1. BANGKOK | PHUKET | SAMUI | HO CHI MINH CITY | BALI
LEGAL SALES BRIEF
Rice is an exquisite villa development located in Tabanan, Bali. The
development is designed to provide an exclusive lifestyle investment
opportunity. The developer of Rice and their advisors have worked together
diligently on their aim to produce a comprehensive and secure as is
practicably possible legal pack for international buyers in Bali, Indonesia.
Acquiring a Property in Rice
In light of the legal environment of Indonesia, Rice offers buyers an indirect Freehold based
ownership investment. A buyer would enter into a set of agreements with the developer of
Rice being an Indonesian company with foreign investment capital set up by the founders of
the project (‘PT Rice Villa Developments’).
PT Rice Villa Developments will initially hold the entitlement over the project land (individual
villa plots and common areas) under a Right to Build (Hak Guna Bangunan or HGB) and a
buyer enters into the following sales contracts with PT Rice Villa Developments comprising
• Master Agreement including key management & rental terms for Rice project
• Agreement regarding the Villa Land Plot Acquisition; and
• Project Construction Management Agreement
These three contracts together form the Binding Sale and Purchase Agreement signed
between the developer and buyer which will comprehensively regulate the rights and
obligations of the parties in relation to the property acquisition process.
PT Rice Villa Developments, an Indonesian limited liability company, is the developer and seller of the Rice project.
Limcharoen Hughes & Glanville are not the developer or seller of the Rice project nor are they affiliates of PT Rice Villa
Developments and therefore have no legal responsibility for the performance of the developer and seller.

2. BANGKOK | PHUKET | SAMUI | HO CHI MINH CITY | BALI
Villa Land Plot
Under the Binding Sale and Purchase Agreement PT Rice covenants to allow you to indirectly
own your villa land plot through the use of a local Indonesian nominee. This is required as
under current Indonesian laws, freehold title (Hak Milik) can only be held by Indonesian
citizens. Under the Agreement regarding the Villa Land Plot Acquisition, the local Indonesian
nominee, whom you may freely designate, or whom PT Rice Villa Developments can provide
for you, will receive the freehold title (Hak Milik) over the villa plot from PT Rice Villa
Developments and simultaneously you as buyer would enter into a set of contractual
arrangements with the Indonesian nominee allowing you to ultimately control the villa plot.
In addition to this, there will be a long-term lease agreement in place between the
Indonesian and the buyer. It is legitimate for foreigners to have a long-term lease interest
over land and properties in Indonesia. Payments in relation to the land plot would be made
into a notary trust account from where monies are released upon completion in accordance
with the sales contracts.
Villa Construction
Under the Binding Sale and Purchase Agreement PT Rice Villa Developments will procure
construction of your villa on your land plot pursuant to the agreed specifications.
Construction would be carried out through qualified local partners and payments for
construction would be made in accordance with construction progress unless agreed
otherwise with the developer. The villas will be delivered fully furnished and the developer
will also procure construction of common areas.
Master Agreement
The Master Agreement which will also form part of the Binding Sale and Purchase
Agreement links both, the land plot acquisition and villa construction and makes them
interdependent and inseparable parts of the acquisition. The Master Agreement will further
include the key management and rental terms & conditions which will apply when the
project is completed and management operations including a mandatory rental program
offered to owners are about to commence work. The management and rental program
operation will be conducted by a separate company to be designated by the developer, the
management fee will be fixed for an initial term of two years, and the domestic services fee
will be fixed for an initial term of one year, and both may be reviewed and adjusted
subsequently in accordance with audited financial performance and based on any increases
in operating costs, if applicable.
PT Rice Villa Developments, an Indonesian limited liability company, is the developer and seller of the Rice project.
Limcharoen Hughes & Glanville are not the developer or seller of the Rice project nor are they affiliates of PT Rice Villa
Developments and therefore have no legal responsibility for the performance of the developer and seller.

3. BANGKOK | PHUKET | SAMUI | HO CHI MINH CITY | BALI
Reservation
The acquisition process starts with a reservation agreement you would sign with the
developer whereupon you will be provided with due diligence information regarding the
project land and copies of the sales contracts for your review as soon as possible. Following
the reservation and provision of the legal documentation you are expected to sign the
Binding Sale and Purchase Agreement with the developer within a given time frame.
Remitting Funds
In the course of your acquisition you will be required to remit funds to the developer who
will allocate the payments to the land plot acquisition and villa construction in accordance
with your agreements.
Completion
The villa land plot and villa will be transferred and handed over to the buyer upon
completion subject to receipt of the full purchase price. At that time buyers would also
enter into a management and rental program agreement with the developer or its
designated manager pursuant to the key management and rental program terms agreed
under the initial Master Agreement. The registration of land rights in Indonesia will require
the use of a public notary and will include government taxes and registration fees which will
be shared in accordance with the agreements.
PT Rice Villa Developments, an Indonesian limited liability company, is the developer and seller of the Rice project.
Limcharoen Hughes & Glanville are not the developer or seller of the Rice project nor are they affiliates of PT Rice Villa
Developments and therefore have no legal responsibility for the performance of the developer and seller.