ROYALTIES PAYABLE 2009 Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.

176 Adaro Energy Annual Report 2009 From Us to Y ou Running Adaro Management Report Owning Adaro Governing Adaro Financial Report Contact Us Corporate Social Responsibility Adaro in Summary www.adaro.com PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 538 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 AND 2008 Expressed in million Rupiah, unless otherwise stated

21. LONG-TERM BANK LOANS continued b.

Senior Credit Facility syndicated loan On 13 August 2008, SIS the “Borrower”, and the Company the “Guarantor”, entered into a Senior Credit Facility agreement of US300,000,000 with a syndicate of banks consisting of ANZ Banking Group Ltd, Calyon, Standard Chartered Bank, DBS Bank Ltd, SMBC, United Overseas Bank Ltd, the Bank of Tokyo-Mitsubishi UFJ Ltd Singapore branch, Oversea-Chinese Banking Corporation Ltd, PT Bank Ekspor Indonesia “BEI”, PT Bank Mandiri Persero Tbk “Mandiri” Singapore branch as Mandated Lead Arrangers, SMBC as Facility Agent, PT ANZ Panin Bank as Common Security Agent and DBS Bank Ltd and PT Bank DBS Indonesia as account banks. This facility has a final maturity date of 30 June 2013 and is payable on a quarterly basis. This facility bears interest at LIBOR plus a certain percentage. This credit facility was used for the purpose of refinancing all the bank and other third party loans, and to finance the capital expenditures, working capital and acquisition of shares in SMP. Under this senior credit facility agreement, SIS is required to maintain certain financial ratios, with which SIS was in compliance as at 31 December 2009. SIS is also required to comply with certain terms and conditions on Articles of Association, the nature of business, corporate actions, financing activities and others. As at 31 December 2009, the outstanding balance of this facility was US230,360,000 2008: US235,110,000, which is repayable according to the following schedule: Payment schedule Payment amount year US 2010 46,200,000 2011 50,850,000 2012 53,250,000 2013 80,060,000 230,360,000 This loan is collateralised by: - all trade receivables owned by SIS; - all equipment, machinery, vehicles, and other moveable goods owned by SIS; - insurance claim on all equipment, machinery, vehicles and other moveable goods owned by SIS; - all Principal Agreements owned by SIS; - land and buildings owned by SMP; and - corporate guarantee from the Company.

c. PT Bank OCBC NISP Tbk

On 3 December 2009, SDM obtained a term loan facility of US15,000,000 from PT Bank OCBC NISP Tbk. This credit facility was used for purpose of refinancing a portion of Barito Channel project cost which was previously financed by ATA. The facility has a final maturity date of five years after first withdrawal and is payable on a semester basis. The loan bears interest at 3-month Singapore Interbank Offered Rate “SIBOR” plus a certain percentage and is payable on a quarterly basis. Under the loan agreement, SDM is required to maintain certain financial ratios, with which SDM was in compliance as at 31 December 2009. SDM is also required to comply with certain terms and conditions on Article of Association , the nature of business, corporate actions, financing activities and others. The loan is collateralised by: - All trade receivables owned by SDM at the maximum of US15,000,000; - Insurance claim which covers the risk of operating loss; - Letter of Comfort from Adaro. As at 31 December 2009, the outstanding balance of this facility was US15,000,000 which is repayable according to the following schedule: Payment schedule Payment amount year US 2010 1,251,000 2011 2,250,000 2012 3,000,000 2013 3,499,500 2014 4,999,500 15,000,000