Nomination Appointment of Directors

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6. Term of Office

The provisions relating to the Term of Office of the Board of Directors are: a. Term of Office of the members of the Board of Directors is 5 five years and may be reappointed for 1 one term. 12 b. The employment of the Director will end, if: 13 1 Passed away, 2 The tenure ends 3 Dismissed based on the decision of the GMOS, 4 No longer qualified as a member of the Board of Directors based on the provisions of the Articles of Association and legislations including the double post holding that is prohibited and 5 Resignation. Double post holding that is prohibited among others is as follows: 14 a The Board of Directors in other SOE, locally-owned enterprises, private enterprise b The Board of CommissionersSupervisory Board in other SOE, c other structural and functional positions in central or district government agenciesinstitutions, d Other positions in accordance with the provisions of the legislation, e official of political party, member of legislative andor district headdeputy head, andor, f other position which may create any conflict of interest, g become candidates of legislative or candidates of district headdeputy head.

7. Dismissal of Members of the Board of Directors at Any Time Prior to the Term Ends

a. The GMOS can dismiss member of the Board of Directors at any time by notifying in writing to the concerned member accompanied 12 Article of Association of PT SUCOFINDO PERSofERO Article 10 Paragraph 11 13 Article of Association of PT SUCOFINDO PERSERO Article 10 Paragraph 30 14 Regulation of the Minister of SOE No. PER-03MBU022015 Article IV Letter A Paragraph 5 13 CHAPTER I INTRODUCTION CHAPTER II BOARD OF DIRECT ORS BOD CHAPTER III BOARD OF COMISSIONERS BOC CHAPTER IV ACTIVITY AMONG COMP ANY’S ORGAN CHAPTER V CLOSING 1 14 with the dismissal reason. 15 The dismissal decision is taken after the concerned member is given a chance to defend himself. b. In the event that the dismissal is conducted outside of the GMOS, then the defense is communicated in writing to the Shareholders within a period of fourteen 14 days from notification to the member of the Board of Directors concerned. 16 c. Reasons for dismissal as stated in point a is carried out if based on the fact the member of the Board of Directors concerned among others: 17 1 Unable to meet its obligations which have been agreed upon in management contract, 2 Unable to perform hisher job properly, 3 Not implement the legislation andor the provisions of the Articles of Association, 4 Involved in actions that are detrimental to the Company andor the State, 5 Performed actions that violate the ethics andor appropriateness that have to be respected as a member of the Board of Directors of the Company, 6 Found guilty by the court ruling that has permanent legal force, 7 Resigning, 8 Other reasons which are deemed appropriate by the GMOS for the interests and objectives of the Company. d. Dismissal of member of the Board of Directors is effective as of the closing of the GMOS as stated in point a or any other date set by the GMOS. 18 e. The member of Board of Directors, who is dismissed, is stiil accountable from the beginning of the fiscal year up to the effective date of the dismissal, as long as the action of the Board members is reflected in the Annual Report of the fiscal year concerned. f. The GMOS may appoint other person to fill in the position of the member of the Board of Directors, who was dismissed, and the GMOS can appoint a person as a member of the Board of Directors to fill in the vacant position. Term of Office of the person, who is appointed to replace the member of the Board of Directors that