LBS BINA HOLDINGS SDN. BHD.

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1 Other terms and conditions a. Disclosure from Issuer (i) If the Issuer or its Board Members have been convicted or charged with any offence under the securities laws, corporation laws or other laws involving fraud or dishonesty in a court of law, or if any action has been initiated against the issuer or its Board Members for breaches of the same, for the past ten years prior to the lodgement/since incorporation (for issuer incorporated less than ten years); and (ii) If the Issuer has been subjected to any action by the stock exchange for any breach of the listing requirements or rules issued by the stock exchange, for the past five years prior to the date of lodgement. No. Not applicable. b. Disclosure from Guarantor (i) If the Guarantor or its Board Members have been convicted or charged with any offence under the securities laws, corporation laws or other laws involving fraud or dishonesty in a court of law, or if any action has been initiated against the Guarantor or its Board Members for breaches of the same, for the past ten years prior to the lodgement/ since incorporation (for issuer incorporated less than ten years); and No.

2 (ii) If the Guarantor has been subjected to any action by the stock exchange for any breach of the listing requirements or rules issued by the stock exchange, for the past five years prior to the date of lodgement. No. c. Disclosure from UASB: (i) If UASB or its Board Members have been convicted or charged with any offence under the securities laws, corporation laws or other laws involving fraud or dishonesty in a court of law, or if any action has been initiated against UASB or its Board Members for breaches of the same, for the past ten years prior to the lodgement/ since incorporation (for issuer incorporated less than ten years); and (ii) If UASB has been subjected to any action by the stock exchange for any breach of the listing requirements or rules issued by the stock exchange, for the past five years prior to the date of lodgement. No. Not applicable. d. Tenure of the Sukuk Murabahah Each Sukuk Murabahah issued under the Sukuk Murabahah Programme shall have a tenure of more than one (1) year and up to twenty (20) years as the Issuer may select, provided that the maturity of the respective Sukuk Murabahah shall not extend beyond the tenure of the Sukuk Murabahah Programme. e. Redemption on maturity Unless previously redeemed or purchased and cancelled, the Sukuk Murabahah shall be redeemed by the Issuer at 100% of their nominal value on their respective maturity dates. Any Sukuk Murabahah redeemed by the Issuer shall be cancelled and the same cannot be resold.

3 f. Details on Utilisation of Proceeds by Issuer The proceeds from the issuance of the Sukuk Murabahah shall be utilised for the following which shall be Shariah-compliant: Sukuk Murabahah Tranche 1 Details of Utilisation of Proceeds Tranche 1(A): To part finance/reimburse the acquisition by UASB of the Seri Kembangan Land. Tranche 1(B) To refinance the revolving credit-i facility to be granted to the Issuer to part finance the construction costs of the project on the Seri Kembangan Land. Up to RM mil Tranche 1(C) For working capital requirements 5.0 Tranche 2 For working capital requirements 5.0 Other Tranches a) To finance/reimburse future acquisition of properties by the Group; and/or b) To finance development costs of projects undertaken by the Group; and/or c) To refinance existing and/or future borrowings of the Group; and/or d) To finance working capital requirements of the Group; and/or e) To finance such other purposes as may be mutually agreed between the Issuer and the Sole Investor Total 500.0

4 g. Details of designated account(s) In respect of Tranche 1: The following Shariah-compliant accounts shall be opened with PIBB ( Account Bank ): a. Tranche 1 Proceeds Account: Name of account Parties responsible for opening of the account Parties responsible for maintaining / operating the account Sources of funds Tranche 1 Proceeds Account UASB Party responsible for maintaining the account: UASB Party responsible for operating the account and signatories to the account: Security Agent The following shall be deposited or cause to be deposited into the Tranche 1 Proceeds Account: (i) Redemption sum (as shall be agreed between the Issuer/UASB and the Sole Investor) from sale of units/lots of the Project; (ii) Any other monies transferred from the Tranche 1 HDA as permitted under the HD Act and/or the relevant regulations issued thereunder and non-hda, if any, in relation to the Project; and (iii) Proceeds of any takaful claims and/or any claims received in respect of third party performance bonds and/or guarantees or any other compensation received in relation to the development on the Seri Kembangan Land.

5 Utilisation of Funds Amounts standing to the credit of the Tranche 1 Proceeds Account may only be used subject to terms and conditions to be agreed upon between the Issuer and/or UASB and the Security Agent which include the following: a. To the extent monies standing to the Tranche 1 Proceeds Account under paragraphs (1) and (2) under Sources of Funds above: i. To settle any redemption of the principal amount due and payable under the Tranche 1 Sukuk Murabahah; ii. To early redeem the Tranche 1 Sukuk Murabahah; and iii. To fund the Permitted Investments provided that monies from the Permitted Investments will be remitted back to the Tranche 1 Proceeds Account upon maturity of the same or whenever any outstanding Sukuk Murabahah under Tranche 1 matures and fails to be fully redeemed on its relevant maturity date b. To the extent monies standing to the Tranche 1 Proceeds Account under paragraph (3) under Sources of Funds above: i. to make good the damage or loss or disrepair to the buildings together with all fixtures thereon

6 erected under the Project; ii. to prepay part of or the whole outstanding principal of the Sukuk Murabahah under Tranche 1; Provided that: A. such withdrawal for (b)(i) above must be accompanied by relevant supporting documents acceptable to the Security Agent and the Sole Investor evidencing the amount payable to make good the works on the units erected on the Seri Kembangan Land or such damage or loss or disrepair caused by the insured events furnished by the Issuer; and B. no Event of Default has occurred and is subsisting at the time such withdrawal is made or would occur, following such withdrawal For the avoidance of doubt, the Sole Investor shall have the sole discretion to determine the use of proceeds to any purposes prescribed in (b) above. b. Tranche 1 HDA Name of account Parties responsible for opening of the Tranche 1 HDA UASB

7 account Parties responsible for maintaining / operating the account Party responsible for maintaining the account: UASB Party responsible for operating the account and signatories to the account: UASB Sources of funds Proceeds and/or monies as required to be remitted by UASB in respect of the Project in accordance with the provisions of the HD Act and/or the relevant regulations issued thereunder shall be deposited or cause to be deposited into the Tranche 1 HDA. Utilisation of Funds Amounts standing to the credit of the Tranche 1 HDA may only be utilised towards financing of the development costs on the Seri Kembangan Land, payment of profit and principal of the Sukuk under Tranche 1 falling due and payable, finance costs and other costs or payments as permitted under the HD Act and/or the relevant regulations issued thereunder. For the avoidance of doubt, if an Event of Default has been declared, withdrawal of monies standing to the credit of the HDA shall, to the extent permitted by law, be subject to the consent of the Sole Investor. To the extent permitted by law, monies in the Tranche 1 HDA may be transferred into the Tranche 1 Proceeds Account. Other Tranches: Such designated accounts (if any) to be determined by the Sole Investor and agreed by the Issuer prior to each issuance of such tranches.

8 h. Profit / coupon / rental rate The Sukuk Murabahah will be issued at par with a floating profit rate ( Effective Profit Rate ) to be determined and agreed between the Issuer and the Sole Investor prior to the date of each issuance of the Sukuk Murabahah. i. Profit / coupon / rental payment frequency j. Profit / coupon / rental payment basis The profit payment frequency may be one (1), two (2) or three (3) months ( Profit Payment Period ) at the selection of the Issuer and agreed by the Sole Investor prior to each issuance of Sukuk Murabahah. Actual number of days elapsed based upon a 365-day year. The profit payment date shall fall on the last day of the selected Profit Payment Period. k. Issue Price The Sukuk Murabahah shall be issued at par to nominal value and the issue price shall be calculated in accordance with PayNet Rules and Procedures. The issue price of the Sukuk Murabahah shall be determined prior to each issuance of the Sukuk Murabahah. l. Identified asset/trust asset Shariah-compliant commodities, which shall include but not limited to crude palm oil and/or such other acceptable commodities (excluding ribawi items in the category of medium of exchange such as currency, gold and silver) which are provided through the commodity trading platform, Bursa Suq Al-Sila. m. Purchase and selling price, where applicable compliance with asset pricing requirements Purchase Price The Purchase Price shall be determined prior to each issuance of the Sukuk Murabahah under the Sukuk Murabahah Programme and shall be an amount equivalent to the Sukuk Murabahah proceeds. The Purchase Price of the Commodities shall be in line with the asset pricing requirements stipulated under the SC s LOLA Guidelines. n. Form and Denomination Form Deferred Sale Price The Deferred Sale Price shall be the Purchase Price plus the disclosed profit margin. The disclosed profit margin for each Sukuk Murabahah shall be fixed at the CPA calculated based on a CPR to be determined prior to each issuance. The Deferred Sale Price shall be in line with the asset pricing requirements stipulated under the SC s LOLA Guidelines. The Sukuk Murabahah will be issued in bearer form and represented at all times by global certificates to be deposited with the Central Securities Depository (exchangeable for definitive certificates only in limited circumstances as provided in the relevant Transaction Document). No physical delivery of the

9 Sukuk Murabahah is permitted Denomination The Sukuk Murabahah shall be issued in the denomination of RM100,000 each and in multiples of RM100,000 thereof or such other denomination as may be mutually agreed between the Issuer, the Lead Arranger and/or the Facility Agent. o. Listing Status The Sukuk Murabahah issued under the Sukuk Murabahah Programme will not be listed on Bursa Malaysia Securities Berhad or any other stock exchange. p. Status The Sukuk Murabahah shall constitute direct, unconditional, secured and unsubordinated liabilities and obligations (actual or contingent) of the Issuer and all Sukuk Murabahah belonging to the same tranche shall at all times rank pari passu, without discrimination, preference or priority amongst themselves and at least pari passu with all other present and future unsecured and unsubordinated liabilities and obligations (actual or contingent) of the Issuer save and except liabilities and obligations which are (i) subject to liens or rights of set-off arising in the Issuer s normal course of business, (ii) preferred solely by law and not by reason of any Security Interest; and (iii) incurred with the written consent of the Sole Investor. q. Taxation All payments in respect of the Sukuk Murabahah and the Transaction Documents by the Issuer shall be made free and clear of, and without withholding or deduction for, any taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of any authority having power to tax, unless such withholding or deduction is required by law in which case the Issuer shall pay all such additional amounts so that the Sole Investor receive the full amount that they would have received has no such deduction or withholding been made. r. Clear Market From the date that the Issuer obtains its board of directors approval for the establishment of the Sukuk Murabahah Programme and issuance of Sukuk Murabahah under the Sukuk Murabahah Programme until the thirtieth (30 th ) day after the first issue of the Sukuk Murabahah, the Issuer undertakes to not accept, mandate, syndicate or privately place any other external borrowings or guarantee facility without the prior written approval of the Lead Arranger and Sole Investor. s. Adverse Market Condition At any time prior to the issuance of the Sukuk Murabahah, the Sole Investor reserves the right to withdraw/terminate the arrangement of the Sukuk Murabahah Programme if there occurs any change in the national or international financial, political or economic conditions, including but not limited to adversities in international/domestic money, capital or syndicated loan markets, the business activities or financial position of the Issuer which in

10 the opinion of the Sole Investor will materially affect the subscription of the Sukuk Murabahah. t. Changes in Circumstances If at any time prior to the availability of the Sukuk Murabahah Programme, as a result of any change in applicable law, regulation or regulatory requirement or in the interpretation or application thereof or if compliance by the Principal Adviser/Lead Arranger/Facility Agent/Security Agent/Sole Investor (collectively Financing Parties ) with any applicable direction, request or requirement (whether or not having the force of law) will impose on the Financing Parties any condition, burden or obligation then the commitment of the Financing Parties to arrange/ subscribe (as the case may be) for the Sukuk Murabahah Programme will terminate upon notice to the Issuer by the Financing Parties of the occurrence of such event after becoming aware thereof. u. Costs and expenses All costs and expenses in relation to the Sukuk Murabahah Programme (including but not limited to legal and other professional fees, reasonable out of pocket expenses, travelling expenses and all goods and services, value added and other duties or taxes payable on such cost and expenses) shall be for the account of the Issuer irrespective whether the Sukuk Murabahah are issued. v. Transaction Documents Such documentation shall include, but are not limited to, the following:- a. the Programme Agreement; b. Subscription Agreement(s); c. the Securities Lodgement Form for Central Securities Depository and Paying Agency Services; d. the relevant Islamic transaction agreements including but not limited to the commodity Murabahah master agreement, the service agency agreement, the facility agency agreement, the CTP purchase agreement, the purchase order(s), the sale and purchase agreement(s) and the CTP sale agreement; e. the Security Documents; f. the Sukuk Murabahah represented by the global certificates or the definitive certificates, as the case may be; and g. such other documents or agreements designated as such by the Lead Arranger and/or as advised by the Solicitors in connection with the Sukuk Murabahah and/or the Sukuk Murabahah Programme and includes any amendments, variations and/or supplementals made or entered into from time to time and references to Transaction Documents mean any one of them.

11 The Security Documents in respect of each tranche of Sukuk Murabahah, shall mean the security documents as shall be required and determined by the Sole Investor prior to the issuance of each tranche of Sukuk Murabahah. For the purpose of Tranche 1, reference to Security Documents shall include but not limited to the following:- a. the Corporate Guarantee; b. the Assignment and Charge over Tranche 1 Designated Accounts; c. the Charge over Seri Kembangan Land; d. the UASB Guarantee; e. the Project Debenture; and f. the priority and security sharing agreement, and for the purpose of Tranche 2, reference to Security Documents shall include but not limited to the Memorandum of Deposit of Shares and the Corporate Guarantee. v) Jurisdiction The Issuer shall unconditionally and irrevocably submit to the non-exclusive jurisdiction of the courts of Malaysia. w) Other conditions The Sukuk Murabahah issued under the Sukuk Murabahah Programme shall at all times be governed by the guidelines issued and to be issued from time to time by the SC and BNM and/or PayNet over matters pertaining to the Sukuk Murabahah.

Other Terms and Conditions. (a) Deferred Sale Price : The Deferred Sale Price shall be an amount equal to: in the case of Sukuk Murabahah without

Other Terms and Conditions. (a) Deferred Sale Price : The Deferred Sale Price shall be an amount equal to: in the case of Sukuk Murabahah without Other Terms and Conditions (a) Deferred Sale Price : The Deferred Sale Price shall be an amount equal to: (i) in the case of Sukuk Murabahah with Periodic Profit Payments and issued at par The Purchase