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LOI TWR·A·0913·001

To:
Indo Global Exchange (s)   (or any other name)
Menara Standard Chartered
Kav  134
 
Jakarta

Attention: John O'shea
 
Re: Letter of Intent EightyEight@Kasablanka, Tower A
 
Dear Mr. John O'Shea
 
Subject to Contract and Availability

Thank you for your interest to lease an office space at EightyEight@Kasablanka,
Tower A, we have outlined below in this Letter of Intent with the terms and
conditions mutually agreed  by both parties as follows:

1.
Name and Address of Building
EightyEight@Kasablanka (Tower A)
     
2.
Premises
29 Floor, Unit C
     
3.
Lease Term
36 months from the Lease Commencement Date
     
4.
Lease Commencement Date
1 – November – 2013
     
5.
Lease Expiry Date
31 – October – 2016
     
6.
Handover Date for Fit Out
21 – October – 2013
     
7.
Fit Out Period
2 (two) weeks, commencing from 21 October 2013 as shall expire on 31 October
2013
         
During fit out period, shall be free form Rent and Service Charge.  However,
electricity shall be charged based on consumption
     
.
 
The Lessee and/or its appointed contractor shall comply with the Tenancy Fit Out
Guide provided by the Lessor.  All fit out plans shall be submitted by the
Lessee and approved by the Lessor prior to construction.
         
If the fit-out is completed early. Lessee may take early occupancy with prior
notice to Lessor and pay rental and service charge proportionally.

 
 
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8.
Base Rent
   
a.  Rate
US$ 24/sqm/month
 
b.  Payment Terms
Quarterly in advance
     
9.
Service Charge
   
a.  Rate
Rp 35.000,00/sqm/month (subject to review)
 
b.  Payment Terms
Quarterly in advance
 
c.  Service Charge Components
     
- Includes building maintenance, cleaning common areas.  24 hours security and
standard building services during normal office hours.
   
 
- Electricity for Air Conditioner (AC), lighting and power outlet is separately
metered and charged accordingly.
   
 
- Electricity shall be paid to the Lessor according to the policy determined by
Building Management.  Rate of the electricity shall be charged based on
electricity usage, capacity cost/abonement, PPJU and surcharge 5% (five
percent).
   
 
- The Lessor will provide KWH meter per unit within the premises
 
10.
Taxation
Base Rent and Service Charge are subject to 10% (ten percent) Value Added Tax
and subject to 10% (ten percent) Withholding Tax, or such other percentage as
may be determined from time to time by the regulatory authorities.
   
The Value Added Tax shall be borne by the Lessee.
   
The Withholding Tax is deductible from the principal amount by the Lessee and
the Lessee shall give a receipt of the Withholding Tax payment which is
legalized by the Lessee's finance department to the Lessor.
     
11.
Security Deposit
3 (three) month Base Rent + 3 (three) months Service Charge.
   
The Security Deposit shall be paid upon signing this Letter of Intent.
   
This Security Deposit will be fully refundable, without interest, upon the Lease
Expiry provided that the Lessee has complied with all terms and conditions of
the Lease Agreement.

 
 
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12.
Parking
parking space will be available at the following rate:
-       Reserved parking space of Rp 10,00,000.000 per car per year (excluded
VAT).  Payable annually inadvance.
-       Unreserved parking space(s) of Rp 3,960.000, - per car per eyar
(excluded VAT).  Payable annually inadvance
   
The above parking rates are subject to review from time to time by the Building
Management.
   
Additional parking space requirement will be subject to space availability.
   
The Lessee agrees that parking space allocation shall be in accordance with the
parking policy of Building Management.
 
13.
Telephone
Telephone line(s) deposit of Rp 2,500,000.00 per line and a telephone
installation cost of Rp 600,000.00 per line.
   
IDD (International Direct Dial) line(s) deposit of Rp 5,000,000.00 per line and
an installation cost of Rp 600,000.00 per line.
   
The telephone deposit will be fully refundable, without interest, at the Lease
Expiry Date, provided that the Lessee has paid all invoices and comply with all
terms and conditions of the Lease Agreement.
   
The telephone installation cost is onetime payment and non-refundable.
   
The telephone deposit and telephone installation charges shall be payable upon
confirmation of telephone numbers.
 
14.
Building's Standard Office Hours:
Monday – Friday:  07:00 – 19:00
Saturday                       :  07:00 – 13:00
(excluding Sunday and public holidays)
 
15.
Overtime Charges
There will be no overtime charge because the electricity consumption for AC and
lighting will be separately metered.
   
Additional Services (optional):
Beyond the Building operation hours and Sunday/public holidays, additional
services required by Lessee such as:
a.  Air conditioner (AC) in the common corridor.
b.  General lighting in the common corridor.
c.  Cleaning serice officer for the floor/toilet.
Shall be provided by the Building Management, with prior written notice to the
Building Management and subject to additional services charges about of Rp
250,000. – per hour/ten/floor.

 
 
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16. Standard Specification
- Ceiling: Standard ducting, ceiling and lighting will be provided by the
Landlord.
- Floor: structural slab.
- Curtain wall: Double glazed curtain wall Electricity capacity: ±110 - ±120
VA/sqm.
- The Lessee is able to add electricity capacity power required which costs are
borne by the Lessee. The additional capacity power will be charge Rp
1,200.00/VA.
- Access Card; The ratio for Lift Lobby Access Card is 1 (one) for every 10
(ten) sqm leased. For additional access card, the cost is Rp 100,000 exclude
VAT.
 
17.
Use of Demised Premises
The demised premises shall be exclusively use as office.
 
18.
Lease Agreement
The Lessor will provide standard Lease Agreement upon signing of this Letter of
Intent.  The Lease Agreement shall be signed by both parties prior to handover
date for fit out.
 
19.
Booking Deposit
a.  3 (three) months Base Rent + 3 (three months Service Charge as Booking
Deposit to confirm the Lessee's intention.
b.  The Booking Deposit payable above shall be converted into Security Deposit
upon commencement of Rent.
c.  Further to the above intention which is subject to contract, the Lessee
acknowledge that once this Letter of Intent has been accepted by the Lessor, the
Booking Deposit payable herein will become nonrefundable and becomes the right
of the Lessor if for whatsoever reason the Lessee does not proceed with the
Lease and execute the Lease Agreement.
 
20.
Other Conditions
This Letter of Intent shall be valid until 23 September 2013.
If the Letter of Intent has not been signed and send to the Landlord prior the
date above, then this Letter of Intent shall become null and void.

 
 
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Please confirm your intention ot lease the premises by signing and returning
this Letter of Intent together with the Security Deposit of US$ 8.568 + Rp.
12.495.000,
 
The Landlord Bank details are: -
 
PT ELITE PRIMA HUTAMA
Bank Mandiri
Cabang Iskandarsyah – Jakarta
No. 126 000 290 8670 (IDR)
No. 126 000 616 4999 (USD)

Yours sincerely,
I hereby confirm and accept the above terms and conditions of this letter of
Intent,
PT Elite Prima Hutama
Indo Global Exchange(s)
 
/s/ Irma Kunia
/s/John O'shea
Irma Kunia
Marketing Manager
John O'shea
CEO

 
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