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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013 117
30. OTHER MATTERS
(i) Right of First Refusal (“ROFR”)
On 14 August 2007, an agreement was entered into between the Trustee and the Sponsor pursuant to which the Sponsor
granted the Trust, for so long as (a) LMIRT Management Ltd remains the Manager of the Trust; and (b) the Sponsor and/
or any of its related corporations, alone or in aggregate, remains a controlling shareholder of the Manager; a ROFR over
any retail properties located in Indonesia (each such property to be known as a “Relevant Asset”): (i) which the Sponsor
or any of its subsidiaries (each a “Sponsor Entity”) proposes to sell or transfer (whether such Relevant Asset is wholly-
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corporation of such Sponsor Entity pursuant to a reconstruction, amalgamation, restructuring, merger or any analogous
event) to an unrelated third party; or (ii) for which a proposed ofer for sale or transfer of such Relevant Asset has been
made to a Sponsor Entity.
At statements of fnancial position date, the scope of the ROFR encompasses three Indonesia properties, namely Kuta
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Sponsor and/ or its subsidiaries.
(ii) Build, Operate and Transfer (“BOT”) Agreements
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for another 20 years under the same terms and conditions of the current lease with at least 6 months prior written notice,
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#BOEVOH *OEBI 1MB[B
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B OFX BHSFFNFOU 1%+, NVTU OPUJGZ UIF 15 .FHBI PO XIFUIFS PS OPU JU IBT UIF JOUFOUJPO UP PQFSBUF UIF CVJMEJOH BOE
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cannot be assigned without prior approval.
NOTES TO THE FINANCIAL STATEMENTS (CONT’D)
31 December 2013