Common use of Currency of the Investment Clause in Contracts

Currency of the Investment. The Project is located as specified in Section 2 of the Appendix and the currency used in the calculation of the capital contribution of the Musharakah, the Profit Sharing Ratio and any projected return on investment thereof will be in the Indonesian Rupiah (IDR), the local currency where the Project is located. This is to determine the contribution ratio of both the Investors and the Issuer as this will make the calculation of profit based on the determined PSR more accurate. Joint Investment: The Investor may include one additional Investor to invest under this Agreement jointly: This Clause on joint investment shall be applicable only to those Investors who invest jointly under this Agreement as specified in Section 11 of the Appendix. The right to make a joint investment is considered exercised by filling the details of the additional Investor under this Agreement. Each of the Investors hereby appoints the other Investor and the other Investor accepts the appointment to act as the agent of the one another. The appointment shall continue until the termination of this Agreement. Unless otherwise stated, the terms under this Agreement shall be applicable to each Investor Jointly and severally. Each Investor’s contribution to the Commitment Amount shall be agreed upon among the Investors. Each Investor shall be entitled to the profits of the investment proportionate to his/her respective contribution therein. The Issuer shall not be liable for the distribution of the profit among Investors. Each Investor shall act as the agent of the other, and the actions of one Investor shall be representative of both Investors and binding on both Investors. In pursuance to this clause, the signature of either Investor shall amount to an acceptance of both Investors. Each Investor shall indemnify the Issuer against any claims that might arise directly or indirectly as a result of the joint investment arrangement.