PERFORMANCE BOND

Date of Issue:

APPLICANT: BENEFICIARY:

AMOUNT: USD/RP [●]

Dear Sirs,

OUR BANK GUARANTEE NO [●]

Whereas [Contractor’s name] and [Beneficiary’s name] have entered into Subcontract
Agreement dated [●] number [●] (the Contract)

By Contract they are to present bank guarantee(s) for yourselves as security for the
fulfillment of their contractual obligations.

As a guarantee for the contractual commitments undertaken by [Contractor] towards

yourselves or your order , we undersigned [Bank] hereby irrevocably and unconditionally
undertake to pay to yourselves or your order immediately and within 3 calendar days
from receipt of your first written demand by facsimile and /or letter signed by your
President Director and/ or Vice President Director and/ or your authorized
representative, any amount up to USD/RP [●] notwithstanding any challenge whatsoever
or however made by [Contractor] or any other Party and without arbitration, stating that
[Contractor] has failed to fulfill their contractual obligations under the Contract. This
Beneficiary’s demand shall be accepted by the Bank as conclusive evidence that the
amount demanded is due to the Beneficiary.

Our present commitment will commence on [date] and will expire on [date].

Special conditions:

1. This Bank Guarantee will become void or null 30 calendar days after the date of
presentation of the original of Certificate of Completion issued and signed by the
authorized representative of the Beneficiary under the said Contract. We shall notify
the Beneficiary on such effect.

2. This Bank Guarantee will be renewed until 30 calendar days after the actual date of
the issuance of the original of Certificate of Completion duly signed by the authorized
representative of the Beneficiary under the said Contract.

In case of no claim made by the Beneficiary within 30 calendar days after the expiry, the
original of this Bank Guarantee should be returned to ourselves.
Claims under this Bank Guarantee must be lodged in writing by facsimile and/or letter to
our address [Complete Address of Bank issuing] fax no. [●], or telex no. [●] (SWIFT
Address: [●]) Attn. to [●] with a copy to the Applicant, not later than 30 calendar days
after the expiry date.

As provided in Article 1832 of the Indonesian Civil Code, we hereby expressly relinquish
our privilege under Article 1831 of the Indonesia Civil Code to claim confiscation in
advance on Applicant’s assets or properties to settle his debt.

Yours very truly,

(authorized signatures)
 ADVANCE PAYMENT BOND

Date of Issue:

APPLICANT: BENEFICIARY:

AMOUNT: USD/RP [●]

Dear Sirs,

OUR BANK GUARANTEE NO [●]

Whereas [Contractor’s name] and [Beneficiary’s name] have entered into Subcontract
Agreement dated [●] number [●] (the Contract)

By Contract they are to present bank guarantee(s) for yourselves as security for the
fulfillment of their contractual obligations.

As a guarantee for the contractual commitments undertaken by [Contractor] towards

yourselves or your order , we undersigned [Bank] hereby irrevocably and unconditionally
undertake to pay to yourselves or your order immediately and within 3 calendar days
from receipt of your first written demand by facsimile and /or letter signed by your
President Director and/ or Vice President Director and/ or your authorized
representative, any amount up to USD/RP [●] notwithstanding any challenge whatsoever
or however made by [Contractor] or any other Party and without arbitration, stating that
[Contractor] has failed to fulfill their contractual obligations under the Contract. This
Beneficiary’s demand shall be accepted by the Bank as conclusive evidence that the
amount demanded is due to the Beneficiary.

Our present commitment will commence on [date] and will expire on [date].

Special conditions:

This Bank Guarantee will become void or null 30 calendar days after the expiry. We shall
notify the Beneficiary on such effect.

In case of no claim made by the Beneficiary within 30 calendar days after the expiry, the
original of this Bank Guarantee should be returned to ourselves.

Claims under this Bank Guarantee must be lodged in writing by facsimile and/or letter to
our address [Complete Address of Bank issuing] fax no. [●], or telex no. [●] (SWIFT
Address: [●]) Attn. to [●] with a copy to the Applicant, not later than 30 calendar days
after the expiry date.
As provided in Article 1832 of the Indonesian Civil Code, we hereby expressly relinquish
our privilege under Article 1831 of the Indonesia Civil Code to claim confiscation in
advance on Applicant’s assets or properties to settle his debt.

Yours very truly,

(authorized signatures)