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B. Vessel Charter Agreements
In performing its business activities, the Company has entered into vessel charter agreements with related parties of the Company, whereas such contracts andor transactions are continuous. These contracts include the following:
1. Platform Supply Vessel Service Contract No. 1108383-A dated 1 March 2010 privately-drawn by and between WT as “Company” and PT PSV Indonesia as “Contractor”, with the following terms and conditions:
Purpose of Agreement: Sets forth terms and conditions of Works which shall be the Contractor’s obligations for each Company and sets forth the contractual rights and responsibilities of the Parties,
Governing Law : Law of Republic of Indonesia
Contract Object : Greatship Rekha and Greatship Diya Contract Value
: USD 55,830,748.74 fifty five million eight hundred thirty thousand seven hundred forty eight point seven four US Dollar
Term : Effective from the Effective Date until 693.25 six hundred ninety three point two five Days
from the Date of Handover, as stated by the Operator in the Working Order for vessel handover, or demobilization of Drilling Unit, whichever is the latter, however no longer than 1
May 2014. 2. Charter Contract No. 146DKKSW-WTIV08 dated 25 April 2008 privately-drawn with sufficient stamp duty by and
between WT as Chartering Party and the Issuer as Owner, with the following terms and conditions: Contract Value
: US2,354.25 Charter Object
: SMS Prima or its Replacement SMS Express Term
: 27 April 2008 until 26 April 2011 3. Charter Contract No,220DKKWT-FOSVII10 dated 28 July 2010 privately-drawn with sufficient stamp duty by and
between WT as Chartering Party and Fast Offshore Supply Pte Ltd as Owner, with the following terms and conditions:
Contract Value : US4,754,000
Charter Object : FOS Polaris
Term : 11 August 2010 until 11 August 2011
4. Charter Contract No. 198DKKANN-WTI10 dated 27 January 2010 privately-drawn with sufficient stamp duty by and between WT as Chartering Party and PT Arial Niaga Nusantara as Owner, with the following terms and
conditions: Contract Value
: Rp.2,628,000,000.00 Charter Object
: BG SMS 2302 Term
: 29 January 2010 until 28 January 2011 5. Contract No. 191DKKSW-WTII09 dated 26 February 2009 privately-drawn with sufficient stamp duty by and
between WT as Chartering Party and Issuer as Owner, with the following terms and conditions: Contract Value
: US1,487,670 Charter Object
: SMS Mulia Term
: 1 March 2009 until 31 July 2013 6. Platform Supply Vessel Service Contract No. 1108383-C dated 1 March 2010 privately-drawn by and between WT as
Company and Seacoral Maritime Pte Ltd as Contractor with the following terms and conditions: Purpose of Agreement : Governs arrangement of PSV Vessel in regard of its utilization for offshore drilling with
GSF Explorer Drilling Unit in Makassar Strait, West Sulawesi, Indonesia Contract Value
: Maximum total contract value of US745,000 seven hundred and forty five thousand United States dollars
Contract Object : Go Cougar Term
: 1 March 2010 until 1 May 2014
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7.
Vessel Chartering Agreement No. 161DKKSSM-PSBVII2008 privately-drawn with sufficient stamp duty by and between SEN as the owner and PT Pelayaran Salam Bahagia as the chartering party with the following terms and
conditions: Charter Object
: SV Bintang Natuna Vessel
Charter Price :
US6.200 six thousand two hundred United States dollars per day total charter price of US6,782,800
Term : 1 July 2008 until 30 June 2011
C. Lease Agreements