Deed of Receipt & Reassignment

THIS DEED OF RECEIPT AND REASSIGNMENT is made the
day of , 20 BETWEEN [ ], a company incorporated in

Malaysia pursuant to the Companies Act 1965 and licensed under the Banking and
Financial Institutions Act, 1989 as a licensed bank and having its registered office at
[ ] (hereinafter called “the Bank”) of the one part AND [ ] of [ ] (hereinafter called
“the Customer”) of the second part (hereinafter called “the Assignor”).
WHEREAS:-
I. By a Sale and Purchase Agreement dated the [ ] (hereinafter referred to as

“the Principal Sale and Purchase Agreement”) entered into between [ ], a
company incorporated in Malaysia with its registered office at [ ] and its place
of business and address for correspondence and service of documents at [ ]
(hereinafter called “the Developer”) of the first part and [ ] (hereinafter
referred to as “the Original Purchaser”) of the second part, the Developer
agreed to sell and the Original Purchaser agreed to purchase all that [ ]
(“Property”), at the price and upon the terms and conditions contained in the
Principal Sale and Purchase Agreement
II. By a Facilities Agreement, Deed of Assignment and Power of Attorney, all

dated the [ ] (hereinafter collectively referred to as “the Security
Documents”) entered into between the parties hereto, the Bank has made
available a loan of [ ] only (hereinafter referred to as the “Loan”) to the
Customer upon the Customer’s assignment to the Bank of all his rights title
and interest to the said Property and under the Principal Sale and Purchase
Agreement as security for the repayment of the Loan.
III. The Customer/Assignor has fully repaid to the Bank the Loan together with all
interest thereon and all whatsoever moneys due and payable under the
Security Documents.
NOW THIS DEED WITNESSETH as follows:-
1. In consideration of the Customer having repaid to the Bank the said Loan and
all other monies due and owing to the Bank under or pursuant to the Security
Documents, the parties hereto hereby agree and confirm that the Security
Documents are hereby terminated and shall be of no further force and effect
and in particular but without prejudice to the generality of the foregoing it is
hereby agreed as follows:-
(i) the Bank hereby releases and discharges the Customer/Assignor from
all obligations agreements covenants conditions and stipulations and
anything whatsoever on the part of the Customer/Assignor as are
contained in the Security Documents; and
(ii) the Bank hereby releases the said Property from the assignment and
all whatsoever security therein the Security Documents expressed and
contained.
2. For the consideration aforesaid the Bank hereby re-assigns to the Assignor
the said Property together with all the rights title and interest therein and
under the Principal Sale and Purchase Agreement previously assigned to the
Bank by virtue of the Security Documents TO HOLD the same unto the
Assignor freed and discharged of any claim of the Bank.
3. The Assignor hereby revokes the Power of Attorney dated the [ ] under
Registration No. [ ] registered at [ ] on [ ] and every power and authority
therein in the Security Documents conferred upon the Bank and the Bank for
the consideration aforesaid agrees and concurs with such revocation
PROVIDED THAT nothing herein contained shall affect the validity of any act
or thing done by the Manager or the Officer for the time being of the Bank by
virtue of the powers conferred on it by the Security Documents before the
revocation herein contained.
4. This Deed shall be binding upon the successors-in-title and assigns of the
Customer/Assignor and the successors-in-title of the Bank.
5. The Solicitors’ costs of and incidental to the preparation of this Deed shall be
borne and paid by the Customer/Assignor.
*********************
1
AS WITNESS the hands of the Attorney of the Bank and the Assignor and the
Customer the day and year first abovewritten.
SIGNED by ) []
for and on behalf of ) (Company No. [ ])
the Bank by its Attorney ) by its Attorney:-
in the presence of:- )
…………………………………………………
SIGNED by )
the Customer abovenamed )
in the presence of:- )
…………………………………………………
[]
ATTESTATION
I,
hereby certify that the signature of the Customer abovenamed was written in my
presence on this day of , 20 and is according to
my own personal knowledge, the true signature of [ ] who has acknowledged to me
that he is of full age and that he has voluntarily executed this instrument.
Witness my hand,

Deed of Receipt & Reassignment

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THIS DEED OF RECEIPT AND REASSIGNMENT is made the

day of , 20 BETWEEN [ ], a company incorporated in

I. By a Sale and Purchase Agreement dated the [ ] (hereinafter referred to as

II. By a Facilities Agreement, Deed of Assignment and Power of Attorney, all

NOW THIS DEED WITNESSETH as follows:-

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