Description of The Company and Subsidiaries

- 43 - The amendments to the article 1 paragraph 1, article 3 and article 4 of the Company’s Articles of Association have been approved by MOLHR pursuant to its Decree No. AHU.54545.AH.01.02.Tahun 2010 dated 22 November 2010 and have been registered in the Company Register under No. AHU-0084333.AH.01.09.Tahun 2010 dated 22 November 2010. The amendments to the other articles have been notified to MOLHR pursuant to Notification Letter No. AHU-AH.01.10-30299 dated 25 November 2010, and have been registered in the Company Register under No. AHU-0085705.AH.01.09.Tahun 2010 dated 25 November 2010. 2. Deed of Statement of Resolutions of Extraordinary General Meeting of Shareholders No. 40 dated 8 December 2011, drawn before FathiahHelmi, S.H., Notary in Jakarta “Deed No. 402011”, whereby the shareholders of the Company resolved to amend the article 17 paragraph 1 of the Articles of Association regarding the Board of Commissioners, into “The Board of Commissioners consists of at least 2 Commissioners and a maximum of 7 Commissioners, 2 of which shall be appointed as the President Commissioner and the Vice President Commissioner”. Such amendment has been notified to MOLHR pursuant to Notification Letter No. AHU-AH.01.10-40244 dated 12 December 2011 and registered in the Company Register under No. AHU-0101199.AH.01.09.Tahun 2011 dated 12 December 2011. As of the issuance date of this Prospectus, the Company has 2 plants which are located at Jl. Raya Anyer Km. 123, Ciwandan, Cilegon, Banten 42447 and Jl. Raya Bojonegara, Desa Mangunreja, Kecamatan Bojonegara, KabupatenSerang, Banten 42456. In conducting its core business, the Company has obtained the following licenses: No. License Holder Remarks Expiry Date General Licenses 1. Company Registration Certificate “TDP” Company  TDP No. 09.02.1.20.24999 dated 7 January 2011, for the main office;  TDP No. 300412000085 dated 22 March 2011, for the branch office in Cilegon.  10 January 2015;  22 March 2016. Investment License PMA 1. Company Decree of the Head of the Capital Investment Coordinating Board BKPM No. 51IUIVPMAINDUSTRI2010 dated 31 December 2010 on Merger Business License BKPM grants this license with the following details: a. Surviving Company: the Company; b. Merging Company : CA; c. Merger Company : the Company. - Operational Licenses 1. Importer’s Identification Number Company Importer’s Identification Number – Producer API-P No. 090404518-B dated 11 January 2011 issued by the Head of BKPM on behalf of the Minister of Trade. Valid as long as the importer conduct its business activities. 2. Sea Water Withdrawal Permit Ijin Pengambilan Air Laut - “SIPAL” Company Decree of Cilegon Mayor No. 658.31Kep.433-BLH2011 dated 24 August 2011 24 August 2014 SIPAL shall be renewed at least 3 month prior to its expiry date. 3. Electric Power Business License for Private Use Ijin Usaha Ketenagalistrikan untuk Kepentingan Sendiri - “IUKS” Company  IUKS Steam Turbine Generator“STG”: Decree of the Head of Industry, Trade and Cooperative Service Office of Cilegon Municipality No. 671.1147PE2012 dated 28 December 2012. 5 years since 28 December 2012 and shall be re-registered every 2 years to the Industry, Trade and Cooperative Service Office of Cilegon Municipality. Company  First IUKS Genset: Decree of the Head of Industry, Trade and Cooperative Service Office of Cilegon Municipality No. 671.1120PE2012 dated 4 October 2012;  Second IUKS Genset: Decree of the Head of Industry, Trade and Cooperative Service Office of Cilegon Municipality No. 671.1119PE2012 dated 4 October 2012. Shall be re-registered every 2 years to the Industry, Trade and Cooperative Service Office of Cilegon Municipality. Company  IUKS Genset: Decree of the Head of Industry, Trade and Cooperative Service Office of Cilegon Municipality No. 671.1148PE2012 dated 28 December 2012. 5 years since 28 December 2012 and shall be re-registered every 2 years to the Industry, Trade and Cooperative Service Office of Cilegon Municipality. 4. Power Plant Registration Letter Surat Tanda Daftar Pembangkit Tenaga Listrik Company Extension of Power Plant Registration Letter No. 671.1149PE2012 dated 28 December 2012, issued by the Head of Industry, Trade and Cooperative Service Office of Cilegon Municipality, Merk: Cummin 5 years since 28 December 2012 and shall be re-registered every 2 years to the Industry, Trade and Cooperative of Cilegon Municipality.