CONSORTIUM AGREEMENT
This Consortium
Agreement (hereinafter is referred to as the "CA") is entered into on the [___] of [____] in [____],
Indonesia by and between:
PT [____], a limited liability company duly organized and existing under the
laws of the Republic of Indonesia, having its principal office at [____] Indonesia (hereinafter is referred
to as "PT A");
and
PT [____], a
limited liability company duly organized and existing under the laws of the
Republic of Indonesia, having its principal office at [____], Indonesia (hereinafter
is referred to as “PT B").
PT A and PT B are hereinafter individually referred
to as the "Party" and
collectively referred to as the "Parties".
RECITAL
WHEREAS, PT A is a reputable ________ company in Indonesia;
WHEREAS, PT B is _________ in Indonesia;
WHEREAS, ________, in (hereinafter is referred to as the “Project”);
WHEREAS, the Parties agree to team up as the consortium for this Project
(hereinafter is referred to as “Consortium”),
subject to the provisions of this CA as prescribed hereunder;
NOW THEREFORE, and after extensive discussions, the Parties
hereto in good faith understand that principles should be adopted to reflect
their intention to cooperate and shall form the basis for establishing and
developing a working relationship between the Parties, agree AS FOLLOWS:
ARTICLE 1
SCOPE AND GENERAL COLLABORATION STRUCTURE
1.1.
Exclusivity
This
CA is entered into as an exclusive agreement aimed at increasing the business
of the Parties in relation solely to the Project, by introducing some joint
initiatives and structures, allowing the Parties to complement each other’s
core business activities and further each other’s goals. Each Party obligates
itself to discuss, transact and negotiate solely and in good faith with the other Party in respect of the
Project.
1.2.
Financing
The
Parties agree and acknowledge that the success of the Project depends upon the
ability of the Parties to raise the necessary debt and equity to finance the
Project on satisfactory terms and, accordingly, hereby agree to use all
reasonable endeavors to comply with their respective obligations under this CA
and act at all times in good faith towards each other.
ARTICLE 2
LEADERSHIP OF THE CONSORTIUM AND
OWNERSHIP
- The Parties agree that the leadership of the Project shall be assumed by PT B, who shall have the full authority to act for and on behalf of the Parties for all matters related thereto. In relation with the foregoing, PT B shall have the authority to determine and make any decision related with the Project.
2. All decisions of the Consortium shall be by unanimous agreement of all the members of
the Consortium.
3.
Percentage of Ownership
The Parties agree that contribution
ownership percentage of the Project as follows:
a.
PT A
shall contribute 49% of Project; and
b.
PT B
shall contribute 51% of the Project.
ARTICLE 3
BID PROPOSAL
3.1. Bid Proposal Preparation
(a) For
the purpose of submission of the bid proposal, the Parties agree to work
jointly and exclusively with each other.
(b) The
Parties agree that PT B is responsible to prepare the bid proposal and PT A
should be responsible for reviewing and conducting administrative submission.
(c)
The
anticipated activities of the Consortium shall
include, but not be limited
to:
(i) Review
of the Request for Proposal (“RFP”)
that will be issued by [_____] and the conduct of negotiations with [_____] as
owner of this Project in relation to the terms and conditions in the RFP for
the best benefit of the Parties.
(ii)
Prepare
development options of the total Project.
(iii) Examine the prevailing
and future legal framework and its impact on the development of the Project,
including the proposed consortium structure between the Parties.
(iv) Conduct
technical, financial and legal due diligence to confirm whether or not
investment in the project company is a judicious and advantageous endeavor. The
due diligence shall include determination of the following:
1. [____];
2. [____];
3. The permits and/or
authorizations necessary to proceed with the development of the Project can be
reasonably obtained.
dan seterusnya...
aliggggggggggggggg !
BalasHapus