If an Issuer fails to pay an amount due, whether interest/profit and/or principal, a grace period of 7 days (“Grace Period”) may be granted to the Issuer at BR Capital’s sole discretion.

If a Grace Period is granted and the Issuer fails to pay the overdue amount by the end of the Grace Period (“Grace Period Expiry Date”), this constitutes an event of default, and BR Capital will commence the necessary default management and recovery actions in accordance with the Investment Note terms.

In addition, after the Grace Period Expiry Date, the Issuer is required to pay the following to Investors:

• For a conventional Investment Note, a late payment interest of 3.50% per annum plus the interest rate on the overdue amount, from and including the due date up to and excluding the settlement date; or
• For an Islamic Investment Note, a late payment charge on the overdue amount at an amount and in a manner as prescribed by the Shariah Advisory Council of the Securities Commission Malaysia.

Investors may refer to the terms and conditions stated in the Investor Agreement for further details.