LIPPO-MAPLETREE - Lippo Malls Indonesia Retail Trust - Investor ...

Appendix BPT Cibubur has the following payment obligations to Sarana:(a)(b)Rp. 9,500,000,000 (S$1,610,200) including VAT in 8 installments from 9 June 2003 to 15 December2003.US$2,260,000 (S$3,473,600) including VAT, that is to be paid by installments from the year 2004 until2024 as follows:(i) US$ 75,500 (S$116,000) per year for the first 5 years.(ii) US$100,500 (S$154,500) per year for the second 5 years.(iii) US$125,500 (S$192,900) per year for the third 5 years.(iv) US$150,500 (S$231,300) per year for fourth 5 years.The pegged rate of payment shall be US$1 equal to Rp. 8,500.(c) Goodwill cooperation of Rp. 100,000,000 (S$17,000) (including VAT) on 20 December 2004.(d)(e)Goodwill compensation of Rp. 1,500,000,000 (S$254,000) that is to be paid(i) Rp. 500,000,000 (S$84,700) shall be paid on 20 December 2004 and(ii) Rp. 1,000,000,000 (S$169,500) shall be paid from 2005 until 2009 in 5 installments ofRp. 200,000,000 (S$33,900) per year with the first installment commencing 1 February 2005.Monitoring fee of Rp. 5,000,000 (S$847) per month including VAT that is to be paid quarterly on15 January, 15 April, 15 July and 15 October commencing 2004.2. Plaza SemanggiPT Primatama Nusa Indah (“PT Primatama”) entered into a BOTagreement with Yayasan Gedung VeteranRepublik Indonesia (“Yayasan Veteran”). PT Primatama has the right to build operate and transfer theproperty for a period of 30 years commencing July 2004. The BOT Agreement can be extendedautomatically for another 20 years under the same terms and conditions of the current lease with atleast 6 months prior written notice, and to such notice, Yayasan Veteran automatically grants its approvalfor the extension.PT Primatama shall pay to Yayasan Veteran annually 5% of its gross income from the lease of premisesand parking spaces (excluding taxes) of each year, commencing from the date of commencement ofoperations to the 15th year.From the 16th year, PT Primatama shall pay Yayasan Veteran 10% of its gross income from the lease ofpremises and parking spaces (excluding taxes) for each year.3. Ekalokasari PlazaPT Indah Pesona Bogor (“PT Indah”) entered into a BOT amendment agreement with PT Bogor LifeScience and Technology (“BLST”) representing Institute Pertanian Bogor (“Institute Pertanian”). PT Indahhas the right to build operate and transfer the property for a period of 31 years up to 2032.PT Indah shall pay BLST Rp. 12,000,000,000 (S$2,034,000) (excluding tax) comprising:(i) Rp. 4,000,000,000 (S$678,000) (excluding tax) for the utilisation of land;(ii) Rp. 500,000,000 (S$84,700) (excluding tax) for the additional compensation for the utilisation ofland;(iii) Rp. 960,000,000 (S$162,700) (excluding tax) that will be paid for the extension of the validity of theBOT agreement;(iv) Rp. 6,290,000,000 (S$1,066,100) (excluding tax) for early payment of kiosk / tenancy rental incomeprofit sharing which was previously of 15% of PT Indah’s kiosk / tenancy rental income;(v) Rp. 250,000,000 (S$42,400) (excluding tax) for early payment of shopping centre operational netincome profit sharing, which previously as 50% of PT Indah’s shopping centre net income.PT Indah has paid Rp. 4,000,000,000 (S$678,000) for the utilisation of land and has the remaining amountof Rp. 8,000,000,000 (S$1,356,000) which is to be paid in 4 installments from June 2007 to September2007.PT Indah can extend the term of the agreement with 6 months prior written application.B-24