agreed liquidated damages, failing which the Vendor shall pay to the Purchaser interest at
the rate of Eight percent (8%) per annum on the said moneys to be calculated on a daily
basis until the date of settlement, and thereafter the Vendor shall be entitled to sell or
otherwise deal with the said Property as if this Agreement had never been entered into
and thereafter this Agreement shall be treated as null and void and of no further effect but
without prejudice to any right which either party may be entitled to against the other party in
respect of any antecedent breach of this Agreement. Upon the determination of this
Agreement and the refund of the Deposit and payment of liquidated damages being made in
the manner herein stipulated, the Purchaser's Solicitors or the Purchaser's Financier or their
Solicitors, as the case may be shall forthwith be authorised to return the Original Issue
Document(s) of Title to the said Property together with all other relevant documents to the
Vendor.

CLAUSE 7.03 NON-REGISTRATION

If for any reason whatsoever not attributable to the fault of either party hereto, the Discharge of Charge by the
Chargee Bank and/or the Memorandum of Transfer of the said Property in favour of the Purchaser is rejected
for registration or is not or cannot be registered by the relevant Land Registry,

(a) it shall be the duty of the Vendor to remove or cause to be removed all encumbrances and to exhaust
all remedial actions forthwith at the Vendor’s own costs and expenses in order to enable the
Purchaser to be registered as the proprietor free from all encumbrances without prejudice to the right
of the Purchaser to take steps or actions to remove any encumbrances or to enforce this Agreement
by specific performance and in such an event the Vendor shall reimburse the solicitors’ costs and all
incidental expenses incurred by the Purchaser.

(b) alternatively, the Purchaser shall be entitled at his option, without prejudice to any other rights or
remedies that the Purchaser may be entitled to against the Vendor, demand that the Vendor refund or
cause to be refunded all moneys paid (including the amount of the Deposit paid under Clause 1.03
(CONSIDERATION AND PRICE) by the Purchaser and/or the Purchaser's Financier hereunder
(without interest thereon) within seven (7) days from the date of notice, failing which the Vendor
shall pay to the Purchaser interest at the rate of Eight percent (8%) per annum on the said moneys
to be calculated on a daily basis until the date of settlement and this Agreement shall thereafter
become null and void and of no further effect. Upon determination of this Agreement and the refund
being made in the manner herein stipulated, the Purchaser's Solicitors or the Purchaser's Financier, as
the case may be, shall be authorised to return the Original Issue Document(s) of Title and all other
documents in respect of the said Property to the Vendor in exchange for such refund.

ARTICLE VIII
VACANT POSSESSION

CLAUSE 8.01 DELIVERY OF VACANT POSSESSION

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The Vendor shall deliver vacant possession of the said Property to the Purchaser or the Purchaser’s duly
authorised agent within the time stipulated in Section IV of the Fifth Schedule hereto.

ARTICLE IX
OUTGOINGS

CLAUSE 9.01 APPORTIONMENT OF QUIT RENTS AND ASSESSMENTS

The quit rents and assessments payable to the relevant authorities in respect of the said Property for the period
prior to and up to the date of delivery of vacant possession of the said Property to the Purchaser shall be borne
and paid by the Vendor and all quit rents and assessments payable to the relevant authorities in respect of the
said Property after the date of the delivery of vacant possession shall be borne and paid by the Purchaser.

CLAUSE 9.02 APPORTIONMENT OF LAWFUL OUTGOINGS

All rates, water, electricity, telephone (if any) rental, sewerage, conservancy charges and all other lawful
outgoings payable to the relevant authorities in respect of the said Property shall be apportioned between the
parties hereto as from the date of the delivery of the vacant possession to the said Property by the Vendor to
the Purchaser or the Purchaser’s duly authorised agent.

CLAUSE 9.03 PROOF OF PAYMENT

Any amount due from either party shall forthwith be paid by the other party upon production of the relevant
receipts.

CLAUSE 9.04 NO PAYMENTS DUE TO GOVERNMENT OR LOCAL AUTHORITY

The Vendor warrants that there are no payments whatsoever due to the Government or any local authority
in respect of any road or drainage or other works carried out by the Government or any such local authority
before the execution of this Agreement and the Vendor hereby undertakes to indemnify the Purchaser against
all actions claims and payments in respect thereof.

CLAUSE 9.05 RETENTION SUM FOR APPORTIONMENT OF OUTGOINGS

The parties hereby irrevocably and unconditionally and expressly confirm and agree that the Vendor's
Solicitors shall retain out of the Balance Purchase Price, such sums to be retained pursuant to the
apportionment of outgoings stated in Clauses 9.01 (APPORTIONMENT OF QUIT RENTS AND
ASSESSMENTS) and 9.02 (APPORTIONMENT OF LAWFUL OUTGOINGS) herein and the Vendor's
Solicitors are hereby authorised to pay and/or deal with such sums retained or any portion thereof
accordingly.

CLAUSE 9.06 NOTIFICATION OF CHANGE OF OWNERSHIP

The Vendor and the Purchaser hereby covenant and undertake with each other to do all such acts and things as
may be required and necessary to inform all the relevant authorities and utilities providers of the change of
ownership of the said Property within thirty (30) days from the Completion Date. In this regard, the parties
hereto are aware that it shall NOT be the obligation of the Vendor’s Solicitors or Purchaser’s Solicitors to
carry out or perform the said acts and/or effect the said notifications.

ARTICLE X
GOVERNMENT ACQUISITON

CLAUSE 10.01 GOVERNMENT ACQUISITION

The Vendor warrants to the Purchaser that the Vendor has not received any notice nor is the Vendor aware of
any intended acquisition of the said Property or any part thereof and the parties hereto hereby expressly agree
that in the event of the exercise of any right or the taking of any steps under the Land Acquisition Act, 1960
by the Government or any other Authority having power to carry out such acquisition between the date of this
Agreement and the Completion Date or the Extended Completion Date, the Purchaser shall be entitled:-
EITHER:-
(a) to terminate this Agreement and upon such termination the Vendor shall forthwith refund to the
Purchaser all moneys paid by the Purchaser hereunder (without interest thereon) within seven (7)

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 days from the date of notice, failing which the Vendor shall pay to the Purchaser interest at the rate
of Eight percent (8%) per annum on the said moneys to be calculated on a daily basis until the date
of settlement and upon such refund being made this Agreement shall thereafter become null and void
and of no further effect. Upon determination of this Agreement and the refund being made in the
manner herein stipulated, the Purchaser's Solicitors or the Purchaser's Financier as the case may be,
shall be authorised to return the Original Issue Document(s) of Title to the said Property to the
Vendor;
OR
(b) to continue with and complete this Agreement and in such event, the Vendor shall notify the
Government or such other acquiring Authority of the Purchaser's interest in the said Property and the
terms of this Agreement and shall immediately upon having notice of such acquisition notify the
Purchaser accordingly. Any compensation payable pursuant to such acquisition shall subject to the
due performance by the Purchaser of their obligations under this Agreement, belong to the Purchaser.
The Vendor shall in all matters concerning such acquisition act upon the instructions and at the
cost of the Purchaser, shall do all acts and things as may reasonably be required by the Purchaser for
the purpose of obtaining the best compensation payable.

ARTICLE XI
BANKRUPTCY/INSOLVENCY

CLAUSE 11.01 EFFECT OF BANKRUPTCY/INSOLVENCY

(a) By execution of this Agreement, the parties hereto hereby warrant that they are not undischarged
bankrupts or insolvent nor are there any bankruptcy and/or foreclosure proceeding(s) pending against
them and/or the said Property.

(b) In the event the Vendor is found to be an undischarged bankrupt or insolvent as at the date of this
Agreement, the Purchaser's Solicitors are hereby irrevocably authorised by the parties hereto to deal
with the proceeds of sale in accordance with the Bankruptcy Act.
(c) In the event the Purchaser is found to be an undischarged bankrupt or insolvent as at the date of this
Agreement, this transaction shall then be deemed to be aborted and the Vendor shall refund to the
Purchaser and/or the Purchaser's Financier, as the case may be, all moneys paid hereunder free of
interest, and upon such refund being made, this Agreement shall thereafter be null and void and of no
further effect.
ARTICLE XII
VENDOR'S REPRESENTATIONS AND WARRANTIES

CLAUSE 12.01 VENDOR'S REPRESENTATIONS AND WARRANTIES

The Vendor hereby covenants, declares, represents, warrants and undertakes with the Purchaser as follows:-

(i) the Vendor is the registered and beneficial owner of the said Property;

(ii) the Vendor has a good and clean title in and to the said Property to pass to the Purchaser;

(iii) the Vendor has full power and authority to execute deliver and perform the terms of this Agreement;

(iv) the Vendor shall fully pay all quit rents, rates, assessments and other lawful outgoings due to the
relevant authorities in respect of the said Property up to the date of delivery of vacant possession and
the Vendor shall not at any time hereafter do or suffer to be done or commit any act, matter or thing
in or in respect of the said Property which may render the said Property or any part thereof liable to
forfeiture or attachment or which shall contravene the provisions of any legislation up to the date of
Completion ;

(v) that no rights, interest, option, lease, tenancy or other agreement or dealing in the said Property
which is valid and binding as at the date hereof has been granted or entered into by the Vendor and
no person, firm or company is entitled to claim (whether through the Vendor or otherwise) any right,
title or interest in the Property or any part thereof;

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(vi) the Vendor has not previously and/or will not hereafter sell, transfer, lease, let, assign, charge or
otherwise deal with the said Property or any interest therein or attempt to do so;

(vii) the Vendor has no notice or knowledge and is not aware of any claim or legal proceedings pending
against the Vendor affecting the said Property;

(viii) all extensions to and all other forms of renovations on the Property, if any, were made with the
authorised approval of the relevant authorities and the Vendor is in possession of all original permits
consents and approvals and other forms of documentary evidence including all approved plans
pertaining thereto (hereinafter referred to as “the Renovation Approval(s)”).

(ix) the Vendor is not in default under any agreement to which he is a party or by which he may be bound
and no litigation, arbitration or administrative proceedings are currently pending or threatened which
default litigation arbitration or administrative proceedings, as the case may be, might materially
affect his solvency;

(x) the Vendor hereby expressly agrees that he shall execute do and/or procure and cause all other
persons or companies, if necessary to execute do and/or procure all such further deeds assurances acts
and things as may be reasonably required so that full force and effect may be given to the terms and
conditions of this Agreement, to ensuring the procurement of the registration of the Purchaser or his
nominee(s) as the registered proprietor(s) of the Property as provided herein;

(xi) the Vendor hereby expressly agrees and acknowledges that the Purchaser is entering into this
Agreement and agreeing to purchase the said Property in reliance upon the covenants, declarations,
warranties set forth hereinabove and the Purchaser may treat the same as conditions of this
Agreement and that none of the said covenants declarations representations and warranties shall be
deemed in any way modified or discharged by the completion of this sale and purchase transaction.

(xii) the parties hereto hereby agree that the truth and correctness of all the matters stated in the
representations and warranties hereinabove contained are accurate in this Agreement and shall form
the basis of the Vendor's and the Purchaser's agreement to the sale and purchase of the said Property;

(xiii) each representation and warranty shall survive the execution of this Agreement and shall be deemed
to have been reiterated as at the date of Completion; and

(xiv) the Vendor shall at all times, save harmless, indemnify and/or keep indemnified the Purchaser, the
Purchaser's successors-in-title and assigns against all actions, proceedings, damages, penalties, costs,
claims and demands by reason of the covenants, declarations, representations as set forth herein or
any of them and the Purchaser may at the Purchaser's option, in the event of such breaches,
misrepresentations or non-fulfilment, by written notice to the Vendor treat this Agreement as
rescinded on the date of receipt by the Vendor of the aforesaid notice.

ARTICLE XIII
CONDITION OF THE PROPERTY

CLAUSE 13.01 CONDITION AS AT THE DATE HEREOF

The Vendor hereby covenants with the Purchaser that the Property shall substantially be in and of the same
condition state nature and character at the date of delivery of vacant possession to the Purchaser as it is at the
date hereof and the parties hereto hereby agree to conduct a joint inspection of the said Property prior to the
delivery of vacant possession of the said Property to the Purchaser. In the event of any changes in the
condition state nature or character of the Property between the date hereof and the date of delivery of vacant
possession, the Vendor shall restore the Property to the same condition state nature and character as it is at the
date hereof in which event, the date of delivery of vacant possession to the Purchaser shall be taken to be the
date of delivery after such restoration has been completed, pending which the Vendor’s Solicitors shall not
release the Balance Purchase Price held by it as stakeholders. In the event that the Vendor does not take any
remedial actions within seven (7) days of notice from the Purchaser or the Purchaser’s Solicitors, the
Purchaser shall be entitled to carry out such restoration works and in such an event, the Vendor’s Solicitors
shall deduct the costs and expenses incurred by the Purchaser from the Balance Purchase Price if the sum
retained by the Vendor’s Solicitors is sufficient, failing which, the Vendor shall reimburse the said costs and

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expenses incurred by the Purchaser and until such deduction or reimbursement is made, the Vendor’s
Solicitors shall not release the Balance Purchase Price held by it as stakeholders, and PROVIDED THAT in
the event of any material change in the condition state nature or character of the Property between the date
hereof and the date of delivery of vacant possession, the Purchaser shall be entitled to terminate this
Agreement whereupon all moneys paid by the Purchaser towards the Purchase Price shall be refunded and
paid by the Vendor to the Purchaser and upon receipt of the same by the Purchaser, this Agreement shall be
deemed to be mutually rescinded and thereafter this Agreement shall be deemed null and void and of no
further force or effect and neither party hereto shall have any claim against the other hereunder save in respect
of any antecedent breach.

CLAUSE 13.02 PASSING OF RISK

The said Property shall be at the risk of the Vendor until the date of delivery of vacant possession thereof to
the Purchaser.

ARTICLE XIV
NOTICES
CLAUSE 14.01 NOTICES
Any notice required to be served under this Agreement by either party hereto on the other shall be
sufficiently served if delivered or sent by registered post to the other party at the address of such other party as
stated herein or at such other address(es) as shall be informed by the recipient party and any notice so sent by
registered post shall be deemed to have been served at the time when in the ordinary course of post it would
have been delivered. If such notice shall be faxed by either party hereto to the other party, such notice shall be
deemed to be sufficiently served upon the production of the fax transmission report.

ARTICLE XV
TIME OF PERFORMANCE

CLAUSE 15.01 TIME OF THE ESSENCE

Time whenever mentioned in this Agreement shall be of the essence of this Agreement.

ARTICLE XVI
BINDING EFFECT
CLAUSE 16.01 BINDING EFFECT
This Agreement shall be binding upon the heirs, personal representatives, executors, administrators,
successors- in-title and assigns of the parties hereto.

ARTICLE XVII
UNDERTAKINGS & COVENANTS

CLAUSE 17.01 SURVIVAL OF UNDERTAKINGS

Each and every of the agreements covenants and undertakings of any party contained in this Agreement
shall survive the lawful termination of this Agreement and each and every of the agreements covenants and
undertakings of such party contained in this Agreement shall continue to be binding upon such defaulting
party and shall take effect and enure for the benefit of the other party notwithstanding any lawful termination
of this Agreement by such other party as a result of any breach by the defaulting party of any of the provisions
of this Agreement.
ARTICLE XVIII
SEVERABILITY
CLAUSE 18.01 SEVERABILITY
Any term, condition, stipulation, provision, covenant or undertaking in this Agreement which is illegal,
void, prohibited or unenforceable shall be ineffective to the extent of such illegality, voidness, prohibition or
unenforceability without invalidating the remaining provisions hereof, and such illegality, voidness

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prohibition or unenforceability shall not invalidate or render illegal, void or unenforceable any other terms,
conditions, stipulations, provisions, covenants or undertakings herein contained.

ARTICLE XIX
KNOWLEDGE OR ACQUIESCENCE

CLAUSE 19.01 KNOWLEDGE OR ACQUIESCENCE

Knowledge or acquiescence by either party hereto of or in any breach of any of the terms, conditions or
covenants herein contained shall not operate as or to be deemed to be a waiver of such terms, conditions or
covenants or any of them and notwithstanding such knowledge or acquiescence, each party hereto shall be
entitled to exercise their respective rights under this Agreement and to require strict performance by the other
of the terms, conditions and covenants herein.

ARTICLE XX
COSTS
CLAUSE 20.01 SOLICITORS’ FEES

Each party hereto shall bear their respective Solicitors’ fees and disbursements.

CLAUSE 20.02 PAYMENT OF DISBURSEMENTS

The costs of and incidental to this Agreement and the said transfer including stamp fee registration fee and
Solicitors' costs shall be paid by the Purchaser; and the costs relating to the Discharge of Charge and the
application for and registration of the Consent to Transfer, and any additional cost on and pertaining to the said
transfer on account of delay attributable to the Vendor, if applicable, shall be paid by the Vendor.

CLAUSE 20.03 FINALITY & INCLUSIVENESS OF PURCHASE PRICE

The Purchase Price agreed upon herein shall be final and shall not be adjusted due to any discrepancy in the
measurement of the area of the Property as indicated in the document of title, and shall also be inclusive of any form
of tax/value added tax in respect of the sale and/or purchase herein.

ARTICLE XXI
FORCE MAJEURE

CLAUSE 21.01 FORCE MAJEURE

(1) The Purchaser shall not be liable in any manner for failure to perform or delay in performing all or
any part of this Agreement which is directly or indirectly due to any case or circumstances beyond
the Purchaser’s control including without limitation, acts of God, fire, floods, storms, earthquakes,
typhoons, tidal waves, plagues or other epidemics/pandemics, governmental laws, orders, regulations,
sanctions or restriction, war (whether declared or not) armed conflict (or the serious threat of the
same), hostilities, mobilisation blockade, embargo, detention, revolution, riot, looting, lockout,
strike, or other labour dispute, unavailability of transportation or severe economic dislocation. For the
avoidance of doubt, the above definition of force majeure shall include the Movement Restriction
Orders (MCOs) imposed following the Malaysian Government’s numerous directives and/or any
other like orders or directives, whether imposed prior to or post the date hereof, which shall affect the
progression of the transaction herein.

(2) In this regard, in the event of an occurrence or occurrences of any incidents of force majeure as
defined herein, the performance of any matters attributable to the Purchaser, shall be excused and the
Completion Period herein shall be suspended, until the cessation of the force majeure is confirmed,
and for the avoidance of doubt, in the event of any delay to the progression of the transaction herein
whether or not contributed or caused by the Vendor’s inability to perform matters and obligations
attributable to the Vendor and/or by any other entities in relation to and/or affecting the said
progression of the transaction herein, then such delay shall result in the suspension to the Completion
Period and shall not be taken into account in computing the Completion Date, and no interest shall be

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 payable by the Purchaser to the Vendor in respect thereof. For the avoidance of doubt, the relief
afforded for the Vendor’s performance of matters attributable to the Vendor in the event of the
occurrence of force majeure, shall not remove, take away and/or detract from the provisions of
allowable extensions afforded to the Purchaser herein.

(3) Notwithstanding Clauses 21.01(1) and 21.01(2) above, in the event that the said Property is
substantially destroyed by fire, flood, earthquake, force majeure or acts of God before the date of full
payment of the Balance Purchase Price to the Vendor’s Solicitors as stakeholders, the Purchaser shall
be entitled to rescind this Agreement whereupon the Vendor shall forthwith refund to the Purchaser
all monies paid by the Purchaser towards the Purchase Price free of interest but without prejudice to
the legal rights either party may be entitled to against the other in respect of any antecedent breach of
this Agreement.

ARTICLE XXII
DEFINITIONS

CLAUSE 22.01 DEFINITIONS AND INTERPRETATIONS

In this Agreement, unless there is something in the subject or context inconsistent with such construction or
unless it is otherwise expressly provided:-

(a) words importing the masculine gender only shall include the feminine and neuter genders and vice
versa;

(b) words in the singular number only shall include the plural number and vice versa;

(c) where there are two or more persons or parties included or comprised in the expression "the Vendor"
or "the Purchaser" agreements covenants term stipulations and undertakings expressed to be made or
binding upon such persons or parties shall be deemed to be made by or binding upon such persons
jointly and severally;

(d) words applicable to natural person(s) include any body of persons, firm or partnership, corporate or
unincorporated, and shall bind all of its assigns and successors-in-title. Accordingly, any reference
herein relating to bankruptcy shall thereafter be references relating to winding-up, liquidation,
amalgamation or reconstruction, as the case may be;

(e) the headings and sub-headings in this Agreement are inserted for convenience only and are to be
ignored when construing the provisions of this Agreement;

(f) the expression day(s) shall mean workday(s), and a period of days from the happening of an event or
the doing of any act or thing shall be deemed to be inclusive of the days on which the event happens
or the act or thing is done;

(g) the expression "Ringgit" and the abbreviation "RM" shall mean the lawful currency of Malaysia;

(h) references to the provisions of any legislation includes a reference to any statutory modification and
re-enactment thereof.

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IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year first above
written.

SIGNED BY the VENDOR )

)
in the presence of:- ) …………………………………………………….……
) CHUA JOO HAI
)
)
)
)
)
) …………………………………………………….……
ONG ANN KIM

)
SIGNED by the PURCHASER )
)
in the presence of:- )
)
) …………………………………………………….……
) NGOOI JUNG KIT

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 THE FIRST SCHEDULE
(which is to be taken read and construed as an essential part of this Agreement)

Section I DATE OF THIS AGREEMENT

Dated this day of , 2023

Section II DESCRIPTION OF THE VENDOR

CHUA JOO HAI (NRIC No. 530719-08-6019) &

ONG ANN KIM (NRIC No. 580427-08-6354)

of Please insert

Section III DESCRIPTION OF THE PURCHASER

NGOOI JUNG KIT (NRIC No. 930615-14-5435)

of to be confirmed

Section IV DESCRIPTION OF THE PROPERTY

All that freehold land held under HS(D) 28127, PT 17261, Mukim Cheras, Daerah Ulu
Langat, Negeri Selangor measuring approximately 100.3 square metres in area together with
a Double Storey Terrace House known as Plot No. 803, Type: Maple, Taman Sri Bahagia,
Phase 3 erected thereon and bearing address No. 62A, Jalan Sri Bahagia 34, Taman Sri
Bahagia, 56000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Please confirm postal address according to municipal council tax address.

Section V PARTICULARS OF THE SAID ENCUMBRANCES

The said Property / Land on which the Property is situated is subject inter alia to:

(a) the Express Condition that it shall be used for: Bangunan

(b) the restriction-in-interest : NIL

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 (c) The Vendor hereby covenants declares represents warrants and undertakes with the
Purchaser that the Vendor’s rights title interest and benefit in and to the said Property is not
currently charged to any financial institution or any third party as security for a loan or for
any purpose whatsoever.

THE SECOND SCHEDULE

(List of Agreed Fixtures & Fittings)
(which is to be taken read and construed as an essential part of this Agreement)

All existing fixtures & fittings as agreed by the parties hereto with the realtor as witness thereof.

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 THE THIRD SCHEDULE
(which is to be taken read and construed as an essential part of this Agreement)

Section I CONDITIONS PRECEDENT

NIL

Section II SPECIAL EXPRESS CONDITIONS

It is hereby agreed that in the event of the termination of this Agreement in accordance with the provisions of
this Agreement and the Vendor has delivered vacant possession of the said Property to the Purchaser, the
Purchaser shall provided all monies to be refunded pursuant to the terms of this Agreement have been
refunded to the Purchaser, cause vacant possession of the said Property to be delivered to the Vendor or its
authorised agent in the same state and condition as when vacant possession is delivered to the Purchaser
except for any or whatsoever permanent fixtures fixed or added to the said Property by the Purchaser, that the
Purchaser may at his sole discretion allow to remain.

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 THE FOURTH SCHEDULE
(which is to be taken read and construed as an essential part of this Agreement)

Section IA EARNEST DEPOSIT

NIL

Section IB BALANCE DEPOSIT

NIL

Section IC DEPOSIT

Ringgit Malaysia Forty Seven Thousand Five Hundred (RM47,500-00) Only

Section II PURCHASE PRICE

Ringgit Malaysia Four Hundred Seventy Five Thousand (RM475,000-00) only

Section III BALANCE PURCHASE PRICE

Ringgit Malaysia Four Hundred Twenty Seven Thousand Five Hundred (RM427,500-00)
Only

Section IV AGREED LIQUIDATED DAMAGES PAYABLE

IN THE EVENT OF DEFAULT BY THE PURCHASER

The sum equivalent to the Deposit paid hereunder by way of forfeiture of the same

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Section V AGREED LIQUIDATED DAMAGES PAYABLE
IN THE EVENT OF DEFAULT BY THE VENDOR

The sum equivalent to the Deposit paid hereunder.

THE FIFTH SCHEDULE

(which is to be taken read and construed as an essential part of this Agreement)

Section IA THE COMPLETION DATE

Ninety (90) days from the date of this Agreement or from the date of receipt by the
Purchaser’s Solicitor of a copy of the Issue Document(s) of Title duly registered in the name
of the Vendor, whichever shall be the later

Section IB THE EXTENDED COMPLETION DATE

Thirty (30) days from the expiration of the 90-day period abovementioned.

Section IC INTEREST CHARGES DURING THE EXTENDED COMPLETION PERIOD

In the event that the Purchaser is unable to pay the balance of the Purchase Price within the
time stipulated in Clause 2 hereof, the Vendor hereby agrees to automatically grant to the
Purchaser an extension of thirty (30) days to pay the balance of the Purchase Price
PROVIDED THAT the Purchaser shall pay to the Vendor interest at the rate of Eight
percent (8%) per annum on the outstanding balance of the Purchase Price to be calculated
on a daily basis as liquidated damages for the actual number of days of extension excluding
the Differential Sum provided the same has been deposited with the Vendor’s Solicitors as
stakeholders.

Section II THE VENDOR’S SOLICITORS

NADIM & ASSOCIATES

Advocates & Solicitors

Please insert

Section III THE PURCHASER’S SOLICITORS

SIM & PARTNERS

Advocates & Solicitors
No. 30-1, Jalan USJ 10/1E

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 47620 UEP-Subang Jaya
Selangor Darul Ehsan

Section IV DELIVERY OF VACANT POSSESSION

Vacant possession of the said Property shall be delivered by the Vendor to the Purchaser
upon full payment of the outstanding Balance Purchase Price by the Purchaser to the
Vendor's Solicitors as stakeholders, failing which, the Vendor shall pay to the Purchaser
interest at the rate of Eight percent (8%) per annum on the Purchase Price to be calculated
on a daily basis as liquidated damages for the actual number of days of non-delivery of
vacant possession PROVIDED ALWAYS THAT this provision shall not operate as or be
deemed to be a waiver estoppel or impairment of the Purchaser’s entitlement to treat the
non-delivery by the Vendor as a breach which shall entitle the Purchaser to the options
stated in Clause 7.02 hereof.

SPA B/W CHUA JOO HAI & ONG ANN KIM and NGOOI JUNG KIT d: M2594 (SWP 4064 3504)
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