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BOARD RESOLUTION OF BKAVE SDN. BHD. (202401022781 (1568630-A)
Resolution for the Transfer of Lease, Security Deposits, and Related Rights to VIVA DE SPA SDN. BHD. (202401024700 (1570549-U)
At a meeting of the Board of Directors of BKAVE SDN. BHD. (202401022781 (1568630-A) ("the Company") held on 12/11/2026 at Viva Shopping Mall, the following resolutions were duly passed:
WHEREAS:
| A. |
The Company is the lessee of Lease Lot 2-72 & 2-73A located at Viva Shopping Mall, No.85, Jalan Loke Yew, 55200 Kuala Lumpur under a Lease Agreement dated 15 April 2026 entered into with Viva Venture PLT (LLP0001146-LGN)("the Lessor"). |
| B. |
The shareholders and directors have approved the takeover of the Company's business relating to the leased premises by VIVA DE SPA SDN. BHD. ("the New Company"). |
| C. |
It is in the best interests of the Company to transfer its rights, interests, obligations, and benefits under the Lease Agreement to the New Company, subject to the written consent of the lessor and any approvals required by law. |
IT IS HEREBY RESOLVED THAT:
| 1. |
The Company approves the transfer and assignment of the Lease Agreement for Lease Lot No. 2-72 & 2-73A, Second Floor to VIVA DE SPA SDN. BHD. (202401024700 (1570549-U), subject to the lessor's written consent and all applicable legal requirements. |
| 2. |
Upon completion of the transfer, the New Company shall assume all rights, responsibilities, obligations, liabilities, and benefits arising under the Lease Agreement from the effective date of the transfer. |
| 3. |
All security deposits, utility deposits, Restoration Deposit and any other monies or credits held by the lessor in connection with the Lease Agreement shall be transferred or credited to the account of VIVA DE SPA SDN. BHD. (202401024700 (1570549-U) subject to the lessor's approval and applicable law.
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| Description |
Amount (RM) |
| Security Deposit |
46,229.40 |
| Utilities Deposit |
7,345.80 |
| Fit-Out Deposit |
6,000.00 |
| Restoration Deposit |
8,000.00 |
| Mailbox Deposit |
100.00 |
| Total |
67,675.20 |
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| 4. |
The Company consents to the substitution of VIVA DE SPA SDN. BHD. (202401024700 (1570549-U) as the lessee under the Lease Agreement and requests the lessor to recognise the New Company as the lawful tenant from the effective date of the transfer. |
| 5. |
Tan Kin Soon (960716-14-5095), being a Director of the Company, is authorised to execute the transfer the lease, deposits, and all related rights and obligations to VIVA DE SPA SDN. BHD. (202401024700 (1570549-U) (“the New Company”). |
| 6. |
The Board acknowledges that to VIVA DE SPA SDN. BHD. (202401024700 (1570549-U) is a separate and independent legal entity from the Company and agrees that the existing Tenancy Agreement between BKAVE SDN. BHD. (202401022781 (1568630-A) and VIVA VENTURE PLT (LLP0001146-LGN) shall be terminated by mutual agreement with effect from October 13, 2026. |
| 7. |
Any actions already taken by the Company's directors or officers in connection with the proposed transfer are hereby ratified, confirmed, and approved. |
This resolution shall take effect on October 13, 2026.
Certified as a true copy of the resolution passed by the Board of Directors.
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Director
Name: Chua Sai Wei
NRIC No.: 870202-06-5427
Date: 12/11/2026
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Director / Company Secretary
Name:
NRIC No.:
Date:
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