[{"id":"4e5e4fa6-bc46-4ae4-953b-639d8a41de17","order":1,"text":"OPTION TO PURCHASE","fontSize":"20","textAlign":"center","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"de3af8c3-27eb-4b4d-a307-ea4ec4a153c3","order":2,"text":"(Private Residential Property)","fontSize":"14","textAlign":"center","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"f70fc188-aced-4ebb-ab7f-ff75d6ab6a3a","order":3,"text":"Date of this Option: [Date of Option]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"24e752be-885c-41e8-a63e-30fe9886e86b","order":4,"text":"Property: [Property address]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"98ba946f-3bb3-4c2f-8970-71446b168851","order":5,"text":"BETWEEN","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"ad2aa94a-8a9a-4cf2-b06f-519cad6d72c1","order":6,"text":"[Vendor name], holder of NRIC/passport No. [Vendor NRIC/Passport No.], of [Vendor address] (hereinafter called "the Vendor", which expression shall where the context so admits include the Vendor's personal representatives and assigns),","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5c83e77e-6eef-470d-b156-c1d5d408b68a","value":"company","type":"remove","operator":"="}]},{"id":"286eb38f-795f-4d07-829e-6253c53a1442","order":7,"text":"and [Second vendor name], holder of NRIC/passport No. [Second vendor NRIC/Passport No.], of [Second vendor address], as joint vendors,","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"654c5f48-7bbe-45fe-bb53-695016493ed9","value":"2","type":"add","operator":"="},{"field":"5c83e77e-6eef-470d-b156-c1d5d408b68a","value":"company","type":"remove","operator":"="}]},{"id":"b61300f3-d6a8-438a-b77f-635167f33060","order":8,"text":"[Vendor company name] (UEN No. [UEN]), a company incorporated in Singapore and having its registered office at [Registered office address] (hereinafter called "the Vendor", which expression shall where the context so admits include its successors and assigns),","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"5c83e77e-6eef-470d-b156-c1d5d408b68a","value":"company","type":"add","operator":"="}]},{"id":"8e929d62-896c-41a0-b2b2-b5bf97c6897e","order":9,"text":"AND","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"cf0ac092-ec5c-4683-8ad6-383dec7d7d45","order":10,"text":"[Purchaser name], holder of NRIC/passport No. [Purchaser NRIC/Passport No.], of [Purchaser address] (hereinafter called "the Purchaser", which expression shall where the context so admits include the Purchaser's personal representatives and assigns).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"16550864-2655-4205-9de5-7d273d05eb4c","value":"company","type":"remove","operator":"="}]},{"id":"ed58b192-c7ef-4fb3-83f4-5ffffe5020f5","order":11,"text":"and [Second purchaser name], holder of NRIC/passport No. [Second purchaser NRIC/Passport No.], of [Second purchaser address], as joint purchasers, who (if more than one) shall hold the Property as [Manner of holding].","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"02ff7d59-69cc-4bb6-82cb-ffb752c1e61e","value":"2","type":"add","operator":"="},{"field":"16550864-2655-4205-9de5-7d273d05eb4c","value":"company","type":"remove","operator":"="}]},{"id":"14a9cf62-e67c-4c4d-a228-512bf47c4335","order":12,"text":"[Purchaser company name] (UEN No. [UEN]), a company incorporated in Singapore and having its registered office at [Registered office address] (hereinafter called "the Purchaser", which expression shall where the context so admits include its successors and assigns).","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true,"displayConditions":[{"field":"16550864-2655-4205-9de5-7d273d05eb4c","value":"company","type":"add","operator":"="}]},{"id":"bcebaf7c-1008-49bb-a19d-41ae4763f29e","order":13,"text":"In consideration of the Option Fee paid by the Purchaser to the Vendor (the receipt of which the Vendor hereby acknowledges), the Vendor grants to the Purchaser this Option to purchase the Property on the terms and subject to the conditions set out below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true,"marginTop":"6"},{"id":"b24349f2-9581-434e-bba8-bb5fd63af836","order":14,"text":"1. DEFINITIONS AND INTERPRETATION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10","sectionNum":"S01"},{"id":"43c48960-e7b5-4427-a539-75cdc430fbe9","order":15,"text":"In this Option, unless the context otherwise requires: "the Property" means the property described above, together with all fixtures and fittings thereon other than those expressly excluded; "the Option Period" has the meaning given in the Article entitled "Exercise of the Option and Exercise Fee"; "the Completion Date" has the meaning given in the Article entitled "Completion"; "the Conditions of Sale" has the meaning given in the Article entitled "Conditions of Sale"; and "the Sale and Purchase Agreement" means the contract for the sale and purchase of the Property arising upon the valid exercise of this Option. Words importing the singular include the plural and vice versa, and words importing one gender include every gender. Where the Vendor or the Purchaser comprises more than one person, their obligations are joint and several.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"558b4058-e7e3-41ed-826f-c3db6b5a6054","order":16,"text":"2. GRANT OF OPTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S02"},{"id":"f2b4107d-20e3-4857-988c-c64156045f81","order":17,"text":"The Vendor grants to the Purchaser the exclusive right and option to purchase the Property at the Purchase Price free from encumbrances, subject to the terms of this Option and the Conditions of Sale. During the Option Period, the Vendor shall not grant any option over, or agree to sell, the Property to any other person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"4aecb243-50e5-4791-b178-ced559b54192","order":18,"text":"3. OPTION FEE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S03"},{"id":"93a25f96-4f63-4202-9027-53db2ad1b51e","order":19,"text":"In consideration of the grant of this Option, the Purchaser has paid to the Vendor an option fee of S$[Option fee] (being [Option fee %]% of the Purchase Price) ("the Option Fee"). If the Purchaser does not exercise this Option in the manner and within the time provided in the Article entitled "Exercise of the Option and Exercise Fee", the Option shall lapse and the Vendor shall be entitled to forfeit and retain the Option Fee absolutely, whereupon neither party shall have any claim against the other.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"3d5258ae-1acc-4dea-8111-be06372a2ce6","order":20,"text":"4. EXERCISE OF THE OPTION AND EXERCISE FEE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S04"},{"id":"fcd40f01-efb8-4005-afa0-5e9ef6509f53","order":21,"text":"This Option may be exercised by the Purchaser on or before 4.00 p.m. on [Option expiry date] ("the Option Period") by the Purchaser, or the Purchaser's solicitors on the Purchaser's behalf: (a) signing the Acceptance Copy of this Option set out at the end of this document; and (b) delivering the signed Acceptance Copy to the Vendor's solicitors, [Vendor's solicitors], together with payment of the exercise fee.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"10","cflou":false,"active":true},{"id":"93f140cb-3a3f-4c57-9e4c-1e510ae8f3a7","order":22,"text":"The exercise fee is S$[Exercise fee] (being [Exercise fee %]% of the Purchase Price) ("the Exercise Fee"). The Option Fee and the Exercise Fee together constitute the deposit and part payment of the Purchase Price. Upon valid exercise of this Option, a binding Sale and Purchase Agreement shall come into existence between the Vendor and the Purchaser upon the terms of this Option and the Conditions of Sale.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"c8a35fc2-0d5f-4d75-8895-72ea7e3a6bdd","order":23,"text":"5. PURCHASE PRICE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S05"},{"id":"edede95f-959d-4b55-b830-345b7e92ac85","order":24,"text":"The purchase price for the Property is S$[Purchase price] ("the Purchase Price"), payable as to the Option Fee and the Exercise Fee as aforesaid, and as to the balance of the Purchase Price on completion in the manner set out in the Articles entitled "Balance Deposit and Stakeholding" and "Completion" below.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"a1730859-518a-499a-b994-36a189996c83","order":25,"text":"6. BALANCE DEPOSIT AND STAKEHOLDING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S06"},{"id":"5349ebd2-62f1-4e4e-9517-963093ee22df","order":26,"text":"On or before [Balance deposit days] days after the date of exercise of this Option, the Purchaser shall pay a further sum equal to [Balance deposit %]% of the Purchase Price less the Option Fee and the Exercise Fee already paid ("the Balance Deposit"), so that the total deposit paid amounts to [Total deposit %]% of the Purchase Price. The deposit shall be paid to and held by the Vendor's solicitors as stakeholders, who shall deal with the same in accordance with the Conditions of Sale and release it to the Vendor on completion (or as the parties may otherwise direct in writing), without prejudice to the Vendor's right of forfeiture in the event of the Purchaser's default. The deposit shall be deposited into a conveyancing account maintained under the Conveyancing and Law of Property (Conveyancing) Rules where required by law.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"b5e588de-dac0-49b5-880a-a4b36b89be46","order":27,"text":"7. COMPLETION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S07"},{"id":"9126741d-4dfd-4d4c-9a8f-10d34a76e135","order":28,"text":"Completion of the sale and purchase shall take place within [Completion weeks] weeks from the date of exercise of this Option ("the Completion Date"), at the office of the Vendor's solicitors or as the solicitors of the parties may otherwise agree. On completion, the Purchaser shall pay the balance of the Purchase Price against delivery by the Vendor of a duly executed instrument of transfer in registrable form in favour of the Purchaser and (where applicable) the duplicate certificate of title or subsidiary strata certificate of title, together with all such documents as are necessary to give the Purchaser a good and marketable title free from encumbrances. Possession, risk and the right to rents and profits shall pass to the Purchaser on completion.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"568f0e5c-d4f6-44e0-9452-4c15b866317e","order":29,"text":"8. REDEMPTION OF EXISTING ENCUMBRANCE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"075070e7-e07f-421b-af2e-3811b2065a68","value":"yes","type":"add","operator":"="}],"sectionNum":"S08"},{"id":"1b7165af-0347-43b6-a850-8fc4cc37d060","order":30,"text":"The Property is presently subject to a mortgage or charge in favour of the Vendor's financier. The Vendor shall procure the discharge and removal of such mortgage or charge on or before completion, and the Purchaser's solicitors shall be entitled to apply such part of the balance of the Purchase Price as is necessary towards redemption, against the Vendor's financier's or its solicitors' written undertaking to deliver a duly executed and registrable discharge or total discharge of mortgage within a reasonable time after completion, in accordance with conveyancing practice in Singapore.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"075070e7-e07f-421b-af2e-3811b2065a68","value":"yes","type":"add","operator":"="}]},{"id":"cf0a9365-d18c-40c7-bca2-263c5f69a4e7","order":31,"text":"9. TITLE, REQUISITIONS AND CAVEAT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S09"},{"id":"a3adedf8-3da5-4495-9606-1007d25d9d49","order":32,"text":"The Vendor shall give and the Purchaser shall accept a good and marketable title to the Property free from encumbrances, save as expressly provided in this Option. The Purchaser shall be entitled to raise requisitions and conduct legal requisitions on the relevant government departments and authorities. If the replies to such legal requisitions or any title search reveal that the Property is or will be adversely affected by any acquisition, road or drainage proposal, notice, order, encroachment or other matter materially affecting the Property which the Vendor is unable or unwilling to remove or satisfy before completion, the Purchaser may by written notice rescind the purchase, whereupon all moneys paid (other than as may be forfeited for the Purchaser's own default) shall be refunded to the Purchaser without interest, and neither party shall have any further claim against the other. The Purchaser's solicitors shall be entitled to lodge a caveat against the Property to protect the Purchaser's interest upon exercise of this Option.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"0a3574d1-8842-4085-86ec-c486e4745af3","order":33,"text":"10. CONDITIONS OF SALE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S10"},{"id":"7fe7626e-719a-4a9a-bada-8d137223e839","order":34,"text":"The sale and purchase shall be subject to and shall incorporate The Law Society of Singapore's Conditions of Sale 2020 ("the Conditions of Sale") so far as they are applicable to a sale by private treaty and are not varied by or inconsistent with the terms of this Option, in which event the terms of this Option shall prevail. The Property is sold subject to all easements, covenants, conditions, restrictions and rights of way (if any) subsisting over or affecting the Property, and to the provisions of the Land Titles Act 1993 and (where the Property is comprised in a strata subdivision) the Building Maintenance and Strata Management Act 2004 and the by-laws of the relevant management corporation.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"7a467554-d4ca-4ae1-827c-0e69d05e9049","order":35,"text":"11. POSSESSION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S11"},{"id":"583ddc15-4fe6-452a-96a5-b38a8bd0d888","order":36,"text":"The Vendor shall deliver vacant possession of the Property to the Purchaser on completion, free from any tenancy, occupation or right of occupation by any person.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"be845dc9-9686-4161-8d39-b13d4450ade3","value":"vacant","type":"add","operator":"="}]},{"id":"81db9241-4d25-4d37-ad25-47b8a24312ce","order":37,"text":"The Property is sold subject to the existing tenancy in favour of [Tenant] at a monthly rent of S$[Monthly rent], expiring on [Tenancy expiry date], particulars of which have been disclosed to and accepted by the Purchaser. The Vendor shall on completion assign to the Purchaser the benefit of the tenancy and account to the Purchaser for the security deposit held thereunder, and the Purchaser shall accept the Property subject to and with the benefit of the said tenancy.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"be845dc9-9686-4161-8d39-b13d4450ade3","value":"tenancy","type":"add","operator":"="}]},{"id":"b2bb8203-ffef-411c-8624-3d0979f38491","order":38,"text":"12. INCLUSIONS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"f2bf533a-7bcc-461c-be58-b1f58495a40f","value":"yes","type":"add","operator":"="}],"sectionNum":"S12"},{"id":"842b182c-48e8-4139-bb64-d982b3b8625b","order":39,"text":"The Purchase Price includes the following furniture, fixtures, fittings and chattels (namely, [List of inclusions]), which the Vendor shall deliver to the Purchaser on completion in their present condition (fair wear and tear excepted). Save as aforesaid, the Vendor gives no warranty as to the condition or fitness for purpose of the said items, which the Purchaser has inspected and accepted prior to the date of this Option.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"f2bf533a-7bcc-461c-be58-b1f58495a40f","value":"yes","type":"add","operator":"="}]},{"id":"ddea9199-60f1-4a64-9126-0cc5dfc59a8e","order":40,"text":"13. VENDOR'S WARRANTIES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S13"},{"id":"b5d85085-1854-457a-87cc-4f00f3840921","order":41,"text":"The Vendor warrants and represents to the Purchaser that: (a) the Vendor has full right, power and capacity to sell the Property and to grant this Option; (b) the Vendor is the sole legal and beneficial owner of the Property, save for any subsisting mortgage or charge to be discharged on or before completion; (c) the Vendor has not received any notice of acquisition, and is not aware of any pending acquisition, of the whole or any part of the Property; (d) there are no outstanding notices, orders or requisitions issued by any competent authority requiring works to be carried out to the Property which have not been complied with; (e) no unauthorised additions, alterations or works have been carried out to the Property in contravention of the Building Control Act 1989, the Planning Act 1998 or any approved plans; and (f) all maintenance charges, sinking fund contributions and property tax payable in respect of the Property have been or will be paid up to the Completion Date. These warranties shall, so far as not fulfilled at completion, survive completion.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"f65fcf0f-c579-4737-badb-b7b758ab9431","order":42,"text":"14. COMPLETION SUBJECT TO FINANCING","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"5d61601a-60a7-4987-88d7-21c2e275ee59","value":"yes","type":"add","operator":"="}],"sectionNum":"S14"},{"id":"59c40f1f-347d-45c9-a0ae-8c636cb875de","order":43,"text":"The completion of the sale and purchase is conditional upon the Purchaser obtaining a loan facility of not less than S$[Required loan amount] from a bank or financial institution of the Purchaser's choice on or before [Financing deadline]. If the Purchaser, having used all reasonable endeavours and made timely application, is unable to obtain such facility by the said date, the Purchaser may by written notice to the Vendor's solicitors given before completion elect not to proceed, whereupon the Vendor shall refund the Option Fee and the Exercise Fee to the Purchaser without interest, deduction or claim by either party. This condition is for the benefit of the Purchaser, who may waive it by written notice. For the avoidance of doubt, the Purchaser shall not be relieved of its obligation to complete merely by reason of any failure to obtain financing where this condition has been waived or has not been duly invoked.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"5d61601a-60a7-4987-88d7-21c2e275ee59","value":"yes","type":"add","operator":"="}]},{"id":"7d36282f-ca99-4d7e-84a8-d9039219384b","order":44,"text":"15. FOREIGN PURCHASER","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"52a876d3-2aa4-482c-b206-3073c4dc1074","value":"yes","type":"add","operator":"="}],"sectionNum":"S15"},{"id":"c0a4a125-57d7-4e58-82ba-91ac4e3b8178","order":45,"text":"The Purchaser is a foreign person within the meaning of the Residential Property Act 1976. The completion of the sale and purchase is conditional upon the Purchaser obtaining, where required, the approval of the Land Dealings Approval Unit (or other competent authority) to acquire and hold the Property on or before the Completion Date. The Purchaser shall apply for such approval promptly and at its own cost and shall keep the Vendor informed of its progress. If such approval is refused notwithstanding the Purchaser's reasonable endeavours, either party may by written notice rescind the purchase, whereupon all moneys paid shall be refunded to the Purchaser without interest and neither party shall have any further claim against the other, save in respect of any antecedent breach.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"52a876d3-2aa4-482c-b206-3073c4dc1074","value":"yes","type":"add","operator":"="}]},{"id":"0397c5ab-b6e5-4091-b026-29ab86bd61ec","order":46,"text":"16. STAMP DUTY","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S16"},{"id":"1b58cb0c-3ff7-43ef-8cdb-39d32d03c54e","order":47,"text":"The Purchaser shall be solely responsible for and shall pay all buyer's stamp duty and (where applicable) additional buyer's stamp duty payable on the purchase of the Property to the Commissioner of Stamp Duties within fourteen (14) days of the date of exercise of this Option, in accordance with the Stamp Duties Act 1929. The Vendor shall be responsible for any seller's stamp duty payable by it under law. Each party shall bear its own legal costs of and incidental to this transaction.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"8f1f8721-aa4b-4492-bc71-303166163b5b","order":48,"text":"17. APPORTIONMENTS AND OUTGOINGS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S17"},{"id":"7168a1b4-b25d-449d-8eab-b63ec9d13757","order":49,"text":"All property tax, maintenance charges, sinking fund contributions, utilities and other outgoings in respect of the Property shall be apportioned between the Vendor and the Purchaser as at the Completion Date, the Vendor being liable up to and including the day before completion and the Purchaser as from the Completion Date, in accordance with the Conditions of Sale. Any apportioned sums shall be settled on the completion statement prepared by the Vendor's solicitors.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"ed566cc7-c9cf-43e9-91da-cf19c2d1a724","order":50,"text":"18. GOODS AND SERVICES TAX","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"54fc963f-4967-4684-85a9-5222753b99a0","value":"yes","type":"add","operator":"="}],"sectionNum":"S18"},{"id":"ac734e47-ffc3-4cb9-9e74-ae06c94b25af","order":51,"text":"The Vendor is registered for Goods and Services Tax. Where any supply made under this Option or the Sale and Purchase Agreement is a taxable supply, the Purchase Price and any other sum payable hereunder are exclusive of GST, and the Purchaser shall in addition pay the GST chargeable thereon at the prevailing rate against a valid tax invoice issued by the Vendor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"54fc963f-4967-4684-85a9-5222753b99a0","value":"yes","type":"add","operator":"="}]},{"id":"7ff547d0-d1e2-42cf-9625-3d460dea4731","order":52,"text":"19. DEFAULT, TIME OF THE ESSENCE AND FORFEITURE","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S19"},{"id":"83e75ff5-5feb-4a00-9fef-6214b3e62ddd","order":53,"text":"Time shall be of the essence of this Option and of the Sale and Purchase Agreement. If the Purchaser, having exercised this Option, fails to complete the purchase in accordance with the Conditions of Sale, the Vendor may, after service of a notice to complete in accordance with the Conditions of Sale and the expiry of the period stated therein, treat the Purchaser as having repudiated the Sale and Purchase Agreement, rescind the same, forfeit the deposit (comprising the Option Fee, the Exercise Fee and the Balance Deposit), resell the Property and recover from the Purchaser any deficiency in price and all expenses occasioned by the Purchaser's default, and pursue any other remedy available at law or in equity, including specific performance. If the Vendor fails to complete, the Purchaser shall be entitled to a refund of all moneys paid and to pursue any remedy available at law or in equity, including specific performance. Interest on late completion shall be payable by the defaulting party at the rate of [Late completion interest rate]% per annum in accordance with the Conditions of Sale. The forfeiture of any deposit shall be without prejudice to any other right or remedy of the Vendor, subject to the rules of law and equity relating to penalties and relief against forfeiture.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"f98be790-7c8f-41df-9622-4bebb4e4e93b","order":54,"text":"20. SUB-SALE AND ASSIGNMENT","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"displayConditions":[{"field":"7c51e3e2-0292-4767-aa94-946f4a32a244","value":"yes","type":"add","operator":"="}],"sectionNum":"S20"},{"id":"7d47ee93-830b-4a30-a34b-f4fd5f7fd7cb","order":55,"text":"The Purchaser shall be entitled, before completion, to nominate or assign the benefit of this Option and the Sale and Purchase Agreement to a third party (a sub-purchaser), provided that the Purchaser shall remain liable for the due performance of all obligations hereunder until completion, that any such sub-sale or assignment complies with all applicable laws (including the Stamp Duties Act 1929 and the Residential Property Act 1976), and that the Vendor shall not thereby be put to any greater liability or expense. The Purchaser shall give the Vendor written notice of any such nomination or assignment together with the particulars of the sub-purchaser.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true,"displayConditions":[{"field":"7c51e3e2-0292-4767-aa94-946f4a32a244","value":"yes","type":"add","operator":"="}]},{"id":"c073d6a1-3010-44fe-b85a-32708decd060","order":56,"text":"21. NOTICES","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S21"},{"id":"331e6b27-ce3d-400d-a525-7a7d4273d20c","order":57,"text":"Any notice given under this Option shall be in writing and may be served on a party by delivering it to, or sending it by prepaid registered post or by electronic mail to, that party's solicitors or last known address, or by such other means as the Conditions of Sale permit. A notice served by the solicitors of a party shall be as effective as if served by that party. A notice is deemed received, if delivered by hand, at the time of delivery; if sent by registered post, two (2) days after posting; and if sent by electronic mail, at the time of transmission, provided no failure notification is received.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"758f748b-0d20-49ee-96cb-c0059330e6b4","order":58,"text":"22. COSTS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S22"},{"id":"a4a6525c-a7ab-4bf9-9191-deba6052e6e3","order":59,"text":"Each party shall bear its own legal and other costs and disbursements of and incidental to the negotiation, preparation and completion of this Option and the Sale and Purchase Agreement, save as otherwise expressly provided herein or in the Conditions of Sale.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"76cb2a66-ef48-475b-bf4f-65a28c93c9a7","order":60,"text":"23. GOVERNING LAW AND JURISDICTION","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S23"},{"id":"5c3257d9-4016-4272-b27b-01eeae2e54f3","order":61,"text":"This Option and the Sale and Purchase Agreement arising on its exercise shall be governed by and construed in accordance with the laws of the Republic of Singapore, and the parties submit to the exclusive jurisdiction of the courts of Singapore.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"14","cflou":false,"active":true},{"id":"45e591fa-cbb1-49fa-9ecf-9c8628b2a3a6","order":62,"text":"24. ENTIRE AGREEMENT AND MISCELLANEOUS","fontSize":"16","textAlign":"left","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"sectionNum":"S24"},{"id":"1faaabca-f2e6-4938-87d8-61f5d159f31a","order":63,"text":"This Option (together with the Conditions of Sale incorporated herein) constitutes the entire agreement between the parties relating to the sale and purchase of the Property and supersedes all prior representations, arrangements and understandings, whether oral or written. No variation shall be effective unless made in writing and signed by or on behalf of each party. No failure or delay by either party in exercising any right shall operate as a waiver thereof, nor shall any single or partial exercise preclude any further exercise. If any provision of this Option is or becomes invalid, illegal or unenforceable, that provision shall be severed and the remaining provisions shall continue in full force and effect. This Option may be executed in any number of counterparts, and by electronic signature through a prescribed electronic transaction system where permitted, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. A person who is not a party to this Option shall have no right under the Contracts (Rights of Third Parties) Act 2001 to enforce any of its terms.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"642a6bc0-eda4-402f-a544-104066d1a745","order":64,"text":"Signed by the Vendor:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true,"marginTop":"10"},{"id":"35063272-fe96-42df-9997-2de5f8cd8a35","order":65,"text":"_____________________________ Dated: _______________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"66e98d39-3df7-4445-9015-79a69f1335e2","order":66,"text":"Name: [Vendor name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"5c83e77e-6eef-470d-b156-c1d5d408b68a","value":"company","type":"remove","operator":"="}]},{"id":"d091ef57-3a07-47f9-b726-ee87609612ac","order":67,"text":"Name: [Vendor company name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"5c83e77e-6eef-470d-b156-c1d5d408b68a","value":"company","type":"add","operator":"="}]},{"id":"e7d8fde0-56b0-42b1-91c8-d76cbc70e504","order":68,"text":"Name of authorised signatory: [Authorised signatory]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"5c83e77e-6eef-470d-b156-c1d5d408b68a","value":"company","type":"add","operator":"="}]},{"id":"ec69ce41-8259-44c6-b3a7-ce9a666d7f4d","order":69,"text":"Receipt of the Option Fee is hereby acknowledged by the Vendor.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true},{"id":"1a4854c0-60e7-4bd6-a92b-c0e8553be55a","order":70,"text":"ACCEPTANCE COPY","fontSize":"16","textAlign":"center","bold":true,"underline":false,"marginBottom":"8","cflou":false,"active":true,"marginTop":"10"},{"id":"f5250857-b30e-436e-be13-51b77aeb792e","order":71,"text":"To: the Vendor and the Vendor's solicitors.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"1e5f97b9-b753-4f03-b35d-c17d7b792ebc","order":72,"text":"I/We, the Purchaser named above, HEREBY EXERCISE the Option to purchase the Property on the terms set out in the within-written Option, and enclose payment of the Exercise Fee. I/We agree to complete the purchase in accordance with the said Option and the Conditions of Sale.","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"16","cflou":false,"active":true},{"id":"d2c5feb4-fa2b-4b79-881c-581fb1ce4d9c","order":73,"text":"Signed by the Purchaser:","fontSize":"14","textAlign":"left","bold":true,"underline":false,"marginBottom":"6","cflou":false,"active":true},{"id":"fd7e8fa1-b783-4b63-81db-eba170fed685","order":74,"text":"_____________________________ Dated: _______________","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"4","cflou":false,"active":true},{"id":"48ee09db-0bb1-4afe-adfb-8b968bed4f4c","order":75,"text":"Name: [Purchaser name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"20","cflou":false,"active":true,"displayConditions":[{"field":"16550864-2655-4205-9de5-7d273d05eb4c","value":"company","type":"remove","operator":"="}]},{"id":"5c2bf83c-7445-41bb-a9a3-6596cad3d53f","order":76,"text":"Name: [Purchaser company name]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"16550864-2655-4205-9de5-7d273d05eb4c","value":"company","type":"add","operator":"="}]},{"id":"088cbe68-eaff-41cf-83d9-fedbe67ec88f","order":77,"text":"Name of authorised signatory: [Authorised signatory]","fontSize":"14","textAlign":"left","bold":false,"underline":false,"marginBottom":"6","cflou":false,"active":true,"displayConditions":[{"field":"16550864-2655-4205-9de5-7d273d05eb4c","value":"company","type":"add","operator":"="}]}]