LOAN AGREEMENT

THIS LOAN AGREEMENT (the “Agreement”) is made on [**] by and between:

(1) [**], a company incorporated under the laws of [**], whose registered office is at [**] (the
“Debtor”);

(2) [**], a company incorporated under the laws of [**], whose registered office is at [**] (the
”Creditor”),

(together, the ”Parties” and each, a ”Party”).

BACKGROUND:

(A) The Creditor has agreed to lend the Debtor the sum of US$[**] and the Debtor has agreed to
accept the loan on the terms and conditions contained in this Agreement.

TERMS AND CONDITIONS:

1. PRINCIPAL LOAN AND INTEREST

1.1 The Debtor hereby acknowledges receipt of a loan from the Creditor in the sum of US$[**]
(** United States Dollar) (the “Principal Amount”).

1.2. The Debtor shall pay interest on the Principal Amount at the rate of SIBOR + __% (_______
percent) per annum calculated from the date of this Agreement to (and including) the Maturity
Date (as defined hereunder), which is subject to be reviewed by the Creditor every year.

1.3. The Debtor acknowledges and agrees that the financial records kept by the Creditor in relation
to the loan, including the balance of the Principal Amount and interest outstanding from time
to time, shall constitute conclusive and binding evidence of such amount outstanding and
shall not be disputed by the Debtor at any time.

2. REPAYMENT OF PRINCIPAL AND INTEREST

The Principal Amount and interest have to be repaid in full by the Debtor to the Creditor at the latest
on [**] (the “Maturity Date”).

3. SECURITY DOCUMENTS

The Debtor agrees that the Creditor may require the Debtor to provide any security documents (the
“Security Documents“) in order to secure the due and punctual repayment of the Principal Amount
and to enter into such additional documents and agreements as referred to in the Security Documents
or as the Creditor may otherwise from time to time request to perfect such security.

4. COVENANT
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4.1 The Debtor covenants and agrees that so long as the Debtor shall have any amount owed
under this Agreement, unless the Creditor shall otherwise consent in writing, the Debtor shall:

(a) do or cause to be done all things necessary or required to ensure that no default of the
Debtor exists under this Agreement, the Security Documents and each other
document or agreement referred to herein to be made and performed by the Debtor
pursuant to the terms of this Agreement;

(b) provide immediate notice, after the same has occurred of any breach of or default in
the fulfilment of any of the terms, covenants, provisions or conditions of this
Agreement and/or the Security Documents;

(c) ensure that at all times its payment obligations hereunder will rank, in right of
payment at least pari passu with all other obligations of the Debtor, whether now or
hereafter outstanding;

4.2 The Debtor undertakes to notify the Creditor as soon as possible in writing of any
circumstances or occurrences and/or event of default which potentially will affect the ability
of the Debtor to carry out any of its obligations under this Agreement.

5. MISCELLANEOUS

5.1 Notices

(a) Any notice or other communication to be given under this Agreement must be in
writing and must be delivered or sent by post to the Party to whom it is to be given at
its address appearing in this Agreement or by email to the email address of the Party
as follows:

(i) to the Debtor at:

Address:

E-mail address:

marked for the attention of:

(ii) to the Creditor at:

Address:

E-mail address:

marked for the attention of:

or at any such other address or e-mail address of which it shall have given notice for
this purpose to the other Parties under this clause. Any notice or other

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 communication sent by post shall be sent by registered mail requesting a return
receipt.

(b) Any notice or other communication shall be deemed to have been given:

(i) if delivered in person or by courier, on the date of delivery;

(ii) if delivered by email, on the date of delivery, unless there is a report from the
sender’s or recipient’s server indicating that the email was not properly
transmitted or was not properly received; or

(iii) if sent by post, on the twentieth Business Day after it was put into the post.

(c) In proving the giving of a notice or other communication, it shall be sufficient to

prove that delivery was made or that the envelope containing the communication was
properly addressed and posted, as the case may be.

(d) This Clause shall not apply in relation to the service of any claim form, notice, order,
judgment or other document relating to or in connection with any proceedings, suit or
action arising out of or in connection with this Agreement which shall be made in
accordance with the applicable laws.

5.2 Variation

The terms of this Agreement may be changed, waived, discharged or terminated only by an
instrument in writing signed by the Debtor and Creditor. Unless expressly agreed, no
variation shall constitute a general waiver of any provisions of this Agreement, nor shall it
affect any rights, obligations or liabilities under or pursuant to this Agreement which have
already accrued up to the date of variation, and the rights and obligations of the Parties under
or pursuant to this Agreement shall remain in full force and effect, except and only to the
extent that they are so varied.

5.3 Fees, Costs and Expenses

Each Party shall bear its own legal and other costs and expenses incurred in the preparation,
execution and administration of this Agreement, the Security Documents and the transactions
herein contemplated.

5.4 Non-waiver

No failure on the part of the Creditor to exercise, and no delay on its part in exercising, any
right or remedy under this Agreement will operate as a waiver thereof, nor will any single or
partial exercise of any right or remedy preclude any other or further exercise thereof or the
exercise of any other right or remedy. The rights provided in this Agreement are cumulative
and not exclusive of any rights or remedies provided by law.

5.5 Severability

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 If one or more of the provisions hereof shall be invalid, illegal or unenforceable in any respect
under any applicable law or decision, the validity, legality and enforceability of the remaining
provisions contained herein shall not be affected or impaired in any way. The Debtor shall in
any such event execute such additional documents as the Creditor may request in order to give
effect to any provision hereof which is determined to be invalid, illegal or unenforceable.

5.6 Further Assurance

The Debtor shall, at any time and from time to time, upon the request of the Creditor,
promptly and duly execute and deliver to the Creditor and for the benefit of the Creditor any
and all such further instruments and documents and do all acts and things as the Creditor may
(acting reasonably) deem desirable for obtaining the full benefits of this Agreement and of the
rights and powers herein granted.

5.7 Governing Law

This Agreement and the performance hereof will be governed by and construed in accordance
with the laws of [**].

5.8 Dispute Settlement

Any and all disputes, controversies or conflicts arising from or in relation to this Agreement,
including disputes on its validity, conclusion, binding effect, breach, amendment, expiration
and termination (collectively, Disputes), shall, as far as possible, be settled amicably by the
Parties. If any such Dispute is not settled amicably within thirty (30) days as from the date
any Party informs the other Party that any Dispute has arisen, the Parties agree that such
Dispute shall be referred to and finally resolved by arbitration in Singapore in accordance
with the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) as
presently in force, which rules are deemed to be incorporated by reference in this clause 5.8.

The tribunal shall consist of three (3) arbitrators. The Creditor on the one hand and the
Debtor on the other hand shall each appoint one (1) arbitrator, all in accordance with the
Arbitration Rules of the SIAC as presently in force, and the third arbitrator shall be nominated
by mutual agreement of the two party-appointed arbitrators, within thirty (30) days of the
confirmation of the nomination of the second arbitrator. In the event that the two (2)
arbitrators are unable to mutually agree on the appointment of a third arbitrator, the President
of the SIAC shall appoint such arbitrator.

The language of the arbitration shall be English.

A tribunal appointed in relation to a Dispute may, upon the application of any party to the
Dispute, order that the arbitration in respect of which it has been appointed be consolidated
with any other arbitration concerning any other Dispute arising under this Agreement
(Related Dispute). The tribunal shall order the consolidation of any Dispute with any Related
Dispute if the tribunal determines that the Dispute and the Related Dispute give rise to one or
more common issues of fact or law (or there is any other relationship between the Dispute and
the Related Dispute which makes it appropriate to do so). Where different tribunals have been
or are in the process of being appointed in relation to the Dispute and any Related Dispute, the

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 decision as to whether the proceedings are to be consolidated shall be made by the arbitral
tribunal which was first in time fully appointed. If consolidation is so ordered, the parties to
each of the proceedings that are the subject of the order hereby consent to the consolidated
proceedings and the disputes in question being finally decided by the arbitral tribunal which
ordered the consolidation. To the maximum extent permitted by the Arbitration Rules of the
SIAC, any consolidated proceedings involving a Dispute and a Related Dispute shall, for
purposes of determining applicable arbitration fees, be deemed to be a single arbitration under
a single arbitration agreement and not several arbitration under several arbitration agreements.

The forum agreed in this clause 5.8 shall be the exclusive forum for resolving any disputes in
connection with the subject matter of this Agreement. Except for proceedings to enforce an
award granted by an arbitral tribunal, no Party shall bring any other proceedings in connection
with the subject matter of this Agreement in any other court or forum whatsoever. Each Party
hereby renounces any right it may otherwise have to appeal or seek relief from the award or
any decision of the arbitrators contained therein.

5.9 Assignment

The Creditor may assign or transfer any of its rights hereunder, or any part thereof, to any
party, provided, that upon such assignment or transfer, it shall thereafter give written notice
thereof to the Debtor. The Debtor shall not assign or transfer any of its rights or obligations
hereunder, or any part thereof to any party.

5.10 Headings

The headings of the Sections of this Agreement are inserted for convenience of reference only
and shall not constitute a part hereof or affect in any way the meaning or interpretation of this
Agreement.

IN WITNESS WHEREOF the Parties hereto have executed and entered into this Agreement on the
date set out above.

Debtor Creditor
[**]

By:________________________ By:________________________
Name : Name :
Position: Position: