Reference is made to the JVSA dated 10 December 2020, where the parties referred to in the JVSA as BDB Land Sdn Bhd and Menteri Besar Kedah Incorporated had executed the JVSA to regulate their relationship inter se as shareholders in the joint venture company. Due to the business restructuring, BDB Land Sdn Bhd, Bina Darulaman Berhad and Menteri Besar Kedah Incorporated have agreed to enter into a tripartite novation agreement whereby BLSB has been discharged as the shareholder of the JV Co. and is replaced by BDB as the new shareholder. Both MBI and BDB have given their consent to BLSB novating its obligations. As the new shareholder and party to the JVSA, BDB shall observe, perform, discharge, and bound by the terms, conditions, and covenants of the JVSA including the liabilities and obligations which were previously obligated on BLSB as spelt out in the JVSA. The entire JVSA remains in full force and effect and the Novation Agreement dated 1 August 2021 executed by the Parties is a supplemental to the JVSA. The terms and conditions of this Supplemental Agreement represent the entire agreements between the parties relating to the novation of this Agreement and all the terms and conditions of the JVSA remain in full force and effect and shall be observed by both BDB and MBI respectively. BDB and MBI have agreed, pursuant to the Variation Agreement dated 1 August 2021 entered into by both parties, to reduce the initial paid up capital of the JV Co. from RM 300,000.00 to RM 100,000,00.