# EDGAR Filing Document

**Accession Number:** 0002029138
**File Stem:** 0001213900-26-011551
**Filing Date:** 2026-2
**Character Count:** 53891
**Document Hash:** 70c877ddd1773f1ec70800f3b9f1576c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-011551.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001213900-26-011551

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20260203

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SAGTEC GLOBAL Ltd
- **CENTRAL INDEX KEY:** 0002029138
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** N8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42551
- **FILM NUMBER:** 26594200

**BUSINESS ADDRESS:**
- **STREET 1:** NO 43-2
- **STREET 2:** JALAN BESAR KEPONG
- **CITY:** KUALA LUMPUR
- **STATE:** N8
- **ZIP:** 52100
- **BUSINESS PHONE:** 60333100089

**MAIL ADDRESS:**
- **STREET 1:** NO 43-2
- **STREET 2:** JALAN BESAR KEPONG
- **CITY:** KUALA LUMPUR
- **STATE:** N8
- **ZIP:** 52100

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of February 2026**

**Commission File Number: 001-42551** 

**SAGTEC GLOBAL LIMITED**

(Registrant's Name)

**Lot 6-2, Level 9, Equatorial Plaza,** 

**Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia**

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

**INFORMATION CONTAINED IN THIS CURRENT REPORT**

*Project Funding Agreement*

On January 20, 2026, Sagtec Global Limited (the "Company") entered into a project funding agreement (the "Agreement") with a local property developer in Malaysia in connection with a residential township development comprising 84 townhouse units.

Pursuant to the Agreement, the Company has committed project funding of approximately RM7.6 million (approximately US$1.93 million), subject to agreed drawdown conditions, to support a defined phase of the development. Repayment of the funding is structured through the transfer of specified completed residential units and/or cash settlement, calculated by reference to the realized or assessed sale value of comparable units within the project.

The Agreement includes customary security arrangements, including charges over shares in the project developer, designed to secure the Company's interests. The arrangement does not involve the Company assuming development or construction responsibilities and does not constitute a joint venture or partnership.

The foregoing description of the project funding agreement is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this report and incorporated herein by reference.

*Forward-Looking Statements*

This report contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include, but are not limited to, statements regarding expected project outcomes and repayment under the funding arrangement. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

**Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Project Funding Agreement](ea027526601ex10-1_sagtec.htm) |
| 99.1 | [Press Release](ea027526601ex99-1_sagtec.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **SAGTEC GLOBAL LIMITED** | **SAGTEC GLOBAL LIMITED** |
| By: | */s/ Ng Chen Lok* |
| Name: | Ng Chen Lok |
| Title: | Chairman, Chief Executive Officer and <br> Executive Director |
| Date: | February 3, 2026 |

---

## Exhibit 10.1

**Exhibit 10.1**

Dated January 20, 2026

Between

**SAGTEC GROUP SDN BHD**

**(REGISTRATION NO.: 201801021489 (1283508-P))**

**("Funder")**

And

**STATEIGHT SDN BHD**

**(REGISTRATION NO.: 201001024541 (908403-H))**

**("Developer")**

**PROJECT FUNDING AGREEMENT**

**This Project Funding Agreement** ("**Agreement**"**)** is dated January 20, 2026.

<u>**BETWEEN:**</u>

(1) **SAGTEC GROUP SDN BHD (Registration No.: 201801021489 (1283508-P)),** a company incorporated in
 Malaysia with its registered address at [No.64, Jalan Besar Kepong, Pekan Kepong, 52100 Kuala
 Lumpur] **("Funder");** 

**AND**

(2) **STATEIGHT SDN BHD (Registration No.: 201001024541 (908403-H)),** a company incorporated in Malaysia
 with its registered address at [No. 23, Jalan Merbau Impian 1, Taman Impian, 28300 Triang,
 Pahang] **("Developer").** 

<u>**RECITALS**</u>

(A) The
 Developer has obtained a master development order *(Kebenaran Merancang)* from the Sepang
 Municipal Council **("MP Sepang")** dated 25 April 2024 **("Master Development Order'')** for the development of a landed strata housing scheme
 (in two (2) phases) comprising:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) eighty-four
 (84) units of townhouses (20' - 40' x 75'); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) one
 (1) unit of electrical substation,

(collectively, the **"Master Development"),** to be built on a piece of land held under master title [Lot 688, Pekan Sg. Pelek, Mukim Sepang, Daerah Sepang, Selangor Darul Ehsan] **("Project Land").**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Phase
 1 of the Master Development has been completed by the Developer on [\*\*\*] and the Developer
 now intends to proceed with Phase 2 of the Master Development.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) By
 a letter of approval dated 25 June 2025, MP Sepang has approved the building plans for Phase
 2 of the Master Development ()"**Approved Building Plan"),** comprising:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) thirteen
 (13) units of Garden Villa (40' x 75');

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) thirteen
 (13) units of Type A Town Houses *(Rumah Bandar Jenis A)* (20' x 75'); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) thirteen
 (13) units of Type B Town Houses *(Rumah Bandar Jenis B)* (20' x 75').

For the purposes of this Agreement, Phase 2 of the Master Development shall hereinafter be referred to as the **"Project".** A copy of the Approved Building Plan is annexed hereto as <u>**Annexure 1.**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) The
 Developer has requested, and the Funder has agreed, to advance to the Developer the Fund
 (as defined herein), upon the terms and conditions set out in this Agreement, for the purpose
 of facilitating the construction and development of the Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) The
 Parties acknowledge and agree that the Funder has entered into this Agreement in reliance
 upon, *inter alia,* the validity, subsistence and continued enforceability of the Master
 Development Order, the Approved Building Plan and all other material approvals, consents,
 licences and permits relating to the Project, which shall remain valid and in full force
 and effect throughout the tenure of this Agreement.

<u>It **is agreed as follows:**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>1.</u>  **<u>DEFINITIONS</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 In
 this Agreement, unless the context otherwise requires the following expressions shall bear
 the following meanings:

---

| | |
|:---|:---|
| **Agreement** | means this project funding agreement made between the Funder and the Developer wherein the Funder has agreed to advance to the Developer the Fund in accordance with the terms herein, as may be amended by the parties hereto in accordance with the terms herein from time to time; |
| **Approved Building Plan** | has the meaning as defined in Recital (C); |
| **Business Day** | means a day (excluding Saturday, Sunday and Public Holidays) on which banks are open for business in Kuala Lumpur and Selangor; |
| **Encumbrances** | means all and any claim, charge, lien, caveat, encumbrance, easement, interest and/or restraint whatsoever which prevent the dealing of the Land and for this purpose, "dealing" shall have the same meaning as defined under the National Land Code 1965; |
| **Event of Default** | means any event specified in Clause 8.1; |
| **Fund** | means the sum of **Ringgit Malaysia Two Million Six Hundred Sixty-Six Thousand Six Hundred Sixty-Six (RM2,666,666.00)** to be made available by the Funder in favour of the Developer upon the terms and conditions herein contained and where the context permits or requires; |
| **Existing Shareholder** | means [Kekal Development Sdn Bhd & Chia Jian Xiang], the existing shareholder of the Developer who holds [250,000] ordinary shares in the Developer, representing hundred per cent (100%) of the issued share capital of the Developer; |
| **Funder's Units** | has the meaning as defined in Clause 4.1.1; |
| **Master Development** | has the meaning as defined in Recital (A); |
| **Permitted Purpose** | has the meaning as defined in Clause 2.3.1; |
| **Project** | has the meaning as defined in Recital (C); |
| **Project Land** | has the meaning as defined in Recital (A); |
| **Share Charge** | has the meaning as defined in Clause 4A.1; |
| **Tenure** | has the meaning as defined in Clause 2.2.1; and |
| **Warranties** | means all statements of fact herein and the representation and warranties set out in Schedule 1 or otherwise as provided in this Agreement. |

---

<u>2.</u>  **<u>The Fund</u>** 

*2.1* *Fund* 

At the request of the Developer, the Funder is agreeable to make available the Fund to the Developer, subject to the terms and conditions contained herein.

*2.2* *Tenure* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1 Subject
 always to the Funder's right to recall the Fund pursuant to the provisions in this
 Agreement, the tenure of the Fund shall expire on the earlier of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 date on which the Certificate of Completion and Compliance (CCC) is issued by the relevant
 authority in respect of the Project or the relevant phase of the Project (as applicable);
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 date falling forty (40) months from the date of the first disbursement of the Fund,

**("Tenure").**

*2.3* *Purpose* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.1 The
 Developer shall utilise the Fund strictly and solely for the purpose of construction, development
 and such other project-related costs of the Project (or for such other purposes as may be
 permitted by the Funder in writing) **("Permitted Purpose").** The Funder
 shall be entitled to request reasonable information on utilisation of the Fund, and the Developer
 shall promptly provide such information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.2 Notwithstanding
 the foregoing provisions and for the avoidance of any doubt, the rights of the Funder shall
 not be prejudiced, waived, diminished, reduced or affected in any manner whatsoever by reason
 that all or any part of the Fund is utilised by the Developer for any purpose other than
 the Permitted Purpose (whether or not the Funder has notice of that fact).

<u>3.</u> <u>**Disbursement of the fund**</u> 

3.1 The
 disbursement of the Fund shall be subject to the satisfaction (or waiver in writing by the
 Funder) of the following conditions precedent within seven (7) days from the date of this
 Agreement **("Conditions Fulfilment Period"):** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 the
 execution and delivery of this Agreement and the security document(s) in respect of the Share
 Charge, in form and substance satisfactory to the Funder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 the
 completion of legal, financial and such other due diligence as the Funder may require on
 the Developer and the Project, with results satisfactory to the Funder, including verification
 of the Developer's legal and beneficial interests in the Project Land and its capacity
 and authority to undertake the Project (including, without limitation, the Developer's
 developer's licence and the development order granted for the Project).

3.2 The
 Funder shall disburse the Fund to the Developer within seven (7) days from the date when
 all the Conditions Precedent (other than the conditions which have been waived by written
 agreement of the Lender) have been fulfilled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 If
 any Condition Precedent is unfulfilled by the expiration of the Conditions Fulfilment Period,
 the Funder may terminate this Agreement by giving written notice to the Developer and thereafter,
 this Agreement shall forthwith terminate and neither Party shall have any further claim against
 the other pursuant to this Agreement save for any antecedent breach.

<u>4.</u>  **<u>Repayment of Fund</u>** 

*4.1* *Repayment of Fund* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*4.1.1* *Transfer of Units* 

The Parties hereby agree that the Developer shall repay the Fund in full on or before the expiry of the Tenure by transferring to the Funder the following completed residential units within the Project (collectively, the **"Funder's Units"):**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) six
 (6) units of Town Houses *(Rumah Bandar),* comprising three (3) Type A units of [1500] sq. ft. each and three (3) Type B units
 of [1500] sq. ft. each; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) two
 (2) units of Garden Villas of [3000] sq. ft. each,

provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 size of each individual Funder's Unit may vary by not more than plus or minus **[two percent (±2%)]** of its specified size **("Permitted Tolerance");** and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each
 Funder's Unit shall be of no less favourable location, orientation, layout and specifications
 than comparable units offered for sale to third-party purchasers in the Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*4.1.2* *Shortfall in Size* 

If any Funder's Unit falls short of Permitted Tolerance **("Shortfall"),** the Funder shall be entitled, at its absolute discretion, by written notice to the Developer, to require the Developer to either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) deliver
 such additional unit(s) acceptable to the Funder as may be necessary to fully make up the
 Shortfall; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) pay
 the shortfall in cash calculated using the following formula:

*Cash Shortfall* = *Difference in size (in sq. ft.) x Average Sale Price per sq. ft.*

For the purpose of this Clause, **"Average Sale Price per sq. ft."** shall mean the average transacted price per sq. ft. (net of rebates, incentives and discounts) of comparable units within the Project as at the date of calculation, as reasonably determined by the Funder, and such determination shall be final and binding in the absence of manifest error.

For the avoidance of doubt, all transaction costs (including stamp duty and legal fees) chargeable for the assignment and/or transfer of the Funder's Units in favour of the Funder shall be borne by the Developer.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*4.1.3* *Meaning of "Transfer"* 

For the purposes of Clause 4.1.1, "transfer" of a Funder's Unit shall only be deemed completed when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 valid and enforceable sale and purchase agreement, deed of assignment (by way of transfer)
 (and/ or other relevant transfer instruments) have been executed in favour of the Funder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) vacant
 possession of the relevant Funder's Unit has been delivered to the Funder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 relevant strata title or individual title (as applicable) has been issued and duly transferred
 and registered in the name of the Funder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Funder has obtained both legal and beneficial ownership of the relevant Funder's Unit
 free from all encumbrances, liens, caveats and third-party interests; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all
 instruments of transfer have been duly stamped, lodged and registered, with all supporting
 title documents delivered to the Funder.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*4.1.4* *Cash Repayment Fallback* 

If the Developer fails, is unable or refuses to transfer all or any of the Funder's Units on or before the expiry of the Tenure:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Funder shall be entitled, by written notice to the Developer, to require the Developer to
 immediately repay the Fund in full in cash within seven (7) days of such notice; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such
 cash repayment shall be without prejudice to the Funder's rights to enforce any security,
 to claim damages, to seek specific performance or injunctive relief and exercise any other
 rights available at law or under this Agreement.

 

*4.2* *Interest* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.1 There
 shall be no interest chargeable on the Fund, provided that the Fund is repaid in accordance
 with Clause 4.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.2 *Late Delivery Interest* 

If the Developer fails to transfer all or any of the Funder's Units on or before the expiry of the Tenure, the Developer shall pay to the Funder interest on the Fund at the rate of [eight percent (8%)] per annum, calculated on a daily basis from the expiry of the Tenure until the actual date of delivery of the Funder's Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*4.2.3* *<u>Late Payment Interest</u>* 

If the Developer fails to repay the Fund in cash immediately upon written demand by the Funder pursuant to Clause 4.1.4, the Developer shall pay to the Funder interest on the outstanding Fund at the rate of [eight percent (8%)] per annum, calculated on a daily basis from the date of such demand until the date of actual payment in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.4 Any
interest payable pursuant to Clauses 4.2.2 or 4.2.3 shall be deemed to be a debt immediately due and payable by the Developer to the
Funder and shall be recoverable without prejudice to any other rights or remedies available under this Agreement or at law. For the avoidance
doubt, the interests chargeable pursuant to Clauses 4.2.2 or are default charges and not interest on the Fund, and are intended solely
as agreed liquidated damages and compensation to the Funder for the Developer's delay in delivery/ repayment,
and shall not be construed as consideration for the lending or advancement of money within the meaning of the Moneylenders Act 1951.

---

| | |
|:---|:---|
| <u>**4A.**</u> | <u>**Security**</u> |

---

---

| | |
|:---|:---|
| 4A.1 | As security for the due and punctual performance of all obligations of the Developer under this Agreement, the Developer shall cause and procure that the Existing Shareholder grants in favour of the Funder a third party share charge over fifty per cent (50%) of his shares in the Developer **("Share Charge").** |

---

---

| | |
|:---|:---|
| 4A.2 | The Share Charge shall constitute a continuing security and shall remain in full force and effect until all obligations of the Developer under this Agreement have been irrevocably and unconditionally discharged in full. |

---

4A.3 The security created pursuant to this Clause shall be in addition to and without prejudice to any other rights or remedies of the Funder under this Agreement or at law.

4A..4 Upon the occurrence of an Event of Default, the Funder shall be entitled, without further notice, to enforce the Share Charge in such manner as it deems fit.

<u>5.</u> <u>**Undertakings of the Developer**</u> 

*5.1* *Affirmative Covenants* 

The Developer hereby undertakes and covenants with the Funder that, at all times during the continuance of this Agreement and so long as there are monies due, owing and payable by the Developer to the Funder under this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>**Ranking**</u> **:** the liabilities of the Developer under this Agreement shall rank in priority to all other
 unsecured liabilities (both actual and contingent) of the Developer except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) liabilities
 which are subject to liens or rights of set off arising in the normal course of trading;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) liabilities
 which are preferred solely by Malaysian law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) liabilities
 which have been disclosed and agreed to by the Funder in writing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>**Consents**</u> **:** the Developer shall
 obtain and promptly renew from time to time, and shall promptly deliver to the Funder certified
 copies of any authorisation, approval, consent, licence, exemption, registration, recording,
 filing or notarisation as may be necessary or desirable to ensure the validity, enforceability
 or priority of the liabilities and obligations of the Developer or the rights of the Funder
 under this Agreement and the Developer shall comply with the terms of the same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>**Default**</u> **:** the Developer shall forthwith notify the Funder of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 occurrence of any Event of Default immediately upon the Developer becoming aware of its occurrence
 or that such Event of Default is likely to occur;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 commencement of any litigation, arbitration or administrative proceedings concerning the
 Developer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 occurrence of any material and adverse change in the assets, business, revenues or financial
 condition or prospect of the Developer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any
 other occurrence of which the Developer becomes aware which in the reasonable opinion of
 the Developer might adversely affect the ability of the Developer to fully comply with the
 obligations of the Developer hereunder,

and the Developer shall provide the Funder with full details of any steps which the Developer is taking, or is considering taking, in order to remedy or mitigate the effect thereof or otherwise in connection with it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>**Compliance**</u> **:** the Developer shall utilise the Fund solely for the Permitted Purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>**Obligations**</u> **:** the Developer shall timeously perform and carry out any and all of the obligations of the
 Developer under this Agreement, including, but not limited to, prompt and punctual payments
 of all monies due hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>**No Disposal or Encumbrance**</u> **:** the Developer shall not, without the prior written consent of the Funder, sell, transfer, assign, charge, encumber or otherwise
 dispose of or create any security interest over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Project Land or any part thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 of the Funder's Units;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>**Funder's Units**</u> **:** the Developer shall ensure that the Funder's Units are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) reserved
 exclusively for the Funder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) not
 sold, offered for sale, pledged, charged or otherwise encumbered in favour of any third party;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) completed
 and transferred free from all encumbrances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>**Change in Shareholding and Control**</u> **:** the Developer shall not permit any change in its shareholding structure, control or management, nor permit the Existing Shareholder
 to transfer, encumber or otherwise deal with his shares in the Developer (including the charged shares), without the prior written
 consent of the Funder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>**Maintenance of Approvals**</u> **:** the Developer shall maintain in full force and effect all development orders, building plans, licences and approvals required for
 the Project and shall not amend, surrender or vary the same without the prior written consent of the Funder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>**Progress Reporting**</u> **:** the Developer shall provide the Funder with periodic written updates on the construction progress of the Project and the Funder's
Units at such intervals and in such form as the Funder may reasonably require.

*5.2* *Roles and Responsibilities of the Developer* 

The Developer hereby covenants with the Funder that it shall at its own costs and expenses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) apply
 and maintain all necessary approvals, licenses and permits in its capacity as the developer
 for the purpose of the Project;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) assume
 the role of developer for the Project, including but not limited to, overseeing, managing
 and exercising sole control over the entire management of the Project (including but not
 limited to project management, sales and marketing, and such other functions which are necessary
 or required for the Project's appraisal, design, commencement, construction and completion);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) manage
 and implement the development of the Project including but not limited to the appointment
 of any contractor, consultant, suppliers and/or subcontractor in relation thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) design,
 develop, build and complete the Project;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) operate
 and maintain the Housing Development Account of the Project;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) pay
 all costs and expenses required in fulfilling its duties, obligations and responsibilities
 as set out in this Agreement without delay upon demand by the Appropriate Authorities or
 any relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) manage
 the Project during the developer management period in accordance with the Strata Management
 Act 2013;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) prior
 to the commencement of any work under this Agreement, to effect and maintain, and shall cause
 any contractor or sub-contractor, whether nominated or otherwise, to effect and maintain,
 such sufficient insurance as are necessary to the Developer, or to any such contractor or
 sub-contractor, as the case may be, in respect of personal injuries or death arising out
 of or in the course of or by reason of the execution of the Project and in respect of injury
 or damage to property, real or personal, arising out of or in the execution of the Project
 and caused by any negligence, omission, breach of contract or default of the Developer or
 any contractor or sub-contractor, whether nominated on otherwise, or of any servants or agents
 of the Developer or any such contractor or sub-contractor whether nominated or otherwise,
 with a copy of the insurance policy being extended to the Funder. Such insurance shall be
 maintained until completion of the Project; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) procure
 and maintain throughout the duration of the Project, a valid Housing Developer License issued
 by the Ministry of Housing and Local Government pursuant to the Housing Development (Control
 and Licensing) Act 1966.

5.3 Any
 breach of this Clause 5 shall constitute an Event of Default for the purposes of Clause 8.

<u>6.</u> <u>**Representation and Warranties**</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 The
 Developer hereby represents and warrants to the Funder that the information and statements
 set out in the Warranties in this Agreement are true, accurate and correct in all respects
 at the date of this Agreement and will continue to be so at all times during the continuance
 of this Agreement.

6.2 The
 Developer acknowledges that the Funder has entered into this Agreement and has made available
 the Fund in reliance on the truth, accuracy and correctness of the Warranties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 Each
 of the Warranties is separate and is to be construed independently of the others and is not
 limited by reference to any of the others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 If
 the Developer shall become aware, or reasonably ought to be aware, of any event which occurs
 or matter which arises which results or may result in any of the Warranties being unfulfilled,
 untrue, misleading or incorrect, the Developer shall immediately notify the Funder in writing
 fully thereof.

<u>7.</u> <u>**Payments**</u> 

*7.1* *By the Developer* 

All payments to be made by the Developer to the Funder or for the account of the Funder under this Agreement, shall be made in Ringgit Malaysia not later than 11.30 a.m. (Kuala Lumpur time) on the relevant day to the Funder's account as advised by the Funder in writing and notified to the Developer from time to time.

7.2 *Withholdings* 

All payments which are to be made by the Developer under this Agreement shall be made in full and without any deduction or withholding (whether in respect of set off, counterclaim, duties, taxes, interests or otherwise) <u>UNLESS</u> such deduction or withholding is required by law, in which case the amount payable by the Developer shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Funder receives and retains a net amount equal to the sum which the Funder would have received and so retained had no such deduction or withholding been made or required to be made.

*7.3* *Date* 

If any payment would otherwise be due on a day which is not a Business Day, it shall be due on the preceding Business Day.

<u>8.</u>  **<u>Default</u>** 

*8.1* *Events of Default* 

An Event of Default shall be deemed to have occurred for the purposes of this Agreement in the event that any of the following takes place:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.1 <u>failure to deliver Funder's Units</u>: the Developer
 fails to deliver any of the Funder's Units on or before the expiry of the Tenure, or delivers units smaller than the nominal
 size minus the permitted ±2% variation, and such failure is not remedied
 within [thirty (30)] days of written notice by the Funder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.2 <u>non-payment</u>:
 the Developer fails to pay any amount due and owing to the Funder (including, without limitation, the Fund) under this Agreement
 whether formally demanded by the Funder or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.3 <u>other default</u>: the Developer commits a breach or fails to
duly and punctually perform or comply with any of its obligations under this Agreement which, in the opinion of the Funder is not capable
of being remedied, or which, in the written opinion of the Funder, is capable of being remedied, is not remedied to the Funder's
satisfaction within seven (7) days from the receipt of written notice from the Funder requiring **it** to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.4 <u>receiver</u>:
a receiver, receiver and manager, trustee or similar officer is appointed in respect of all or any part of the assets, business or revenues
of the Developer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.5 <u>arrangements with creditors</u>: the Developer enters into or seeks
 to enter into any assignment for the benefit of, or other arrangement with, its creditors or any class of creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.6 <u>regulatory licences</u>: the Developer loses or ceases to hold any
material approval, license, development order or other authorization required to undertake the Project; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.7 <u>material adverse change</u>: there occurs a material adverse change
in the Developer's financial condition or in the Project which, in the reasonable opinion of the Funder, affects the Developer's
ability to perform its obligations under this Agreement or to complete the Project.

*8.2* *Consequences* 

Upon the happening of an Event of Default as described in the Clause 8.1, all monies and obligations of the Developer under this Agreement (including the Fund) shall become due and immediately payable to the Funder, whereupon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1 the
 Developer shall immediately pay the Fund to the Funder whether demanded or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2 the
 Funder shall become entitled to forthwith recover the Fund and to exercise the rights and
 powers upon default contained in this Agreement and by law in such manner as the Funder deems
 fit without any previous notice to or concurrence on the part of the Developer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.3 without
 prejudice to any other rights or remedies, the Funder shall be entitled to enforce the Share
 Charge immediately, in such manner as it deems fit, without any reference to, consent from,
 or further act by the Existing Shareholder.

**<u>9.</u>** <u>**Severability**</u> 

9.1 If
 one or more of the provisions shall be invalid, illegal or unenforceable in any respect under
 any applicable law or decision, the validity, legality or enforceability of the remaining
 provisions contained herein shall not be affected or impaired in any way.

9.2 The
 Developer shall, in any such event, execute such additional documents as the Funder may reasonably
 request in order to give valid, legal and enforceable effect to any provision which is determined
 to be invalid, illegal or unenforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 If
 any provision shall be void, illegal or unenforceable but would be valid and enforceable
 if read down, then that provision shall be read down to the extent necessary to render the
 provision valid and enforceable.

**<u>10.</u>** <u>**General**</u> 

 

*10.1* *Notices* 

A notice or other communication including, but not limited to, a request, demand, consent or approval to or by a party to this Agreement must be in legible writing and in English addressed to such addressed as may be notified by the parties in writing.

 

*10.2* *Governing Law and Jurisdiction* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.1 This
 Agreement is governed by the laws of Malaysia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2 The
 parties irrevocably submit to the non-exclusive jurisdiction of the courts of Malaysia.

 

*10.3* *Enforceability* 

Any provision of, or the application of any provision of, this Agreement which is void, illegal or unenforceable in any jurisdiction does not affect the validity, legality or enforceability of that provision in any other jurisdiction or of the remaining provisions of this Agreement in that or any other jurisdiction.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*10.4* *Irregularities* 

This Agreement shall be binding on the Developer notwithstanding that the borrowing or incurring of liabilities under this Agreement may be invalid or in excess of the powers of the Developer or where the Developer is a corporation, of any director, attorney, agent or other person purporting to borrow or act on behalf of the Developer and notwithstanding any irregularity in such borrowing or the incurring of such liabilities, as the case may be.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*10.5* *No Waiver, Cumulative Remedies* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5.1 Waiver
 of any breach of this Agreement or of any right, power, authority, discretion or remedy arising
 upon a breach of or default under this Agreement, must be in writing and signed by the party
 granting the waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5.2 A
 breach of or default under this Agreement is not waived by any failure or delay in exercising
 or partial exercise of any right, power, authority, discretion or remedy under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5.3 A
 right, power, authority, discretion or remedy created or arising upon a breach of or default
 under this Agreement is not waived by any failure or delay in the exercise, or a partial
 exercise, of that or any other right, power, authority, discretion or remedy.

*10.6* *Amendments* 

None of the terms or provisions of this Agreement may be altered, modified or amended except by an instrument in writing, duly executed by the Funder.

 

*10.7* *Further Assurances* 

If requested by the Funder from time to time to do so, the Developer shall at the own expense of the Developer promptly do, execute and deliver, and cause any relevant third person to do, execute and deliver, all such other and further acts, documents and instruments as are required or, in the opinion of the Funder, desirable to complete or for more satisfactorily giving effect to this Agreement or any assignment thereof and for more fully vesting in the Funder or its assignees all rights, remedies, powers and privileges conferred or intended to be conferred in this Agreement.

 

*10.8* *Entire Agreement* 

This Agreement is the entire agreement between the parties in respect of its subject matter and supersedes all previous agreements with respect to its subject matter.

*10.9* *Costs and Expenses* 

The Developer shall bear all costs and incidental expenses (including legal fees incurred by the Funder in the granting of the Fund and the preparation and negotiation of this Agreement.

*10.10* *Counterpart Execution* 

This Agreement may be executed in any number of counterparts each of which shall be deemed an original and all of such counterparts shall constitute one and the same instrument.

 

*10.11* *Time of the Essence* 

Time wherever mentioned in this Agreement shall be of the essence.

 

*10.12* *Assignment* 

The Funder shall be entitled to novate, assign or otherwise transfer any of its rights, obligations or liabilities whether under this Agreement or any part thereof to any party in any manner whatsoever and upon such terms and conditions acceptable to the Funder, in its absolute discretion, without the consent of the Developer. The Developer shall not transfer or otherwise assign any of the obligations or liabilities of the Developer hereunder or any part thereof to any party without the prior written consent of the Funder.

*10.13* *Successors* 

This Agreement and all obligations of the Developer hereunder shall be binding upon the heirs, executors, personal representatives or successors-in-title of the Developer, and shall, together with the rights and remedies of the Funder hereunder, inure to the benefit of the Funder and its respective successors and assigns.

*10.14* *Force Majeure* 

The Funder shall not be liable for any failure on its part to perform any obligations hereunder resulting directly or indirectly from the action or inaction of any governmental or local authority or any strike, boycott, blockade, act of God, civil disturbance or cause beyond the control of the Funder.

*10.15* *Principal Instrument* 

It is hereby agreed and declared by and between the parties that for the purposes of Section 4(3) and Item 27 of the First Schedule to the Stamp Act 1949, this Agreement is instrument employed in one transaction to secure the payment of a principal amount of **Ringgit Malaysia Two Million Six Hundred Sixty-Six Thousand Six Hundred Sixty-Six (RM2,666,666.00)** only and that for the purposes of Section 4(3) and Item 27 of the First Schedule to the Stamp Act, 1949, this Agreement shall be deemed to be the principal instrument.

[the remainder of this page has been intentionally left blank]

<u>Schedule 1</u>

<u>Warranties (Clause 6)</u>

The Developer hereby represents and warrants to the Funder as set forth below:

1. the
 Developer has full power and authority or capacity to execute, deliver and perform all of
 its obligations under this Agreement at all times during the validity of this Agreement and
 that in so doing the Developer will not contravene any law nor breach any contractual obligation
 on the Developer's part with regard to the Project Land;

2. the
 Developer is the legal and beneficial owner of the Project Land and has good, valid and indefeasible
 title thereto, free from any trust, adverse claim or competing interest, save as expressly
 disclosed to and approved by the Funder in writing;

3. that
 the Developer is a corporation duly incorporated under the laws of Malaysia and the Developer
 holds a Housing Developer License issued by the Ministry of Housing and Local Government
 pursuant to the Housing Development (Control and Licensing) Act 1966;

4. all
 consents, licences, approvals, authorisations and orders of any public or governmental authority
 or agency or creditors or shareholders or directors which are required or which are expedient
 or which are advisable for or in connection with the borrowing by the Developer, the financing
 by the Funder, the utilisation and repayment of the Fund and the execution, delivery, performance,
 legality or enforceability of this Agreement have been obtained and are in full force and
 effect and any conditions contained therein or otherwise applying thereto have been duly
 complied with;

5. this
 Agreement constitutes (or will, when executed and delivered, constitute) legal, valid and
 binding obligations of the Developer enforceable against it in accordance with its terms
 and conditions;

6. there
 are no outstanding notices, orders, requirements or, schemes of any federal, state, local
 government, authority or statutory body which will prejudicially or adversely affect the
 present use or continue use of the Project Land for the Project or which will subject the
 Developer or its successors-in-title to any onerous charge or liability concerning such use;

7. the
 Developer is not in default of any conditions, covenants, restrictions and category of land
 use, expressed or implied, binding on the Project Land;

8. there
 is presently no legal proceeding or claim of any kind in respect of the Project Land or of
 a nature that will affect the Project Land;

9. the
 Project Land or any part thereof is not subject to any acquisition or intended acquisition
 by the federal government or any other authority having the power to carry out such acquisition
 under the Land Acquisition Act 1966 or any other related legislation thereto;

10. the
 Project Land is free from all Encumbrances as of the date of this Agreement and the Developer
 shall not encumber or deal with the Project Land in any way after the date of this Agreement
 save and except as expressly provided in this Agreement or otherwise, with the consent by
 the Funder;

11. as
 at the date of this Agreement, there is no litigation, arbitration, or administrative proceedings
 are presently current, or pending, or threatened and which default, litigation, arbitration
 or administrative proceedings, as the case may be, might adversely affect its solvency or
 might affect its ability to perform its obligations under this Agreement;

12. as
 at the date of this Agreement, there is no liquidation or winding up proceedings have been
 commenced against the Developer and no steps have been taken or are being taken to appoint
 a receiver, receiver and manager, or liquidator to take over or to wind up the Developer;

13. that
 all the information set out in the Recital hereof are true, correct and complete narration
 of the sequence of documentation and transaction regarding the Project Land;

14. that
 there are no material facts or circumstances in relation to the Project Land within the knowledge
 of the Developer which have not been fully disclosed to the Funder and which if disclosed,
 may reasonably be expected to affect the decision of the Funder in entering into this Agreement.

 

*>*

<u>**In Witness whereof**</u> the parties hereto have executed this Agreement the day and year first above stated.

---

| | |
|:---|:---|
| Signed by) | ![](ex10-1_001.jpg) |
| for and on behalf of) | ![](ex10-1_001.jpg) |
| **SAGTEC GROUP SDN BHD**) | ![](ex10-1_001.jpg) |
| **(REGISTRATION NO. 201801021489**) | ![](ex10-1_001.jpg) |
| **(1283508-P))** | ![](ex10-1_001.jpg) |
| in the presence of:) |  |

---

---

| | | | |
|:---|:---|:---|:---|
| /s/Zuria Hajar binti Mohd Adnan | /s/Zuria Hajar binti Mohd Adnan | /s/ Ng Chen Lok | /s/ Ng Chen Lok |
| Witness | Witness | **Authorised Signatory** | **Authorised Signatory** |
| Name: | Zuria Hajar binti Mohd Adnan | Name: | Ng Chen Lok |
| NRIC No.: | 930305 - 03 - 6524 | NRIC No.: | 870203 - 06 - 5701 |
|  |  | Designation: | Director |

---

---

| | |
|:---|:---|
| Signed by) | ![](ex10-1_002.jpg) |
| for and on behalf of) | ![](ex10-1_002.jpg) |
| **STATEIGHT SDN BHD**) | ![](ex10-1_002.jpg) |
| **(REGISTRATION NO. 2010024541**) | ![](ex10-1_002.jpg) |
| **(908403-H))** | ![](ex10-1_002.jpg) |
| in the presence of:) |  |

---

---

| | | | |
|:---|:---|:---|:---|
| /s/ Phun See Ying | /s/ Phun See Ying | /s/ Hong Huei Hou | /s/ Hong Huei Hou |
| Witness | Witness | **Authorised Signatory** | **Authorised Signatory** |
| Name: | Phun See Ying | Name: | Hong Huei Hou |
| NRIC No.: | 060306 - 08 - 1152 | NRIC No.: | 900116 - 14 - 6583 |
|  |  | Designation: | Manager |

---

**ANNEXURE 1**

**APPROVED BUILDING PLAN**

## Exhibit 99.1

**Exhibit 99.1**

**Sagtec Global Limited Announces Project Funding <br> Participation in 84-Unit Residential Township with AI <br> Smart Home Integration**

KUALA LUMPUR, MALAYSIA, February 03, 2026 (GlobeNewswire) – Sagtec Global Limited ("Sagtec" or the "Company"), a technology solutions provider specialising in smart and digital innovations, is pleased to announce that it has entered into a project funding agreement with a local property developer in relation to a residential township development comprising 84 townhouse units.

Under the terms of the agreement, Sagtec has committed project funding of approximately RM7.6 million (approximately US$1.93 million), subject to agreed drawdown conditions, to support a defined phase of the development. Repayment of the funding is structured through the transfer of specified completed residential units and/or cash settlement, calculated by reference to the realised or assessed sale value of comparable units within the project. The agreement includes customary security arrangements, including charges over shares in the project developer, to secure Sagtec's interests. The arrangement does not involve Sagtec assuming development or construction responsibilities and does not constitute a joint venture or partnership.

**Project Overview**

The project involves the development of 84 townhouse units, designed to meet modern residential living standards. The development is expected to benefit from strong demand for landed residential properties, supported by strategic location planning, efficient layouts, and modern infrastructure.

**AI Smart Home Solution Integration**

Separately from the funding arrangement, Sagtec is expected to act as the AI Smart Home solutions provider for the project, subject to agreement between the parties on the final scope and commercial agreements. The Company will deploy its proprietary and integrated smart living technologies, which may include intelligent home automation systems, energy management solutions, security and access control systems, and AI-enabled monitoring features.

The integration of AI Smart Home solutions is expected to:

● Enhance the overall value proposition of the residential units

● Improve energy efficiency and security for homeowners

● Differentiate the project within a competitive residential property market

● Strengthen Sagtec's position as a smart technology solutions provider in the real estate sector

**Strategic Rationale**

This project marks an important milestone in Sagtec's strategy to expand the application of its technology solutions beyond traditional sectors and into smart real estate development. By combining property development participation with technology deployment, the Company aims to create sustainable, scalable revenue streams while showcasing real-world use cases of its AI Smart Home ecosystem.

**Financial Impact**

The Company expects this project to contribute positively to its future earnings through returns realised under the project funding arrangement, subject to completion, unit transfer, and/or cash settlement under the agreement; and potential additional revenue from the provision and implementation of AI Smart Home solutions, if and when contracted.

The project is expected to be undertaken in phases, with revenue and profit contributions recognised progressively in accordance with applicable accounting standards.

**Outlook**

Sagtec remains committed to pursuing strategic collaborations that align with its long-term growth objectives. The Company continues to explore opportunities that combine technology innovation with high-growth sectors, including property development, smart cities, and digital infrastructure.

**About Sagtec Global Limited**

Sagtec Global Limited (NASDAQ: SAGT) is a leading provider of digital transformation and SaaS solutions, empowering over 12,000 businesses across Southeast Asia with the tools to enhance efficiency, automation, and market competitiveness. For more information on the Company, please log on to https://www.sagtec-global.com/.

**About Stateight Sdn Bhd**

Stateight Sdn Bhd is a Malaysian property development company focused on residential real estate projects, including the planning, construction, and delivery of contemporary housing solutions. With a track record in developing quality township and landed housing developments, Stateight partners with stakeholders to create sustainable communities that meet modern living standards. For more information on the company and its projects, visit its official channels and corporate profiles.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations, estimates and projections about its business, industry and future results, and involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements may include, but are not limited to, statements regarding the expected scope, performance, timing and benefits of the Platform, the Company's ability to deliver the project as contemplated, and the anticipated impact of the agreement on the Company's business and financial condition. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

**Contact Information:**

**Sagtec Global Limited Contact:**

Zainab Fateema binti Mustafa

Head of Public Relations & Corporate Affairs

Telephone +6011-6217 3661

Email: info.pr@sagtec-global.com