PT. Bank Mandiri Persero Tbk Investment Credit Facility I

113 108 109 This facility is secured by, among others, the following - Collateral in the form of land of the shipyard - Collateral in the form of 2 unit offices - Joint Collateral with IC-3 collateral under the name of PT Sukses Osean Khatulistiwa Line - Personal Guarantee of all shareholders - Corporate Guarantees from PT Sukses Osean Khatulistiwa Line, PT Armada Bumi Pratiwi Lines, PT Putra Utama Line. Investment Credit Facility III Deed of Credit Agreement No. 06 dated 17 April 2014, which approved a financing in the form of Non Cash Loan – LCSKBDN with a total value of Rp 325,737,000,000.00 for a period from 1 April 2014 up to 8 August 2019, and is subject to an interest rate of 11 per annum. This facility is secured by the shipyard and joint collateral with cross default clause for the collateral of IC 1 and IC 2 facilities. Treasury Line Credit Facility I Deed of Agreement on Treasury Transaction Services I No. 30 dated 9 February 2012, which approved the provision of services for foreign exchange transactions and as a hedge instrument for the risk of losses arising from fluctuation in foreign exchange. The facility is not intended to be utilized for transaction purposes and has a total value of USD 8,500,000.00, with a period of 90 months commencing on the signing date of this agreement. Treasury Line Credit Facility II Deed of Agreement on Treasury Transaction Services I No. 31 dated 9 February 2012, which approved the provision of services for foreign exchange transactions and as a hedge instrument for the risk of losses arising from fluctuation in foreign exchange. The facility is not intended to be utilized for speculation purposes and has a total value of USD 33,000,000.00, with a period of 90 months commencing on the signing date of this agreement. The facilities referred to above are secured by, among others, the following: - Personal Guarantee from Go Darmadi and Paulus Utomo - Fiduciary lien on stockprogress of shipbuilding project. Non Cash Loan Credit Facility I Deed of Approval of Non Cash Loan Credit Facility I NCL-1 BG and LC or SKBDN Sub Limit TR No. 23 dated 18 September 2013, which approved the limit of USD 19,847,500.00 for issuance of Bank Guarantee, LCSKBDN and sub limit TR facility to facilitate Sight LC or SKBDN for a certain period of time that will end on 17 March 2017. The facility is secured by, among others, the following: - Fiduciary lien on stockprogress of shipbuilding project. - Joint collateral with cross default clause on the collateral for IC-I, IC-II, TL I and TL II facilities. Non Cash Loan Credit Facility II Deed of Approval of Non Cash Loan Facility II NCL-II BG and LC or SKBDN Sub Limit TR No. 17 dated 11 June 2014, which approved a limit of USD 19,847,500.00 for issuance of Bank Guarantee, LCSKBDN and sub limit TR facility to facilitate Sight LC or SKBDN for a period of 3 three years and 6 six months commencing on the date of signing of this agreement for NCL BG and LCSKBDN facilities and 2 two years and 6 six months commencing on the effective date of the contract and may be adjusted in accordance with the duration of the contract obtained sub limit TR facility. This facility is secured by, among others, the following: - Fiduciary lien on stockprogress of shipbuilding project - Collateral tied to the collateral for Non Cash Loan 1NCL-1 facility. All credit collateral referred to above are joint collateral for all credit facilities obtained by Debtor, which contains cross default clause.

2. PT. Bank Jasa Jakarta.

Deed of Credit Agreement No. 17724KRDJJ112010 dated 18 November 2010 and all amendment thereof, which approved the loan in the form of overdraft with a total value of Rp 9,000,000,000.00 and 114 110 acceptance loan totaling Rp 1,000,000,000.00, valid up to 18 November 2014. This facility is secured by a parcel of land owned. Material Agreements Between MOS and Other Third Parties Agreement with Unaffiliated Parties 1. Agreement on Designation of Industrial Land Owned by the Government of Karimun Regency for Shipyard Construction under No. 180HKPX122010 dated 26 October Year 2010, between the Government of Karimun Regency as the First Party Land Owner and PT Multi Ocean Shipyard as the Second Party Land Manager, which stipulates the following terms and conditions: Period : The use of land for 30 thirty years, which is eligible to a first extension of 30 thirty years and a second extension of 30 thirty years, totaling 80 eighty years. Dispute Settlement : In the event of disputes or conflicts arising from this agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI. 2. Agreement on the Shipbuilding Construction of 1 Unit Refined Oil Tanker 17,500 LTDW Hull No. 7008 under No. 003F300002013-S0 dated 7 June 2013, between PT Pertamina Persero as the Buyer and PT Multi Ocean Shipyard as the Builder, which stipulates the following terms and conditions: Period : 24 months Dispute Settlement : In the event of disputes or conflicts arising from this agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI. 3. Agreement on the Shipbuilding Construction of 1 Unit Avtur Tanker 17,500 LTDW Hull No. 7009 under No. 012F000002014-S0 dated 7 May 2014, drawn up before Hasnah, S.H., in Jakarta between PT Pertamina Persero as the Buyer and PT Multi Ocean Shipyard as the Builder, which stipulates the following terms and conditions: Period : 24 months. Date of submission of the ship is 24 twenty four months from the effective date; The effective date is 30 thirty days from the date of signing the contract. Dispute Settlement : In the event of disputes or conflicts arising from this agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI. 4. Agreement on the Shipbuilding Construction of 1 Unit Crude Oil Tanker 17,500 LTDW Hull No. 7010 under No. 013F000002014-S0 dated 7 May 2014, drawn up before RR. Y. Tutiek Setia Murni, S.H., M.H, in Central Jakarta, between PT Pertamina Persero as the Buyer and PT Multi Ocean Shipyard as the Builder, which stipulates the following terms and conditions: Period : 24 months. Date of submission of the ship is 24 twenty four months from the effective date; The effective date is 30 thirty days from the date of signing the contract. Dispute Settlement : In the event of disputes or conflicts arising from this agreement, the Parties shall settle such disputesconflicts amicably. In the event that amicable settlement cannot be reached, the Parties agree to settle such disputesconflicts through Badan Arbitrasi Nasional Indonesia BANI. 5. Lease Financing with Option Agreement No. 12-0270 dated 15 May 2012, privately arranged between MOS as the Lessee and PT BCA Finance as the Lessor.