2nd agm carabelle (revised so) 2

CARABELLE 2 nd Annual General Meeting 21 January 2012, 1.00 pm MCST 3442

ATTENDANCE Total Share Value 2,307 shares Required Attendance is 30% 693 shares Attendance at 1.00pm 177 share / 7.7% Attendance at 1.30pm share / % Proxy Representation shares %

GENTLE REMINDER ,[object Object],[object Object]

MEETING GROUND RULES ,[object Object],[object Object],[object Object],[object Object],[object Object]

MEETING GROUND RULES ,[object Object],[object Object],[object Object],[object Object]

AGENDA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Link to Management Report

AGENDA ,[object Object],[object Object]

& 24 of AGM document Status at end of financial year 30 Sept 2011 Statement of Accumulated Funds 30 Sept 2011 Actual Income $986,680 Actual Expenditure $1,012,742 Balance of Year End ($26,081) Deficit (after tax) Management Fund Balance $275,887 Sinking Fund Balance $13,842 TOTAL $289,729

Major Expenses in FY ending 20 Sept 2011 Page 33 of AGM document ,[object Object],[object Object],[object Object],[object Object],Items Year 2010 (08 Jan 10 to 30 Sept 10 ) Year 2011 (01 Oct 10 to 30 Sept 11) 9 months 12 months Costs Comparison Based on Amount Per Month *Cleaning Services $13,769.67 $14,526.17 *Security Services $15,705.00 $15,994.67 *Site staff cost $10,134.22 $10,395.08 *Repair & Maintenance $612.33 $12,536.00 (next slide) *Shuttle Bus Services - $3,293.92 3

Major Expenses in Repairs & Maintenance Maintenance Contract Repair & Parts 1) Lift Maintenance $56,550 Swimming Pool $3,400 2) Landscape Maintenance $38,724 Security Maintenance System $1,209 3) Swimming Pool $30,585 Maintenance & Electrical $2,406 4) Air-con Maintenance $1,260 Plumbing & Sanitary $5,815 5) Fire Protection System $1,348 Annual Washing of Water tanks $4,380 6) Security Maintenance System $2,889 Others (Generator, Gym, Licenses) $1,032 7) Others (Generator, Gym) $834 Sub Total $132,190 Sub Total $18,242 Total Expenditure ($132,190 + $18,242) / 12 = $12,536

[object Object],[object Object],[object Object],Management Fund contribution is levied in accordance to Section 39(1) of the BMSMA for the regular maintenance of common areas and keeping it in good and serviceable condition ORDINARY RESOLUTION

Proposed MF Contributions at $40 per share value (psv) ,[object Object],[object Object],[object Object],[object Object],Items Year 2011 (01 Oct 10 to 30 Sept 11) Year 2012 (01 Oct 11 to 30 Sept 12) Actual Expenses Projected Expenses Yearly Expenses $1,012,742 $1,184,740 Required MF Contribution to breakeven $36.60 psv per month $42.80 psv per month

[object Object],[object Object],[object Object],Sinking Fund contribution is levied in accordance to Sect 39(2) of BMSMA which is raised for the purposes of meeting its actual/expected liabilities for repainting, major renewal or replacements and major improvements to common property. ORDINARY RESOLUTION

Proposed SF Contributions at $6.00 per share value ,[object Object],[object Object],Available SF Balance $13,842 Expected Major Expenditure in 2 years’ time – E.g. External Repainting (expected every 5 years) Est. $500,000 Illustration of Yearly Financial Status based on proposed SF amount Proposed SF Amount 2012 2013 2014 Total $1.00 $27,684 $27,684 $27,684 $83,052 $2.00 $55,368 $55,368 $55,368 $166,104 $4.00 $110,736 $110,736 $110,736 $332,208 $6.00 $166,104 $166,104 $166,104 $498,312

[object Object],[object Object],At last AGM, the interest rate was decided at 12% per annum. The above resolution is in accordance to the Section 40(6)(b) of BMSMA. ORDINARY RESOLUTION

[object Object],[object Object],[object Object],The above resolution is in accordance to the Section 40(6)(c) of BMSMA. ORDINARY RESOLUTION

[object Object],[object Object],[object Object],The above resolution is in accordance to the Section 40(6) of BMSMA. ORDINARY RESOLUTION

AGENDA ,[object Object],[object Object],[object Object],[object Object],[object Object]

ELECTION OF COUNCIL MEMBERS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

NOMINEES S/NO Nominee Unit No Proposer Unit No Seconder Unit No 1 Harish Pillay 51#12-01 2 Tomasina Oh 61#12-19 3 Eric Tan 53#11-04 4 Casey Chua 57#01-12 5 Benny Lim 51#02-02 6 Lilian Yan 59#05-15 7 Goh Yew Soong 63#06-24 8 Donald Pereira 51#10-03 9 Liu Wenqing 53#10-20 10 11 12

NOMINEES S/NO Nominee Unit No Proposer Unit No Seconder Unit No 1 2 3 4 5 6 7 8 9 10 11 12

[object Object],[object Object],[object Object],The above resolution is in accordance to the Section 59 of BMSMA. ORDINARY RESOLUTION

[object Object],[object Object],The above resolution is in accordance to the Section 45 of BMSMA. ORDINARY RESOLUTION

[object Object],[object Object],[object Object],The above resolution is in accordance to the Section 66 of BMSMA. ORDINARY RESOLUTION

ORDINARY RESOLUTION ,[object Object],[object Object],[object Object],[object Object],[object Object],Note: The current shuttle bus service contract with M/s Sin U Lian is expiring on 31 March 2012 at $5,500 per month

SPECIAL RESOLUTIONS (75% approval) ,[object Object],[object Object],Link to Notes

SPECIAL RESOLUTIONS (75% approval) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Link to Notes

SPECIAL RESOLUTIONS (75% approval) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SPECIAL RESOLUTIONS (75% approval) ,[object Object],[object Object],[object Object],[object Object],Link to Notes

SPECIAL RESOLUTIONS (75% approval) ,[object Object],[object Object],Link to Minimart Proposal

[object Object],[object Object],AGENDA

2nd agm carabelle (revised so) 2

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