Exhibit 4.24
FOURTH AMENDMENT
FOR
DEVELOPMENT CONTRACT
PSTN EXCELLENCE REGIONAL
JUNCTION DIVRE-II
BETWEEN
PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA, TBK.
AND
CONSORTIUM OLEX-LUCENT-BRIMBUN
NO. PKS.21/HK.820/PEM-00/2003
DATED MARCH 20, 2003
FOURTH AMENDMENT
FOR
DEVELOPMENT CONTRACT
PSTN EXCELLENCE REGIONAL
JUNCTION DIVRE-II
BETWEEN
PERUSAHAAN PERSEROAN (PERSERO)
PT. TELEKOMUNIKASI INDONESIA, TBK.
AND
CONSORTIUM OLEX-LUCENT-BRIMBUN
NOMOR: PKS. 21/HK.820/PEM-00/2003
On this TWENTIETH day of MARCH, year TWO THOUSAND THREE placed at jakarta,
between the concerned parties:
I. PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA, TBK.,
telecommunications services and network provider established and
incoporated under the law of Republic of Indonesia, having its address
at jalan japati No. 1 Bandung 40133, in this legal act represent by,
TRI DJATMIKO, HEAD OF DEVELOPMENT DIVISION, based on the Power of
Attorney of President Director Number : K.TEL. 107/HK510/UTA-00/02
dated 15 August 2002, hereinafter referred to as TELKOM.
II. CONSORTIUM OLEX - LUCENT - BRIMBUN, a consortium formed by Notaries
Deed No. 9 DATED 14th December 2001, in front OF Notary Benny Djaja,
SH, SE, MM., having its address at Wisma Bisnis Indonesia 15th Floor,
JL. Letjen S. Parman Kav. 12, Jakarta-11480 whereas in this legal act
to be represented by FADJAR TJOANDA, as President Director OF PT. Olex
Cables Indonesia,
CONSORTIUM OLEX - LUCENT - BRIMBUN consist of:
PT. OLEX CABLES INDONESIA, having its address at Wisma Bisnis Indonesia
15th Floor, Jakarta, as CONSORTIUM LEADER, hereinafter referred to as
OLEX.
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PT LUCENT TECHNOLOGIES INDONESIA, having its address at Tifa Building
3rd Floor, Jakarta, as CONSORTIUM MEMBER, hereinafter referred to as
LUCENT.
PT. BRIMBUN RAYA INDAH, having its address at Jakarta Barat, as
CONSORTIUM MEMBER, hereinafter referred to as BRIMBUN.
hereinafter all together in this Amendment referred to as PARTNER.
By first taking into Consideration of the following matters:
a. whereas, TELKOM and PARTNER has been bound each other in Development
Contract PSTN Excellence Regional Junction DIVRE II Number:
PKS.14/HK810/UTA-00/2002 dated 8 February 2002, hereinafter referred to
as "MAIN CONTRACT".
b. whereas, TELKOM and PARTNER has changed some articles in the Main
Contract with the first Amendment Nomor PKS. 155/HK-820/UTA-00/2002
dated August 22, 2002, hereinafter referred to as "FIRST AMENDMENT";
Second Amendment Nomor PKS. 192/HK-820/UTA-00/2002 dated October 25,
2002, hereinafter referred to as "SECOND AMENDMENT"; Third Amendment
Nomor PKS. 121/HK-820/PEM-00/2002 dated December 20, 2002, hereinafter
referred to as "THIRD AMENDMENT".
c. whereas, TELKOM and PARTNER have agreed to amend the Scope of Work and
the Period of Implementation Time for several RINGs;
d. whereas TEKOM with it's Letter number : Tel. 232/LG.270/PEM-99/2003
dated March 19,2003 has agreed with Amendment IV;
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After having taken into consideration the above matters, TELKOM and PARTNER
have agreed to amend the provisions stipulated in the Main Contract, First
Amendment, Second Amendment and third Amendment in accordance with the following
terms and conditions :
ARTICLE 1
SCOPE OF WORK
(1) TELKOM and PARTNER have agreed to amend the Bill of Quantity (BoQ) of
the scope of work and added the new RING that was ACCELERATED OF RING
Y;
(2) Scope of Work based on this Amendment as specified in detail as stated
in attachment-II of this Amendment.
ARTICLE 2
CONTRACT AMOUNT
(1). The contract price based on this Amendment including VAT, insurance and
other taxes based on the law of Indonesia as follows :
- US $ 28,806,714.68 (Twenty eight million eight hundred six
thousand seven hundred forteen United States Dollar and
sixty-eight cents) and
- RP. 122.488.631.870,- (One hundred twenty-two billion four hundred
eighty-eight million six hundred thirty-one thousand eight hundred
seventy Indonesian Rupiah)
(2). The contract price per-ring system and it's breakdown as stated in
appendix II of this Amendment.
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ARTICLE 3
TIME IMPLEMENTATION PERIOD
(1) TELKOM and PARTNER have agreed to amend the Period of Time
Implementation for several RINGs, and the last RING should be completed
on March 19, 2004.
(2) The Schedulle of Time implementation for each RINGS as specified in
detail as mentioned in Attachment-III of this Amendment.
ARTICLE 4
ATTACHMENT
All attachment as follows shall be an unity that could not be separated of this
Amendment consist of:
Attachment-I :
Approval letter from TELKOM
Attachment-II :
Price summary Schedule
Attachment-III :
Implementation Schedule
Attachment-IV:
Disburment Plan
Attachment-V:
Minutes of Meeting (Design Review Meeting, Clarification & Negotiation)
ARTICLE 5
OTHERS
(1) This Amendment shall become effective as of the date after signing by
both parties.
(2) Articles and / or Attachments of the Main Contract and its Amendments
which are not amended by this Amendment, shall remain prevail and
legally binding by both parties.
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(3) Copy from this Original Amendment was made in 25 (twenty five) copies
by PARTNER on PARTNER'S own cost for the purpose of supervision of
implementation and others.
PT. TELEKOMUNIKASI INDONESIA, Tbk KONSORSIUM
OLEX-LUCENT BRIMBUN,
[STAMPED]
By: /s/ Tri Djatmiko By: /s/ Fadjar Tjoanda
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TRI DJATMIKO FADJAR TJOANDA
KEPALA DIVISI PEMBANGUNAN PIMPINAN KONSORSIUM
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