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Issued Dec. 16, 1965

Amended Jul. 13, 1971 The Documentary Committee of The Japan Shipping Exchange, Inc.
Amended Mar. 16, 1977
Amended
Amended
Sep. 9,
Nov. 2,
1993
1999 MEMORANDUM OF AGREEMENT
Place and Date of Agreement
Guangzhou , China. On August 5th 2019
MOA Number ZGL1909 Code Name: NIPPONSALE 1999 (Part I)

1. Sellers (Preamble) 2. Buyers (Preamble)

ZHENJIANG GLORY HEAVY MACHINERY CO., LTD PT.TRIMUDA ADHIPRADANA
15th Floor, Rainbow Building Jiangbin Avenue Sudirman Park B32 AB JL.KH Mas Mansyur Kav 35 Jakarta
Zhenjiang, Jiangsu , PR China 212000 Indonesia

3. Vessel’s name (Preamble) 4. Flag/Registry (Preamble, Cl. 3 (a) (ii))

Huaneng 2, 3600m3/h Cutter Suction Dredger
China/Dongguan, Guangdong China

5. Class (Preamble, Cl. 6 (b)) 6. Built (year and builder’s name) (Preamble)
ZC 2009/ Dongguan Zhongtang Dongzhi Ship Building Co., Ltd

7. Gross register tonnage (Preamble) 8. Summer deadweight tonnage (Preamble)

1661 tons

9. Place/Date of superficial inspection (Preamble, Cl. 5 (a), Cl. 10) 10. Place/Date of class records examination (Preamble)
Jiangmen Guangdong July 29th 2019 Dongguang /

11. Purchase Price (Cl. 1)

UNITED STATE DOLLARS FOB Thress million and Eight hundred Seventy thousand only (USD3,870,000.00)

12. Place of closing (Cl. 3 (c))

China

13. Delivery range (Cl. 4 (a), Cl. 6 (e)(i), (f))

Chinese ports to be agreed by both parties

14. Delivery period (Cl. 4 (a)) and Cancelling Date (Cl. 4 (a), (d), (e))
Two months after second deposit

15. Places (Cl. 2 (a), Cl. 4 (c))

Chinese ports at the seller's opinion
Copyright, published and sold by The Japan Shipping Exchange, Inc.

16. Liquidated damages, per day (Cl. 7 (c))

The additional clauses, if any, numbered from 16 to [ 25 ]
shall be deemed to be fully incorporated into this Agreement.

It is mutually agreed that this Agreement shall be performed in accordance with the terms and conditions contained herein.
Signature (Sellers) Signature (Buyers)

By: Liao Zhidong By: Heru Pamungkas

Title: Director Title: Director

ZHENJIANG GLORY HEAVY MACHINERY CO., LTD PT.TRIMUDA ADHIPRADANA