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This Proxy Agreement is made on March 18th 2018 (the “Effective Date”) between:
British Mining Ltd. is a listed company duly established, organized and existing under the laws
of England and Wales (hereinafter referred to "BML" ), having its registered office at 50
Berkeley St, Mayfair, London W1J 8HD, UK , in this matter being represented by Mr. Kukuh
Setiawan acting in his capacity as the Managing Director of and as such for and on behalf of
Muhammad Farhan Farizki, as himself and collective, an Advocate from Farizki & Partners
(hereinafter reffered to “Proxy”) at 22th floor, Equity Tower, Sudirman Central Business
District (SCBD) Lot 9, Jalan Jenderal Sudirman Kav. 52-53, Jakarta 12190 , Indonesia.

BML and Proxy are hereinafter jointly referred to as the "Parties".

The parties agree as follows:

Designation of Proxy:
BML hereby appoints the Proxy as its proxy, with full power of substitution, to exercise on its
behalf BML at meeting with PT ABC Tbk (“ABC”) regarding to negotiating a Memorandum
of Understanding between BML and ABC pursuant with applicable law and BML’s articles of
Exercise of Negotiating Rights
0.1.Action Requiring Prior Approval
The Proxy may not take any following actions without BML’s prior written approval:
(a) Any merger, consolidation, reorganization, or dissolution of BML
(b) Any sale or other disposition of the business any capital assets of BML

0.2.Action Upon Approval

Upon BML’s written request, the Proxy shall take the appropriate actions to authorize, approve,
or vote against the actions detailed in section 0.1.. The Proxy shall consult with BML
concerning those actions so that BML will have sufficient information to ensure that all its
actions will be taken in accordance with applicable law. Any action that the Proxy takes in
connection with the matters detailed in section 0.1. without the BML's prior written approval
will be void.
0.3.Limitations on Liability
In the absence of instructions from BML, the Proxy shall act on all matters on the BML's behalf
in accordance with its best judgment, but the Proxy assumes no responsibility for any third
party action taken against the BML in connection with those actions. The Proxy will not be
liable as a result of any error in law, mistake of judgment, or any other matter or thing done,
suffered, or omitted to be done under this agreement, except for any claims relating to the
Proxy's gross negligence or willful misconduct.
1. Compensation of Proxy
BML shall promptly reimburse the Proxy for all reasonable and necessary travel and other
expenses that the Proxy incurs in carrying out its duties under this agreement, upon submission
to the BML of reasonably detailed documentation as appropriate.
2. Indemnification of Proxy
BML shall indemnify the Proxy against all claims, liability, and expenses (including legal fees)
arising from any third party claim or proceeding brought against the Proxy arising from or in
any way connected to its performance as a proxy under this agreement, except for any claims
relating to the Proxy's gross negligence or willful misconduct. BML shall advance to the Proxy
all expenses that it incurs defending itself from any such claim.
3. Term
The term of this agreement is 1 year and may be extended by written agreement between the
Parties upon its expiration.
4. Termination

This agreement will automatically terminate at the expiration of its term.
4.2.Termination by BML
BML may at any time and for any reason terminate this agreement and remove the Proxy as its
proxy upon written.
4.3.Proxy Resignation
The Proxy may at any time and for any reason resign its position as BML's proxy upon Notice
of resignation to the BML. The resignation will be effective on the date stated in the Proxy's
notice. No formal acceptance of resignation by the BML is necessary to make the Proxy's
resignation effective.
5. General Provisions

5.1.Entire Agreement
This agreement contains all the terms agreed to by the parties relating to its subject matter. It
replaces all previous discussions, understandings, and agreements.
This agreement may only be amended by a written document signed by Parties.
(a) Form of Notice. All notices and other communications between the Parties must be in
(b) Method of Notice. Notices must be given by (i) personal delivery, (ii) a nationally-
recognized, next-day courier service, (iii) first-class registered or certified mail, postage
prepaid[, (iv) fax][ or (v) electronic mail] to the party’s address specified in this
agreement, or to the address that a party has notified to be that party’s address for the
purposes of this section 7.4 (Notices).
(c) Receipt of Notice. A Notice given in accordance with this agreement will be effective
upon receipt by the party to which it is given or, if mailed, upon the earlier of receipt
and the fifth Business Day following mailing.

5.4.Governing Law
This agreement will be governed by and construed in accordance with the laws of Indonesia,
without regard to its conflict of laws rules.
(a) Number and Gender. Unless the context requires otherwise, words importing the
singular number include the plural and vice versa; words importing gender include all
(b) Headings and Internal References. The headings used in this agreement and its
division into sections and other subdivisions do not affect its interpretation. References
to sections and other subdivisions are to those parts of this agreement.

This agreement may be signed in any number of counterparts, each of which is an original and
all of which taken together form one single document.
5.7.Effectiveness of Agreement
This agreement is effective as of the Effective Date, even if any signatures are made after that
date, but only if signed by all parties.

This agreement has been executed by the Parties by their respective authorized signatories
below on the day and year first above written

______________________ ________________________
Kukuh Setiawan Muhammad Farhan Farizki
British Mining Ltd. Farizki & Partners