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Al-Mehdi Match Makers 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, Al-Mehdi Match Makers has no right to transfer the land, use rights of... more

Page 5 ( Arts. 3.3, 4.12, 4.13 )

Cancellation or termination

Al-Mehdi Match Makers is obliged to start to develop the land within 6 months, and develop 1/5 of the leased... more

Page 4 ( Arts. 4.3, 4.5, 9, 10.2, 10.3 )

Company structure

Private limited company

Page 1 ( Preamble )

Corporate headquarters

H.no New, Kebele 03, Bole sub city, Addis Ababa, Ethiopia

Page 1 ( Preamble )

Country

Ethiopia

Page 1 ( Preamble )

Date - contract signature

30/7/2012

Page 10 ( Signature Page )

Environmental impact assessment and management plan

Al-Mehdi Match Makers is required to conduct an environmental impact assessment and deliver the report within three months of execution of the contract

Page 3 ( Art. 4.1(d) )

Environmental protections

Al-Mehdi Match Makers must provide good care and protection of the lease land and the natural resources thereon, including conserving... 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 cause to be provided, to Al-Mehdi Match Makers special investment privileges such... more

Page 6 ( Art. 6.2 )

Infrastructure

Al-Mehdi Match Makers has the right to build infrastructure such as dams, water boreholes, power houses, irrigation systems, roads, bridges,... more

Page 3 ( Arts. 3.2, 4.6, 10.4 )

Language

All communication and notice sent between the parties as required by the contract shall be in writing in English or Amharic language

Page 9 ( Art. 18.2 )

Location

Chocha kebele, Decha District, Kafa Zone, SNNP Regional State

Page 1 ( Art. 1.1 )

Name of company executing document

Al-Mehdi Match Makers Plc

Page 1 ( Preamble )

Other - miscellaneous

Al-Mehdi Match Makers shall not make any unauthorized use of the leased land beyond the predetermined purpose or objective or... more

Page 4 ( Art. 4.10 )

Other - operational

The Ministry of Agriculture is obliged to arrange access and use of facilities of the Ethiopian government and the Regional... more

Page 6 ( Art. 6.4 )

Physical security or protection of property

The Ministry of Agriculture shall 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 contract can be renewed if mutually agreed between the parties; If a party wishes to renew the agreement, it... more

Page 7 ( Arts. 2.1; 8 )

Reporting requirements

Al-Mehdi Match Makers shall provide correct data and investment activities reports upon request by the Ministry of Agriculture; The Ethiopian... more

Page 4 ( Art. 4.7; 5.1; 5.3 )

Resource(s)

Timber (for match stick farming)

Page 1 ( Art. 1.1 )

Restrictions on transactions with affiliated parties

Dividing the leased land among the shareholders of Al-Mehdi Match Makers to develop the leased land in an independent way... more

Page 5 ( Art. 4.11 )

Sacred, cultural, or historical sites

Al-Mehdi Match Makers must provide good care and protection of the lease land and the natural resources thereon, including conserving... more

Page 3 ( Art. 4.1 )

Signatories, company

Page 10 ( Signature Page )

Signatories, State

Tefera Derbew, Ethiopia

Page 10 ( Signature Page )

Size of concession area

1,000 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 10 ( Signature Page, Arts. 2.2.3, 11 )

Surface fees or rent

Al-Mehdi Match Makers is entitled to a 5-year grace period for the land rent; The rent for the first 5... more

Page 2 ( Arts. 2.2.1, 2.2.2, 2.2.4, 2.2.5, 4.8 and 5.5 )

Term

30 years

Page 2 ( Art. 2.1 )

Type of contract

Land lease agreement

Page 1 ( Preamble )

Year of contract signature

2012

Page 10 ( Signature Page )
Loading...
Metadata

Country

Ethiopia

Signature Year

2012

Resource

Timber (Wood)

Type of Document

Contract

Open Contracting Identifier

ocds-591adf-9496422371

Disclosure Mode

Government

This document has missing annexes

Land Matrix ID

#3815

More from

Ethiopia

More for

Timber (Wood)

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