LOAN AGREEMENT

This agreement is made by and between:

**, having its registered address at ** (“the Lender”)

and

**, having its registered address at ** (“the Borrower”).

Witnesseth:

Whereas, at the request of the Borrower, the Lender has agreed to grant the Borrower
a short term loan facility equivalent up to USD ** (**United States Dollar).

Now, therefore, the parties hereby agree as follows:

1. The interest rate is 2,5% (two point five percent) per annum and shall be paid
every month. Interest will be computed on a 360-day year.

2. The Lender shall receive all payments free from all deductions and withholdings
and the Borrower shall be responsible for any applicable direct and indirect
taxes. The Borrower shall be liable to bear all direct and indirect taxes arising
from interest payments, and shall be responsible for such payments to the tax
authorities. Late payment penalty and interest, if any, shall be borne solely by
the Borrower.

3. The rights and obligations under this agreement are not assignable by either
party unless otherwise mutually agreed to in writing by the parties.

4. In the event that:

- the Borrower defaults on the payment of any amount due or in the fulfillment
of any obligation under this agreement;
- the Borrower becomes bankrupt or insolvent;
- the Borrower breaches any term of this agreement;
then this loan and any interest accrued shall become and be immediately due
and repayable on demand without further notice.

5. No term in this agreement may be amended or waived without the prior written
consent of the Lender.

6. The loan shall be fully repaid within 6 (six) month from the date of this agreement
unless the parties agree to extend the loan duration. Without prejudice to any
other term of this agreement, this agreement may be terminated by the Lender
upon 3 months prior written notice, and upon the expiry of such 3-month period,
this loan and any interest accrued shall become and be immediately due and
repayable.

7. This agreement shall be deemed to take effect, and the parties’ rights, duties
and obligations shall be deemed to have become effective, as of ** 2018 and
subject to approval from ** of the Lender.
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This agreement shall be governed and construed in all respects in accordance with the
laws of Indonesia. In the event of any dispute arising out of or in connection with this
agreement, the parties hereby submit to the non-exclusive jurisdiction of the Indonesia
courts.

WITNESS whereof this agreement has been duly executed in duplicate by the
authorized representative of the parties hereto.

Dated, **

Lender, Borrower,

** **

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