- a. For existing MRCB Land Property(ies), any individual or company who purchased MRCB Land Property(ies) and duly executed the SPA will be eligible to become a Member.
- b. The membership of MLVIP will be given to the first four (4) names of Purchaser(s) listed in the SPA.
- c. The membership of MLVIP is non-transferable and non-assignable and is only for the exclusive use of the Member.
- d. The Management will issue a confirmation of membership after verification of purchase of the relevant MRCB Land Property(ies), that is SPA has been executed and a sum equivalent to at least the required minimal down payment is received by the relevant MRCB Land Branch. Upon withdrawal or cancellation thereof, membership of MLVIP may be terminated.
- e. Where a company purchases MRCB Land Property(ies) (“Company”), the membership of MLVIP will be issued directly to the Company and the Company will have their own MLVIP account.