AGENCY AGREEMENT

This agreement is made and entered into on July 19, 2007 between PT. BINTANG
DISTRIBUSI LOGISTINDO, corresponding address at Jl. Enggano Raya No. 91, Tanjung
Priok, Jakarta Utara ( herein after called “PRINCIPAL”) duty incorporated according to the
laws of Indonesia having its registered office at Indonesia and PT. SAMUDERA LAUTAN
LUAS a company duty incorporated according to the laws of INDONESIA, having its registered
office at JL. Letda Sudjono IV No. 22 Bandar Selamat, Medan (hereinafter referred to as the
“AGENT”).

WITNESSETH

PT. BINTANG DISTRIBUSI LOGISTINDO, desires to appoint PT. SAMUDERA LAUTAN

LUAS as one of the AGENTs at Belawan, Indonesia

And PT. SAMUDERA LAUTAN LUAS has agreed to accept such appointment as AGENT in
Belawan upon the terms and conditions set forth in this agreement.

Hereby both parties hereto agree as follows:

1. GENERAL CONDITIONS

1.1 The AGENT shall perform the customary duties and functions of a PRINCIPAL in
Belawan according to the terms and conditions set forth in this Agreement.

1.2 The AGENT undertakes to perform all reasonable duties requested by the principal and shall
at all times protect the principal’s interest and avoid unnecessary loss or expenses.

1.3 The AGENT shall book containerized cargo in accordance with the principal ’s instruction
and also subject to the principal’s Bill of Lading clauses and exceptions.

1.4 The AGENT is hereby authorized to sign Bill of Ladings on behalf of the PRINCIPAL and
specimen signatures of the delegated party/parties shall be registered with the PRINCIPAL.

1.5 Any activities of the AGENT that are not covered by this agreement, the local established
customs of the trade and /or ports shall apply and form part of this agreement, unless
otherwise agreed. The AGENT undertakes to inform in writing to Principal with any
relevant local customs or practice.

1.6 All aspects of the PRINCIPAL’ s business are to be treated confidentially and all files and
records to this business remains the property of the PRINCIPAL.

1.8 The AGENT shall represent the Principal in Belawan and supervise all the activities on
behalf of the principal using best endeavors to comply with the Principal’s Standard
Operating Procedures and any reasonable specific instructions which the Principal may give,
including the use of the Principal’s documentation, terms and conditions.

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2. SALES AND MARKETING

2.1 The AGENT is responsible for Sales and Marketing of the containerized cargo in Belawan

3.1 To supervise, activate and co-ordinate all sales and marketing activities of port, Inland in
accordance with general guidelines laid down by the principal and to use every effort to
obtain business from prospective clients and to consolidate the flow of statistics and
information.

3.2 The AGENT shall give Monthly Progress Report to the principal on all matters regarding
sales and marketing such as existing customer’s views, prospective customers, competitors
moves, customer complaints etc.,

3.3 The AGENT shall take prompt action on every complaint from the shipper against improper
service rendered to them.

3. OPERATIONS AND DOCUMENTATIONS

3.1 The AGENT shall release Delivery Orders to consignees against presentation of Reliance
Shipping Bill of lading as per terms and conditions of the principal ’s Bill of Lading.

3.2 The AGENT shall perform container tracking to avoid any delinquent containers. The
AGENT shall duly send accurately and timely, all reports required as set out in Standard
Operating Procedure.

3.3 The AGENT shall arrange for the most economical dispatch in the ports within the scope of
the sailing schedule and to arrange for an efficient rotation of containers in compliance with
the principal’s instructions.

3.4 The AGENT shall collect freight for collection shipment, THC, Detention and other charges
where applicable before releasing Delivery Order.

4. OUTBOUND CARGO

4.1 The AGENT shall send booking advice to the principal based in 7 days booking forecast
respectively.

4.2 The AGENT shall give an update on the booking volume to the principal at the First
available opportunity.

4.3 The AGENT shall collect freight for the freight prepaid shipment, THC and other charges
where applicable before releasing master of original Bill of lading.

4.4 CONTAINER REPAIR COSTS/ WASHING: The AGENT will not bear any container
repair/washing costs. Since units are always released under “AV” condition. The AGENT
shall be responsible for collection of such repairs/ washing from consignee or shipper at the
time of delivery where empty units are provided. The AGENT has to inform the principal in
case the units are found damaged/dirty it would be diligent to an “EIR” of all equipment.

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5. INBOUND CARGO

5.1 The AGENT shall inform to Consignee in Port of Destination for the Notice of Arrival
regarding
the import cargo.

5.2 The AGENT shall collect freight ( for indicated should be collected at Port of Destination),
THC
and other charges where applicable before releasing Master Bill of Lading.

5.3 The AGENT shall provide the cargo clearance if requested by Consignee.

6. ACCESS TO DOCUMENTS

6.1 The AGENT shall have the right to access and examine, during the term of this
Agreement and a year after its termination, on any and all of the AGENT’s books,
records, accounts and all documents relevant to this Agreement. This included unlimited
access and examination to the AGENT’s records of funds collected or disbursed on
behalf of the principal.

7. ACCOUNTING AND FINANCE.

 The AGENT shall provide appropriate records of the principal ’s financial position to be
maintained in books, which shall be available for inspection as required and to prepare such
periodic financial statements as may be required.

 The AGENT shall check and/or calculate the freight and other charges according to tariffs
supplied by the principal and to inform the AGENT in writing if there are differences. Due
care and diligence shall be exercised in applying all terms and conditions of such tariffs or
other freight agreements.

 The AGENT shall remit to the principal , the freight revenue and other monies as indicated
in the freight manifest and other documents.

 The AGENT shall submit Statement of Accounts (SOA) to the principal periodically. SOA
for shipments of the current month are to be submitted and received by the principal end of
the month.

8. REMUNERATION

The AGENT remuneration for services rendered is agreed as follows:

 For out bond and in bound is agreed for sharing profit between PT Bintang
Distribusi Logistindo and PT. SAMUDERA LAUTAN LUAS ( 50% and 50% ).

9. JURISDICTION

This Agreement shall be governed by and construed in all aspects in accordance with the laws of
the Republic of Indonesia.

10. DURATION OF AGREEMENT

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10.1. This agreement shall continue enforce as from date issue up to further notice, subject to
renewal for another period of 1 year on mutual consent.

10.2. Either party for termination of this Agreement shall give a minimum of period of 30 days
written notice.

10.3. In confirmation of foregoing the parties have caused the signatures of their respective
authorized officers to be affixed here in to and to another of the same term and date the
presents.

AS PRINCIPAL, AGENT,
PT. BINTANG DISTRIBUSI LOGISTINDO PT. SAMUDERA LAUTAN LUAS

Name : Adzan Setiabudi Name : Fikri Andi Akbar

Title : Direktur Utama Title : Director
Date : Date : 27 July 2007