Overview of Indirect Subsidiaries

100 96 Revenue 3,100,000 2,465,000 6,440,000 1,747,627 Gross Profit Losses 406,350 273,955 373,629 101,409 Operating Expense 36,445 417,448 39,068 -59,053 Total Comprehensive Income Losses for the year 442,795 117,631 334,561 159,819 2 Success Marlina Pte Ltd “SMP” a. Brief History SMP is a legal entity engaged in shipping industry, established in the form of a Private Limited,. SMP was established under the name of Success Marlina Pte Ltd., based on Articles of Association registration no. 201320849R dated 1 August 2013. From the date of establishment up to the date of issuance of this Prospectus, SMP’s Articles of Association has not been amended. SMP is located at: 111 North Bridge Road, 07-20 Peninsula Plaza Singapore Singapura Telephone: +65 6333 5768 Faximile : +65 6333 5767 b. Composition of Management and Supervision Board Based on Articles of Association registration no. 201320849R dated 1 August 2013: BOARD OF DIRECTORS Director : Johanes Utomo Director : Pieters Adyana Utomo Director : Paula Marlina c. Capital Structure and Shareholders Composition Shareholders Number of Shares Nominal Value USD 1 per share Percentage SIM 10,000 10,000 100.00 Total 10,000 10,000 100.00

d. Key Financial Highlights

As of the date of issuance of this Prospectus, there are no financial statements available for SMP as it was recently established on 1 August 2013 and has not commenced operation. 101 96 100,000 465,000 000 747,627 Losses 406,350 273,955 101,409 pense 36,445 417,448 -59,053 442,795 117,631 159,819 hares USD 1 entage 10,000 10,000 100.00 10,000 10,000 100.00 97

12. Diagram of Ownership between the Company‟s Shareholders, the Company and Subsidiaries

100 100 Note : Indonesia : Singapore : Panama PT. Soechi Group Go Darmadi Paulus Utomo Hartono Utomo 94 2 2 2 PT. Soechi Lines PT. Multi Ocean Shipyard 99.99 PT. Inti Energi Line 99.93 PT. Armada Bumi Pratiwi Line 99.91 PT. Sukses Osean Khatulistiwa Line 99.80 PT. Putra Utama Line 98.99 PT. Success International Marine Pte Ltd PT. Sukses Maritime Line PT. Armada Maritime Offshore 99.99 99.99 99.98 Success Marlina XXXIII SA PT Pilar Sukses Utama Paulus Utomo Success Marlina Pte Ltd PT Harapan Karya Utama PT Darma Pertiwi Raya Hartono Utomo Go Darmadi 92,4 92,4 92,4 30 30 30 PT. Agung Sukses Utama Individual 7 3 102 98 Presented below are the companies within the same business group as the Company: No. Name Domicile Main Activities Relationship with the Company 1 PT Rezeki Putra Energi Mangga Dua, Central Jakarta Wholesaler of gas, liquid and solid fuel Affiliated Company, family relationship between the Management and the Shareholders of PT lautan Pasifik Sejahtera and the Management and the Shareholders of the Company’s Group 2 PT Soechi Group Sudirman, South Jakarta Other technical and scientific professional services Majority Shareholder of the Company, 3 PT Lautan pasifik Sejahtera Tanjung Priok, North Jakarta Other management consulting Affiliated Company, family relationship between the Management and the Shareholders of PT lautan Pasifik Sejahtera and the Management and the Shareholders of the Company’s Group 4 PT Equator Maritime Sudirman, South Jakarta, Other management consulting Affiliated Company, family relationship between the Management and the Shareholders of PT Equator Maritime and the Management and the Shareholders of the Company’s Group 5 PT Vektor Maritim Sudirman, South Jakarta Other management consulting Affiliated Company, family relationship between the Management and the Shareholders of PT Vektor Maritime and the Management and the Shareholders of the Company’s Group 6 PT Tria Sumatra Medan, North Sumatera Hotel services Affiliated Company, the same shareholders and management

13. Material Agreements and Commitments with Third Parties

The Company’s Subsidiaries have executed several agreements with third parties in order to support its business activities. The agreements are, among others, as follows: Subsidiaries‟ Agreements

1 ABPL

Credit Agreement between APBL and Third Parties: PT. Bank Mandiri Persero Tbk Special Transaction Credit Facility Deed of Credit Agreement No. 5 dated 18 January 2011, and all amendments thereof, which approved the financing of assets in the form of 3 unit tankers, with a total value of USD 10,000,000.-, for a period from 18 January 2011 – 17 January 2018 that is subject to an annual interest of 6.5 per annum.