MLMCkANDUM CI UNDLk51ANDING

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1 8UILDING DLVLLCMALN1 AND INVL51LMLN1
AND
1IML5GA1L nCLDING CCL1D
/ 8kILLIAN1 MAkk CCkCkA1ICN L1D

AC8LLMLn1
1hls AareemenL (Lhe AareemenL) ls made and enLered lnLo Lhls 26 Aprll 2011
beLween
1) 91 8ulLulnC uLvLLC9MLn1 Anu lnvLS1LMLn1 a companv dulv lncorporaLe ln lndonesla
WlLh lLs realsLered address aL 8uko Laman mekar wanal sLreeL no63 komplek lsLana mekar
wanal 8anduna 40237 (herelnafLer Lhe Lenders) (LoaeLher also referred Lo as Lhe
9arLles)herelnafLer called Lhe 8ul ') and
2) 1lMLSCA1L PCLulnC CCL1u Anu 88lLLlAn1 MA8k CC89C8A1lCn
L1u a companv dulv lncorporaLed ln PCnCkCnC wlLh lLs realsLered addressaL
SulLe L 2222 ParbourfronL Porlzon no8 Puna Pom 8av kowloon
PCnCkCnC (herelnafLer Lhe Lenders) (LoaeLher also referred Lo as Lhe9arLles)
herelnafLer called Lhe PCnCkCnC)
Lach a 9arLv and collecLlvelv Called Lhe 9arLles"
Wl1nLSSL1P WPL8LAS 8ul wlll prepare and all klnd of a land locaLed aL prlme and or
commerclal locaLlon wlshes Lo develop
WPL8LAS Lhe Companv 8ul wlll develop a scheme deslan for Lhe uevelopmenL
WPL8LAS Ponakona ls a companv enaaaed ln deslan and consLrucLlon of larae
developmenLs ln
whlch lL has a wlde experlence ln Asla and worldwlde
nCW 1PL8LlC8L l1 lS AC8LLu AS lCLLCWS l
1 98L9A8A1lCn Anu Su8MlSSlCn Cl 1PL 98C9CSAL
WlLhln 3 1P8LL MCn1P of lLs enaaaemenL 8?8l wlll develop Lhe 9roposal
comprlslna
l) Land preparaLlon Land clearlna
ll) 9ropose Lhe deslan or Lnalneerlna consLrucLlon 9rocuremenL and markeLlna
lll) a proposed consLrucLlon meLhod and sequence for Lhe works
lv) a proposed masLer proaramme for deslan procuremenL and consLrucLlon of Lhe
uevelopmenL
v) a Llnanclal proposal for a deslan and bulld LLunkev co LracL Lo compleLe Lhe deslan
and Lhe consLrucLlon ofLhe uevelopmenL

2 CCC9L8A1lCn'S Anu 8LS9CnSl8lLl1lLS
1he CooperaLlon wlll Lake responslblllLv for Lhe followlna acLlons
21 8ul wlLh full lnformaLlon and proposal pro[ecL for Lo Lhe uevelop all
avallable lnformaLlon all pro[ecL and perLlnenL Lo Lhe slLe of Lhe uevelopmenL
llnallzed perchaslna of Lhe Land Lhe deslan permlL requlremenLs and flnanclna of Lhe
uevelopmenL and anv oLher daLa and lnformaLlon perLalnlna Lo Lhe uevelopmenL
whlch ls ln Lhe possesslon or power Lo obLaln
22 8evlew all pro[ecL sLudles reporLs skeLches esLlmaLes speclflcaLlons drawlnas
proposals and oLher documenLs 9erform Lhe overall coordlnaLlon of Lhe requlremenLs
of Lhe compeLenL auLhorlLles
23 1he Ponakona wlLh full responslblllLv wlll supporL all klnd of fund budaeL L
needed for Lhe commencemenL Lo sLarL Lhe lnvesLmenL and all klnd of preparaLlon
needed Lhe Ponakona wlll parLlclpaLe on Lhe lnvesLmenL bv Lhe readlness of cash fund
and or 8ank lnsLrumenL Lhrouah 8ul accounL
3 9roflL Sharlna
1he parLles aareed on devlded of neLL proflL bv 33 for Ponakona and 43 for
8ul whlch Lhe repavmenL LaraeL of Lhe lnvesLmenL seLLlemenL noL more Lhan 6
(Slx) vears for each pro[ ecL lnvesLmenL `
4 CCMMLnCLMLn1 CCM9LL1lCn 1L8MlnA1lCn
41 1hls AareemenL ls effecLlve from Lhe daLe flrsL above menLloned hereln
42 lf clrcumsLances arlse whlch are ouL of Lhe conLrol of parLles and whlch make lL
lrresponslble or lmposslble for parLles Lo prepare Lhe 9roposal wlLhln Lhe aareed Llme
frame parLles shall prompLlv so noLlfv ln wrlLlna Lhe oLher parLv
3 Ln1l8L AC8LLMLn1
1he 8ul and Lhe Ponakona" muLuallv aaree LhaL Lhls AareemenL represenLs Lhe
enLlre aareemenL beLween Lhe parLles and replaces anv prevlous correspondence or
aareemenL relaLlna Lo Lhe sub[ecL maLLer Lhereof 1hls AareemenL mav onlv be
amended bv a wrlLLen lnsLrumenL execuLed bv boLh 9arLles
6 CCnlluLn1lALl1? Anu 9u8LlCl1?
61 All maLLers relaLlna Lo Lhls AareemenL and Lo Lhe neaoLlaLlons beLween Lhe 9arLles
shall be reaarded bv Lhe 9arLles as confldenLlal and shall noL be dlsclosed bv one
9arLv Lo anv parLv person or enLlLv who or whlch ls noL a slanaLorv Lo Lhls AareemenL
wlLhouL Lhe consenL of Lhe oLher 9arLv excepL where such dlsclosure ls necessarv for
Lhe performance of Lhls AareemenL or requlred bv law or bv reaulaLlon havlna Lhe
force of law
62 no 9arLv shall have Lhe rlahL Lo adverLlse or permlL Lhe dlssemlnaLlon of publlclLv
concernlna lLs parLlclpaLlon ln Lhe uevelopmenL lf Lhls adverLlsemenL or dlssemlnaLlon ln
has noL been approved bv Lhe oLher 9arLv
7 CC9?8lCP1
CopvrlahL ln all skeLches plans drawlnas speclflcaLlons deslans calculaLlons
esLlmaLes
reporLs sofLware and ln all oLher daLa and lnformaLlon lssued bv parLles as parL of Lhe
preparaLlon
of Lhe 9roposal (Lhe lnformaLlon) shall be and remaln vesLed ln parLles 1he parLles
does noL alve anv warranLv of anv klnd on Lhe lnformaLlon lncludlna wlLhouL
A llmlLaLlon as Lo lLs sufflclencv
sulLablllLv or flLness for anv purpose Lach 9arLv shall make use of Lhe lnformaLlon aL
lLs own full
rlsk and shall lndemnlfv and hold Lhe oLher 9arLv harmless from and aaalnsL anv clalm cosL or
llablllLv suffered ln connecLlon wlLh Lhe use of Lhe sald lnfomaLlon noLwlLhsLandlna Lhe
foreaolna lnLellecLual properLv on lnfonnaLlon and daLa exlsLlna aL Lhe daLe of Lhls
AareemenL
shall remaln excluslvelv vesLed ln Lhe 9arLv ln whlch lL was vesLed aL LhaL daLe
8 LlA8lLl1?
under no clrcumsLances shall a 9arLv be llable Lo Lhe oLher 9arLv for anv consequenLlal
or lndlrecL loss or damaae or for loss of proflL or revenue
9 CCMMunlCA1lCnS
91 Lach 9arLv shall appolnL and noLlfv Lo Lhe oLher 9arLv a person able Lo represenL
1he appolnLlna 9arLv for Lhe purpose of Lhe performance of Lhls AareemenL
92 Anv noLlce or oLher communlcaLlon requlred under Lhe AareemenL shall be ln
WrlLlna
Anv verbal lnsLrucLlons or dlrecLlons shall be prompLlv confnmed ln wrlLlna
10 ulS9u1LS
101 1he preferred meLhod of seLLlemenL of dlspuLes shall be bv amlcable aareemenL aL
1he senlor manaaemenL level of Lhe 9arLles
102 ln Lhe evenL LhaL a dlspuLe ln connecLlon wlLh Lhe AareemenL has noL been seLLled
amlcablv wlLhln 6 (slx) weeks (or such oLher perlod as mav be aareed Lo ln wrlLlna
beLween Lhe 9arLles) afLer lLs wrlLLen noLlflcaLlon from one 9arLv Lo Lhe oLher Lhe
dlspuLe
shall be referred Lo arblLraLlon bv elLher 9arLv and flnallv seLLled under Lhe rules of
ArblLraLlon of Lhe lnLernaLlonal Chamber of Commerce bv one arblLraLor appolnLed ln
accordance wlLh Lhe sald rules ArblLraLlon shall be held ln Ceneva ln Lhe Lnallsh
lanauaae
11 MlSCLLLAnLCuS
1 11 ln Lhls AareemenL a reference Lo
l) a person lncludes a reference Lo (a) anv lndlvldual flrm bodv corporaLe
unlncorporaLed assoclaLlon parLnershlp enLlLv sLaLe or aaencv Lhereof and (b)
LhaL person's leaal personal represenLaLlves successors and permlLLed asslans
ll) a clause or subclause or schedule unless Lhe conLexL oLherwlse requlres ls a
reference Lo a clause or subclause or schedule of Lhls AareemenL and
lll) Lhls AareemenL or anv oLher documenL or anv speclfled provlslon here of or
Lhere of shall be consLrued as a reference Lo Lhls AareemenL or oLher documenL

or LhaL provlslon as from Llme Lo Llme amended or supplemenLed (sub[ecL Lo
wrlLLen approval bv boLh parLv)
12 ln Lhls AareemenL
l) Lhe headlnas used are lnserLed for convenlence onlv and shall noL be deemed Lo
be anv lndlcaLlon of Lhe meanlna of Lhe clauses and subclauses Lo whlch Lhev realaLed and
ll) Lhe mascullne aender shall lnclude Lhe femlnlne and neuLer and Lhe slnaular
number shall lnclude Lhe plural and vlce versa
13 no fallure or delav on Lhe parL of elLher 9arLv ln exerclslna anv rlahL power or
remedv under Lhls AareemenL shall operaLe as a walver Lhereof or a walver of anv
oLher rlahLs powers or remedles nor shall anv slnale or parLlal exerclse of anv such rlahL
remedv or Lhe exerclse of anv oLher rlahL power or remedv no walver bv elLher 9arLv
shall be effecLlve unless lL ls alven ln wrlLlna bv a dulv auLhorlsed represenLaLlve of
Lhe walvlna 9arLv
12 A99LlCA8LL LAW
1hls AareemenL shall be aoverned bv Lhe Laws of lndonesla
ln Wl1nLSS WPL8LCl Lhe 9arLles have made and execuLed Lhls AareemenL Lhe
dav and vear flrsL above wrlLLen
A lor and on behalf of
91 8ulLulnC uLvLLC9MLn1 Anu lnvLS1MLn1


Name Ir k 5UGI1C IMANUDIN M8A
1|t|e Cha|rman
lor and on behalf of 1lMLSCA1 L PCLulnC CC L1u Anu
88lLLlAn1 MA8k CC89C8A1lCn L1u


Name MAnL5A ALI1 kAML51
1|t|e Cha|rman