Token Subscription Agreement Template for Indonesia

The Token Subscription Agreement is essential for any entity planning to issue digital tokens in Indonesia. This document is used when a company or organization wants to offer digital tokens to investors or users, whether for utility purposes, security tokens, or other digital assets. The agreement must be structured to comply with Indonesian regulations, including Government Regulation No. 99 of 2017 on Trading of Cryptocurrency Assets and relevant OJK regulations. It typically includes comprehensive details about the token offering, subscription terms, compliance requirements, risk factors, and investor protections. The document is particularly important given Indonesia's evolving regulatory landscape for digital assets and the need to ensure clear documentation of rights and obligations in token transactions.

1. Parties: Identification of the token issuer and subscriber

2. Background: Context of the token offering and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including technical cryptocurrency terms

4. Token Description: Detailed description of the tokens, including their nature, features, and underlying technology

5. Subscription Terms: Terms of the token subscription, including price, payment method, and allocation

6. Subscription Process: Step-by-step process for subscribing to and receiving tokens

7. Representations and Warranties: Statements of fact and assurances from both parties

8. Rights and Obligations: Rights conferred by the tokens and obligations of both parties

9. Risk Disclosures: Mandatory risk warnings and disclosures as per Indonesian regulations

10. Compliance Requirements: Regulatory compliance obligations, including KYC/AML requirements

11. Transfer Restrictions: Limitations on token transfer and trading

12. Term and Termination: Duration of the agreement and termination conditions

13. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability