1. CONDITIONAL SALE AND PURCHASE AGREEMENT
This CONDITIONAL SALE AND PURCHASE AGREEMENT (hereinafter referred to as the
“Agreement”) is made on this day, ________________________ 20_,_, by and among:
1. _________________. LTD., a limited liability company duly established and existing under the
laws of Singapore, having its address at ...........................................................................
(hereinafter referred to as the “ S ” and/or “Purchaser”);
2. a. PT. ___________________, a limited liability company duly established and existing under
the laws of the Republic of Indonesia, having its address at ...................................................
(“PT. ‘ B ‘”);
b. PT. ___________________, a limited liability company duly established and existing under
the laws of the Republic of Indonesia, having its address at ...................................................
(“PT. ‘ P ‘”);
(PT. ‘ B ‘ and PT. ‘ P ‘ hereinafter jointly referred to as the “Sellers”)
3. PT. ___________________, a limited liability company duly established and existing under the
laws of the Republic of Indonesia, having its address at .............................................................,
(hereinafter referred to as the “Company“);
(The Sellers, the Purchaser and the Company are hereinafter collectively referred to as the “Parties”
or severally as a “Party”)
W I T N E S S E T H
WHEREAS:
A. The Sellers are the legal and beneficial owners of ...................(...............................................)
shares (“Sale Shares”) in the Company and the amounts of the Sale Shares for each company
are as follows:
1) PT. ‘ B ‘ : ................. (.......................................................................) shares
2) PT. ‘ P ‘ : ................. (.......................................................................) shares
B. The Sellers wish to sell the Sale Shares to the Purchaser and the Purchaser wishes to
purchase the Sale Shares on the terms and conditions contained in this Agreement.
D. Upon the completion of the Payment and the fulfillment of the terms and conditions, subject to
Article 2, 3 and 4 of this Agreement, the Purchasers will own the Sale Shares in accordance
with the prevailing laws.
E. Further, the Parties have agreed to enter into this Agreement to govern the rights and
obligations of the Parties in relation to the transaction.
NOW THEREFORE in consideration of the mutual premises and covenants herein contained, the
Parties hereby agree as follows:

2. Article 1
DEFINITIONS AND INTERPRETATIONS
1.1. When used herein, the following terms shall have the following respective meanings:
“Agreement” shall mean this Conditional Share Purchase Agreement, including, if any, all its
schedules, modifications; amendments made thereto that are recorded in writing by mutual
consent after the date of execution of this Agreement;
“Business” means the line of business of the Company authorized by its articles of
association;
“Company Law” means Law No. 40 of 2007 regarding Limited Liability Company;
“Event of Defaults” means the failure of the Sellers and/or the Purchaser to fulfill the
requirements as described in Article 2 and/or 3 and/or 4 of this Agreement;
1.2. Interpretation
In this Agreement:
(1) References to:
(a) one gender includes the other genders;
(b) the singular includes the plural and vice versa;
(c) a person includes a corporate body; and
(d) a party includes the party’s executors, administrators, successors and
permitted as’ S ‘ns.
(2) Headings are for convenience only and do not affect the interpretation, or form part of
this Agreement.
(3) “including” and similar expressions are not words of limitation.
Article 2
SALE AND PURCHASE OF THE SALE SHARES
2.1. Subject to the terms and conditions of this Agreement and subject to the fulfillment of the
conditions precedent under Article 2 and/or 3 and/or 4 hereof, the Sellers shall sell with full title
guarantee and the Purchasers shall purchase the Sale Shares, free from all claims, charges,
liens, and encumbrances, together with all rights attached thereto and all dividends and
distributions declared paid or made in respect thereof and upon the terms and conditions
herein contained, with the following stage:
A. Payment Completion
After the Payment Completion, The following actions shall be implemented within 2 (two)
months:

3. i. the issuance of the approval from the Ministry of Law and Human Right of the Republic
of Indonesia (“MOLHR”);
ii. all necessary approvals, and/or take any and all necessary actions as strictly required by
the relevant laws and regulations for the sale of the Sale Shares and such approvals are
in full force and effect; and
iii. the ‘ S ‘ning of the Shares Sale and Purchase Agreement (Akta Jual Beli Saham) after
the completion of (i) and (ii) above;
Article 3
PURCHASE PRICE
3.1. Unless the book value of the provisional settlement of account for ............ dose not
considerably differ from the nominal value of the settlement of account after the annual audit
for ............, the Sellers and the Purchaser have agreed that the purchase price for the each
share shall be Rp. ................. (hereinafter referred to as the “Purchase Price”) and the details
for each transactions are as follow;
1) PT. ‘ B ‘ : ................. shares X Rp............= Rp.....................
2) PT. ‘ P ‘ : ...................shares X Rp…......... = Rp.......................
3) Total : ........................shares X Rp............... = Rp...........................
3.2. The period given for the payment is 3 (three) months from the ‘ S ‘ning of this Agreement.
Article 4
Conditions of Precedent
The Completion set out in this Agreement shall be subject to the fulfillment of the following conditions:
4.1. Conditions of Precedent For the Payment
i. the Seller has obtained, at the earliest practicable date, all necessary approvals
including but not limited to approval from the shareholders of the Company and the
BKPM Approval for the transfer of Sale Shares from the Seller to the Purchaser, and
take any and all necessary actions as required by the relevant laws and regulations for
the sale of the Sale Shares and such approvals are in full force and effect, including
but not limited to spouse consents;
ii. the Sellers shall ensure that the Sale Shares are free from any and no person or
claims any security interest and/or option and/or right of pre-emption and/or material
exception and/or reservation and/or easement and/or right and/or privilege and/or
covenant and/or restriction and/or encumbrance and/or right of occupation and/or
restriction and/or encumbrance and/or right of occupation and/or enjoyment and/or
conflicting and/or overlapping forestry and/or any other mining rights by any third party
and/or squatters;
The period given for fulfilling the above conditions is 2 (two) months from the ‘ S ‘ning of this
Agreement.

4. Article 5
Defaults
5.1. Event of Defaults
i. The failure of each of and/or the Sellers to fulfill any condition or requirement required
by the Purchasers as described in the Article 4.1 in this Agreement shall result and be
considered the event of default on the Payment (“Event of Default before Payment”);
ii. The failure of the Purchaser to fulfill the payment as described in the Article 3.1 and/or
3.2 in this Agreement shall result and be considered the event of default on the
Payment (“Event of Default on Payment”);and
iii. The failure of each of and/or the Sellers to fulfill any condition or requirement required
by the Purchasers as described in the Article 2.1 in this Agreement shall result and be
considered the event of default on the Payment (“Event of Default after Payment”).
5.2. Consequences on Event of Default on Payment
i. In the event that the Event of Default on Payment, the Purchaser may terminate this
Agreement (“Consequence on Event of Default before Payment”);
ii. In the event that the Event of Default on Payment, the Sellers may terminate this
Agreement (“Consequence on Event of Default on Payment”);and
iii. In the event that the Event of Default on Payment, the Purchaser may terminate this
Agreement and the Sellers shall jointly or severally pay back in the amount of the
Payment which is made by the Purchaser without any interests (“Consequence on
Event of Default after Payment”);
.
Article 6
GOVERNING LAW AND ARBITRATION
6.1. This Agreement shall be governed by and interpreted under the laws of the Republic of
Indonesia.
6.2. Any dispute between the parties arising out of or concerning this Agreement shall be settled by
arbitration in Badan Arbitrase National Indonesia (“BANI”). Such arbitration shall be conducted
in the Indonesian language and shall be conducted before 3 (three) arbitrators, 1 (one) each to
be appointed by the Sellers and the Purchasers and 1 (one) of whom shall be appointed by the
President for the time being of BANI in accordance with these rules. The arbitration shall apply
the procedural and substantive laws of Indonesia and shall be final and binding.
6.3. Neither Party shall be entitled to commence or maintain any action in a court of law upon any
matter in dispute arising from and in relation to this Agreement or the transactions
contemplated herein, except for the enforcement of an arbitral award granted pursuant to this
Article 13.
6.4. For the purpose of enforcing any arbitration award only, the Parties choose the general,
permanent and non-exclusive domicile of the Office of the Registrar of the Central Jakarta
District Court (Kantor Panitera Pengadilan Negeri Jakarta Pusat) without prejudice to the

5. Parties' rights to enforce any arbitration award in any court having jurisdiction over the other
Party or its assets.
6.5. Pending the submission to arbitration and thereafter until the arbitration tribunal issues its
decision, each Party must, except in the event of expiration, termination or failure by the other
Party to obey or comply with a specific order or decision of the arbitration tribunal, continue to
perform all of its obligations under this Agreement without prejudice to a final adjustment in
accordance with the award.
Article 7
COSTS
7.1. Each Party shall bear its own costs and expenses (including, without limitation, legal fees) of
and incidental to the negotiation, preparation and execution of this Agreement and other
incidental documents.
7.2. All costs and expenses based on the necessary actions to obtain all necessary approvals,
authorizations and formalities pursuant to the condition precedents of each payment terms
provided herein shall be borne by the Purchasers.
7.3. All duties, charges and fees payable solely in respect of the transfer of the Sale Shares shall be
borne by the Parties respectively.
7.4. Any taxes relating to transfer of the Sale Shares shall be borne by the Seller.
Article 8
MISCELLANEOUS
8.1. The Parties hereto shall not as’ S ‘n or otherwise part with their rights and interests in this
Agreement unless mutually agreed upon by both the Parties hereto.
8.2. This Agreement constitutes the whole agreement between the Parties hereto and it is expressly
declared that no variation hereof shall be effective unless made in writing.
8.3. This Agreement shall be binding upon the Parties hereto their permitted as’ S ‘ns and their
respective successors in title.
8.4. The Parties have executed this Agreement in the English language, which shall serve as the
governing language of this Agreement. If requested by a Party, the Parties will ‘ S ‘n a Bahasa
Indonesia version of this Agreement. In the absence of a Bahasa Indonesia version, the
Parties hereby disclaim any benefit from, or any right to cancel or declare this Agreement null
and void because of, the absence of a Bahasa Indonesia version pursuant to the Indonesian
Law No. 24 of 2009. Pihak-pihak Indonesia telah mengambil semua langkah yang diperlukan
baginya untuk memahami dan menyetujui sepenuhnya isi Perjanjian ini dan konsekuensi-
konsekuensinya.

6. IN WITNESS WHEREOF, each of the under’ S ‘ned has caused this Agreement to be duly executed
and delivered in its name and on its behalf, all as of the date first above written.
The Seller,
PT. ___________________
__________________________
Name: ................................
Title: ...................................
,
PT. ___________________
__________________________
Name: ..............................
Title: .................................
The Purchaser,
_________________. LTD.
__________________________
Name: ................................
Title: ...................................