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

Operating Companies: PT Multi Nusantara Karya, PT Selaras Maju, PT Sarana Karya Megah,PT Antara Nusa Permai, PT Primatama Kreasi Bersama and PT Kharisma Abadi SelarasPursuant to each of the operating costs agreements entered into between the relevant Retail MallIndonesian SPC and Operating Company (collectively, the “Operating Costs Agreements”), eachOperating Company has the right to collect, through the Property Manager, a service charge from thetenants of the relevant Retail Mall. The Operating Companies will utilise this service charge to cover thecosts directly related to the maintenance and operation of the Retail Malls. The Operating CostsAgreements will be valid for a period of three years commencing 1 January 2007.Each of the Operating Companies is an affiliate of the respective Vendor of the relevant Retail Mall.The table below shows the corresponding Operating Company for each Retail Mall:Retail MallOperating CompanyGajah Mada Plaza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cibubur Junction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .The Plaza Semanggi. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Mal Lippo Cikarang . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ekalokasari Plaza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Bandung Indah Plaza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Istana Plaza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PT Multi Nusantara KaryaPT Selaras MajuPT Primatama Kreasi BersamaPT Multi Nusantara KaryaPT Sarana Karya MegahPT Antara Nusa PermaiPT Kharisma Abadi SelarasProperty Manager: PT. Consulting & Management Services DivisionThe Property Manager, a wholly-owned subsidiary of the Sponsor, was incorporated in Indonesia on23 March 2006. Its registered office is located at Lippo Cyber Park, 2121 Lippo Karawaci Utara,Tangerang. Since 2006, the Property Manager has been engaged in the business of managingproperties in Indonesia.The Property Manager has entered into a property management agreement with each of the Retail MallIndonesian SPCs holding the relevant Retail Mall (collectively the “Existing Property ManagementAgreements”) under which the Property Manager will provide, among other things:• retail management services for the relevant Retail Mall including advising and developing a strategicmanagement policy for tenants and service providers, reviewing and implementing human resourcespolicies, accounting and finance procedures, maintenance, safety, security, cleaning and parking for therelevant Retail Mall, reviewing and providing input on vehicular and pedestrian flows and customerconveniences, public relations and customer services, insurance and tenancy mix policies;• advertising and promotion services;• lease documentation and monitoring systems and a management reporting system; and• building documentation system.(See “Certain Agreements Relating to LMIR Trust and the Properties—Description of Existing PropertyManagement Agreements”.)51