Irrevocable Corporate Purchase Order (ICPO)

Date: 9th January 2019

To: PT. HALUAN SAMUDERA MAKMUR

Address: SME TOWER, 10/F JI. Jend Galot Subroto KAV, 94
Jakarta 12780 - Indonesia
Attn: Mr. Rahmad Akbar Siregar
Managing Director

I, Wicky Leung Wing Cheong under signed, as Managing Director of Infotech Research Consultant
Limited. with Full Corporate and legal responsibility and authority under penalty of perjury, hereby place
this Irrevocable Corporate Purchase Order (ICPO) of herewith named products according to the
following terms and conditions:

ICPO no. IRCP/001/19

COMMODITY: Liquified Natural Gas (LNG)
ORIGIN: RUSSIA FEDERATION
SPECIFICATIONS: LNG International Standard (Please refer to the attached Annex “A”)
TRIAL ORDER: 50,000/Metric Ton
PERMANENT ORDER: 100,000/Metric Ton for 60 months (Annual Total: 1,200,000/Metric
Ton)
PER SHIPMENT: 100,000/Metric Ton
CIF: China
PORT OF LOADING: Vladivostok. Russia
DESTINATION PORT: China Jiangsu Rudong/Guangdong Danshui Terminal
PRICE: (USD) USD$270.00 per Metric Tons CIF CHINA Price;
PAYMENT TERM & 1. By Block Fund for First Three Months with amount
CONDITION US$100,000 and by LC at sight for Ten Months with amount
US$1,000,000
2. Upon the arrival of the vessel at destination port, Buyer
coordinate conduct CIQ test on the product.
3. Upon the successful test on product to comply with the
specification in the contract, buyer release payment for the
product via T/T wire Transfer.
4. Seller pays all intermediaries involved in accordance with the
signed NCNDA/IMFPA
INSPECTIONS: SGS or Equivalence

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PERFORMANCE BOND 2% PB, in favor of buyer.
CIF INTERNATIONAL 1. Buyer issue ICPO to the Seller with Banking Detail, Company
TRADING PROCEDURE: Registration Certificate.
2. Seller issue Full Corporate Offer (FCO) and Gas Sale & Purchase
Agreement (GSPA Draft Contract).
3. After Seller issue the Draft Contract or GSPA for the Buyer’s
Signatory. The Draft Contract or GSPA must be duly endorsed
and returned alongside with the official Letter of Acceptance
by the Buyer.
4. Seller issue Commercial Invoice and Buyer Signed the
Commercial Invoice and release email to Seller bank from Buyer
Bank Swift 799 Admin Block for Payment via block fund TT MT-
103.
5. After Seller Bank Verification, Seller release PPOP Document to
the Buyer via email as follow:
a. APPROVAL TO EXPORT;
b. CERTIFICATE OF ORIGIN;
c. ANALYSIS REPORT (Q&Q) RIDZHIT;
d. COMMITMENT TO SUPPLY;
e. COMMERCIAL INVOICE;
6. Upon the receipt of the partial POP documents as advised
above, the buyer issues payment instrument block fund to Seller
for the First Three Months with amount US$100,000 and LC at
sight for Ten Months with amount US$ 1,000,000 to Seller and
the Seller Bank responds with 2% PB to Buyer Bank
immediately.
7. Upon received and confirm block fund and LC at sight accepted
by Seller Bank, Seller release Full PPOP (Buyer Name):
a. CHARTER PARTY AGREEMENT;
b. TANK RECEIPT;
c. BILL OF LADING;
d. SGS REPORT;
e. VESSEL Q88 & OTHER SHIPPING DOCUMENTS;
f. COPY OF INSURANCE;
g. CERTIFICATE OF OWNERSHIP;
h. AUTHORIZATION TO SELL;
8. Upon receiving the FULL PPOP documents, Buyer issue CPA
Storage Tank.
9. Shipment and Delivery commences as scheduled.
10. Within 5 working days of vessel arrival, Buyer release full
payment via T/T wire after CIQ Test at the Destination Port.
11. Seller releases payment to all Intermediaries within 24 hours of
payment as mutually agreed in the NCNDA/IMFPA.
VALIDITY: 30 days

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 Our Company Information:
1. Company Name:
2. Company Origin:
3. Company Registration No.:
4. Company Address:
lNFOTECH RESEARCH CONSULTANT LIMITED.
ANGUIILA (See attached Annex “B”)
2244005
G/F, 8B MORRISON HILL ROAD, WANCHAI, HONG KONG.

OUR BANK NAME AND ACCOUNT INFORMATION

THE NAME OF BANK: DBS Bank (Hong Kong) Limited
ADDRESS OF BANK: G/F, The Center, 99 Queen’s Road Central, Central, Hong Kong
ACCOUNT NUMBER: 000624137
ACCOUNT NAME: lNFOTECH RESEARCH CONSULTANT LIMITED.
SWIFT NUMBER: DHBKHKHH

We understand that all offer and/or contracts are subject to successful Seller verification of funds
availability. We hereby give our written permission for the Seller to conduct a soft probe of our account
and that our Bank has been informed to this effect.

Yours Sincerely,

Wicky Leung Wing Cheong

Managing Director
INFOTECH RESEARCH CONSULTANT LIMITED

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Annex “A"
QUALIFICATION DOCUMENTS
Specification of LNG to be Supplied

Source LNG Complex

Nitrogen N2% 氮 0.14

Methane CI% 甲烷 91.69

Ethane C2% 乙烷 4.64

Propane C3% 丙烷 2.60

C4+% 碳四 0.93

TOTAL 100

LNG Density (1) kg/m3 密度 454.19

Gas Density (2) kg/m3(n) 气体密度 0.8

Expansion ratio m3(n)/ m3liq 膨胀率 569.15

Gas GCV (2) MJ/ m3(n) 气体 GCV 43.67

Wobbe index (2) MJ/ m3(n)沃泊指数 55.59

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Annex “B”
BUSINESS LICENSE