Circumstances of All Position of Members of the Board of Directors Vacant

1 18 then member of the Board of Directors, whose tenure have ended, can be determined by the GMOS to perform his jobs with the same power and authority. d. For the Acting Board member as referred in point b and c, besides still serving as the Board of Commissioners, he shall receive salary and allowancesfacilities same with the vacant Board member, not including the severance payments.

12. Temporary Transfer of Duties of The Board of Directors Members

a. If the President Director is absent or not available due to any reasons, which does not need to be proven to the third party, therefore one of the members of the Board of Directors, who is appointed in writing by President Director, has the authority to act for and on behalf of the Board of Directors and also carries out the tasks of President Director. 23 b. In the event that the President Director does not perform any designationappointment, a member of the Board of Directors with the longest tenurehas the authority to act for and on behalf of Directors and also carries out the tasks of the President Director. 24 c. In the event that there are more than 1 one members of Directors with the longest serving, the member with the longest tenure and the oldest in age has the authority to act for and on behalf of the Board of Directors and also carries out the tasks of the President Director. 25 d. In the event that one of the members of the Board of Directors, other than President Director, is absent due to any reasons, which does not need to be proven to the third party, the other members of the Board of Directors appoint one of members of the Board of Directors to carry out the tasks of the absent member of Directors. 26 e. in the event that a member of the Board of Directors is absent in a period of less than 30 thirty days, the ActingAlternate Director is appointed to perform the functions of the Director provided that the appointment should be in accordance with the decision of the Board of Directors. 23 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 21 24 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 22 25 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 23 26 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 24 18 1 19 f. In the event that a member of the Board of Directors is absent for a period of more than thirty 30 days, the Acting Alternate Director, which is derived from other existing Board of Directors members, shall be appointed by the Board of Commissioners to perform the functions of the Director. In such temporary transfer of Duty: the Acting PJS Alternate Director only performs Director function without any power of attorney to attend the meetings of the Board of Directors. Arrangement related to the temporary transfer of duties of member of the Board of Directors is stipulated in the Decree of the Board of Directors of the Company.

13. Temporary Subtitute of the Board of Directors Members

In the event that there is a member of the Board of Directors is absent due to named a suspect, who is arrested physically for more than 90 ninety days, or prolonged aching for more than 180 one hundred eighty days, the Temporary Substitute PGS is appointed to run the functions of the Director under the condition that the appointment of Temporary Substitute is in accordance with the decision of the BOC. In the event of such temporary transfer of duties: The Temporary Substitute PGS runs Director function temporarily in addition to his ongoing duties as Member of the BOD, and has 2 two votes rights, which are as his current Director and as a Temporary Subsitute of Director, to attend and take decisions in the BOD meetings. B. INDUCTION AND CAPABILITY ENHANCEMENT PROGRAMS 1. Induction Program 27 The Board of Directors member who is appointed for the first time must be provided with an Induction Program regarding the Company. The induction program is intended to allow the newly appointed Board of Directors members able to understand the background and the business activities of the Company as well as to understand all aspects 27 Regulation of the Minister of SOE No. PER-09MBU2012 Article 43 19 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING