TERMS OF LEASE OF METROPOLITAN COMPLEX JAKARTA (AUGUST 2001 EDITION)
P.T.
Jakarta Land
TERMS
OF LEASE OF
METROPOLITAN
COMPLEX
JAKARTA
(AUGUST
2001 EDITION)
These
Terms shall be taken in conjunction with the Standard Conditions of Lease
which
jointly form the Lease Agreement but, in the event of conflict, these Terms
shall take precedence.
|
1
.
|
Date
of Agreement
|
: |
15th
March 2005
|
|
2.
|
Name
of Tenant
|
: |
INDOPACIFIC
RESOURCES JAVA LTD
|
|
3.
|
Address
|
: |
World
Trade Center 14th
Floor
|
|
|
Jl.
Jend. Sudirman Kav. 29-31, Jakarta
|
||
|
|
Phone
: 000-0000
|
| 4. |
Description
of Leased Premises
|
||||||||
|
a.
|
Building
Name
|
:
|
World
Trade Center
|
||||||
|
b.
|
Floor
Level and Position
|
:
|
14
|
||||||
|
c.
|
Net
Office Space
|
:
|
280.84
|
Sqm
|
|||||
|
d.
|
(i)
|
12.95
% of toilets and pantry
|
(93.34
|
Sqm)
|
12.08
|
Sqm
|
|||
|
(ii)
|
12.95%
of corridor
|
(177.90
|
Sqm)
|
23.03
|
Sqm
|
||||
|
e.
|
Total
area rented
|
:
|
315.95
|
Sqm
|
|||||
|
5.
|
Lease
Period :
|
Xxxxxx-six
(36)
|
months
|
months
|
|
Commencement
Date :
|
17th
June 2005
|
Expiry
Date:
|
16th
June 2008
|
|
6.
|
a.
|
Annual
Reserved Carparks
|
||||||
|
Internal
|
Nos
x US$
|
1000
|
=US$
|
|||||
|
External
|
Nos
x US$
|
500
|
=US$
|
|
b.
|
Telephone
& Telex Line Deposits
|
|||||||
|
Telephones
|
13
|
Nos
x Rp
|
0.000.000,-
|
=
Rp
|
45.000.000,-
|
|||
|
Telexes
|
Nos
x Rp
|
4.500.000,-
|
=
Rp
|
|
7.
|
Rent and Service Charge | |||||
| a. |
Rental
rate per sq. meter per month (US$)
|
:
|
7.50
|
|||
|
b.
|
Rental
payable in advance (No. of months)
|
:
|
3
|
|||
|
c.
|
Service
Charge per sq. meter per month (US$)
|
:
|
7.25
|
|||
|
d.
|
Service
Charge payable in advance (No. of months)
|
:
|
3
|
|||
|
e.
|
Security
Deposit (US$)
|
:
|
12,085.09
|
|||
|
f.
|
Rental
Review Date, if any
|
:
|
Nil
|
|||
|
g.
|
Service
Charge Review Date
|
: |
|
|||
|
8.
|
Other Items of Agreement (if any) | ||
|
The
following items have been agreed between Landlord
and Tenant
and shall supersede any other Terms and Conditions in this Lease
Agreement
but only in as much as they are inconsistent with such other Terms
and
Conditions.
|
|||
LANDLORD
AND TENANT
(as
defined in the Conditions of Lease) agree to be bound by the aforesaid Terms,
IN
WITNESS WHEREOF
they
have set their hands on the day specified in Term 1 hereof.
|
LANDLORD
( PT.JAKARTA LAND) |
TENANT
( INDOPACIFIC RESOURCES ) JAVA LTD |
||
| /s/ PT
Jakarta Land PT JAKARTA LAND |
/s/ Dwi
Hendri Yunianto DWI XXXXXX XXXXXXXX |
||
|
|
|
||
| Witness for Landlord | Witness for Tenant | ||
| /s/ signed | /s/ Xxxx Xxxxxx | ||
|
|
|
||
| XXXX XXXXXX |
P.T.
Jakarta Land
8th
Floor, Wisma Metropolitan I, Kav. 29. Jl. Jend. Sudirman, Jakarta
12930
Mailing
Address: P.O. Box 8426/JKS, Jakarta 12084, Indonesia. Cable : JAKLAND
Jakarta
Phones
: 0 0 0 0 0 0 0 (5 lines). 5 7 1 2 3 8 2 F a x : 5 2 0 7 5 8
5
ADDENDUM
TO THE LEASE AGREEMENT
between
INDOPACIFIC
RESOURCES JAVA LTD.
and
PT
JAKARTA LAND
dated
15
March 2005
This
Addendum should be read and interpreted in conjunction with the Metropolitan
Complex Terms and Standard Conditions of Lease, August 2001 Edition. Where
any
conflict exists between this Addendum and the Terms and Standard Conditions
of
Lease, this Addendum shall take precedence.
1
. Clause
15 (Page 8) - Renewal of the Lease
The
Landlord grants to the Tenant the right, at the Tenant’s option to extend this
Agreement for an additional 2 (two) years under the following
terms:
Between
6
(six) and 3 (three) months prior to the expiry of the initial term, the Landlord
will offer in writing to the Tenant, a rental rate for the Premises for a
renewal of the Agreement for an additional 2 (two) years term. The new rental
rate for the additional term will be at a market rental for similar a building
in a similar location of a similar size and quality (the “Future Market
Rental”). However, renovations and building upgrades of the Premises undertaken
by the tenant shall not be factored into evaluation of the market rate. If
there
is a disagreement between the Tenant and the Landlord regarding the Future
Market Rental therefore the Landlord has a right to appoint an independent
appraiser company to appraise and determine such Future Market Rental and
such
appraiser quotation shall bind the Landlord and the Tenant. The cost for
such
appraiser shall be borne equally between the Landlord and the
Tenant.
P.T.
Jakarta Land
2. Clause
30 (Page 14) - Assignment and Sublease
The
Tenant shall not assign, sub-lease or otherwise part with the possession
of the
leased premises or any part thereof, either by way of subletting, lending,
sharing or other means whereby any person or persons not a party to the
Agreement obtains the use or possession of the leased premises or any part
thereof, irrespective of whether any rental or other consideration is given
for
such use or possession, without the prior written consent of the Landlord
which
such consent shall not be unreasonably withheld or delayed.
This
Addendum dated 15th
March
2005.
| LANDLORD | TENANT | ||
| PT JAKARTA LAND | INDOPACIFIC RESOURCES JAVA LTD. | ||
| /s/ PT
Jakarta Land PT JAKARTA LAND |
/s/ Dwi
Hendri Yunianto DWI XXXXXX XXXXXXXX |
||
|
|
|
