Other Duties Duties and Obligations of the Board of Directors

1 33 loan granted to a subsidiary company with the condition that the loan to Subsidiary is reported to the Board of Commissioners. 2 Pledge the fixed assets for drawdown of short term credit. 3 Release the movable fixed assets with economical life up to 5 five years. 4 Write off bad debts. 5 Establish cooperation with other business entity or other party in the form of licensing cooperation, contract management, asset leasing, joint operations KSO, Built Operate Transfer BOT, Built Own Transfer BowT, Built Transfer Operate BTO and other cooperation with specific value or time period determined by the GMOS. 6 Prepare and establish the organizational structure up to 1 one level below the Board of Directors. 7 Appoint the Corporate Secretary and the Head of Internal Audit Unit IA The decision of the Board of Commissioners towards the Board of Directors proposal, is submitted or notified to the Board of Directors within a period of 30 thirty days as regulated in Articles of Association from the receipt of the recommendation proposals or explanation and completed documents from the Board of Directors. However, if the Board of Commissioners does not provide any decision within the time frame, then the Board of Commissioners is considered approving the proposal of the Board of Directors. c. The Board of Directors is authorized to perform the following deeds after obtaining a written response from the Board of Commissioners and approval of the GMOS 68 . i. Pledge fixed assets for drawdown of mediumlong term loans ii. Bind the Company as a guarantor borgavalist. iii. No longer collect bad debts that have been written off iv. Conduct capital investment in other company. v. Establish subsidiaries andor joint ventures. vi. Release equity in subsidiaries andor joint ventures. 68 Article of Association of PT SUCOFINDO PERSERO Article 11 Paragraph 10 33 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