SALES AND PURCHASE AGREEMENT

CONTRACT NUMBER :
This Agreement made on this Day, Date Feb. 02, 2023

Between

THE SELLER : KNIGHT CHARISMA BERHAD

Reg. No. : 202301000692
Registered Address : 6-1, JALAN 2A/27A, SEKSYEN 1, 53300 WANGSA MAJU,
KUALA LUMPUR, MALAYSIA
Phone / Fax No : +60133935775
Mobile No : +60133935775
E-mail : ohjkamal@gmail.com
Represented by : HAJI KAMARUZ-ZAMAN BIN OTHMAN
Title : CHIEF EXECUTIVE OFFICER

And

THE BUYER : PT MURI ANUGRAH MANDIRI

Reg. No. : 91202079511886
Registered Address : JL. NUSANTARA NO. 06 GUNTUNG MANGGIS, KEC.
LANDASAN ULIN, BANJAR BARU, BANJARMASIN,
INDONESIA
Phone / Fax No :
Email :
Represented by : NAFSIAH ARDI
Title : PRESIDENT DIRECTOR

CONTRACT FOR SALES AND PURCHASE AGREEMENT

FOR DIESEL OIL - EURO 4 AND EURO 5

RECITALS:

WHEREAS The Seller with full authority, hereby agrees to supply and deliver the herein
mention DIESEL OIL D2 - EURO 4 and EURO 5, and fulfill all the requirements referenced to
herein and shall provide the referenced DIESEL OIL - EURO 4 and EURO 5, under the terms
and conditions and at the time so agreed by both Parties.

WHEREAS The Seller makes an irrevocable and firm commitment to sell and deliver and the
Buyer also makes and irrevocable and firm commitment to purchase and take delivery of the
said product.

WHEREAS, the Parties mutually desire to execute this Contract which shall be binding upon
and inure to the benefit of the Parties, their legal representatives, Successors and
Assignee’s, in accordance with the jurisdictional law of the negotiated and fully executed
Contract with terms and provisions hereunder agreed upon.
WHEREAS, SELLER and BUYER, under full corporate or trust authority and responsibility,
respectively represent to each other on the date hereof that the Seller is the lawful owner of
the Commodity, in the quantity and quality hereunder specified, and the Buyer has the full
capability to purchase the said Commodity.

DEFINITIONS: WHEREAS the parties mutually accept to refer to the General Terms and
Definitions, as set out by the INCOTERMS Edition 2010 with latest amendments, having the
following terminology fully understood and accepted.

API: Shall mean American Petroleum Institute.

ASTM: Shall mean American Society for Testing and Materials
Commodity: Shall mean refers to as being DIESEL D2 EURO 4 & EURO 5
elsewhere in this Agreement referred to as Product which
specifications are detailed herein.
CIF: Cost, Insurance and Freight strictly as referred to in the
interpretations defined by the INCOTERMS Edition 2010 with latest
amendments.
Agreement: Shall mean the DIESEL D2 EURO 4 & EURO 5, Sales/Purchase
Contract of which these specific provisions agreed between Buyer
and Seller form the conditions of Sales and Purchase.
Barrel: Shall mean a volume of forty-two (42) US Gallons corrected for
temperature to (60) degrees Fahrenheit.
Kilo Liter: A measure of weight equivalent to one thousand liters (1,000 liters)
Cargo: Shall mean any particular quantity of the oil loaded into vessel as set
out in this agreement includes Part Cargo.
Day: Shall mean a calendar day.
Month: Shall mean a calendar month.
Calendar Quarter: Starting Period on the 2ND DAY OF FEBRUARY 2023
Loading Port: Shall, in respect of a cargo, mean the port(s) nominated by Seller for
loading of such cargo in accordance with the agreement.
Discharge: The safe port/berth designated by the Buyer as final receiving
destination terminal.
Dollars or USD: Shall mean dollars of the United States of America.
Grade: Shall mean any grade of the oil specified in the agreement.
Party: Shall mean either Seller or Buyer.
Parties: Shall mean Seller and Buyer jointly.
Charter Bill of Lading: Shall mean the official document, issued at the Loading Port after
completion of the loading operations, stating the ships’ loaded
quantity, expressed in Cubic Meters (cub meters), in Metric Ton
(MT) expressed as per the above definitions. This document has to be
signed in original by the shipmaster and made out in accordance
with the instruction hereinafter specified in this Agreement.
Vessel: Shall mean the ship whether owned or chartered or otherwise
obtained by Parties and employed by Parties to receive the oil at the
loading port.

CLAUSE 1 - COMMODITY:
DIESEL OIL D2 EURO 4 & EURO 5

CLAUSE 2 - QUANTITY AND DURATION:

The Parties agreed for delivery of ONE HUNDRED THOUSAND METRIC TONS (100,000 MT)
PER SHIPMENT OF DIESEL D2 EURO 4 & EURO 5.

The total contractual initial quantity of the commodity sold and purchased for 12 (Twelve)
months under this agreement.

Seller and Buyer hereby agree to deliver and accept the above quantity in one shipment.

That the validity of the allocation assignment, as reported in the above clause 2.1 is subject
to the acceptance by the Seller of the Buyer’s financial instrument.

CLAUSE 3 -PERIOD OF CONTRACT:

The Parties have agreed that length of the agreement shall be within 12 (twelve) months
which is effective since this agreement has been signed.

CLAUSE 4 -LOADING PORT:

Any seaport / fuel terminal which designated by the Seller