TRANSACTION CODE: GGTUS-DBS500MBNPSBLC1292023

(NON-RECOURSE LOAN AGREEMENT)

Contract Amount (Instrument SBLC Face Value): EURO 500,000.000.00 (FIVE HUNDRED MILLION EURO) WITH
POSSIBLE ROLLS AND EXTENSIONS

This SBLC Agreement/Deed of Agreement (from now onward the Agreement), is made and entered into this SEPTEMBER
14, 2023, by and between:

THE PROVIDER INFORMATION

COMPANY NAME INTERGLOBE COMMODITIES LLC.

REGISTERED ADDRESS 1031 SOUTH BROADWAY SUITE 401 LOS ANGELES

REGISTRATION No 200621910119
REPRESENTED BY IAN RICHARDS
DESIGNATION
CFO
PASSPORT No
554380782
COUNTRY OF ISSUE
UNITED KINGDOM
DATE OF ISSUE
07/03/2018
DATE OF EXPIRY
08/03/2028

Hereinafter referred to as “Receiver”, on the one side, And

THE RECEIVER INFORMATION

COMPANY NAME PT. PRESTIGE GLOBAL PETROLEUM

Graha Mandiri Level 16. Jalan Imam Bonjol No.61. Kelurahan Menteng,
REGISTERED ADDRESS
Kecamatan Menteng, Jakarta Pusat, Indonesia 10310
REGISTRATION No 022.0202.6010.54

REPRESENTED BY DR. Dewi Laxmi Caroline H.

DESIGNATION DR. Dewi Laxmi Caroline H.

ID/ PASSPORT No X1203840

COUNTRY OF ISSUE INDONESIA

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DATE OF ISSUE 21 May 2021

DATE OF EXPIRY 21 May 2026

Hereinafter referred to as Provider, on the other side.

The Receiver and the Provider hereinafter being referred to singularly as the Party and collectively as the Parties.

NOW, PREMISES CONSIDERED, the Parties hereby agreed to enter this Blocked Funds Agreement (hereinafter referred to
as the Agreement) for the Provider to provide and the Receiver to discount the Blocked Funds specified hereto under the
terms and conditions of this Agreement.

Instrument Description:

1. INSTRUMENT TYPE: STANDBY LETTER OF CREDIT

2. TERM: OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED

3. AGE: TWELVE MONTHS (366 DAYS)
4. ISSUING BANK: BNP PARIBAS S.A.
5. INTEREST RATE: ZERO COUPON
6. LEVEL TO VALUE: 57% OF FACE VALUE

7. CURRENCY: EURO
8. CONTRACT AMOUNT: €500,000,000.00 (FIVE HUNDRED MILLION EURO) WITH ROLLS AND
EXTENSIONS
9. FIRST Tranche: €500,000,000.00 (FIVE HUNDRED MILLION EURO)
10. DELIVERY: SWIFT MT760
11. PAYMENT: VIA SWIFT MT103 WIRE TRANSFER

Procedures:

Acting Party

1 Receiver /Buyer Receiver fills in, initials, signs and submits this Agreement with CIS
2 Both Parties After conducting initial due diligence and Within (1) One business days of this Agreement
being executed by Receiver/Monetizer, Provider shall fill it in initial, sign and close in pdf,
making it binding to both parties. Both Parties shall then lodge this Agreement with their
designated banks.
3 Provider/ • Provider will provide MT760 of SBLC.
Receiver

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4 Beneficiary • Sender’s bank will send MT760 within 3 banking days and provide copy of slip to
receiver.

• Within One (1) Banking Day of receipt of the SWIFT MT760 from Provider, Receiver’s
bank shall authenticate and validate the SWIFT MT760 on Bank to Bank basis.

• Within FIVE (5) Banking Days of authentication of the MT760, Receiver’s bank settles the
agreed fees of the instrument via SWIFT MT103.

• Receiver/Monetizer forwards a copy of the SWIFT MT103 to the Provider via e-mail
immediately after transmission of Settlement/Payment.

5 Both Parties Subsequent tranches shall be as per Tranche Schedule specified in this Agreement or as may be
agreed upon between the FUNDER and the PROVIDER. Subsequent tranches shall be as per the
procedures above.

6 Any rolls and extensions have to be agreed upon between the Provider and the
Both Parties Receiver/Monetizer by one (1) week before the initial contract amount is exhausted.

*INSTRUMENT RETURNED AT END OF 1 YEAR OR VOIDED

• All payments must be same value and validity date and for immediate credit.
• All Commissions are paid by the Beneficiary (FUNDER)
• This Agreement expires in FIVE (5) banking days if not executed by both Parties.
• Through mutual agreement. First tranche can be 500M EURO.
• Monetizer should pay 3% of face value to provider and his brokers after receiving MT760 if monetizer cannot
perform.

The Receiver’s Settlement Bank Coordinates receiving Swift MT760:

Bank Name
Bank Address
Account Name
Account Number
Swift Code
Bank Officer

MONETIZER’S BANKING COORDINATES TO PAY.

Bank Name
Bank Address
Account Name
Account Number
Swift Code
Bank Officer

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The Provider’s Bank Coordinate for issuing the 500M MT760:

BANK NAME BNP PARIBAS S.A.

BANK ADDRESS 37-39 RUE DANJOU 75008 GUISHET N 02118 PARIS FRANCE
ACCOUNT NAME MOUNTAIN THUHAND AG
ACCOUNT NUMBER 1 0036 648402
SWIFT CODE BNPAFRPP
BANK OFFICER Anselmealfred@bnpparibas.com
BANK PHONE +33 15708 2200
Provider reserves the right to change banking coordinates

The Provider’s Bank Coordinate for receiving the payment of the agreed fees: 57% of Face
Value Account

Company Name HARPER LAW OFFICE, John Dean Harper

Bank Name WELLS FARGO BANK OF NEVADA
3800 HOWARD HUGHES PKWY SUITE
Bank Address
200, LAS VEGAS, NV 89109
Account Name NEVADA LAW FOUNDATION IOLTA DBA
Account Number 2172030297
IBAN/Routing 121-000-248
SWIFT WFBIUS6S
Bank Officer Catherine Floss
Email catherine.floss@wellsfargo.com
Bank Telephone Wiring (702 791-6208) Ms. Floss (702-868-4468)

Provider reserves the right to change banking coordinates

NO COMMUNICATION IS TO BE MADE TO EITHER BANKS BY ANY PARTY DIRECTLY OR INDIRECTLY. SUCH AN ACT WILL BE
CONSIDERED A CRIMINAL OFFENCE. ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS IN AN IMPROPER WAY TO
THE BANK (S) IN THIS TRANSACTION SHALL BE CAUSE FOR IMMEDIATE TERMINATION OF THIS AGREEMENT AND APPROPRIATE
ACTION FILED AGAINST THE OFFENDING PARTY.

NON-SOLICITATION

MONETIZER hereby confirms and declares that PROVIDER, its associates or representatives or any person or persons on
its behalf has/have never ever solicited Lessee, its shareholders or associates or representatives in any way whatsoever
that can be construed as a solicitation for this transaction or for future transactions.
FORCE MAJEURE

Any delay in or failure of performance by either party of their respective obligations under this agreement shall constitute
a breach hereunder and will give rise to claims for damages if, and to the extent that such delays or failures in performance
are not caused by events or circumstance beyond the control of such party.
The term Beyond the Control of Such Party Include Act of War, Rebellion, Fire, Flood, Earthquake or other natural
disasters. Any other cause not within the control of such party or which is by exercise of reasonable diligence, the party
will be unable to foresee or prevent or remedy.

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NON-CIRCUMVENTION, NON-DISCLOSURE

The undersigned Parties (including associates, agents, employees, affiliates, advisors, or any other representative of such
Party), do hereby accept and agree to the provisions of the International Chamber of Commerce (ICC) of Paris for
noncircumvention and non-disclosure.
• The Parties will not in any manner solicit, nor accept any business in any manner from sources or their affiliates,
which sources were made available through this Agreement, without the express permission of the Party who
made available the source.
• The Parties will maintain complete confidentiality regarding each other business sources and/or their Affiliates
and will disclose such business sources only to the named Parties pursuant to the express written permission of
this Party who made available the source.
• The Parties will not in any of the transactions they are desirous of entering into and do, to the best of their
abilities assure the other that the transaction codes established will not be affected.
• The Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any
contacts by either Party to third parties and that they each recognize such contacts as the exclusive property of
the respective Parties, and they will not enter into any direct negotiations or transactions with such contacts
revealed by the other Party.
• That the Parties further undertake not to enter into business transaction with banks, investors, sources of funds
or other bodies, the names of which have been provided by one of the Parties to this Agreement, unless written
permission has been obtained from the other Party to do so. For the sake of this Agreement, it does not matter
whether information obtained from a natural or a legal person. The Parties also undertake not to make use of a
third party to circumvent this clause.
• That in the event of circumvention of this Agreement by any Party, directly or indirectly, the circumvented Party
shall be entitled to a legal monetary penalty equal to the maximum service it should realize from such a
transaction plus any and all expenses, including but not limited to all legal costs and expenses incurred to recover
the lost revenue.
• All considerations, benefits, bonuses, participation fees and/or commissions received as a result of the
contributions of the parties in the Agreement, relating to any and all transactions will be allocated as mutually
agreed.
• The enforcement of this specific clause shall perpetuate for Five (5) years from last date of signing.

GOVERNING LAW AND ARBITRATION

This Agreement shall be governed and construed in accordance with the Laws of England and Wales. The Parties shall use
their reasonable endeavours to resolve any dispute arising under this Agreement by direct negotiations among them.
Should any dispute be not resolved within seven (7) days through direct negotiation the Parties agree that the London
High Court, which shall act as Court of Arbitration, is to have the exclusive jurisdiction to settle any disputes. The verdicts
of this court of arbitration shall be final and binding upon the disputing Parties.

In the event that either party shall be required to bring any legal actions against the other in order to enforce any of the
terms of this agreement the prevailing party shall be entitled to recover reasonably attorney fees and costs.

ENTIRE AGREEMENT BETWEEN THE PARTIES

This agreement contains the entire agreement and understanding concerning the subject matter hereof and supersedes
and replaces all prior negotiations and proposed agreements, written or oral. Neither of the parties may alter, amend, nor
modify this agreement, except by an instrument in writing signed by both parties.

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GENERAL PROVISIONS

1.This is a Full Recourse Commercial Commitment Document, enforceable under the laws of the countries in which
both the Lessee and the Lessor are located and such countries’ applicable laws shall govern the performance,
execution, interpretation, enforceability, validity of this Agreement and any other such matter in its regard.
2.There shall be no unauthorized communication to or between the Provider’s and Funder’s banks. Any violation of
this provision shall automatically void the transaction.
3.This transaction is for the Purchase of Bank Guarantees and is to be considered a private transaction. It shall not be
construed or interpreted as a securities transaction as defined by the United States Securities Act of 1933/34, as
amended, or as defined by the laws of any other nation or jurisdiction.
4.Both parties confirm that each is fully empowered, legally qualified and duly authorized to execute, to deliver this
document, and to be bound by its terms and conditions. Facsimile copies and signatures /electronically will be
considered to be as legally binding as originals.
5.Seller warrants that the instruments are available under the terms and conditions of this document. Facsimile
copies of this document shall be considered legally binding as though they were originals and copies signed at
various times and locales will be considered as one document, legally binding. Information contained herein,
including banking coordinates shall be kept strictly confidential and is not to be reproduced or used in any manner
whatsoever other than in connection with the execution of this transaction
6.All e-mail and facsimile copies of this document, when fully executed, are considered as original documents and are
legally binding and enforceable.
7.Banking co-ordinates shall be kept strictly confidential and are not to be used in any manner whatsoever other than
in connection with the proper conduct of this transaction.
8.The Transaction, security, Buyer’s and Seller’s codes in this transaction shall remain the same and shall not be
changed until this transaction and any and all rolls, extensions or additions have been completed.
9.All matters regarding collection, payment and delivery of documents not mentioned in this instrument will be
conducted in accordance with normal banking practices and procedures.

SIGNATURE PAGE TO FOLLOW

IN WITNESS WHEREOF

This MT760 AGREEMENT consists of 13 (THIRTEEN) pages which is a full non recourse commercial contract and by the
signatures hereon affixed, the signatory by doing so have approved, accepted and agreed to as set forth herein and
warrant that the same shall be binding and enforceable upon the signatory including their respective heir, successors
and/or assigns.

AGREED & ACCEPTED

SIGNED this SEPTEMBER 13, 2023

For and on behalf: THE RECEIVER:

Authorized Signatory
NAME : MRS. Dewi Laxmi Caroline H.

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TITLE : President Director
PASSPORT NUMBER : X1203840
NATIONALITY : Indonesia
ISSUING DATE : 21 May 2021
EXPIRY DATE : 21 May 2026

And

SIGNED this SEPTEMBER 13, 2023

For and on behalf: THE PROVIDER:

Authorized Signatory
Name : Ian Richards
Title : CFO
Passport No. : 554380782
Nationality : United Kingdom
Issued Date : 07/03/2018
Expiry Date : 08/03/2028
Country of Issue : United Kingdom

PROVIDER’S PASSPORT COPY

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PROVIDER’S COMPANY REGISTRATION

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RECEIVER’S PASSPORT COPY

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 RECEIVER’S COMPANY REGISTRATION SBLC MT760 VERBIAGE

MT760 VIA SWIFT

SWIFT ROUTE:
FROM:
TO: DBSSSGSG
SENDER’S DETAILS
ISSUING BANK: BNP PARIBAS
SWIFT CODE: BNPAFRPP
SBLC NR: TBA
CURRENCY CODE: EURO
AMOUNT: 500,000,000.00
DATE OF ISSUE: TBA
DATE OF EXPIRY: TBA
APPLICANT: XXXXXXXXXXXX
ACCOUNT NR: XXXXXXXXXXXX XXX

RECEIVER’S DETAILS
BANK NAME: DBS BANK LTD. SINGAPORE (HEAD OFFICE)
ADDRESS: 12 MARINA BOULEVARD LEVEL3, MARINA BAY
FINANCIAL CENTRE TOWER 3, SINGAPORE 018982
ACCOUNT NAME: ONG SWIE TJI / P.T. MAHAKARYA KAYU INDONESIA
ACCOUNT NUMBER: 065-016129-0

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SWIFT CODE: DBSSSGSG
BANK CODE: ATTENTION: S.T.V
DATE OF ISSUANCE: TBA
VALIDITY: 365 DAYS + 1 AFTER ISSUANCE
FOR BENEFIT OF: P.T. MAHAKARYA KAYU INDONESIA
TRANSACTION CODE: GGTUS-DBS500MBNPSBLC1292023

WE, THE UNDERSIGNED DULY AUTHORIZED OFFICERS OF BANK XXXXXXX, LOCATED AT XXXXXXXX ON BEHALF OF
OUR VALUED CLIENT XXXXXXXXX (HEREINAFTER REFERRED TO AS THE APPLICANT), WITH FULL BANKING
RESPONSIBILITY AND LIABILITY, HEREBY ISSUE AN IRREVOCABLE AND UNCONDITIONAL STANBY LETTER OF CREDIT
(SBLC) NO: …………, FOR A FACE VALUE OF EURO 500,000,000.00 (FIVE HUNDRED MILLION EURO) IN FAVOR AND
ACCOUNT OF YOUR CLIENT ONG SWIE TJI / P.T. MAHAKARYA KAYU INDONESIA WITH ACCOUNT NUMBER 065-
016129-0 FOR FULL BENEFIT OF P.T. MAHAKARYA KAYU INDONESIA.
WE HEREBY IRREVOCABLY AND UNCONDITIONALLY WITHOUT PROTEST OR NOTIFICATION PROMISE TO PAY AGAINST
THIS STANDBY LETTER OF CREDIT NUMBER XXXX AT MATURITY DATE . SUCH PAYMENT SHALL BE MADE WITHOUT
SETOFF AND FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES OR WITHHOLDINGS OF ANY NATURE, NOW OR
HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OR ANY POLITICAL
SUBDIVISION OF AUTHORITY THEREOF OR THEREIN.
WE HEREBY CONFIRM THAT THIS STANDBY LETTER OF CREDIT NO. …….IS FULLY CASH BACKED WITH FUNDS ON
DEPOSIT ARE GOOD, CLEAN, CLEARED OF NON-CRIMINAL ORIGIN, FREE OF ANY LIENS OR ENCUMBRANCES AND
LEGALLY EARNED BY THE APPLICANT.
WE FURTHER CONFIRM THAT THIS STANDBY LETTER OF CREDIT IS UNCONDITIONAL, TRANSFERABLE, ASSIGNABLE,
NEGOTIABLE, DIVISIBLE AND CONFIRMED WITHOUT PRESENTATION TO US AND PAYMENT OF ANY FEES..

THIS STANDBY LETTER OF CREDIT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE UNIFORM
CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, LATEST REVISION, INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION NO 600 (THE “UCP”)
THIS IS A FULLY OPERATIVE INSTRUMENT ISSUED IN COMPLIANCE WITH PROPER PROCEDURES IN ACCORDANCE
WITH BANKING LAWS AND REGULATIONS AND NO MAIL CONFIRMATION SHALL FOLLOW.
FOR AND ON BEHALF OF BANK …..……………………………………..
AUTHORISED BANKER {1} AUTHORISED BANKER {2}
PIN PIN
(ELECTRONIC DOCUMENT TRANSMISSIONS)

EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this
Contract.
As applicable, this agreement shall be:-

Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in Global & National Commerce
Act’’ or such other applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001)

ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations
Centre for Trade Facilitation and Electronic Business (UN/CEFACT). EDT documents shall be subject to European
Community Directive No. 95/46/EEC, as applicable. Either Party may request hard copy of any document that has been
previously transmitted by electronic means provided however, that any such request shall in no manner delay the parties
from performing their respective obligations and duties under EDT instruments.

###END OF DOCUMENT###

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