3RD Draft 020617

DATED THIS DAY OF , A.D.20

BETWEEN : THIEN SOON YU @ TEN SOON YU

(“the vendor”)
AND : HAJI MOHAMMAD HUSSIN BIN HAJI MOHSIN
(“the Registered Owner”)
AND : RINA ARLINA BINTI HAJI ABDULLAH
(“the Purchaser”)

SALE AND PURCHASE AGREEMENT

EDR No. BD 62864 Lot No. 74023
Kampung Senkurong A, Mukim Sengkurong
Brunei Muara District
(formerly known as Plot A2
Forming part of and comprised in
EDR No. BD 05321 Lot No. 05817
Kampung Sungai Tampoi, Mukim Sengkurong
Brunei Muara District)
(iii) The Vendor hereby declares and warrants that the Property is not pledged or
charged to any person, bank or other financial institution as at the date of
this Agreement. The Vendor undertakes not to encumber the Property during the
currency of this Agreement save and except for the purposes mentioned in
Paragraph (F) of the Recitals hereinabove.
(iv) The Vendor hereby warrants that the Property is not the Registered Owner’s
only and last landed property and the Vendor is in the capacity to sell the Property
to the Purchaser.
(v) The Vendor hereby warrants that it is the Registered Owner’s capacity to
transfer the Property to the Purchaser.
(vi) In view of Paragraph (F) hereinabove and in this connection notwithstanding
the the Purchase Price has not been fully paid by the Purchaser to the Vendor, the
vendor has agreed that whenever requested, the Vendor shall execute and sign
and/or cause the Registered owner to execute and sign all such necessary
documents in favour of MOF as security for the Loan which shall be granted to
the Purchaser.
2.1 The Vendor shall sell and the Purchaser shall purchase the property for the
aforesaid Purchase Price of BRUNEI DOLLARS TWO HUNDRED FORTY
FIVE THOUSAND (BND245,000.00) ONLY.
2.2 Prior to the signing of this Agreement, the Purchaser has paid a sum of
BRUNEI DOLLARS FIVE THOUSAND (BND5,000.00) ONLY to the
Vendor, the receipt whereof the Vendor hereby acknowledges.
3.1 In compliance with the recent changes prescribed by the Land Office relating
to the rules, practice and procedures for the application, approval and transfer of
land, all Parties herein hereby promise, warrant and covenant to proceed
hereafter according to the three (3) stages described as follows:
(i) Stage 1: Application Stage
Not later than ONE (1) MONTH from the date of this Agreement, the
Vendor undertakes to procure and cause the Registered Owner to
jointly with the Purchaser duly execute, complete and deliver the
requisite transfer forms (that is, Borang Pindah Milik A and B)
together with such requisite papers and instruments-in-writing and to
do all acts, deeds and things as may be required by and to the Land
Office by electronic transmission, o enable the latter to process the
application and upon receipt(s) from Laris print-out(s), that the status
of application is ‘Submitted to the Lands Department”; to be followed
shortly by “completed and Received by the Lands Department” [for
brevity and ease of reference, this stage shall hereinafter be referred to
as “the Application Stage”];

(ii) Stage 2: Acknowledgment Stage

Upon completion of the Application Stage, or shortly thereafter, any
or all Parties shall procure from the Land Office (and duly informing
the other Party), as issuance of a letter or notice from the Land Office
informing the Parties to attend at the land Office for execution of a
Memorandum of Transfer (M.O.T.) together with the original
document of title of the Property and all such requisite papers and
instruments-in-writing and to do all acts, deeds and things as may be
required to effect the transfer and registration of the Purchaser as the
new registered owners of the Property [hereinafter referred to as “the
MOT Stage”].

On the MOT stage (hereinafter referred to as “the Completion

Date”), the Purchaser shall pay to the vendor a total sum of BRUNEI
DOLLARS ONE HUNDRED NINETY SIX THOUSAND
(BND196,000.00) ONLY (hereinafter referred to as the “the said Part
Payment”) and leaving a balance of the Purchase Price amounting to
BRUNEI DOLLARS FORTY NINE THOUSAND (BND
49,000.00) ONLY (hereinafter referred to as “the Balance of the
Purchase Price”). The said Part Payment shall be treated as part-
payment towards the Purchase Price.