$SHongLeongisiamic Bank PRIVATE AND CONFIDENTIAL, Date :07/1112022 MOHD NURUDDIN SAFUAN BIN YAHYA 269-4-8, CASA RIA APARTMENT JALAN JEJAKA TAMAN MALURI 555100 KUALA LUMPUR WP KUALA LUMPUR, MALAYSIA. Dear Sir/Madam LETTER OF OFFER FOR HONG LEONG CM FLEX! PROPERTY FINANCING. FOR AN AMOUNT OF FR, 942,859.00 \We are pleased to inform you that we have approved your application for he above financing facilities) set cut below (the Faciliy(ies)’) under the Shariah Principle of Tawarruq subject to the following terms end conditions:- Product Name Hong Leong House Financing Purpose 2 1). Purchase of Property FACILITY 1 Term Financing Facility Amount + Property Financing Sum RM 1,942,889.00 Commodity Sale Price Facility Amount RM 1.942,899.00 Profit Margin" RM 4.781.981 00 Grace Period Profit” RM 583,726.20 Total RM 7,258.606. Applicable Shariah Concept: Tawartug refers to two sale and purchase contracts. The first involves the sole of an asset by the Bank to the Customer on a Murabahah deferred basis, Subsequently the Customer will sel te same asset fo a third party to obtain cash, Murabahah is a sale and purchase of an asset where the acquistion cost and the mark-up are disciosed to the Customer. Commodity/Asset Any type of commotity acceptable to the Bank and must be of 2 nature permitted by Shariah, including but not limited to commodities tradable under the Bursa Sug Al-Sila’ or such other exchange acceptable to the Bank and ‘which are more particulary described in the electronic sales certficate Effective Profit Rate (EPR) Profit charges wil be calculated based on Effective Proft Rate (EPR), It the profit amount based en EPR i lower than the profit amount based on Contracted Profit Rate (CPR), rebate will be granted on the diference upon receipt ful settlement by the Bank Contracted Profit Rate (CPR): 9.50% por annum (p.2.) ** Computed based on Facilty Amount tof 19 OurRet SBTIMGI2022/L0055481 Customer Name > MOHD NURUDDIN SAFUAN BIN YAHYA. Superseded 1 Hong Leong Islamic Bank Berhad zeesonere ss191¥9 Mortgage Sales Centre 204 loo, 19, alan 54, Desa jaya, 52100 Kepong, Selangor, Malaysia Contact Centre +603 7626 8999 vwwhlsb.com my {As part of Hong Leong islamic Banks support for environmental sustainability, this document is printed on 100% recycled pape. \ ee mem eeeStandardised Base Rate. «Bank's Standardised Base Rate (SBR) as at the date of this Letter is 2.50% p.a. and may vary from time to time. Effective Profit Rate (EPR): 1-36 months SBR plus 1.05% pa (Daily Rest) ‘Thereafter SBR plus 1.05% p.a. ‘The profit rate forthe first year will commonce from the date of first release or from the expity of three (3) months from the date of this Letter, whichever is earlier ("Commencement Dato’). Computation of Profit, +: The Effective Profit Rate must be calculated daily on the Eligible Cost utstanaing rom the date of release on a 365-day basis, whereby: a) “Eligible Cost Outstanding’ means the diference between the Cost COuistanding and the Advance Payment or Profit Oset Limit, whichever isthe lower, b) "Cost Ouistanding means the outstanding Principal and all other ‘charges payable to the Bank under the Term Financing on the relevant day: ©) “Advance Payment’ means the total amount of excess monies paid by you to the Bank towards the Term Financing, which are not applied towards the payment of any arrears, lnstalment(s) payable, outstanding charges, redemption andlor prepayment of the Term Financing and 4) “Profit Offset Limit’ means 30% of the Outstanding Principal, or such other percentage or limit imposed an the computaton of profit, as may be varied by the Bank, subject to compliance with Shariah, from time to time, with notice to you Grace P od From fist release of Facility Amount up to 36 months from the date of the Sale ‘and Purchase Agreement or full release of the Facity Amount, whichever is eater. Instalment Period +420 months Monthly instalment + RMB,087.00 Amount with a final instalment of such emount as wil be sufficient to settle in full the fotal outstanding due under the Facilties (applicable to all oer hhouse financing packages except house financing wth bullet payment) ‘The above Monthly Instaiment Amount may be subject to changes as land when there afe effective proft rate changes of as and when the Bank performs the portfolio instalment revision exercise with prior notice to you, The 1 of the Monthly Instalmonts must commonce in the month folowing the first release oF fll release, whichever is earlier, of tho Bank's Purchase Price, 1). Payment of the 1 Grace Period Profit instalment must be made on the 4” day of the month immodiately folowing the 1* disbursement ‘month, The Bank wil advise the Customer(s) of the amount of each Grace Period Profit Instaimont upon fist release of the Facilly Amount. A financing statement on the Grace Period Profit instalment ;payable wil be sent to you on @ monthly basis. {Payment of the 1™ Monthly Instelment must bo made on the 4 day of the month immediately folowing the expiry of the Grace Period OR unt the expity of fourteen (14) days from the date of developer bling ‘on the vacant possassion ofthe subject property, whichever is earlier ‘and the subsequent instalments must bo paid on the 4” day of each 20119 ure BBTMG/2022/L0055491 Customer Name; MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1 Sesucceeding month unt full settlement. Securities of the Fat SECURITY 4 Security: First Party Open Monies Charge over a THREE STOREY TERRACE HOUSE known as DM 2 8 4 47, RESIDENS! LAMAN TIMUR, 53100 KUALA LUMPUR, W.P KUALA LUMPUR, MALAYSIA held under HSD 122994 PT 50249 MUKIM OF SETAPAK DISTRICT OF DAERAH SETAPAK WP KUALA LUMPUR MALAYSIA (the Property), or more particularly deserbed in the Charge andlor Sale and Purchase Agreement between you and the DeveloperVendors) Early Redemption / + If you redeem or setle in full the Faciliy(es) within the first 36 Sottioment Charges months respectively of the financing tenure from the date of frst release, there must be a reduction in rebate (Ibra!) amount as stipulated in the Main Terms & Conditions of this letter. Conditions to be fulfilled botor lease of Faclltios:- 1. The purchase price or Open Market Value of the properties) whichever is lower must not be less than RM2, 159,886.00, 2. The progressive release of financing will be in accordance with the schedule of payment of purchase price stipulated in the Sale and Purchase Agreement and is subject to receipt of the certification by fan Architect or Engineer registered under the Architects Act 1967 (Act 117) or the Registration of Engineers Act 1967 (Act 138) confirming the respective stages of construction 3, Statutory Declaration thatthe propery is for the owners occupancy (f applicable) 4. The Financing Document and all other security documents relating tothe Facilty(es) have been duly ‘executed andlor stamped andlor registered with the relevant authorities to the satisfaction of the Bank and subject tothe Bank solictor’s confirmation that is in order to release the Faciy(es) and the Bank's interests protected a all imes. 5. The Bank isin roceipt of any requiste regulatory approval(s) and consent(s) from the relevant state authors including but not limited to Bank Negara Malaysia andlor Economic Planning Unit of the Prime Ministers Dopartment, wherever appicable. 6. The disbursement of the Faclty Amounts subject fo the Bank in receipt of satisfactory evidence that the developer has obtained the relevant approvals fr the development of the project including but not limited to the Advertsing Permit and Developer's License under the Housing Development (Control & Licensing) Act 1966 & Regulations (if appicable) 7. Where MRTTIMLTT is required and not financed by the Bank, you may take up the MRTTIMLTT from, takaful operator of your choice. Its your sole responsblty to ensure that takaful contrition is paid te your nominated takaful operator to effec the MRTT/MLIT. 8. In the case of property(es) which sare fre from encumbrances, the following additional measures ‘must be taken to establish the ownership ofthe said propertyies) (a) For property(es) with individual ttle, the Faciliy(ies) must be released upon the Bank having received 30f18 Our Ref BBT/MG/2022/1.0085401 Customer Name > MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1(0 the original tite and duplicate charge in favour ofthe Bank duly registered with the relevant land offcelregsty; andlor (i) the results of an addtional land search conducted against the property(ies) by an independent legal fim appointed by the Bank to very the confirmation received from the financing documentation solicitor that the transfer (if applicable) and charge has been presented tothe and offce/registy (b) For property(es) whore the individual document of the/strata tite has/have not beon issued and is/are held under master tile, the Facies) must be released upon the Bank having received ‘writen confirmation from the developeriregistered owner of your right of ownership in respect of the relevant propertyies) 9. Any other terms and conditions as stipulated in the Main Terms & Conditions ofthis letter, the Facility ‘Agreement and security documents as may be advised by the Bank's solicitors, [Tho rest of this page is intentionally loft blank] 4019 OurRet BETIMGI2022/L.0085491 CustomerName MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1‘Additional conditions: 1. The property proffered must not be of semipermanentiwooden structure, or such other structure as ‘he Bank at its discretion determine unfit for financing Notwithstanding anything contained in this Letter of Offer, the Bank raserves the right to ccancellterminata the Facil at any time in the event the Blank receives notice that 4) if before the propery(ies) under finance is fully and completely constructed andior issued with the Cerificate of Completion and Compliance (or its equivalent) a petition is presented forthe winding-up of the developerivendor or the landowner (i applicable); or ») ifthe developerivendor or landowner shall suspend or given notice to any person ofits intention to suspend construction of the propertyies) under finance or abandens construction (if appicabe). 3. If you and the properties) proffered in this Letter of Offer fall under the ambit of the Stamp Duty (Remission) Order 2014 (‘Exemption’), and are eligible for the Exemption, you are required to ‘execute the relevant Statutory Declarations as provided by the relevant stamp office for the Exemption 4, The Bankmay atts dieeretion by notice to you i to substitute andor change the entr basis of calulting the Efectve Profi Rate; andlor i) fo vary, change andlor substitute the “Reference Rate: andlor iy to vary such margin imposed above or below the Reference Rate; andlor iv) to vary any commission, discount or other banking charges subject to Bank Negara Malaysia's Guidelines, ‘The Bank may exercise @ combination of any one or more of the above and may, at its discretion, vary the amount of the monthly instalment or the number of the monthly instalments due to variation of the Effective Profit Rate, margin or the default rates of profit or for any reason, with prior writen nati to you Notwithstanding other terms of this Faclty(ies), the profit rato charged by the Bank wil not be less than 0.0% p.a. at any time and the Bank reserves the right to apply the ICOF for providing or funding the Faciliy(ies) “Note : ‘Reference Rate” means the reference rate per annum from time to time stipulated by the Bank as its financing rate for credifinancing fecilies, including but not limited to Islamic Financing Rate ('IFR’), Islamic Base Rate (IBR’), Slandardsed Base Rate (‘SBR’), Islamic Cost of Funds (CICOF"), Fixed Deposit Rate (HLFO-1) or Kuala Lumpur Interbank Offered Rate (‘KLIBOR”) as the ‘case may be or such other rate by whatsoever name called as quoted by the Bank wherever applicable from time to time. ICOF is defined as the cost to the Bank of providing or funding the Faciliy(es) Facilties from whatever source it may select at its discretion plus the cost of maintaning its statutory reserves, liquidity requirements, administrative and other related costs of the Bank as Stipulated by the Bank from ime to time. 5, Minimum Effective Profit Rete ‘The minimum Effective Profit Rate applicable to the Facilties must not be less than 1.70% per annum calculated on dally rest or such other minimum rate as may be prescribed by the Bank from time to time 5 o0f19 Our Ref BBT/NG/2022/1.0055491 Customer Name; MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 16. Authorisation to proceed via Assignment despite Issuance of ile Inthe event that the individual ile is issued after execution of the assignment documents, then by accepting this Letter of Offer you hereby authorise the Bank to disburse the Feciliyies) prior to the presentation ofthe transfer and charge, in order to expedite the release ofthe Faciiy(ies). The Bank ‘will proceed to disburse the Faciltyies) on the security of (among others) the assignment and upon lodgement of private caveat on the property and fulflment of the following additional pre- disbursement condlions:~ (a) Written confirmation from the sale end purchase solcitors (SPA solctors) to the Bank that you! the purehaser(s) have deposited with the SPA solctors, the requisite stamp duty on the Memorandum of Transfer (MOT) (b) Developer! Land Proprietor has executed or given to the Bank itstheir undertaking to execute the MOT in favour of you! the purchaser(s) and to deliver the original tile deed and duly executed MOT to the financing solicitors for further action in due course; and (c) For 3rd party assignment casas, the third party assignor(s) has provided the Bank witha letter of, Instruction cur undertaking to release the Facilty(ies) prior tothe presentation of the MOT. ‘This condition shall not apply for a propery with restriction in interest 7. you are @ foreigner with @ Malaysian Pormanent Resident Identficaion Card, you shall further provide @ copy of your valid passpor issued by bearing number to evidence your current status, [The rest of this page is intentionally loft blank] eof t9 Our Ref ‘BBT/MGI2022/1.0055401 Customer Name: MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1Legal cost The legal fees, valuation fees and stamp duty isto be borne by you. [Please refer to and other Main Terms & Conditions for details) Expenses Solicitor (N) Zairina Loh & Wong B-A-10, Megan Avenue i No. 12, Jalan Yap Kwan Seng 50450 Kuala Lumpur WP Kuala Lumpur, Malaysia Tel No: 03-27108283 Fax No: 03-27108281 ‘The Faciliy(as) granted is subject to the Main Terms and Conditions attached and the preparation, ‘execution and delivery by you and the security party(es) (if any) of security documents in the form and substance satisfactory to the Bank, Kindly indicate your acceptance ofthis offer by signing and retuming the duplicate ofthis Letter to the Bank Within fourteen (‘4) days from the date of this letter, failing which this offer wil lapse and be cancelled, Unless an extension has been allowed by the Bank, Upon your acceptance of ths leter, our earlier Letters) of Offer and all subsequent Supplemental Letter(s) of Offer (if any) in elation to the Faciityies) must be superseded and cancelled Yours fithuly, For and on behalf of Hong Loong Islamic Bank Berhad (200501000144 [686191.W)) LailPek Woon, Veronica Branch Manager Address MSC KEP Level 2, No.19, Jalan 54, Desa Jaya 52100, Kepong, W.P Kuala Lumpur, Malaysia Toti9 OurRet ‘BBT/MGI2022/.0055401 Customer Name > MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1We, the undersigned hereby. ‘accept your offor of the Facilty(ies) subject tothe terms and conditions stated above and in the ‘attached Main Terms and Conditions and agree to be bound by them. + declare that i we have applied for takafulMRTTIMLTT, live have checked the accuracy and correctness ofthe details furnished in the application form for MRTT/MLTT and amlare aware of the scope of covorage ofthe takafuWMRTT/MLTT policy(es) purchased. + acknowledge that we have received, read and understand the Product Disclosure Sheet provided by the Bank. + represent and warrant that we have obtained the consent of all persons named in my/our ‘plication for the Facilly(ies) or such other document submited to the Bank in support of mylour application for the Faciity(es) andor my/our authorized representatives, inciuding but Not limited to my/our directors, shareholders, authorized signatories or such other persons a, ‘specified by tho Bank ("Relevant Data Subjects) for the Bank's collection, holding and use of the personal information of the Relevant Data Subjects in accordance with the Bank's Privacy Note (as defined in the Main Terms and Condlons) as may be amended from time to tine. + conf that the purchase price is net of any forn of price discounts, adjustments, rebates, andlor any others form of benefits offered by the developer Signature: Name } MOHESNURUDOIN SAFUAN BIN YAHYA NRIC No | PassportNo : 880646-30.5050 Date e/a “ few Witnessed by: signtue CLS Name eo ‘fon Lx 0 © heotrereus Date i QooerPrrtus Ref rr 8019 Our Ret BBTIMG/2022.0056401 Cistomer Name MOHD NURUDDIN SAFUAN BIN YAHYA, Superseded 1PRODUCT DISCLOSURE SHEET read tis Powe Decooue She ttre you deca sho | $$$ HongLeonglsiamic Bank Ute Hows toons i Pa Popny Foote Bet shatead Me tte ta cr Suk Cassie fom Bean Pv Geet undesd sy raf eects | ng Long CM on Props Franco Me gone! 1B Please tick whichever is applicable in this document. Date of Issuance of PDS: ames Prat do nts a ania wee ay cretion 4. What is this product about? This house financing is an Istemic financing faclity which complies with Shariah principles to assist you in owning property. It comes with # combination of fixed and variable rate ‘The profit rate is pegged or attached against the Standardised Base Rate (SBR). Under ths product, any increase in rate is subject to caling rate or the maximum profit rate chargeable ie. the Contracted Profit Rate (CPR) where the Selling Price is capped at CPR, No matter how high the SBR fluctuates, you will not be charged more than the CPR This faclty is calevlated on a variable rate basis and you are offering your property as a securily to the Bank It offers flexibility in payment and profit savings. Any excess payment received after deducting your instalment and any charges payable, is deemed as an “Advance Payment ‘Advance Payment wll not be considered as prepayment of the principal balance, However,. subject tothe terms in the Letter of Offer it shall be taken into consideration for profit calculation purposes. The Effective Profit Rate is calculated on the Eligible Principal Outstanding Balance, which isthe difference between the financing outstanding balance (exclusive of charges) (Principal Outstanding Balance’) and the Advance Payment or up to 30% of the Principal Outstanding Balance, whichever is lower Withdrawals ae allowed from excess payment under Advance Payment with written notice. 2. What's the Shariah concept applicable? ‘The Shariah principle used is Murabshah vie Tawarruq arrangement. Murabahah is a sale and purchase of an ‘asset where the acquisition cost and the mark-up are disclosed to the Customer. Tawarrug refers fo two sale and purchase contracts. The fist involves the sele of an asset by the Bank to the Customer on a deferred basis. Subsequently the Customer will sell the same asset to third party fo obtain cash ‘The mechanics involved: 1. The Bank buys the commodity” at Facity Amount on spot bass; 2 Bank now owns the commodity: 3. Bank sells the commodity to customer at a Seling Price (cost plus mark-up (Murabahahl) on deferred ‘payment (instalments). As owner ofthe commodity, customer may opt to take physical deliveryipossession at his own expense, 4. Next as the owner of the commodity, customer appoints Bank as agent (wakil to sell the commodity, 5. Bank (as agent ofthe customer) sells commodity at Facility Amount on spot toa third party for cash, ©. Bank disburses the proceeds (Facilty Amount) ofthe customers sale of the commodity (Facility Amount) “Commodity: - (a) The commodiy isin the form of Crude Palm Oil or any other Shariah compliant commodities to be traded under the Faciliy which must be acceptable to the parties and as aporoved by the Shariah Committee of 9of 19 Our Ret ‘BBTIMG/2022/1.0055491 Customer Name: MOHD NURUDDIN SAFUAN BIN YAHYA ‘Superseded 1the Bank (©) The trading is carried out on a multicommodity trading platform such as Bursa Sug AV Sia’ or any other commodity trading platform, which, facitates Tawarrug transactions and has been approved by the Shariah Comite of the Bank ‘3. What is the Standardised Base Rave (SBR)? = ‘The SBR we offer on this product is based on the benchmark rate specified by Bank Negara Malaysia, The benchmark rate is currently set as the Overnight Policy Rate (OPR), which reflects the monetary policy stance as decided by the Monetary Policy Committee of Bank Negara Malaysia 4. What are the possible scenarios to tigger a change in the SBR? = = “The SBR can rise or fall due to changes in the benchmark rate, ie. changes in the Overnight Policy Rate (OPR), Historical SBR for the past 3 years - fz ‘The SBR was introduced on 1 August 2022. The dotted line shows the historical series ofthe OPR, whichis the benchmark rate of the SBR. For anger historical series, please reer to our website What do got from tis product? Facilily1- Term Financing item Description ‘Total amount financed | RM 1.042,808.00, Maigin of financing * | 69.95% Tenure: 420 months: Profit Rate’ Effective Profit Rate Profit Rate Effective Prof rate 1-36 months SBR plus 1.05% | 355% p.a Thereafter SBR plus 1.05% | 3.55% pa. Conbactod Prot Rate_| 850% pa Selling Price RM 7,258,60820, torte ‘Our Ref BBT/MG/2022/.0055491 Customer Name: MOHD NURUDDIN SAFUAN BIN YAHYA ‘Superseded 1Note: Curent Standardised Base Rate (SBR) is 2.50% “The Margin of Financing is calculated based on the net seling price/curront market value of the property ‘and not based on the Sale and Purchase Agreemont (SPA) price, | 7. What are my obligations? ‘Your monthly instalment is RM 8,087.00 + Total paymentfinancing payment amount atthe end of 35 years is RM 3,396,540.00 Important: Your monthly instalment mount and total payment amount wil vary ifthe SBR changes. Re ‘Today (SBR=250%) | WSBR increases to | WSER increases to 3.50% 450% Facility 1 Term Financing tonthiy payment 1-420 Months 1-420 Months 7-420 Months lamount |RIe,087.00 RM9,256.00 Ru10498.00, Total profit cost atthe [RM ¥.453/641.00 RW 944,627.00 RW 2,466,267.00 lend of 420 months a Total payment amount |RM 3.306 540.00 Ri 3 887,520.00 RW 4408, 160.00 at the end of 420 months Note: + If you make financing payment via a standing instruction, you should change the instalment amount whenever there is a change fo the SBR. + Pending commencement of the monthly instalment as provided in the table above, you are required to pay the Bank monthly Grace Period Profit (GPP) (f any), and calcuated at the Effective Profit Rate on the daily outstanding amount from the fist disbursement of the Facilly or commencing from such date as advised by the Bank in writing. + abate must be provided to you i hore eo dierncebatwoon tho Conractd Prot Rate andthe Etectve it Rate, + The Bank may, from time to time, subject to the CPR, vary the SBR al its discretion. If and whenever the Effective Profit Rate (EPR) is varied as consequence of variations to the SBR, the Bank may at its absolute discretion make the following adjustment consequent upon such variation, namely, either 1. by varying the amount of any Monthly Instalments; or iL by varying the number ofthe Monthly Instalments ‘Any variation will be subject to the Bank furnishing to you atleast twanty ono (21) days prior written notice. ‘& What are the feos and charges Ihave to pay? For ful ist ffeas and charges, please visit cur webste Yr ‘| What i fail to fulfill my obligations? ‘Should you fail to service your payment obligation ina tmoly manner, the following shall apply: tof 19 Our Ret BBTIMGI2022/L0055491 Customer Name | MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1‘Compensation Charges (2). For default payment during facility tenure = 1% p.a. on the overdue instalment amount, (0) For defauit payment causing the facility to be terminated or brought to court = 1% p.a. on the outstanding balance (outstanding principal plus accrued prof () For detauit payment after expiry of facilty tenure = BNM Islamic Interbank Money Market (IMM) rate on ‘ne outstanding balance (outstanding principal plus accrued prot) (4) For default payment after court judgement has been obtained against you = IMM rate on the basic judgment sum Note: (@ Compensation charges must not be added to the outstanding principal and must not be more than the ‘outstanding princjpal (Compensation Charges method and rate are subject to changes as may be prescribed by BNM i) Compensation Charges is computed on @ daily basis from the payment due dateymaturty datefudgement date. + Re-pricing It you default on any payment of monies due under the Faciliy(les) during the duration ofthe Facility(ies) for @ period of hundred (100) days from the date such monies become due and payable or such other period as the Bank may notify you from time to time, the Bank shall at its discretion be entitled to vary the Effective Profit Rate, which shail thereafter comprise of Additional Profit above the Effective Profit Rate ("Amended Erect Profit Rate") on daily rests or such other rate 2s the Bank may prescribe on the balance outstanding. The ‘Amended Effecive Prof Rete will continue to apply until such time when you have paid all amounts outstanding under the Facities, regulaised your account andior the monies due and payable by you have bboen outstanding for less than a period of 80 days (or such other period as the Bank may notify you from time to time) from the date when such monies were due for payment, ‘Additional Profit” shall be chargeable at 1.6% Per annum which shall not be compounded and the Amended Efective Profit Rate shall not be more than the disclosed Celling/Contracted Profit Rate (CPR). + Right to set-off ‘The Bank may set-off any credit balance in any account maintained with the Bank against any outstanding balance of this Facliy with issuance of a seven (7) days’ prior written natice to you. + Legal Action =~ Legal action willbe taken if you fal to respond to reminder notices given by the Bank. = Your property may be foreclosed and you will have to bear all costs. = You are also responsible to setle any shortal after your property has been sold Credit Rating Deterioration Legal acton against you may affect your credit score leading to credit being more dificult or expensive to you. Important: For more information, please refer tothe attached Main Terms and Conditions 410, What if fully sett the Financing boforo its maturity? + Lock n period: 26 months. To stat from 1st release date + The Bank undertakes to grant you rebate fr the following circumstances: 2) Atpoint of early settlement, including those arising from prepayments, b) Settlement ofthe original financing contract due to financing restructuring exercise: ©) Settement by customers in the case of default, and {8) Settlement by customers in the event of termination or cancellation of financing before the maturity date + The early settlement fees are payable at the point of redemption which reflect the costs incurred or to be incurred by the Bank as a result of the early settlement which may include the cosls of fund, costs of capital, 120f 19 ur Ref BBT/MG/2022/L.0055401 Customer Name: MOHD NURUDDIN SAFUAN SIN YAHYA Superseded 1Tqudy costs, slatulory reserve cosis, discounted prof rates, and other costs, as well as any legal fees, stamp duties and/or valuation fees which have bean incurred under the terms ofthe Facilities, Rebate formula Rebate on eatly setlement = Remaining Unearned ~ *Early Settlement Fee (if any) Note: (@) Remaining Uneamed = Total Prof - Accrued Profit (@) Total Profit = Selling Prige - Financing Amount (©) Accrued Profits caleulated based on Effective Profit Rate on the outstanding Financing Amount being disbursed (a) “Thwithin holding period * Cost thal have No! Been recovered because a financing contract has a structure with discount ‘alements atthe initial period of financing; and/or * intial costs that have not been recovered (e.g. zero moving cost products) 41. Do Ineod any takaful/ insurance coverage? + Allresidential propery(ies) are required to be covered under takaful coverage obtained under houseowner cartficate(s), whilst commercial and vacant property(ies) to be covered under fre certificate(s). 12) You are to ensure that the property ((es) are sdequately covered up to ther full permissible taksful value, against loss or damage by fire, ighting, tempest, flood, rot, cv commotion, malicious acts {and sirike and such other risk as the Bank may require b) You are required to furnish a certified true copy of the certificate or certificates so boughvtaken up tagather with evidence of takaful paymenticontibution payable under such certificate of certiicales to the Bank with the Bank is endorsed as loss payeeimorigagee..In the event that the Bank takes. up the takaful coverage on your behalf, the Bank will debt the fire takaful contribution into your financing account with rior writen notice to you. Mortgage Reducing Term Takaful (MRTTMorgage Level Term Takaful (MLTT) is optional unless is ‘compulsory due to promotional criteria as stated in Letter of Offer. However. ou are encouraged to take Up the MRTTIMLTT to protect your family from losing the property due to unforeseen circumstances. Where the MRTTIRLTT is financed by the Bank, the Bank must only release the takaful contribution either with the first financing release towards financing of the Property(es) or at any time thereafter subject to the following: (6] the Bank has received the letter of acceptancefetter of offer issued by a takaful operator which is acceptable to the Bank {) the Bank has not received any notification from the takaful operator of your rejection andlor appeal of the letter of offer, {c) youtakaul participant areis not deceased prior tothe first release of the financing: and {@) im the event the letter of acceptancofoter of offer Issued by the takaful operator expires on or before the frst financing release, you wil submit 9 fresh propesal form for evaluation and a fresh letter of ‘acceplancelletter of offer shall be procured by you. “The coverage of the MRTT/MLTT must be effective upon receipt of the fl akaful contribution (including any loading or excess tothe orginal takaful contribution quoted) by the takaful operator. Fire Takaful / Houseowner Takaful on the property pledged to Bank as Collaterals compulsory. which you ‘may opt from any other tekaful operators. 72, What are the major risks? ‘The Effective Profit Rate (EPR) is a variable or adjustable rate and may change sccording to change(s) in the 1B0f 18 ourref ‘BBT/MG/2022/10055491 Customer Name > MOHD NURUDDIN SAFUAN BIN YAHYA ‘Superseded 1‘Standardised Base Rate (SBR). An increase in EPR may result in higher monthly payment However, the EPR increase is capped at he Contracted Prof Rate (CPR) stated in item (6) 13: What do I need to do if there are changes to my contact details? = itis important that you inform the Bank of any changes in your contact detals atthe earFest possible opportunity to fensure that all correspondences reach you in a timely manner. To update your correspondence details, please ‘contact the Bank at +803-7626 8899 or vist any of cur branches nationwide, “4. Where can Iget assistance and redress? WW you have any difficulties in making payments, you should contact us earliest possibie to discuss payment alternatives. You may contact our Morigage Collection Gentre at Level 2, PJ City Development, No. 18A Jalan 219, Section S1A, 48100 Petaling Jaya, Selangor Tol: +603-7959 1888 Fax: +603-7873 8228 Email: MCC2@hIbb hongleong.com.my ‘Aternatvely, you may seek the services of credit counseling and Debt Management Agency [Agensi Kaunseling dan Pengurusan Kredit (AKPK)), an agency established by Bank Negara t0 provide fee services on money management, credit counseling and dedt restuctuing for indivduals and sal and medium scale enterprises (SMEs) You can conact AKPK at ‘ingkat 8, Maju Junction Mall, 1001, Jalan Suten ism, $0250 Kula Lumpur. Tel +603.2516 7766. E-meal enguty@akok og my POWER! (Pengurusan Wang Ringgit Anda) Programme, offered by AKPK, promotes prudent money management and financial discipline to individual customer. To register and for further information, kindly call 03-2616 7768 or Visit the website al waw kok. org my If you wish to complain on the products or services provided by us, you may contact us at Customer Advocacy long Leong Bank Berhad, 13A Floor, Menara Hong Leong, No 6, Jalan Damaniela, Bukit Damansara, 60490 Kuala Lumpur. Tel : 4603-7626 880t / 7626 8802 / 7626 8812 E-mal: customerservice@nibb hongleong,com my Iyour query of complaint not satisfactory resolved by us, you may contact: Bank Negara Malaysia LINK or TELELINK at. Block D, Bank Negara Malaysia, Jalan Dato’ Onn, 80480 Kuala Lumpur. Te! 1-300-88-5465 Fax: +603-2174 1515 E-mail: bamtlelink@bnm gov. ny 45, Where can Iget farther information? ‘Should you require additional information about taking a property financing, please lag on fo HLISB website: hips tvwa hlisb.com myfpropertyfin-en or call Hong Leong Contact Centre at Tel: 03-76265838. 16. Other Proparty Financing packages available IMPORTANT NOTICE: YOUR PROPERTY MAY BE FORECLOSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR PROPERTY FINANCING. READING THROUGH CAREFULLY THE DETAILS IN THE PDS IS VERY IMPORTANT SO AS TO ENSURE THAT YOU GET TO KNOW AND UNDERSTAND THE PRODUCT TERMS AND YOU HAVE AGREED TO BE of 19 Our Ret BBTIMG/2022/Lo055491 Customer Name > MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1BOUND BY IT. ‘The information provided in this disclosure sheet is vald as at 07/11/2022 18 0f19 OurRet ‘BTIMGI2022/.0055491 Customer Name: MOHD NURUDDIN SAFUAN BIN YAHYA Superseded =: 1‘Appendix + Illustrative Payment Schedule without GPP Customer Customers Sting Price oo Rs) ‘080 Financing Amount | 180,000.00 FPR 400) Total Prot s.88800 Financing Tenare omens Disb ate Tee 17 Insane (EPR) 15700 EPR=SOR+ 140% Based on sntmpton SBR 8 3.20% we | owe ‘At Erecve Prom Rate ‘osrianciog | osseting | Remaining ‘nstaiment | Prncpal aie [ elles ront | rontrawe | Amount Pace”! | "Goan | Pei wwoamao | —nanerea | oseaica 7 [sense | 187700 18875 ‘waa | am ‘wo91025 | 22.1400 | 999na5 ee 7002 coose | 40% warez | eora10| 27137 3 | eae | 187700 032.2 suse [400% ‘woatett | me0000 | s22eaas 4 [erie tsrr00 7008 seer | san | _wsoon00 | _cavseo00 | _o1seza7 =| tatayte | 187700 700130 757 | 480%, 14499473 | 73690860 o[inse| rr00 ‘ate sso00-| aan ‘p30 | — 2 c7900 [tase [nar 00 490010 sors | 480% 290940 | zx2es200 | —oaara.4 © | ewese | _narr00 oot seze [mow waroes79 | _zaiz7860 | 9993031 9 | seps8 | 1.67700 0.28 war [anon wo.eTa0 | 27060800, on75150 70 | voente [157700 920.0 562 | 450% 9.92626 | 2m. 12160 | 0a950 11 _| vont | 187700 $006.0 sma | 480% esiege | zzasise0 | e724 04 2 | tects | 157700 102830 ses [ «00% ‘reo 7e | _zzase7so | 6707686 ‘Schade naeses the payent ott ce such es prompmens ot paymen By castes, Profits clusion day bated on dy eusanding prin bance folows- Baty Prot moh) 3,600 00 80% X 1985 5 1878 undo wo dims) 010172018 ea Pret Daly Pott Noo day om 7 Dee 7021 Dee 17) 5 lara es aye Ri aes 28 tate request for ea seloment as at 17072022 (em intamon ol pa), where ea setiomant charges imposed on he custo is MEO 00 ne (armour sony fr tusevepuroner) Earache payne edule Ace rotate cosrinancing | OS Sting no | ba [Tnstimenr | PEE [wits rote | Prom Rat ‘amount Pree © | recat — iaoaoe | aamoime | saaonse 1 [sense [arr] rome ones aim weorezs | amataso | voaeaae =| raan_|—15rr00—|— wae | soos 205. i ch ec sepae | Ysrroo~ | reef a ae ef eee [ror [erat [ae z Teemeeo | — er ener {eer brneeae | -rarroe— [rare | — srr a FEST Teas cent nt pt = Daly pit xno ot aay (Gutta Pnanang Amount Prom Rate x 1865) x 16 aye (87480 77 ase x 0) found? deems 1 aye (Wot 1710729068 tof 19 OurRet + BBTIMG)2022/L0055491 Customer Nae: MOHD NURUDDIN SAFUAN BIN YAHYA Superseded | 4= s180t621150% 10» 10400 Remating Uneamed a 1710122 Remalring Unsamed (a 110022) Curent Mon rem tom 11022 1710122) Rebate at Setement omaring Uneamed (at 171022) -Eary Selena Charges bests Cutten Seting Pie at Setament = sanaculeoutstanangSeig Pr at 010122 + tant Due Net pale ey or Ditaz8 Ov Cae) 400280 ‘etmant Amount aa 71002 ‘outstanding Sting Pe (at ettomen) — Undbursed Fanci Aron cps hy TORE cn)» Or Sa 17019 OurRef : BBT/IMG/2022/1.0086491 Gustomer Name: MOHD NURUDDIN SAFUAN BIN YAHYA. Superseded 1Appendix 2 llustrative Payment Schedule with GPP = cman ig a TO rR Tc Sato Ps ame EPR IRD 40 ‘instalment (PRY 1,577.00 PP ee # inet Ste ‘rte ae GPT a Erm = Sons 1.0% Bite on tesuapten SOR 320% we) om tn Po cep | ogee | ey due ro =| eco [sa | st | sam [ena | 2 = [ere 142[ eae [seo | aor | ene a) waa | sae [nme | ern |r | Ben [tom eae [soon | non | aan [enor Prot cles on daly based on day ouandng pencil blance flows ‘iy Pret (st mont) ib aon 00x 40% X 1265 7 (ran to deci) 0012010 Biles Pott ‘= Daly Prof x No of Daye rom 14h Ds 171091 Dee 17 Tea teaore = Rinaaoe ‘Emme quested or ea sttement a al 17/10/2022 (5 italien nop), where ely setlement charge isinposed on th customer i RUECDOD {amounts for terse purpones ara etapa sea ‘| om _CEtah Pra ae ‘Os Francng | OBGating | Remaning instinent | Prnsipal Pa | Sil Paid | ProftRawe | Amour ve neared 1405047 asresso_| 1070180 twanse | waoE = wa ro aesanse | 10960058 ‘creo | 289 = Hast ‘sep2e | 4srr00 | saenee | 2038 Tonvzs [astro | —aa7a0 ea [twee | srr | 16628 ors 180f 19 urRet + BBTIMG/2022/L.0086491 Customer Name: MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1ora manta = ity rt Noo aye {Guteandog Penang ArnourX Prof Rae X 1998) x 18 days (Gor gee op aase x 1205) X to aye (0102 fo 7102) {3407S 1341 fondo 2 ceils) 18=71466 Remaring Uneamed at 1710122 Remaiig Unearned (a 11022) ~ Curent Month Prot fom 0% 0 171022) SrevssaZ00s6 eiastor along Uneara (17/0722) Early Setlenent Charges Srastor- sono utstanng Seling Pca a Seton = setaaue oustanding Setng Free st011022 + nsaiment Ove Nat Pa a7 (Ferotriz2 Ovo bat 2 Setaree verre0 otament mount a 17022 = cuttaning Sting Pie at Stier Undbered Fnanlng Ament (tay) + ‘Componenten Ghoges fay) * Ms Cost fy) 1 Oe Chats any) Rabat at = Tetgaee2- 000 +000 +000 +0.00-89931.07 = ravtosoro.es 190f18 OurRef ‘BBTIMGI2022/.0055491 Customer Name: MOHD NURUDDIN SAFUAN BIN YAHYA Superseded 1‘The Main Terms And Conditions ATTACHMENT For Hong Leong CM Flexi Property Finane! ancing 41 Conditions Precedent for the disbursement of the Facility(les) Amount:- (@) unconditional acceptance ofthis letter and the return of the same to the Bank within the time- limit preseribed by the Bank; (b) the Bank has received the following documents in the foi and substance acceptable to the Bank (i) the duly executed and stamped original Sale and Purchase Agreement between yyou/Customer(s) and the vendorideveloperiproprieto, as the case may be. (i) all legal and security documents required by the Bank have been duly executed, stamped and if required, lodged, presented and registered with such registries and authorites as the Bank may deem necessary of expedient: (ii) alt relevant undertakings and consents that the Bank deems appropriate and necessary from the vendorideveloperiproprietor and other relevant parties, as the case may be; (iv) confirmation from the Bank’ solicitors that the difference between the Facility(ies) ‘Amount stated in the Sale and Purchase Agreement between the ‘vendorideveloperiproprietor and you and the said Properly Financing sum has been sattled by you: (¥) confirmation from the Bank's solicitors that the sald Property is free from all encumbrances or ifencumbered, the relevant letters of undertaking, disclaimers land consents from the existing encumbrancer(s) to release or discharge their socurly interests with respect tothe said Property (vi) Where the Bank is financing the purchase of the property, the Bank does not have rotice of any bankruptcy or winding-up petition against the Geveloperivendoritegistered proprietor (or any of the vendors or proprietors, if more than one) ofthe property; (vi) confirmation by the Bank’s solicitors that you and the security parties (if any) have ‘ot been declared bankrupt or wound-up (as the case may be) nor are there any prosecution, bankruptcyhvinding-up or analogous proceedings threatened, pending ‘commenced against you or any ofthe security partes, (vil) if you andior the security parties are companies, certified true copies of the respective Memorandum and Articles of Association of your company andlor the security parties, current Forms 24 and 49 and the resolution(s) of the Board of Directors confirming acceptance of the Faciliy(ies) andlor the creation of the respective securities n favour of the Bank: (ix) the Standing Instructions to the Bank for the payment of the Grace Period Profit Instalments (if applicable) and the Monthly instalments; (%) where the Faciity(es) Amount is disbursed progressively, the relevant architect's certificates; (i) where the Faciity(ies) Amount or any part thereof is for the purchase of property Under development or for the construction of residentialcommercial property, a8 the case may be, all the approvals from the relevant government and local authorities for the development or construction of the property, including but not limited to development order, building plans and layout plans; (cl) valuation report on the said Property by a valuer on the Bank's panel confirming that the forced sale value/open market value of the said Property, whichever is required, is not less than the amount stated inthis letter; and (ail) where there is @ contract sum granted (in respect of a renovationfconstruction contract) = (2a) the renovation/construction contract or quotation oF such other valid and binding documentary evidence to confirm the construction costs for the renovation/conetruction ofthe sald Property, (bb) the difference between the construction costs and the contract sum has been settled by you! (co) the securing of the Takaful Mortgage Plan (‘MRTTMLTT"/Long-term Houseowner's Takaful, whichever is required, with the Bank’s interest as mortgagee and loss payee endorsed on the certificate, (46) the quit rent, assessment and other outgoings including penalty (if any) on the said Property have been paid in full By youlvendorideveloperiproprietor, as the case may be; (ee) all legal feesicharges and other costs incurred In the preparation and ‘completion of the documents have been paid by you; and (ff) any other pre-disbursement conditions as may be required by the Bank. 2 Payment (8) The Bank's Seling Price (also known as Commodity Sale Price in the letter of offer) comprises HLISBICM Flex PpiyTnClAugust 2022 1‘The Main Terms And Conditions ATTACHMENT For Hong Leong GM Flexi Property Financing.j, Skim Rumah Pertamaku-i & HLB Solar Plus Financing-| the Facilty(ies) Amount, Proft Margin and if applicable, Grace Period Profit. The Profit Margin ‘and Grace Period Profit is calculated based on the Contracted Profit Rate, (©) You must furnish an irevocable Standing Instruction to the Bank to debit your designated savings or current account for payment of your monthly instalments, fees and other expenses Incurfed upon acceptance ofthe Banks Leter of Ofer. In the event of further revisions to your Monthly Instalment due to fluctuations in Effective Proft Rate (EPR) andlor fees and charges applicable to your Faciity and /or due to any revisions to your Monthly Instalment payment due date ("Revised Monthly instalment’), the amount payable andlor payment date under your Standing Instruction must be amended accordingly to ensure that your Revised Monthly Instalment can be paid when due. + You ate required to ensure sufficient funds are maintained at all times to enable your Standing Instruction to be effected, If there are insufficient funds to effect your Standing Instruction on your payment due date, the Bank may (but is not obliged) to effect your Standing Instruction on any other day when there are sufficient funds in your account, without further reference and liailty to you, including where cheques. ‘seued by you (f any) cannot be honoured pursuant to the above being effected to your current account (©) You may elect to commence payment of the Term Financing before the ful disbursement by the Bank and the payments must be of such amounts and payable at such times acceptable to the Bank (a) After the fist release of your Term Financing (‘First Release") and before commencement of your monthly instalments, you wil be required to pay proft atthe Effective Profit Rate on the fourth (ath ) day ofthe following calendar month after the First Release or at such other time andior manner as may be notified by the Bank to you in writing. Until commencement of your ‘monthly instalments, you must continue to pay the profit on the Term Financing In accordance with the manner set out in Clause 7 (a) of these Terms and Conditions, (@) The Term Financing must be paid by the monthly instalments as stated in the Letter of Offer or such other amount as may be prescribed by the Bank and will commence on the fourth ( th} day of the following calendar month after full release of the Term Financing or at such other time and/or manner as may be notified by the Bank o you in writing (instalment Due Date’) 3 Reference Rate "Reference Rate” means the reference rate per annum from time to time stipulated by the Bank as its financing rate for reditfinancing facilities, including but nat limited to Islamic Financing Rate ("IFR’), Islamic Base Rate ('IBR"), Standardised Base Rate (‘SBR’), Islamic Cost of Funds ('ICOF’), Fixed Deposit Rate ("HLFD-') or KLIBOR as the case may be of such other rate by whatsoever name called as quoted by the Bank wherever applicable fiom time to time. ICOF is defined as the cost to the Bank of providing or funding the Faciltyiee) from whatever source It may select at ts discretion plus the cost of maintaining its statutory reserves, liquidity requirements, administrative and other related costs of the Bank as stipulated by the Bank from time to time (a) The change of Reference Rate must be notied by the Bank to the Customerts) in the following manner: (by placing in one issue of a daily national newspaper a genersl notice of change of the Reference Rete addressed to the public generally; or (i) by posting a notice of such variation in the Bank's branch premises. (©) The decision of the Bank as to what at any time is the Reference Rate and the date(s) from wich such amendment rust take effect, must be final and conclusive and must not be questioned on any account whatsoever. (©) If and whenever the Reference Rate payable by the Customer(s) must be varied, the Bank may, at Its discretion, make the necessary adjustment consequent upon such variation either by varying the emount of any Monthly instalments andlor by varying the number of the Monthly Instalments. (4) Variation of Proft Rates The Bank may at its discretion by notice to you:- () to substitute andlor change the entire basis of calculating the Effective Profit Rate; HLISBICM Flex PplyTnC/August 2022 2The Main Terms And Conditions ATTACHMENT For Hong Leong GM Flexi Prope! ‘Skim Rumah Fins andior (i) tovary, change andlor substitute the “Reference Rate; andlor (ii) to vary such margin imposed above or below the Reference Rate; and/or (iv) to vary any commission, discount or ather banking charges subject to Bank Negara Malaysia's Gudetines. The Bank may exercise a combination of any one or more of the above and may, at its discretion, vary the amount of the monthly instalment or the number of the monthly instalments ddue to variation of the Effective Profit Rate. Provided always the aggregate of the Monthly instalments payable must not exceed the Bank's Selling Price Notwithstanding other terms of this Faciiyies) the effective profit rate charged by the Bank must not be less than 0.0% p.a, any time and the Bank reserves the right to apply the ICOF 18 a Reference Rate. (e) The minimum Effective Proft Rate applicable fo the Facitties must not be less than 1.70% p.a. calculated on daly rest or such other minimum rate as may be prescribed by the Bank trom time to time. () Additional Profit I you default on any payment of monies due under the Facilities) during the duration of the Facilities) for a period of hundred (100) days from the date such monies become due and payable or such other period as the Bank may notify you from time to tme, the Bank must at its discretion be entiled to vary the Effective Profit Rate, which must thereafter comprise of Additional Profit above the Erfective Profit Rate (‘Amended Effective Profit Rate") on daily rests or such other rate as the Bank may effective on the balance outstanding. The Amended Effective Profit Rate will continue to apply until such time when you have paid all amounts outstanding under the Facilites, regularised your account and/or the monies due and payable by you have been outstanding for less than a period of 90 days (or such other period as the Bank may notify you from time to time) from the date when such monies were due for payment. For the purpose of this Clause 3 (N, the “Additional Prof’ must be chargeable at 1.5% per annum which must not be compounded and the Amended Effective Profit Rate must rot be more than the disclosed Ceiling/Contracted Profit Rate (CPR) (@) Special House Financing 2 ~ the EPR applicable must not exceed the rate(s) determined by Bank Negara Malaysia at any time and from time to time and you will be notified of any variation of such rates which must be binding upon you. (6) Applicable where the facilities are pegged to the IFR. In addition and without prejudice to the powers, rights and remedies herein conferred upon the Bank, the Bank reserves the right to impose an EPR at IFR + 0% per annum on daly rests in the event the difference between the Overnight Policy Rate (‘OPR") as may be declared by Bank Negara Malaysia from time to fime and the IFR deciines to below 2% during the financing tenure and thereafter to revert back to the prevaling EPR when the difference between the OPR and IFR increases to 2% and above 4 Rebate (@) The Bank must grant rebate to the Customer an the Bank's Seling Prioe under the principle of Ibra' as prescribed by the Shariah Advisory Council of Bank Negara Malaysia (BNM) (©) Rebate must be granted to the Customer who settles thelr financing faclity(les) before the end ofthe financing tenure. Settement prior to the end of the financing faciityies) tenure by the Customers must include, but s not limited to the following situations: () Customer who make an early settlement or early redemption, including those arising from prepayments; (ii. Settlement ofthis financing faciltyies) due to financing restructuring exercise; (ii) Settlement by Customer in the case of default and (iv) Settlement by Customer in the event of termination or cancellation ofthis financing facilty(ies) before the maturity date. (6) Rebate must also be granted in the following situations: (For variable rate financing, rebate must be granted on the diference between the amount of profit calculated based on the Celling/Contracted Profit Rate (CPR) and ‘the amount of profit calculated based on the Effectve Profit Rate (EPR). Rebate ust be granted Ifthe profit amount based on EPR is lower than the profit amount HLISBICM Flex Pplyinc/August 2022 3‘The Main Terms And Conditions ATTACHMENT For Hong Leong CM Flexi Property Financing.j, Skim Rumah Pertamaku-i & HLB Solar Plus Financing: based on CPR. (i) Early completion of construction during the Grace Period. (@) Rebate must be calculated as follows: Rebate = remaining unearned profit - early settiement charges* (i) cost that have not been recovered because @ financing contract has a structure with discount elements atthe initial period of fnancing; andlor “i. intial costs that have not been recovered (e-9, Easy Entry products) (2) The rebate must only be deemed granted upon receipt of the settlementtedemption sum as. determined by the Bank 5 intment as Agent (2) The Customer hereby appoints the Bank to be his agent to perform the duties as set out below: ()topurchase the Shariah compliant commodity from the Bank (in its capacity as seller) on deferred payment terms at the Commodity Sele Price; (i) take possession (physical or constructive) of the Shariah compliant commodity (ii) upon the Customers request, to allow the Customer to obtain possession ofthe Shariah compliant commodity at the Customer's own costs and expenses subject ‘that the Bank has yet to sell the Shariah compliant commodity on the Customers behalf to any third party, (iv) to sollthe Shariah compliant commodity to any third party commodity purchaser at the price equivalent to the Commodity Purchase Price; (¥) toreceive the sale proceeds on the Customers behalf from the third party purchaser of the Shariah compliant commodity, and to remit the sale proceeds or any part thereof to the Customer into the Customer's account withthe Bank or in, ‘the manner mutually agreed by the Customer and the Bank; (vi) to deliver possession of and ttle in and to the Shariah compliant commodity to the ‘third party purchaser of the Shariah compliant commodity: and (wil) todo all acts incidental tothe above including but must not be limited to the {execution af the Electronic Sales Cerificate or any document or instrument required thereof, delivery, possession and retention of the Shariah compliant ‘commodity in any manner as the Bank deem ft (b) The Customer must recognise that the Bank as his agent must at ll times be: - (be authorised to sign and execute all documents and do all acts and observe and perform all obligations required to be done in connection with its appointment as the Customer's agent, of imposed under any sale transaction to the third party purchaser of the Shariah compliant commodity (ii) uthorised to delegate its rights and duties as'an agent to any third party to do all facts necessary for the completion of the required transactions; and (ii) required to do all the administrative duties regarding the holding and the sale of the Shariah compliant commodity as well as takaful coverage thereof where applicable (©) Notwithstanding any sale of the Shariah compliant commodity by the Bank as agent of the Customer andior any defects andlor any non-delivery andlor any dispute wiratsoever in relation to the Shariah compliant commodity that the Customer may have withthe third party purchaser pursuant fo the sale by the Bank sold the Shariah compliant commodity as agent on behalf of the Customer subsequent to the Customer purchasing the Sharian compliant commodity from the Bank but prior to the full settlement of the Commodity Sale Price and the Indebtedness crested under the said Electronic Sales Certificate, it must not in any way impair or absolve the Customers obligations as arising out in the Electronic Sales Cerificate and inthe Letters of Offer. (a) The Customer must be bound by any contract or agreement that the Bank enters into on its behalf with any thied perty pursuant to the Bank's appointment as agent. Each sale and purchase transactions carried out must not be unlaterally terminated by any ofthe contracting partes, (©) The Customer does not deem the Bank’s appointment 26 agent to create a partnership or a Joint venture, nor does it establish a relationship of principal or agent in any other relationship between the Customer and the Bank. HLISBICM Flox Ppy/TnciAugust 2022 ‘