GENERAL TERMS AND CONDTIONS FOR PERSONAL LOAN IN STANDARD CHARTERED BANK, INDONESIA

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1 GENERAL TERMS AND CONDTIONS FOR PERSONAL LOAN IN STANDARD CHARTERED BANK, INDONESIA 1. GENERAL TERMS DEFINITION 1.1 BANK is STANDARD CHARTERED BANK, headquartered in London and in this case acting through its branch offices throughout Indonesia; DEBTOR is a party as stated in Personal Data, and who signed the application form; FACILITY is Personal Loan facility in the form of Standby Cash facility or Fixed Installments facility provided by the BANK to the DEBTOR. CREDIT CONFIRMATION is a form of consent given by the BANK to DEBTOR regarding the facility application that is part of this Terms and Conditions. 1.2 This Terms and Conditions is a valid and binding agreement between the BANK and the DEBTOR. 2. FACILITY 2.1 Standby Cash Facility a) Standby Cash facility amount as mentioned in the CREDIT CONFIRMATION. The DEBTOR is entitled to withdraw all or part of the Standby Cash facility as mentioned above and then pay all its debts within the tenor period of the Standby Cash facility. In the case of Default as stated in this Terms and Conditions, then the Standby Cash facility granted to the DEBTOR can not be withdrawn. b) Minimum monthly payment is required for Standby Cash withdrawn from the account. If the withdrawal from the account is made on the closing date of the financial statements (statement cut off date) then on or before the Monthly Payment Date the DEBTOR shall pay to the BANK at once, a certain amount of fund with a minimum of 10% of the amount withdrawn or Rp , depending on whichever number is greater (Minimum Monthly Payment). BANK reserves the right to change the Minimum Monthly Payment and Monthly Payment Date and will provide a 14 days notice in advance through announcements from the Bank and / or by other means. c) BANK reserves the right to review Standby Cash facility every year, with a provision that the BANK at any time may increase, reduce, terminate or suspend the Standby Cash facility and / or ask for immediate repayment of all amounts payable in the DEBTOR s current account along

2 with the interest expenses at any time through written notification to the DEBTOR within 14 days in advance, the BANK s decision on this matter binding for the DEBTOR. d) Upon withdrawal and / or disbursement of cheque / giro which exceeds Standby Cash facility and / or resulted in insufficient funds in the current account, then the Bank is entitled to discontinue the facility and demanded immediate repayment of debt principal, interest, penalties and costs that exist with respect to this condition and the DEBTOR is obligated to return all cheque book / giro slips to the BANK. Next, the BANK will include the name of the DEBTOR into the Black List of Bank Indonesia. e) Crediting the account of the DEBTOR on the deposited cheques / giro shall be based on the withdrawn cheque / giro, the funds that have not been successfully withdrawn shall not be calculated in determining the available balance on the Standby Cash facility. f) Repayment of Standby Cash Facility includes principal, interest, penalty fees and other costs, DEBTOR shall reserve a sufficient number of funds each month to pay all obligations to the BANK. 2.2 Fixed Installments Facility Total Fixed Installment facility as defined in CREDIT CONFIRMATION must be repaid through fixed monthly installments during the loan period. Monthly installment paid to the BANK is a part of interest payment, principal, penalties and other parts (if any). DEBTOR shall reserve a sufficient number of funds each month to pay all obligations to the BANK. Debtors are required to open an account in the BANK, which is specifically used as a transaction for receipt and payment of Fixed Installment facility. 3. TIME FRAME 3.1 Standby Cash facility: 1 (one) year from the date the BANK approved the Standby Cash facility to the DEBTOR s account and then the facility can be extended for another period of 1 (one) next year and so on. Fixed Income Facility: In accordance with the provisions in the CREDIT CONFIRMATION. 3.2 Without prejudice to article 3.1, the BANK may shorten or extend the term of the facility where it will be submitted in writing to the DEBTOR within 14 days prior to the maturity, the amount and the terms will be determined by the BANK. 4. EARLY REDEMPTION

3 The DEBTOR is allowed to repay all its facility to the BANK earlier than the time specified through written notice at least 7 (seven) days in advance ("Early Redemption"). Early Redemption fee is as follows: For the current installment period that is less than or equal to 24 months: 5% of the remaining principal debt which was recorded at the time of redemption + administrative fee of Rp , For the current installment period that is over 24 months: 5% of the remaining principal debt which was recorded at the time of redemption. The above provisions are subject to changes at any time in accordance with the BANK s policy, with prior notice. 5. INTEREST, FEE, AND LOAN REPAYMENT 5.1 Standby Cash Facility The DEBTOR shall reserve certain amount of funds for interest payments of Minimum Monthly Payment. If the amount payable is in excess of the DEBTOR s credit limit, then any excess is subject to interest penalty aside the normal interest rate of 38% per annum or other interest rate as established by the BANK from time to time and notified in writing by the BANK to the DEBTOR at the time of the excess credit occurred. The annual fee for Standby Cash facility is 3% of the credit limit approved by the BANK. 5.2 Fixed Installment Facility The DEBTOR shall pay monthly installments to the BANK at the amount stated in the CREDIT CONFIRMATION, the monthly installments consist of principal and interest section (hereinafter referred to as the "installment"). Loan principal and interest shall be paid in full by the DEBTOR to the BANK within the period and amount determined by the BANK. Installments must be paid each month. The first installment must be paid 1 (one) month after the date of funds disbursement, and so on in each and every date of funds disbursement until the debt is fully paid by the DEBTOR to the BANK. Interest provisions are subject to changes according to the development in the domestic interest rate amount, the Bank will notify the changes through a letter to the DEBTOR or via announcements on the existing branches of the BANK. Interest is calculated on the basis of 360 (three hundred and sixty) days a year For New Customer

4 a) Total loan of less than Rp , (twenty million rupiah) for all tenor, the applied interest rate is flat at 1.88% per month and an annual fee of 3.5% for the first year and Rp , (ten thousand rupiah ) for the following year. b) Loan amount greater than or equal to Rp , (twenty million rupiah) for tenor of 12 months to 45 months, the applied flat interest rate is 1.79% per month and an annual fee of 3.5% for the first year and Rp , (ten thousand rupiah) for the following year. c) Loan amount greater than or equal to Rp , (twenty million rupiah) for tenor of 48 months to 60 months, the applied flat interest rate is 1.69% per month and an annual fee of 2% for the first year and Rp , (ten thousand rupiah) for the following year. Specifically for applications applied in Makassar, Pekanbaru, Balikpapan and Batam, monthly interest rate for point (a) is 1.79% (b) is 1.89% and (c) is 1.98% For selected customers who already have Standard Chartered Bank Personal loan facility or Credit Card. a) Personal loan Top Up (Facility for Existing Standard Chartered Bank Personal loan facility Customers). Loan amount less than or equal to Rp , (fifteen million rupiah), the applied flat interest rate is 1.79% per month and annual fee of Rp , (four hundred and seventy five thousand rupiah) for the first year and Rp , (ten thousand rupiah) for the following year. Loan amount greater than Rp , (fifteen million rupiah), the applied flat interest rate is 1.79% per month and annual fee of 1.99% + Rp , (one hundred thousand rupiah) for the first year and Rp , (ten thousand rupiah) for the following year. *The above stated Terms and Conditions is merely an indication and not intended to bind both parties at the time your Personal loan is approved by Standard Chartered Bank. Your relationship with Standard Chartered Bank will be regulated by the terms and conditions stated in the application document that you have signed. b) Cross Sell Personal loan (facility for Existing Standard Chartered Bank Credit Card Customer). The applied flat interest rate is 1.65% or 1.85% per month and the annual fee is 3.5% for the first year and Rp , (ten thousand rupiah) for the following year. c) Personal loan Reinstatement (facility for ex Standard Chartered Bank Personal loan customers). The applied flat interest rate is 1.55% per month and the annual fee is 3.5% for the first year and Rp , (ten thousand rupiah) for the following year.

5 5.3 The DEBTOR is obligated to pay the annual fee and other costs that are collected at the date of the facility disbursement or other dates that will be determined by the BANK. The amount will be debited by the the BANK in the DEBTOR s BANK account. The DEBTOR is obligated to repay all its principal at the end of the loan period. 5.4 Repayment of termination or installments is done by the DEBTOR to the BANK in working days and working hours and shall receive a receipt in the BANK s office, on the spesific address stated below, unless the BANK determine differently in wiriting. If the payment is due on official public holiday in Indonesia or on any other days where the BANK is closed based on the stipulation from Bank Indonesia, then the payment should be made 1 (one) working day prior to the due date. 5.5 All payments and receipts that are conducted by the DEBTOR will be recorded in the DEBTOR s account in the BANK, and by this the DEBTOR has granted the rights to debit the DEBTOR s account regarding the payments that must be done by the DEBTOR in relation with the facility, and also applied for other current account, saving account or deposit (due or current) under the name of the DEBTOR individually or together with other parties in the BANK or other banks within the country or in foreign countries, of which this right can not be revoked until all the DEBTOR s obligations to the BANK is fulfilled. 5.6 If within 15 (fifteen) days after the copy of the account is received the DEBTOR does not submit any written objection to the BANK then the DEBTOR is considered to have approved everything that is written in the current account / saving account, with condition that when an error occurred, then the BANK may at any time and hereby is authorized to conduct correction in the account and is cleared of any form of compensation in connection with this error and DEBTOR renounces its right to reject rectification by BANK. 6. LATE PAYMENT CHARGES If the DEBTOR fails or is unable to pay what should be paid to the BANK at the agreed time, then the DEBTOR is obliged to pay fines to the BANK regarding the amount that should have been paid immediately and simultaneously for as follows ("Late Payment Charges") Standby Cash Facility : Rp , per month Fixed Income Facility : Rp , per month

6 Late Payment Charges amount can be changed at any time by the Bank with written notice 7 (seven) working days in advance to the DEBTOR, through the announcement of the BANK and / or by other means. 7. BANK s RIGHTS 7.1 BANK reserves the right to transfer ITS rights as a debtor to a third party without prior consent from the DEBTOR. 7.2 BANK reserves the right to give particulars or informations regarding the condition of the DEBTOR and / or GUARANTOR to third parties or other parties without the prior consent of the DEBTOR and / or GUARANTOR. 7.3 BANK reserves the right to execute its rights and privileges that arise to cancel the facility and to retrieve the amount of the DEBTOR s debt by combining all and every account and liabilities of the DEBTOR that exist at the BANK either within or outside the country to pay off all loans to the BANK. 8. GUARANTEE If required by the Bank to provide collateral for the loan facility, upon first request of the BANK, the DEBTOR promise to voluntarily surrender collateral and / or additional collateral from the DEBTOR and the DEBTOR hereby promise and bind themselves to give collateral and / or additional collateral including but not limited to the Agreement of Proprietary Delivery in Trust (fiduciary) for moving goods and provide the authorization of the moving goods to the Bank or its representatives who are appointed by the BANK and posses the authority to sell. If the market value of any collateral falls below the amount the Bank regarded as sufficient collateral margin, then the Bank may, without prejudice to any other rights owned by the BANK, to reduce the facility or withhold further disbursement of funds and / or demand repayment of the amount specified by the BANK including payment of any facilities and / or requires the provision of additional collateral. 9. DEFAULT In the event of an incident STATED below, then the Bank has the right to terminate immediately without a subpoena and demanded payment immediately and at once to be settled by the

7 DEBTOR on the amounts of money owed by the DEBTOR which consists of debt principal, interest, annual fees and other costs related with debt in intent, and therefore notice with the bailiff letter or other letters of similar magnitude are not required anymore, when: The DEBTOR fails to pay to the BANK: * Installment / Monthly Minimum Payment. * Repayment of the loan at maturity / at the time of collection for loans with accelerated maturity at the request of the BANK. * Payment for costs over the disbursed facility at the time of collection. DEBTOR is involved in criminal activities or being involved in litigation or listed in the black list of Bank Indonesia. The occurance of condition including changes in financial condition which in the opinion the BANK, will materially and adversely affect the ability of the DEBTOR to repay the loan. The DEBTOR died, was placed under guardianship, the state where it stops paying its debts, filed a bankruptcy petition in any form, submit payment delays If in the opinion of the BANK the collateral used or the DEBTOR s business is in jeopardy, and this has been notified to the DEBTOR. If DEBTOR does not reside in Indonesia, in towns where there are no branch offices of Standard Chartered Bank, then the DEBTOR is obligated to inform this matter. If according to the BANK, the DEBTOR neglected or violated this Terms and Conditions. DEBTOR is in a state of bankruptcy. If the DEBTOR s property in whole or in part is seized in conservatoir seized and the confiscated was declared valid. The DEBTOR failed or did not comply one of the terms in this Terms and Conditions regarding the facility obtained by the DEBTOR from the BANK or from any other parties. In the case of default, then all the debts shall due and must be repaid immediately. Aside from that, the BANK has the right to require cash payment and / or debit the DEBTOR s account for all the outstanding debts. 10. FACILITY TERMINATION If the facility is terminated due to any reason whatsoever, the Bank is not obliged to provide the facility / loan to the DEBTOR and all debts including interest and other fees incurred can be charged instantly and simultaneously by the BANK and DEBTOR shall pay in full instantly and at

8 once. In this regard, the BANK and DEBTOR hereby release provisions of article 1266 of the Civil Code, so to stop the provision of a decision or determination does not require judge s stipulation 11. BANK PRIVILEGES The BANK may execute its rights and privileges to cancel the facility and to obtain the DEBTOR s loan amount through combining every accounts and liabilities that exist in the BANK that are located within the country or overseas to settle all the loans to the BANK. The DEBTOR has the right to receive any excess of the fund from the BANK and the BANK is not obligated to pay any compensation what so ever. 12. DEBTOR s OBLIGATION *This Terms and Conditions is merely an indication and is noty intended to bind both parties when your Non collateralized loan application is approved by Standard Chartered Bank. Your relation with Standard Chartered Bank will be regulated by the Terms and Conditions stated in the application document that you have signed. The DEBTOR promises and agrees that during the availability of the facility and until full repayment and settlement of all the outstanding amount, the DEBTOR is obligated to engage the following: To comply with all BANK s regulations and custom practices, which exist now or will be applied in the future by the BANK. To allow the BANK s employees or representatives at an appropriate time (as determined by the BANK) to examine the wealth and business of the DEBTOR as well as the collateral goods and to check / audit the bookkeeping, recordsm and administration of the DEBTOR and make copies or fotocopies or records of the above.. From time to time, the DEBTOR shall submit to the BANK financial information and etcetera. All the information provided by the DEBTOR to the BANK must be complete, real, and correct. Putting first any payments due under this Terms and Conditions than any other payment to any parties that the DEBTOR is obligated to do. 13. DEBTOR STATEMENT

9 The DEBTOR stated and guaranteed to the BANK that: The DEBTOR is not involved in any form of criminal case or dispute. The DEBTOR is not in a state of bankcruptcy. The DEBTOR is not in a state of default or stated as default by other third parties. The DEBTOR does not have any arrears to the country (the government of The Republic of Indonesia) in such a way that if it is not duly paid, then it would endanger the businesses or the wealth of the DEBTOR. If the DEBTOR passed away, then all loans and obligations of the DEBTOR to the BANK would be the loans and obligations of the heir of the DEBTOR and settlement of these loans and obligations can not be divided among the heirs of the DEBTOR. The DEBTOR agrees to the BANK, its employees and representatives to inform every information related to this agreement to: a. The BANK s Head Office, every subsidiary or subsidiaries of the parent company, affiliates and representatives of the BANK s branch offices anywahere ( the Allowed Parties ). b. Professional advisors and service suppliers of the Allowed Parties that has the confidentiality agreement with the Allowed Parties. c. Every stake holders that exist or will exist or the assignee of the BANK including agents or its advisors. d. Every rating agencies, guarantor, every credit protection providers directly or indirectly for the Allowed Parties. e. Every court, regulatory institutions, observers, governmental or semi governmental institutions that have the jusridiction over the Allowed Parties. 14. AUTHORITY 14.1 To further guarantee the repayment of all that is payable by the DEBTOR to the BANK and including debt principal, interest, annual fees and other costs related to the facility, the DEBTOR now for later in time to provide authority that can not be revoked due to any reason whatsoever to act on behalf of the DEBTOR to liquidate all properties of any nature which are administered by the BANK or to impose other DEBTOR s accounts which are also administered by the Bank for the purposes of full repayment of the DEBTOR s debts to the BANK These authorities can not be revoked until the debt between the DEBTOR to the BANK is settled entirely and it is an important part that can not be separated from these Terms and

10 Conditions. The authorities granted by the DEBTOR by removing all the rules contained in the Act, including section 1813 of the Civil Code and all regulations governing the basics and the causes that led to an end of an authority. 15. COSTS All costs and other expenses related to the granting of the facility including other expenses for case in court or for execution, expenses for loan collection as well as expenses for collateral execution, all shall be borned and paid by the DEBTOR. If the BANK has paid for the for all the expenses stated above, then the DEBTOR shall acknowledged any amount in addition to the loan principal. 16. LEGAL DOMICILE About this agreement and all its consequences and its implementation, the DEBTOR chooses a permanent residence and all of them at the Clerk Office of the South Jakarta District Court in Jakarta, but such rights without prejudice to the rights of the BANK to prosecute in any courts deemed necessary by the BANK in accordance with the applicable law. 17. CORRESPONDENCY For the purposes of communication and / or correspondence in connection with this facility will be addressed to: BANK: Branch Sales & Service Manager Jakarta Menara Standard Chartered Jl. Prof. DR. Satrio No. 164, Jakarta Bandung Jl. Ir. H. Juanda No. 16, Bandung Medan Jl. Imam Bonjol No.17, Medan Semarang Jl. A. Yani No. 155 A, Semarang Surabaya Menara Standard Chartered Bank

11 Jl. Basuki Rachmat 63 65, Surabaya DEBTOR : in accordance with the previous address and / or the last addres recorded by the BANK. If the address has changed, then all parties shall notify in writing to the other party within 14 (fourteen) days since the change in address of each party. 18. OTHERS 18.1 The BANK s bookkeeping shall be the sole basis for establishing the DEBTOR s amount of debt to the BANK and DEBTOR renounces its right to file objections to such evidence The BANK holds the right to change or add clauses in this Terms and Conditions from time to time and the changes shall be binding in 7 (seven) working days after the notification of such changes Things that are not or insufficiently provided in this Terms and Conditions shall be governed then by the Bank with the consent of both parties and shall be an integral part of this Terms and Conditions. *This Terms and Conditions is merely an indication and is noty intended to bind both parties when your Non collateralized loan application is approved by Standard Chartered Bank. Your relation with Standard Chartered Bank will be regulated by the Terms and Conditions stated in the application document that you have signed. GENERAL TERMS AND CONDITIONS OF AN ACCOUNT IN STANDARD CHARTERED BANK, INDONESIA 1. Definition In this Terms and Conditions, unless otherwise stipulated, the words and terms below shall have the following meanings: Account means every account in the Bank. Bank meand Standard Chartered Bank, its successors and assigns. Day meand working day where the Bank is opened and runs its business activities. I means the account holder. Guidance Book means guidebook for Phone Banking services that may be changed from time to time by the Bank.

12 Call Centre means banking services through phone and Bank. PIN means Personal Identification Number issued by the Bank to me so I may utilize the services of International ATM. TIN means personal code number issued by the Bank to me so I can utilize the Phone Banking services. MasterCard Electronic Card means a debit card issued by the bank or other financial institutions that posses the license from MasterCard Electronic wioth the usge of MasterCard logo printed in the middle of the logo. ATM card is a card issued by the Bank functioning as an ATM and International card also MasterCard Electronic card. Card means International ATM card. Merchant is a company or businessman that engage in the service and / or trade that posses an agreement with the Bank to receive card payment. Sales Slip is a form used by the Merchant or cash collection points in doing goods / services sales transaction or collection of cash with the card holder, and it is an evidence at the time of collection towards the Bank or other business entities appointed by the Bank. Credit Slip is a credit note available to be used by the Merchant in canceling a goods / services sales transaction with the card holder. adalah nota kredit yang disediakan untuk digunakan oleh Merchant dalam melakukan pembatalan atas suatu transaksi penjualan barang/jasa dengan pemegang kartu. (singular form of the words also includes plural form). The provisions in these Terms and Conditions may be waived by specific requirements or rules and any Account if there is any inconsistency between the two. 2. Personal Data 2.1 I will immediately notify Bank of any change of name, home address, phone number, occupation, office address and telephone number or where I work. If requested by the Bank, I am willing to give evidence about these changes. I agree that the Bank may refuse to admit that description before I provide sufficient evidence regarding the changes to the Bank. 3. Instruction

13 3.1 I agree that the Bank is not responsible for any loss or damage suffered by me or someone else if the Bank is acting on instructions made by facsimile and I agree to comply with all provisions in accordance with the statement letter of instructions via facsimile. 3.2 I agree that the Bank is not responsible for any loss or damage suffered by me or anyone else due to Bank receiving a dual command. 3.3 I agree that the Bank may use the services of correspondent banks and agents and that the Bank is not responsible for any loss or damage suffered by me or others due to an act, or omission to act, or delay in acting, from the parties. I agree that the sole responsibility of the Bank in this regard is in selecting the right agent. 3.4 I agree that the Bank is not responsible for the authenticity, validity, accuracy or completeness of the documents it receives (including the authenticity of signatures on the document) or for any actions taken based on these documents. 3.5 I agree that, if there is any delay or error in carrying out my instructions, the Bank will only be liable for any loss of interest (unless the Bank had known in advance that my loss is more than just interest loss). 4. Account Operating Instruction If I / we provide written instructions to the Bank to open additional accounts on behalf of the same with my account / ours without explaining the name that is entitled to give instructions on the operation of the Account, the Bank will use one specimen signature of the operation instructions from My Account / ours existing in the bank. 5. Funds Deposit into the Account 5.1 I will not send cash through postal mail. 5.2 I understand that the Bank will only accept cheques or other means of payment order to a third party if: a). Cheques or payment instruction instrument does not contain the words "unpaid account" or "Not transferable" and b). Cheques or payment instruction instrument has been properly auithenticated c). I shall provide to the Bank all information which may be requested by the Bank on the transfer (endorsement) and the payment instruction instrument or my acceptance of it.

14 5.3 I agree that, if the funds derived from a cheque or other payment instruction instrument has been credited into the account and then the cheque or other payment instruction instrument is rejected for any reason, the Bank may withdraw or take back the same amount of funds from the Account, and the Bank can hold the instrument that was rejected and the rights attached to the payment instrument. I also agreed to indemnify the Bank against all losses costs, damages and costs that may be suffered by the Bank because of rejection of the payment instruction instrument because of the demands of others against the instrument. 5.4 I understand that the cash deposited through an ATM machine to be credited to the Account will be calculated by two employees of the Bank and that their record about the amount of the cash deposited is an absolute proof. I acknowledged that the cash deposited through an ATM machine before at on a certain day will be credited to the account on the same day, and that cash deposited after on a certain day shall be credited into the account on the next day. 5.5 I agree that any instructions that may be given by the sender with respect to a transfer of funds on further action on these funds will put aside my further instructions regarding the funds. 6. Penarikan Dana dan Rekening 6.1 I will only withdraw funds with a cheque sheet, demand deposit or withdrawal slip that has been provided by the Bank and I agree that the Bank may refuse the withdrawal of funds that is done by another sheet. I will write and sign a bank document with ink writing instruments and will do everything I can to ensure that no additions and changes can occur illegally. 6.2 I agree that the Bank may refuse to pay cheques, demand deposits and letters of withdrawal in accordance with Bank Indonesia regulations (eg cheques that will be filed 70 days and more after the date of the cheque.) *This Terms and Conditions is merely an indication and is noty intended to bind both parties when your Non collateralized loan application is approved by Standard Chartered Bank. Your relation with Standard Chartered Bank will be regulated by the Terms and Conditions stated in the application document that you have signed.

15 6.3 I will carefully store all cheques, demand deposits, telegraphic transfer request form and withdrawal slip given to me by the Bank. If the document is missing, I will immediately notify the Bank in writing of such loss, notify the document numbers, notify the bank on the numbers of the lost document and submit a reference from the police about such loss. I agree that I am responsible for any misuse of cheques, demand deposits, telegraphic transfer or withdrawal slip request form given to me by the Bank and that, if this happens, the Bank is in no way responsible for any loss suffered by me or someone else. 6.4 I will not withdraw the cheques or demand deposit or try to recall using any tool (including fixed command or standing order) unless there are sufficient funds to be withdrawn in the Account and agrees that the Bank may restor, without pay, all cheques or demand deposit slip or withdrawal form, and may refuse to make another payment, if funds available in Account are not adequate. Therefore, I will ensure that sufficient funds are always available in the Account to cover all withdrawals and such Account. 6.5 If I deliver a cheque or other instruments of payment through mail so that (the funds from) the cheque or the payment instrument is deposited to a certain account in the Bank, I shall list the designated name and the account number, make appropriate crosses and list the designated name and account number in the Pay To column or other similar columns, and I agree that if I do not engage the activities stated above regarding the delivery of cheque or payment instrument then all the risks that may incur shall be my personal responsibility. 6.6 I agree that I am only able to stop the circulation of a check if I filed a written request to the Bank by attaching a reference letter from the police about the loss or theft of the cheque. I agree however, that the Bank is not responsible for the inability to stop the circulation of any cheque or other payment. 6.7 I agree that I can stop a standing order when I asked the Bank to stop it 5 days before the date of the standing order executed. 6.8 If the bank returns the missing funds notes, I agreed to give the Bank damages for all claims, losses, expenses, damages and costs suffered if the draft is then submitted, and I will restore the original draft to the Bank if the draft is found. 6.9 If I intend to withdraw funds in cash in amounts that exceed the permitted limits, then I will notify the Bank at the latest one day before about my intention.

16 7. Time Deposits I understand that no transactions can be performed on a time deposit accounts during the deposit period and, if the Bank approves the application for the partial or full withdrawal before maturity, I'll be fine and I will lose some or all of the interest on term deposit accounts. 8. Overdraft 8.1 I will not withdraw funds from the Account exceeding the funds available and I will not exceed the overdraft limit without prior approval from the Bank. I understand that the Bank may refuse to make payments or authorize a withdrawal, if such payment or withdrawal exceeds the available funds in the Account or exceeded the overdraft limit granted. 8.2 I understand that if the Bank unilaterally decided to allow the withdrawal of funds or payments as stated in article 8.1 of any Account, I will be charged and the interest rate is applied for the bank overdraft facility which will be drawn from such Account. 8.3 I agree that the Bank may unilaterally cancel or alter any Account overdraft limit without notice to me. In this case I agree to immediately adjust the balance to be within the new limit. 9. Foreign Currencies 9.1 I agree that if I do cash withdrawals, the Bank may pay by cash in foreign currencies that are different from the Account currency 9.2 I agree that, if a transaction is conducted in currencies different to the currency of the relevant Account, the Bank may convert the transaction into the relevant currency with the prevailing exchange rate at the Bank and the Bank may charge me with conversion costs. 10. Joint Account 10.1 I agree that any correspondence sent to a Joint Account holders will be treated as if the letter was also sent to all Joint Account holders I and the other Joint Account holders either alone or jointly responsible for paying back all the money owed to the Bank in connection with the Joint Account 10.3 I agree that, if any of the Joint Account holders dies, the funds in the Joint Account shall be transferred to (the) Joint Account holders who are still alive I will abide by any provision in the Joint Statement of Accounts (Joint Account Mandate). I understand that if agreed, a Joint Account can be run simply with one signature by one of my

17 My Joint Account holders. In this case, each account holder has the same authority to execute the Joint Account I agree that, if in the Joint Account holders give conflicting instructions, or appear to conflict with instructions given by the other Joint Account holders, the Bank may refuse to carry out the instructions or make a payment from the Account before the Bank receives written instruction signed by all Joint Account holders. 11. Costs 11.1 I will pay all costs, charges and fees due in connection with the Account. I understand that the fees, charges and provisions will be taken from my account and that the costs and unpaid fees will be payable to Bank 11.2 I understand that details of costs and fees will be given at the time I opened the account (and I understand that I may request another copy) and any amendments to the charges and fees will be announced or shown at the Bank. 12. Layanan Call Centre 12.1 I will comply with the procedures as described in the Guidebook I agree that the verification procedures set forth in the Guidebook is sufficient to prove my personal identity and that the Bank does not need to do anything else to verify the identity of the caller. If the Bank to follow the procedures as stipulated in the Guidebook, I was considered to have given an instruction on any Account legally and properly. I am fully responsible for all transactions made using the TIN with or without my knowledge or consent. I put aside all the rights and remedies that may be made to the Bank for any loss or damage from the unauthorized use or abuse of the TIN 12.3 I agree that the Bank may refuse to carry out the instructions made by the Call Centre service, without any notice. I agree that the Bank is not responsible for any failure or delay for any reason whatsoever in carrying out the instructions made by the Call Centre I agree that the Bank may request written confirmation or instructions made through the Call Centre and to refuse carrying out the instructions before the Bank receives such confirmation.

18 12.5 I will maintain the confidentiality of the TIN and will not tell or allow anyone else to know or use it. I will immediately report to the Bank and request a new TIN if I feel that it has been known by others. I agree to take responsibility for my use of the TIN by others I agree that the Bank may record or monitor any instructions by telephone and that the recording would be absolute proof of such instructions. 13. International ATM Card Services *This Terms and Conditions is merely an indication and is noty intended to bind both parties when your Non collateralized loan application is approved by Standard Chartered Bank. Your relation with Standard Chartered Bank will be regulated by the Terms and Conditions stated in the application document that you have signed I will maintain the confidentiality of Personal Identification Number (PIN) and will not tell to others and never allow anyone else to use my International Card. I will immediately report to the Bank and request a new PIN if I feel that the PIN may have been known by others. I also agree to be responsible for the use of PIN by others I am fully responsible for all transactions made using a PIN with or without my knowledge and consent. I put aside all the rights and remedies against the Bank for any loss or damage resulting from the unauthorized use or misuse of PIN I agree that the Bank is not responsible if there is an ATM machine that does not accept international ATM cards and I understand the limits of cash that I can retrieve from an ATM machine (and that now the limit is Rp 5 million per day for bank ATM machines and ATM machines of Other banks may set their own limits) Saya setuju bahwa kartu ATM lnternasional merupakan milik Bank dan bahwa Bank akan menahannya jika saya salah memasukkan PIN tiga kali berturut turut I will return the card to the Bank Priority Banking members immediately after the expiry of the card, cut the magnetic tape into two parts The Card is the property of the Bank and the Bank therefore reserves the right to withdraw or cancel this facility by giving advance notice to me I agree to sign the sales slip for each transaction in the purchase of goods or services and cash withdrawal form to capture the cash obtained by using the card. I agree to have to keep

19 carbon copies Sales Slip and / or cash withdrawal form as evidence to be matched with the bill contained in the Account Bank bills Request for Sales Slip copy and monthly account statements will be charged for each copy and will be charged to my account I agree to treat / take photo copies copies / micro films made by the Bank as legitimate evidence that have the same legal force as the original I reserve the right to obtain goods and services from the Merchant as well as making cash at the Bank in Indonesia and abroad who installed the MasterCard Electronic logo is still in force as long as it appears on the card or in absence of the cancellation of the card. I must be responsible for all costs incurred due to the use of cards for decision making goods and services as well as cash Goods and services and withdrawal of the cash obtained by using the card can not be exchanged or refunded in cash. To return the goods or services that have been obtained to Merchant, Merchant shall issue a credit slip signed by cardholder and not others, which will be credited by the Bank. During the Credit Slip issued by the Merchant has not been received by the Bank, the amount to be billed by the Bank is the sum of all prices and claims made to the Merchant can not be used to reduce the financial penalty to the cardholder's bank Banks are not responsible for any problems relating to the purchase of goods or services by card holders. When disputes arise, the cardholder must do that your self with the Merchant The Bank is not responsible for payment of interest to the transaction in dispute. If necessary, adjustments of credit will be made Transactions conducted outside Indonesia will be converted in the calculation amount based on the International MasterCard conversion rates at that time. The conversion rate at the time of calculation may vary with the conversion rate at the transaction due to fluctuations in financial markets in the country concerned I agree to be solely responsible for all things related to this Account, including but not limited to maintaining the confidentiality of Personal Identification Number (PIN) to conduct transactions via the EDC / POS or over the counter or an ATM, so as not to be used by any other party. The use by unauthorized parties and all consequences and losses remain the responsibility and risk my own. 14. Account Report

20 14.1 I will check every statement of account carefully. I agree that if I did not object in writing within one month from the date of the consolidated statement is made then it shall be deemed correct and the Bank shall not be liable for any errors in the statement of Account I will check for any notifications from the Bank carefully. I agree that if I did not file immediately within 5 days of receipt, the notice shall be deemed correct and the Bank shall not be liable for any errors in the notice I agree that the Bank can correct errors in accounting or statement of account and such notifications and repairs are binding. I agree that the Bank is not responsible for any consequences and errors including the corrections. 15. Correspondency 15.1 agree that any correspondence will be deemed received by me: a) four days after the date of delivery, if the Bank sends the letter through mail to the address recorded by the bank as my mailing address, and b) on the date of delivery, if the Bank sends the letter via courier to my mailing address I will ask the Bank advance written consent, if I want to have all correspondence addressed to the Bank. I agree that, without the advance written consent, the Bank may refuse to accept and is not responsible for the care of the correspondency. 16. Letter Storage Services 16.1 I agree that, if I ask for the Letter Storage Services and the Bank approve the request, the Bank will keep all the letters (correspondence) which the Bank will send (including the consolidated accounts, cheque books, current account form, the International ATM Card and notifications regarding changes in interest rates and fees and changes on these Terms and Conditions) and the Bank will charge for these services I acknoeledge that I can take each letter (correspondence) from the Bank every day during working hours of the Bank At the time of retrieving the letter (correspondence), I will show proof of identity as may be necessary or sufficient power of attorney if the retrieval is made by others I agree that I am considered to have received any letter on the date when the Bank issued a letter (regardless of the fact whether I took it on that date or not).

21 16.5 I agree that the Bank reserves the right to destroy the letters that are not (yet) taken for six months or which are not (yet) taken within one month after the expiration date of Letter Storage Services without prior notice to me. 17. Information I agree that the Bank may provide information about me and the Account to: a. The BANK s Head Office, every subsidiary or subsidiaries of the parent company, affiliates and representatives of the BANK s branch offices anywahere ( the Allowed Parties ). b. Professional advisors and service suppliers of the Allowed Parties that has the confidentiality agreement with the Allowed Parties. c. Every stake holders that exist or will exist or the assignee of the BANK including agents or its advisors. d. Every rating agencies, guarantor, every credit protection providers directly or indirectly for the Allowed Parties. e. Every court, regulatory institutions, observers, governmental or semi governmental institutions that have the jusridiction over the Allowed Parties. 18. Compensation (Set off) and Bank Transfer 18.1 I agree that the Bank can use the available funds in the Account to pay off all my debts which have matured to the Bank. I also agree that the Bank may use any amount payable to me to pay my debt to the Bank in connection with the Account I agree that I can not compensate for any amount of money in my account against any debt to the Bank If there is a shortage of funds in the Account, I agree that the Bank, in its sole discretion, may transfer funds in my other accounts, without prior notice to me. *This Terms and Conditions is merely an indication and is noty intended to bind both parties when your Non collateralized loan application is approved by Standard Chartered Bank. Your relation with Standard Chartered Bank will be regulated by the Terms and Conditions stated in the application document that you have signed.