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Agropeace Bio Ethiopia Plc, Lease, 2012
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Arbitration and dispute resolution

In the event of dispute, both parties will do their utmost to resolve the dispute amicably and to their mutual... more

Page 9 ( Art. 17 )

Assignment or transfer

Unless 75% of the land is developed, Agropeace has no right to transfer the land, land use rights or properties... more

Page 5 ( Arts. 4.12, 4.13 )

Audit mechanisms - financial obligations

The Ministry of Agriculture may monitor and establish that Agropeace is discharging and accomplishing its obligations diligently, provided that this... more

Page 5 ( Arts 5.1, 5.3 )

Cancellation or termination

The Ministry of Agriculture reserves the right to restore such lands covered by this contract which are not developed by... more

Page 6 ( Arts. 5.2; 6.5, 9, 10.1, 10.2 )

Company structure

Private limited company

Page 1 ( Preamble )

Corporate headquarters

676-4, Kebele 02, Kirkos Sub city, Addis Ababa, Ethiopia

Page 1 ( Preamble )

Country

Ethiopia

Page 1 ( Preamble )

Date - contract signature

24/08/2012

Page 1 ( Preamble )

Environmental impact assessment and management plan

Agropeace is required to conduct an environmental impact assessment and deliver the environmental impact assessment report within three months of execution of agreement

Page 3 ( Art. 4.1 (d) )

Environmental protections

Agropeace has obligation to provide good care and protection of the lease land and the natural resources hereon, including to... more

Page 3 ( Art. 4.1 )

Governing law

The governing law for operations under the agreement shall be the laws of Ethiopia

Page 8 ( Art. 12 )

Hardship clause or force majeure

Conditions of force majeure shall be governed by the Ethiopian Civil Code

Page 8 ( Art. 13 )

Income tax: exemptions

The Ministry of Agriculture undertakes to provide, or to cause to be provided, special investment privileges such as exemptions from... more

Page 5 ( Art. 6.2 )

Infrastructure

Agropeace has the right to build infrastructure such as dams, water boreholes, power houses, irrigation systems, roads, bridges, offices, residential... more

Page 3 ( Arts. 3.2, 4.6, 10.4, 6.4 )

Language

All communication and notice required shall be in writing in English or Amharic language

Page 9 ( Art. 18.2 )

Location

Gad kebele, Shinile District, Shinile Zone, Somali Regional State, Ethiopia

Page 2 ( Art. 1.1 )

Name of company executing document

Agropeace Bio Ethiopia Plc ('Agropeace')

Page 1 ( Preamble )

Other - financial/fiscal

The Ministry of Agriculture reserves the right to revise the lease payment rate as the need may arise; The Ministry... more

Page 2 ( Art. 2.2.5; Art. 5.5 )

Other - miscellaneous

The Ethiopian calendar shall be used and shall be controlling for the purposes of this contract

Page 9 ( Art. 15 )

Other - operational

Upon entering into this agreement, Agropeace shall submit an advance action plan with regards to the use of the leased... more

Page 4 ( Arts 4.4, 4.9, 4.10, 7 )

Physical security or protection of property

The Ministry of Agriculture must provide adequate security, free of cost, against any riot, disturbance or any other turbulent time... more

Page 6 ( Art. 6.6 )

Renewal or extension of term

The agreement can be renewed for another additional year on the same terms and conditions, provided the extension is mutually... more

Page 7 ( Art. 2.1, Art. 8 )

Reporting requirements

Agropeace shall provide correct data and investment activities reports upon request by the Ministry of Agriculture; The Ethiopian government has... more

Page 4 ( Art. 4.7; 5.1; 5.3 )

Resource(s)

Castor oil and cotton as a principal crop with rotational crops of soya bean and groundnut

Page 1 ( Art. 1.1 )

Restrictions on transactions with affiliated parties

Agropeace has the right to develop or administer the leased land on its own or through a legally delegated person... more

Page 3 ( Art. 3.3; Art. 4.11-4.14 )

Sacred, cultural, or historical sites

Agropeace is obliged to provide good care and conservation of the leased land and natural resources thereon; It must conserve... more

Page 3 ( Art. 4.1 )

Signatories, State

Tefera Derbew, Minister of Agriculture, Ethiopia

Page 10 ( Signature Section )

Size of concession area

2,000 hectares

Page 1 ( Art. 1.1 )

State agency, national company or ministry executing the document

Ministry of Agriculture. The Ministry of Agriculture, as representative and highest authority of Ethiopian government to this contract, shall guarantee... more

Page 1 ( Preamble, Arts. 2.2.3, 11 )

Surface fees or rent

Agropeace is entitled to a 4-year grace period for the land rent, after which the rent for that 4 year... more

Page 2 ( Arts.2.2; 4.8 )

Term

25 years

Page 2 ( Art. 2.1 )

Type of contract

Land lease agreement

Page 1 ( Preamble )

Work and investment commitments

Agropeace is expected to start to develop the land within six months from the date of execution of the agreement,... more

Page 3 ( Art. 4.3-4.5 )

Year of contract signature

2012

Page 1 ( Preamble )
Loading...
Metadata

Country

Ethiopia

Signature Year

2012

Resource

Castor oil (Ricinus communis) | Cotton | Groundnuts | Soybeans (Soya beans)

Type of Document

Contract

Open Contracting Identifier

ocds-591adf-7583138866

Disclosure Mode

Government

This document has missing annexes

Land Matrix ID

#1274

More from

Ethiopia

More for

Castor oil (Ricinus communis) | Cotton | Groundnuts | Soybeans (Soya beans)

This site provides summaries of contracts and their terms to facilitate understanding of their important provisions. These summaries are not interpretations of the documents. Neither the summaries nor the full contracts are complete accounts of all legal obligations related to the projects in question. This site also includes document text that was created automatically; such text may contain errors and differences from the original PDF files. No warranty is made to the accuracy of any content on this website.

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