EXAMPLE MEMORANDUM OF UNDERSTANDING

MEMORANDUM OF UNDERSTANDING

PT. GORDYN RAYA

With

PT. AMADILA ART

On Monday, 30th January 2017 (30-01-2017) housed in PT. Gordyn Raya, The following parties autographed below:

1.     Rininda Dhaneswara, as leader of the company in this case acts as the FIRST PARTY and on behalf of PT. Curtain Raya which is located on Jl. Armageddon 200 Bandung - West Java.

2.   Rian Larasati, as leader of the company in this case acts as the SECOND PARTY and on behalf of PT. Amadila Art, located on Jl. Bacang No. 48 Bandung.

The following considerations will be reported:

a.     FIRST PARTY is an enterprise, which is incorporated in the form Company engaged in the manufacture of curtains.

b.      SECOND PARTY is a company incorporated in the form of a company engaged in the manufacture of various kinds of fabric design motif.

c.   THE PARTIES Where as in this case intends to cooperate manufacture special patterned curtain that will launch in September 2012

On the basis of the considerations outlined above, THE PARTIES further explained by this agreement and agreed to hold a Memorandum of Understanding / MoU mutually beneficial cooperation with the provisions and requirements as follows:

ARTICLE 1

This Memorandum of Understanding is the first step in order to attempt to mutually beneficial cooperation by utilizing the potential, expertise and facilities owned by each party in order to manufacture a patterned curtain design specifically following marketing is developing and will dilaunchingkan next September. With this regard is expected to be a change in visit on each company.

ARTICLE 2

The scope of work agreed upon in the MoU are as follows:

1.       Each firm maximizes the manufacture of curtains or special design motif that is different from usual.

2.   Each of these companies continue to manage the realm of each other's work but still focuses on joint business activities to be completed within the allotted time.

3.    Companies that have agreed in joint activities to optimize the sale of special patterned curtain this visit will achieve the highest good quality.

ARTICLE 3

To carry out the work force in Article 2 above, THE PARTIES will make cooperation agreement which contains rights and obligations, and the role and function of the position of each party.

ARTICLE 4

Costs arising from the implementation of this MoU will be shared by each PARTY in this Memorandum.

ARTICLE 5

Benefit-sharing is agreed by both parties mutually benefit each other. That is, with the system 50: 50 so that it is considered profit sharing was fair to each other. Since the signing of this MoU

ARTICLE 6

1.     The MoU is valid for a period of 12/1 (month / year), starting from this Memorandum of Understanding is signed and can be extended for a certain period of time agreed upon by the PARTIES, before or after the MOU expires.

2.       If the provisions regarding the period referred to in paragraph (1) above is not followed up immediately as the implementation of the provisions of Article 3 in this Memorandum of Understanding, then by self mutually beneficial cooporation agreement is void and / or ends.

                                                                                          

This Memorandum of Understanding / MoU is made in 2 (two), agreed upon and signed by the PARTIES in a conscious state, physically and mentally healthy, with no pressure, influence, coercion from any party, with stamped and valid

The FIRST PARTY                                                      SECOND PARTY

Rininda Dhaneswara                                                        Rian Larasati