MEMORANDUM OF UNDERSTANDING

SBLC MONETIZING
REF : MOU/001/SBLC/xx-x/X/2019

Party A : PT. XXX

JL. XXX
Jakarta, Indonesia
- Represented by Mr. xxx
- As issuing party of SBLC

Party B : PT. xxx

xxx
- Represented by Mr. xxx
- As Monetizing Party of the Block Fund

SBLC Amount : USD xxx,000,000.00 (xxxUS Dollars Only)

SBLC will be issued with Euro currency

This MOU is made on 9th January 2020, between the two parties above.

WHEREAS,

Party A , PT. xxx is the issuer of SBLC, from the issuing bank coordinates below.

SBLC issuing Bank Details :

Bank Name :
Bank Address :
Account Name :
Account Number :
SWIFT Code :
Bank Officer :
Banker Tel. No :
Banker Email :

Party B, PT. xxx are the SBLC Monetizer, hereby confirm with the full corporate
responsibility that are Ready, Willing and Able to monetize the SBLC amounted USD
xxx,000,000/- from Party A, with a monetizing amount at 60% from face value.
Monetized rate for the SBLC shall at 60% of the SBLC face value (USD
xxx,000,000.00 In word : xxx US Dollars) .

For monetizing the SBLC Party B assigning to the Third Party with details as the following;

Bank Name :
Bank Address :

Account Name :
Account Number :

Page 1 of 7
 SWIFT Code :
Bank Officer Name :
Banker Tel. No :
Banker Email :

It was further agreed by the Parties that the fund distribution are as follow:-

1. (PT. xxx – Party A)’s bank account details for receiving USD xxx,000,000 :-

Bank Name :
Bank Address :
Account Name :
Account Number :
SWIFT Code :

FORCE MAJEURE AND BEST EFFORTS

The Parties hereto shall not bear liability for any failure to perform their obligations under
this MOU, if they relate to Force Majeure Provisions as stated by latest edition of
International Chamber of Commerce, Paris, France.

In the event of Force Majeure or any problems related to International Institution or

government approval, the parties will inform the other party timely and find a solution
together.

The parties shall agree to strictly comply with the procedure of process and to shorten the
program period to the extent possible. In the event of the delay due to the Force Majeure,
both parties will inform the other party first and find a solution together.

NON CIRCUMVENTION & NON DISCLOSURE

The parties shall agree to strictly comply with Non-Circumvention and Non-Disclosure,
which is the latest version released from International Chamber of Commerce. The parties
will agree to be responsible respectively for any matters in profit caused by the related
parties hereto including the respective substitutes and agents, and do not make such
matters to be an obstacle in a process and execution of the Agreement, or troubles to the
other party.

This MOU will become immediately effective when signed and sealed by the parties.

Page 2 of 7
AGREED, EXECUTED AND ACKNOWLEDGED BY THE PARTIES AS AT 9 th January 2020,
as follow:-

PARTY A PARTY B
PT. xxx PT. xxx

xxx xxx
President Director President Director

Page 3 of 7
PARTY ‘A’ ID/PASSPORT SCAN COPY

PARTY ‘A’ NPWP SCAN COPY

Page 4 of 7
PARTY ‘A’ PASSPORT SCAN COPY

Page 5 of 7
PARTY ‘A’ COMPANY CERTIFICATE OF INCORPORATION

Page 6 of 7
 PARTY ‘B’ ID SCAN COPY

PARTY ‘B’ NPWP SCAN COPY

Page 7 of 7
PARTY ‘B’ PASSPORT SCAN COPY

Page 8 of 7
PARTY ‘B’ COMPANY CERTIFICATE OF INCORPORATION

*** END OF CONTRACT ***

Page 9 of 7