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acceptance loan totaling Rp 1,000,000,000.00, valid up to 18 November 2014. This facility is secured by a parcel of land owned.
Material Agreements Between MOS and Other Third Parties Agreement with Unaffiliated Parties
1. Agreement on Designation of Industrial Land Owned by the Government of Karimun Regency
for Shipyard Construction under No. 180HKPX122010 dated 26 October Year 2010, between the Government of Karimun Regency as the First Party Land Owner and PT Multi
Ocean Shipyard as the Second Party Land Manager, which stipulates the following terms and conditions:
Period :
The use of land for 30 thirty years, which is eligible to a first extension of 30 thirty years and a second extension of
30 thirty years, totaling 80 eighty years. Dispute Settlement
: In the event of disputes or conflicts arising from this
agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be
reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI.
2. Agreement on the Shipbuilding Construction of 1 Unit Refined Oil Tanker 17,500 LTDW Hull
No. 7008 under No. 003F300002013-S0 dated 7 June 2013, between PT Pertamina Persero as the Buyer and PT Multi Ocean Shipyard as the Builder, which stipulates the following terms
and conditions:
Period :
24 months Dispute Settlement
: In the event of disputes or conflicts arising from this
agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be
reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI.
3. Agreement on the Shipbuilding Construction of 1 Unit Avtur Tanker 17,500 LTDW Hull No. 7009
under No. 012F000002014-S0 dated 7 May 2014, drawn up before Hasnah, S.H., in Jakarta between PT Pertamina Persero as the Buyer and PT Multi Ocean Shipyard as the Builder,
which stipulates the following terms and conditions:
Period :
24 months. Date of submission of the ship is 24 twenty four months from the effective date; The effective date is 30
thirty days from the date of signing the contract. Dispute Settlement
: In the event of disputes or conflicts arising from this
agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be
reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI.
4. Agreement on the Shipbuilding Construction of 1 Unit Crude Oil Tanker 17,500 LTDW Hull No.
7010 under No. 013F000002014-S0 dated 7 May 2014, drawn up before RR. Y. Tutiek Setia Murni, S.H., M.H, in Central Jakarta, between PT Pertamina Persero as the Buyer and PT
Multi Ocean Shipyard as the Builder, which stipulates the following terms and conditions:
Period :
24 months. Date of submission of the ship is 24 twenty four months from the effective date; The effective date is 30
thirty days from the date of signing the contract. Dispute Settlement
: In the event of disputes or conflicts arising from this
agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be
reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI.
5. Lease Financing with Option Agreement No. 12-0270 dated 15 May 2012, privately arranged
between MOS as the Lessee and PT BCA Finance as the Lessor.
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111 6.
Lease Financing with Option Agreement No. 12-0289 dated 13 September 2012, privately arranged between MOS as the Lessee and PT BCA Finance as the Lessor
7. Lease Financing with Option Agreement No. 13-0154 dated 3 October 2013, privately arranged
between MOS as the Lessee and PT BCA Finance as the Lessor.
6
PUL
1. PT. Bank Mandiri Persero Tbk Investment Credit Facility I
Deed of Credit Agreement No. 13 dated 7 July 2011 and all amendment thereof, which approved the financing of investment in 2 unit tankers with a period of 6 years or 72 months,
including a 6 months grace period, commencing on the date of first withdrawal of the credit facilities, with a total value of USD 18,900,000 and is subject to an annual interest of 6,25 per
annum. The facility is secured by, among others, the following:
-
Collateral in the form of 1 one unit tanker, namely MT. Success Total XXXI
KI II Investment Credit Facility
Credit Agreement No. 14 dated 7 July 2011 and all amendment thereof, which approved the financing for the purchase of a tanker with period of 6 years or 72 months that is valid up to 6
July 2017, including a 6 months grace period commencing on 12 twelve months after the date of first withdrawal of the credit facility, with a total value of USD 11,100,000 and is subject to an
annual interest rate of 6.25 per annum. The facility is secured by, among others:
- Collateral in the form of 2 unit tankers, namely, MT Success Energy XXXII and MT Success Pioneer XXXV
- Fiduciary lien on vessel charter receivables for 1 month - Personal guarantee from all shareholders
- Corporate guarantee from PT Sukses Osean Khatulistiwa Line and PT Armada Bumi Pratiwi Line
- Cross collateral with the collateral for Investment Credit Facility 3 under the name of PT Sukses Osean Khatulistiwa Line
2. PT BCA FINANCE
a. Consumer Financing Agreement No. 1040520358-PK-004 dated 6 December 2012, privately
arranged by and between PT BCA Finance as the ―Creditor‖ and PUL as ―Debtor‖, which stipulates the following terms and conditions:
Type of Facility
: Consumer Financing Facility
Purpose :
To provide funding for the purchase of a motor vehicle, i.e, Toyota New Fortuner 2.5 G AT
Period :
3 Years b.
Consumer Financing Agreement No. 1040520358-PK-004 dated 6 December 2012, privately arranged by and between PT BCA Finance as the ―Creditor‖ and PUL as ―Debtor‖, which
stipulates the following terms and conditions: Type of Facility
: Consumer Financing Facility
Purpose :
To provide funding for the purchase of a motor vehicle, i.e, Toyota New Kijang Innova E AT
Period :
3 Years c.
Consumer Financing Agreement No. 1040520356-PK-003 dated 19 June 2012, privately arranged by and between PT BCA Finance as the ―Creditor‖ and PUL as ―Debtor‖, which
stipulates the following terms and conditions: Type of Facility
: Consumer Financing Facility
Purpose :
To provide funding for the purchase of a motor vehicle, i.e, Toyota New Fortuner 2.5 G AT Diesel
Period :
3 Years
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d. Consumer Financing Agreement No.1040520356-PK-003 dated 19 June 2012, privately
arranged by and between PT BCA Finance as the ―Creditor‖ and PUL as ―Debtor‖, which stipulates the following terms and conditions:
Type of Facility
: Consumer Financing Facility
Purpose :
To provide funding for the purchase of a motor vehicle, i.e, Toyota New Fortuner 2.5 G AT Diesel
Period :
3 Years e.
Consumer Financing Agreement No.1040520356-PK-001 dated 21 May 2012, privately arranged by and between PT BCA Finance as the ―Creditor‖ and PUL as ―Debtor‖, which
stipulates the following terms and conditions: Type of Facility
: Consumer Financing Facility
Purpose :
To provide funding for the purchase of a motor vehicle, i.e, Mercedes Benz SLK 250 Sport AT
Period :
3 Years f.
Consumer Financing Agreement No.1040520356-PK-005 dated 28 February 2013, privately arranged by and between PT BCA Finance as the ―Creditor‖ and PUL as ―Debtor‖, which
stipulates the following terms and conditions: Type of Facility
: Consumer Financing Facility
Purpose :
To provide funding for the purchase of a motor vehicle, i.e, yaitu BMW 520i AT
Period :
3 Years
3. PT TOYOTA ASTRA FINANCIAL SERVICES
Consumer Financing Agreement No. 90244413 dated 28 April 2013, privately arranged by and between PT Toyota Astra Financial Services as the ―Creditor‖ and PUL as ―Debtor‖, which stipulates the following
terms and conditions:
Type of Facility :
Consumer Financing Facility Purpose
: To provide funding for the purchase of a motor vehicle,
i.e. Toyota AvanzaF 52 G MT Period
: 35 months
Material Agreements Between PUL and Other Third Parties
Agreement with Affiliated Party Charter Agreement No. 30AAMLGLX2014 dated 1 October 2014, privately arranged and duly stamped
by and between PT Adiraja Armada Maritim AAM as the Owner and PUL as the Charterer, which stipulates the following provisions:
Object of the Agreement :
That AAM agrees to rent a motorsteamturbin tanker named KM Success Altair XLII Ship to PUL;B
Period :
3 three years commencing on the signing of the agremeent, namely 1 October 2014 up to 1 October 2017;
Settlement of Disputes :
In the event of disputes or conflicts arising from this agreement, the Parties agree to settle the
disputesconflicts through the District Court of Central Jakarta and in accordance with the Indonesian Law.
Agreements with Unaffiliated Parties
Time Charter Agreement dated 12 May 2014, privately arranged by and between PT Putra Utama Line as the Ship Owner and PT Pertamina Persero as the Charterer, which stipulates the following terms and
conditions:
Objective of the Agreement : That the Ship Owner charters its ship to the Charterer
Basis of the Agreement : The Ship Owner charters to and the Charterer charters from,
the use and services of the ship for a certain period of time based on the terms and conditions set forth in this
agreement, including introduction Part I, Part II, Part III and the appendices herein.
