DATE : 11 MAY 2022

APPLICANT CODE ;
BENFICARY CODE :
TRANSACTION CODE :

DEED OF AGREEMENT

THIS DEED OF AGREEMENT (HEREINAFTER REFERRED TO AS “AGREEMENT” IS

EXECUTED WITHOUT PREJUDICE OR CONFLICT OF INTEREST, DULY UNDERSTOOD
AND SIGNED BY BOTH PARTIES ACTING AT THEIR OWN ACCORD ON THE 11 TH DAY
OF MAY, 2022 BY AND BETWEEN:

THE ISSUER - APPLICANT:

CORPORATE NAME
MAILING ADDRESS
COMPANY REG NO
REPRESENTED BY
DESIGNATION
PASSPORT NO
NATIONALITY
EMAIL ADDRESS

HEREIN NAMED AS "ISSUER" (PARTY A),

HEREIN NAMED FOR STAND BY LETTER OF CREDIT (SBLC) PROVIDER AS THE
"PARTY A", HEREBY CONFIRM, WITH FULL LEGAL RESPONSIBILITY, UNDER
PENALTY OF PERJURY OF LAW THAT WE ARE READY, WILLING AND ABLE TO
DELIVER THE FOLLOWING BANK INSTRUMENT, UNDER THE TERMS AND
CONDITIONS DESCRIBED BELOW, BASED ON GOOD, CLEAN, CLEAR
UNENCUMBERED FUNDS OF NON-CRIMINAL ORIGIN

THE BENEFICIARY - RECEIVER:

CORPORATE NAME PT. META CITRA INDONESIA

MAILING ADDRESS RUKO PROMINENCE, 38F-11, ALAM SUTERA, TANGERANG
BANTEN - INDONESIA
COMPANY REG NO 1201220039206

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REPRESENTED BY TUNGGUL WIBISONO
DESIGNATION PRESIDENT DIRECTOR
PASSPORT NO TBA
NATIONALITY INDONESIA
PHONE +62 811 883 1980
WEBSITE WWW.MCI-CORP.COM
EMAIL ADDRESS TUNGGUL@MCI-CORP.COM;
TUNGGUL@TUNGGULWIBISONO.COM

HEREIN NAMED AS "BENEFICIARY/RECEIVER" (PARTY B),

HEREIN NAMED FOR SBLC RECEIVER AS THE "PARTY B", HEREBY CONFIRM,
WITH FULL LEGAL RESPONSIBILITY, UNDER PENALTY OF PERJURY OF LAW,
THAT WE ARE READY, WILLING AND ABLE TO FUND AGAINST THE FOLLOWING
BANK INSTRUMENT, UNDER THE TERMS AND CONDITIONS DESCRIBED BELOW
WITH GOOD, CLEAN, CLEAR, UNENCUMBERED FUNDS OF NON-CRIMINAL
ORIGIN.

KEYS: SBLC = STAND-BY LETTER OF CREDIT

INSTRUMENT SBLC – FULLY CASH BACKED

TYPE IRREVOCABLE, UNCONDITIONAL, ASSIGNABLE AND
TRANSFERABLE
RATE 60% (SIXTY PERCENT)
COMMISSION -
TERM ONE YEAR AND ONE DAY
ISSUING BANK TBA
CONTRACT AMOUNT 100.000.000 USD (ONE HUNDRED MILLION USD)
TRANSACTION BCL/PRE-ADVICEMT799/BPUMT799/MT760/MT10
MODE
PAYMENT PAY ORDER BPU MT799 & Joint account of receiving
MT760 and will be out after payment complete whole
transaction or issue Bank Undertaking.
–SWIFTMT103
DELIVERY BY SWIFT MT760

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TRANSACTION PROCEDURE:

1. APPLICANT SUBMITS THIS BG DEED OF AGREEMENT (DOA), AND BENEFICIARY

COUNTERSIGNS WITH FULL BANKING CO-ORDINATES, CIS, NON-SOLICITATION
LETTER, COPY OF THE COMPANY REGISTRATION AND THE SIGNATORY’S
PASSPORT COPY.

2. AFTER COMPLETED DUE DILIGENCE, APPLICANT COUNTERSIGNS THIS DOA WITH

APPLICANT’S FULL BANKING COORDINATES, COPY OF THE COMPANY
REGISTRATION AND THE SIGNATORY’S PASSPORT COPY AND RETURNS SIGNED
CONTRACT TO THE RECEIVER. BOTH PARTIES SHALL LODGE THIS AGREEMENT
WITH THEIR RESPECTIVE BANKS AND THIS BECOMES A BINDING COMMERCIAL
CONTRACT BETWEEEN THE PARTIES

3. IMMEDIATELY UPON ACCEPTANCE OF BINDED AGREEMENT ISSUER WILL SEND

BANK CONFIRMATION LETTER OF READINESS, WILLINGNESS AND ABLE (RWA) TO
BENEFICIARY’S DESIGNATED BANK COORDINATE VIA SECUREE-MAIL BANK TO
BANK

4. UPON ACCEPTANCE OF THE SAID RWA FROM ISSUER’S BANK, RECEIVER WILL
RESPOND AND PROVIDE BCL/POF/BANK STATEMENT VIA SECURED E-MAIL, BANK
TO BANK/ISSUER’S EMAIL.

5. WITHIN3 (THREE) BANKING DAYS, PROVIDER’S BANK WILL CONDUCT “DD–

DUEDILIGENCE AND VERIFICATIONS OF APPLICANT DOCUMENTS. IMMEDIATELY
UPON VERIFICATION, PROVIDER WILL ISSUE RWA/PRE-ADVICE VIA SWFIT MT-799
TO RECEIVER

6. WITHIN THREE (3) BANKING DAYS AFTER RECEIVED CONFIRMATION OF PRE-

ADVICEVI A SWIFT MT799 {APPENDIXA}, PARTY RECEIVER SHOULD INSTRUCT HIS
RECEIVER BANK TO SEND TO ISSUER’S DESIGNATED BANK RECEIVING ACCOUNT
WITH FULL BANK RESPONSIBILITY, A BANK PAYMENT UNDERTAKING FOR
THEAMOUNT 60% ON THE FACE VALUE OF SBLC VIA SWIFT MT799 {APPENDIXB}
AND SEND COPY VIA EMAIL

7. WITHIN THREE (3) BANKING DAYS ISSUER BANK RECEIVED AND CONFIRMED OF
THE BANK PAYMENT UNDERTAKING SWIFT MT799 {APPENDIXB}, ISSUER WILL
INSTRUCT HIS BANK SENDS THE SBLC VIA SWIFT MT760 {APPENDIX C} TO
RECEIVER‘S DESIGNATED BANK RECEIVING ACCOUNT. (PARTYA SHALL PROVIDE
A COPY OF SENT MT-760 TO PARTY RECEIVER FOR TRACING

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8. WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760
SBLC, PARTY RECEIVER’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO
ISSUER’S DESIGNATED BANK ACCOUNT VIA MT103

9. WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, ISSUER’S

BANK SHALL SEND THE SBLC HARD COPY ORIGINAL TO RECEIVER’S DESIGNATED
RECEIVING BANK ACCOUNT BY BANK BONDED COURIER

10. ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN

IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS
CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION

ANY ROLLS AND EXTENSIONS HAVE TO BE AGREED UPON BETWEEN THE ISSUER AND
THE RECEIVER BY ONE (1) WEEK BEFORE THE INITIAL CONTRACT AMOUNT IS
EXHAUSTED.
▪ ALL PAYMENTS MUST BE “SAME VALUE AND VALIDITY DATE AND FOR IMMEDIATE
CREDIT”.
▪ ALL COMMISSIONS ARE PAID BY THE RECEIVER
▪ THIS AGREEMENT EXPIRES IN SEVEN (7) BANKING DAYS IF NOT EXECUTED BY
BOTH PARTIES

THIS TRANSACTION CONSTITUTES A PRIVATE PLACEMENT FOR BANK INSTRUMENTS

BETWEEN THE PARTIES AND SHALL NOT BE CONSTRUED AS A SECURITY
TRANSACTION DESCRIBED IN THE UNITED STATES SECURITIES ACT OF 1924 AS
AMENDED OR BY THE LAWS OF ANY OTHER NATION.

FACSIMILE, E-FAX OR E-MAIL TRANSMISSION AND COPIES OF THIS DOCUMENT,

WHEN FULLY EXECUTED ARE TO BE CONSIDERED ORIGINAL AND BINDING
DOCUMENTS.

UPON ACCEPTANCE, THIS LOI/DOA BECOMES A LEGAL AND BINDING CONTRACT

BETWEEN THE PARTIES. EACH PARTY HOLDS ONE OF THE LOI/DOA SIGNED AS
ORIGINAL

WARNING NOTICE:
INCASE ANY PARTY FAIL TO PERFORM OR THIS CONTRACT IS CANCELLED
COMPLETELY AFTER SIGNING BY BOTH PARTIES THEN THE NON-PERFORMING
PARTY´S PERSONAL DETAILS INCL. COPY OF THE PASSPORT AND OTHER CORPORATE

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INFORMATION WILL BE SUBMITTED TO THE INTERPOL AND OTHER INTER-
GOVERNMENTAL ORGANIZATIONS FOR INVESTIGATION AND INTERROGATION.

BANKING INFORMATION:
PARTY A – SBLC PROVIDER'S BANKING COORDINATES: FOR 60% ON THE FACE
VALUE OF SBLC
1) PROVIDER’S ISSUING BANK COORDINATES (TO SEND AND RECEIVE ALL SWIFT
MESSAGE
2) RWA, PRE-ADVICE VIA BANK SWIFT MT-799, MT-760 AND HARDCOPY)

BANK NAME
BANK ADDREESS
ACCOUNT NUMBER
ACCOUNT NAME
SWIFT CODE
BANK OFFICER
BANK TELEPHONE
BANK OFFICER EMAIL

PARTY B – RECEIVING BANK COORDINATES (TO RECEIVE SBLC)

SBLC RECEIVER'S BANKING COORDINATES:
RECEIVER’S BANK COORDINATES (TO RECEIVE PRE-ADVICE SWIFT MT-799 and MT760
AND ISSUE BCL AND MT799 BPU):

BANK NAME PT BANK NEGARA INDONESIA (Persero) Tbk.

KANTOR CABANG KARANG AYU
BANK ADDREESS JL JENDERAL SUDIRMAN NO.195
SEMARANG 50142
ACCOUNT NUMBER -
ACCOUNT NAME PT META CITRA INDONESIA
SWIFT CODE BNINIDJA
BANK OFFICER MRS DESSY AMIRANTI SARANANINGRUM
BANK TELEPHONE +62 24 – 7605502, 7604476, 7611471
+62 8112994941
BANK OFFICER EMAIL DESSY.SARANANINGRUM@BNI.CO.ID

IMPROPER RELEASE OF THE ABOVE BANKING INFORMATION, FOR ANY REASON,

WITHOUT THE WRITTEN PRIOR AUTHORIZATION OF OTHER PARTY, SHALL BE
CONSIDERED AS A BREACH OF CONTRACT AND WILL MAKE A DEFAULTED PARTY TO
BE ACTIONABLE FOR DAMAGES SUSTAINED HEREBY. EACH PARTY IS NOT ALLOWED

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TO CONTACT THE OTHER PARTY'S BANK WITHOUT EXPRESSED WRITTEN
PERMISSION. ANY PROVIDER TEMPTING TO DO SO WILL LEAD TO CANCELLATION
OF THIS TRANSACTION/AGREEMENT.

ARBITRATION:
ANY CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS CONTRACT,
WHICH IS NOT SETTLED BY THE PARTIES, SHALL BE SUBJECT TO BINDING
ARBITRATION. THE VERDICT RENDERED BY THE PANEL OF ARBITRATORS SHALL BE
FINAL AND BINDING AND MAY BE ENFORCED IN ANY COURT OF COMPETENT
JURISDICTION. IN THE EVENT OF A DISPUTE, THE FOLLOWING PROCEDURES SHALL
APPLY:

(A) A WRITTEN NOTICE SHALL BE SENT (BY REGISTERED MAIL WITH RETURN RECEIPT
REQUESTED) BY THE AGGRIEVED PARTY TO THE PARTY IN DEFAULT, WHICH SHALL
INCLUDE AN EXPLICIT AND DETAILED STATEMENT OFTHE DISPUTE. THE
RECEIVEREING SERVED THE NOTICES HALL HAVE (15) BUSINESS DAYS TO
RESPOND IN WRITING AND/OR TO CURE THE DEFAULT. IF THE PARTIES FAIL TO
RESOLVE THE DISPUTE WITHIN THE FIFTEEN-BUSINESSDAY PERIOD, THE MATTER
WILL BE SUBMITTED TO ARBITRATION AS FOLLOWS.

(B) THE PARTIESA GREE THAT ANY CONTROVERSY OR CLAIM ARISING OUT OF OR
RELATING TO THIS BY ARBITRATION IN ACCORDANCE WITH THE RULES OF
CONCILIATION AND ARBITRATION OF THE INTERNATIONAL CHAMBER OF
COMMERCE (ICC) PARIS FRANCE.
TWO ARBITRATORS SHALL DIRECT ARBITRATION PROCEEDINGS, ONEAPPOINTED
BY EACH PROVIDED THE THIRD SUBSEQUENTLY APPOINTED BY THE FIRST TWO
ARBITRATORS. THE ARBITRATORS FOR ANY ARBITRATION PROCEEDINGS
REFERRED TO HEREIN SHALL BE CHOSEN ASFOLLOWS:
a) ONE SHALL BE CHOSEN BY THE PARTY SEEKING ARBITRATION,
b) ONE SHALL BE CHOSEN BY THE OTHER PARTY HERETO AND
c) ONE SHALL BE CHOSEN BY THE TWO ARBITRATORS SELECTED HEREUNDER.

THE ARBITRATORS TO BE CHOSEN BY THE PARTIES SHALL BE CHOSEN WITHIN 20

DAYS OF THE SERVICE OF A DEMAND FOR ARBITRATION ON ANY OF THE PARTIES.
IF THE TWO ARBITRATORS APPOINTED ABOVE SHALL NOT AGREE TO THE
APPOINTMENT OF THE THIRD ARBITRATOR TO BE APPOINTED AS PROVIDED HEREIN,
SUCH
THIRD ARBITRATOR SHALL BE APPOINTED JOINTLY BY THE OTHER TWO APPOINTED

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ARBITRATORS, SUBJECT TO CHALLENGE BY ANY PARTY ONLY BY REASON OF A
CONFLICT OF INTEREST. THE PARTIES AGREE TO HAVE THE DISPUTE ARBITRATED IN
ACCORDANCE WITH SAID RULES OF ARBITRATION. THE ARBITRATION PROCEEDINGS
SHALL BE HELD IN ENGLAND AND UNITED STATES OF AMERICA OR OTHER
LOCATION MUTUALLY AGREED IN WRITING BY THE PARTIES FAILURE TO APPEAR
WITHOUT A SHOWING OF GOOD CAUSE, SHALL ENTITLE THE OTHER PARTY TO AN
AWARD.

(C) THE DECISION AND AWARD MADE BY THE ARBITRATORS SHALL INCLUDE THE
AWARD OF ALL COSTS AND EXPENSES INCLUDING ATTORNEY'S FEES AND
EXPENSES, INCURRED BY THE AGGRIEVED PROVIDERS A RESULT OF THE DISPUTE.
ANY SUCH AWARD SHALL BE PAID TO THE PREVAILING RECEIVERY THE
UNSUCCESSFUL PARTY WITHIN THIRTY (30) DAYS AFTER THE AWARD. IN THE
EVENT OF CIRCUMVENTION, EITHER DIRECTLY OR INDIRECTLY, OR ANYOTHER
DISPUTE ARISING OUT OF, OR RELATING TO THIS CONTRACT, THE AGGRIEVED
PARTY SHALL BE ENTITLED TO MONETARY COMPENSATION EQUAL TO THE
MAXIMUM FEE, CONSULTING, REMUNERATION, CONSIDERATION, OR BENEFIT IT
WOULD HAVE RECEIVED FROM SUCH TRANSACTION, AND SUCH OTHER
DAMAGES AND RELIEF AS MAY BE DEEMED APPROPRIATE. THE SUM ALLOWED
AND RELIEF GRANTED SHALL HE PAID AND BECOME DUE AND PAYABLE WITHIN
THE THIRTY (30) DAY PERIOD REQUIRED FOR THE PAYMENT OF FEES AND
EXPENSES, UNLESS OTHERWISE SPECIFIED IN THE ARBITRATION DECISION.
SETTLEMENT UPON AN AWARD SHALL BE FINAL, AND MAY BE ENTERED IN ANY
COURT OF COMPETENT JURISDICTION.

NON-CIRCUMVENTION & NON-DISCLOSURE:

THE PARTIES HEREIN AGREE THE NON-CIRCUMVENTION/NON-DISCLOSURE RULES
OF ICC, LATEST EDITION, SHALL APPLY TO THE TRANSACTION FOR A PERIOD OF (5)
FIVE YEARS FROM THE DATE OF EXECUTION OF THIS AGREEMENT BY THE
UNDERSIGNED, HIS/HER ASSIGNS, AGENTS, AND/ORHEIRS. THIS NCND ALSO
APPLIES TO ANY AND ALL OTHER TRANSACTIONS DIRECTOR INDIRECT. REGARDING
THIS TRANSACTION AND ITS POSSIBLE ROLLOVERS AND EXTENSIONS, EACH
PROVIDED THEIR RESPECTIVE INTERMEDIARIES WARRANT NOT REVEALING THE
BANKING COORDINATES, PROVIDED HEREIN, TO ANY INDIVIDUAL OR INSTITUTION
OTHER THAN THOSE BANKING OFFICERS NECESSARY FOR COMPLETION OF THIS
TRANSACTION.

AFTER CONFIRMING, BY SIGNATURE AND SEAL, THIS DOCUMENT WILL BE EFFECTIVE

EQUAL AS AN AGREEMENT/ CONTRACT. EACH PARTY HOLDS ONE OF THE EFFECTIVE

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 AGREEMENT/CONTRACTS BY THEIR EXECUTION BELOW, THE PARTIES HERETO AGREE
TO THE GENERAL TERMS AND ALL CONDITIONS HEREIN AND WARRANT ON TO THE
OTHER THE ENTIRE AGREEMENT BETWEEN PARTIES

IN WITNESS WHEREOF THE PARTIES EXECUTED THIS AGREEMENT AS OF THE DATE

ABOVE WRITTEN
SIGNED AT THIS 11TH DAY OF MAY,2022

FOR AND ON BEHALF OF SBLC ISSUER FOR AND ON BEHALF OF SBLC RECEIVER

____________________________________________ ____________________________________________
SIGNATORY NAME: SIGNATORY NAME: TUNGGUL WIBISONO
PASSPORT: PASSPORT: TBA
DATE OF ISSUE: DATE OF ISSUE: TBA
DATE OF EXPIRY: DATE OF EXPIRY: TBA
COUNTRY OF ISSUE: COUNTRY OF ISSUE: INDONESIA

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