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DEBIT VISA CARD FORCED SALE

FOR INVESTMENT SETTLEMENT


THIS AGREEMENT IS FOR THE PURPOSE OF DELIVERY OF FUNDS FOR INVESTMENT
TRANSACTION(S) VIA DEBIT VISA CARD FORCED SALE
(HEREINAFTER REFERRED TO AS AGREEMENT – BASED ON PROCEDURE)

DATE APRIL 09, 2022 BETWEEN


“PARTY A– VISA DEBIT CARD
HOLDER”

REPRESENTED BY MARTIN JOHANNES WATULINGAS


BANK NAME BANK MANDIRI (PERSERO) TBK
VISA CARD NUMBER 4617 0021 0006 7993
VALID THRU 09/24
PASSPORT NUMBER B8888241
COUNTRY ISSUE INDONESIA
ISSUE DATE 07 DECEMBER 2017
EXPIRE DATE 07 DECEMBER 2022

HEREINAFTER REFERRED TO AS THE “VISA DEBIT CARD HOLDER OR PARTY A”

-AND-

PARTY B – BANK MERCHANT/EDC OWNER/EXECUTOR

REPRESENTED BY MARTHEN RENOUW


ADDRESS JL.KENYERI IIIG IIID NO,5 BR LINK TEGA TONJA DENPASAR
PASSPORT NO. B5362594
ISSUE DATE 10 APRIL 2017
EXPIRE DATE 10 APRIL 2022

HEREINAFTER REFERRED TO AS THE “BANK MERCHANT/EDC OWNER/EXECUTOR or PARTY B”

Together being “the Parties”.

The Parties hereby conclude the following agreement, here in after called “AGREEMENT”: Scope of
Activities.

1. SCOPE OF ACTIVITIES:

INITIAL CARD HOLDER INITIAL EXECUTOR


The Parties will execute a debit card transaction with the debit card from the DEBIT
CARD HOLDER’ s account by using the payment terminal (the EDC machine / IDR
Conversion) provided by the EDC Owner and his executing bank to withdraw money
from the account of the DEBIT CARD HOLDER and share this money according to terms
and regulations paid out in this Agreement.

2. PROCEDURE:

The Parties agree on the following procedure and terms and conditions of the “debit
card transaction OFF LINE – MANUAL KEY’ENTRY transaction:

Term condition debit card transaction CARD LINE SALES ONE STEPS or TWO STEPS)
as follow:

The DEBIT Card Holder provides the Valid passport.

The DEBIT Card Holder prepare PIN Code and Valid Approval Code.

The DEBIT Card Holder will make a Direct Video Call at the time of the transaction.

VISA Debit Card Digit Number will be entered manually

The amount in the transaction, follow the Transaction Procedure that has
been understood and mutually agreed.

The EDC owner will provide the EDC machine which will be used via the EDC
Owner’s bank as payment terminal for the transaction;

Payment will be done seventy-two hours’ bank (72) after transaction.

Transaction schedule: …………..,..........., 11 APRIL - 2022.


In JAKARTA: Depends on the agreement at the Bank.

INITIAL CARD HOLDER INITIAL EXECUTOR


3. COMPENSATION

The DEBIT CARD HOLDER & EDC OWNER will be compensated with the following:

• Debit Card Holder 40% (Forty Percent) of the value of each and every
transaction according to the referenced agreement.
• Intermediaries (Fund Owner Side) 5% ( Five Percent) of the value of each and
every transaction according to the referenced agreement.
• EDC Owner 45% (Forty Five Percent) of the value of each and every
transaction according to the referenced agreement.
• Intermediaries (EDC Owner Side) 10% ( Ten Percent) of the value of each and every
transaction according to the referenced agreement.

Note: payment is made using a bank transfer mechanism with a


separate attachment for the beneficiary's bank details

4. TERM AND TERMINATION

This AGREEMENT shall become effective as of the date of its signature and shall
remain in force until all funds raised from One Step or Two Steps transactions.

Validity of this AGREEMENT:

This AGREEMENT binds all Parties, their employees, Associates, Transferees,


Assignees and other related Parties, throughout the terms of this AGREEMENT is
binding throughout the life of the AGREEMENT between the involved Parties and
its rolls and extensions.

Confidentiality –NCND:

• The Parties shall hold no discussions or negotiations with any third party on the
subject of this AGREEMENT and Contract or any other equivalent contract, unless
otherwise agreed between the Parties.

• Each Party shall treat the Negotiations and the contents of this AGREEMENT as
confidential, unless the other party gives its prior written consent to its (or any
part thereof) disclosure. The Parties will maintain complete confidentiality
regarding each other’s business sources and/or their affiliates and partners, and
will disclose such business source only to the Parties named pursuant to the
express written permission of the Party who made available the source, and

INITIAL CARD HOLDER INITIAL EXECUTOR


• The Parties will not disclose the names, addresses or any contact information to
any contacts by either Party to any third party, and that they each recognize such
contacts as the exclusive property of the respective Parties, and that they will not
enter into any direct or indirect negotiations or transactions with such contacts
revealed by the other Party, and

• The Parties will not in any way whatsoever circumvent, nor attempt to
circumvent, each other, or any of the parties involved in the Project, nor disclose
to
another party any information in respect to business agreements, contracts,
financing, project related information etc. which are considered confidential in
nature, made with its respective partners, business associates, co-ventures or
other third parties.

• Each Party shall use any information which it receives from the other Party
during the course of discussions or Negotiations, only for the purposes for which it
has been provided, and shall prevent third parties from gaining access to it and
treat it in the same way as its own business secrets. This confidentiality obligation
shall not apply to information which is generally known, which can be shown to
have been independently developed by the recipient, or which has been acquired
from a third party without nondisclosure obligation to the disclosing party. This
obligation shall likewise not apply if a Party is required by statutory regulations to
reveal any of the information it has obtained. This obligation shall survive for a
period of five years after this Agreement has lost its force. And

• That in the event of breach or circumvention of this AGREEMENT by either


Party or their associates, partners, affiliates etc., directly or indirectly, the
circumvented Party shall be entitled to legal monetary damages including but not
limited to all legal costs and expenses.

Assignment:

The DEBIT Card Holder shall not assign this AGREEMENT or any portion of its rights
or obligations hereunder (including payment due or to become due) to any Sub-
agent, affiliate or any other third party without the express written consent of EDC
OWNER.

Limitation of Liability:

In no event shall either Party hereto be liable to the other Party for any special,
indirect, consequential or incidental damages, including but not limited to loss of
profits or revenues, costs of capital, costs of substitute products, loss of or

INITIAL CARD HOLDER INITIAL EXECUTOR


reduction of use of product or down time costs except the obligations which arise.

MARTHEEN RENOUW MARTIN JOHANNES W.


EXECUTOR/EDC OWNER DEBIT CARD HOLDER

EXECUTOR PASSPORT

INITIAL CARD HOLDER INITIAL EXECUTOR


LICENSE EXECUTOR

INITIAL CARD HOLDER INITIAL EXECUTOR


CARD HOLDER PASSPORT

INITIAL CARD INITIAL


INITIAL CARD INITIAL
COPY VISA DEBIT CARD
(Bank Issuer: BANK MANDIRI (PERSERO) TBK.)

INITIAL CARD INITIAL


INITIAL CARD INITIAL
SURAT PENYATAAN
(FUND OWNER SIDE 5%)

** The End of DEED OF AGREEMENT **

INITIAL CARD INITIAL

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