Date :

[Purchaser of Tropicana Cenang - Assana Serviced Suites]

Dear Sir/Madam,

PARCEL MANAGEMENT SCHEME

Project : Tropicana Cenang - Assana Serviced Suites
Said Parcel : Unit No. __________
SPA Price (SPAP) : ________________________________
Net Purchase Price (NPP) : ________________________________

We, HOSTASTAY SDN BHD (“HAS”), details of HAS are stated in Section 1 of the Schedule, has
collaborated with CENANG RESORT SDN BHD (“Developer”) to provide a parcel management scheme
for selected units under the Project. We are pleased to confirm that the said PARCEL MANAGEMENT
SCHEME (“Scheme”) is applicable to you (“Owner”), details of the Owner are stated in Section 2 of the
Schedule, for the purchase of the property as described under Section 3 of the Schedule (“said Parcel”).

Pending the execution of a definitive agreement between HAS and the Owner in relation to the Scheme
(“Definitive Agreement”) and subject to the terms and conditions therein, the Owner hereby agrees that
the terms and conditions in this letter shall be applicable to the Scheme.

(HAS and the Owner shall collectively be referred to as the “Parties” and each a “Party”).

1. DURATION AND PAYMENT

1.1 The Owner shall grant to HAS the absolute rights to let-out, license or part with the possession
of said Parcel or any part thereof (whether as a tenancy, license or otherwise) to any persons
and for any duration (whether as long term or short term stays) as deemed appropriate by HAS
and in return, HAS agrees to manage the said Parcel and pay to the Owner the payment for the
duration, as follows:

a. Initial Percentage Profit and Term

HAS shall pay to the Owner on a profit-sharing basis of 70 : 30 where the Owner is
entitled to seventy per cent (70%) of the Profit (as defined below) (“Initial Percentage
Profit”) and HAS is entitled to thirty per cent (30%) of the Profit within the Term as
defined in Section 5 of the Schedule, upon the same provisions of the Definitive
Agreement but excluding this provision on renewal. The payment of the Initial
Percentage Profit shall commence from the date of commencement of the Term.

“Profit” means the aggregate of the monthly profits derived from the tenancies of the
said Parcel less all costs and expenses incurred by HAS in relation to the provision of
the Services (as defined below) during the Term and where such costs and expenses
shall be mutually agreed between HAS and the Owner.

b. Subsequent Percentage Profit and Renewal Term

HAS shall pay to the Owner on a profit-sharing basis of 70 : 30 where the Owner is
entitled to seventy per cent (70%) of the Profit (as defined below) (“Subsequent
Percentage Profit”) and HAS is entitled to thirty per cent (30%) of the Profit within the

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 Renewal Term as defined in Section 5 of the Schedule, upon the same provisions of the
Definitive Agreement but excluding this provision on renewal. The payment of the
Subsequent Percentage Profit shall commence from the date of commencement of the
Renewal Term. The Owner shall give a thirty (30) days’ written notice to HAS before the
expiry of each of the existing term (being the Term or any of the Renewal Term) in the
event the Owner decides not to renew any of the term herein stated.

1.2 The Owner agrees and acknowledges that HAS shall have the absolute discretion to appoint a
property management company to manage the said Parcel.

2. DUTIES AND OBLIGATIONS OF HAS

2.1 HAS hereby undertakes and warrants to amongst others provide and perform the following
services (collectively “Services”) under the Scheme:

a. to search for tenants for the said Parcel including to conduct the relevant advertising and
marketing activities for the said Parcel for rental or license;

b. to provide report for the convenience of the Owner on the Initial Percentage Profit and the
Subsequent Percentage Profit (as the case may be);

c. to ensure and guarantee that the said Parcel is equipped, furnished, maintained and
repaired to a “guest-ready” state, condition and standards that is practiced in the
prevailing industry prior to the letting/licensing of the said Parcel and from time to time;

d. to provide housekeeping and cleaning services for the said Parcel;

e. to provide the Front of House” (including concierge) and “Back of House” services, daily
check-in and check-out services and “Online Travel Agency” channel management
services, for the guests and occupants of the said Parcel; and

f. to preserve and guarantee the state and condition of the said Parcel as it was first
delivered to HAS (fair wear and tear excepted) until the expiry of the Term or the Renewal
Term (as the case may be).

3. DUTIES AND OBLIGATIONS OF THE OWNER

3.1 The Owner hereby undertakes and warrants as follows:

a. to consent to the collection of keys by HAS from the Developer for the purpose of delivery
of vacant possession of the said Parcel by the Developer pursuant to the provisions of the
sale and purchase agreement between the Developer and the Owner (“Sale and
Purchase Agreement”) and to consent to HAS to conduct and liaise with the Developer
in respect of any defect check for the said Parcel, for and on behalf of the Owner;

b. to enter into the Definitive Agreement with HAS which shall contain such other terms and
conditions by HAS;

c. to appoint or nominate HAS and/or its nominees to be the Owner’s rightful proxy to attend
and vote for any matter as directed by the Owner at all the meetings held by the joint
management body or management corporation, including but not limited to support the
Scheme and the delivery thereof; and

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 d. save for those payable by HAS under the Definitive Agreement, to pay for any quit rent,
assessments, service and maintenance charges in relation to the said Parcel.

4. COMPLIMENTARY STAY IN TWINPINES SERVICED SUITES

4.1 The Owner shall be entitled to the Complimentary Stay in the Tropicana Cenang - Assana
Serviced Suites at Tropicana Grandhill as defined in Section 4 of the Schedule subject to the
following terms and conditions:

a. the Complimentary Stay shall be subjected to room and dates availability;

b. the Complimentary Stay shall cease with immediate effect upon expiry of the respective
Term, First Renewal Term or the Second Renewal Term. Any unutilised Complimentary
Stay shall be treated as waiver by the Owner and shall be forfeited without compensation;

c. the Complimentary Stay shall be arranged in accordance with the type and size of the
said Parcel and HAS reserves the rights to provide an alternative parcel in the event the
Owner’s request is not available for booking;

d. the Owner is required to book at least thirty (30) days in advance from the date of
intended stay;

e. the Complimentary Stay cannot be exchanged for cash in full or in part nor is the
Complimentary Stay transferrable except to the Owner’s immediate family members
(being the Owner’s parents, spouse, children); and

f. HAS reserves the rights to vary the above terms and conditions at any time without any
further notice to the Owner.

5. OTHERS

5.1 The terms and conditions contained herein and in the Definitive Agreement are adopted and
applicable to all purchasers under the Project and it shall be treated as finalized and non-
negotiable. Any request for variation or amendment will not be entertained by HAS.

5.2 No provision contained herein shall in any way vary or amend the terms and conditions of the
Sale and Purchase Agreement.

5.3 This letter is subject to the execution of the Definitive Agreements by the Parties.

5.4 This letter shall supersede any oral agreements, assurances, statements, representations,
promises, commitments and/or promise made by the Developer and its sales representatives
and appointed agents.

5.5 Reference to Schedule herein shall be construed as reference to the schedule attached hereto.

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If you are agreeable to the above, please sign on the acceptance portion below and return to us the
duplicate copy of this letter within seven (7) days from the date hereof.

Yours faithfully,
for and on behalf of HOSTASTAY SDN BHD

Name: Jordan Oon Yi Jun

Designation: Chief Executive Officer

ACCEPTANCE SECTION

I/We, the undersigned, hereby agree to and accept all the terms and conditions as stated above in this
letter pertaining to the Scheme and agree to register for the Scheme and to pay the Registration Fee.

Signed by:

…......................................................................
Name :
NRIC No./ Passport No.:
Date :

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 SCHEDULE
(To be taken read and construed as an integral part for this letter)

Section Matter Particulars

HOSTASTAY SDN BHD (Registration No. 201701000103

(1214253-P)) a company incorporated in Malaysia and having
1 Description of HAS its registered address at Lot No. 7F-2, 7th Floor, Tower 4 @
PFCC, Jalan Puteri 1/2, Bandar Puteri, 47100 Puchong,
Selangor, Malaysia .

Name:
NRIC No./ Passport No.:
Address:

2 Description of the Owner

Name :
Registration No. :
Registered Address :

Unit No:
3 Description of the said Parcel
Building No:

Ten (10) nights complimentary stay per annum during each the
4 Complimentary Stay Term, the First Renewal Term and the Second Renewal Term
(as the case may be) free of charge (“Complimentary Stay”).

Term A period of thirty six (36) months from

the date of commencement to be
provided in the Definitive Agreement
(“Commencement Date”).

Renewal Term A further two (2) terms of three (3)

years each term in the following
manner :
(a) a renewal period of three (3)
5 Term and Renewal Term years commencing from the
next day following the expiry of
the Term (“First Renewal
Term”); and
(b) a subsequent renewal period of
three (3) years commencing
from the next day following the
expiry of the First Renewal
Term (“Second Renewal
Term”).

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