Professional Documents
Culture Documents
A. Checklist
A. Checklist
CHECKLIST
5. Terms of payments
6.remedies
8.governing law
9.choice of forum
11.choice of jurisdiction
B. KLAUSULA KONTRAK
a. PURCHASE AND SALE OF SHARES. The Company hereby sells and the
Purchaser hereby purchases 410,561 shares (the "Shares") of the Company's
CommonStock par value $.01 per share ("Common Stock") for a purchase price of
$25.00 per Share (an aggregate of $10,264,025), payable $3,421,325 in cash
concurrently herewith and $6,842,700
b. The Purchaser acknowledges receipt of a certificate representing 136,853 Shares.
The Purchaser agrees that the certificates for the remaining Shares, which are
being issued concurrently herewith, shall be held by the Company as security for
payment of the Note, to be delivered to Purchaser as set forth in the Note. The
Company acknowledges receipt of the aforesaid cash payment and of the Note.
represents and warrants as set forth in Exhibit 4.2, which is incorporated herein by this
reference.
The seller have rights for an aggregate purchase price tranfered by the purchaser at the
closing date after The seller transfer, title, interest, and property of shares
The purchase have must pay purchase price at the closing date after that The puschaser
can afford title, interest, and property of shares from the seller.
6. TERMS OF PAYMENTS
On the Closing Date, The Purchaser shall pay to the seller contract priice in U.S. funds by
wire transfers.
7.REMEDIES
In the event a Party breaches any of its representations, warranties, and obligations in this
contract the breaching parties must indemnify the other Party from Adverse Consequences
the other Party sufferd
If one of the party breach the obligastion contain in this contract, the other party may:
a.give Notice to the other party to do its obligation in the certai time
b.if poit 7.a fail the party can brougt the case to arbitration award
9.GOVERNING LAW
The parties agrred to use Badan Arbitrasi Indonesia(BANI) for any claim, dispute relating to
this Agreement.
The party agrees that the applicable law in all Dispute arising to this contract is the law of
indonesia
12.CHOICE OF JURISDICTION
The party agree to choce legal domicile in the pengadilan Negeri Jakarta pusat.