Common use of POST PUBLIC AUCTION Clause in Contracts

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum of Sale and pay the difference between 5% of the purchase price and the deposit paid under clause 3.4 above (“differential sum”) at the office of the Auctioneer or online transfer within 3 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.4 above and the differential sum paid under this clause If any) to the Assignee Bank. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorizing another person to sign the same on his behalf by inserting the particulars of the authorized person at EHSAN AUCTIONEERS SDN. BHD. website. The authorized person shall provide the Letter of Authorization signed by the successful E-bidder together with a copy of his/her identity card to the Auctioneer. 5.3. In the event if there is inconsistency between the personal details and documents uploaded in the EHSAN AUCTIONEERS SDN. BHD. website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at his discretion cancel the sale and proceed to put the property up for a new auction and the deposit paid shall be used to defray the cost of the auction. 5.4. The Memorandum/Contract of Sale, upon being signed by the Auctioneer, Solicitor for the Assignee Bank and successful bidder, shall be a conclusive evidence for the sale of the Property to the successful bidder. 5.5. The Memorandum of Sale may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Memorandum of Sale by signing any such counterpart and each counterpart may be signed and executed by the parties and shall be as valid and effectual as if executed as an original.

POST PUBLIC AUCTION. 5.110.1. Any Successful E-Bidders who successfully bids for the Property shall and undertake Bidder are advised to sign the “Memorandum of Sale Contract” and pay the difference between 510% of the purchase price and the deposit paid under clause 3.4 above (“differential sum”) at the office of the Auctioneer or online transfer sum within 3 working days by attending to the Auctioneer’s office from the date of auction. Failing to do so will result in the 10% deposit to be forfeited to the Assignee/Bank and the auction shall be deemed cancelled. 10.2. Successful E-Bidder who are unable to sign the “Memorandum of Contract” at the Auctioneer’s office can authorize their agent to execute the procedure by submitting the following documents to the Auctioneer. 10.2.1. Copy of the agent’s Identity Documents (both sides) 10.2.2. Copy of the successful E-Bidder’s Identity Documents (both sides) 10.2.3. Copy of the Letter of Authorization (for individual) or certified true copy of the Board of Director’s Resolution (for company) authorizing such person to do so. 10.3. In the event of inconsistency in the details of the documents uploaded in the Auctioneer’s website and the actual documents of the successful E-Bidder, the Auctioneer has the right to cancel and terminate the sale and the 10% deposit shall be forfeited by the Assignee/Bank. The property shall be put up for sale again. 10.4. The “Memorandum of Contract” that is signed and stamped shall be collected by the successful E-Bidder or his agent at the Auctioneer office within seven (7) days after notification from the Auctioneer. If the E-Bidder fails to collect as aforesaid, the “Memorandum of Contract” shall be delivered by courier to the address of the successful E-Bidder and the Auctioneer shall be not responsible for the cost, expenses and loss arising thereof. 10.5. Balance of purchase price shall be settled within ninety (90) days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and auction sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.4 above and the differential sum paid under this clause If any) to the Assignee Bank. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorizing another person to sign the same on his behalf by inserting the particulars of the authorized person at EHSAN AUCTIONEERS SDN. BHD. website. The authorized person shall provide the Letter of Authorization signed by the successful E-bidder together with a copy of his/her identity card to the Auctioneer. 5.3. In the event if there is inconsistency between the personal details and documents uploaded in the EHSAN AUCTIONEERS SDN. BHD. website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at his discretion cancel the sale and proceed to put the property up for a new auction and the deposit paid shall be used to defray the cost of the auction. 5.4. The Memorandum/Contract of Sale, upon being signed by the Auctioneer, Solicitor for the Assignee Bank and successful bidder, shall be a conclusive evidence for the sale of the Property to the successful bidder. 5.5. The Memorandum of Sale may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Memorandum of Sale by signing any such counterpart and each counterpart may be signed and executed by the parties and shall be as valid and effectual as if executed as an original.Bidder

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum of Sale and pay the difference between 510% of the purchase price and the deposit paid under clause 3.4 above (“differential sum”) at the office of the Auctioneer or online transfer within 3 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.4 above and the differential sum paid under this clause (If any) to the Assignee Bank. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorizing authorising another person to sign the same on his behalf by inserting the particulars of the authorized authorised person at EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. The authorized authorised person shall provide the Letter of Authorization Authorisation signed by the successful E-bidder together with a copy of his/her identity card to the Auctioneer. 5.3. In the event if there is inconsistency between the personal details and documents uploaded in the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at his discretion cancel the sale and proceed to put the property up for a new auction and the deposit paid shall be used to defray the cost of the auction. 5.4. The Memorandum/Contract of Sale, upon being signed by the Auctioneer, Solicitor for the Assignee Bank and successful bidder, shall be a conclusive evidence for the sale of the Property to the successful bidder. 5.5. The Memorandum of Sale may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Memorandum of Sale by signing any such counterpart and each counterpart may be signed and executed by the parties and shall be as valid and effectual as if executed as an original.

POST PUBLIC AUCTION. 5.110.1. Any Successful E-Bidders who successfully bids for the Property shall and undertake Bidder are advised to sign the “Memorandum of Sale Contract” and pay the difference between 510% of the purchase price and the deposit paid under clause 3.4 above (“differential sum”) at the office of the Auctioneer or online transfer sum within 3 working days by attending to the Auctioneer’s office from the date of auction. Failing to do so will result in the 10% deposit to be forfeited to the Assignee/Bank and the auction shall be deemed cancelled. 10.2. Successful E-Bidder who are unable to sign the “Memorandum of Contract” at the Auctioneer’s office can authorize their agent to execute the procedure by submitting the following documents to the Auctioneer. 10.2.1. Copy of the agent’s Identity Documents (both sides) 10.2.2. Copy of the successful E-Bidder’s Identity Documents (both sides) 10.2.3. Copy of the Letter of Authorization (for individual) or certified true copy of the Board of Director’s Resolution (for company) authorizing such person to do so. 10.3. In the event of inconsistency in the details of the documents uploaded in the Auctioneer’s website and the actual documents of t he successful E-Bidder, the Auctioneer has the right to cancel and terminate the sale and the 10% deposit shall be forfeited by the Assignee/Bank. The property shall be put up for sale again. 10.4. The “Memorandum of Contract” that is signed and stamped shall be collected by the successful E-Bidder or his agent at the Auctioneer office within seven (7) days after notification from the Auctioneer. If the E-Bidder fails to collect as aforesaid, the “Memorandum of Contract” shall be delivered by courier to the address of the successful E-Bidder and the Auctioneer shall be not responsible for the cost, expenses and loss arising thereof. 10.5. Balance of purchase price shall be settled within ninety (90) days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and auction sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.4 above and the differential sum paid under this clause If any) to the Assignee Bank. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorizing another person to sign the same on his behalf by inserting the particulars of the authorized person at EHSAN AUCTIONEERS SDN. BHD. website. The authorized person shall provide the Letter of Authorization signed by the successful E-bidder together with a copy of his/her identity card to the Auctioneer. 5.3. In the event if there is inconsistency between the personal details and documents uploaded in the EHSAN AUCTIONEERS SDN. BHD. website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at his discretion cancel the sale and proceed to put the property up for a new auction and the deposit paid shall be used to defray the cost of the auction. 5.4. The Memorandum/Contract of Sale, upon being signed by the Auctioneer, Solicitor for the Assignee Bank and successful bidder, shall be a conclusive evidence for the sale of the Property to the successful bidder. 5.5. The Memorandum of Sale may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Memorandum of Sale by signing any such counterpart and each counterpart may be signed and executed by the parties and shall be as valid and effectual as if executed as an original.Bidder

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum of Sale and pay the difference between 510% of the purchase price and the deposit paid under clause 3.4 above (“differential sum”) at the office of the Auctioneer or online transfer within 3 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.4 above and the differential sum paid under this clause (If any) to the Assignee Bank. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorizing authorising another person to sign the same on his behalf by inserting the particulars of the authorized authorised person at EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. The authorized authorised person shall provide the Letter of Authorization Authorisation signed by the successful E-bidder together with a copy of his/her identity card to the Auctioneer. 5.3. In the event if there is inconsistency between the personal details and documents uploaded in the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at his discretion cancel the sale and proceed to put the property up for a new auction and the deposit paid shall be used to defray the cost of the auction. 5.4. The Memorandum/Contract of Sale, upon being signed by the Auctioneer, Solicitor for the Assignee Bank and successful bidder, shall be a conclusive evidence for the sale of the Property to the successful bidder. 5.5. The Memorandum of Sale may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Memorandum of Sale by signing any such counterpart and each counterpart may be signed and executed by the parties and shall be as valid and effectual as if executed as an original.

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum of Sale and pay the difference between 524% of the purchase price and the deposit paid under clause 3.4 above (“differential sum”) at the office of the Auctioneer or online transfer within 3 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.4 above and the differential sum paid under this clause (If any) to the Assignee Bank. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorizing authorising another person to sign the same on his behalf by inserting the particulars of the authorized authorised person at EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. The authorized authorised person shall provide the Letter of Authorization Authorisation signed by the successful E-bidder together with a copy of his/her identity card to the Auctioneer. 5.3. In the event if there is inconsistency between the personal details and documents uploaded in the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at his discretion cancel the sale and proceed to put the property up for a new auction and the deposit paid shall be used to defray the cost of the auction. 5.4. The Memorandum/Contract of Sale, upon being signed by the Auctioneer, Solicitor for the Assignee Bank and successful bidder, shall be a conclusive evidence for the sale of the Property to the successful bidder. 5.5. The Memorandum of Sale may be signed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Any party may enter into this Memorandum of Sale by signing any such counterpart and each counterpart may be signed and executed by the parties and shall be as valid and effectual as if executed as an original.