PT TOYOTA ASTRA FINANCIAL SERVICES

117 112 113 Charter Period : 1 one year commencing on the ship handover, with an option to extend for 6 six months and an additional extension option for 6 six months.

14. Agreements with Affiliated Parties

1. Management Service Agreement dated 28 December 2012, which was last arranged privately and duly stamped between PT Equator Maritime as the First Party and ABPL as the Second Party, with the following details: Object of the Agreement : That the First Party agrees to provide services in the form of management services, monitoring services and operational services or other services to facilitate the operational management of the Second Party, and the Second Party agrees to receive management services, monitoring services and operational services from the First Party. Period : 5 five years commencing on 1 January 2013. Management Fee : Rp 350,000,000.00 three hundred fifty million Rupiah per month; Rights and Obligations : Rights and Obligations of the First Party 1. Has the right to send invoices andor bills to the Second Party for the provision of services. 2. Has the obligation to provide management services andor monitoring services andor operational services andor other services required by the Second Party to facilitate the operation and management of the Second Party’s Company Rights and Obligations of the Second Party: 1. Has the obligation to pay according to the invocies andor bills received from the First Party. 2. With written notice to the First Party, has the right to terminate the agreement before the end of the period. Dispute Settlement : In the event of disputes or conflicts arising from this agreement, the Parties agree to settle such disputesconflicts amicable. In the event that amicable settlement cannot be reached, the Parties agree to settle the disputesconflicts through the District Court of Central Jakarta. 2. Management Service Agreement dated 28 December 2012, which was last arranged privately and duly stamped between PT Vektor Maritim as the First Party and ABPL as the Second Party, with the following details: Object of the Agreement : That the First Party agrees to provide services in the form of management services, monitoring services and operational services or other services to facilitate the operational management of the Second Party, and the Second Party agrees to receive management services, monitoring services and operational services from the First Party. Period : 5 five years commencing on 1 January 2013. Management Fee : Rp 335,000,000.00 three hundred thirty five million Rupiah per month; Rights and Obligations : Rights and Obligations of the First Party 1. Has the right to send invoices andor bills to the Second Party for the provision of services. 2. Has the obligation to provide management services andor monitoring services andor operational services andor other services required by the Second Party to facilitate the operation and management of the Second Party’s Company Rights and Obligations of the Second Party: 1. Has the obligation to pay according to the invocies andor bills received from the First Party. 118 114 2. With written notice to the First Party, has the right to terminate the agreement before the end of the period. Dispute Settlement : In the event of disputes or conflicts arising from this agreement, the Parties agree to settle such disputesconflicts amicable. In the event that amicable settlement cannot be reached, the Parties agree to settle the disputesconflicts through the District Court of Central Jakarta.

15. Transactions with Affiliated Parties

The Company entered into several material agreements with affiliated parties in order to, among others, support the Company’s operational activities and obtain additional working capital. Agreements with affiliated parties are entered into based on fair terms and conditions that would apply had such agreements been made with third parties arm’s length basis. Description 30 June 2014 Trade Payables: PT Rezeki Putra Energi 248,604 PT Vektor Maritim 3,918 PT Equator Maritime 3,510 Total 256,032 Due to a related party: PT Soechi Group 10,839,738 Presented below is the nature of affiliation between the Company and the parties referred to above based on the transaction as of 30 June 2014: Affiliated Party Nature of Affiliation Transaction PT Equator Maritime Affiliated Company Other receivables, trade receivables, purchase and revenue, ship management expense, and sale of vessels PT Vektor Maritime Affiliated Company Trade payables and ship management expense PT Rezeki Putra Energi Affiliated Company Trade payables, purchase PT Soechi Group Main Parent Entity Inter company down payment

16. Fixed Assets

Presented below is the list of assets owned by the Company and its Subsidiaries up to the date of issuance of this prospectus, consisting of, among others, the following: The Company : Assets in Subsidiaries: 1 ABPL a. Vessels owned by ABPL are, among others, as follows: No Vessel Name Type DWT Year of Manufacture Classification 1 MT. Andriana Motor Tanker 2,297 1994 BKI 2 MT. Soechi Anindya Motor Tanker 4,992 1971 BKI 3 MT. Angelia XVI Motor Tanker 3,546 1993 BKI