Optional Properties. Pursuant to the terms of the Supplemental Agreement, notwithstanding the payment arrangement stipulated in paragraph 4.1(b) of this announcement and subject to the provisions in paragraph 4.2(h) of this announcement, APSB shall grant JBB Kimlun six (6) separate options to acquire (whether through Kimlun or its nominated third party) the Optional Properties at a total net price of up to RM12,659,122 by way of contra and set off against the Outstanding Contract Sum within the Option Period (collectively, the “Options” and singly the “Option”). The Optional Properties consists of six (6) unsold properties in the Astaka Project (collectively, the “Astaka Units” and each the “Relevant Astaka Unit”), for a net price range of between RM1,800,000 to RM2,500,000.
Appears in 2 contracts
Sources: Supplemental Agreement, Supplemental Agreement