Agreements with Affiliated Parties

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 119 114 248,604 3,918 3,510 256,032 ,839,738 y les, ement ergi No me DWT of acture ation 1 ana nker 2,297 BKI 2 ndya nker 4,992 BKI 3 a XVI nker BKI 115 4 MT. Golden Pearl XIV Motor Tanker 6,715 1993 BKI 5 MT. Stephanie XVIII Motor Tanker 1,585 1992 BKI 6 MT. Soechi Asia XXIX Motor Tanker 6,312 1994 NK, BKI Classification is Vessel Standard Operational Certificated issued by Association: BKI: Biro Klasifikasi Indonesia NK: Nippon Kaiji 2 IEL a. Vessels owned by IEL are, among others, as follows: No Vessel Name Type DWT Year of Manufacture Classification 1 MT. Alice XXV Motor Tanker 4,814 1993 BKI 2 MT. Alina XXIII Motor Tanker 96,920 1992 ABS, BKI 3 MT.Asumi XXVI Motor Tanker 6,320 1991 BKI 4 MT.Gas Soechi XXVIII Motor Tanker 3,930 1995 NK, BKI 5 MT. Soechi Chemical IX Motor Tanker 4,410 1989 BKI 6 MT.Soechi Chemical XXI Motor Tanker 2,235 1986 BKI Classification is Vessel Standard Operational Certificated issued by Association: BKI: Biro Klasifikasi Indonesia NK: Nippon Kaiji ABS: American Bureau of shipping 3 SOKL a. Building 1. Strata Title Certificate for an area totaling 342 m2 three hundred forty two square meter, situated on common land held under Building Rights Title No. B.501, valid up to 19 April 2029, located in Setiabudi Village, Setiabudi District, South Jakarta Municipality, DKI Jakarta Province based on Land Book of Strata Title Certificate No. 865XVIIIPlaza marein, issued by Head of Land Registry Office of South Jakarta Municipality dated 6 February 2008, in accordance with Blueprint Drawings No. 63892008 dated 4 February 2008 and Survey Certificate No. 40091984 dated 5 November 1984, registered under the name of SOKL. Land right under Strata Title Certificate No. 865XVIIIPlaza Marein is not in dispute and unencumbered, except encumberedmortgaged as a collateral to PT Bank Mandiri Persero, Tbk, as stipulated in the Deed of Encumbrance No. 022012 dated 20 February 2012, drawn up before Rina Diani Moliza, SH., PPAT in South Jakarta Municipality for First Class Mortgage. 2. Strata Title Certificate for an area totaling 342 m2 three hundred forty two square meter, situated on common land held under Building Rights Title No. B.501, valid up to 19 April 2029, located in Setiabudi Village, Setiabudi District, South Jakarta Municipality, DKI Jakarta Province based on Land Book of Strata Title Certificate No. 865XVIIIPlaza marein, issued by Head of Land Registry Office of South Jakarta Municipality dated 6 February 2008, in accordance with Blueprint Drawings No. 63912008 dated 4 February 2008 and Survey Certificate No. 40091984 dated 5 November 1984, registered under the name of SOKL. Land right under Strata Title Certificate No. 865XVIIIPlaza Marein is not in dispute and unencumbered, except encumberedmortgaged as a collateral to PT Bank Mandiri Persero, Tbk, as stipulated in the Deed of Encumbrance No. 032012 dated 20 February 2012, drawn up before Rina Diani Moliza, SH., PPAT in South Jakarta Municipality for First Class Mortgage.