(BPP.

16/2SPA/1B)

DEED OF ASSIGNMENT
THIS ASSIGNMENT is made the .day of.....................19........... BETWEEN
.......................................................................................
.........................................................................................(hereinafter called the Borrower) of the first part
And ..................................................................................................................................................................
...................................................................................(hereinafter called the Joint Purchaser) of the second
part (the Borrower and the Joint Purchaser hereinafter called the Assignors) And THE GOVERNMENT
OF MALAYSIA (hereinafter called the Assignee) of the third part.
WHEREAS
(i)

By an Agreement dated the .day of..19. (hereinafter called

the said Agreement) made between ..........................
...............................................................................
(hereinafter called the Vendor) of the first part, and the Assignors of the second part
And.............
....................................................................
(herein after called the Proprietor) of the third part, the Vendor sold and the Assignors
purchased ALL THAT parcel of premises known as..........................................................
located on the floor numbered as.................................................building numbered
as.......................................................................................outlined in red in the Floor Plan
annexed to the said Agreement and containing an area of .square metres
approximately (herein after called the property) erected or to be erected on land held
under.......................................................................................................................................
................................................................................................................

(ii)

The subsidiary title of the said Property will only be issued at a future date and the
Assignors are thereby desirous of assigning to the Assignee all their rights title and
interests in and to the said Property under the said Agreement as security to secure the
repayment of the Loan granted to the Borrower together with the interest thereon

(iii)

By an Agreement dated.day of..19(hereinafter called the

Loan Agreement) the Assignee agreed to grant a Loan of Malaysian Ringgit
.....................................................................................................................
.................................................................................................(RM ......)
(hereinafter called the Loan) to the Borrower to enable the Borrower and the Joint
Purchaser to purchase the Property and in consideration thereof the Assignors agrees to
assign all their rights title and interest in and to the Property under the said Agreement as
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security for to secure the repayment of the Loan together with interest thereon, in
accordance with and subject to the terms stipulations and condition in the Loan
agreement.
NOW THIS ASSIGNMENT WITNESSETH:
1.
That in consideration of the Assignee having agreed to grant the said Loan, the Assignors as
Beneficial Owners, hereby ASSIGNS absolutely to the Assignee all their rights, title and interests in and to
the lot under the said Agreement, and the full benefit granted thereby and all stipulations therein contained
and all remedies for enforcing the same.
2.
That the Assignors shall at all times hereafter save harmless and keep the Assignee indemnified
against all actions, proceedings, claims, demands, penalties, costs and expenses which may be brought or
made against or incurred by the Assignee, by the reason or on account of the non-observance of all or any
of the stipulations on the part of the Assignors contained in the said Agreement, or otherwise howsoever,
and in particular and without prejudice to the fore going generally of the payment of the balance of the
purchase price of the Property to the Vendor, if the same has not been paid in full at the date hereof.
3.
When the subsidiary title to the said Property is issued and duly registered into the name of the
Assignors, the Assignors shall execute a legal charge over the said Property in favour of the Assignee.
4.
This Assignment shall remain in force until such time as it shall be revoked the due execution and
registration thereof by the Assignors of a legal charge over the said Property in favour of the Assignee.
5.
This Assignment shall be binding upon the heirs personal representative and assigns of the parties
herein.
6.
The costs and expenses in evidence to the preparation and completion of this Assignment
including stamp fees and other expenses in respect of this Agreement shall be borne and paid by the
Assignors absolutely.

IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year first
above mentioned.

Signed by the said (the Assignor)

in the Presence of:

Signature of Witness :

1.....................................................................

Name :
IC No.:

2......................................................................

Official Chop :

Signed for and on behalf of THE

GOVERNMENT OF MALAYSIA
in the presence of:

........................................................................
Tandatangan Setiausaha/Timbalan Setiausaha
Ketua Penolong Setiausaha/Penolong setiausaha
Penolong Pegawai Tadbir Gred N5
Bahagian Pinjaman Perumahan
Perbendaharaan Malaysia
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ACKNOWLEDGEMENT AND CONSENT TO ASSIGNMENT

We......................................
...........
do hereby acknowledge that on this . day of 19 the fore going Assignment
was intimated to us by the delivery of a true copy thereof and the same has been duly notes in our records.

............................................................
Signature(Company/Corporation)

ACKNOWLEDGEMENT AND CONSENT TO ASSIGNMENT

We......................................
...........
do hereby acknowledge that on this . day of 19 the fore going Assignment
was intimated to us by the delivery of a true copy thereof and the same has been duly notes in our records.

............................................................
Signature(Company/Corporation)