Common use of Initial Responsibilities Clause in Contracts

Initial Responsibilities. The Parties agree that their responsibilities shall be as follows; 4.1 Andhika will secure the proper approvals to sell its' rights to the Property as well as its' rights to the Government Licenses. Andhika will assist with the development of the Project in conjunction with the Parties as needed. In particular, Andhika will take all steps necessary or deemed advisable by Singkamas to secure the CoW for the exploitation of coal on the Property. Andhika has reviewed preliminary geological surveys on the Property and will provide all of this information as well as all future information to the Parties on a continual basis. Andhika will give Singkamas first priority/option for any future coal mining opportunities for acquisition and/or for working together in seeking other coal mining projects. In particular, Andhika must give first priority to Singkamas to acquire any additional property which are contiguous with the current property. In those instances where these contiguous property and/or other property region are owned and/or controlled by friends, families, and/or directors of other local PT. Companies which are associated with Andhika, Andhika must give priority to Singkamas to acquire such property, if available. 4.2 Singkamas will be responsible to provide and/or secure financing for the Project, provide world-class technologies and management/exploration teams and, if necessary, a strategic operator(s) to develop the Property Singkamas will jointly assist the Project with Andhika. 4.3 Singkamas may appoint a qualified Indonesian party to accept the transfer of CoW and may at any time at its discretion cause or permit such party to transfer such property and licenses to any third party based on prevailing regulations and subject to Anugrah's continuing rights under the Agreement being respected by such transferee. 96 [SEAL]

Initial Responsibilities. The Parties agree that their responsibilities shall be as follows;: 4.1 Andhika will secure the proper approvals to sell its' it's rights to the Property as well as its' it's rights to the Government Licenses. Andhika will assist with the development of the Project in conjunction with the Parties as needed. In particular, Andhika will take all steps necessary or deemed advisable by Singkamas to secure the CoW for the exploitation of coal on the Property. Andhika has reviewed preliminary geological surveys on the Property and will provide all of this information as well as all future information to the Parties on a continual basis. Andhika will give Singkamas first priority/option for any future coal mining opportunities for acquisition and/or for working together in seeking other coal mining projects. In particular, Andhika must give first priority to Singkamas to acquire any additional property which are contiguous with the current property. In those instances where these contiguous property and/or other property region are owned and/or controlled by friends, families, and/or directors of other local PT. Companies which are associated with Andhika, Andhika must give priority to Singkamas to acquire such property, if available. 4.2 Singkamas will be responsible to provide and/or secure financing for the Project, provide world-class technologies and management/exploration teams and, if necessary, a strategic operator(s) to develop the Property Singkamas will jointly assist the Project with Andhika. 4.3 Singkamas may appoint a qualified Indonesian party to accept the transfer of CoW and may at any time at its discretion [SEAL] cause or permit such party to transfer such property and licenses to any third party based on prevailing regulations and subject to Anugrah's continuing rights under the Agreement being respected by such transferee. 96 [SEAL].