Common use of POST AUCTION Clause in Contracts

POST AUCTION. a) The Purchaser shall sign the memorandum of sale (“Contract”) and pay the difference between 10% of the Purchase Price and the Bidder Deposit paid pursuant to Clause 2(e) above (“differential sum’’) at PMSB office or via electronic transfer into PMSB’s account as in Clause 2(e) within three (3) business days from the date of auction. Softcopy of the Contract will also be emailed to you and/or your solicitor based on the details stipulated in your online bidder registration via the Website. You shall email to us the scanned copy of the duly signed Contract and SEND four (4) sets of the duly signed original copies of Contract to us and ensure that we receive within three (3) business days from the date of the auction, failing which the Bidder Deposit paid under Clause 2(e) shall be forfeited in full to the Seller, the sale will be deemed terminated, and the Property may be put up for subsequent auction without further notice to the said Purchaser. b) The duly stamped Contract together with the Bidder Deposit will be sent to the Seller. c) Any Purchaser who is unable to sign the Contract within the time specified as per Clause 7(a) may authorise another person to sign on behalf of him/her by completing and signing a Contract Signing Authority Letter which is available to be downloaded from the Website together with a copy of his/her identity card to PMSB, subject to Clauses 2(e) and 7(a) above. d) If there is any inconsistency between the uploaded registration documents and the original copies of the documents provided by the Purchaser, PMSB reserves the right to refuse/reject the Purchaser from completing the transaction and the balance of Bidder Deposit and Differential Sum (if any) paid, if any, will be refunded to the Purchaser upon deducting the administrative charges and auction cost plus any applicable taxes and disbursements. e) The Contract, upon being duly signed by the Purchaser, the Auctioneer, the Seller’s Solicitor (for the Seller) (collectively, the “Parties”), shall be a final and conclusive evidence for the sale of the Property to the Purchaser. f) The Contract may be executed in counterparts in any number of counterparts and by the Parties on separate counterparts, but shall not be effective until each Party has executed at least one counterpart. Each counterpart, when executed, will be deemed to constitute an original copy of this Agreement. But the counterparts, taken together, shall constitute one and the same instrument. g) The refund of Bidder Deposit paid to unsuccessful bidder will be processed within two (2) business days from the date of auction via original payment method, i.e. ONLY INTO THE ORIGINAL ACCOUNTS which the Bidder Deposit being paid out from.

POST AUCTION. a) The Purchaser shall sign the memorandum of sale (“Contract”) and pay the difference between 10% of the Purchase Price and the Bidder Deposit paid pursuant to Clause 2(e) above (“differential sum’’) at PMSB office or via electronic transfer into PMSB’s account as in Clause 2(e) within three (3) business days from the date of auction or SEND Five (5) sets of the duly signed original copies of Contract to us and ensure that we receive within three (3) business days from the date of the auction. Softcopy of the Contract will also be emailed to you and/or your solicitor based on the details stipulated in your online bidder registration via the Website. You shall email to us the scanned copy of the duly signed Contract and SEND four before sending the Five (45) sets of the duly signed original copies of Contract to us and ensure that we receive within three (3) business days from the date of the auction, failing us. Failing which the Bidder Deposit paid under Clause 2(e) shall be forfeited in full to the Seller, the sale will be deemed terminated, and the Property may be put up for subsequent auction without further notice to the said Purchaser. b) The duly stamped Contract together with the Bidder Deposit will be sent to the Seller. c) Any Purchaser who is unable to sign the Contract within the time specified as per Clause 7(a) may authorise another person to sign on behalf of him/her by completing and signing a Contract Signing Authority Letter which is available to be downloaded from the Website together with a copy of his/her identity card to PMSB, subject to Clauses 2(e) and 7(a) above. d) If there is any inconsistency between the uploaded registration documents and the original copies of the documents provided by the Purchaser, PMSB reserves the right to refuse/reject the Purchaser from completing the transaction and the balance of Bidder Deposit and Differential Sum (if any) paid, if any, will be refunded to the Purchaser upon deducting the administrative charges and auction cost plus any applicable taxes and disbursements. e) The Contract, upon being duly signed by the Purchaser, the Auctioneer, the Seller’s Solicitor (for the Seller) (collectively, the “Parties”), shall be a final and conclusive evidence for the sale of the Property to the Purchaser. f) The Contract may be executed in counterparts in any number of counterparts and by the Parties on separate counterparts, but shall not be effective until each Party has executed at least one counterpart. Each counterpart, when executed, will be deemed to constitute an original copy of this Agreement. But the counterparts, taken together, shall constitute one and the same instrument. g) The refund of Bidder Deposit paid to unsuccessful bidder will be processed within two (2) business days from the date of auction via original payment method, i.e. ONLY INTO THE ORIGINAL ACCOUNTS which the Bidder Deposit being paid out from.

POST AUCTION. a) The Purchaser shall sign the memorandum of sale (“Contract”) and pay the difference between 10% of the Purchase Price and the Bidder Deposit paid pursuant to Clause 2(e) above (“differential sum’’) at PMSB office or via electronic transfer into PMSB’s account as in Clause 2(e) within three (3) business days from the date of auction or SEND Five (5) sets of the duly signed original copies of Contract to us and ensure that we receive within three (3) business days from the date of the auction. Softcopy of the Contract will also be emailed to you and/or your solicitor based on the details stipulated in your online bidder registration via the Website. You shall email to us the scanned copy of the duly signed Contract and SEND four (4) sets of the duly signed original copies of Contract to us and ensure that we receive within three (3) business days from the date of the auction, failing which the Bidder Deposit paid under Clause 2(e) shall be forfeited in full to the Seller, the sale will be deemed terminated, and the Property may be put up for subsequent auction without further notice to the said Purchaser. b) The duly stamped Contract together with the Bidder Deposit will be sent to the Seller. c) Any Purchaser who is unable to sign the Contract within the time specified as per Clause 7(a) may authorise another person to sign on behalf of him/her by completing and signing a Contract Signing Authority Letter which is available to be downloaded from the Website together with a copy of his/her identity card to PMSB, subject to Clauses 2(e) and 7(a) above. d) If there is any inconsistency between the uploaded registration documents and the original copies of the documents provided by the Purchaser, PMSB reserves the right to refuse/reject the Purchaser from completing the transaction and the balance of Bidder Deposit and Differential Sum (if any) paid, if any, will be refunded to the Purchaser upon deducting the administrative charges and auction cost plus any applicable taxes and disbursements. e) The Contract, upon being duly signed by the Purchaser, the Auctioneer, the Seller’s Solicitor (for the Seller) (collectively, the “Parties”), shall be a final and conclusive evidence for the sale of the Property to the Purchaser. f) The Contract may be executed in counterparts in any number of counterparts and by the Parties on separate counterparts, but shall not be effective until each Party has executed at least one counterpart. Each counterpart, when executed, will be deemed to constitute an original copy of this Agreement. But the counterparts, taken together, shall constitute one and the same instrument. g) The refund of Bidder Deposit paid to unsuccessful bidder will be processed within two (2) business days from the date of auction via original payment method, i.e. ONLY INTO THE ORIGINAL ACCOUNTS which the Bidder Deposit being paid out from.

POST AUCTION. a) The Purchaser shall sign the memorandum of sale (“Contract”) and pay the difference between 10% of the Purchase Price and the Bidder Deposit paid pursuant to Clause 2(e) above (“differential sum’’) at PMSB office or via electronic transfer into PMSB’s account as in Clause 2(e) within three (3) business days from on the date of same day after the auction. Softcopy of the Contract will also be emailed to you and/or your solicitor based on the details stipulated in your online bidder registration via the Website. You shall email to us the scanned copy of the duly signed Contract and SEND four (4) sets of the duly signed original copies of Contract to us and ensure that we receive within three (3) business days from the date of the auction, failing which the Bidder Deposit paid under Clause 2(e) shall be forfeited in full to the Seller, the sale will be deemed terminated, and the Property may be put up for subsequent auction without further notice to the said Purchaser. b) The duly stamped Contract together with the Bidder Deposit will be sent to the Seller. c) Any Purchaser who is unable to sign the Contract within the time specified as per Clause 7(a) may authorise another person to sign on behalf of him/her by completing and signing a Contract Signing Authority Letter which is available to be downloaded from the Website together with a copy of his/her identity card to PMSB, subject to Clauses 2(e) and 7(a) above. d) If there is any inconsistency between the uploaded registration documents and the original copies of the documents provided by the Purchaser, PMSB reserves the right to refuse/reject the Purchaser from completing the transaction and the balance of Bidder Deposit and Differential Sum (if any) paid, if any, will be refunded to the Purchaser upon deducting the administrative charges and auction cost plus any applicable taxes and disbursements. e) The Contract, upon being duly signed by the Purchaser, the Auctioneer, the Seller’s Solicitor (for the Seller) (collectively, the “Parties”), shall be a final and conclusive evidence for the sale of the Property to the Purchaser. f) The Contract may be executed in counterparts in any number of counterparts and by the Parties on separate counterparts, but shall not be effective until each Party has executed at least one counterpart. Each counterpart, when executed, will be deemed to constitute an original copy of this Agreement. But the counterparts, taken together, shall constitute one and the same instrument. g) The refund of Bidder Deposit paid to unsuccessful bidder will be processed within two (2) business days from the date of auction via original payment method, i.e. ONLY INTO THE ORIGINAL ACCOUNTS which the Bidder Deposit being paid out from.