EXHIBIT 10.81
DATED THIS
17 JUN 2011
DAY OF , 2011
BETWEEN
TRIO-TECH (MALAYSIA) SDN. BHD.
[ COMPANY NO. 105390-V ]
(THE VENDOR)
AND
AAEON TECHNOLOGY (M) SDN. BHD. [ COMPANY NO. 941760-T ]
(THE PURCHASER)
SALE AND PURCHASE AGREEMENT
Solicitors for the Vendor
M/S WONG LU PEEN & TUNXU ALINA
Advocates & Solicitors
No. 21-6, Block B, Boulevard Office,
Mid Valley City, Lingkaran Syed Putra,
59200 Kuala Lumpur
E-mail :
Tel No. : 03-29388811
Fax No. : 03-29388822
[Ref No.]
Solicitors for the Purchaser
M/S TAN & SIAH
Advocates and Solicitors
1st Floor, No. 7, Jalan Maju,
14000 Bukit Mertajam,
Pulau Pinang.
E-mail : 
Tel No : 04-5403168 8s 5403169
Fax No : 04-5403167
[Ref. No. ATM/ll/SSL/sf]
-1-
AN AGREEMENT made the day and year set out in Section 1 of the First Schedule
hereto Between the party whose name and description are set out in Section 2 of
the First Schedule hereto [hereinafter called "the Vendor (s)") of the one part
and the party whose name and description are set out in Section 3 of the First
Schedule hereto (hereinafter called "the Purchaser(s)") of the other part.
WHEREAS the Vendor(s) is the beneficial or registered proprietor of that
property more particularly referred to and described in Section 4 of the First
Schedule hereto (hereinafter referred to as "the said property").
WHEREAS the Vendor(s) declares that as at the date of this Agreement the said
property is free from any the charge or encumbrance,.
AND WHEREAS the Vendor(s) has agreed to sell and the Purchaser(s) has agreed to
purchase the said property for the consideration and upon the terms and
conditions hereinafter appearing.
NOW THIS AGREEMENT WITNESSETH as follows:-
1.
AGREEMENT TO SELL, AND PURCHASE
In consideration of the sum specified in Section 6 of the First Schedule hereto
now paid by the Purchaser(s) to the Vendor(s)' solicitors as deposit and part
payment towards the purchase price (the receipt whereof the Vendor(s) hereby
acknowledges), the Vendor(s) hereby agrees to sell and the Purchaser(s) hereby
agrees to purchase the said property as-is-where-is free from all encumbrances
but otherwise subject to all conditions and restrictions whether expressed or
implied contained in the document of title to the said property at the total
purchase price specified in Section 7 of the First Schedule hereto upon the
terms and subject to the conditions hereinafter appearing.
2.
MANNER OF PAYMENT
2.1
The balance purchase price of the sum specified in Section 8 of the First
Schedule hereto (hereinafter referred to as "the balance purchase price") shall
be paid in full by the Purchaser(s) to the Vendor(s) or the Vendor(s)'
solicitors on or before the time and in the manner specified in Section 9 of the
First Schedule hereto PROVIDED ALWAYS THAT The balance purchase price and all
lawful deductions or payments, shall be released or paid by the Vendor's
Solicitors to the Vendor upon the expiry of fourteen (14) days from the
presentation of later of the Transfer.
2.2
The date