Amalfi by ALAND VIP Purchase Procedure Terms & Conditions

VIP PURCHASING PROCEDURE

1. Payment of an Initial Refundable Deposit (IRD) with your Sales Executive reserves your apartment of choice for 96 hours. If you do not proceed to purchase an apartment, your IRD is fully refundable.

Due to Foreign Investment Review Board requirements, the following photo ID is required to be produced for each purchaser regardless of whether they are a Foreign Purchaser or local purchaser:

a.Passport; OR

b.Australian Drivers Licence

Important Information – Payment of an IRD does not;

• Reserve or;

• Guarantee the purchase of any specific apartment in the development; or

• Obligated you to purchase any apartment in the development.

IRD’s can be paid by electronic transfer to the below account

Initial Refundable Deposit Amount $5,000

Account Name ALAND Realty T/as ALAND Direct Sales Trust Account

Bank Macquarie Bank

BSB 182 222 Account # 304 513 534

Reference Please provide project name, IRD and surname in the reference e.g. Amalfi IRD Smith

Please provide remittance directly to your agent

2. Within 96 hours, please provide your Agent the solicitor or conveyancer details so the contract can be prepared and issued to your solicitor. We’ll have a Contract for Sale drawn up, ready to be authorised by your legal representative.

3. Contract Exchange

You will be required to exchange the contract with a 10 day cooling off period within 1 business day of the contract being issued. Your solicitor will review the contract of sale during the cooling off period.

4. Payment of the Deposit

You will have up to ten (10) business days from the date of exchange to pay the balance of the required deposit.

VIP PURCHASING PROCEDURE

Deposit Bonds or Bank Guarantees for the 10% deposit will be accepted, however, they must satisfy the following criteria;

1. Be provided by an Australian Bank licensed in Australia and meet the required rating set out in the contract.

2. Have either no expiry date or an expiry date no earlier than as stipulated in the contract

3. Be in favour of Baker 88 1 Pty Ltd

4. Reference that it is provided as the 10% deposit security for the relevant apartment

5. Otherwise be in a form approved by the vendor’s solicitor.

The vendor has sole and absolute discretion over which apartment /s are made available for sale. This includes the discretion to offer apartments for sale to the vendor’s staff and others associated with the project.

If you purchase an apartment during the VIP Launch Period and sign a binding Contract and then choose to rescind during the cooling off period, inline with legislation you will forfeit an amount of .25% of the contract price (capped at $1,000). This amount will be deducted from the IRD amount and the balance refunded to you.