Contra Properties Sample Clauses

Contra Properties. Subject to the execution of the Contra Agreement, JBB Kimlun has agreed to accept the Contra Properties at a total net price of RM12,867,695 as part settlement of the Balance Certified Amount (as defined below) on a “Ringgit for Ringgit” basis, subject to the arrangement that the Contra Properties are to be transferred to JBB Kimlun’s nominee(s), namely Kimlun or third parties as identified by ▇▇▇▇▇▇ at the same net price. The Contra Properties consist of eleven (11) properties, being seven (7) properties in the Bukit Pelali Project and four (4) properties in the Astaka Project, for a net price range of between RM600,000 to RM2,500,000.