1. The authorizer grants a power of attorney to the attorney-in-fact to represent their shares in a company.
2. The parties now agree to terminate this power of attorney, with the termination taking effect immediately upon signing.
3. The authorizer has the right to grant a new power of attorney to the incumbent president director and directors of the company to represent the shares.
1. The authorizer grants a power of attorney to the attorney-in-fact to represent their shares in a company.
2. The parties now agree to terminate this power of attorney, with the termination taking effect immediately upon signing.
3. The authorizer has the right to grant a new power of attorney to the incumbent president director and directors of the company to represent the shares.
1. The authorizer grants a power of attorney to the attorney-in-fact to represent their shares in a company.
2. The parties now agree to terminate this power of attorney, with the termination taking effect immediately upon signing.
3. The authorizer has the right to grant a new power of attorney to the incumbent president director and directors of the company to represent the shares.
-At [*] -Appear before me, [*] Sarjana Hukum, Notary domiciled in [*], in the presence of witnesses known to me, Notary, and whose names will be mentioned at the end of this deed : ----------------------------------------------- 1. -Mister [*], born in [*], on [*], private person, Indonesian Citizen, residing in [*], at [*], holder of Identity Card (Kartu Tanda Penduduk) of Jakarta Province Number [*]; ----------------------------- -(hereinafter referred to as the “Authorizer”). ------------------------- 2. -Mister [*], born in [*], holder of Passport of [*] Number [*]---------- -temporarily being in Jakarta; ----------------------------------------------- -according to his statement in this matter acting as President Director of limited liability company PT [*] , a company duly established and existing under the laws of the Republic of Indonesia and having its legal domicile in [*]---------------------------- -(hereinafter referred to as the “Attorney-in Fact”). ------------------------- -(the Authorizer and the Attorney-in Fact hereinafter referred to as the “Parties”). ------------------------------------------------------------------------------ -The appearers are known to me, Notary, based on their identity cards respectively. ---------------------------------------------------------------------------- -The appearers each acting in their above mentioned capacities hereby firstly declare as follows: ------------------------------------------------------------ -that the Authorizer, mister [*], is the shareholder of [*] shares (hereinafter referred to as the “Shares”) in a limited liability company PT [*], a company duly established and existing under the laws of the Republic of Indonesia and having its legal domicile in [*], which Articles of Association already amended many times, and the latest amendment contained in Deed Number [*], dated [*], executed before [*] Sarjana Hukum, Notary in [*], and approved by Minister of Laws and Human Rights by virtue of his Decision Letter Number [*] , dated [*] (hereinafter referred to as the “Company”); ----------------------------------- -that with regard to the Shares, the Authorizer grants a power of attorney to the Attorney-in Fact to act as his true and lawful attorney-in- fact with full power and authority for him and in his name and for his account and benefit, in relation to the Shares pursuant to a Power of Attorney dated [*], duly stamped, the original of said Power of Attorney is shown to me, Notary, whereas a photo copy of it is attached to this minutes of my notarial deed (hereinafter referred to as the “Power of Attorney”); ---------------------------------------------------------------------------- -that there are terms and conditions stipulated in the Power of Attorney, among other things that the Power of Attorney shall lapse and shall no _______________________________________________________________________________________ Kumpulan Contoh Akta Notaris & Surat Kontrak | 1 longer be of any force and effect upon the Attorney-in Fact as his attorney advising the Authorizer in writing that the Attorney-in Fact no longer wishes to act as attorney for the Authorizer and thereby disclaiming the authority contained therein.--- -------------------------------- -Based on the above mentioned explanation, the Parties agree to terminate the Power of Attorney based on the following terms and conditions : ----------------------------------------------------------------------------- ---------------------------------- Article 1 --------------------------------------------- The Parties agree that as of the signing of this Termination of Power of Attorney, the Attorney-in Fact no longer becomes the attorney of the Authorizer and therefore the Parties agree to terminate the Power of Attorney with immediate effect on the signing of this Termination of Power of Attorney. -------------------------------------------------------------------- ---------------------------------- Article 2 --------------------------------------------- The Parties agree that the Authorizer has right and is authorized to grant a new power of attorney regarding the Shares to the incumbent President Director and Director(s) of PT [*], either jointly or severally as his attorney-in-fact. --------------------------------------------------------------- ---------------------------------- Article 3 --------------------------------------------- The Attorney-in Fact agrees that the Authorizer has right to sign and submit all applications, reports, requests for approval or regulatory consent that may be required by any governmental authority or regulatory agency in the Republic of Indonesia, with regard to any actions required in relation to the termination of Power of Attorney. ---- ---------------------------------- Article 4 --------------------------------------------- The Parties agree that this Termination of Power of Attorney is executed on the understanding that the Authorizer has to grant a new power attorney regarding the Shares to the incumbent President Director and Director(s) of PT [*], either jointly or severally as stipulated in Article 2 above within [*]. ------------------------------------------ ---------------------------------- Ariticle 5 -------------------------------------------- The Attorney-in Fact agrees that the Authorizer is authorized to appear before a notary, a governmental or any other competent authority to execute all such documents and consents as are necessary for carrying out the provisions of this Termination Power of Attorney. ------------------ ------------------------- IN WITNESS WHEREOF ----------------------------------- -This Deed has been drawn up and executed in Jakarta as minutes, on the day, date and time mentioned in the preamble of this Deed, in the presence of : ---------------------------------------------------------------------------- 1. -Mrs. 2. -Mr. -both being employees of the Notary office, as witnesses. ------------------- -After this Deed having been duly read out by me, Notary, to the appearers and the witnesses, it was signed immediately by the appearers, the witnesses and me, Notary. --------------------------------------- -Executed _______________________________________________________________________________________ Kumpulan Contoh Akta Notaris & Surat Kontrak | 2