Minerals Report - International Seabed Authority

Appoint an authorized representative who shall have an office in
Jakarta.
After commercial production commences, fulfill the obligation to
supply domestic market in Indonesia under a strict formula as indicated in the
contract.
Give preference to goods and services that are produced in Indonesia
or rendered by Indonesian nationals provided they are equally advantageous
with respect to quality, price, availability and quantities required.
Pay income tax to the Government of Indonesia and comply with
Indonesian income tax laws and regulations, including keeping and showing
of books and records,
Comply with all applicable laws of Indonesia and not to conflict with
Indonesian obligations under international law,
Not to disclose geological, geophysical, petrophysical, engineering,
well logs and completion, status reports and any other data to third parties
without Pertamina written consent, even after the termination of the contract.
The contractor shall have the following rights:
To sell or transfer the rights and interests to affiliated company with
notification to Pertamina.
To sell or transfer rights and interests to non-affiliated company with
prior consent of Pertamina and the Government of Indonesia.
Retain control to all leased property and be entitled to freely remove
them.
Have the right of ingress and egress from the contract area.
Have access to all geological, geophysical, drilling, well, production
and other information held by Pertamina or Governmental agencies relating
to the contract area.
INTERNATIONAL SEABED AUTHORITY 860