On 28 November 2017, the Company and PT Branita Sandhini, a company under Monsanto Group (“BS”), have signed an Asset Transfer and Purchase Agreement or Perjanjian Pembelian dan Pengalihan Aset (“ATPA”), pursuant to which the Company and BS have  agreed to undertake sale and purchase of assets owned by BS, i.e. seed processing plant, dehumidified cold warehouse, dryers, including the equipment located in at Jl. Raya Pacing-Dlanggu KM1, Sumberwono Village,  Bangsal District, Mojokerto Regency, East Jawa, Indonesia, in the land plot with HGB titles of 84.700 m2 and building of 17.924 m2.

The value of the Proposed Assets Purchase Transaction is Rp163.980.000.000,- (one hundred and sixty three billion, nine hundred and eighty million Rupiah). The Completion of the Proposed Assets Purchase Transaction shall be undertaken on 20 December 2017 or any other date as mutually agreed in writing by the Parties by way of signing Deed of Sale and Purchase before Land Deed Official for the land and building assets and Minutes of Delivery for the Fixed Assets.

The Company and BS have no afiliation relationship and the Proposed Assets Purchase Transaction is not a Material Transaction  as referred to in Regulation No. IX.E.2, Attachment of Decree of Chairman of the Supervisory Board of Capital Markets and Financial Institutions No. Kep-614/BL/2011 dated 28 November 2011 on Material Transaction and the Change of Core Business, since the value of the Proposed Assets Purchase Transaction is less than 20% of the Equity value of the Company based on its audited Consolidated Financial Statements  for the year ended on 31 December 2016 (Rp412.705 million).

The source of funds used for the Proposed Assets Purchase Transaction shall be from the internal cash flow of the Company.

If the Proposed Assets Purchase Transaction is undertaken, the Company may increase its seed production capacity faster, in anticipation  of the upcoming increase in seed demand.

On 28 November 2017, the Company and PT Branita Sandhini, a company under Monsanto Group (“BS”), have signed an Asset Transfer and Purchase Agreement or Perjanjian Pembelian dan Pengalihan Aset (“ATPA”), pursuant to which the Company and BS have  agreed to undertake sale and purchase of assets owned by BS, i.e. seed processing plant, dehumidified cold warehouse, dryers, including the equipment located in at Jl. Raya Pacing-Dlanggu KM1, Sumberwono Village,  Bangsal District, Mojokerto Regency, East Jawa, Indonesia, in the land plot with HGB titles of 84.700 m2 and building of 17.924 m2.

The value of the Proposed Assets Purchase Transaction is Rp163.980.000.000,- (one hundred and sixty three billion, nine hundred and eighty million Rupiah). The Completion of the Proposed Assets Purchase Transaction shall be undertaken on 20 December 2017 or any other date as mutually agreed in writing by the Parties by way of signing Deed of Sale and Purchase before Land Deed Official for the land and building assets and Minutes of Delivery for the Fixed Assets.

The Company and BS have no afiliation relationship and the Proposed Assets Purchase Transaction is not a Material Transaction  as referred to in Regulation No. IX.E.2, Attachment of Decree of Chairman of the Supervisory Board of Capital Markets and Financial Institutions No. Kep-614/BL/2011 dated 28 November 2011 on Material Transaction and the Change of Core Business, since the value of the Proposed Assets Purchase Transaction is less than 20% of the Equity value of the Company based on its audited Consolidated Financial Statements  for the year ended on 31 December 2016 (Rp412.705 million).

The source of funds used for the Proposed Assets Purchase Transaction shall be from the internal cash flow of the Company.

If the Proposed Assets Purchase Transaction is undertaken, the Company may increase its seed production capacity faster, in anticipation  of the upcoming increase in seed demand.