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SALE AND PURCHASE OF SHARES AGREEMENT
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This Share Transfer Agreement (hereinafter, "this Agreement") is made on the
15th day of June 2000.
by and between:
1. Adisatrya Suryo Sulisto, residing in Jakarta at Jalan Xxxxx nomor 9 A,
XX 000 XX 000, Xxxxxxxxx Xxxxxxxx, Kecamatan Pasar Minggu, Jakarta
Selatan, holder of KTP Number 1605.25849/050528119, acting in his
personal capacity (hereinafter referred as the "Vendor"); and
2. Alanberg Pte. Ltd, a company incorporated in Singapore having its
registered office at 00 Xxxxxxx Xxxxx #00-00, Xxxxx Xxxxxx, Xxxxxxxxx
000000 (hereinafter, the "Purchaser").
WITNESSETH
WHEREAS, the Vendor is the owner of 182,982,005 (one hundred eighty two million
nine hundred eighty two thousand and five) shares representing 91.49 % (ninety
one point forty nine percent) of the total issued shares (hereinafter the
"Shares") in the capital of PT. Jaring Data Interaktif (hereinafter the
"Company"); and
WHEREAS, the Vendor intends to transfer his shares in the Company to the
purchaser who intends to purchase the said shares in terms as set forth in this
Agreement;
NOW THEREFORE, it is agreed as follows:
Article 1
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The Vendor does hereby transfer and deliver 180,000,000 (one hundred and eighty
million) shares resenting 90 % (ninety percent) of shares to the Purchaser
(hereafter the "Sale Shares"), such transfer and delivery of the Sale Shares
being effective immediately.
Article 2
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The transfer and delivery of the Sale Shares is effected and accepted for the
price of Rp. 4,500,000,000,- (four billion five hundred million rupiah) which
has been paid in full by the Purchaser to the Vendor in cash, and this writing
shall serve as valid receipt therefore.
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Article 3
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The Purchaser hereby accepts the rights and ownership of the Sale Shares as of
the date and day of this Agreement.
Article 4
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The Vendor warrants to the Purchaser;
(a) that the Vendor is fully entitled to sell and transfer the Sale Shares;
(b) that the Sale Shares are not yet sold or transferred in whatever manner
to any third party;
(c) that all requirements specified under the Articles of Association of
the Company regarding the transfer of the Sale Shares have been met.
(d) that the Sale Shares are sold with good title and free from
encumbrances.
Article 5
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The Vendor hereby irrevocably grants a power of attorney to the Purchaser, with
the right of substitution, to cause the completion of the transfer of the Sale
Shares in accordance with the Articles of Association of the Company including
to amend the Share Register of the Company and to issue share certificates as
necessary.
The Power of attorney granted by the Vendor to the Purchaser as stated above,
forms an integral part of this Agreement, without which this Agreement would not
have been concluded and shall not be terminated by the death of the Vendor or by
any of the other reasons for the termination of a power of attorney as contained
in Article 1813, 1814, and 1816 of the Indonesian Civil Code which are hereby
waived, or for any other reason.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written in the City of Jakarta, Republic of Indonesia.
THE VENDER THE PURCHASER
/S/ Adisatrya Suryo Sulisto /S/ Alanberg Pte Ltd
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Adisatrya Suryo Sulisto Alanberg Pte Ltd
By: Xxx. Xxxx Xxxxxxxx
Director
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