Salient terms and conditions of the RCSLS-AmF. The salient terms and conditions of RCSLS-AmF are as follows:-

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1 Salient terms and conditions of the The salient terms and conditions of are as follows:- Issue Size : RM365,350,000 nominal value of, comprising five (5) series as follows: the first series of RM58,600,000 nominal value of the maturing on the sixth (6 th ) anniversary date of the date; a second series of RM58,600,000 nominal value of the maturing on the seventh (7 th ) anniversary date of the date; a third series of RM58,600,000 nominal value of the maturing on the eighth (8 th ) anniversary date of the date; a fourth series of RM58,600,000 nominal value of the maturing on the ninth (9 th ) anniversary date of the date; and the last series of RM130,950,000 nominal value of the maturing on the tenth (10 th ) anniversary date of the date. Issue Price : 100% of the nominal value of the. Form : The will be d in registered form. Security of The shall be secured against the following assets presently charged for the credit facilities granted by AmF (i) A legal charge of all those 157 pieces of land held under H.S. (D) , to , to , for PT Nos , to 17582, 17643, all in the Mukim of Damansara, Daerah Petaling, Negeri Selangor. 1

2 Security of (cont d) : (ii) A legal charge of all those 35 pieces of land held under H.S. (D) 33404, 33405, 33432, 33434, 33435, 33436, 33437, 33438, 33439, , 33442, 33443, 33444, 33445, 33446, 33447, 33449, 33450, 33452, 33453, 33454, 33455, 33456, 33459, 33460, 33461, 33462, 33463, 33466, 33467, 33468, 33469, & for PT Nos. 2153, 2154, 2181, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2198, 2199, 2201, 2202, 2203, 2204, 2205, 2208, 2209, 2210, 2211, 2212, 2215, 2216, 2217, 2218, 2219 & 2222 all in the Mukim of Krubong, Daerah Melaka Tengah, Negeri Melaka. (iii) A legal charge of all those pieces of land held under H.S. (D) and for PT Nos to 2225 all in Mukim of Krubong, Daerah Melaka Tengah, Negeri Melaka. (iv) A legal charge of all those pieces of land held under H.S. (D) 39121, 39123, and for PT Nos. 2236, 2238, 2240 and 2244 all in Mukim of Krubong, Daerah Melaka Tengah, Negeri Melaka. (v) A legal charge of a piece of land held under H.S. (M) 27 for PT No in Mukim of Krubong, Daerah Melaka Tengah, Negeri Melaka. (vi) First fixed and floating charges over all fixed and floating assets respectively, both present and future of Crimson First Sdn Bhd ( CF ), Crimson Commercial Park Sdn Bhd ( CCP ), Crimson Krubong Jaya (formerly known as RV Management Sdn Bhd) ( CKJ ), Crimson Properties Sdn Bhd ( CProperties ), Baris Bahagia Sdn Bhd ( BB ), Crimson Resorts Sdn Bhd ( CR ), Holcom Sdn Bhd ( Holcom ) and Crimson. 2

3 Security of (cont d) : Assignment of properties, rent proceeds, sales proceeds and/or all money standing credit in the housing development accounts pursuant to the Housing development (Control and Licensing) Act, 1966 of Malaysia by CF, CCP, CKJ and Crimson Attraction Sdn Bhd ( CA ), wherever applicable, as per the respective deed of assignments. (vii) First fixed charge over the following held and owned by CProperties: (a) (b) (c) (d) 12,500,000 ordinary shares of RM1.00 each in CCP represent the entire d and paid-up share capital of CCP; 5,000,000 ordinary shares of RM1.00 each in BB represent the entire d and paid-up share capital of BB; d and paid share capital in CR (including but not limited to the 44,600,000 ordinary shares of RM1.00 each in CR); and 2,273,999 ordinary shares of RM1.00 each in Holcom represent 89.39% of the d and paid-up share capital of Holcom. (viii) First fixed charge over the d and paid-up share capital in CR (including but not limited to the 62,000,000 ordinary shares of RM1.00 each in CR) held and owned by BB. (ix) First fixed charge over the d and paid-up share capital in CR (including but not limited to the 50,400,000 ordinary shares of RM1.00 each in CR) held and owned by Holcom. (x) Assignment of the sinking fund account. 3

4 Tenure : Depending on the respective Maturity Date of the respective series of the but with a maximum tenure of ten (10) years from the date. Series First series Second series Third series Fourth series Last series Tenure 6 years 7 years 8 years 9 years 10 years Maturity Date : The respective series of the shall have the respective maturity dates as stated hereof. Series Maturity Date First series 6 th anniversary from the date of Second series 7 th anniversary from the date of Third series 8 th anniversary from the date of Fourth series 9 th anniversary from the date of Last series 10 th anniversary from the date of Coupon Rate : 2% per annum and payable semi-annually in arrears on 31 December and 30 June each year during the maximum ten (10)-year period the remain outstanding, except that the last interest payment shall be made on the Maturity Date of the. Conversion Right : The will entitle its holder to convert the at any time into new Crimson shares at the conversion price of RM0.50 per share, in multiples of RM500,000 per conversion. Conversion Period : On any business day from the date of issuance until the Maturity Date. Conversion Price : The conversion price shall be at RM0.50, which is equivalent to the par value of Crimson share. 4

5 Mode of Conversion : The Conversion Price shall be satisfied by tendering the for cancellation by Crimson, at the nominal value of the. Redeemability : The shall be redeemable for cash at the option of the holder but subject to the following redemption schedule: Series Anniversary Nominal value of Redeemable RM First series 6 th 58,600,000 Second series 7 th 58,600,000 Third series 8 th 58,600,000 Fourth series 9 th 58,600,000 Last series 10 th 130,950,000 Sinking Fund : A sinking fund account will be created to capture the redemption sum from the sales of the pool of assets charged under the. Option for Early Redemption : The can be redeemed in multiples of RM500,000 nominal value of per redemption before the redeemability period of the 6 th anniversary onwards, at the option of the holder, from the available funds in the sinking fund account. However, for every nominal value of un-due RCSLS- AmF redeemed, a discount rate of 6% per annum for the period not due for redemption will be applied towards every redeemed. Transferability : The are not transferable and not tradeable. Status of new Crimson shares upon conversion of : The new Crimson shares to be allotted and d upon conversion of the will thereafter rank pari passu in all respects with the then existing Crimson shares except that the new Crimson shares will not be entitled to dividends, rights, allotments and/or distributions declared unless the were converted prior to the entitlement date, being the date on which the Record of Depositors is closed to determine entitlement for such dividends, rights, allotments and/or distributions declared. 5

6 Rating : The will not be rated. Subscription Agreement : A Subscription Agreement will be entered into by AmF and Crimson to give effect to the issuance of the in favour of AmF. Listing Status : The will not be listed on any stock exchange. Governing Law : The will be governed by the Laws of Malaysia. 6