DEED OF AGREEMENT
- On this day,
Appear before me,
The Notary in Bali of the Regency of Buleleng, with ----
The presence of witnesses whose names will be written --
at the end of this deed : ------------------------------
1. .
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2. .
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-at this moment is staying in Singaraja; ------------
Hereinafter referred as THE SECOND PARTY, -----------
The above named appearers have firstly explained to -
me, The Notary as follows :--------------------------
That based on The Deed of Purchasing dated,
.
which is made before myself, The Notary, ------------
THE FIRST PARTY has been binding himself/herself ----
to purchase : ---------------------------------------
All of land with the certificate of ownership number-
, lies at village, large
Blok number:
The building will be istalated 7.700 (seven thousand-
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and seven hundred) wattage from PLN (Government -----
electrical Company) and be fasilitated with a clean -
water from PDAM (Government Water Company) or natural --
water sources, air -----
condition (AC), Water Heather, and its location is --
in the province of Bali, Regency of the second ------
Division of Buleleng, District of Sukasada, Kayuputih Melaka-
Village; --------------------------------------------
LAND and BUILDING; ----------------------------------
Further, it is apparent that THE FIRST PARTY is not -
able to setlle up the payment of the purchasing -----
of the LAND and BUILDING whose terms and conditions -
stated in the DEED of PURCHASING. -------------------
The total amount of the money which will be given ---
by the SECOND PARTY to the FIRST PARTY is the whole--
amount which constitutes the total price of the -----
LAND and BUILDING and including part of the ---------
settlement has been paid or an amount of money ------
which has been spent by the FIRST PARTY. ------------
accordingly, in relation with the above matter, -----
THE FIRST and THE SECOND PARTY have mutually agreed--
to set up an agreement with following conditions ----
----------------------- CHAPTER 01. --------------------
- THE SECOND PARTY states herewith that he/she will --
set a remittance to THE FIRST PARTY, whose amount --
will be used to settle up the payment of the --------
purchasing of the LAND and BUILDING as stated above-
Accordingly, in this relation, THE FIRST PARTY ------
declare herewith and surrender to THE SECOND PARTY --
who herewith states his/her acceptance, all rights --
and obligations which can be and must be done -------
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by THE FIRST PARTY on the above stated LAND and -----
BUILDING, with conditions that the surrender of the -
rights and obligations will only be effective if the-
FIRST PARTY has factually received the money from --
THE SECOND PARTY, and the application of these rights
and and obligations as stated above, will be able to-
apply into effect by THE SECOND PARTY as long as ----
THE SECOND PARTY fulfils and obeys all the ----------
regulations/Laws which prevails in Indonesia,--------
includes but unlimitedly concerning the regulations -
of the imigration. ----------------------------------
------------------------ CHAPTER 02. -------------------
- In conjunction with the above matter, ever since ----
THE FIRST PARTY has factually used the money of THE -
SECOND PARTY, then THE SECOND PARTY is able and -----
entitled as authorised by THE FIRST PARTY to do ----
anything on the LAND and BUILDING, including but ----
unlimitedly ; ---------------------------------------
To use as a residence, ------------------------------
To change, and to reconstruct, or to renovate the ---
Building in any way as per the intention and wish of-
THE SECOND PARTY , with conditions that any necessary
government permits and any expences which might occur
to do so are applied and imposed by THE SECOND PARTY-
To lease, to mortgage, to sell or to release the ----
right and also to apply into effect any other rights-
related to the above LAND AND BUILDING, either partly
or wholly, and also to conduct any necessary actions-
in relations, as long as it is not against the ------
prevailed regulation/law of Indonesia. --------------
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----------------------- CHAPTER 03. --------------------
- The above mentioned rights which has been given by --
THE FIRST PARTY to THE SECOND PARTY based on this ---
deed, and also written in my deed, the Notary, dated-
to date with reverence numbers
further based on this deed and also any other deeds -
which might probably be made in the future, in ------
relation with this deed, will be given --------------
substitutionally and constitute the most important --
part, and unseparable from this deed, because without
the availability of the above stated rights, this ---
deed will not be made, therefore as long as this ----
agreement prevails and valids, the above ------------
stated rights are unretrievable or could not be -----
cancelled or broken down by any reasons, including by
the causes as stated in Chapter 1813 of the book of -
Civil Law/Code. -------------------------------------
- The rights are being given and authorised at this -
moment, but it will prevails in the day to come,---
at the time when THE FIRST PARTY has factually ---
used the money of THE SECOND PARTY. ---------------
--------------------- CHAPTER 04. ----------------------
- The time when THE FIRST PARTY surrenders his/her ----
rights and obligations to THE SECOND PARTY as stated-
above, is counted, ever since THE FIRST PARTY has ---
factually used the money of THE SECOND PARTY, -------
THE SECOND PARTY has the obligation to conduct all --
of the obligations of THE FIRST PARTY as the owner --
of the LAND AND BUILDING, among other obligations ---
are to pay any related taxes including the annual tax
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of land and building, any related dues as electricity
clean water, telephone, internet, and also any other related expences ----
which may appear because of the application of this -
agreement, including but unlimitedly, the expense ---
to extend the right of the above stated land when ---
its validity comes to an end and as long as the -----
rights and obligations which has been given to THE --
SECOND PARTY based on this deed will have not be ----
return back yet to THE FIRST PARTY. -----------------
- Besides, THE SECOND PARTY has the obligation to -----
fulfil all the regulation of Indonesian Authority in-
relation with morality, public order, sanitation,----
hygiene, in using of the above stated LAND AND ------
BUILDING. -------------------------------------------
- In relation with the above, THE SECOND PARTY,--------
guarantees THE FIRST PARTY concerning the above -----
matter that THE FIRST PARTY will not get any warning-
or any prosecution from any party. ------------------
--------------------- CHAPTER 05. ----------------------
a. The rights and obligation which has been given by ---
THE FIRST PARTY to THE SECOND PARTY based on this ---
deed, can be returned back by THE SECOND PARTY to ---
THE FIRST PARTY by selling the above LAND and -------
BUILDING, with condition that the sale is only be ---
able to conduct with a prior written approval from --
THE SECOND PARTY.------------------------------------
b. In the future, if the sales of the above LAND and ---
BUILDING, will be apparently exceeding the amount of-
money of THE SECOND PARTY which has been used by ----
THE FIRST PARTY to settle up the payment of LAND ----
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and BUILDING, then in this situation THE FIRST PARTY-
will be entitled to get 5 % (five percents) ---------
from the balance of the sales minus the amount of ---
money used by THE FIRST PARTY to settle up the ------
payment of the LAND and BUILDING and minus worth ----
optional paid fixed assets (swimming pool, etc). ----
c. In the future, if the sales of the above LAND and ---
BUILDING and optional fixed assets will be apparently
less (shortage) than the amount of money of THE -----
SECOND PARTY which has been used by THE FIRST PARTY -
to settle up the payment of the LAND and BUILDING, in
this situation THE FIRST PARTY has no obligation to -
pay the shortage of THE SECOND PARTY which has been -
used by THE FIRST PARTY to settle up the payment of -
the LAND and BUILDING. ------------------------------
--------------------- CHAPTER 06. ----------------------
- As long as this agreement valids, THE FIRST PARTY ---
guarantees THE SECOND PARTY that THE FIRST PARTY ----
includes his/her heirs and or any other party who has
a relationship with THE FIRST PARTY, will not disturb
prosecute or sue THE SECOND PARTY in using THE LAND -
AND BUILDING. Accordingly, THE SECOND PARTY can use--
or can enjoy the right of The above land and --------
building securely and safely. -----------------------
--------------------- CHAPTER 07. ----------------------
- If later on it is apparent that THE SECOND PARTY is -
not able to conduct his/her rights which are received
based on this deed, because of the regulation/law ---
of Indonesia or because of any other reasons, THE ---
FIRST PARTY declares herewith his/her willingness ---
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to provide any necessary assistance to THE SECOND ---
PARTY or to conduct the above mentioned rights for --
the importance of THE SECOND PARTY, includes but ----
unlimitedly with providing the right to rent to THE -
SECOND PARTY with using the terms rental price and --
conditions as stated in the deed of mine, the Notary,
dated,
.
---------------------- CHAPTER 08. ---------------------
- This agreement will not be terminated because of the-
death of one of the parties, but will remain valid --
and continously binding the lawful heirs, except ----
this agreement will have been differently set up by--
and among themselves. -------------------------------
---------------------- CHAPTER 09. ---------------------
- If later on and at least 3 (three) months after -----
reminder because of one or any other reasons, -------
it is apparent that THE SECOND PARTY does not remit -
his/her money to THE FIRST PARTY for the above ------
mentioned purpose, than this Deed of Agreement will--
be automatically cancelled. -------------------------
---------------------- CHAPTER 10. ---------------------
- The expense of this deed and other deeds which is ---
related with this deed are imposed by THE SECOND ----
PARTY. ----------------------------------------------
---------------------- CHAPTER 11. ---------------------
- As long as this agreement valids, all of ownership---
documents are above mentioned LAND AND BUILDING will-
be submitted by THE FIRST PARTY to THE SECOND PARTY.-
---------------------- CHAPTER 12. ---------------------
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- In relation with this deed and with all its ---------
application impacts, THE FIRST and THE SECOND PARTY--
has mutually chosen general and permanent domicile --
at the Registered Office of the Distric court of ----
Singaraja, Bali. ------------------------------------
------------------------ THIS DEED ---------------------
- Is made as a minutes and executed in Singaraja on ---
this day and as dated in the letter-head of this deed
with the presence of :-------------------------------
-
-
both the official of Notary office and live in ------
Singaraja, as witnesses. ----------------------------
- After I, the notary reads this certipicate to the ---
parties, witnesses and me, Notary, sign this --------
certificate. ----------------------------------------
- Is perfectly made