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<SEC-DOCUMENT>0001145549-09-000769.txt : 20090511
<SEC-HEADER>0001145549-09-000769.hdr.sgml : 20090511
<ACCEPTANCE-DATETIME>20090511061507
ACCESSION NUMBER:		0001145549-09-000769
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20090511
DATE AS OF CHANGE:		20090511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
		CENTRAL INDEX KEY:			0001001807
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14406
		FILM NUMBER:		09812589
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F
<SEQUENCE>1
<FILENAME>u00157e20vf.htm
<DESCRIPTION>PT TELEKOMUNIKASI INDONESIA TBK
<TEXT>
<HTML>
<HEAD>
<TITLE>PT TELEKOMUNIKASI INDONESIA TBK</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>Form&nbsp;20-F</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="97%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><FONT face="Wingdings">&#111;</FONT></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><B>REGISTRATION STATEMENT
PURSUANT TO SECTION 12(b) OR (g)&nbsp;OF THE<BR>SECURITIES EXCHANGE ACT OF 1934</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap><B>OR</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><FONT face="Wingdings">&#254;</FONT></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><B>ANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES<BR>EXCHANGE ACT OF 1934</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><B>For the fiscal year ended December&nbsp;31, 2008</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><FONT face="Wingdings">&#111;</FONT></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><B>TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES<BR>EXCHANGE ACT OF 1934</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap><B>OR</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><FONT face="Wingdings">&#111;</FONT></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><B>SHELL COMPANY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES<BR>EXCHANGE ACT OF 1934</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Date of event requiring this shell company report</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Commission file number 1-14406</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Perusahaan Perseroan (Persero)<BR>
Telekomunikasi Indonesia Tbk.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Telecommunications Indonesia</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>(a state-owned public limited liability company)</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Translation of Registrant&#146;s name into English)</DIV>


<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Republic of Indonesia<BR>
(State or other jurisdiction of incorporation or organization)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Jalan Japati, 1<BR>
Bandung 40133<BR>
Indonesia<BR>
(62) (22)&nbsp;452-1510<BR>
(62) (21)&nbsp;521-5109*</B><BR>
(Address of Registrant&#146;s principal executive offices)</DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Name of each exchange</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>Each class</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"><B>on which registered</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">American Depositary Shares representing Series&nbsp;B Shares, par value 250 Rupiah per share
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New York Stock Exchange</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">Series&nbsp;B Shares, par value 250 Rupiah per share
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>New York Stock Exchange**</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities registered or to be registered pursuant to Section 12(g) of the Act. None
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. None
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate the number of outstanding shares of each of the issuer&#146;s classes of capital or common
stock as of the close of the period covered by the annual report:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6px">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Series&nbsp;A Dwiwarna Share, par value 250 Rupiah per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 6px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Series&nbsp;B Shares, par value 250 Rupiah per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,669,424,779</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule
405 of the Securities Act. Yes&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this report is an annual or transition report, indicate by check mark if the registrant is
not required to file reports pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of
1934.
Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed
by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12&nbsp;months (or
for such shorter period that the Registrant was required to file such reports) and (2)&nbsp;has been
subject to such filing requirements for the past 90&nbsp;days.
Yes&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule&nbsp;405 of Regulation&nbsp;S-T during the preceding 12&nbsp;months (or
for such shorter period that the registrant was required to submit
and post such files). Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerate filer, an accelerated
filer, or a non-accelerated filer. See definition of &#147;accelerated filer and large accelerated
filer&#148; in Rule&nbsp;12b-2 of the Exchange Act. (Check one):
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6px">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Large
accelerated filer&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Non-accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark which financial statement item the Registrant has elected to follow.
Item&nbsp;17&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this is an annual report, indicate by check mark whether the registrant is a shell company
(as defined in Rule&nbsp;12b-2 of the Exchange Act).
Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Investor Relations Unit, Graha Citra Caraka, JI. Gatot Subroto, No.&nbsp;52, 5th Floor, Jakarta
12570.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">**</TD>
    <TD>&nbsp;</TD>
    <TD>The Series&nbsp;B Shares were registered in connection with the registration of the American
Depositary Shares. The Series&nbsp;B Shares are not listed for trading on the New York Stock
Exchange.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>TABLE OF CONTENTS</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" align="left"><A href="#101">PART I</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#102">ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#103">ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#104">ITEM 3. KEY INFORMATION</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#105">ITEM 4. INFORMATION ON THE COMPANY</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#131">ITEM 4A. UNRESOLVED STAFF COMMENTS</A></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#106">ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#107">ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#108">ITEM 7. MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#109">ITEM 8. FINANCIAL INFORMATION</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#110">ITEM 9. THE OFFER AND LISTING</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#111">ITEM 10. ADDITIONAL INFORMATION</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#112">ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#113">ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</A></TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left"><A href="#114">PART II</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#115">ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#116">ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#117">ITEM 15. CONTROLS AND PROCEDURES</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#118">ITEM 16. RESERVED</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#119">ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#120">ITEM 16B. CODE OF ETHICS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#121">ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#122">ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#123">ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#129">ITEM 16F. CHANGE IN REGISTRANT&#146;S CERTIFYING ACCOUNTANT</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#130">ITEM 16G. CORPORATE GOVERNANCE</A></TD>
</TR>







<TR valign="bottom">
    <TD colspan="3" align="left"><A href="#124">PART III</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#125">ITEM 17. FINANCIAL STATEMENTS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#126">ITEM 18. FINANCIAL STATEMENTS</A></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#127">ITEM 19. EXHIBITS</A></TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" align="left"><A href="#128">SIGNATURES</A></TD>
</TR>
<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv1w1.htm">EX-1.1 Amended Articles of Association of TELKOM dated July 15, 2008.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv4w1.htm">EX-4.1 Shares Sale and Purchase Agreement between Trozenin Management Plc (Malaysia), PT Sigma Citra Harmoni and PT Multimedia Nusantara dated as of December 18, 2007.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv4w2.htm">EX-4.2 Amendment to Shares Sale and Purchase Agreement between Trozenin Management Plc (Malaysia), PT Sigma Citra Harmoni and PT Multimedia Nusantara dated as of February 21, 2008.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv4w3.htm">EX-4.3 Supply Contract for the Procurement and Installation of the Batam Singapore Cable System between TELKOM and NEC Corporation dated as of March 3, 2008.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv4w4.htm">EX-4.4 Procurement and Installation of JaKa2LaDeMa Capacity Ring between TELKOM and NSW-Fujitsu Consortium dated as of December 30, 2008.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv12w1.htm">EX-12.1 Certification Pursuant to Section 302, The Sarbanes-Oxley Act of 2002.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv12w2.htm">EX-12.2 Certification Pursuant to Section 302, The Sarbanes-Oxley Act of 2002.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv13w1.htm">EX-13.1 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to SEction 906 of the Sarbanes-Oxley Act of 2002.</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="u00157exv13w2.htm">EX-13.2 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</A></FONT></TD></TR>
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>This annual report on Form 20-F incorporates by reference certain information contained in the
Annual Report of PT&nbsp;Telekomunikasi Indonesia Tbk. (the &#147;Company&#148; or &#147;TELKOM&#148;) for the financial year ended December&nbsp;31, 2008, dated May 11, 2009 (&#147;2008 Annual
Report&#148;) furnished on Form 6-K dated May 11, 2009 (&#147;Report on Form 6-K&#148;). The information that is
incorporated herein by reference is set forth below. Information from the 2008 Annual Report
furnished in the Report on Form 6-K not referenced below is not incorporated by reference herein.</B>
</DIV>

<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>

<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3. KEY INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Selected Financial Data</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information set forth under the headings &#147;Financial Highlights&#148; on pages 2 &#151; 7 and
&#147;Exchange Controls&#148; on pages 113 &#151; 114 in the 2008 Annual Report furnished in the Report on
Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Capitalization and Indebtedness</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Reason for the Offer and Use of Proceeds</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. Risk Factors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the headings &#147;Risk Factors&#148; on pages 47 &#151; 54 in the 2008
Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4. INFORMATION ON THE COMPANY</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. History and Development of the Company</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;History of the Company&#148; on pages 167 &#151; 168 in
the 2008 Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Business Overview</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the headings &#147;Operational Overview&#148; on pages 58 &#151; 75 and
&#147;Telecommunications Industry Overview&#148; under the heading &#147;Building Excellence: TELKOM&#146;s 2008
Overview&#148; on pages 35 &#151; 46 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Organizational Structure</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Business and Organizational Structure&#151;Information on
Subsidiaries and Associated Companies&#148; on pages
169 &#151; 171 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated herein by
reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. Property, Plant and Equipment</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Business and Organizational Structure&#151;Property,
Plant and Equipment&#148; on page 182 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>

<DIV align="left">
<A name="131"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4A. UNRESOLVED STAFF COMMENTS</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Operating Results</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Management&#146;s Discussion and Analysis&#151;Operating Results Overview&#148; (along with the preceding paragraph) on pages 76 &#151; 95 in the 2008
Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Liquidity and Capital Resources</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Management&#146;s Discussion and Analysis&#151;Liquidity and Capital Resources&#148; on pages 95 &#151; 105 in the 2008 Annual Report contained in the
Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Research and Development, Patents and Licenses, etc.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Management&#146;s Discussion and Analysis&#151;Research
and Development and Intellectual Property&#148; on page 105 in the 2008 Annual Report contained in the
Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. Trend Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Management&#146;s Discussion and Analysis&#151;Trend
Information&#148; on page 105 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>E. Off-Balance Sheet Arrangements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Management&#146;s Discussion and Analysis&#151;Off
Balance Sheet Arrangements&#148; on page 105 and Note&nbsp;50 to the Consolidated Financial Statements in the 2008 Annual Report contained in the Report on Form
6-K is incorporated herein by reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>F. Tabular Disclosure of Contractual Obligations</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Management&#146;s Discussion and Analysis&#151;Tabular
Disclosure of Contractual Obligations&#148; on pages 105 &#151; 106 in the 2008 Annual Report contained in
the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Directors and Senior Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the headings &#147;Compliance&#151;Structure of GCG&#148; on pages 122 &#151;
136; &#147;Corporate Data&#151;Profile of the BoC&#148; on pages 171 &#151; 172; and &#147;&#151;Profile of the BoD&#148; on pages
173 &#151; 174 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated herein by
reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Compensation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the headings &#147;Compliance&#151;Structure of GCG&#151;I. Compensation&#148;
on pages 134 &#151; 136 and &#147;Our People: Telkom&#146;s Excellent Resources&#151;Competitive Remuneration&#148; on
pages 156 &#151; 157 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated
herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Board Practices</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Compliance&#151;Structure of GCG&#151;G. Board Practices&#148;
on pages 132 &#151; 133; &#147;Corporate Data&#151;Profile of the BoC&#148; on pages 171 &#151; 172; &#147;Corporate Data&#151;Profile of the BoD&#148; on pages&nbsp;173 &#151; 174; &#147;Report of
Audit Committee&#148; on pages&nbsp;142 &#151; 145; &#147;Report of the Nomination and Remuneration Committee&#148; on pages 146 &#151; 147; and &#147;Report of the Committee on
Planning and Risk Assessment&#148; on pages 148 &#151; 150 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated
herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. Employees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information set forth under the heading &#147;Human Resources
Profile&#148; on pages 151 &#151; 152; &#147;Employee Relations
Management&#148; on page 156; and
&#147;Additional Financial Information&#151;Material Litigation&#151;Employee Matters&#148; on page 107 in the 2008 Annual Report
contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>E. Share Ownership</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Compliance&#151;Structure of GCG&#151;J. Share Ownership&#148; on page 136 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7. MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Major Shareholders</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information set forth under the headings &#147;Composition of Share
Ownership&#148; and &#147;Relationship with the Government and
Governmental Agencies&#148; on pages 14 &#151; 17
in the 2008 Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Related Party Transactions</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the headings &#147;Related Party Transactions&#148; on page 17; and Note&nbsp;45 to the Consolidated Financial Statements in the
2008 Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Interest of Experts and Counsel</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 8. FINANCIAL INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Consolidated statements and other financial information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Consolidated Financial Statements&#148; on pages F-1
and F-3 &#151; F-161 and &#147;Additional Financial Information&#151;Material Litigation&#148; on pages 107&#151;108 in the
2008
Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Significant changes</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under Note 53 to the Consolidated Financial Statements in the 2008 Annual Report contained in the Report on Form 6-K is incorporated herein
by reference.
</DIV>
<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9. THE OFFER AND LISTING</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Offer and listing details</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information set forth under the headings &#147;Common Stock Highlights&#151;Share Price Information&#148;
and &#147;&#151;ADS Price Information&#148; on pages 10 &#151; 12 in the 2008 Annual Report contained in the Report
on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Plan of distribution</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Markets</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Common Stock Highlights&#151;Markets&#148; on pages 12 &#151; 14 in the 2008 Annual
Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. Selling Stockholders</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>E. Dilution</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>F. Expenses of the issue</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 10. ADDITIONAL INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Share capital</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>B. Memorandum and Articles of Association</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Additional Financial Information&#151;Memorandum and
Articles of Association&#148; on pages 108 &#151; 112 in the 2008 Annual Report contained in the Report on
Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>C. Material Contracts</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Additional Financial Information&#151;Material
Contracts&#148; on page 112 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>D. Exchange Controls</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Additional Financial Information&#151;Exchange
Controls&#148; on pages 113 &#151; 114 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated
herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>E. Taxation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Additional Financial Information&#151;Taxation&#148; on
pages 114 &#151; 117 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated
herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>F. Dividends and Paying Agents</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>G. Statement by Experts</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>H. Documents on Display</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Additional Financial Information&#151;Documents on
Display&#148; on page 117 in the 2008 Annual Report contained in the Report on Form 6-K is incorporated
herein by reference.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>I. Subsidiary Information</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>A. Disclosure About Market Risk</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Quantitative and Qualitative Disclosure About
Market Risk&#148; on pages 54 &#151; 57 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="113"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="114"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>

<DIV align="left">
<A name="115"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no defaults, dividend arrearages and delinquencies to which this Item applies. But
see the information set forth under Notes 22-23 to the Consolidated Financial Statements in the 2008 Annual Report
for information on covenant defaults for which waivers have been obtained.
</DIV>
<DIV align="left">
<A name="116"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="117"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 15. CONTROLS AND PROCEDURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Controls and Procedures&#148; on page 118 in the 2008
Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="118"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16. RESERVED</B>
</DIV>

<DIV align="left">
<A name="119"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Audit Committee Financial Expert&#148; on page 119 in
the 2008 Annual Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="120"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16B. CODE OF ETHICS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Code of Ethics&#148; on page 119 in the 2008 Annual
Report contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="121"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information set forth under the heading
&#147;Compliance&#151;Information on Corporate Disclosure&#148; on
pages 138 &#151; 139 ; and &#147;Principal Accountant Fees and Services&#148; on page 119 in the 2008 Annual Report
contained in the Report on Form 6-K is incorporated herein by reference.
</DIV>

<DIV align="left">
<A name="122"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Exemptions from the Listing Standards for Audit
Committees&#148; on pages 119 &#151; 120 in the 2008 Annual Report contained in the Report on Form 6-K is
incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="123"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth under the heading &#147;Purchases of Equity Securities by the Issuer and
Affiliated Purchasers&#148; on pages 17 &#151; 18 in the 2008 Annual Report contained in the Report on Form
6-K is incorporated herein by reference.
</DIV>

<DIV align="left">
<A name="129"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM
16F. CHANGE IN REGISTRANT&#146;S CERTIFYING ACCOUNTANT</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</DIV>

<DIV align="left">
<A name="130"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM
16G. CORPORATE GOVERNANCE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information set forth under the heading &#147;Summary of Significant
Differences Between Indonesian Corporate Governance Practices and the
NYSE&#146;s Corporate Governance Standards&#148; on pages 110 &#151;
112 in the 2008 Annual Report contained in the Report on
Form&nbsp;6-K is incorporated herein by reference.</DIV>

<DIV align="left">
<A name="124"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART III</B>
</DIV>

<DIV align="left">
<A name="125"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 17. FINANCIAL STATEMENTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<DIV align="left">
<A name="126"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 18. FINANCIAL STATEMENTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial information is set forth under the heading &#147;Consolidated Financial Statements&#148;
on pages F-1 and F-3 &#151; F-161 in the 2008 Annual Report contained
in the Report on Form 6-K is incorporated
herein by reference. The audit opinion appearing on page F-2 has been
prepared solely for Indonesian financial reporting purposes and is
not incorporated herein by reference.
</DIV>
<DIV align="left">
<A name="127"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 19. EXHIBITS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed as part of this annual report:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.1&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Memorandum and Articles of Association of TELKOM, as amended on July&nbsp;15, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.1&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares Sale and Purchase Agreement between Trozenin Management Plc (Malaysia), PT Sigma Citra
Harmoni and PT Multimedia Nusantara dated as of December&nbsp;18, 2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.2&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amendment to Shares Sale and Purchase Agreement between Trozenin Management Plc (Malaysia),
PT Sigma Citra Harmoni and PT Multimedia Nusantara dated as of February&nbsp;21, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.3&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Supply Contract for the Procurement and Installation of the Batam Singapore Cable System
between TELKOM and NEC Corporation dated as of March&nbsp;3, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.4&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Procurement and Installation of the JaKa2LaDeMa Capacity Ring
between TELKOM and NSW-Fujitsu
Consortium dated as of December&nbsp;30, 2008.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.1&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>List of Subsidiaries of TELKOM (incorporated herein by reference to TELKOM&#146;s
Annual Report on Form 20-F filed on June 23, 2006).</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.1&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certification of the Chief Executive
Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.2&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certification of the Chief Financial Officer
pursuant to Rule 13a-14(a) of the Securities Exchange act of 1934.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.1&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certification of the Chief Executive Officer pursuant to Rule 13a-14(b) of the
Securities Exchange Act of 1934 and 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.2&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certification of the Chief Financial Officer pursuant to
Rule 13a-14(b) of the Securities Exchange Act of 1934 and
 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002.</TD>
</TR>


</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="128"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F
and that it has duly caused and authorized the undersigned to sign this annual report on its
behalf.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">PERUSAHAAN PERSEROAN (PERSERO)&nbsp;P.T.<BR>
TELEKOMUNIKASI INDONESIA Tbk.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Rinaldi Firmansyah
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Rinaldi Firmansyah &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: May&nbsp;11, 2009
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>u00157exv1w1.htm
<DESCRIPTION>EX-1.1 AMENDED ARTICLES OF ASSOCIATION OF TELKOM DATED JULY 15, 2008.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-1.1 Amended Articles</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;1.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>STATEMENT OF RESOLUTIONS OF ANNUAL GENERAL MEETING OF<BR>
SHAREHOLDERS<BR>
&#147;PERUSAHAAN PERSEROAN (PERSERO)&nbsp;PT TELEKOMUNIKASI<BR>
INDONESIA Tbk&#148;</B><BR>
Number : 27.-
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On this day, Tuesday, dated the fifteenth day of July two thousand and eight (15-7-2008), at
thirty-five minutes past fourteen hours (14:35) Western Indonesia Standard Time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Appears before me, <B>Doktor AMRUL PARTOMUAN POHAN</B>, Sarjana Hukum, Lex Legibus Magister, Notary in
Jakarta, in the presence of witnesses known to me, Notary, and who will be mentioned at the end of
this deed :</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Mr.&nbsp;PRASETIO</B>, born in Surabaya, on the twenty-third day of November
one thousand nine hundred and sixty (23-11-1960), Indonesian National,
Director of Compliance and Risk Management of &#147;PERUSAHAAN PERSEROAN
(PERSERO)&nbsp;PT TELEKOMUNIKASI INDONESIA Tbk&#148;, residing in Jakarta, at
Tebet Dalam IV-E number: 27, Kelurahan Tebet Barat, Kecamatan Tebet,
South Jakarta, holder of Resident Identity Card (KTP)&nbsp;number:
09.5301.231160.0287;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>according to his statement in this matter acting in his
aforementioned capacity representing the Board</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of Directors of and as such acting for and on behalf of and lawfully representing limited
liability company &#147;PERUSAHAAN PERSEROAN (PERSERO)&nbsp;PT TELEKOMUNIKASI INDONESIA Tbk&#148; that
will be mentioned.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The appearer is known to me, Notary</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The appearer acting as aforementioned first states as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That on Friday, dated the twentieth day of June two thousand and eight
(20-6-2008), at Pangeran Kuningan Hall, Graha Citra Caraka Floor 1, Jalan Gatot
Subroto Kaveling 52, South Jakarta, an Annual General Meeting of Shareholders
(hereinafter shall be referred to as the <B>&#147;Meeting&#148;</B>) of limited liability
company <B>&#147;PERUSAHAAN PERSEROAN (PERSERO)&nbsp;PT TELEKOMUNIKASI INDONESIA Tbk&#148;</B>,
domiciled in Bandung Municipality, addressed at Jalan Japati number: 1, Bandung
&#151; 40133 was held, the Articles of Association of which have been amended and
entirely recompiled as published in:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>State Gazette of the Republic of Indonesia dated the
twenty-seventh day of June two thousand and six
(27-6-2006) number: 51, Supplement Number:</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>666/2006;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>State Gazette of the Republic of Indonesia dated the
fifteenth day of April two thousand and eight
(15-4-2008) number: 31, Supplement Number: 284/2008;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas the last change of composition of members of Board of Directors and Board of
Commissioners of the limited liability company is contained in deed of mine, Notary, dated
the seventh day of September two thousand and seven (7-9-2007) number: 8;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(hereinafter <B>&#147;PERUSAHAAN PERSEROAN (PERSERO)&nbsp;PT TELEKOMUNIKASI INDONESIA Tbk&#148; </B>shall be sufficiently
referred to as the <B>&#147;Company&#148;</B>);
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That in the Meeting, holder of one (1) &#145;A&#146; Dwiwarna Share and holder of &#145;B&#146; shares jointly
representing fifteen billion one hundred and sixty-seven million four hundred and eighty-five
thousand five hundred and ninety-six <B>(15,167,485,596) </B>shares or constituting seventy-six point
seven nine eight percent <B>(76.798%) </B>of total shares having voting rights issued by the Company
including holder of &#145;A&#146; Dwiwarna Share up to the day of Meeting (excluding the treasury stock),
namely nineteen billion seven hundred and forty-nine million nine hundred and</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>forty-eight thousand two hundred and eighty <B>(19,749,948,280) </B>shares were present or represented, as
such in consideration of Register of Shareholders of the Company as of the fourth day of June two
thousand and eight (4-6-2008) up to sixteen hundred hours Western Indonesia Standard Time (16:00
WIB); therefore, the Meeting shall be entitled to pass valid and binding resolutions on any matters
discussed at the Meeting;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that this Meeting has been held with the agenda among others &#147;Approval for Change of the Company&#146;s
Articles of Association&#148;;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that the foregoing matters are contained in deed of &#147;Minutes of Annual General Meeting of
Shareholders of PERUSAHAAN PERSEROAN (PERSERO)&nbsp;PT TELEKOMUNIKASI INDONESIA Tbk, the minute of which
deed was drawn up by me, Notary dated the twentieth day of June two thousand and eight (20-6-2008)
number: 41 (hereinafter shall be sufficiently referred to as <B>&#147;Meeting Minutes&#148;</B>)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Now, the appearer acting as such states that he hereby restates a part of the resolutions passed
in the Meeting, namely the following sixth items of the Meeting agenda as contained in Meeting
Minutes:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#147;The Meeting with absolute majority votes, namely eighty-
one point seven one one percent (81.711%) of the entire</B>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>votes lawfully cast in the Meeting, (provided, however, that the entire shareholders having one
billion six hundred and thirty-nine million five hundred and sixteen thousand one hundred and
ninety-one (1,639,516,191) shares cast blank votes), has resolved to approve the amendment to the
Company&#146;s entire Articles of Association in order to be adjusted to Law number 40 of two thousand
and seven (2007)&nbsp;on Limited Liability Companies, Law number: 19 of two thousand and three (2003)&nbsp;on
State-Owned Enterprises and Regulation of Capital Market and Financial Institution Supervisory
Agency number: IX.J.1 on Main Subject of Articles of Association of Companies Performing Public
Offering of Equity Securities and Public Companies, as well as in order to add the Company&#146;s
purpose and objective relevant with article 3 of the Company&#146; Articles of Association, the main
subject of the amendment of Articles of Association of which was explained and shown in the
Meeting.&#148;</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Therefore the Company&#146;s Articles of Association, shall hereinafter be written and read as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NAME AND DOMICILE</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This limited liability company shall bear the name</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of &#147;PERUSAHAAN PERSEROAN (PERSERO)&nbsp;PT TELEKOMUNIKASI INDONESIA TBK&#148; or abbreviated to <B>&#147;PT
TELKOM INDONESIA TBK (PERSERO)&#148;, </B>hereinafter shall be sufficiently referred to as the
&#147;<B>Company</B>&#148;, domiciled in Bandung Municipality.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company may open branches or representatives in other places, in and outside the
territory of the Republic of Indonesia as determined by the Board of Directors.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DURATION OF THE COMPANY</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;2</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Company was established as of the twenty-fourth day of September one thousand nine hundred
and ninety-one (24-09-1991) and obtained a legal entity status on the nineteenth day of November
one thousand nine hundred and ninety-one (19-11-1991) under Decree of Minister of Justice Number:
C2-6870. HT.01.01.th.91 as well as shall be established for an indefinite period of time.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PURPOSE, OBJECTIVE AND BUSINESS ACTIVITY</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;3</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The purpose and objective of this Company shall be</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to provide networks and telecommunication and informatics services, as well as to optimize
the Company&#146;s resources, one and another with due observance of the laws and regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To attain the aforementioned purpose and objective, the Company may perform the following
activities:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to plan, build, provide, develop, operate, market/sell/lease and maintain
telecommunication and informatics network in the widest sense with due observance of
the provisions of the laws and regulations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to plan, develop, provide, market/sell and enhance telecommunication and
informatics services in the widest sense with due observance of the provisions of the
laws and regulations;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to provide payment transaction and fund transfer services by
telecommunication and informatics network;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to perform any other activities and businesses in the framework of optimizing
the resources owned by the Company, among others utilization of fixed assets and
movable assets, information</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>system facility, education and training facilities, repair and maintenance
facilities.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CAPITAL</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;4</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s authorized capital amounts to twenty trillion Rupiah (Rp.20,000,000,000,000.-),
divided into eighty billion (80,000,000,000) shares consisting of one (1) &#145;A&#146; <I>Dwiwarna </I>share
and seventy-nine billion nine hundred and ninety-nine million nine hundred and ninety-nine
thousand nine hundred and ninety-nine (79,999,999,999) &#145;B&#146; shares, each share having the par
value of two hundred and fifty Rupiah (Rp.250.-).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Of the aforementioned authorized capital, twenty billion one hundred and fifty-nine million
nine hundred and ninety-nine thousand two hundred and eighty (20,159,999,280) shares
comprising one (1) &#145;A&#146; <I>Dwiwarna </I>share and twenty billion one hundred and fifty-nine million
nine hundred and ninety-nine thousand two hundred and seventy-nine (20,159,999,279) &#145;B&#146; shares
having the aggregate par value of five trillion thirty-nine billion nine</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>hundred and ninety-nine million eight hundred and twenty thousand Rupiah
(Rp.5,039,999,820,000.-) that have been fully paid-up in cash have been subscribed as
evident from a deed of mine, Notary, dated the sixth day of April two thousand and six
(6-4-2006) number 4, which has been approved by the Minister of Law and Human Rights of the
Republic of Indonesia dated the twenty-eighth day of April two thousand and six (28-4-2006)
Number: C-12265 HT.01.04.TH.2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shares that are still in portfolio will be issued based on the Company&#146;s requirement on the
terms, amount and price determined by the Board of Directors based on the approval of a
General Meeting of Shareholders provided, however, that before being approved by a General
Meeting of Shareholders, the Board of Directors shall have obtained the written
recommendation of the Board of Commissioners and the price of shares is not below par, and
with due observance of the provisions of the Articles of Association and the laws and
regulations in Capital Market in Indonesia.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If shares that are still in portfolio will be issued by rights issue to the shareholders, all
shareholders whose names have been recorded in the Register of Shareholders on the date
specified by or based on a resolution of a General Meeting of Shareholders with due observance
of the laws and regulations in Capital Market in Indonesia shall have the pre-emptive right to
buy the shares to be issued (hereinafter the rights shall also be referred to as <B>&#147;Rights&#148; </B>or
<B>&#147;HMETD&#148;</B>) and each shareholder shall receive HMETD in proportion to the number of shares
recorded in his name in the Register of Shareholders referred to above by cash deposit within
the period specified by or based on a resolution of a General Meeting of Shareholders that
approves the issue of new shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>HMETD may be sold and transferred to any other parties with due observance of the provisions
of the Articles of Association and the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issue of shares by rights issue shall be first approved by a General Meeting of
Shareholders at the time and in the manner and at the price and on</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the terms specified by the Board of Directors based on a resolution of a General Meeting of
Shareholders, one another with due observance of the provisions of the Articles of
Association and the laws and regulations in Capital Market in Indonesia, provided that it
is not at the price below par.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Regarding the decision of the issue of shares by Rights Issue, the Board of Directors shall
announce it in at least two (2)&nbsp;daily newspapers in the Indonesian language having wide
circulation in the territory of the Republic of Indonesia and another one (1)&nbsp;in the English
language, as specified by the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If within the period designated by or based on a resolution of a General Meeting of
Shareholders the Company&#146;s shareholders or HMETD holders do not exercise the right to buy the
shares offered to them by paying-off in cash, the Board of Directors shall be free to issue
the shares to any shareholders or HMETD holders intending to buy the shares in a number
greater than their exercised HMETD portion, provided that if the number of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shares to be subscribed in excess of the number of their HMETD portion exceeds the number
of remaining shares, the number of remaining shares shall be allocated between the
shareholders or HMETD holders intending to buy more shares, respectively in proportion to
the number of exercised HMETD, as such with due observance of the laws and regulations in
Capital Market in Indonesia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If after the allocation there are shares remaining unsubscribed, the remaining shares shall
be issued by the Board of Directors to any party who has stated his readiness to buy the
remaining shares at the price not lower than and subject to the terms specified by a General
Meeting of Shareholders approving the issue of shares, one another with due observance of the
provisions of the Articles of Association and the laws and regulations in Capital Market in
Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provisions in paragraphs 4 to 9 of this Article shall also apply mutatis mutandis in case
the Company issues convertible bonds and/or warrants and/or any other securities of similar
type, one another with due observance of the provisions of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Articles of Association and the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With respect to the issue of shares that are still in portfolio to the holders of convertible
bonds, warrants and/or any other securities of similar type, the Company&#146;s Board of Directors
shall have the authority to issue the shares without giving any pre-emptive right to the then
existing shareholders to buy the intended shares, one another with due observance of the
provisions contained in the Articles of Association and the laws and regulations in Capital
Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall also be authorized to issue shares that are still in portfolio,
convertible bonds, warrants and/or any other convertible securities, without giving HMETD to
the existing shareholders, including by private placement or public offering provided,
however, that the issue of shares, convertible bonds, warrants and/or any other convertible
securities shall be subject to a prior approval of a General Meeting of Shareholders with due
observance of the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>laws and regulations in Capital Market in Indonesia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provisions contained in paragraphs 4 to 12 of this Article shall mutatis mutandis also
apply if there is an increase of the authorized capital to be followed by further shares
placement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any resolution of a General Meeting of Shareholders referred to in paragraphs 4 to 12 of this
Article shall be attended and approved by the holder of &#145;A&#146; <I>Dwiwarna </I>share.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SHARES</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;5</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s entire shares are registered shares and issued in the name of their owners who
are recorded in the Register of Shareholders consisting of &#145;A&#146; <I>Dwiwarna </I>share, which is
exclusively held by the Republic of Indonesia and &#145;B&#146; shares, which may be held by the public.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#145;A&#146; <I>Dwiwarna </I>share has the exclusive right:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To propose any nomination that binds and approves the appointment of members
of the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Board of Directors or members of the Board of Commissioners;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To approve any amendment to Articles of Association, including any increase
or reduction of subscribed and paid-up capital;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To approve any merger, consolidation, acquisition and separation;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To approve any dissolution and liquidation;
which implementation shall be conducted based on the provisions of the Articles of
Association.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall only recognize one person or one legal entity as the owner of one share,
namely the person or legal entity whose name is recorded as a shareholder in the Register of
Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall provide the evidence of shares ownership in the form of a share certificate
or collective certificate in the name of the owner who is recorded in the Company&#146;s Register
of Shareholders, if the Company&#146;s shares are not entered in the Collective Custody in the
Depository and Settlement Institution with the form and content designated by the Board of
Directors with</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>due observance of the laws and regulations in capital market.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For any shares included in the Collective Custody in the Depository and Settlement
Institution or in the Custodian Bank (particularly in the framework of Collective Investment
Contract), the Company shall issue a certificate or written confirmation to the Depository and
Settlement Institution or in the Custodian Bank (particularly in the framework of Collective
Investment Contract) signed by the Company&#146;s Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Certificate or written Confirmation issued by the Company for the shares included in the
Collective Custody shall at least contain:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the name and address of the Depository and Settlement Institution or the
Custodian Bank executing the relevant Collective Custody;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date of issue of written confirmation;



</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>



the number of shares covered in the written confirmation;</TD>
</TR>



<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the amount of share par value covered in the written confirmation;</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the provisions that each share in the Collective Custody with the same
classification is equal and exchangeable one to another.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a share for any reasons becomes the possession of several persons, those joint owners
shall be required to appoint in writing one of them or any other person as their joint proxy
and only the name of the authorized or appointed person is entered in the Register of
Shareholders and shall be considered the shareholder of the relevant share and entitled to
exercise any rights conferred by the law on such share.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In so far the provision of paragraph 7 above has not yet been complied with, the shareholder
shall not be entitled to cast vote in any General Meeting of Shareholders, while the dividend
payment for the share shall be suspended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All shares issued by the company may be encumbered with due observance of the provisions of
the laws and regulations on the encumbrance of shares, the laws and regulations in Capital
Market in Indonesia and UUPT (Law of Limited Liability Companies).</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each shareholder shall, by law, be subject to the Articles of Association and any resolutions
validly passed in any General Meeting of Shareholders and the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any shares of the Company listed on the Stock Exchange in Indonesia shall be subject to the
laws and regulations in Capital Market in Indonesia.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REPLACEMENT OF SHARE CERTIFICATE</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;6</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a share certificate is damaged or no longer useable, at the written request of the share
certificate holder to the Company&#146;s Board of Directors by presenting a proof of no longer
usable share certificate, the Board of Directors shall issue a replacement of share
certificate bearing the same number as the original number. Any cost to replace the share
certificate shall be for the account and at the expense of the relevant shareholder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The original share certificate as referred to in paragraph 1 shall then be destroyed by the
Board of Directors in the next Board of Directors meeting,</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>and such event shall be articulated in minutes to be reported in the next General Meeting
of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a share certificate is lost or totally damaged, the relevant shareholder submitting the
written request to the Board of Directors in order to obtain its replacement shall be given
the replacement and any incurring cost shall be for the account and at the expense of the
relevant shareholder, provided that he could present a proof of reporting document from the
Police of the Republic of Indonesia on the loss of share or any proof acceptable to the Board
of Directors evidencing that the share certificate is truly totally lost and provide the
adequate guarantee as deemed necessary by the Board of Directors for any particular event.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issue of any replacement for a lost share certificate listed on the Stock Exchange in
Indonesia shall be subject to the laws and regulations in Capital Market in Indonesia and the
regulations of Stock Exchange in Indonesia in the place where the Company&#146;s shares are listed
and</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>required to be announced in the Stock Exchange where the Company&#146;s shares are listed based
on the regulations of Stock Exchange in Indonesia where the Company&#146;s shares are listed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issue of any replacement for a share certificate based on this article shall render the
original share certificate to be null and void.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provisions in this Article&nbsp;6 shall also apply mutatis mutandis to the issue of
replacement for any collective certificate or written confirmation.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REGISTER OF SHAREHOLDERS AND SPECIAL REGISTER</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;7</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors or its appointed proxy shall be required to keep and maintain a
Register of Shareholders and Special Register in the Company&#146;s domicile.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Register of Shareholders shall contain:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the name and address of shareholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the number, serial number and date of acquisition of share certificates or
collective certificates owned by the shareholders;</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the amount paid for each share;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the name and address of any person or legal entity having the lien on shares
or being the fiduciary grantee and the date of acquisition of lien or the date of
registration of fiduciary security, and;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other particulars deemed necessary by the Board of Directors and/or
required by the laws and regulations;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Special Register shall contain any information on the shares ownership of members of the
Board of Directors and Board of Commissioners and their families in the Company and/or in any
other Companies and the date of acquisition of the shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any change of address of the shareholders shall be notified in writing.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In so far the notification has not been received, any correspondence to the shareholders or
any summons and notice to a General Meeting of Shareholders shall be delivered to the
shareholders&#146; addresses latest recorded in the Company&#146;s Register of Shareholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall keep and maintain the Register of Shareholders and Special
Register in the best possible way.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors may appoint and give authority to the Securities Administration Bureau
to execute the recordation and administration of the Company&#146;s shares in the Register of
Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any shareholder shall be entitled to see the Register of Shareholders and Special Register
relating to him during the Company&#146;s office working hours.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any recordation and/or alteration to the Register of Shareholders shall be approved by the
Board of Directors and proven by the signing of the record of such alteration by the President
Director and President Commissioner or their authorized proxy, or by the Securities
Administration Bureau appointed by the Board of Directors, based on the laws and regulations
in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any registration or recordation in the Register of Shareholders, including any recordation of
any</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>sale, transfer, encumbrance, pledge or cession relating to any shares or right to or
interest in shares to be conducted based on the provisions of these Articles of Association
and any shares listed on the Stock Exchange of Indonesia shall be subject to the laws and
regulations in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the request of the relevant shareholders or pledgee, any pledge of share shall be recorded
in the Register of Shareholders in the manner to be determined by the Board of Directors based
on satisfying proof acceptable to the Board of Directors regarding the relevant pledge of
share. The recognition of the pledge of share by the Company as required in Article&nbsp;1153 of
the Civil Code shall be proven only from the recordation of the pledge of share in the
Register of Shareholders.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COLLECTIVE CUSTODY</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;8</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any shares in the Collective Custody in the Depository and Settlement Institution shall be</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>recorded in the Register of Shareholders in the name of the Depository and Settlement
Institution in the interest of all Securities account holders in the Depository and
Settlement Institution.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any shares in the Collective Custody in the Custodian Bank or the Securities Company shall be
recorded in the Securities account in the Depository and Settlement Institution in the name of
the Custodian Bank or the relevant Securities Company in the interest of all Securities
account holders in the Custodian Bank or Securities Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the shares in the Collective Custody in the Custodian Bank constitute a part of portfolio
of Investment Fund Securities in the form of Collective Investment Contract and not included
in the Collective Custody in the Depository and Settlement Institution, the Company shall
record the shares in the Register of Shareholders in the name of the Custodian Bank in the
interest of all holders of Investment Fund participation Unit in the form of Collective
Investment Contract.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall issue a certificate or written confirmation to the Depository and
Settlement Institution as referred to in paragraph 1 of this Article or the Custodian Bank as
referred to in paragraph 3 of this Article, as a proof of recordation in the Register of
Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The company shall transfer the shares in the Collective Custody registered in the name of the
Depository and Settlement Institution or Custodian Bank for Investment Fund in the form of
Collective Investment Contract in the Register of Shareholders to the name of the party
appointed by the Depository and Settlement Institution or the Custodian Bank. The request for
transfer by the Depository and Settlement Institution or Custodian Bank shall be submitted in
writing to the Company or Securities Administration Bureau appointed by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Depository and Settlement Institution, Custodian Bank or Securities Company shall, if
requested by the relevant shareholder, issue a recordation note as confirmation to the
shareholder becoming the holder of securities account and as a</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>proof of recordation with respect to the holding of a number of shares by the relevant
shareholder as recorded in his Securities account in the Collective Custody, provided,
however, that the recordation note as the confirmation shall be signed in the name of the
Depository and Settlement Institution or Custodian Bank or the Securities Company
maintaining the Collective Custody as a proof of recordation in the Securities account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the Collective Custody, any share issued by the Company from the same classification shall
be equal and exchangeable one to another.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall refuse the recordation of shares transfer to the Collective Custody, if the
shares are lost or destroyed, unless the shareholder asking for such transfer could provide an
adequate proof of guarantee properly acceptable to the Company that the relevant shareholder
is truly the beneficial owner of the lost or destroyed shares and the shares are truly lost or
destroyed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall refuse to record any transfer of shares to the Collective Custody, if the
shares are pledged, placed under seizure based on the Court&#146;s</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>order or seized for examination of any criminal case.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any Securities account holder whose shares are recorded in the Collective Custody in the
Depository and Settlement Institution or the Securities sub-account holder, whose shares are
recorded in the Securities account owned by the Custodian Bank or the Securities Company shall
be entitled to cast votes in any General Meeting of Shareholders proportionate to the number
of shares he owns in the Securities account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any Securities account holder entitled to cast vote in a General Meeting of Shareholders
shall be a party whose name is recorded as a Securities account holder in the Depository and
Settlement Institution or whose name is recorded as a Securities sub-account holder in the
Securities account owned by the Custodian Bank or the Securities Company one (1)&nbsp;workday prior
to the date of summons to the General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Custodian Bank or Securities Company shall submit a list of Securities account holders or</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Securities sub-account holders and the number of shares of the Company held by the
respective Securities account holders or Securities sub-account holders in the Custodian
Bank or Securities Company to be further submitted to the Company no later than one (1)
workday prior to the date of summons to the General Meeting of Shareholders to be recorded
in the Register of Shareholders especially maintained in the framework of the holding of
the relevant General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Investment Manager shall have the right to be present and cast vote in a General Meeting
of Shareholders for any shares included in the Collective Custody in the Custodian Bank
constituting a part of the Investment Fund Securities portfolio in the form of Collective
Investment Contract and not included in the Collective Custody in the Depository and
Settlement Institution, provided, however, that the Custodian Bank gives the name of the
Investment Manager at the latest one (1)&nbsp;workday prior to the date of summons to the General
Meeting of Shareholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall submit the dividends, bonus shares, or any other rights in connection with
the ownership of shares in the Collective Custody to the Depository and Settlement
Institution, and further the Depository and Settlement Institution shall submit the dividends,
bonus shares, or any other rights to the Custodian Bank and or the Securities Company listed
as the account holders in the Depository and Settlement Institution, to be further presented
to the Securities account holders in the Custodian Bank and/or Securities Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall submit the dividends, bonus shares or any other rights in connection with
the ownership of shares to the Custodian Bank for the shares in the Collective Custody of the
Custodian Bank constituting a part of the Investment Fund Securities portfolio in the form of
Collective Investment Contract and not included in the Collective Custody in the Depository
and Settlement Institution.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The deadline for deciding the Securities account holders entitled to receive dividends, bonus shares, or any other rights in connection with the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ownership of shares in the Collective Custody shall be determined by or based on a
resolution of a General Meeting of Shareholders, provided, however, that the Custodian Bank
and Securities Company shall submit a list of the Securities account holders and the number
of shares of the Company owned by the respective Securities account holders on the date
serving as the basis for deciding the shareholders entitled to receive dividends, bonus
shares or any other rights to the Depository and Settlement Institution, which shall
further submit the consolidated list to the Company&#146;s Board of Directors at the latest one
(1)&nbsp;workday after the date that serves as the basis for deciding the shareholders entitled
to receive the dividends, bonus shares or other rights.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TRANSFER OF SHARES</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;9</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of any change of ownership of a share, the original owner who has been recorded in
the Register of Shareholders shall remain considered as the shareholder until the name of the
new</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shareholder has been recorded in the Company&#146;s Register of Shareholders with due observance
of the laws and regulations and provisions of Stock Exchange in Indonesia, where the
Company&#146;s shares are listed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any transfer of shares shall be based on a deed of transfer signed by the transferor and the
transferee or their authorized representatives or based on other documents adequately proving
such transfer in the opinion of the Board of Directors without prejudice to the provisions
herein and with due observance of the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Deed of transfer or any other documents as referred to in paragraph 2 shall be in the
form as specified by and/or acceptable to the Board of Directors and the copies of which shall
be submitted in writing to the Company, provided that the document of transfer of shares
listed on the Stock Exchange in Indonesia complies with the laws and regulations in Capital
Market in Indonesia, including the regulations prevailing in Stock</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Exchange in Indonesia, where the Company&#146;s shares are listed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of shares included in the Collective Custody shall be conducted by account
transfer from one Securities account to the other Securities account in the Depository and
Settlement Institution, Custodian Bank and Securities Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of shares shall be allowed only if all provisions in the Articles of Association
have been complied with.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of shares shall be properly recorded in the Register of Shareholders, relevant
share certificate and collective certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The record shall be signed by the President Director and President Commissioner or their
authorized proxies or by the Administration Bureau appointed by the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors may, at its own discretion and by giving the reason therefor, refuse
to record any transfer of shares in the Register of Shareholders, if the provisions in the
Articles of Association are not complied with or if any of the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>requirements of the transfer of shares is not fulfilled.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Board of Directors refuses to record the transfer of shares, the Board of Directors
shall deliver a notice of refusal to the party intending to transfer his right at the latest
thirty (30)&nbsp;days after the date the request for registration is received by the Board of
Directors, provided, however, that the Company&#146;s shares listed on the Stock Exchange in
Indonesia shall be subject to the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Register of Shareholders shall be closed one (1)&nbsp;workday prior to the date of
advertisement of the summons to a General Meeting of Shareholders, to decide the names of
shareholders who are entitled to attend the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any person obtaining the right to a share for the death of a shareholder or for any other
reason causing the ownership of a share to be legally transferred shall, by submitting a
written request and attaching his proof of right as required by the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Board of Directors, be registered as a holder of the share.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The registration shall only be conducted if the Board of Directors can well accept the
proof of transfer without prejudice to the provisions in the Articles of Association and
the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All limitation, prohibition and provisions in the Articles of Association regulating the
right to transfer shares and the registration of the transfer of shares shall also apply
mutatis mutandis to any transfer based on paragraph 10 of this Article.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any transfer of shares listed on the Stock Exchange in Indonesia shall be subject to the
provisions of the laws and regulations in Capital Market in Indonesia, while the right to &#145;A&#146;
<I>Dwiwarna </I>share shall be non-transferable to any party whosoever.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>GENERAL MEETING OF SHAREHOLDERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;10</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Meeting of Shareholders in the Company shall be:</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual General Meeting of Shareholders as referred to in Article&nbsp;11 hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other General Meeting of Shareholders, hereinafter referred to as
Extraordinary General Meeting of Shareholders, i.e. the General Meeting of
Shareholders held at any time deemed necessary as regulated in Article&nbsp;12 hereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term General Meeting of Shareholders herein shall mean both, i.e. the Annual General
Meeting of Shareholders and Extraordinary General Meeting of Shareholders, unless expressly
stated otherwise.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A General Meeting of Shareholders, in miscellaneous items of the agenda, shall not be
entitled to pass any resolutions, unless all Shareholders are present and/or represented in
the General Meeting of Shareholders and approve the addition to the items of the meeting
agenda, and the decision on the additional agenda items of the General Meeting of Shareholders
shall be unanimously approved.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ANNUAL GENERAL MEETING OF SHAREHOLDERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;11</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An Annual General Meeting of Shareholders shall be held annually, at the latest at the end of
June each year after the closing of the Company&#146;s books and accounts.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In an Annual General Meeting of Shareholders:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall submit an annual report as referred to in
Article&nbsp;23 paragraph 7.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall propose the Company&#146;s profit appropriation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A public accountant firm registered in the Capital Market Supervisory Agency
as proposed by the Board of Commissioners shall be appointed to conduct an audit on
the Company&#146;s Financial Statements of the current year, including the internal control
audit on the financial reporting subject to the prevailing provisions of the capital
market authority where the Company&#146;s shares are registered and/or listed.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors may propose any other matters in the Company&#146;s
interest based on the provisions of the Articles of Association.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The approval of Annual Report, including the ratification of financial statements by an
Annual General Meeting of Shareholders shall mean giving full acquittal and discharge to
members of the Board of Directors and Board of Commissioners of the management and supervision
actions performed during the past financial year, in so far such action is reflected in the
Annual Report and Financial Statements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Board of Directors or Board of Commissioners fails to hold an Annual General Meeting
of Shareholders at the designated time, one (1)&nbsp;or more shareholders holding at least one
tenth (1/10) of the total number of shares with valid voting rights shall be entitled to
summon by themselves the Annual General Meeting of Shareholders at the expense of the Company
subject to the permission of the Chairman of the District Court whose jurisdiction covers the
Company&#146;s domicile.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;12</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall be authorized to hold an Extraordinary General Meeting of
Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall summon and hold an Extraordinary General Meeting of Shareholders
at the written request of the Board of Commissioners or one (1)&nbsp;or more shareholders holding
at least one tenth (1/10) of the total number of shares with valid voting rights.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The written request shall be submitted in writing by specifying the matters to discuss
along with the reasons thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Board of Directors fails to serve notice to hold an Extraordinary General Meeting of
Shareholders referred to in paragraph 2 after the period of fifteen (15)&nbsp;days from the receipt
of the request letter to be subsequently followed by the summons based on the laws and
regulations, the Board of Commissioners may serve notice and summons to the General Meeting of
Shareholders by itself.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Board of Commissioners fails to serve notice to hold an Extraordinary General Meeting
of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shareholders as referred to in paragraph 2 after the period of fifteen (15)&nbsp;days from the
receipt of the request letter to be subsequently followed by the summons based on the laws
and regulations, the relevant shareholder signing the request letter shall be entitled to
notify and convene the meeting by himself at the expense of the Company subject to the
permission of the Chairman of District Court whose jurisdiction covers the Company&#146;s
domicile.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The holding of the meeting as referred to in paragraph 4 shall comply with the order of the
Chairman of District Court giving such permission.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>VENUE OF AND SUMMONS TO GENERAL MEETING OF SHAREHOLDERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;13</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A General Meeting of Shareholders shall be held in the Company&#146;s domicile or at the place of
main activity of the Company or in the domicile of Stock Exchange in Indonesia where the
Company&#146;s shares are listed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least fourteen (14)&nbsp;days prior to the serving of summons to a General Meeting of
Shareholders without calculating the date of notice and date of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>summons, the party entitled to serve summons shall notify the shareholders by placing an
advertisement in at least two (2)&nbsp;daily newspapers in the Indonesian language having wide
circulation in the territory of the Republic of Indonesia and in one (1)&nbsp;daily newspaper in
the English language.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to a General Meeting of Shareholders shall be served to the shareholders by
advertisement in at least two (2)&nbsp;daily newspapers in the Indonesian language having wide
circulation in the territory of the Republic of Indonesia and in one (1)&nbsp;daily newspaper in
the English language as determined by the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to a General Meeting of Shareholders shall be served at least fourteen (14)
days prior to the date of General Meeting of Shareholders without calculating the date of
summons and date of Meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to a General Meeting of Shareholders shall contain the day, date, time, venue and
agenda of the meeting along with the information that the materials to discuss in the meeting
are available in the Company&#146;s office from the day of summons</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>until the date of meeting. The summons to an Annual General Meeting of Shareholders shall
also contain that the annual report referred to in Article&nbsp;23 has been made available in
the Company&#146;s office effective from the date of summons to the meeting and that copies of
the balance sheet and profit/loss accounts of the previously passing financial year can be
obtained from the Company at the written request of the shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any proposal of the shareholders shall be entered in the agenda of a General Meeting of
Shareholders if:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the relevant proposal has been submitted in writing to the Board of Directors
by one or more Shareholders holding at least one tenth (1/10) of the total number of
shares with valid voting rights;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The relevant proposal has been received by the Board of Directors at least
seven (7)&nbsp;days prior to the date of summons to the relevant meeting.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the opinion of the Board of Directors, the proposal is considered directly
relating to the Company&#146;s business.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAIRMAN AND MINUTES OF GENERAL MEETING OF SHAREHOLDERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;14</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The General Meeting of Shareholders shall be presided over by the President Commissioner.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the President Commissioner is absent or prevented for any reasons whatsoever, of
which impediment no evidence to any third party shall be required, the General Meeting of
Shareholders shall be presided over by a member of the Board of Commissioners.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case none of members of the Board of Commissioners is present or they are all prevented
for any reasons, of which impediment no evidence to any third party shall be required, the
General Meeting of Shareholders shall be presided over by the President Director.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the President Director is absent or prevented for any reasons whatsoever, of which
impediment no evidence to any third party shall be</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>required, the General Meeting of Shareholders shall be presided over by Vice President
Director.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case Vice President Director is absent or prevented for any reasons whatsoever, of which
impediment no evidence to any third party shall be required, or in case no Vice President
Director is appointed, the General Meeting of Shareholders shall be presided over by any
member of the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case none of members of the Board of Directors is present or they are all prevented for
any reasons whatsoever, of which impediment no evidence to any third party shall be required,
the General Meeting of Shareholders shall be presided over by a person elected by and from
amongst those present in the General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The meeting participants shall prove their authority to be present in the meeting, i.e. based
on the requirements specified by the Board of Directors or Board of Commissioners contained in
the summons to the meeting provided, however, that any shares listed on the Stock Exchange in</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Indonesia shall be subject to the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meeting Minutes of anything discussed and resolved in a General Meeting of Shareholders shall
be drawn up by the Notary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Meeting Minutes shall serve as valid evidence to all shareholders and any third party
on any resolutions and any proceedings of the meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>QUORUM, VOTING RIGHTS AND RESOLUTIONS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;15</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">1.&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> A General Meeting of Shareholders may be held if it is attended by the shareholders
representing more than a half (1/2) of the total number of shares with voting rights issued by
the Company, unless otherwise herein contained.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the quorum referred to in paragraph 1.a., the summons to the
second meeting may be served without being preceded by any announcement/notice about
the serving of the summons to the Meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the second meeting shall contain</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>that the first meeting has been held but failing to reach the prescribed quorum.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The second meeting shall be held at the earliest ten (10)&nbsp;days and at the
latest twenty-one (21)&nbsp;days effective from the First Meeting on the same terms and
with the same agenda as required for the First Meeting, except for the quorum
requirements specified in point d and the summons that shall be served at the latest
seven (7)&nbsp;days prior to the second meeting without calculating the date of summons and
the date of Meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The second meeting shall be valid and entitled to pass binding resolutions,
if it is attended by the shareholders or the authorized proxies of the shareholders
holding at least one third (1/3) of the total number of shares with valid voting
rights.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the quorum of the second meeting, at the Company&#146;s request,
a third meeting may be held with the quorum of attendance, number of votes to pass
resolutions, summons and time to hold the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meeting to be determined by the authorized agency based on the laws and
regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A shareholder may be represented by any other shareholder or any other person by virtue of
power of attorney.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The power of attorney shall be prepared and signed in the form decided by the Company&#146;s
Board of Directors without prejudice to the provisions of the laws and regulations on civil
proof and shall be submitted to the Board of Directors at least three (3)&nbsp;workdays prior to
the date of the relevant General Meeting of Shareholders.
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The meeting chairman shall be entitled to ask that the power of attorney to represent the
shareholders be shown to him in the meeting.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the meeting, each share shall give the right to its owner to cast one (1)&nbsp;vote.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Directors, members of the Board of Commissioners and employees of the
Company may act as proxies in the meeting, however the votes they cast as proxies in the
meeting shall not be counted in voting.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Voting on individuals shall be conducted by unsigned folded ballots, while on other matters
shall be verbally, unless the meeting chairman decides otherwise without any objection of one
(1)&nbsp;or more shareholders jointly representing at least one-tenth (1/10) of the total number of
shares with valid voting rights.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Blank votes or invalid votes shall be deemed non-existent and not counted to determine the
number of votes cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All resolutions shall be passed in deliberation for a consensus. Failing this mode of
settlement, the resolutions shall be passed by voting based on the affirmative votes of more
than a half (1/2) of the number of votes cast lawfully in the meeting, unless it is determined
otherwise in the Articles of Association as regulated in Article&nbsp;16 paragraph 7, Article&nbsp;17
paragraph 8, Article&nbsp;19 paragraph 7, Article&nbsp;27 paragraph 2, Article&nbsp;28 paragraph 1 and
Article&nbsp;29 paragraph 1 hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the proposed resolution submitted does not
obtain affirmative votes of over a half (1/2) of the
number of votes cast, the voting shall be</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>repeated on two (2)&nbsp;proposals obtaining the majority votes, until one of the
two proposals has obtained more than a half (1/2) of the total number of votes
cast.
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the number of affirmative votes is equal to the
number of negative votes, if it concerns individuals,
a lot shall be drawn, but if it concerns other
matters the proposal shall be considered refused.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">8.&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Any resolution relating to
transactions having
conflict of interests as
referred to in Article&nbsp;30
paragraph 1 hereof shall be
passed in a General Meeting
of Shareholders specially
held for such purpose that
is attended by independent
shareholders, i.e.
shareholders having no
conflict of interests on
such transactions
(hereinafter referred to as
<B>&#147;Independent
Shareholders&#148;</B>), who have
more than a half (1/2) of
the total number of shares
with valid voting rights
held by all Independent
Shareholders without
prejudice to the provision
of paragraph 1 point a of
this Article, and the
resolution shall be passed
based on the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>affirmative votes of all Independent Shareholders who have more than a half (1/2)
of the total number of shares with valid voting rights.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In passing any resolutions, the main shareholders, members of the Board of
Directors and members of the Board of Commissioners who have conflict of interests
with the transactions that are decided shall not be entitled to give any
recommendations or opinions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any resolution passed by Independent Shareholders shall be confirmed by the
whole meeting quorum to be followed by all shareholders present in the meeting,
including Shareholders having conflict of interests.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If in the first meeting, the number of Independent Shareholders who are
present or represented apparently does not meet the required quorum stipulated in the
first Meeting, at the Company&#146;s request, a second meeting may be held after the
summons to the meeting has been served (however without notification for the Meeting
summons as referred to in Article</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>13), provided that the meeting is attended or represented by Independent Shareholders
who hold more than a half (1/2) of the total number of shares with valid voting
rights and the resolutions shall be passed based on the affirmative votes of more
than a half (1/2) of the total number of shares held by the Independent Shareholders
who are present / represented in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the quorum in the second meeting is also not met, at the Company&#146;s
request, the third meeting may be held with the quorum of attendance, number of votes
to pass resolutions, summons and time to hold the Meeting to be determined by the
Chairman of the Capital Market and Financial Institution Supervisory Agency and based
on the provisions of the laws.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any matters submitted by the shareholders during the discussion or voting in the General
Meeting of Shareholders shall meet the conditions as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the opinion of the Meeting Chairman, they are directly relating to one of
the items of the relevant meeting agenda; and</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the matters are proposed by one or more shareholders jointly holding at least
one-tenth (1/10) of the total number of shares with valid voting rights; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the Board of Directors&#146; opinion the proposal is considered directly
relating to the Company&#146;s business.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BOARD OF DIRECTORS<BR>
Article&nbsp;16</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">1.&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s management shall be executed by the Board of Directors under the supervision
of the Board of Commissioners.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall consist of at least three (3)&nbsp;members with the
following composition:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one President Director;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one Vice President Director (if appointed); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one or more Directors.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible to be appointed as members of the Board of Directors shall be individual persons of
Indonesian citizenship who are capable of taking legal</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>actions, unless in the period of five (5)&nbsp;years prior to their appointment, they have ever:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>been declared bankrupt;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>become members of the Board of Directors or members of the Board of
Commissioners or members of the Supervisory Board who are stated guilty of causing a
Company or Public State Corporation to be declared bankrupt; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>been sentenced for committing an offence that harms the state&#146;s and / or
BUMN&#146;s finance and / or relating to financial sector.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The fulfillment of the requirements referred to in paragraph 2 of this Article shall be
proven by a statement signed by the prospective members of the Board of Directors and the
statement is kept by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Besides fulfilling the requirements referred to in paragraph 2 of this Article, the
appointment of members of the Board of Directors shall be conducted by considering the
expertise, experience and other requirements based on the laws and regulations.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The appointment of members of the Board of Directors who do not comply with the requirements
as referred to in paragraph 2 of this Article shall be null and void by law since the time
when other members of the Board of Directors or Board of Commissioners find out the
incompliance with such requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Besides the requirements in paragraph (2)&nbsp;of this Article, between members of the Board of
Directors and members of the Board of Commissioners, there shall be no family relationship up
to the third (3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>) degree, both in a direct line and a collateral line, or any
relation arising from marriage or any marital relationship (in-laws).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of any occurrence of the condition referred to above, the General Meeting of
Shareholders shall be authorized to dismiss one of them.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Company&#146;s Board of Directors shall be appointed from the candidates nominated
by the Holder of &#145;A&#146; <I>Dwiwarna </I>Share and have passed the nomination process based on the
provisions of the laws and the nomination shall bind the General Meeting of Shareholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Directors shall be appointed and dismissed by the General Meeting
of Shareholders, which must be attended by the Holder of &#145;A&#146; <I>Dwiwarna </I>Share and one or more
Shareholders who hold more than a half (1/2) of the total number of shares with valid
voting rights issued by the Company and the meeting resolution shall be approved by the
Holder of &#145;A&#146; <I>Dwiwarna </I>Share and one or more Shareholders holding more than a half (1/2) of
the total number of votes lawfully cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term of office of each member of the Board of Directors shall be five (5)&nbsp;years effective
from the date of his appointment, unless the date of expiration of the term of office falls on
the day other than workday, such term of office shall expire on the next workday, one another
with due observance of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>After their term of office has expired, members of the Board of Directors may be
reappointed only for one (1)&nbsp;term of office by the General Meeting of Shareholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provisions on the term of office of members of the Board of Directors shall be without
prejudice to the right of the General Meeting of Shareholders to dismiss members of the Board
of Directors at any time prior to the expiration of their term of office by specifying the
reason thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The reasons for dismissal as referred to above shall be among others, if such members of
the Board of Directors:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are unable to meet their duties agreed in the management contract; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are unable to perform their duties properly; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>do not carry out the provisions of the laws and regulations and / or the
provisions of the Articles of Association; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are involved in actions harming the Company and / or the State;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are stated guilty by a Court&#146;s judgment that has become final and binding;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>have submitted a request of resignation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Besides the reason for dismissal of members of the Board of Directors as referred to above,
members of the Board of Directors may be dismissed by the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Meeting of Shareholders based on other reasons considered appropriate by the
General Meeting of Shareholders in the Company&#146;s interest and purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The plan of dismissal of members of the Board of Directors as referred to in paragraph 9 of
this Article shall be notified by the Holder of &#145;A&#146; <I>Dwiwarna </I>Share to the Board of Directors
concerned in writing within no later than fourteen (14)&nbsp;days prior to the date of the General
Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The decision of dismissal as referred to in paragraph 9 points a, b, c and d and paragraph 10
of this Article shall be made after the persons concerned have been given the opportunity to
defend themselves in the General Meeting of Shareholders. Such dismissal shall be effective
as of the conclusion of the General Meeting of Shareholders deciding such dismissal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term of office of a person appointed to replace a member of the Board of Directors
dismissed at any time prior to the expiration of his term of office shall be for five (5)
years effective from the date</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">of his appointment, unless the date of expiration of the term of office falls on the day
other than workday, such term of office shall expire on the next workday, one another with
due observance of the laws and regulations.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If for any reasons whatsoever the position of a member of the Board of Directors is vacant,
such vacancy shall be filled at the latest in the next General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In so far the position is vacant and his successor is still not available or has not held
the position, another Director appointed based on decision of the Board of Directors
Meeting shall perform the Director&#146;s job with the same power and authority.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term of office of a person appointed to fill such vacancy shall be five (5)&nbsp;years
effective from the date of his appointment, unless the date of expiration of the term of
office falls on a day other than workday, then the term of office shall expire on the next
workday, one another with due observance of the laws and regulations.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If for any reasons whatsoever the Company does not have the Board of Directors or the
positions of all members of the Board of Directors are vacant, the Board of Commissioners
shall temporarily take the management action.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Within no later than sixty (60)&nbsp;days upon such vacancy, the Company shall hold a General
Meeting of Shareholders to fill the vacancy.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Directors may be suspended by the Board of Commissioners as regulated
in Article&nbsp;20 paragraphs 8 to 12, if they act in conflict with these Articles of Association
or indicate to conduct actions harming the Company or neglect their duties or there is an
urgent reason for the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of additional number of members of the Board of Directors, the term of office of the
new members of the Board of Directors shall be five (5)&nbsp;years effective from the date of their
appointment, unless the date of expiration of the term of office falls on a day other than
workday, then the term of office shall expire on the next workday, one</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>another with due observance of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Directors shall be entitled to resign from his position by giving a
written notification regarding his intention to the Company with copy to the Holder of &#145;A&#146;
<I>Dwiwarna </I>Share, Board of Commissioners and other members of the Company&#146;s Board of Directors
no later than sixty (60)&nbsp;days prior to the date of his resignation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the request of resignation does not specify the effective date of resignation and there
is no resolution of the General Meeting of Shareholders regarding such resignation, such
member of the Board of Directors shall effectively resign after the period of sixty (60)
days from the date of receipt of the request letter of resignation has lapsed.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%">&nbsp;</TD>
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
If any member(s) of the Board of Directors resign(s), causing the number of members of the
Board of Directors to become less than three (3)&nbsp;persons, such resignation shall be valid,
if it has been resolved by the General Meeting of</TD>
</TR></TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Shareholders and the new member(s) of the Board of Directors has/have been appointed in
order to meet the required minimum number of members of the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Directors who resigns before or after his term of office has expired
may be requested to give accountability of his actions that has not been accounted to the
General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">20.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Directors shall be given salary and other allowances, including
retirement benefit, which amounts are determined based on a resolution of a General Meeting of
Shareholders and such authority may be delegated by the General Meeting of Shareholders to the
Board of Commissioners. In case the authority of the General Meeting of Shareholders is
delegated to the Board of Commissioners, the amounts of salaries and allowances shall be
decided based on resolution of the Board of Commissioners meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">21.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The position of a member of the Board of Directors shall end, if:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he dies;</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>his term of office has expired;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he is dismissed based on a resolution of a General Meeting of Shareholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he no longer complies with the requirements as member of the Board of
Directors based on the provisions of the Articles of Association and the laws and
regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he resigns based on the provision of paragraph 18.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">22.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provision referred to in paragraph 21 point d shall include, but not limited to
prohibited double positions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">23.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Directors shall not serve other position concurrently as specified
hereunder:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>member of the Board of Directors in other State-Owned Enterprise,
Regional-Owned Enterprise or private company or other position conducting the
company&#146;s management;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>member of the Board of Commissioners / Supervisory Board in a State-Owned
Enterprise;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other structural and functional position in the agency / institution of
central or regional government;</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other position based on the provisions of the laws and regulations, member of
the management of political party and / or prospective / member of legislative and or
prospective regional head / regional deputy head; and or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other position that may cause conflict of interests directly or indirectly
with the Company and / or conflicting with the laws and regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DUTIES AND AUTHORITIES OF THE BOARD OF DIRECTORS<BR>
Article&nbsp;17</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall be assigned to take all actions relating to the Company&#146;s
management in the Company&#146;s interest and according to the Company&#146;s purpose and objective.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each member of the Board of Directors shall have the right and authority to act for and on
behalf of the Board of Directors to represent the Company in and outside the Court on any
matters and in any events, to bind the Company with other party and other party with the
Company, and to take all actions either regarding the management or</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">ownership with the limitation stipulated in paragraph 6 of this Article, and with due
observance of the laws and regulations in Capital Market in Indonesia.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each member of the Board of Directors shall, in good faith and with full responsibility,
perform his duties in the interest and for the business of the Company with due observance of
the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each member of the Board of Directors shall be personally responsible for the Company&#146;s loss,
if he is guilty or fails to perform his duties based on the provisions of the laws and
regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>However, the member of the Board of Directors may not be requested to give accountability
of the Company&#146;s loss, if he is able to prove that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the loss is not due to his fault or negligence;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he has conducted the management in good faith and prudentially in the
interest and according to the purpose and objective of the Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he has no conflict of interests, directly or indirectly, with the management
action causing a loss; and</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>has taken an action to prevent any occurrence or continuation of such loss.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Directors shall have no right to represent the Company, if:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any case occurs in the Court between the Company and such member of the Board
of Directors; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such member of the Board of Directors has conflict of interests with the
Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Actions of the Board of Directors that should obtain the written approval of the Board of
Commissioners:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to buy and / or sell other company&#146;s shares through stock exchange exceeding
a certain number stipulated in decision of the Board of Commissioners;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to conduct equity participation or dispose of equity participation in other
business entity not conducted through Stock Exchange and the amount exceeds that
stipulated in the decision of the Board of Commissioners;</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to conduct establishment, merger, dissolution, acquisition, transfer,
separation and dissolution of subsidiary;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to transfer, exchange, sell or buy business segments;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to make license agreements and / or management contracts; regarding the terms
and conditions and the types of license agreement and / or management contract that
need the approval of the Board of Commissioners shall be regulated further in decision
of the Board of Commissioners.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to conduct transfer of fixed assets and other assets owned by the Company of
the amount exceeding a certain amount stipulated in decision of the Board of
Commissioners;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to write-off any bad debt and inventory of any non-productive goods, which
value exceeds a certain amount stipulated in decision of the Board of Commissioners;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to bind the Company as guarantor (<I>borg </I>or <I>avalist</I>) causing the finance to
exceed a</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>certain amount stipulated in decision of the Board of Commissioners;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to receive or give medium / long-term loans and to receive short-term loans
that are not operational by nature, exceeding a certain amount stipulated in the
Company&#146;s work program and budget ratified in the decision of the Board of
Commissioners;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">j.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to nominate members of the Board of Directors and / or Commissioners in the
subsidiaries:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which financial statements are consolidated with the
Company&#146;s; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which gives contribution of income of minimum thirty percent
(30%) of the Company&#146;s total consolidated operating income.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">The Board of Commissioners&#146; approval specially relating to this point j shall be
based on the resolution of the Board of Commissioners meeting approved by all
members of the Board of Commissioners.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">The intended written approval shall be articulated in the form of decision of the
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Board of Commissioners signed by the President Commissioner and a member of the
Board of Commissioners based on the resolution of Board of Commissioners meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors&#146; action as referred to in paragraph 6 point a to point h above shall
first obtain the approval of the General Meeting of Shareholders in case the value of
investment / divestment to be conducted by the Company is material, namely meeting one of the
following two conditions:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>ten percent (10%) of the Company&#146;s revenue or another amount based on the
prevailing Capital Market regulation when the transaction is conducted;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>twenty percent (20%) of the Company&#146;s equity or other amount based on the
prevailing Capital Market regulation when the transaction is conducted.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In taking the legal action to transfer, renounce right or encumber all or a part of the
Company&#146;s assets of the value exceeding fifty percent (50%) of the total Company&#146;s net assets
value, either in</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a single transaction or several independent or related transactions in one financial year,
the Board of Directors shall obtain the approval of the General Meeting of Shareholders
that is attended or represented by the shareholders having at least three fourths (3/4) of
the total number of shares with voting rights and approved by at least three fourths (3/4)
of the total number of votes cast in the meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the prescribed quorum in the meeting, at the earliest ten (10)&nbsp;days and at
the latest twenty-one (21)&nbsp;days after the first meeting, a second meeting may be held with
the same agenda as in the first meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the meeting shall be served no later than seven (7)&nbsp;days prior to the second
meeting excluding the date of summons and the date of meeting, and for the summons to such
meeting, prior notification / announcement shall not be required and such second meeting
shall be attended or represented by the shareholders who hold at least two thirds (2/3) of
the total number of shares with valid voting rights and approved by at least three</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fourths (3/4) of the total number of votes cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the quorum of the second meeting, at the Company&#146;s request a third meeting
may be held with the quorum of attendance, number of votes to pass resolutions, summons and
time to hold the Meeting to be determined by the authorized agency based on the laws and
regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without prejudice to its responsibility, the Board of Directors shall also, for certain
actions, have the authority to appoint one or more persons as its proxy(ies) on the conditions
stipulated by the Board of Directors in a special power of attorney, such authority shall be
exercised pursuant to the Articles of Association.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In carrying out their duties, members of the Board of Directors shall comply with the
Company&#146;s Articles of Association and the laws and regulations and shall perform the principle
of professionalism, efficiency, transparency, independency, accountability, responsibility and
fairness.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The distribution of duties and authorities of each member of the Board of Directors shall be
stipulated based on any Resolution of the General Meeting of Shareholders and in case the
General Meeting of Shareholders fails to pass resolution pertaining thereto, the distribution
of duties and authorities of members of the Board of Directors shall be decided based on the
Board of Directors&#146; resolution.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In administering and / or managing the Company, the Board of Directors shall comply with any
resolutions passed in the General Meeting of Shareholders and the Board of Commissioners in so
far they are not conflicting with the laws and regulations and / or these Articles of
Association.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BOARD OF DIRECTORS MEETING</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;18</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors meeting may be held any time deemed necessary at the request of one or
more members of the Board of Directors or at the request of the Board of Commissioners meeting
or at the written request of one (1)&nbsp;or more shareholders</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>jointly representing one tenth (1/10) or more of the total number of shares with voting
rights.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the Board of Directors meeting shall be served by members of the Board of
Directors who are entitled to represent the Board of Directors pursuant to the provisions of
Article&nbsp;17 paragraph (2)&nbsp;hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the Board of Directors meeting shall be served by registered mail or a letter
hand-delivered to each member of the Board of Directors against receipt or by facsimile or
other electronic media at least three (3)&nbsp;days prior to the meeting, without calculating the
date of summons and the date of meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the matters to be discussed need to be immediately settled, the period of summons
may be shortened to no less than one (1)&nbsp;day, without calculating the date of summons and
the date of meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The meeting summons shall specify the agenda, date, time and place of meeting.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">5.</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors meeting shall be held in the Company&#146;s domicile or the Company&#146;s
place of main business activity.
If all members of the Board of Directors are present or represented, such prior
summons shall not be required and the Board of Directors meeting may be held
anywhere in the territory of the Republic of Indonesia and the meeting shall be
entitled to pass valid and binding resolutions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors meeting as referred to in point a may be held by video
conference or any other electronic media that enables all meeting participants to see
and hear each other directly and to participate in the Meeting, and with respect
thereto, all participants shall be considered present to determine the fulfillment of
the required quorum and voting or passing of resolution.
</TD>
</TR>

<TR valign="top" style="font-size: 6pt; color: #000000; background: transparent">
<TD colspan="4">&nbsp;</TD>
<TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
The minutes of the Meeting held by video conference or any other electronic media
shall be prepared in writing and circulated to all participating members of the
Board of Directors</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to be approved and signed.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors meeting shall be chaired by the President Director. In case the
President Director is prevented or absent for any reason whatsoever, of which impediment no
evidence to any third party shall be required, the Board of Directors meeting shall be chaired
by Vice President Director. In case the Vice President Director is prevented or absent for
any reason whatsoever, of which impediment no evidence to any third party shall be required or
in case no Vice President Director is appointed, the Board of Directors meeting shall be
chaired by another member of the Board of Directors appointed by the Board of Directors
meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Directors meeting may be represented in the Board of Directors
meeting only by another member of the Board of Directors by virtue of power of attorney
provided exclusively for such purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Directors may only represent another member of the Board of
Directors.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In other agenda items, the Board of Directors meeting shall not be entitled to pass
resolutions, unless all members of the Board of Directors or their legal representatives are
present and approve the additional items of meeting agenda and approve the decision on the
additional items of meeting agenda.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors meeting shall be valid and entitled to pass valid and binding
resolutions, if more than a half (1/2) of the number of members of the Board of Directors are
present or represented legally in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The resolutions of the Board of Directors meeting shall be passed in deliberation for a
consensus.
Failing this mode of settlement, the resolution shall be passed by voting based on the
majority affirmative votes of the number of votes cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In a tie vote, the meeting Chairman shall have a casting vote with due observance of the
provision on accountability referred to in Article&nbsp;17 paragraph 4.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">13.</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each member of the Board of Directors who is present shall be entitled to cast one (1)
vote and one (1)&nbsp;extra vote for each other member of the Board of Directors he so represents.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Voting on individuals shall be conducted by unsigned folded ballots, while on
other matters shall be verbally, unless the meeting Chairman decides otherwise without
any objection of the meeting participants.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each member of the Board of Directors who is present or represented in the
meeting shall give or cast vote.
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
In case a member of the Board of Directors does not give any vote (being abstain),
such member of the Board of Directors shall observe and be responsible for any
resolution of the meeting.</TD>
</TR>




<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Invalid votes shall be considered invalidly cast and deemed non-existent and
shall not be counted to determine the number of votes cast.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In any Board of Directors meeting, meeting minutes containing any matters discussed,
including statement of disapproval / dissenting opinions</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>among members of the Board of Directors, if any, and any resolved matters shall be
prepared.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The meeting minutes as referred to in paragraph 14 of this Article shall be signed by the
meeting Chairman and all members of the Board of Directors who are present in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors may also pass valid resolutions without holding a Board of Directors
meeting, provided, however, that all members of the Board of Directors give their approval in
writing by signing the submitted proposal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The resolutions passed in such a manner shall have the same legal force and effect as any
resolutions validly passed in the Board of Directors meeting.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BOARD OF COMMISSIONERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;19</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">1.</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Commissioners shall consist of at least two (2)&nbsp;members, one of them shall be
appointed as the President Commissioner.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Commissioners is a panel and each member of the Board of
Commissioners may not act individually, instead based on the Board of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commissioners resolution.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall have an Independent Commissioner who meets the requirements
based on the laws and regulations in Capital Market in Indonesia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible to be appointed as members of the Board of Commissioners shall be individual persons
of Indonesian citizenship who are capable of taking legal actions, unless in the period of
five (5)&nbsp;years prior to their appointment, they have ever:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>been declared bankrupt;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>become members of the Board of Directors or members of the Board of
Commissioners or members of the Supervisory Board who are stated guilty of causing a
Company or Public State Corporation to be declared bankrupt; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>been sentenced for committing an offence that harms the state&#146;s and / or
BUMN&#146;s finance and / or relating to financial sector.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Besides fulfilling the requirements referred to in paragraph 2 of this Article, the
appointment of members of the Board of Commissioners shall be conducted by considering the
integrity, dedication,</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>understanding on the company&#146;s management issues relating to one of management functions,
that they have the adequate knowledge in the Company&#146;s business line and are able to give
adequate time for performing their duties and other requirements based on the laws and
regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The appointment of members of the Board of Commissioners failing to comply with the
requirements referred to in paragraph 2 of this Article shall be null and void by law since
the time when other members of the Board of Commissioners or Board of Directors find out the
non-fulfillment of such requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Company&#146;s Board of Commissioners shall be appointed from Indonesian Citizens
who meet the requirements pursuant to the laws and regulations. Between members of the Board
of Commissioners and between members of the Board of Commissioners and members of the Board of
Directors, there shall be no family relationship up to the third (3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>) degree, both
in a direct line and a collateral line, or any marital relationship.
In case of any occurrence of the condition referred</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to above, the General Meeting of Shareholders shall be authorized to dismiss one of them.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The appointment of members of the Board of Commissioners shall not be at the same time with
the appointment of members of the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Commissioners shall be appointed by the General Meeting of
Shareholders of the candidates nominated by the Holder of &#145;A&#146; <I>Dwiwarna </I>Share. Such nomination
shall bind the General Meeting of Shareholders.
</TD>
</TR>


<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
Members of the Board of Commissioners shall be appointed and dismissed by the General
Meeting of Shareholders, which must be attended by the Holder of &#145;A&#146; <I>Dwiwarna </I>Share and one
or more Shareholders who hold more than a half (1/2) of the total number of shares with
valid voting rights issued by the Company and the meeting resolution shall be approved by
the Holder of &#145;A&#146; <I>Dwiwarna </I>Share and one or more Shareholders holding more than a half
(1/2) of the total number of votes lawfully cast in the meeting.</TD>
</TR>



</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term of office of each member of the Board of Commissioners shall be five (5)&nbsp;years
effective from the date of their appointment, unless the date of expiration of the term of
office falls on the day other than workday, such term of office shall expire on the next
workday, one another with due observance of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The conditions on the term of office of members of the Board of Commissioners shall be
without prejudice to the right of the General Meeting of Shareholders to dismiss members of
the Board of Commissioners at any time prior to the expiration of their term of office. Such
dismissal may be conducted, if such members of the Board of Commissioners, among others:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are unable to perform their duties properly;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>do not carry out the provisions of the laws and regulations or the provisions
of the Articles of Association; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>are involved in actions harming the Company or the state;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The plan of dismissal of members of the Board of Commissioners shall be notified by the
Holder of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#145;A&#146; <I>Dwiwarna </I>Share to the members of the Board of Commissioners concerned verbally or in
writing within no later than fourteen (14)&nbsp;days prior to the date of the General Meeting of
Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Commissioners who will be dismissed shall be given the opportunity to
be present in the General Meeting of Shareholders to defend themselves. Such dismissal shall
be effective as of the conclusion of the General Meeting of Shareholders deciding such
dismissal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term of office of a person appointed to replace a member of the Board of Commissioners
dismissed at any time prior to the expiration of his term of office shall be for five (5)
years effective from the date of their appointment, unless the date of expiration of the term
of office falls on the day other than workday, such term of office shall expire on the next
workday, one another with due observance of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>After their term of office has expired, members of the Board of Commissioners may be
reappointed only for one (1)&nbsp;term of office by the General Meeting of Shareholders.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Commissioners shall be given salary / honorarium and / or allowances,
including retirement benefit, which amounts shall be decided by the General Meeting of
Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Commissioners shall not be allowed to hold any concurrent positions
as:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>members of the Board of Directors in State-Owned Enterprises, Regional-Owned
Enterprises, Private-Owned Enterprises;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other positions based on the provisions of the laws and regulations,
management members of political parties and / or prospective / members of legislative
and or prospective regional heads / regional deputy heads; and / or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other positions that may cause conflict of interests.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If for any reasons whatsoever the position of a member of the Board of Commissioners is
vacant, such vacancy shall be filled at the latest in the next General Meeting of
Shareholders, except the number of members of the Board of Commissioners becomes less than two
(2)&nbsp;persons, in such case the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>General Meeting of Shareholders shall be held within sixty (60)&nbsp;days since such vacancy to
fill such vacancy.
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The term of office of a person appointed to fill such vacancy shall be five (5)&nbsp;years
effective from the date of their appointment, unless the date of expiration of the term of
office falls on a day other than workday, then the term of office shall expire on the next
workday, one another with due observance of the laws and regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of additional number of members of the Board of Commissioners, the term of office of
the new members of the Board of Commissioners shall be five (5)&nbsp;years effective from the date
of their appointment, unless the date of expiration of the term of office falls on a day other
than workday, then the term of office shall expire on the next workday, one another with due
observance of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Commissioners shall be entitled to resign from his position by
giving a written notification regarding his intention to the Company with copy to the Holder
of &#145;A&#146; <I>Dwiwarna</I></TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Share, Board of Commissioners and other members of the Company&#146;s Board of Directors no
later than sixty (60)&nbsp;days prior to the date of his resignation.
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the request of resignation does not specify the effective date of resignation and there
is no resolution of the General Meeting of Shareholders regarding such resignation, such
member of the Board of Commissioners shall effectively resign after the period of sixty
(60)&nbsp;days from the date of receipt of the request letter of resignation has lapsed.
</TD>
</TR>
</TABLE>
</DIV>
<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%"><B>&#149;</B></TD>
    <TD width="3%">&nbsp;</TD>
    <TD>If any member(s) of the Board of Commissioners resign(s), causing the number of members of
the Board of Commissioners to become less than two (2)&nbsp;persons, such resignation shall be
valid, if it has been resolved by the General Meeting of Shareholders and the new member(s)
of the Board of Commissioners has / have been appointed in order to meet the required
minimum number of members of the Board of Commissioners.</TD>
</TR>
</TABLE></DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The position of a member of the Board of Commissioners shall end, if:</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>his term of office has expired;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he resigns based on the provision of paragraph 18.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he no longer complies with the requirements of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he dies;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>he is dismissed based on the General Meeting of Shareholders;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DUTIES AND AUTHORITIES OF THE BOARD OF COMMISSIONERS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;20</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Commissioners shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conduct supervision of the Company&#146;s management policy conducted by the Board
of Directors and give advice to the Board of Directors, including the Company&#146;s
development plan, work program and annual budget, the implementation of the provisions
of the Company&#146;s Articles of Association and resolutions of the General Meeting of
Shareholders and the laws and regulations in consideration of the Company&#146;s interest.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>perform the duties, authorities and responsibilities pursuant to the
provisions of the Company&#146;s Articles of Association and resolutions of the General
Meeting of Shareholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>study carefully and sign the annual report prepared by the Board of
Directors.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In connection with the duties of the Board of Commissioners as referred to in paragraph 1 of
this Article, the Board of Commissioners shall be required to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>give opinion and recommendation to the Annual General Meeting of Shareholders
on periodical reports and other reports of the Board of Directors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>supervise the implementation of the Company&#146;s work program and budget
(including investment budget) for the preceding financial year and present the result
of its evaluation and opinion to the Annual General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>follow the Company&#146;s activity development and in case the Company gives an
indication of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>slowing-down, it shall immediately request the Board of Directors to announce it to
the shareholders and give recommendation on any correction measures to be taken;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>give opinion and recommendation to the General Meeting of Shareholders on any
other issues deemed significant for the Company&#146;s management;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>propose to the General Meeting of Shareholders, through the Board of
Directors, for appointment of the public accountant firm to conduct audit on the
Company&#146;s financial statements, including internal control audit on financial
reporting, based on the provisions put in place by the Capital Market authority, where
the Company&#146;s shares are registered and / or listed;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>give reports on the supervision duty conducted during the financial year that
has just passed to the General Meeting of Shareholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>conduct other supervision duties stipulated by the General Meeting of
Shareholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Commissioners may not be requested to give accountability for the
Company&#146;s loss, if they are able to prove that they:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>have conducted supervision in good faith and prudentially in the Company&#146;s
interest and according to the Company&#146;s purpose and objective;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>have no personal interest, directly or indirectly, in the management actions
of the Board of Directors causing such loss; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>have given advice to the Board of Directors to prevent such loss from
occurring or continuing.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Members of the Board of Commissioners, jointly as well as severally at any time during the
Company&#146;s office hours shall be entitled to enter the buildings and premises or other places
used or controlled by the Company and to examine all account books, documents and other
instruments of proof, inventory of goods, to examine and verify the condition of cash and any
other securities, and to know all actions taken by the Board of Directors.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In performing its duties, the Board of Commissioners may request the assistance of an expert
for a limited term and establish a Committee required according to the need or the laws and
regulations and on the Company&#146;s expense.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Commissioners shall arrange job distribution amongst them, and in order to
expedite their job, they may be assisted by a secretary whom they appoint.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors or each member of the Board of Directors shall give explanation on any
matters inquired by members of the Board of Commissioners or the expert assisting them.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Commissioners shall at any time be entitled to suspend one or more members of
the Board of Directors from their positions, if such member(s) act(s) in conflict with these
Articles of Association and the laws and regulations or neglect(s) his / their duties or for
any urgent reasons of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such suspension shall be notified to the person(s) concerned with the reason for such action.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Within no later than forty-five (45)&nbsp;days after such suspension, the Board of Commissioners
shall hold a General Meeting of Shareholders that will decide whether the relevant member(s)
of the Board of Directors will be permanently dismissed or reinstated to his / their former
position, while such dismissed member(s) of the Board of Directors shall be given an
opportunity to be present to defend himself / themselves.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The meeting referred to in paragraph 10 of this Article shall be chaired by the President
Commissioner and if he is absent, of which impediment no evidence to any third party shall be
required, the meeting shall be chaired by another member of the Board of Commissioners
appointed for such purpose by the meeting and if no member of the Board of Commissioners is
present, the meeting shall be chaired by a person selected by and from those present and the
summons shall be served based on the provisions contained in Article&nbsp;13 hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the General Meeting of Shareholders referred to in paragraph 10 of this Article is not
held within forty-five (45)&nbsp;days upon the suspension, the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>suspension shall be automatically null and void by law and the person(s) concerned shall be
entitled to resume his / their former position.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BOARD OF COMMISSIONERS MEETING</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;21</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any resolutions of the Board of Commissioners shall be passed in a Board of Commissioners
meeting, to which the Board of Commissioners may invite the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting may be held at least once in a month or at any time deemed
necessary by one or more members of the Board of Commissioners or at the written request of
the Board of Directors meeting or at the request of one (1)&nbsp;or more shareholders holding at
least one tenth (1/10) of the total number of shares with valid voting rights.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to a Board of Commissioners meeting shall be served in writing by the President
Commissioner or by a member of the Board of Commissioners appointed by the President
Commissioner.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to a Board of Commissioners Meeting shall be served to each member of the
Commissioners by registered mail or hand-delivered against a proper receipt or by facsimile or
any other electronic media, which shall be immediately confirmed by registered mail at least
three (3)&nbsp;days and in any urgent case at least one (1)&nbsp;day prior to the meeting without
calculating the date of summons and the date of meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the Meeting as referred to in paragraph 3 of this Article shall contain the
agenda, date, time and place of the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting shall be considered valid if it is held in the Company&#146;s
domicile or at the place of its main business activity in the territory of the Republic of
Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting held in a place other than that specified in paragraph 5 of
this Article shall be considered valid and may pass resolutions, if it is held within the
territory of the Republic of Indonesia and attended by all members of the Board of
Commissioners.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the meeting shall not be required if all members of the Board of Commissioners
are present in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting may be held by video conference or any other means that
enables all meeting participants to hear each other and participate in the Meeting and
pursuant thereto, all participants shall be considered present to determine the fulfillment of
the required quorum and voting or resolutions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Minutes for a Board of Commissioners meeting held by video conference or any other similar
types of communication means shall be prepared in writing and circulated to all
participating members of the Board of Commissioners to be examined and approved.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting shall be presided over by the President Commissioner, in
case the President Commissioner is unable to be present or prevented, of which impediment no
evidence to any third party shall be required, the meeting shall be presided over by another
member of the Board of Commissioners appointed by and from amongst members of the Board of
Commissioners present.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A member of the Board of Commissioners may be represented in a Board of Commissioners meeting
only by another member of the Board of Commissioners by virtue of power of attorney especially
made for such a purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting shall be authorized and entitled to pass binding resolutions
only if more than a half (1/2) of members of the Board of Commissioners are present or
represented in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any resolutions in a Board of Commissioners meeting shall be passed in deliberation for a
consensus.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing such mode of settlement, the resolutions shall be passed by voting based on the
majority affirmative votes of the total votes cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In a tie vote, the meeting Chairman shall have a casting vote with due observance of the
provision on accountability referred to in Article&nbsp;20 paragraph 3 hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each member of the Board of Commissioners shall be entitled to cast one (1)&nbsp;vote plus one (1)
extra</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>vote for another member of the Board of Commissioners he so represents.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Voting on individuals shall be conducted by unsigned folded ballots, while on any other
matters shall be verbally, unless the meeting Chairman decides otherwise without any objection
based on the majority votes of the meeting participants.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any member of the Board of Commissioners who is present or represented in the meeting shall
give or cast vote.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case a member of the Board of Commissioners does not give any vote (being abstain), such
member of the Board of Commissioners shall observe and be responsible for any resolution of
the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Invalid votes shall be considered non-existent and shall not be counted to determine the
number of votes cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">20.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In any Board of Directors meeting, meeting minutes containing any matters discussed,
including statement of disapproval / dissenting opinions among members of the Board of
Directors, if any, and any resolved matters shall be prepared.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">21.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The meeting minutes as referred to in paragraph 20 of this Article shall be signed by the
meeting Chairman and a member of the Board of Commissioners present in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">22.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The resolutions may also be passed in lieu of a Board of Commissioners meeting, provided,
however, that all members of the Board of Commissioners have been notified regarding the
proposed resolutions and all members of the Board of Commissioners have given their approval
as evidenced by their signed consent.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The resolutions passed in such a manner shall have the same legal force and effect as
resolutions validly passed in a Board of Commissioners meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">23.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Board of Commissioners meeting, in miscellaneous items of the agenda, shall not be entitled
to pass any resolutions, unless all members of the Board of Commissioners or their authorized
representatives are present and approve the additional items of meeting agenda.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>COMPANY&#146;S WORK PROGRAM AND BUDGET</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;22</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall prepare the Company&#146;s Work Program and Budget for each financial
year, at least containing:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s mission, business target, business strategy, policy and
work/activity program;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s budget specified in details with respect to each work/activity
program budget;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The financial projection of the Company and its subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The work program of the Board of Commissioners.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The design of the Company&#146;s Work Program and Budget signed by all members of the Board of
Directors shall be submitted by the Board of Directors to the Board of Commissioners no later
than sixty (60)&nbsp;days before the relevant financial year of the Company&#146;s Work Program and
Budget in order to obtain the Board of Commissioners&#146; approval.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The design of the Company&#146;s Work Program and Budget shall be approved by the Board of
Commissioners no</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>later than December prior to the commencement of the Company&#146;s new financial year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the design of the Company&#146;s Work Program and Budget has not yet been submitted by the
Board of Directors and/or the Company&#146;s Work Program and Budget has not yet been approved
within the period as referred to in paragraph 3 of this Article, the Company&#146;s Work Program
and Budget of the preceding year shall apply.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall prepare the Company&#146;s business activity plan for the next five
(5)&nbsp;years articulated in the Company&#146;s Long-Term Plan (RJPP)&nbsp;and submitted to the Board of
Commissioners for approval.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any change of the Company&#146;s Long-Term Plan (RJPP)&nbsp;shall be made by the Board of Directors
according to the business development and/or a change of assumption, to be subsequently
submitted to the Board of Commissioners for approval.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FINANCIAL YEAR AND ANNUAL REPORT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;23</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s financial year shall commence from the first (1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>) day of January
and end on the thirty-first (31<SUP style="font-size: 85%; vertical-align: text-top">st</SUP>) day of December of the same year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the end of December each year, the Company&#146;s books shall be closed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall submit an annual report to a General Meeting of Shareholders
after review by the Board of Commissioners within no later than six (6)&nbsp;months after the
Company&#146;s financial year ends, based on the laws and regulations, it then shall be signed by
all incumbent members of the Board of Directors and incumbent members of Board of
Commissioners in the relevant financial year to be submitted to and to obtain the approval and
ratification in the Annual General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case there are any members of the Board of Directors and Board of Commissioners who do not
sign the annual report, they shall specify the reasons in writing, which shall be stated by
the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Board of Directors in a separate letter attached to the annual report.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case there are any members of the Board of Directors or Board of Commissioners who do not
sign the annual report as referred to in paragraph 2 of this Article and not give the reasons
in writing, they shall be considered approving the content of the annual report.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The annual report audited by a Public Accountant registered in the Capital Market and
Financial Institution Supervisory Agency should have been made available in the Company&#146;s
Office no later than the date of summons to the Annual General Meeting of Shareholders to be
examined by the shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall announce the balance sheet and profit and loss statement in two (2)&nbsp;daily
newspapers in the Indonesian language having wide circulation in the territory of the Republic
of Indonesia based on the provisions of the laws and regulations in capital market and the law
of limited liability companies.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Annual Report as referred to in paragraph 2 shall contain at least:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the financial statements consisting of the balance sheet of the end of
financial year that has just passed in comparison with that of the preceding financial
year, profit and loss statement of the relevant financial year, cash flow statement,
and statement of equity change, and note on the financial statements;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the report on the Company&#146;s activities;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the report of implementation of Social and Environment Responsibilities, and
Partnership and Environment Advancement Program (if any);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the detailed problems arising during the financial year that affect the
Company&#146;s business activity;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the report on the supervisory duties assumed by the Board of Commissioners
during the financial year that has just passed;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the names of members of the Board of Directors and members of the Board of
Commissioners;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the salaries and allowances/facilities for members of the Board of Directors
and members</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of the Board of Commissioners of the Company for the year that has just passed.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REPORTING</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;24</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall prepare and submit to the Board of Commissioners periodical
reports containing the implementation of the Company&#146;s Work Program and Budget.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The periodical reports referred to in paragraph (1)&nbsp;of this Article cover monthly reports,
quarterly reports and annual reports.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Besides the periodical reports as referred to in paragraph (2)&nbsp;of this Article, the Board of
Directors may also give special reports to the Board of Commissioners.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The periodical reports and any other reports referred to in paragraphs (1)&nbsp;and (3)&nbsp;of this
Article shall be submitted with the form, content and procedure of compilation based on the
provisions of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall submit quarterly reports to the Board of Commissioners no later
than</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>thirty (30)&nbsp;days upon expiration of the quarterly period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The quarterly reports as referred to in paragraph 5 of this Article shall be signed by all
members of the Board of Directors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case there are members of the Board of Directors who do not sign the quarterly reports
referred to in paragraph 6 of this Article, they shall specify the reasons in writing.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>APPROPRIATION OF PROFIT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;25</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall submit a proposal to an Annual General Meeting of Shareholders
regarding the appropriation of the Company&#146;s net profit in one financial year as specified in
the Financial Statements ratified by the Annual General Meeting of Shareholders. The proposal
may state the amount of net income that has not been distributed and will be appropriated as
reserve funds referred to in Article&nbsp;26 hereunder, and the proposal of the amount of dividends
that may be distributed, one</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>another without prejudice to the right of a General Meeting of Shareholders to decide
otherwise.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the Annual General Meeting of Shareholders does not decide any other appropriation,
the net profit shall, after deduction by the reserve funds required by the laws and
regulations and Articles of Association, be distributed as dividends.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The dividends referred to in paragraph 2 of this Article may be distributed only if the
Company has a positive profit balance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The dividend for one share shall be paid to the person in whose name the share is
registered in the Register of Shareholders on a workday to be prescribed by or on the
authority of a General Meeting of Shareholders in which a resolution for dividend
distribution is passed.
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The day of payment shall be announced by the Board of Directors to all shareholders.
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Article&nbsp;13 paragraph 2 shall apply mutatis mutandis to such announcement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the profit and loss account in a financial year indicates a loss unable to cover by the
reserve fund, the loss shall remain recorded and entered in</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the profit and loss account and in the following financial year the Company
shall be deemed to make no profit in so far the loss recorded and entered in
the profit and loss account has not been completely cover, as such without
prejudice to the provisions of the laws and regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">5.&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> The Company may distribute interim dividends
before the Company&#146;s financial year ends
based on a resolution of the Board of
Directors meeting at the approval of the
Board of Commissioners in consideration of
the projected profit earnings and the
financial capacity of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case after the financial year has ended the Company obviously suffers a
loss, any distributed interim dividends shall be refunded by the shareholders to the
Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors and Board of Commissioners shall be jointly and
severally responsibility for the Company&#146;s loss, in case the shareholders are unable
to refund the interim dividends.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company may give percentage of profits to members of the Board of Directors and Board of
Commissioners and bonuses to employees, in case the Company&#146;s performance increases as evident
from the passing of the prescribed target.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The percentage of profits given to members of the Board of Directors and Board of
Commissioners and the bonuses to employees may be given if they have been budgeted and
calculated as an expense.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the percentage of profits to members of the Board of Directors and Board of Commissioners
and bonuses to employees are not budgeted and not calculated as an expense in the current
year, the Company may give percentage of profits to members of the Board of Directors and
Board of Commissioners and bonuses to employees from the net profit.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The profit distributed as dividends left unclaimed within five (5)&nbsp;years after it is
available for payment shall be entered in the reserve fund especially allocated for such a
purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The dividends in the special reserve fund may be claimed by the entitled shareholders
before the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>period of 10&nbsp;years has lapsed by presenting the proof of their right to the dividends
acceptable to the Company&#146;s Board of Directors. Any dividends left unclaimed after such
period has lapsed shall accrue to the Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>APPROPRIATION OF RESERVE FUND</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;26</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company having the positive profit balance shall set aside a certain amount of the net
profit in each financial year to create a required reserve and any other reserves.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The allowance of net profit for the required reserve referred to in paragraph 1 of this
Article shall be conducted until the reserve has reached at least twenty (20%) percent of the
total subscribed and paid-up capital.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The required reserve referred to in paragraph 1 of this Article that has not reached the
amount referred to in paragraph 2 of this Article may be used only to cover the Company&#146;s loss
unable to cover by any other reserves.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the required reserve fund referred to in paragraph 1 of this Article has exceeded the
twenty percent (20%) amount, a General Meeting of Shareholders may decide that the excess of
the reserve fund be used for the Company&#146;s requirement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A part of the profit set aside for any other reserve fund shall be determined by a General
Meeting of Shareholders after having considered the Board of Directors&#146; proposal (if any)
with due observance of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall manage the reserve fund in order to generate a profit in a
manner it deems appropriate at the approval of the Board of Commissioners with due observance
of the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any interest and other profits earned from the reserve fund shall be entered in the Company&#146;s
profit and loss account.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDMENT TO ARTICLES OF ASSOCIATION</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;27</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amendment to the Articles of Association shall be decided by a General Meeting of
Shareholders.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The General Meeting of Shareholders with the agenda for amendment to the Articles of
Association may be held, if it is attended by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other
shareholders or their authorized proxies jointly representing at least two thirds (2/3) of the
total number of issued shares with voting rights, and the resolution shall be valid if it is
approved by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their authorized
proxies jointly representing at least two thirds (2/3) of the total number of votes cast in
the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The amendment to the Articles of Association shall be made in a Notarial deed in the
Indonesian language.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The amendment to the provisions of the Articles of Association pertaining to any change of
the Company&#146;s name and/or domicile, purpose and objective and business activity, duration,
amount of authorized capital, reduction of subscribed and paid-up capital, and/or alteration
to the Company&#146;s status from private to public Company or vice versa, shall be subject to the
approval of the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Minister having the duty and responsibility in Law and Human Rights affairs.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The amendment to articles of association not contained in a deed of meeting minutes drawn up
by a notary shall be articulated in a notarial deed no later than thirty (30)&nbsp;days effective
from the date of resolution of the General Meeting of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The request for approval of the amendment to articles of association and the notification on
the amendment to articles of association shall be submitted to the Minister having the duty
and responsibility in the Law and Human Rights affairs no later than thirty (30)&nbsp;days
effective from the date of notarial deed containing the amendment to the articles of
association and registered at the Companies Registry.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any amendment to Articles of Association other than those concerning the matters specified in
paragraph 4 of this Article shall be adequately notified by the Board of Directors to the
Minister having the duty and responsibility in the Law and Human Rights affairs.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the quorum of attendance as referred to in paragraph 2 of this Article, at
the earliest ten (10)&nbsp;days and at the latest twenty-one (21)&nbsp;days after the first meeting, a
second meeting may be held with the same agenda and the same conditions as those required for
the first meeting, except for the quorum of attendance and period of summons that shall be
served no later than seven (7)&nbsp;days prior to the second meeting without calculating the date
of summons and the date of meeting and with respect to the summons to the meeting, no prior
notice/announcement shall be required.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The second meeting as referred to in paragraph 8 of this Article shall be authorized and
entitled to pass resolutions, if the General Meeting of Shareholders is attended or
represented by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their authorized
proxies jointly representing at least three fifths (3/5) of the total number of shares with
voting rights, and the resolution shall be valid if it is approved by the Holder of &#145;A&#146;
<I>Dwiwarna </I>share and any other</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shareholders or their authorized proxies jointly representing at least two thirds (2/3) of
the total number of votes validly cast in the meeting.
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the second meeting quorum, a third meeting may be held at the Company&#146;s
request with the quorum of attendance, number of votes to pass resolutions, summons and
time to hold the Meeting to be determined by the authorized agency based on the laws and
regulations.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The resolution regarding capital reduction shall be informed in writing to the Company&#146;s
entire creditors and announced by the Board of Directors in the State Gazette of the Republic
of Indonesia and in at least two (2)&nbsp;daily newspapers in the Indonesian language having wide
circulation in the territory of the Republic of Indonesia and in one (1)&nbsp;daily newspaper in
the English language no later than seven (7)&nbsp;days as of the date of resolution on capital
reduction.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>MERGER, CONSOLIDATION, ACQUISITION, SEPARATION</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;28</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With due observance of the provisions of the laws and regulations in Capital Market in
Indonesia, a merger, consolidation, acquisition and separation may be conducted only based on
a resolution of a General Meeting of Shareholders attended by the Holder of &#145;A&#146; <I>Dwiwarna </I>share
and any other shareholders or their authorized proxies jointly representing at least three
fourths (3/4) of the total number of shares with voting rights and the resolution shall be
approved by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their authorized
proxies jointly representing at least three fourths (3/4) of the total number of votes validly
cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the prescribed quorum in the meeting referred to in paragraph 1, at the
earliest ten (10)&nbsp;days and at the latest twenty-one (21)&nbsp;days after the first meeting, a
second meeting may be held in the same manner as that of the first meeting. The summons to
the meeting shall be served no later than seven (7)&nbsp;days prior to the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>second meeting excluding the date of summons and the date of meeting and with respect to
the summons to the meeting, no prior notice/announcement shall have been served and the
second meeting shall be attended by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other
shareholders or their authorized proxies jointly representing at least two thirds (2/3) of
the total number of shares with voting rights and the resolution shall be approved by the
Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their authorized proxies jointly
representing at least three fourths (3/4) of the total number of votes cast in the meeting.
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the second meeting quorum, a third meeting may be held at the Company&#146;s
request with the quorum of attendance, number of votes to pass resolutions, summons and
time to hold the Meeting to be determined by the authorized agency based on the laws and
regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors shall announce in at least one (1)&nbsp;daily newspaper in the Indonesian
language having wide circulation in the territory of the Republic of Indonesia and in one (1)
daily</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>newspaper in the English language the company&#146;s plan of merger, consolidation, acquisition
and separation at the latest thirty (30)&nbsp;days prior to the summons to the General Meeting
of Shareholders.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The merger, consolidation, acquisition, separation and alteration to the form of legal entity
shall be made in a Notarial deed in the Indonesian language.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The provision referred to in Article&nbsp;15 paragraph 1 point e on the prescription of quorum for
the third General Meeting of Shareholders shall mutatis mutandis apply to General Meetings of
Shareholders covered in this Article.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DISSOLUTION AND LIQUIDATION</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;29</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>With due observance of the provisions of the laws and regulations, the Company&#146;s dissolution
may be conducted only based on a resolution of a General Meeting of Shareholders attended by
the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their authorized proxies
jointly representing at least three fourths (3/4) of the total number of shares with voting
rights and the resolution shall</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>be approved by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their
authorized proxies jointly representing at least three fourths (3/4) of the total number of
votes validly cast in the meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing to reach the prescribed quorum in the meeting referred to in paragraph 1, at the
earliest ten (10)&nbsp;days and at the latest twenty one (21)&nbsp;days after the first meeting, a
second meeting may be held with the same agenda as the first meeting&#146;s.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The summons to the meeting shall be served no later than seven (7)&nbsp;days prior to the second
meeting excluding the date of summons and the date of meeting and with respect to the summons
to the meeting, no prior notice/announcement shall have been served and the second meeting
shall be attended by the Holder of &#145;A&#146; <I>Dwiwarna </I>share and any other shareholders or their
authorized proxies jointly representing at least two thirds (2/3) of the total number of
shares with voting rights and the resolution shall be approved by the Holder of &#145;A&#146; <I>Dwiwarna</I>
share and any other shareholders or</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>their authorized proxies jointly representing at least three fourths (3/4) of the total
number of votes validly cast in the meeting.<BR>
Failing to reach the second meeting quorum, a third meeting may be held with the quorum
requirement subject to the provision of Article&nbsp;15 paragraph 1 point e.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Company is dissolved, either due to the expiration of the duration or based on a
resolution of a General Meeting of Shareholders, or stated dissolved based on a Court&#146;s order,
liquidation shall be conducted by the liquidator.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Directors under the supervision of the Board of Commissioners shall act as the
liquidator, if in the resolution of a General Meeting of Shareholders or the order referred to
in paragraph 4 no liquidator is appointed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The fee for the liquidators shall be determined by the General Meeting of Shareholders or
based on a Court&#146;s order.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The liquidator shall register at the Companies Registry, announce in the State Gazette and in
two (2)&nbsp;daily newspapers in the Indonesian language</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>having wide circulation in the territory of the Republic of Indonesia and in one (1)&nbsp;daily
newspaper in the English language at the discretion of the Directors and notify the
creditors pertaining thereto and report to the competent authority and the Capital Market
and Financial Institution Supervisory Agency based on the laws and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Articles of Association as contained in this deed and their subsequent amendments shall
remain valid until the date of ratification of the liquidation accounts by a General Meeting
of Shareholders based on the majority affirmative votes validly cast and the giving of full
acquittal and discharge to the liquidators.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The remaining liquidation accounts shall be distributed to the shareholders, who will
respectively receive the portions proportionate to the total par value fully paid for the
shares in their respective possessions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The party conducting the liquidation shall also be required to announce the planned
distribution of remaining assets after the liquidation in at least</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>two (2)&nbsp;daily newspapers in the Indonesian language having wide circulation in the
territory of the Republic of Indonesia and in one (1)&nbsp;daily newspaper in the English
language and in the State Gazette of the Republic of Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case the Company is dissolved, the Company may not take legal actions, unless required for
settlement of its assets in the liquidation process.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The settlement action referred to in paragraph 11 of this Article shall include:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Recordation and gathering of the Company&#146;s assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Designing the procedure of assets distribution;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payment to the creditors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payment of the remaining assets after liquidation to the General Meeting of
Shareholders; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Other measures required to take with respect to the assets settlement.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONFLICT OF INTERESTS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;30</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To take any legal actions in the form of transactions containing conflict of interests
between the personal economic interest of members of the Board of Directors, Board of
Commissioners or shareholders and the Company&#146;s economic interest, the Board of Directors
requires the approval of a General Meeting of Shareholders as referred to in Article&nbsp;15
paragraph 8.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">2.</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of any matters in which the Company&#146;s interest is in conflict with the personal
interest of any member of the Board of Directors, the Company shall, at the approval of the
Board of Commissioners, be represented by another member of the Board of Directors.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the conflict of interests concerns the entire members of the Board of
Directors, the Company shall be represented by the Board of Commissioners or by a
member of the Board of Commissioners appointed by a Board of Commissioners meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the conflict of interests concerns the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>entire members of the Board of Directors or Board of Commissioners, the Company
shall be represented by another party appointed by a General Meeting of
Shareholders; one another without prejudice to the provision in paragraph 1 of this
Article.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SHAREHOLDERS&#146; RESIDENCES</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;31</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">With respect to any matters pertaining to Shareholders being the affairs of the Company, the
Shareholders shall be considered residing in addresses recorded in the Register of Shareholders
referred to in Article&nbsp;7 hereof.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONCLUDING PROVISIONS<BR>
Article&nbsp;32</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Provided that it is not separately covered in these Articles of Association, the Law of Limited
Liability Companies and any other laws and regulations including regulations in Capital Market
shall prevail. Any matters that are not provided or are inadequately covered in these Articles of
Association shall be decided by a
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">General Meeting of Shareholders.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
Further, the appearer acting as such states and confirms that at the time of adjustment to these
articles of association:</TD>
</TR></TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">I.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>The composition of shareholders of the Company</U>, shall be as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>THE REPUBLIC OF INDONESIA</B>, one (1) &#145;A&#146; Dwiwarna Share and ten billion three
hundred and twenty million four hundred and seventy thousand seven hundred and eleven
(10,320,470,711) &#145;B&#146; shares, having an aggregate par value of two trillion five
hundred and eighty billion one hundred and seventeen million six hundred and
seventy-seven thousand seven hundred and fifty Rupiah (Rp. 2,580,117,677,750.-);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PUBLIC</B>, nine billion four hundred and twenty-nine million four hundred and
seventy-seven thousand five hundred and sixty-eight (9,429,477,568) &#145;B&#146; shares, having
an aggregate par value of two trillion three hundred and fifty-seven billion three
hundred and sixty-nine million three hundred and ninety-two thousand
Rupiah (Rp. 2,357,369,392,000.-)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The treasury stock of four hundred and ten million fifty-one thousand
(410,051,000) &#145;B&#146; shares, having an aggregate par value of one</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>hundred and two billion
five hundred and twelve million seven hundred and fifty thousand Rupiah (Rp,
102,512,750,000.-).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">II.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>The composition of members of Board of Commissioners and Board of
Directors of the Company</U> shall be as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">

<TD nowrap align="left" style="border-bottom: 0px solid #000000"><U><B>THE
BOARD OF COMMISSIONERS:</B></U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;President Commissioner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;TANRI ABENG</B>, born
in Selayar, on the
seventh day of March
one thousand nine
hundred and forty-two
(7-3-1942),
Indonesian National,
private person,
residing in Jakarta,
at Simprug Golf III/3
A, Kelurahan Grogol
Selatan,
Kecamatan Kebayoran Lama,
South Jakarta, holder of
Resident Identity Card (KTP)
number: 09.5305.070342.0147;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Commissioner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;ANGGITO ABIMANYU</B>, born in
Bogor, on the nineteenth day of
February one thousand nine hundred
and sixty-three (19-2-1963),
Indonesian National, private
person, residing in Jakarta, at
Jalan Cipete number: 8, Kelurahan
Cipete Selatan, Kecamatan Cilandak,
South Jakarta, holder of Resident
Identity Card (KTP)&nbsp;number: 09.5006.190263.2004;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Commissioner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;MAHMUDDIN YASIN</B>, born in
Jakarta, on the twelfth day of July
one thousand nine hundred and
fifty-four (12-7-1954), Indonesian</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">National, private person, residing
in Jakarta, at Komplek Ditjen
Moneter D20, Kelurahan Kelapa Dua,
Kecamatan Kebon Jeruk, West
Jakarta, holder of Resident
Identity Card (KTP)&nbsp;number:
09.5205.120754.0043;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Independent Commissioner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;ARIF ARRYMAN</B>, born in Bukit
Tinggi, on the third day of
February one thousand nine hundred
and fifty-six (3-2-1956),
Indonesian National, private
person, residing in Jakarta, at Jalan
Swadaya number: 24 D, Kelurahan Duren
Tiga, Kecamatan Pancoran, South Jakarta,
holder of</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Resident Identity Card (KTP)
number: 09.5007.030256.0024;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Independent Commissioner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;PETRUS SARTONO</B>, born in Solo,
on the sixteenth day of June one
thousand nine hundred and
forty-four (16-6-1944), Indonesian
National, private person, residing
in Bandung, at Jalan Jati Indah IV
number: 2, Kelurahan Gumuruh,
Kecamatan Batununggal, Bandung,
West Java, holder of Resident
Identity Card (KTP)
number: 1050101606440003;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U>THE BOARD OF DIRECTORS:</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;President Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;RINALDI FIRMANSYAH</B>,
born in Tanjung Pinang,</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">on the tenth day of June
one thousand nine hundred
and sixty (10-6-1960),
Indonesian National,
employee, residing in
Jakarta, at Jalan
Cibitung number: 22,
Kelurahan Petogogan,
Kecamatan Kebayoran Baru,
South Jakarta, holder of
Resident Identity Card
(KTP)&nbsp;number:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">09.5307.100660.0150;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;I NYOMAN GEDE
WIRYANATA</B>, born in
Denpasar, on the twenty-
first day of November one
thousand nine hundred and
fifty-nine (21-11-1959),
Indonesian National, employee,
residing in Medan, at</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jalan Mongonsidi number: 8, Kelurahan Anggrung, Kecamatan Medan
Polonia, Medan, North Sumatra, holder
of Resident Identity Card (KTP)
number: 02.5018.211159.0002;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;ERMADY DAHLAN</B>, born in Payakumbuh, on
the eighth day of April one thousand nine
hundred and fifty-three (8-4-1953),
Indonesian National, Employee of Telkom,
residing in Jakarta, at Tebet Timur
Raya number: 8 A, Kelurahan Tebet Timur,
Kecamatan Tebet, South Jakarta, holder of
Resident Identity Card (KTP)&nbsp;Number:</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">09.5004.080453.0319;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;ARIEF YAHYA</B>, born in Banyuwangi, on the
second day of April one thousand nine
hundred and sixty-one (2-4-1961), Indonesian
National, employee, residing in Bandung, at
Komplek Bougenville F.6, Kelurahan Antapani
Kidul, Kecamatan Cicadas, Bandung, West
Java, holder of Resident Identity Card
(KTP)&nbsp;number: 1050170204610002;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;SUDIRO ASNO</B>, born in Indramayu, on the
ninth day of August one thousand nine
hundred and fifty-seven (9-8-1957), Indonesian</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">National, Employee of State-Owned
Enterprise, residing in Bandung, at Jalan
Rancakendal number: 8 A, Kelurahan Cigadung,
Kecamatan Cibeunying Kaler, Bandung, West
Java, holder of Resident Identity Card
(KTP)&nbsp;number: 1050250908575001;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;FAISAL SYAM</B>, born in Medan, on the
twenty-sixth day of February one thousand
nine hundred and fifty-six
(26-2-1956), Indonesian National, Employee
of Limited Liability Company Telkom,
residing in Bogor, at Bogor Baru &#151; Block A 9
number: 3,</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kelurahan Tegallega, Kecamatan Bogor Tengah, Bogor, West Java,
holder of Resident Identity Card
(KTP)&nbsp;number: 10.5103.260256.0002;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Mr.&nbsp;INDRA UTOYO</B>, born in Bandung, on the
seventeenth day of February one thousand
nine hundred and sixty-two (17-2-1962),
Indonesian National, Employee of State-Owned
Enterprise, residing in Bandung, at Jalan
Rangkas Bitung number: 5, Kelurahan Kebon Waru, Kecamatan Batu Nunggal,
Bandung, West Java, holder of
Resident Identity Card (KTP)&nbsp;number:</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1050101702620003;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">the aforementioned <B>Mr.&nbsp;PRASETIO;&#148;</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
Finally, the appearer always acting as such states that he hereby confers power on Mr.&nbsp;MARATUA,
born in Padang Sidempuan, on the first day of January one thousand nine hundred and seventy-two
(1-1-1972), Indonesian National, Employee of Notary&#146;s Office, residing in Jakarta, at Jalan Tahi
Bonar Simatupang, Rukun Tetangga 011, Rukun Warga 003, Kelurahan Susukan, Kecamatan Ciracas, East
Jakarta, holder of Resident Identity Card (KTP)&nbsp;number: 09.5103.010172.0900, and
both jointly and severally with the right of substitution are authorized to apply for approval of
the amendment to articles of association contained in this deed to Minister of Law and Human Rights
Indonesia and to register it at the Companies Registry as well as to announce it in the State
Gazette of the Republic of Indonesia pursuant to the prevailing laws and regulations and to prepare
amendments and/or additions in whatever form which may be called for and required by the competent
authorities in order to obtain the approval and
</TD>
</TR></TABLE></DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">for such purposes to submit the applications, sign
the applications and other deeds and documents, to choose domicile and further to perform any acts
required, nothing exempted.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
this deed is concluded at fifteen hundred hours Western Indonesia Standard Time (15:00 WIB);</TD>
</TR></TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>IN WITNESS WHEREOF;</B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
This deed is made and executed in Jakarta, on the day and date mentioned in the preamble of this
deed outside the office of mine, Notary, at Compliance and Risk Management Room of the Company,
Graha Citra Caraka Floor 1, Jalan Gatot Subroto Kaveling 52, South Jakarta, in the presence of:
</TD>
</TR></TABLE></DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
 <B>Mr.&nbsp;TAUFIK SURINEGARA NATASUBRATA</B>, Sarjana Hukum, Master of Notarial Affairs, born in
Paramaribo Suriname, on the twenty-first day of March one thousand
nine hundred and seventy-eight (21-3-1978), Indonesian National, residing in
Jakarta, at Jalan Cikajang number: 47, Kelurahan Petogogan, Kecamatan Kebayoran
Baru, South Jakarta, holder of Resident Identity Card (KTP)&nbsp;number:
09.5301.210378.0286; and</TD>
</TR></TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
 <B>Mr.&nbsp;FADHLI ARPIN</B>, Sarjana Hukum, born in Painan, on
the</TD>
</TR></TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">second day of February one thousand nine hundred
and eighty-three (2-2-1983), Indonesian National,
residing in Bogor, at Atsiri Permai, Jalan Kenanga
VIII/22, Kelurahan Ragajaya, Kecamatan Bojong Gede,
Bogor Regency, Resident Registration Number:
3201130202830003, temporarily staying in Jakarta;
both are employees of Notary&#146;s office, as witnesses.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
The minute of this deed having been duly read out by me, Notary, to the appearer and witnesses is
immediately signed by the appearer, witnesses and by me, Notary.</TD>
</TR></TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>
Done with two alterations, namely two deletions with substitutions.</TD>
</TR></TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Signed by
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Mr.&nbsp;PRASETIO;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Mr.&nbsp;TAUFIK S. NATASUBRATA, SH, MKn.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Mr.&nbsp;FADHLI ARPIN, SH</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Mr.&nbsp;Dr.&nbsp;A PARTOMUAN POHAN, SH., LL.M.;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>&#149;</B>&nbsp;&nbsp;&nbsp;ISSUED AS A TRUE COPY.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">Notary in Jakarta

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Translated from the Indonesian text by Kintawati Purnomo, S.Pd., an authorized and sworn translator<BR>
appointed under decision No.1820 of 1999 of the Governor of DKI Jakarta.</B>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>3
<FILENAME>u00157exv4w1.htm
<DESCRIPTION>EX-4.1 SHARES SALE AND PURCHASE AGREEMENT BETWEEN TROZENIN MANAGEMENT PLC (MALAYSIA), PT SIGMA CITRA HARMONI AND PT MULTIMEDIA NUSANTARA DATED AS OF DECEMBER 18, 2007.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.1 Share Sales and Purchase Agreement</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit 4.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DATED 18 December&nbsp;2007</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><b>PT Sigma Citra Harmoni<BR>
and<BR>
Trozenin Management Plc</b>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><b>as
THE VENDORS</b>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><b>PT Multimedia Nusantara<BR>
as THE PURCHASER</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><b>AGREEMENT FOR THE<BR>
SALE AND PURCHASE OF SHARES</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>CONTENTS</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Clause Headings</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#101">1.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#101">DEFINITIONS AND INTERPRETATION
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#102">2.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#102">SALE OF SALE SHARES
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#103">3.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#103">PURCHASE PRICE
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#104">4.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#104">CONDITIONS</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#105">5.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#105">COMPLETION
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#106">6.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#106">RESTRICTION ON VENDORS</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#107">7.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#107">WARRANTIES</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#108">8.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#108">COVENANT IN RESPECT OF TAX</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#109">9.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#109">THE PURCHASER&#146;S REMEDIES</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#110">10.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#110">RESTRICTION ON ANNOUNCEMENTS
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#111">11.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#111">PRE-COMPLETION OBLIGATIONS</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#112">12.</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#112">CONFIDENTIALITY OF INFORMATION RECEIVED
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#113">13.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#113">COSTS
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#114">14.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#114">GENERAL
</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#115">15.</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#115">NOTICES</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#116">16.
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><A href="#116">GOVERNING LAW AND ARBITRATION</A></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 1 Details of the Company
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 2 The Subsidiaries
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 3 The Properties
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 4 Warranties
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 5 Disclosure Letter
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 6 Software
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCHEDULE 7 Key Individuals
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AGREEMENT FOR THE SALE AND PURCHASE OF SHARES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>THIS
AGREEMENT </B>is made on 18 December&nbsp;2007</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>BETWEEN:</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Sigma Citra Harmoni, </B>a company incorporated under Indonesian law whose
registered office is at Sigma Inno Office, Menara DEA, 8<sup>th </sup>Floor, Kawasan Mega
Kuningan, Jalan Mega Kuningan Barat IX, Kavling E4.3 No.&nbsp;1, Jakarta 12950, in this
matter represented by Mr.&nbsp;Otto Toto Sugiri, its President
Director (<B>&#147;SCH&#148;</B>).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Trozenin Management Plc, </B>a company incorporated under Malaysian law whose
principal place of business is at Tiara Labuan, Jalan Tanjung Ratu 87000, FT
Labuan, East Malaysia, in this matter represented by Mr.&nbsp;Eko A.I. Basyuni, its proxy
(<B>&#147;Trozenin&#148;</B>).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SCH and Trozenin shall individually be referred to as a <B>&#147;Vendor&#148; </B>and collectively the
<B>&#147;Vendors&#148;</B>.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Multimedia Nusantara, </B>company incorporated under Indonesian law whose
registered office is at Century Tower, 11<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Jl. H.R. Rasuna Said, Kav.
X-2, No.
4, Jakarta 12950, in this matter represented by Alex J. Sinaga, its President Director
(the <B>&#147;Purchaser&#148;</B>).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>RECITALS:</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors are the registered holders and owners of 48,800,983 shares
representing 90.79% of the total issued shares in the capital of PT
Sigma Cipta Caraka (the <B>&#147;Company&#148;</B>). Particulars of the Company are set out in Schedule&nbsp;1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors wish to sell and the Purchaser wishes to purchase 43,001,348 shares
representing 80% of the total issued shares in the capital of the
Company (the <B>&#147;Sale Shares&#148;</B>) on the terms and conditions set out in this Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>THE PARTIES AGREE as follows:</B>
</DIV>

<DIV align="left">
<A name="101"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>DEFINITIONS AND INTERPRETATION</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In this Agreement, including the Recitals, except to the extent that the context otherwise
requires, the following words and expressions shall have the following meanings:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Accounting Date&#148; </B>means 31 March&nbsp;2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Accounts&#148;</B> means the audited consolidated financial statements of the Company and of each
of the Subsidiaries for the accounting period which ended on the Accounting Date (each
such financial statement comprising a balance sheet, statement of income, statement of
changes in equity, statement of cash flows, notes and directors&#146; and auditors&#146; report) and
the consolidated statements of income and</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>consolidated balance sheet of the Company and the Subsidiaries as at and for the period
ending on the Accounting Date as audited by Purwantono, Sarwoko &#038; Sandjaja (a member of
Ernst &#038; Young Global);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Agreed US$-Rp Exchange Rate&#148; </B>means the conversion rate based on the US$-Rp middle rate
issued by Bank Indonesia on the day being five (5)&nbsp;Business Days before the Completion
Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Authorisation&#148; </B>includes any consent, registration, filing, agreement, notarisation,
certificate, licence, approval, permit, authority or exemption from, by or with a
Governmental Agency;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;BKPM&#148; </B>means the Capital Investment Coordinating Board (<I>Badan Koordinasi Penanaman Modal</I>);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Business Day&#148; </B>means any day, other than a Saturday or a Sunday, on which banks are open
for business in Jakarta;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Commissioners&#148; </B>means the persons listed as commissioners of the Company in Schedule 1;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Company&#148; </B>means PT Sigma Cipta Caraka details of which are set out in Schedule 1;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Company Law&#148; </B>means the Law of the Republic of Indonesia No.&nbsp;40 of 2007 on Limited
Liability Companies;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Completion&#148; </B>means completion of the sale and purchase of the Sale Shares as specified in
Clause 5;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Completion Date&#148; </B>means the date being five (5)&nbsp;Business Days after the Conditions have
been satisfied or waived in accordance with Clause 4 (or such later date as the Parties
may agree in writing);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Conditions&#148; </B>means the conditions specified in Clause 4.1;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Directors&#148; </B>means the persons listed as directors of the Company in Schedule 1;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Disclosure Letter&#148; </B>means the disclosure letter from the Vendors to the Purchaser as set
out in Schedule&nbsp;5;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Employee Waivers&#148; </B>means waivers, in a form and substance satisfactory to the Purchaser,
from each of the Specified Employees waiving all demands, rights to and entitlements under
the Labor Law and regulations, any company regulations or any collective labor agreement
with the Company which may arise as a result of the consummation of the transactions
contemplated by this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Encumbrance&#148; </B>means any mortgage, charge (fixed or floating), pledge, lien, Option, right
to acquire, assignment by way of security or trust arrangement for the purpose of
providing security or other security interest of any kind (including any retention
arrangement), right of pre-emption, any third party rights, or any agreement to create any
of the foregoing;</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Governmental Agency&#148; </B>includes any government, BKPM and any minister, department, office,
commission, delegate, instrumentality, agency, board, authority or other organ of government,
whether statutory or otherwise;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Group&#148; </B>means the group of companies comprising the Company and its Subsidiaries. The expression
&#147;member of the Group&#148; shall be construed accordingly;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;IFC&#148; </B>means International Finance Corporation, the holder of 4,950,701 shares representing 9.21%
of the total issued shares in the capital of the Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Indonesia&#148; </B>means the Republic of Indonesia;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Intellectual Property&#148; </B>means includes patents, knowhow, trade secrets, copyrightable work and
other confidential information, registered designs, copyrights, design rights, topography rights,
trade marks, service marks, business names, registrations of and applications to register any of
the aforesaid items, rights in the nature of any of the aforesaid items in any country, rights in
the nature of unfair competition rights and rights to sue for passing off;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;IPO&#148; </B>means the Initial Public Offering of the shares of the Company on the Indonesia Stock
Exchange;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Jamsostek&#148; </B>means the employees&#146; social security scheme as governed by Law No.&nbsp;3 of 1992 regarding
the <I>Jaminan Sosial Tenaga Kerja</I>;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Key Individuals&#148; </B>means the individuals whose names are mentioned in Schedule&nbsp;7;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Labor Law&#148; </B>means Law No.&nbsp;13 of 2003 on Labor;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Leases&#148; </B>means all the leases, sub-leases, tenancy agreements, sub-tenancy agreements, licences or
other documents (including any options for extension relating thereto) granted or agreed to be
granted to any member of the Group&#093; or pursuant to which any member of the Group holds or occupies
any property, details of which are set out in Schedule&nbsp;3;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Leased Properties&#148; </B>means the properties short particulars of which are set out in Part&nbsp;2 of
Schedule&nbsp;3;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Management Accounts&#148; </B>means the unaudited consolidated balance sheet of the Company and the
Subsidiaries as at 30&nbsp;November&nbsp;2007 and the unaudited consolidated profit and loss account of the
Company and of each of the Subsidiaries for the period commencing from the day immediately
following the Accounting Date and ending on 30 November&nbsp;2007 copies of which are annexed to the
Disclosure Letter;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;MOLHR&#148; </B>means the Ministry of Law and Human Rights of the Republic of Indonesia;</TD>
</TR>

</TABLE>
</DIV>


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</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Moral Rights&#148; </B>means the rights of an author of a copyright literary, dramatic, musical or artistic
work or other intellectual works or a director of a copyright film (&#147;Work&#148;) to be identified as the
author or director (as the case may be) of the Work, not to have the Work subjected to derogatory
treatment and not to have a Work falsely attributed to him as the author or director (as the case
may be), and rights in the nature of the aforesaid rights in any country;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Non Compete Agreement&#148; </B>means the agreement setting out the restrictions applicable to each of the
Key Individuals containing the terms and conditions the same as those provided under Clause 6 of
this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Option&#148; </B>means with respect to any person, any option, warrant or other security or contract that
gives the holder the right to purchase or otherwise receive or be issued any shares of capital
stock of such person or any security of any kind convertible into or exchangeable or exercisable
for any shares of capital stock of such person;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Owned Properties&#148; </B>means the properties, short particulars of which are set out in Part&nbsp;1 of
Schedule&nbsp;3;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Parties&#148; </B>means the named parties to this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Post Completion Agreement&#148; </B>has the meaning as ascribed to it in Clause 4.1 (m);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Properties&#148; </B>means the Owned Properties and the Leased Properties;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Purchase Price&#148; </B>means the total Purchase Price for the Sale Shares being the aggregate of the
sums specified in Clause 3;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Put Option Agreement&#148; </B>means Put Option Agreement dated 27 April&nbsp;2001 made by and between the
Company, PT Sigma Citra Harmoni, Caatoosee A.G and IFC;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Put Option Price&#148; </B>means the higher of (i)&nbsp;the value of the Company as determined by an
independent appraisal agreed by SCH and the Purchaser or (ii)&nbsp;the price determined by using the
following formula:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%"><FONT face="symbol">&#229;</FONT> Shares x 100% x Purchase Price per share x (1 &#043;l)^t
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">where:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%"><FONT face="symbol">&#229;</FONT>
Shares = the Put Option Shares;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">l = Reference Interest Rate, defined as the average historical Rupiah Indonesian
government bond yield maturing in 1&nbsp;year, as stated in Bloomberg terminal (page CURV 132)
for the period t.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">The Reference Interest Rate will be fixed at the end of business day Jakarta time at the
Exercise Date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">t = time in years between the Completion Date and Exercise Date; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">Exercise Date= the date of exercise of the put option.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Restricted Business&#148; </B>has the meaning as ascribed to it in Clause 6.1(a);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Sale Shares&#148; </B>means the 43,001,348 shares representing 80% of the total issued shares in the
capital of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Shareholders&#148; </B>means the existing shareholders of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Shareholders Agreement&#148; </B>means the Amended and Restated Shareholders Agreement of the
Company dated 27 April&nbsp;2001 including its amendment, alteration, and addendum made by and
between PT Sigma Citra Harmoni, PT Sigma Ratana Harmoni, Trozenin Management Plc, Caatoosee
AG IFC and the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Specified Employees&#148; </B>means the Directors, Commissioners and certain employees of the
Company holding Levels 1, 2 and 3 positions as further identified and agreed by the
Parties;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Subsidiaries&#148; </B>means the subsidiaries of the Company which are listed in Schedule&nbsp;2;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Tax&#148; </B>includes all forms of taxation, estate duties, deductions, withholdings, duties,
imposts, levies, fees, charges, social security contributions and rates imposed, levied,
collected, withheld or assessed by any local, municipal, regional, urban, governmental,
state, federal or other body in Indonesia or elsewhere and any interest, additional
taxation, penalty, surcharge or fine in connection therewith;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Tax Restitution Payment&#148; </B>means the actual amount of tax restitution that any member of the
Group receives from the tax office in relation to the objection(s) or appeal(s) that the
relevant company has on the date of this Agreement submitted to the tax office or tax
court;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Vendors&#146; Accounts&#148; </B>means a US$ denominated bank account and a Rupiah denominated bank
account designated by Trozenin and SCH respectively and informed in writing to the
Purchaser at the latest five (5)&nbsp;Business Days prior to Completion;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Warranties&#148; </B>means the representations, warranties and undertakings contained or referred
to in Clause 7 and Schedule&nbsp;4;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;Rp.&#148; </B>Means Indonesian Rupiah;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%"><B>&#147;US$&#148; </B>means United States Dollars.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any references, express or implied, to statutes or statutory provisions shall be
construed as references to those statutes or provisions as respectively amended or
re-enacted or as their application is modified from time to time by other provisions
(whether before or after the date hereof) and shall include any statutes or provisions
of which they are re-enactments (whether with or without modification) and any
orders, regulations, instruments or other subordinate legislation under the relevant
statute or statutory provision. References to Sections of consolidating legislation
shall, wherever necessary or appropriate in the context, be construed as including
references to the Sections of the previous legislation from which the consolidating
legislation has been prepared.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>References in this Agreement to Clauses and Schedules are to clauses in and
schedules to this Agreement (unless the context otherwise requires). The Recitals
and Schedules to this Agreement shall be deemed to form part of this Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Headings are inserted for convenience only and shall not affect the construction of
this Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The expression <B>&#147;the Vendors&#148; </B>includes their respective personal representatives
and the expression <B>&#147;the Purchaser&#148; </B>includes its successors and assigns.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>References to <B>&#147;persons&#148; </B>shall include bodies corporate, unincorporated
associations and partnerships (whether or not having separate legal personality).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>References to writing shall include any methods of reproducing words in a legible
and non-transitory form.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The masculine gender shall include the feminine and neuter and the singular
number shall include the plural and vice versa.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All warranties, representations, indemnities, covenants, agreements and obligations
given or entered into by more than one person are given or entered
into jointly and severally.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A document expressed to be <B>&#147;in the approved terms&#148; </B>means a document the terms
of which have been approved by or on behalf of the Parties and a copy of which
has been signed for the purposes of identification by or on behalf of those Parties or
will need to be approved by the Parties prior to Completion.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="102"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>SALE OF SALE SHARES</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement and the Parties&#146; rights and obligations set out under this Agreement is
conditional upon each Party (i)&nbsp;obtaining its relevant corporate approvals for it to enter
into this Agreement and perform its obligations hereunder and (ii)&nbsp;providing copies of such
corporate approvals to the other Party.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the terms of this Agreement, each of the Vendors shall sell a certain
number of their shares set opposite their names below or any other number of shares
agreed by the Parties provided that the total number of shares sold is 43,001,348
constituting 80% of the total issued and paid up shares of the Company and the
Purchaser shall purchase such shares, free from any Encumbrances and together with all
rights now or hereafter attaching to them, including all rights to any dividend or
other distribution declared, made or paid after the date of this Agreement (for the
avoidance of doubt, including any dividend or other distribution declared out of the
Company&#146;s profits made in the fiscal years prior to that ended on the Accounting Date).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="51%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Percentage</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">PT Sigma Citra Harmoni</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,457,855</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">28.758</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Trozenin Management Plc</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,543,493</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">51.242</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>TOTAL</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,001,348</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">80.000</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<A name="103"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>3.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>PURCHASE PRICE</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The total purchase price payable for the Sale Shares (and all rights and title to and
interest in the Sale Shares) shall be US$35,200,000 (thirty five million two
hundred thousand United States Dollars). Payment to Trozenin shall be made in
U5$. Payment to SCH shall be made in Rupiah at the Agreed US$-Rp Exchange
Rate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchase Price shall be payable upon the fulfilment of all conditions as
stipulated in Clause 4 and Clause 5.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Party shall be liable for their respective tax obligations pursuant to the
prevailing tax regulations. The Purchaser is entitled to withhold a portion of the
Purchase Price (in accordance to the applicable tax rate) otherwise payable to
Trozenin and shall remit the withheld amount to the relevant Indonesian tax
office.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left">
<A name="104"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>4.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>CONDITIONS AND PRE-COMPLETION MATTERS</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The sale and purchase of the Sale Shares is conditional upon:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Warranties remaining true and accurate and not misleading at
Completion as if repeated at Completion and at all times between the date of this Agreement and Completion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the shareholders of the Company have convened a general meeting of shareholders or executed a circular shareholders resolution which approves
(i)&nbsp;the transfer of the Sale Shares from the Vendors to the Purchaser, (ii)&nbsp;the
amendment to the Company&#146;s Articles of Association which, to the extent
possible, reflects the positions agreed in the Post Completion Agreement
and (iii)&nbsp;the changes to the composition of the Company&#146;s Board of
Directors and Board of Commissioners, as evidenced by minutes of
meeting of the Company shareholders or a signed circular shareholders
resolution in the form and substance satisfactory to the Purchaser;</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each of the Vendors having complied fully with the obligations specified in
Clauses 11.1 and 11.2 and otherwise having performed in all material
respects all of the covenants and agreements required to be performed by it
under this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approvals from BKPM in relation to (i)&nbsp;the transfer of Sale Shares from the
Vendors to the Purchaser, (ii)&nbsp;changes to the composition of the Company&#146;s
Board of Directors and Board of Commissioners, in the form and substance
satisfactory to the Purchaser and (iii)&nbsp;conversion of the Company into a non
PMA/PMDN company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an approval from and/or and receipt of report by the MOLHR in relation to
the amendment to the Company&#146;s Articles of Association as evidenced by
an approval letter and/or a letter acknowledging receipt of the report issued
by the MOLHR;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written consent from PT Orix Indonesia Finance as the lessor pursuant to
the lease agreements (i)&nbsp;No.&nbsp;E0511J2454 dated 7 December&nbsp;2005 as
amended by Agreement No.&nbsp;ORIF/OLD/SK/315/IX/2005 undated, (ii)&nbsp;No.
E0509J2359 dated 27 September&nbsp;2005 as amended by Addendum
Agreement No.&nbsp;ORIF/OLD/SK/077/IX/2005 undated, (iii)&nbsp;No.
E0602J2526 dated 22 February&nbsp;2006 as amended by Additional
Agreement dated 22 February&nbsp;2006, and any other similar agreements
between the Company and PT Orix Indonesia Finance, in respect of the
change of the controlling shareholder in the Company due to the transfer of
Sale Shares from the Vendors to the Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written consent from Bank Ekonomi Raharja in respect of the change of
the controlling shareholder in the Company due to the transfer of Sale
Shares from the Vendors to the Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an express consent from the Company for the Purchaser to make an announcement in a newspaper
in respect of the proposed transfer of Sale Shares from the Vendors to the Purchaser in
accordance with Article&nbsp;127 of the Company Law and complete settlement of any objections
filed by any creditors to the Company in the form and substance satisfactory to the
Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>announcements to the employees of the Company and the Purchaser in accordance with Article
127 of the Company Law;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written consent from PT Bank HS 1906, in accordance with the License Agreement of ATM
Management System No.&nbsp;579.5.HS1906 dated 2 September&nbsp;2004, in respect of the change of the
controlling shareholder in the Company due to the transfer of Sale Shares from the Vendors to
the Purchaser;</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written notification from the Company to PT Bank Bumiputera Indonesia Tbk, in
accordance with the Infinium Human Resources Utilization Service Agreement No.&nbsp;033.14.BBPI
dated 1 August&nbsp;2001 (as amended), in respect of the change of the controlling shareholder
in the Company due to the transfer of Sale Shares from the Vendors to the Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(I)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if required pursuant to applicable law or the Articles of Association (or similar document)
of each of the Vendors, the Vendors shall have delivered to the Purchaser a duly executed
copy of any relevant corporate resolutions of each of the Vendors approving the sale and
purchase of the Sale Shares to the Purchaser;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Parties agreeing the final form of an agreement to be entered into by the Parties at the
Completion (the &#147;Post Completion Agreement&#148;) in respect of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Purchaser and SCH shall make its reasonable endeavour to
support the Company in achieving the IPO in 24&nbsp;months as of the Completion Date,
subject to the market conditions and absence of any unfavourable externalities.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A minority shareholder holding no less than 20% of the total issued shares
in the Company shall have the right to nominate one (1)&nbsp;Director in the Company&#146;s
Board of Directors and one (1)&nbsp;Commissioner in the Company&#146;s Board of Commissioners.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SCH shall have the right to require (by serving a notice to) the
Purchaser (or its designee) to purchase all (but not some) of SCH&#146;s shares in the
Company (the &#147;Put Option Shares&#148;) at the Put Option Price, such right exercisable
during a period commencing from the date being 24&nbsp;month after the Completion Date
until the IPO (if it occurs later). For the avoidance of doubt, if the IPO occurs
within 24&nbsp;month after the Completion Date, SCH shall have no such put option right.
Subject to the obtainment of the relevant third parties&#146; (including Governmental
Agency&#146;s) consents, the sale and purchase of the Put Option Shares shall be
completed within ninety (90)&nbsp;days after receipt by the Purchaser of the notice from
SCH.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SCH shall have a proportional tag-along right in respect of any sale by
the Purchaser of any of its shares in the Company to a third party prior to the IPO.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Until the Company has reached the IPO, each of SCH and the Purchaser shall
have the right of first refusal in the event of any sale of shares in the Company
that the other Party holds.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Post Completion Agreement shall terminate and cease to have any effect
once the Company has reached the IPO.</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Purchaser shall have received a legal opinion dated the Completion Date
from Trozenin&#146;s Malaysian legal counsel (which shall be a reputable firm) in regard
to valid existence, due execution and due authorisation in the form and substance
satisfactory to the Purchaser; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no statute, regulation or decision which would prohibit, restrict or
materially delay the sale and purchase of the Sale Shares or the operation of any
member of the Group after Completion having been proposed, enacted or taken by any
Governmental Agency.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchaser may waive all or any of such conditions at any time by notice in
writing to the Vendors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors shall use their best endeavours to procure the fulfilment of the
Conditions which relate to and are directly or indirectly within the control of the
Vendors on or before the date specified in Clause 4.4.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that any of the Conditions is not fulfilled (or waived
pursuant to Clause 4.2) on or prior to 30 June&nbsp;2008 then the Purchaser shall not be bound to proceed
with the purchase of the Sale Shares and this Agreement shall cease to be of any
effect except Clauses 1, 10, 12, 13, 14.1 to 14.5, 15 and 16 which shall remain in
force and save in respect of claims arising out of any antecedent breach of this
Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors shall use its best efforts to obtain or to procure that the Company
obtains by five (5)&nbsp;Business Days prior to the Completion Date:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>duly signed Non Compete Agreements; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>duly signed Employee Waivers. For the avoidance of doubt, in the event
that any Specified Employee ceases to be employed by the Company
prior to Completion, that shall not be a failure to satisfy any conditions
hereunder.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>COMPLETION</B></U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the provisions of Clause 4, Completion shall take place on the
Completion Date at the offices of the Company when all (but not some only) of the
events described in this Clause 5 shall occur.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At Completion, contemporaneously with instruction by the Purchase to its bank to
commence the wire transfer of the full amount of the Purchase Price to the
Vendors&#146; Accounts as stated in Clause 5.4, the Parties shall execute (i)&nbsp;the Deeds
Transfer of Shares in the approved terms in Indonesian language in notarial
deeds by which ownership and title to the Sale Shares are transferred from the
Vendors to the Purchaser and (ii)&nbsp;the Post Completion Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Concurrently with the execution of the Deeds of Transfer of Shares, the Vendors
shall:</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>deliver to the Purchaser:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>share certificates for the Sale Shares and/or other
evidence of ownership of the Sale Shares;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>share certificates for the shares in the Subsidiaries
held by the Company and/or such other evidence of ownership by the Company
of such shares;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such waivers or consents as the Purchaser may require to
enable the Purchaser or its nominees to be registered as holders of any of
the Sale Shares</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the title deeds, Leases and all other relevant deeds,
documents and correspondence relating to the Properties;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cause a meeting of the Shareholders to be held or a circular shareholders
resolution to be executed at which the Shareholders shall pass resolutions
in the approved terms (inter alia) to:-</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approve the transfer of the Sale Shares and the
registration of the Purchaser as a shareholder of the Company in the
Company&#146;s shareholders registry book and shall cause and procure the Board
of Director of the Company to register the Purchaser as shareholder in such
shareholders registry book;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cause such persons as the Purchaser may nominate to be
validly appointed as commissioners and directors of the Company;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>change the Company&#146;s and each of the Subsidiaries&#146; fiscal
year to become that ending on 31 December.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the date of Completion, the Purchaser shall pay the Purchase Price by wire
transfer to Vendors&#146; Accounts whose receipt in good funds in such account shall be
an absolute discharge of the Purchaser&#146;s obligation to pay the Purchase Price and
the Purchaser shall not be concerned to see to the distribution of the moneys so
paid.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without prejudice to any other remedies available to the Purchaser, if in any
respect the provisions of Clause 5 are not complied with by any of the Vendors on
the Completion Date the Purchaser may:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>defer Completion to a date not more than 28&nbsp;days after the Completion
Date (and so that the provisions of this Clause 5.4 shall apply to
Completion as so deferred); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>proceed to Completion so far as practicable (without prejudice to its rights
under this Agreement); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rescind this Agreement.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>6.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>RESTRICTION ON VENDORS</B></U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Vendors undertakes with the Purchaser that, except with the consent in
writing of the Purchaser and subject to the provisions of Clause 6.3:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(i)&nbsp;for the period of three years after Completion or (ii)&nbsp;from the
Completion
to one year after the IPO (whichever is the earlier), it will not within
Indonesia either on its own account or in conjunction with or on behalf of
any person, firm or company carry on or be engaged, concerned or
interested, directly or indirectly, in carrying on any business carried on by
any member of the Group (the &#147;Restricted Business&#148;) (other than as a
holder of not more than 5 per cent of the issued shares or debentures of
any company listed on a recognised stock exchange);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(i)&nbsp;for the period of three years after Completion or (ii)&nbsp;from the
Completion
to one year after the IPO (whichever is the earlier), it will not either on its
own account or in conjunction with or on behalf of any other person, firm
or company solicit or entice away from any member of the Group the
custom of any person, firm, company or organisation who shall at any time
have been a customer, identified prospective customer, representative,
agent, or correspondent of any member of the Group or in the habit of
dealing with any member of the Group or enter into any contract for sale
and purchase or accept business from any such person, firm, company or
organisation in the Restricted Business;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(i)&nbsp;for the period of three years after Completion or (ii)&nbsp;from the
Completion
to one year after the IPO (whichever is the earlier), it will not either on its
own account or in conjunction with or on behalf of any other person, firm
or company employ, solicit, entice away or attempt to employ, solicit or
entice away from any member of the Group any person who at the date of
this Agreement is or within the year preceding such employment,
solicitation, enticement or attempt shall have been an officer, manager,
consultant or employee of any member of the Group whether or not such
person would commit a breach of contract by reason of leaving such
employment;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will not at any time hereafter make use of or disclose or divulge to any
person (other than to officers or employees of the Company or any of the
Subsidiaries who is required to know the same) any information (other than
any information properly available to the public or disclosed or divulged
pursuant to an order of a court of competent jurisdiction) relating to any
member of the Group, the identity of its customers and suppliers, its
products, finance, contractual arrangements, business or methods of
business and shall use its best endeavours to prevent the publication or
disclosure of any such information;</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if, in connection with the business or affairs of any member of the Group, it
shall have obtained trade secrets or other confidential information
belonging to any third party under an agreement purporting to bind any
member of the Group which contained restrictions on disclosure it will not
without the previous written consent of the Purchaser at any time infringe
or take any action which would or might result in an infringement of such
restrictions;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>it will not at any time hereafter in relation to any trade, business or
company use a name or trade mark including the word or symbol or logo
of &#147;Sigma&#148; and shall use its best endeavours to procure that no such name
or trade mark shall be used by any firm or company which he controls.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Vendors will procure that its subsidiaries, holding company and any
other affiliated companies will observe the restrictions contained in the foregoing
provisions of this Clause 6 and will make reasonable endeavour to ensure that its
and their respective employees will observe the restrictions contained in Clause
6.1(d).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>While the restrictions contained in this Clause are considered by the parties to be
reasonable in all the circumstances, it is recognised that restrictions of the nature in
question may fail for technical reasons. Accordingly it is agreed that if any of such
restrictions shall be adjudged to be void as going beyond what is reasonable in all
the circumstances for the protection of the interests of the Purchaser but would be
valid if part of its wording were deleted or the stipulated periods reduced or the
range of activities or area dealt with thereby reduced in scope the said restriction
shall apply with such modifications as may be necessary to make it valid and
effective.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The restrictions contained in Clauses 6.1 and 6.2 above shall be without prejudice
to performance by and shall not limit the restrictions on the Commissioners and the
Directors in their performance for the Company.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>7.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>WARRANTIES</B></U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Vendors jointly and severally represents, warrants and undertakes to
and with the Purchaser that each of the statements set out in Schedule&nbsp;4 is now and
will at Completion be true and accurate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Warranties (other than Warranties 4.1, 4.2, 4.3, the entire 15 and the entire 16
in respect of which no qualification is accepted) are given subject to matters fully
and fairly disclosed in the Disclosure Letter.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Vendors acknowledges that the Purchaser has entered into this
Agreement in reliance upon the Warranties and has been induced by them to enter
into this Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without restricting the rights of the Purchaser or otherwise affecting the ability of
the Purchaser to claim damages on any other basis available to it, in the event that
(i)&nbsp;any of the Warranties is broken or (as the case may be) proves to be untrue or
misleading, and/or (ii)&nbsp;any breach by any of the Vendors of any of their respective </TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>agreements, obligations or covenants under this Agreement, the Vendors shall, on demand,
pay to the Purchaser or, at the Purchaser&#146;s direction, the Company:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the amount necessary to put the Company and each of the Subsidiaries into
the position which would have existed if the Warranties had not been
broken or (as the case may be) had been true and not misleading; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all losses, costs and expenses incurred by the Purchaser, the Company and
each member of the Group in connection with or as a result of such breach
and any costs (including reasonable legal costs), expenses which any of
them may incur either before or after the commencement of any action in
connection with (i)&nbsp;any legal proceedings in which the Purchaser claims
that any of the Warranties has been broken or is untrue or misleading and
in which judgement is given for the Purchaser or (ii)&nbsp;the enforcement of
any settlement of, or judgement in respect of, such claim.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Warranties shall be separate and independent and, save as expressly
provided to the contrary, shall not be limited by reference to or inference from any
other Warranty or any other term of this Agreement, nor by anything in the
Disclosure Letter which is not expressly referenced to the Warranty concerned.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where any statement in the Warranties or any confirmation or certificate given by
any of the Vendors hereunder or pursuant hereto is qualified by the expression &#147;so
far as the Vendors are aware&#148; or &#147;to the best of the
Vendor&#146;s knowledge and belief&#148; or any similar expression, that statement shall be deemed to include an additional
statement that it has been made after due and careful enquiry.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Vendors agrees with the Purchaser (for itself and on behalf of the
Company and each of the Subsidiaries) to waive any rights which it may have in
respect of any gross misrepresentation or gross inaccuracy in, or gross omission
from, any information or advice supplied or given by the Company or its
Subsidiaries or its or their officers, employees or advisers in connection with the
giving of the Warranties and the preparation of the Disclosure Letter.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Vendors agrees to disclose promptly to the Purchaser in writing
immediately upon becoming aware of the same, any matter, event or circumstance
(including any omission to act) which may arise or become known to it after the
date of this Agreement and before Completion which:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>constitutes a material breach of or is materially inconsistent with any of
the Warranties; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>has an adverse effect on the financial position or prospects of the Company
or any Subsidiary.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors shall give to the Purchaser both before and after Completion all such
reasonable information and documentation relating to the Company and the
Subsidiaries as the Purchaser shall reasonably require to enable it to satisfy itself as
to the accuracy and due observance of the Warranties.</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The liabilities of the Vendors under the Warranties:-</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shall save in relation to paragraphs 4.1, 4.2, 4.3, the entire Section&nbsp;15
and
the entire Section&nbsp;16 of Schedule&nbsp;4 (the &#147;Enduring Warranties&#148;), cease after
(i)&nbsp;one (1)&nbsp;year following the IPO or (ii)&nbsp;three (3)&nbsp;years following the
Completion Date (whichever is the earlier) except in respect of matters
which have been the subject of a written claim made before such date by
the Purchaser to any of the Vendors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shall in relation to the Enduring Warranties cease after five (5)&nbsp;years as
of
the Completion Date except in respect of matters which have been the
subject of a written claim made before such date by the Purchaser to any
of the Vendors;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>shall be limited to a maximum aggregate amount equal to the total
Purchase Price;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">PROVIDED ALWAYS that if in any case the relevant claim or claims has arisen by reason of:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>fraud or wilful concealment or dishonesty or deliberate non disclosure on
the part of any of the Vendors or on the part of any officer or representative of any
member of the Group or of the Vendors; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Vendors, the Company or any Subsidiary not having good title to any
asset (including any shares or stock of any company) of which it is now warranted to
be the owner; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any of the Vendors or any signatory on their respective behalf&#146;s being
claimed not to have had legal authority or capacity to enter into this Agreement or
any agreement ancillary thereto;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">then in any such case none of the limitations whether as to amount or time set forth in
this Clause 7.10 shall apply.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No claims for breach of warranties under this Agreement shall be made against
the Vendors unless the losses relating thereto for which they would, but for this
Clause 7.11, be liable exceeds five hundred United States Dollars (US$500,000)
or its equivalent Rupiah amount based on the prevailing middle rate issued by
Bank Indonesia on the day the claim is made, provided that the claim in each
event exceeds this threshold, the entire amount of such losses shall become due
and payable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The amount that the Purchaser shall be entitled to recover from the Vendors
under a qualified claim for breach of warranties (save for the Enduring
Warranties) shall be deducted by the Tax Restitution Payment that the Company
has received before or on the date when the claim is made by the Purchaser. For
the avoidance of doubt, no such deduction shall be made in respect of any
claims by the Purchaser for any breach of the Enduring Warranties. In the event
that the Tax Restitution Payment is received by the Company after a claim by the
Purchaser to the Vendors is paid by the Vendors, the Purchaser shall refund to</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Vendors an amount equal to the Tax Restitution Payment so received by the Company
provided that such refund shall not exceed the claim payment previously received by the
Purchaser from the Vendors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SCH covenants and agrees with the Purchaser that it will, upon requested by the Purchaser at
any time following the Completion, vote affirmatively in a general shareholders meeting of the
Company, provide a written consent or cause the adoption of circular shareholders resolution
in respect of change of the Company&#146;s fiscal year to become that ending 31 December.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="108"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>8.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>COVENANT IN RESPECT OF TAX</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In this Clause unless the context otherwise requires:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;event&#148; </B>includes (without limitation) any omission, event, action or
transaction whether or not the Company or any of the Subsidiaries is a
party thereto, the death of any person, a change in the residence of any
person for any Tax purpose, a failure to make sufficient dividend payments
to avoid an apportionment or deemed distribution of income and the
entering into and completion of this Agreement and references to the result
of events on or before the Completion Date shall include the combined
result of two or more events one or more of which shall have taken place
on or before the Completion Date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;relief&#148; </B>includes (without limitation) any relief, allowance, credit, set
off, deduction or exemption for any Tax purpose;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reference to income or profits or gains earned, accrued or received shall
include income or profits or gains deemed to have been or treated as or
regarded as earned, accrued or received in accordance with the Indonesian
Accounting Standard (PSAK);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reference to any Tax liability shall include not only any liability to make
actual payments of or in respect of Tax but shall also include:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the loss or reduction in the amount of, or the setting off
against income, profits or gains, or against any Tax liability for which no
sufficient provision has been made in preparing the Accounts of, any relief
which would (were it not for the said loss, reduction or setting off) have
been available to the Company or any of the Subsidiaries and which relief
has been taken into account in computing (and so eliminating or reducing)
any provision for deferred Tax which appears (or which but for such relief
would have appeared) in the Accounts;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the loss or reduction in the amount of, or the setting off
against any Tax liability for which no sufficient provision has been made in
preparing the Accounts of, a right to repayment of Tax which has been
treated as an asset of the Company or any of the Subsidiaries in preparing
the Accounts; and</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the loss or reduction in the amount of, or the setting off against
income, profits or gains earned, accrued or received on or before
Completion, or against any Tax liability of, any relief which is not
available before Completion but which arises in respect of an event
occurring after Completion in circumstances where, but for such loss,
reduction or setting off, the Company or any of the Subsidiaries would
have had a Tax liability in respect of which the Purchaser would have
been able to make a claim under this Clause 8;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>and in such a case the amount of Tax which could otherwise be saved or relieved,
by the relief so lost, reduced or set off (calculated by reference to the rates
of Tax in force at the date of this Agreement) or the amount of repayment which
would otherwise have been obtained shall be treated as the amount of a Tax
liability which has arisen;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reference to the &#147;<B>Company</B>&#148; includes a reference to each of the
Subsidiaries;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>reference to a payment in respect of Tax includes (without limitation) a
payment for the surrender or transfer of any other relief, a repayment of any
such payment and a payment by way of reimbursement, recharge,
indemnity or damages.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject as hereinafter provided, each of the Vendors covenants with and
undertakes to pay to the Company, within seven days after the Vendors have been
notified by the Purchaser, a sum equal to the amount of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any Tax liability resulting from the ordinary course of business of the
Company or any of the Subsidiaries resulting from or by reference to any
income, profits or gains earned, accrued or received on or before the
Completion Date or any event on or before the Completion Date whether
alone or in conjunction with other circumstances and whether or not such
Tax is chargeable against or attributable to any other person; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all reasonable costs and expenses which are incurred by the Purchaser or
any member of the Group in connection with any of the matters referred to
in this Clause 8 or in taking or defending any action under the covenants
contained in this Clause 8 (including, without prejudice to the generality of
the foregoing, all legal and other professional fees and disbursements).</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The covenants contained in Clause 8.2 do not apply to any liability:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to the extent that provision or reserve for such amount has been made in
the Accounts or to the extent that payment or discharge of such liability
has been taken into account therein; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in respect of which provision or reserve has been made in the Accounts
which is insufficient only by reason of any increase in rates of Tax made
after the Completion Date with retroactive effect.</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Purchaser shall become aware of any assessment, notice, demand or other
document issued or action taken by or on behalf of any person, authority or body
from which it appears that the Company or any of the Subsidiaries has or may have
a liability in respect of which a claim could be made under this Clause, it shall give
written notice thereof to the Vendors and shall (if the Vendors shall indemnify and
secure the Purchaser and the Company and the Subsidiaries as applicable to the
Purchaser&#146;s reasonable satisfaction against any liabilities, costs, damages or
expenses which may be incurred thereby) take such action and procure that the
Company and/or the relevant Subsidiary shall take such action as the Vendors may
reasonably request to dispute, resist or compromise the liability; provided that
neither the Company and/or the relevant Subsidiary nor the Purchaser shall in any
event be required to take any steps which would require any admission of guilt or
liability relating to matters connected with the claim in question or which would
affect the future conduct of the business of the Purchaser or the Company or any of
the Subsidiaries or any subsidiaries of the Purchaser or affect the rights or
reputations of any of them.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The liability of the Vendors under this Clause shall cease after (i)&nbsp;one (1)&nbsp;year
following the IPO or (ii)&nbsp;three (3)&nbsp;years following the Completion Date (whichever
is the earlier) except in respect of matters which have been the subject of a written
claim made within the said period by the Purchaser to any of the Vendors unless
the claim in question has arisen by reason of fraud, wilful concealment or
dishonesty on the part of any of the Vendors or, prior to the Completion Date, any
member of the Croup or any of its officers or deliberate non disclosure on the part
of any of the Vendors or, prior to the Completion Date, by any officer or
representative of any member of the Group in which event there shall be no
contractual limit on the time period within which such claim may be brought.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The due date for the making of payments by the Vendors under this Clause 8 shall
be:-</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>where the payment relates to a liability of the Company or any of the
Subsidiaries to make an actual payment of or in respect of Tax, the date
which is seven days before the date on which such actual payment is due
to be made to the relevant authority;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>where the payment relates to a matter falling within Clause 8.1(d)(i) or
8.1(d)(iii), the date falling seven days after the Vendors have been notified
by the Purchaser that the auditors for the time being of the Company or the
relevant Subsidiary have certified at the request of the Purchaser or the
Company or the relevant Subsidiary that the Vendors have a liability for a
determinable amount under Clause 8.2; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>where the payment relates to a matter falling within Clause 8.1(d)(ii) the
date on which the repayment of Tax would otherwise have been due to be
made; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the case of costs and expenses within Clause 8.2(b) the date on which
such costs and expenses are incurred.</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors shall give all such assistance and provide such information as the
Purchaser shall reasonably request from time to time for the purpose of enabling the
Purchaser or any member of the Group to make returns and provide information as required
to any Tax authority and to negotiate any liability to Tax.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="109"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>9.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>THE PURCHASER&#146;S REMEDIES</B></U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchaser shall be entitled (without prejudice to all other rights and
remedies available to it) to terminate this Agreement if at any time on or before
Completion (a)&nbsp;any of the Vendors fails to comply with any of its material
obligations in this Agreement or (b)&nbsp;the Purchaser becomes aware of any fact,
matter or event which in its reasonable opinion constitutes a material breach of
any Warranty.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without prejudice to Clause 9.1, the Purchaser shall be entitled to claim all
losses, damages, payments, awards, costs or expenses suffered or made by the
Purchaser as a result of any material breach of any representation, statement,
assurance, covenant, undertaking, indemnity, guarantee or commitment given
by or on behalf of the Vendors in connection with this Agreement other than the
Warranties.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="110"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>10.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>RESTRICTION ON ANNOUNCEMENTS</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Parties undertakes that prior to Completion it will not (save as required by
Article&nbsp;127 of Company Law or any prevailing law or by any securities exchange or any
supervisory or regulatory body to whose rules any of the Parties is subject) make any
announcement in connection with this Agreement unless the other Parties shall have given
their respective consents to such announcement (which consents may not be unreasonably
withheld or delayed and may be given either generally or in a specific case or cases and
may be subject to conditions).</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="111"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>11.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>PRE-COMPLETION OBLIGATIONS</B></U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors shall procure that the business of each member of the Group is operated until
Completion in the ordinary course and in the same manner as it was operated prior to the date
of this Agreement and that without a prior written consent from the Purchaser, no member of
the Group:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>makes or commits to any capital expenditure for more than Rp. 2&nbsp;billion
or for longer than 12&nbsp;months except those made for Surabaya Data
Center amounting to no more than Rp. 15&nbsp;billion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>acquires, disposes of, or creates a security interest over any of its assets
other than in the ordinary course of business consistent with past practice, but in any case not to exceed Rp. 2&nbsp;billion ;</TD>
</TR>


</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>distributes or return any capital to its shareholders or undertakes any
merger, consolidation, acquisition, recapitalization, liquidation or
dissolution;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>pays any dividend to its shareholders or pays any management fee, or
other distribution;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issues any shares, Options or securities which are
convertible into shares;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>materially changes the terms of employment (including remuneration
and/or any benefit plan) of any of the employees, or pays or provides any
bonus (in cash or in kind) to any employee;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>alters its Articles of Association, provided that the Company may make
any alterations to its Articles of Association that are necessary to
complete the transactions contemplated by this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>makes any material changes to the accounting procedures or principles by reference to which
the Accounts are drawn up;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>and/or the Vendors pass any shareholder resolutions in general meeting or by way of written
resolution of shareholders of any member of the Group, provided that the shareholders of the
Company may pass resolutions that are necessary to complete the transactions contemplated by
this Agreement;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discontinues or ceases to operate all or a material part of their respective business;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>incurs any liabilities or borrows (other than by bank overdraft, bank guarantee or similar
facility within limits subsisting at the date of this Agreement) any money for more than Rp.
3&nbsp;billion or agrees so to do;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>discloses to any third party any confidential information relating to any member of the
Group including but not limited to the identity of its customers and suppliers, its products,
finance, contractual arrangements, business or methods of business;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enters into, amends or terminates any contract or commitment (other than those which are
immaterial or specifically referred to in this Agreement to be entered into, amended or
terminated) which relates to or affects a material part of the business or any materially
unusual or abnormal or onerous contract or commitment;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>writes off or writes down any of its assets other than in the ordinary course of business,
consistent with past practice;</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>files any amended Tax return, makes any material Tax election, settle any Tax
claim or Tax assessment, consent to any extension or waiver of the limitation
period applicable to any Tax claim or Tax assessment, or take any other similar
action relating to the filing of any Tax return or the payment of any Tax, if such
amendment, agreement, settlement, consent or other action would have the effect of
increasing its tax liability for any period ending after Completion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(p)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>engages in any transaction outside the ordinary course of business
consistent with past practice or not on arm&#146;s length basis with the Vendors or any
officer, director or commissioner or affiliates of the Vendors; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(q)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enters into any contract or other agreement to do or engage in any of the
foregoing.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors shall not solicit, initiate or encourage the submission of any proposal to
acquire the Sale Shares or any rights pertaining to the Sale Shares (the &#147;Acquisition
Proposal&#148;), enter into any agreement with respect to any Acquisition Proposal, or cooperate
in any way with, or knowingly assist, participate in, facilitate or encourage any effort by
any person that is seeking to make, or has made, an Acquisition Proposal.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As from the date of this Agreement, the Vendors shall give and shall procure that the
Purchaser and/or any persons authorised by it will for the purpose of satisfying itself as to
the accuracy of the Warranties be given such access during normal office hours to the
premises and all books, title deeds, records and accounts of the Company and the Subsidiaries
as the Purchaser may reasonably request and be permitted to take copies of any such books,
deeds, records and accounts and that the Commissioners, Directors and employees of the
Company and the Subsidiaries shall be instructed to give within reasonable time all such
information and explanations to any such persons as aforesaid as may be requested by it or
them, provided that before making such request, the Purchaser or any person appointed by it
shall provide the Vendors with a written request outlining the intention to inspect the
Company, the issues or matters which needs to be clarified, and the documents or information
which are required for that purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchaser undertakes that it will not prior to Completion, save as required by law (or
by any securities exchange or any supervisory or regulatory body to whose rules it is
subject), divulge any confidential information relating to the Company and the Subsidiaries
obtained by it pursuant to this Clause to any person other than its own officers, employees
or professional advisers.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="112"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>12.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>CONFIDENTIALITY OF INFORMATION RECEIVED</B></U></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Parties undertakes that it shall treat as strictly confidential all information
received or obtained by it or its employees, agents or advisers as a result of entering into
or performing this Agreement including information relating to the provisions of this
Agreement, the negotiations leading up to this Agreement, the subject matter of this
Agreement or the business or affairs of the other Parties</TD>
</TR>

</TABLE>
</DIV>


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</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>and subject to the provisions of Clause 12.2 that it not at any time hereafter make use of
or disclose or divulge to any person any such information and shall use its best
endeavours to prevent the publication or disclosure of any such information.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The restrictions contained in Clause 12.1 shall not apply so as to prevent a Party from
making any disclosure required by law or by any securities exchange or supervisory or
regulatory or governmental body pursuant to rules to which the relevant Party is subject or
from making any disclosure to any professional adviser for the purposes of obtaining advice
(provided always that the provisions of this Clause 12 shall apply to and the Parties shall
procure that they apply to and are observed in relation to, the use or disclosure by such
professional adviser of the information provided to him) nor shall the restrictions apply in
respect of any information which comes into the public domain otherwise than by a breach of
this Clause 12 by the Party.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="113"></A>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><b>13.</b></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>COSTS</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each Party to this Agreement shall pay its own costs of and incidental to this Agreement and
the sale and purchase envisaged under this Agreement.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="114"></A>
</DIV>

<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><b>14.</b></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>GENERAL</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement shall be binding upon and endure for the benefit of the estates,
personal representatives or successors of the Parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement (together with any documents referred to herein) constitutes the
whole agreement between the Parties and supersedes any previous agreements or
arrangements between them relating to the subject matter of this Agreement; it is
expressly declared that no variations of this Agreement shall be effective unless
made in writing signed by duly authorised representatives of the Parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject always to the provisions providing time limit specifically stated in this
Agreement and applicable statute of limitations, all of the provisions of this
Agreement shall remain in full force and effect notwithstanding Completion (except
insofar as they set out obligations which have been fully performed at Completion).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any provision or part of a provision of this Agreement shall be, or be found by
any authority or court of competent jurisdiction to be, invalid or unenforceable,
such invalidity or unenforceability shall not affect the other provisions or parts of
such provisions of this Agreement, all of which shall remain in full force and effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any liability of one or more but not all of the Vendors shall be or become illegal,
invalid or unenforceable in any respect, such circumstance shall not affect or
impair the liabilities of the other Vendors under this Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Purchaser may release or compromise the liability of any of the Vendors
hereunder or grant to any Vendor time or other indulgence without
affecting the liability of any other Vendor hereunder.</TD>
</TR>



</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No failure of the Purchaser to exercise, and no delay or forbearance in exercising,
any right or remedy in respect of any provision of this Agreement shall operate as a
waiver of such right or remedy.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement may be executed in one or more counterparts, and by the Parties
on separate counterparts, but shall not be effective until each party has executed at
least one counterpart and each such counterpart shall constitute an original of this
Agreement but all the counterparts shall together constitute one and the same
instrument.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="115"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>15.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>NOTICES</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each notice, demand or other communication given or made under this Agreement
shall be in writing and delivered or sent to the relevant party at its address or fax
number set out below (or such other address or fax number as the addressee has by
five (5)&nbsp;days&#146; prior written notice specified to the other parties):</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To the <B>Vendors:</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Sigma Citra Harmoni</B><BR>
Sigma Inno Office<BR> Menara DEA, 8<sup>th</sup>
Floor<BR> Kawasan Mega Kuningan<BR> Jalan
Mega Kuningan Barat IX<BR> Kavling E4.3
No.&nbsp;1<BR> Jakarta 12950</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President Director<BR>
Fax Number:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#043; 62 21 5762155</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Trozenin Management Plc</B><BR>
Tiara Labuan<BR>
Jalan Tanjung Ratu 87000<BR>
FT Labuan, East Malaysia</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director<BR>
Fax Number:&nbsp;&nbsp;&nbsp; &#043; 6087417655</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To the <B>Purchaser:</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Multimedia Nusantara</B><BR>
Century Tower, 11<sup>th</sup> Floor<BR> Jl. H.R.
Rasuna Said, Kav. X-2<BR>
No.&nbsp;4, Jakarta 12950</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President Director / Director of Finance<BR>
Fax Number:&nbsp;&nbsp;&nbsp; &#043; 62 21 521 0124</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice, demand or other communication so addressed to the relevant party
shall be deemed to have been delivered (a)&nbsp;if given or made by letter, when</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->23<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>actually delivered to the relevant address and (b)&nbsp;if given or made by fax, when
despatched with a confirmed transmission report.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="116"></A>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>16.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>GOVERNING LAW AND ARBITRATION</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement shall be governed by and construed in accordance with the laws of
Indonesia. The Parties waive the provisions of Article&nbsp;1266 of the Indonesian Civil
Code to the extent that those provisions require a court order to terminate this
Agreement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">16.2</TD>
    <TD width="4%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that if any dispute arises out of or in connection with this
Agreement, including without limitation any question regarding its existence,
validity, termination of rights or obligations of any party, the Parties shall
attempt, for a period of thirty (30)&nbsp;days after the receipt by one Party of a
notice from the other Party of the existence of the dispute, to settle such
dispute in the first instance by mutual discussions between the Parties.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Failing such an amicable settlement any and all disputes, conflicts or
controversies arising out of or in connection with this Agreement, or its
performance, shall be settled by arbitration to be held in Jakarta under
the Rules of Arbitration of the Indonesian National Board of Arbitration
(BANI) (the &#147;Rules&#148;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Parties has the right to appoint one (1)&nbsp;arbitrator. The two (2)
arbitrators will in turn appoint the third arbitrator. Should either Party
fail to appoint its respective arbitrator within thirty (30)&nbsp;days as from the
date requested by the other Party, or should the two (2)&nbsp;arbitrators so
appointed fail to appoint the third arbitrator within thirty (30)&nbsp;days as
from the date of appointment of the second arbitrator then such
arbitrator(s) shall be appointed by the chairman of the BANI.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Board of Arbitration appointed shall operate pursuant to the BANI
Rules. Where the BANI Rules and this Agreement are silent as to the
conduct of the arbitral proceedings, the arbitrators will decide as to how
the proceedings shall be conducted.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No Party shall be entitled to commence or maintain any action in a court of
law upon any matter which has been submitted to arbitration hereunder
until such matter shall have been determined as provided in this Clause
16.2 and then only for the enforcement of the arbitration award.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The decision of the board of arbitration in any matter within this Clause shall be final,
binding and incontestable and may be used as a basis for judgment thereon in Indonesia or
elsewhere. It shall include a determination as to which of the Parties shall pay the cost
and expenses of the arbitrators, the administrative costs of the arbitration, the legal
fees incurred by the parties, the cost and expenses of witnesses and all other costs and
expenses necessarily incurred in the opinion of the board of arbitration in order to
properly settle the dispute.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties expressly agree (i)&nbsp;that there shall be no appeal to any court from the decision
of the arbitrator, (ii)&nbsp;that the arbitrators need not be bound by strict rules of law in
making their decision, but may pronounce judgment based on ex aequo et bono principle and
(iii)&nbsp;that the mandate of the arbitrators duly constituted in this Agreement shall remain in
effect until a final arbitration award has been issued by the arbitrators.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;signature page will follow&#093;
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>The Vendors:</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left"><B>PT Sigma Citra Harmoni</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Trozenin Management Plc</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">/s/ Otto Toto Sugiri</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Eko Basyuni</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Otto Toto Sugiri
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Eko Basyuni</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PRESIDENT DIRECTOR
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PROXY</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>The Purchaser:</B>
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="3" align="left"><B>PT Multimedia Nusantara</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Alex J. Sinaga
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Alex J. Sinaga&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">President Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>4
<FILENAME>u00157exv4w2.htm
<DESCRIPTION>EX-4.2 AMENDMENT TO SHARES SALE AND PURCHASE AGREEMENT BETWEEN TROZENIN MANAGEMENT PLC (MALAYSIA), PT SIGMA CITRA HARMONI AND PT MULTIMEDIA NUSANTARA DATED AS OF FEBRUARY 21, 2008.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.2 Amendment to Shares Sale</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;4.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDMENT AGREEMENT TO<BR>
THE AGREEMENT FOR THE SALE AND PURCHASE OF SHARES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Amendment Agreement to the Agreement for the Sale and Purchase of Shares (the &#147;Amendment
Agreement&#148;) is made and entered into on 21 February&nbsp;2008 by and between:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Sigma Citra Harmoni, </B>a company incorporated under Indonesian law whose registered office
is at Sigma Inno Office, Menara DEA, 8<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Kawasan Mega Kuningan, Jalan Mega
Kuningan Barat IX, Kavling E4.3 No.&nbsp;1, Jakarta 12950, in this matter represented by Mr.&nbsp;Otto
Toto Sugiri, its President Director <B>(&#147;SCH&#148;).</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Trozenin Management Plc, </B>a company incorporated under Malaysian law whose principal place of
business is at Tiara Labuan, Jalan Tanjung Ratu 87000, FT Labuan, East Malaysia, in this
matter represented by Mr.&nbsp;Eko A.I. Basyuni, its proxy
<B>(&#147;Trozenin&#148;). </B>
</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SCH and Trozenin shall individually be referred to as a <B>&#147;Vendor&#148; </B>and collectively the
<B>&#147;Vendors&#148;.</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Multimedia Nusantara, </B>company incorporated under Indonesian law whose registered office
is at Century Tower, 11<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor, Jl. H.R. Rasuna Said, Kav. X-2, No.&nbsp;4, Jakarta
12950, in this matter represented by Alex J. Sinaga, its President Director (the <B>&#147;Purchaser&#148;).</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SCH, Trozenin and the Purchaser hereinafter shall be collectively referred to as the &#147;Parties&#148; and
individually as the &#147;Party&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">WHEREAS
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Vendors and the Purchaser entered into the Agreement for the Sale and Purchase of Shares
on 18 December&nbsp;2007 (the &#147;SPA&#148;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In relation to the SPA, the Parties have discussed certain amendments to the SPA and certain
matters that the Parties need to formally agree and confirm.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">C.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In order to document the amendments and matters agreed and confirmed, the Parties agree to
enter into this Amendment Agreement under the following terms and conditions which are legally
binding in accordance with its terms on the Parties.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">THE PARTIES AGREE as follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Capitalized words used herein which are not defined shall have the same meanings assigned
under the SPA.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties hereby confirm and agree that the Specified Employees shall comprise the
following:</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>

<tr>
<TD align="center" style="border-bottom: 1px solid #000000"><b>No.</b></TD>
    <TD>&nbsp;</TD>
<TD align="left" style="border-bottom: 0px solid #000000" valign="top"><b><U>Name</U></b></TD>
</tr>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MARINA BUDIMAN</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DJAROT SUBIANTORO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MIEKE S. DJALIL</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GURITNO SOMMIADIREDJA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">KIRAN KUMAR MAHENDRA DESAI</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ABI SURYO PANAMBANG</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">7.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ALEXANDER LIEM</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">8.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">HENDRIK TIMADIUS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">9.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">OTTO HANTORO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ALVIN SIAGIAN</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">11.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SUTJAHYO BUDIMAN</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">12.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LEONARDUS HERWINDO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">13.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LIE CHRISTIANA WIRAATMAJA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">14.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MAHENDRA EKAPUTRA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">15.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WITA LESMANA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">16.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SYARIEF ALI IDRUS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">17.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ADRES GINTING</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">18.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">YUDI HARTONO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">19.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ROYKE DWIPURA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">20.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BENNY FEBIJANTO MARKUS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">21.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DAVID TANDIANUS</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">22.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SUWARTO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LIEKE SIDHARTA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LISTINA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">25.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LINGGAJAYA BUDIMAN</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">26.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">MARIA SYLVIA WARDHANI WIBOWO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">27.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">YOVITA YANTHI</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">28.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SUJATI SURA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">29.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SRI RAMAYANl</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">30.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">IRENE JOHANA ROSIDI</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">31.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ACHMAD IMAN SUPRIYANTO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">32.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">STEPHANUS YAHYATUMBELAKA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">33.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FAJAR HARTANTO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">34.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FELICIA SURYA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">35.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">P.A. WISNUDJAJA WIDIA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">36.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SRI RIANI SOEMANTRI</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">37.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 WAYAN SARYADA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">38.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">TEGUH HARTANTO KIDJO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">39.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DAISY CONSTANCE MATITAWAER</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">40.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ANTONIUS HARDJAWINATA</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">41.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">ERICH HERMANTO EKOPUTRA</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In accordance with Clause 2.2 of the SPA, the Parties further
agree that the number of shares to be sold by each of the Vendors and purchased by the Purchaser shall be as follows:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD align="center" style="border-bottom: 1px solid #000000"><b>NAME</b></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%" align="center" style="border-bottom: 1px solid #000000"><B>Shares</B></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
     <TD width="1%" align="center" style="border-bottom: 1px solid #000000"><b>Percentage</b></TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">PT Sigma Citra Harmoni</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,507,154</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">19.55</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Trozenin Management Plc</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,494,194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">60.45</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><B>TOTAL</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,001,348</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">80.00</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In accordance with Clause 3.1 of the SPA, the payment of the purchase price to Trozenin shall
be made in US$. The Parties hereby confirm and agree that the total amount of purchase price
payable to Trozenin in accordance with the SPA shall be US$26,599,064.50 (twenty six million
five hundred ninety nine thousand sixty four US Dollars and fifty cents).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In accordance with Clause 3.1 of the SPA, the payment of the purchase price to SCH shall be
made in Rupiah at the Agreed US$-Rp Exchange Rate. The Parties hereby confirm and agree that
the total amount of purchase price payable to SCH in accordance with the SPA shall be
US$8,600,935.50 (eight million six hundred thousand nine hundred thirty five US Dollars and
fifty cents). The Parties further confirm and agree that the US$ &#151; Rp. middle rate issued by
Bank Indonesia on the day being five (5)&nbsp;Business Days before the Completion Date is Rp. 9,186
per US$1 and hence the total purchase price payable to SCH in accordance with the SPA is Rp.
79,008,193,503 (seventy nine billion eight million one hundred ninety three thousand five
hundred three Rupiah).</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that the definition of &#147;Completion Date&#148; in Clause 1.1 of the SPA is
deleted and the following is substituted in lieu thereof:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Completion Date&#148; </B>means 22 February&nbsp;2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that the definition of &#147;Vendors&#146; Accounts&#148; in Clause 1.1 of the SPA is
deleted and the following is substituted in lieu thereof:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Vendors&#146; Accounts&#148; </B>means:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In respect of SCH:<br>
Name : PT Sigma Citra Harmoni<br>
Account No. : 2001863331 (IDR)&nbsp;<br>Bank Ekonomi Raharja &#151; Kuningan
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In respect of Trozenin:<br>
Name : Trozenin Management Plc<br>
Account No : 7002582 (USD)<br>
ABN Amro Bank &#151; Singapore<BR>
Swift Code : ABNASGSGIPC<br>
Chips UID : 011591<BR>
Correspondence Bank: ABN Amro Bank New York (Swift: ABNAUS33)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (b)&nbsp;of Clause 4.1 of the SPA is deleted and the following is
substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#147;(b)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the shareholders of the Company have convened a general meeting of
shareholders or executed a circular shareholders resolution which approves (i)&nbsp;the
transfer of the Sale Shares from the Vendors to the Purchaser, and (ii)&nbsp;the amendment
to the Company&#146;s Articles of Association which, to the extent possible, reflects the
positions agreed in the Post Completion Agreement, as evidenced by minutes of meeting
of the Company shareholders or a signed circular shareholders resolution in the form
and substance satisfactory to the Purchaser;&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (d)&nbsp;of Clause 4.1 of the SPA is deleted and the following is
substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#147;(d)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>approval from BKPM in relation to the transfer of Sale Shares from the
Vendors to the Purchaser;&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (e)&nbsp;of Clause 4.1 of the SPA is deleted and the following is
substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#147;(e)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an evidence of submission to the MOLHR for its approval and/or report to the
MOLHR in relation to the amendment to the Company&#146;s Articles of Association;&#148;</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (f)&nbsp;of Clause 4.1 of the SPA is deleted and the following
is substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;(f)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> a written notification from the Company to PT Orix Indonesia Finance as the
lessor pursuant to the lease agreements (i)&nbsp;No.&nbsp;E0511J2454 dated 7 December&nbsp;2005 as
amended by Agreement No.&nbsp;ORIF/OLD/SK/315/IX/2005 undated, (ii)&nbsp;No.&nbsp;E0509J2359 dated 27
September&nbsp;2005 as amended by Addendum Agreement No.&nbsp;ORIF/OLD/SK/077/IX/2005 undated,
(iii)&nbsp;No.&nbsp;E0602J2526 dated 22 February&nbsp;2006 as amended by Additional Agreement dated
22 February&nbsp;2006, and any other similar agreements between the Company and PT Orix
Indonesia Finance, in respect of the change of the controlling shareholder in the
Company due to the transfer of Sale Shares from the Vendors to the Purchaser;&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (g)&nbsp;of Clause 4.1 of the SPA is deleted and the following is
substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;(g)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> a written notification from the Company to Bank Ekonomi Raharja in respect
of the change of the controlling shareholder in the Company due to the transfer of
Sale Shares from the Vendors to the Purchaser;&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (i)&nbsp;of Clause 4.1 of the SPA is deleted and the following is
substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;(i)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> announcement to the employees of the Company in accordance with Article&nbsp;127
of the Company Law;&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that point (j)&nbsp;of Clause 4.1 of the SPA is deleted and the following is
substituted in lieu thereof:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#147;(j)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> a written notification from the Company to PT Bank HS 1906, in accordance
with the License Agreement of ATM Management System No.&nbsp;579.5.HS1906 dated 2
September&nbsp;2004, in respect of the change of the controlling shareholder in the
Company due to the transfer of Sale Shares from the Vendors to the Purchaser;&#148;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties agree that the entire list of the Key Individuals in Schedule&nbsp;7 of the SPA is
deleted and the following is substituted in lieu thereof</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Otto Toto Sugiri
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President Commissioner</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Djarot Subiantoro
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President Director</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Marina B
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director, Corporate</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All terms and conditions contained in the SPA shall remain in full force and effect and
shall be fully enforceable as between the Parties hereto subject always to any modifications
or amendments agreed herein.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The SPA and this Amendment Agreement shall be read and construed as one document and
this Amendment Agreement shall be construed to be part of the SPA and, without prejudice
to the generality of the foregoing, where the context so allows, references in the SPA
to the &#147;Agreement&#148; howsoever expressed, shall be read and construed as references to the
SPA as amended and supplemented by this Amendment Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the avoidance of doubt, any disputes in relation to this Amendment Agreement shall
be dealt with in accordance with the SPA.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Amendment Agreement may be signed in counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument. If
this Amendment Agreement is signed in counterparts, no signatory hereto shall be bound
until all Parties named below have duly executed a counterpart of this Amendment
Agreement.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IN WITNESS WHEREOF, the Parties hereto have executed this Amendment Agreement by their duly
authorized officers as of the date above written.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>The Vendors:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>PT Sigma Citra Harmoni</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Trozenin Management Plc</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Otto Toto Sugiri
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Eko A.I. Basyuni</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Otto Toto Sugiri
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Eko A.I. Basyuni</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: President Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: Proxy</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>The Purchaser:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>PT Multimedia Nusantara</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Alex J. Sinaga</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Name: Alex J. Sinaga</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: President Director</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.3
<SEQUENCE>5
<FILENAME>u00157exv4w3.htm
<DESCRIPTION>EX-4.3 SUPPLY CONTRACT FOR THE PROCUREMENT AND INSTALLATION OF THE BATAM SINGAPORE CABLE SYSTEM BETWEEN TELKOM AND NEC CORPORATION DATED AS OF MARCH 3, 2008.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.3 Supply Contract</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit 4.3</div>

<DIV align="center" style="font-size: 16pt; margin-top: 18pt"><B>SUPPLY CONTRACT FOR<BR>
THE PROCUREMENT AND INSTALLATION OF BATAM-<BR>
SINGAPORE CABLE SYSTEM (BSCS)&nbsp;PROJECT</B>
</DIV>




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>No: K.TEL.103/HK.910/ITS-00/2008<BR>
Dated March 3</B><SUP style="font-size: 85%; vertical-align: text-top"><B>rd</b></SUP>, <b>2008</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="u00157u0015701.gif" alt="(TELKOM LOGO)">
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B><I>Between</I></B>
</DIV>


<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>PT
TELEKOMUNIKASI INDONESIA, Tbk</B>

</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B><I>And</I></B>

</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>NEC CORPORATION</B>

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>
Table of Content</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#101">Chapter&nbsp;I
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#101">General Terms and Conditions
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#103">Article&nbsp;1
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#104">Article&nbsp;2
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#104">Country of Origin
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#106">Article&nbsp;3</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#106">Scope of Works
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#108">Article&nbsp;4
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#108">Standards
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#110">Article&nbsp;5
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#110">Use of Contract Documents and Information
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#112">Article&nbsp;6
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#112">Patent Rights
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#114">Article&nbsp;7
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#114">Bonds
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#116">Article&nbsp;8
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#116">Authorized Representatives
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#118">Article&nbsp;9
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#119">Article&nbsp;10
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#119">Responsibility of TELKOM
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#121">Article&nbsp;11
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#121">Packing
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#123">Article&nbsp;12
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">14</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#124">Article&nbsp;13
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#124">Transportation and Storage of Goods
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#126">Article&nbsp;14
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#126">Insurance
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#128">Article&nbsp;15
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#128">Transfer of Title and Risk
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#130">Article&nbsp;16
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#130">Familiarity with Site and Works
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#133">Site Survey and Design/Drawing
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#133">Article&nbsp;17
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#133">Site Survey and Design/Drawing
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">22</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#135">Article&nbsp;18
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#135">Permits
and Authorizations
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>







<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#136">Article&nbsp;19
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#136">Provision of Facilities and Labor by CONTRACTOR
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#138">Article&nbsp;20
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#138">Cooperation with Other Contractors
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#140">Article&nbsp;21
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#140">Protection of Existing Telecommunication Systems
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#142">Article&nbsp;22
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#142">Damage to Persons and Property
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">25</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#144">Article&nbsp;23
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">26</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#144">Accident or Injury to Workmen
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">26</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#146">Article&nbsp;24
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#146">Workmanship
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#148">Article&nbsp;25
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#148">Monthly Progress Report
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#150">Article&nbsp;26
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#150">Cleaning-up
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">28</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#152">Article&nbsp;27
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#152">Inspection and Tests
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">29</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="RIGHT" style="font-size: 10pt"><!-- Folio -->ii<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#154">Article&nbsp;28
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#154">Certificates
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#156">Article&nbsp;29
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#156">Warranty
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#158">Article&nbsp;30
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#158">Long Term Support
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#160">Article&nbsp;31
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#160">Time of Completion
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#162">Article&nbsp;32
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#162">Spare Parts
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#164">Article&nbsp;33
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#164">Tools and Measuring Equipment
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#166">Article&nbsp;34
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#166">Term of Payment
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#168">Article&nbsp;35
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#168">Contract Price
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#170">Article&nbsp;36
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#170">Taxes, Levies and Duties
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#172">Article&nbsp;37
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#172">Contract Change
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#174">Article&nbsp;38
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#174">Contract Amendments
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#176">Article&nbsp;39
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#176">Assignment
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#178">Article&nbsp;40
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#178">Sub-contractors
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#180">Article&nbsp;41
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#180">Delays in the Works Performance
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->iii<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#182">Article&nbsp;42
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#182">Liquidated Damages
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">50</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#184">Article&nbsp;43
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">51</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#184">Termination for Default
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">51</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#186">Article&nbsp;44
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">52</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#186">Force Majeure
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">52</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#188">Article&nbsp;45
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#188">Termination for Insolvency
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#190">Article&nbsp;46
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#190">Termination for Convenience
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#192">Article&nbsp;47
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">55</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#192">Resolution of Disputes
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">55</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#194">Article&nbsp;48
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#194">Language and Measurement System
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#196">Article&nbsp;49
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#196">Applicable Laws and Compliance with Statutes, Regulations and, By-Laws
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#198">Article&nbsp;50
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">57</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#198">Notices
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">57</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#200">Article&nbsp;51
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">57</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#200">Contractor&#146;s Personnel
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">57</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#202">Article&nbsp;52
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#202">Use of Local Personnel
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#204">Article&nbsp;53
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">59</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#204">Software License
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">59</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#206">Article&nbsp;54
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">59</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#206">Miscellaneous
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">59</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="#208">Article&nbsp;55
</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">60</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<!-- /TOC -->
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->iv<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SUPPLY CONTRACT
FOR
THE PROCUREMENT AND
INSTALLATION OF BATAM-SINGAPORE
CABLE SYSTEM (BSCS)&nbsp;PROJECT<BR>
BETWEEN
PT TELEKOMUNIKASI INDONESIA, Tbk.
AND
NEC CORPORATION</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>No.:
K.TEL. 103 /HK.910/ITS-00/2008</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This
Contract is made and entered into this <b>Monday of </b>
<B>3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> - 03 - 2008,</B> by and between the
Parties:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>I.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT TELEKOMUNIKASI INDONESIA, Tbk, </B>a telecommunication services and network provider having
its domicile at Jalan Japati No.&nbsp;1, Bandung-40133, Indonesia, in this this Contract duly
represented by <B>INDRA UTOYO, </B>in his capacity as Director of IT &#038; Supply, hereinafter in this
Contract referred to as <B>TELKOM; </B>and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>II.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>NEC Corporation, </B>a company established under the laws of Japan, domiciled at 7-1, Shiba
5-chome, Minato-ku, Tokyo 108-8001, Japan hereinafter referred to as <B>CONTRACTOR, </B>based on the power
of attorney no.POA-07-189 dated February&nbsp;29<SUP style="font-size: 85%; vertical-align: text-top">th, </SUP>2008 in this Contract duly represented by
<B>TAKASHI KODAMA, </B>in his capacity as Manager Group Submarine Networks Division, hereinafter in this
Contract referred to as <B>CONTRACTOR.</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TELKOM and CONTRACTOR are individually referred to as <B>&#147;Party&#148; </B>and collectively as the <B>&#147;Parties&#148;.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WITNESSETH</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas TELKOM has intention to develop the Batam- Singapore cable systim route and has
issued the Request for Proposal (RfP) Document to the CONTRACTOR on December
13<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP>, 2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas to respond the TELKOM&#146;s RfP as mentioned in point a. above, the
CONTRACTOR through its letter dated December&nbsp;28<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2007, has submitted the
bid</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to TELKOM cq. Tender Committee and the bid has been revised
through its letter dated
February&nbsp;15<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>,
2008;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas the discussions and negotiation has been held between TELKOM and
CONTRACTOR in accordance with Minutes of Meetings on February&nbsp;22<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas TELKOM trough its letter No. : TEL.97/LG000/SUC-A1030000/2008 dated February
28<SUP style="font-size: 85%; vertical-align: text-top">th</sup>, 2008, has appointed NEC Corporation as a CONTRACTOR to execution
the Procurement and Implementation of BSCS Project which is amounting to
USD.11,900.000 (Eleven million nine hundred thousand US Dollar) excludes VAT 10%;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas CONTRACTOR through its commitment letter dated February&nbsp;29<SUP style="font-size: 85%; vertical-align: text-top">th</sup>, 2008 hereby
commit and agree to carry out the Works expressed its consent to the price agreed and
ability to execute the Works as specified in this Contract in accordance with point c.
mentioned above;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">NOW THEREFORE, based upon the above-mentioned considerations, the Parties hereto have agreed to
bind each other into this Contract under the following terms and conditions:
</DIV>


<DIV align="left">
<A name="101"></A>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Chapter&nbsp;I</b></div>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>General Terms and Conditions</B>
</DIV>

<DIV align="left">
<A name="103"></A>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1<BR>
Definitions</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Contract&#148; </B>shall mean the agreement entered into between TELKOM and CONTRACTOR, as recorded in
the Contract form signed by the Parties including all attachments thereto and amendment
documents incorporated by reference therein;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Batam-Singapore Cable System (BSCS)&#148; </B>means the submarine optical cable
transmission system linking Batam to Singapore under this Contract</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Project&#148; </B>means the Works to be undertaken by CONTRACTOR for the procurement and installation
of Batam-Singapore Cable System, to be carried out on single
responsibility basis.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><b>&#147;TELKOM&#148;</b> means <B>PT. (PERSERO)
Telekomunikasi Indonesia Tbk, </B>the public state owned company of Indonesia and public to provide the
public telecommunication services and network, acting as the owner of the Project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;CONTRACTOR&#148; </B>means a contractor who
has signed the Contract with TELKOM for the implementation of the Project on single responsibility
basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Sub-contractor&#148; </B>means any party or parties
approved by TELKOM having a direct contract or contracts with CONTRACTOR for the performance of any
part or parts of the Works to be executed under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Turnkey basis&#148;</B> means the Scope of Work where upon the effective date of this
Contract, CONTRACTOR shall be fully and solely responsible for the survey, design,
development, manufacture, delivery, supply, installation, integration and commissioning of the
System, and the remedying of any defects, so as to make the System ready for service and the
CONTRACTOR shall also do everything necessary as reasonably may be inferred from this
Contract as being required of CONTRACTOR to perform all of its obligations under this
Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Works&#148;</B> means the objective of the Contract, i.e., supply of Goods, survey, design,
manufacturing, transportation, installation / construction, permits, testing, commissioning,
integrating, complete and operational System as required, documentation, training and any
other associated services or activities whatsoever for the execution of the Project under the
Contract by the CONTRACTOR up to the last Final Acceptance Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Goods&#148;</B> means and include all kinds of machinery, apparatus, materials, articles, spare
parts, necessary tools and test equipment, relevant drawings, operation manuals, and handbooks
which is required by CONTRACTOR to fulfill CONTRACTOR&#146;s obligation under this Contract.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">j.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Services&#148;</B> means the CONTRACTOR&#146;s services and activities such as survey, design, installation/
construction, progress/ quality control, testing, reporting, commissioning and training which the
CONTRACTOR is required to execute under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">k.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Request for Proposal&#148; </B>means the documents i.e. &#147;General Conditions&#148;, &#147;Technical
Specifications&#148; and any additional notice which was given to bidder/ CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">l.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Contract Price&#148; </B>means the price including any applicable Value Added Tax to the CONTRACTOR
for completion of the Works under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">m.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;TELKOM&#146;s Project Manager&#148; </B>means TELKOM&#146;s staff duly authorized by TELKOM to act as their
representative for the execution of the Project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">n.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;CONTRACTOR&#146;s Project Manager&#148;</B>
means CONTRACTOR&#146;s person duly authorized by CONTRACTOR to act as their representative for the
execution of the Project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">o.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Default&#148; </B>means any of negligent act or failure in the implementation of the Project in
respect of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">p.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;System&#148;</B> means Batam-Singapore Cable System (BSCS).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">q.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Technical Specification&#148; </B>shall mean technical specifications as mutual agreed by both
Parties and as mentioned in the Attachment-7 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">r.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Site&#148; </B>means a place or places to which the Goods are to be delivered or where the Works are
to be performed by the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">s.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Integration&#148; </B>shall mean the integration between the System provided by CONTRACTOR and/or
TELKOM&#146;s system in accordance with the Technical Specification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">t.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commissioning&#148; </B>means activities that shall be done by the CONTRACTOR in</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>preparation of the Acceptance Test.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">u.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Acceptance Test (AT)&#148; </B>shall mean physical and electrical characteristic checking of the
installation and materials, and testing of System to test the proper functionality of each
Site as mentioned in Article&nbsp;27 of this Contract of the Goods installed;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">v.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Acceptance Test Report&#148; </B>shall mean written document being made and signed by Parties hereto
through their respective duly representatives, certifying the Acceptance Test has been
completed and stating the results;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">w.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Acceptance Test Certificate&#148; (ATC </B>hereinafter referred to as <B>BAUT) </B>means an official written statement signed by acceptance test team
assigned by both Parties, indicating that the Works have been performed, completed, tested
satisfactorily and can be operated commercially in accordance with the Contract.;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">x.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Goods Arrival Certificate&#148; </B>means an official written statement issued by TELKOM&#146;s Project
Manager indicating that all of the relevant Goods have arrived at a Site.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">y.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;System Acceptance Certificate (SAC) / First Hand-Over Certificate (BAST-I)&#148; </B>means an
official written statement issued by TELKOM&#146;s Project Manager indicating that the Works have
been performed, completed and tested satisfactorily, and handed over from CONTRACTOR to and
accepted by TELKOM in accordance with the Contract and starting of warranty period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">z.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Final Acceptance Certificate or Second Hand-Over Certificate (BAST-II)&#148; </B>means an official
written statement issued by TELKOM&#146;s Project Manager indicating that the warranty period of 5
(five)&nbsp;years is over and all CONTRACTOR&#146;s obligations has been fulfilled under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">aa.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Construction Equipment&#148; </B>means the equipment, tools and machinery including specialized test
equipment brought to the Site by the CONTRACTOR for the execution of the Contract, but not to
be purchased by</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">bb.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Inspector&#148; </B>means the representative(s) or
person(s) duly authorized by TELKOM to inspect the
Goods and Services under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">cc.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Effective Date of Contract&#148; </B>or <B>&#147;EDC&#148;</B>
means the date on which contract is signed by TELKOM and the CONTRACTOR in accordance with Article&nbsp;55.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">dd.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Information&#148; </B>means information whether written or oral, including but not limited to
documentation, specifications, reports, data, notes, drawings, models, patterns, samples,
software, computer outputs, designs, inventions whether patent can be obtained or not and know
how.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">ee.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Months&#148; </B>and <B>&#147;Days&#148; </B>denote Gregorian calendar months and calendar days, respectively.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">ff.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Bill of Quantity&#148; </B>or <B>&#147;BoQ&#148; </B>means the bill of quantities as set out in Attachment-1.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;2</b>
</div>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>Country of Origin</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All Goods supplied under the Contract shall have their origin in the member countries and
territories eligible under the rules of the Government of Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of this Article &#147;origin&#148; means the place where the Goods are produced. Goods
are produced when a new product is commercially recognized as a result of manufacturing,
processing of substantial and major assembling of components, and is substantially different
in basic characteristics or in purpose or utility from its components.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The origin of the Goods is distinct from the nationality of the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;3</b>
</div>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>
Scope of Works</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Scope of this Contract covers the procurement and installation of BSCS Project according
to the configurations, Bill of Quantity, capacity plan, Plan of Work, and</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Technical Specification, etc. as set out in this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of the implementation of the Works, CONTRACTOR shall carry out at least the
followings:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Survey, design and engineering;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Procurement and or manufacturing of equipment, spare part, tools and measuring equipments and
its accessories and delivery of the equipment to the Site;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Implementation, integration of System to existing system;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commissioning and testing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Warranty and long term support;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All risk insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Documentation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event there is any change the scope of works shall be adjusted and executed under the
amendment pursuant to Articles 37 and 38 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Contract covers various steps involved in the procurement and installation of BSCS on a
Turnkey basis.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="108"></A>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;4</b>
</div>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>
Standards</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Goods
supplied under this Contract shall conform to Attachment-7 (Technical Specification).
When no standard is detailed therein, then the latest standards ITU-T at the time of the Contract
shall be applied. In case, both of standards not obtained than the country of origin standards which
are issued by the relevant institution shall apply.
</DIV>

<DIV align="left">
<A name="110"></A>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;5</b>
</div>
<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><B>
Use of Contract Documents and Information</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall not, without TELKOM&#146;s prior written consent, disclose the Contract, or
any provision thereof, or any specification, plan, drawing, pattern, list, schedule, sample or
information furnished by or on behalf of TELKOM in connection therewith, to any person other than a
person employed by the CONTRACTOR in the performance of the Contract. Disclosure to any such
employed person shall be made in confidence and shall extend only so far as</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>may be necessary for the purpose of performance of the Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall not, without TELKOM&#146;s prior written consent, make use of any document or
information enumerated in Article&nbsp;5.1 except for purpose of performing the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any documents, mentioned in Article&nbsp;5.1 other than the Contract itself, shall remain the
property of TELKOM and shall be returned (and all copies) by the CONTRACTOR to TELKOM on
completion of the Contract if so required by TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;6<BR>
Patent Rights</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall indemnify TELKOM against all third party claims of infringement of
patent, trademark, copyrights or industrial design rights arising from the use of the Goods,
the performance of the Works or the operation of the System, or any part thereof in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall only have the obligations as set out in this Article&nbsp;6, if TELKOM: a)
gives CONTRACTOR prompt written notice of any alleged or actual claims, b) allows CONTRACTOR
on its request to directly or indirectly control the defense and/or settlement of such claim,
c) does not consent to any judgment or decree or does any other act in compromise of any claim
without first obtaining CONTRACTOR&#146;s written consent, and d) provides CONTRACTOR all
reasonable cooperation and information as may be requested by CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Furthermore, such indemnity shall not cover such infringement or claim arising from:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s adherence to TELKOM&#146;s direction to use materials or parts of TELKOM&#146;s
selection; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such material or parts furnished to the CONTRACTOR by TELKOM, other than in each case, a)
items of the CONTRACTOR&#146;s design or selection or</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>b) the same as any of the CONTRACTOR&#146;s commercial
merchandise or in processes or c) machines of the CONTRACTOR&#146;s design or selection used in the
manufacture of such standard products or parts; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Use of the Goods other than for the purposes indicated in, or reasonably to be inferred from,
this Contract or in conjunction with other products; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Modification of the Goods by TELKOM, without prior expressed written
approval by CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="114"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;7<BR>
Bonds</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be established in US Dollar currency and shall be in surety bond
or bank guarantee issued by insurance company or bank according to TELKOM requirement (Bank
Mandiri, BNI 46, Bank Rakyat Indonesia Bank BUKOPIN, Bank Mega, Ban NISP, Bank BCA, Bank
Niaga, Citibank, Standard Chartered Bank, ABN AMRO, HSBC, Asurandi JASINDO,
Asuransi Kredit Indonesia, Asuransi Eksport Indonesia) amounting of 5% (five percent) of the
Contract Price. The performance bond shall be valid until the issue date of BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be submitted by CONTRACTOR to TELKOM within 7 (seven)
calendar days after signing of this Contract, address to:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>PT Telekomunikasi Indonesia, Tbk.<br> Att. Operation Manager<br> Finance Center Area-08 Sub-01<br> Jalan Japati
No.&nbsp;1, 2nd Floor<br> Bandung 40133</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be released by TELKOM to CONTRACTOR after the issuance of
BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event CONTRACTOR fails to accomplish the Works or its parts in
accordance with the terms and conditions of this Contract, due to gross negligence and/or</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>willful misconduct of CONTRACTOR, then CONTRACTOR and TELKOM shall meet to review the situation. If
the CONTRACTOR failed to make good such default, then TELKOM is entitled to forfeit the performance
bond with prior written consent from CONTRACTOR which shall become property of TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The release of peformance bond as described in Article&nbsp;7.4 above shall not waive
CONTRACTOR&#146;s obligation as described in this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The advance payment bond shall be established in form of surety bond or bank
guarantee issued by insurance company or bank according to TELKOM&#146;s requirement mentioned in
Article&nbsp;7.1 amounting of 15 % (fifteen percent) of the Contract Price.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall submit to TELKOM the advance payment bond
together with the invoice for 15% payment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The advance payment bond shall be released by TELKOM to CONTRACTOR after the issuance of
BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty bond shall be in form of surety bond or bank guarantee issued by insurance
company or bank according to TELKOM&#146;s requirement mentioned in Article&nbsp;7.1 amounting
of 5% (five percent) of the Contract Price.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty bond shall be valid for five (5)&nbsp;years from the date of related BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall submit to TELKOM the warranty bond together with the invoice for 85%
payment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="116"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;8<BR>
Authorized Representatives</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM has appointed SGM Supply Center as TELKOM&#146;s Project Manager who shall be duly
authorized to act on their behalf for the execution of the Project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR, immediately after the
signing of the Contract, shall duly appoint</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>his Project Manager and notify TELKOM for approval thereof. The curriculum vitae of the
CONTRACTOR&#146;s Project Manager shall be submitted to TELKOM together with the notification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s Project Manager shall
be duly authorized to act on behalf of the CONTRACTOR with respect to any and all matters relating
to the performance of the Contract, and he shall give full technical information to TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="118"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;9<BR>
CONTRACTOR&#146;s Responsibility</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be fully responsible to conduct desktop
study, permits, cable route survey, design, develop, engineering, manufacture, supply,
install, training and test the System in accordance with all the terms and conditions
contained in the Contract including any integration of the System and for ensuring that the
System is fully compliant with the Contract and the CONTRACTOR shall not claim any
additional payment nor be relieved from any obligation imposed on it by this Contract on
grounds of any information supplied by TELKOM on any matter whatsoever related to
this Contract. In the event the Goods are to interoperate with third party&#146;s equipment,
TELKOM shall be obligated to provide the necessary interfaces of the respective third party&#146;s
equipment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be deemed to have reviewed the Works as a whole and in detail and to
have fully satisfied itself of the feasibility and practicability thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition to the requirements for the provision of technical information
described in the Contract, the CONTRACTOR shall, upon request, provide the TELKOM with such
additional technical information in connection with the Contract as the
TELKOM may reasonably require.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case any damage, loss or injury happens to
the Goods and Services, or to any part thereof, from any cause whatsoever, except the &#147;excepted
risks&#148; as defined in Article&nbsp;9.6 while the CONTRACTOR shall be</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>responsible for the care thereof, the CONTRACTOR shall, at his own cost, repair and make good the
same, so that the Works shall be in good order and condition and in conformity in every respect
with the requirements of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of any damage, loss or injury happening from any of the excepted risks, the
CONTRACTOR shall, if and to the extent required by TELKOM and subject to Article&nbsp;46, repair
and make good the same as aforesaid at the cost of each party. The CONTRACTOR shall also be
liable for any damage to the Works occasioned by him in the course of any operation carried
out by him for the purpose of completing any outstanding Works or complying with his
obligations according to time completion under Article&nbsp;31.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;excepted risks&#148; are war, hostilities (whether war be declared or not), invasion,
act of foreign enemies, rebellion, revolution, insurrection or military or usurped power,
civil war, or unless solely restricted to employees of the CONTRACTOR or of his
Sub-contractors and arising from the conduct of the Works, riot, commotion or disorder, or use
or occupation by TELKOM of any part of the Works, or ionizing radiations or
contamination by radio activity from any nuclear fuel or from any nuclear waste from the
combustion of nuclear fuel, radio-active toxic explosive, or other hazardous
properties of any explosive, nuclear assembly or nuclear component
thereof, pressure waves caused by aircraft or other aerial devices traveling at sonic or
supersonic speeds, or any such operation of the forces of nature as an experienced CONTRACTOR
could not foresee or reasonably make provision for or insure against all
the excepted risks.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall not take advantage of any apparent error or omission in
the Contract documents. In the event CONTRACTOR discovers any error or
discrepancy, CONTRACTOR shall immediately call upon TELKOM for their
interpretation, and such error or discrepancy shall be corrected upon the mutual consent</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>between TELKOM and the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall pay due attention to the Works and shall cooperate with TELEKOM&#146;S
Project Manager, TELKOM&#146;s staffs, and further with other
CONTRACTORs having connection with
the execution of the Project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall conform to Attachment-2 (Plan of Work).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall attend at the
CONTRACTOR&#146;s own expenses such meetings with the TELKOM representatives at such times as may be
required by the TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="119"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;10<BR>
Responsibility of TELKOM</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The duties of TELKOM&#146;s Project Manager
will supervise the Works and examine workmanship of CONTRACTOR employed in the execution of the
Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any written instruction or approval given by TELKOM&#146;s Project Manager to the CONTRACTOR
within his capacity shall refer to the Contract and bind the CONTRACTOR as if it had been
given by TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="121"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;11<BR>
Packing</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide such packing of the Goods as is required to prevent their damage
or deterioration during transit to their final destination as indicated in the Contract. The
packing shall be sufficient to withstand, without limitation, rough handling during transit,
exposure to extreme temperatures, briny environment, and
condensation/precipitation during
transit and open storage. Packing case size and weights shall take into consideration, where
appropriate, the remoteness of the Goods final destination and the absence of heavy handling
facilities at all points in transit.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any case, crate, bundle, and whatever method of packing the Goods for shipping and/or
delivery, shall bear the following</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>identification legibly and indelibly marked on at least 2 (two)&nbsp;external sides or places :</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">PT.
(Persero) Telekomunikasi Indonesia, Tbk<br> Att. : TELKOM Infrastructure Division
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">Procurement and Installation of Ring Kalimantan &#151; Sulawesi
</DIV>

<DIV align="left" style="margin-left: 5%">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="79%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CONTRACT NO.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">LICENSE NO.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">SITE
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CASE NO.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">: (A/B/C) *)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px">PORT OF DESTINATION
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">INVOICE NO. &#038; DATE
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">NET WEIGHT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">GROSS WEIGHT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">VOLUME
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">(LENGTH/WIDTH/HEIGHT)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">

<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>

</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">*)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A : Sequence No. of cases<br><br style="font-size: 3pt">
B : Total No. of cases in shipment<br><br style="font-size: 3pt">
C : Sequence No. of shipment</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The detailed address shall be given to
CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall comply with any subsequent instruction given or alteration required by
TELKOM pertaining to packing, marking, and documentation inside and outside of any pieces of
shipment or delivery.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="123"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;12<BR>
Delivery and Documents</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Delivery of the Goods shall be made by the CONTRACTOR in accordance with the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All physical deliveries covered by this Project shall be accompanied by a consignment note,
which includes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Name and registered office of CONTRACTOR;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Contract number;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Date of shipment and delivery;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Country of Origin;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quantities included.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall visually inspect the Goods on delivery to the installation Site based on a copy
of the Goods shipping documents and TELKOM&#146;s Project Manager shall promptly</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>issue a Goods Delivery Certificate if there is no obvious physical damage to the Goods and the
quantity of Goods delivered is correct according to the supporting documentation provided.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of the Contract, &#147;FOB&#148;, &#147;CIF&#148;, &#147;DDU&#148; and &#147;DDP&#148; used to describe the
obligations of the Parties shall have the meanings assigned to them in the current edition of
the International Rules for the Interpretation of the Trade Terms published by the
International Chamber of Commerce, Paris, and commonly referred to as INCOTERMS 2000.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="124"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;13<BR>
Transportation and Storage of Goods</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Partial shipment is acceptable. The CONTRACTOR is encouraged, to the extent practicable and
reasonable, to utilize Indonesian Flag carrier vessels.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Goods delivered to Site shall be stored in the
CONTRACTOR&#146;s storage area until actually
required for incorporation of the Works. The CONTRACTOR shall be responsible for the safety of
the Goods during storage. The CONTRACTOR shall be aware of the high humidity and its effects
to Goods subject to corrosion in storage areas in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for the handling and safe movement of the Goods during
off-loading from and loading into transport, until the completion of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for the payment of all expenses for clearing the Goods
through the port of arrival, for transportation to Site and storage.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="126"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;14<BR>
Insurance</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without limiting its obligations and responsibilities, the CONTRACTOR shall, prior to the
commencement of any Work, and at its own expense, provide evidence within seven (7)&nbsp;calendar
days from the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>signing of the Contract, insurance to cover its liabilities throughout the Contract and in the
joint name of TELKOM and the CONTRACTOR as the insured :</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt" align="right">
<TABLE width="96%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(i)&nbsp;the Works and any work in progress of every kind required for the execution, testing and
completion of the Works including, but not limited to, the completed item to the full value of
such Works and any work in progress executed from time to time,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(ii) all appliances, instruments or things of whatsoever nature required in or pertaining to the
execution, testing and completion of the Works, constructional plant, the materials and other
things brought on to the Site by the CONTRACTOR to the full value of such constructional plant,
materials and other things, against all losses or damages from whatever cause in respect of all
risks including, but not limited to, marine cargo (Note 1), sea bed (Note 2) and war risk (Note 3)
arising for which it is responsible under the terms of the Contract and in such manner that TELKOM
and the CONTRACTOR are covered during the period of construction of the Works;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>against any damage, loss or injury which may occur to any property (including that of TELKOM)
or to any person (including any employee of TELKOM) as a result of the execution of the Works
or temporary work;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>against any damage or compensation payable under statute or at law in respect or in
consequence of any accident or injury to any person in the employment of the CONTRACTOR or any
Sub-contractor. The CONTRACTOR shall indemnify and keep indemnified TELKOM against all such
damages, compensation, claims, demands, proceedings, costs, charges and expenses, whatsoever
in respect thereof at its own expenses;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a general liability policy, sufficient to cover its liability under the Contract until the
end of the warranty period or any extension thereto.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Contract Price shall include any premium amounts paid or to be paid by the CONTRACTOR for the
insurance coverage hereinabove stated.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">Note 1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine cargo or equivalent coverage is required to protect against all risks of physical
loss or damage to the cable, terminal station equipment and other equipment to be included in
the System (other than war risks) beginning with the date when each such equipment is ready
for shipping and ending when the cable is placed over side the cable laying vessel and when the
terminal station equipment is delivered to the terminal stations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">Note 2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sea bed or equivalent coverage is required to protect against all risks of physical loss or
damage to the equipment described in Note 1 above (other than war risks) from the time
coverage under Note 1 above ends until the issuance of the Certificate of System Acceptance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">Note 3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>War risks or equivalent coverage is required to protect against damage to, seizure by
and/or destruction of the System by means of war, piracy, takings at sea, other warlike
operations and &#147;excepted risks&#148; as stated in Article&nbsp;9.6 until the issuance of the System
Acceptance Certificate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the issuance of each policy relative to such insurance and not later than fifteen (15)
calendar days prior to each renewal thereof, the CONTRACTOR shall furnish TELKOM with evidence
acceptable to TELKOM including but not limited to a copy of the insurance policy and insurance
certificate, evidence that the relevant premiums have been paid and that the said policy is
and will continue to be in full force, and an undertaking letter from the insurance company
that the provisions included above in Article&nbsp;14.1 are in effect.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For all insurance to be effected, the CONTRACTOR is encouraged, to the extent practicable and
reasonable, to use an Indonesian government insurance company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The insurance shall be effected, wherever applicable, in such a manner that TELKOM and the
CONTRACTOR are covered :</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the period specified in Article&nbsp;31 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>during the warranty period for any loss or damage arising from a cause occurring prior to the
commencement of the warranty period, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for any loss or damage occasioned by the CONTRACTOR in the course of any operation carried
out by him for the purpose of complying with his obligations under Article&nbsp;29.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the CONTRACTOR shall fail to effect and keep in force the insurance specified herein,
TELKOM may effect and keep in force any such insurance and pay such premium or premiums as may
be necessary and from time to time deduct the amount so paid by TELKOM from any money due or
which may become due to the CONTRACTOR, or recover the same as a debt due from the CONTRACTOR.
The CONTRACTOR shall be liable to TELKOM for the full consequences of his failure to insure
under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall furnish TELKOM with a copy of any insurance policy to be effected under
the Contract upon TELKOM&#146;s request. The CONTRACTOR shall further furnish TELKOM with draft
copies of his proposed contracts of insurance immediately after the receipt of notification of
award and formal copies immediately after such insurance come into effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specifically agreed upon by the Parties, it shall be the responsibility of the
CONTRACTOR to notify the insurance company, and proceed with all claims arising from any
damage or loss of the Goods and</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Works covered by the insurance on behalf of and for TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All money received under the insurance policy either by the CONTRACTOR or by TELKOM shall be
applied towards the replacement or repair of the Goods and/or the Works found missing or
damaged. The CONTRACTOR shall be responsible for replacement or repairing of the items within
the settlement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall indemnify TELKOM against all claims, losses, expenses, etc. arising out
of or resulting from any default by the CONTRACTOR in complying with the requirements of this
Article.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine Insurance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine Insurance of the Goods shall be effected in the name of CONTRACTOR from &#147;warehouse to
warehouse&#148; on &#147;All Risks&#148; basis including war risks and strike Articles.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Local Transportation Insurance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For Goods supplied from within Indonesia, insurance for local transportation shall be effected in
the name of CONTRACTOR in a full amount of the ex-factory value of the Goods from the place where
the Goods are shipped to a designated Site.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;S All Risks Insurance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;S All Risks Insurance shall be effected prior to commencement of the Works in the name
of CONTRACTOR to cover all risks other than the excepted risks as mentioned in Article&nbsp;9.6 of
during the execution of the Works against physical loss of or damage to all Goods and Works to the
full value until the issued of System Acceptance Certificate, as security for repairment of the
Work.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third Party Liability Insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third party liability insurance shall be effected prior to commencement of the Works to insure
against the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;S liability for any material or physical damage, loss or injury which may occur to any
property, including that of TELKOM or to any person, including any employee of TELKOM, by or
arising out of the execution of the Works or in the carrying out of the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.14</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Workmen&#146;s Compensation Insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to commencement of the Works, the CONTRACTOR shall effect and shall maintain during the
period of Contract, Workmen&#146;s compensation insurance for all personnel employed by him and the
people who work with CONTRACTOR, in connection with the Works, as security for compensation
benefits pursuant to the applicable laws of Indonesia against the Works related to injury or
employer&#146;s liability.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="128"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;15<BR>
Transfer of Title and Risk</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of title and risk of the System from CONTRACTOR to TELKOM shall take place when
the System Acceptance Certificate has been issued by TELKOM. The transfer of title shall not
absolve or release the CONTRACTOR from its obligations and its liabilities under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon transfer of title and risk of the System to TELKOM, the CONTRACTOR warrants that the
System is free from valid liens, claims, charges, encumbrances and security interests arising
by and through the CONTRACTOR and/or under its government&#146;s rules and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of title and risk from CONTRACTOR to TELKOM shall take place when System
Acceptance Certificate has been issued by TELKOM and commencing the CONTRACTOR&#146;S
responsibility for the Warranty obligation as mentioned in Article&nbsp;29.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the transfer of title and risk of the System to TELKOM as described in Article&nbsp;15.3, the
CONTRACTOR also warrants that the System has fulfilled all statutory requirements and permits
including but not</TD>
</TR>

</TABLE>
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limited to any governmental, non. governmental permits, with respect to the performance of the
Works.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="130"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;16<BR>
Familiarity with Site and Works</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be deemed to have familiarized himself with the nature of Site of the
Works, the general and local conditions and regulations of Site and all other matters which
can in any way affect the Works and Time of Completion under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be deemed to have satisfied himself at the time of Contract as to the
correctness and sufficiency of his price stated in the price schedule which shall cover all
his obligations under the Contract for proper performance, completion and maintenance of the
Works. It is entirely the CONTRACTOR&#146;s responsibility for any errors in the computation or
summation of the price schedule or for any incorrect perception of the Scope of Works and for
the quality of the System to be attained at the completion of the Project. TELKOM will not
compensate the CONTRACTOR for any financial loss, or for any errors discovered after the bid
submission or during the execution of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall, by careful examination, satisfy himself in respect of all pertinent
conditions which may in any manner affect the execution of the Works, such as, but not limited
to, the nature and location of the Works to be performed, the character, quality and quantity
of the Goods to be delivered, the CONTRACTOR&#146;s facilities including the construction equipment
to be used, labor condition, transportation conditions and general and local laws and
regulations. The CONTRACTOR will ensure that any allowance for all the foregoing factors and
all other risks, conditions or other circumstances has been included in the Contract Price. No
claim shall be considered for extra costs or extensions of time due to any difference between
the actual conditions and those which may have been anticipated by the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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</TABLE>
</DIV>

<DIV align="left">
<A name="133"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;17<BR>
Site Survey and Design/Drawing</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall at his own expense conduct Site survey to perform all
CONTRACTOR obligations in this Project, review the plans furnished by TELKOM and prepare the
installation designs/ drawings and Bill of Quantity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The installation designs/drawings shall be prepared with due consideration of economic and
quality aspect of the System, fully reflecting the Site conditions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Survey reports and installation designs/drawings shall be
submitted to TELKOM for approval, section by section where applicable, within such
time as specified in the Attachment-7 (Technical Specification).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM&#146;s approval of survey reports and installation designs/ drawings shall not relieve the
CONTRACTOR of any of his obligation under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If, during the execution of the Works, modification of the
CONTRACTOR&#146;s installation designs / drawings becomes necessary, the CONTRACTOR shall
notify TELKOM of his finding at the Site and obtain approval for such modifications from
TELKOM. Any modifications of designs/ drawings shall be made without extra costs to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for the CONTRACTOR&#146;s own reason, any increase or decrease of the
Contract Price, occasioned by variation in quantities of the Goods installed and the Works
performed based on modification of designs / drawings approved or instructed by TELKOM,
shall be equitably adjusted as mentioned in Article&nbsp;37.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall prepare the detailed design and the installation drawings for all the
System and facilities based on Attachment-7 (Technical Specifications).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such design and installation drawings shall be submitted to TELKOM&#146;s Project Manager at least one
(1)&nbsp;month after Design Review
</TD>
</TR>
</TABLE>
</DIV>
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</DIV>

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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM&#146;s Project Manager shall give CONTRACTOR approval for such design and installation drawings
within fourteen (14)&nbsp;calendar days after the submission.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If TELKOM&#146;s Project Manager requires to modify such design and installation drawings after
approval pursuant to Article&nbsp;17.7 above, CONTRACTOR shall submit to TELKOM&#146;s Project Manager
modification application by clarifying its scope. Such modification can be made only when it
approved in writing by TELKOM&#146;s Project Manager. Both of increase or decrease of the Contract
Price due to such modification shall be followed by the Contract amendment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="135"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;18<BR>
Permits and Authorizations</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible to obtain permits and authorizations from the government
and or the third parties when deemed to be necessary for the execution and finishing the
Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall assist the CONTRACTOR, sub-contractor(s) and their non-Indonesian personnel in
obtaining in Indonesia residence/work permits by issuing sponsorship letters. For this
purpose, list of expatriate personnel assigned to Indonesia on a full time basis, shall be
submitted to TELKOM within 30 (thirty)&nbsp;days prior to their arrival in Indonesia. Such list
shall include the names of each person, passport number, intended assignment and
responsibilities, and should be accompanied by curriculum vitae and certificates of graduation
(final education).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall assist the CONTRACTOR in obtaining permits and authorizations from the
government and municipal authorities for entry into occupation and excavation of the property
of a third party for the execution of the Works therein upon the CONTRACTOR&#146;s request.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least kind of permits shall be obtained by TELKOM and the CONTRACTOR respectively as
stated in Attachment-10 (Permit Matrix).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="136"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;19<BR>
Provision of Facilities and Labor by
CONTRACTOR</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specially defined, the CONTRACTOR shall, at his own expense, provide
Construction Equipment, test equipment, test programs, materials, tools, labor,
water, drainage, fuel, oil, electricity, utilities, transportation, and all other facilities
and services, and safety measures, as well as any temporary sheds, platforms, offices,
warehouse, guard posts, and other structures necessary for proper execution of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for proper fencing (if necessary), guarding,
lighting and watching of all Works on Site until the Works have been completed and accepted by
TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall also be responsible for the proper provision
of temporary roadways, and guards, safety signs for the accommodation, protection and safety
of the owners and occupiers of adjacent properties, the public and others.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The facilities and labor provided by the CONTRACTOR specified in Articles 19.1 and 19.2.
above shall comply with the Technical Specification, and relevant laws, ordinances and
regulations in Indonesia and shall be subject to the approval of TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="138"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;20<BR>
Cooperation with Other Contractors</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall conduct his Services so as not to interfere with, or hinder, the
progress or completion of the works being performed by other contractor(s) involved
in the execution of this or any other project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall cooperate with other contractor(s) concerned with Project, and in case of
any dispute, the matter shall be</TD>
</TR>

</TABLE>
</DIV>


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</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>referred to and settled among TELKOM, the CONTRACTOR and other contractor(s).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall, as far as possible, arrange his Works and place and dispose of the
Goods being used, so as not interfere with the installation and/ or the operation of other
contractors. The CONTRACTOR shall execute the Services in an acceptable manner and coordinate
with other contractors.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="140"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;21<BR>
Protection of Existing Telecommunication Systems</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">21.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the implementation of Project period, the CONTRACTOR shall pay special
attention to protect the continuity of the operation of the existing telecommunication
systems.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">21.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that any damage should occur, due to the execution of the Works, the
CONTRACTOR shall be responsible for the costs incurred for the repairs of such damage. The
CONTRACTOR shall not be liable to any consequential, incidental or indirect damages.
The CONTRACTOR&#146;s maximum aggregate liability, whether in tort, contract or otherwise, shall be
limited to one hundred (100)&nbsp;percent of the Contract Price.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">21.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that the CONTRACTOR fails or refuses to incur the costs thereof, TELKOM shall,
without prejudice to its other remedies under the Contract, deduct the cost of such damage
from payment to the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="142"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;22<BR>
Damage to Persons and Property</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Article applies to all claims, losses, expenses and damages for:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>injuries to or death of any persons; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>damage to property, other than the System;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which result directly from the activities of the CONTRACTOR, its Sub-contractors, or agents in the
execution of the Contract.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be liable for all claims, losses, expenses, and damages
described in Article&nbsp;22.1 above, and shall indemnify and save the TELKOM harmless from all
such claims, losses, expenses and damages.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide immediate written notice to the CONTRACTOR of all such claims and suits;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>permit the CONTRACTOR to assume the sole defense of and to settle such claims or suits,
and shall, upon the CONTRACTOR&#146;s request and at the
CONTRACTOR&#146;s expense, furnish all information and reasonable assistance to assist the
CONTRACTOR in the defense or settlement of the same.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for the costs of clean-up and other costs resulting from
environmental damage which results directly from the activities of the CONTRACTOR, its
Sub-contractors or agents in the execution of the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="144"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;23<BR>
Accident or Injury to Workmen</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TELKOM shall not be liable for any damage or compensation payable at law in respect to or in
consequence of any accident or injury to any workman or other person in the employment of the
CONTRACTOR or any Sub-contractor, except an accident or injury resulting from any act or default of
TELKOM. The CONTRACTOR shall indemnify and keep indemnified TELKOM against all such damages and
compensation, except as aforesaid, and against all claims, proceedings, costs, charges and expenses
whatsoever in respect thereof or in relation thereto.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left">
<A name="146"></A>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;24<BR>
Workmanship</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No work shall be covered up or put of view without the approval of TELKOM and the CONTRACTOR
shall afford full opportunity for TELKOM to examine and measure any work which is about to be
covered up or put out of view and to examine in the reasonable time before permanent
work is placed thereon. The CONTRACTOR shall give due notice to TELKOM whenever any such
work ready for examination and TELKOM shall, without unreasonable delay, unless he
considers it unnecessary and advises the CONTRACTOR accordingly, attend for the
purpose of examining and measuring such work.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">24.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any part of the Works found not to be in compliance with the Contract shall be
promptly reconstructed accordingly by the CONTRACTOR at his own expense. No extension of Time
of Completion and no additional cost shall be made in connection therewith.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="148"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;25<BR>
Monthly Progress Report</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">25.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall submit progress report to TELKOM&#146;s Project Manager by e-mail within the
first five (5)&nbsp;calendar days of the following month. The first report is to be issued at
the second month from the Effective Date of Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">25.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Progress report shall describe the progress of the Works by proving and evidencing
objectively the amount of the Works completed in the months concerned.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s special attention shall be directed to preparation of progress report in such
manner and such form that TELKOM can easily examine and confirm the amount of the Goods supplied /
installed and the Works performed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">25.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Progress Report shall cover the following items:</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total progress for the last 2 (two)&nbsp;months and at the end of the months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goods supplied/ installed and Work completed measured in terms of value for each Site
and each for the months concerned and as of the end of the months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s manpower mobilization for the months concerned;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Major problems encountered;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Anticipated Works for the following 4 (four)&nbsp;months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inventory report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Undelivered Goods and shipment schedule;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pertinent information which TELKOM may request, and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%">&nbsp;</TD>
    <TD>The CONTRACTOR shall submit the format of progress report to TELKOM for its approval within 30
(thirty)&nbsp;days after the Effective Date of the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left">
<A name="150"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;26<BR>
Cleaning-up</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall at all times pay due attention to sanitation at Site and keep the Site
free from accumulation of waste materials or rubbish caused by his Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the completion of the Works the CONTRACTOR shall remove all the surplus
materials and rubbish from Site as well as his Construction Equipment, and
waste materials, within such time as designated by TELKOM&#146;s Project Manager.</TD>
</TR>






</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left">
<A name="152"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;27<BR>
Inspection and Tests</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inspection and Test of the Goods</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM or the Inspector shall have the right to inspect and/ or test the Goods in order to
confirm their conformity to the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The inspections and tests may be conducted on the premises of the
CONTRACTOR or its Sub-contractor(s), at the point of delivery and/ or at Site.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When conducted on the premises of the CONTRACTOR or its Sub-contractor(s), all reasonable
facilities and assistance, including access to drawings and production data, shall
be furnished to the Inspector(s) at no charge to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should any inspected or tested Goods fail to conform to the specifications, TELKOM
must reject them and the CONTRACTOR shall replace the rejected Goods to meet
the requirements in the specifications, at no charge to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM&#146;s right to inspect, test and where necessary, replaced Goods after the Goods
arrival at Site shall not be limited or waived by reason of the Goods having previously been
inspected, tested and passed by TELKOM or the Inspector prior to the Goods shipment from the
country of origin.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Interim Inspections and Testing of Works</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall be entitled to request the CONTRACTOR at any time when deemed necessary during
the execution of the Contract, to carry out inspections and tests of the Works so far
constructed/installed in the reasonable time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide such assistance, instruments, machines, and labor as
are normally and reasonably required for examining, measuring and</TD>
</TR>



</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>testing the Works and the quality of any Goods incorporated in the Works at no additional cost to
TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should any portion of the Works or Goods incorporated in the Works fail to conform to the
Technical Specifications after the Site Inspections/ Tests, TELKOM must reject them and the
CONTRACTOR shall immediately repair, replace and/or correct such unsatisfactory portion(s) at
its own cost.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I><b>Acceptance Test of Works.</b></I> Within one (1)&nbsp;month before the conducted Acceptance Test,
CONTRACTOR shall submit the detail item and test procedure for TELKOM&#146;s
approval. Acceptance Test shall be carried out after the System is commissioned by
CONTRACTOR and is ready for Acceptance Test. CONTRACTOR shall
carry out Acceptance Test over the whole Works as referred to in this Contract, at
the Site of installation in accordance with Acceptance Test schedule which shall be submitted
by CONTRACTOR to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Acceptance Test shall be carried out in the presence of both Parties&#146; authorized
representatives.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Prior Notice to Acceptance Test. </I>CONTRACTOR shall give notification to TELKOM
within three (3)&nbsp;calendar days prior to the date of the Acceptance Test. Within three (3)
working days after receipt of such notification, TELKOM shall notify CONTRACTOR of its
approval for such Acceptance Test schedule or TELKOM may propose another Acceptance Test
schedule which shall not be later than three (3)&nbsp;calendar days after
CONTRACTOR&#146;s proposed date, with remain to pay attention to completion date of Works according
to this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Acceptance Test Implementation. </I>After installation and commissioning for System has
been completed by CONTRACTOR, the Acceptance Test shall be carried out and the
result stated in the Acceptance Test</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate (BAUT)&nbsp;shall be submitted to TELKOM&#146;s Project Manager for the purpose of the issuance of
BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Error rectification obligations. </I>Should there be any non-compliance with the Technical
Specifications (hereinafter referred to as &#147;Error&#148;) during Acceptance Test period,
TELKOM and CONTRACTOR shall record such Error in writing and CONTRACTOR shall start to rectify
such Error according to Acceptance Test requirements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Major Remaining Errors. </I>If the result on Acceptance Test indicates System which is not
operable commercially, or causes damage or loss of data or software, or causes
corrupted data (hereinafter referred to as &#147;Major Remaining Errors&#148;), then
CONTRACTOR shall notify TELKOM in writing (a)&nbsp;to stop the Acceptance Test or (b)&nbsp;to extend the
Acceptance Test period.</td>
</tr>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
<td>In case of (a)&nbsp;above, after the Error has been rectified, CONTRACTOR shall notify TELKOM at least
three (3)&nbsp;calendar days before conducting re-testing.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Minor Remaining Errors. </I>If Acceptance Test result indicates the System shall <I>cause </I>failures
other than Major Remaining Errors that do not affect the System to normal operation, TELKOM
can commercially operate the System. The minor items shall be documented and CONTRACTOR
shall rectify such Errors within two (2)&nbsp;months from the issuance of BAST-I or subject to such
Error.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Checking <I>on Acceptance Test Report. </I>Upon the completion of such tests as referred to in this
Article and CONTRACTOR has submitted reports on the System, and any other
requirements have been made available in accordance with the provisions of this
Contract, TELKOM shall check all such reports of CONTRACTOR. In the event any part
of function is not in compliance with Technical Specifications under this
Contract or incomplete, TELKOM shall notify CONTRACTOR in writing within two (2)
calendar days from</TD>
</TR>

</TABLE>
</DIV>


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</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">the presentation by CONTRACTOR of said reports.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Cost for Corrections. </I>All costs incurred in connection with corrections as referred to in
this Article shall become the full responsibility of CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>The issuance of First Hand-Over Certificate (BAST-I); </I>The issuance of the BAST-I by TELKOM,
if CONTRACTOR has been fulfilled his obligations and requirements under this Contract
whit the following conditions:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The acceptance result (BAUT)&nbsp;indicate that the System has been tested and is functioning
properly in accordance to this Contract without any major pending items and
accepted by TELKOM, furthermore TELKOM&#146;s Project Manager will issue BAST-I within
one (1)&nbsp;calendar days after issuance of BAUT.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event TELKOM has put the System commercially operated before BAST-I is issued, then
the System shall be deemed to be accepted and the BAST-I shall be issued by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuance of BAST-I by TELKOM shall not be withheld due to Minor Remaining Errors by
taking into consideration that (i)&nbsp;such deficiency shall not affect to
commercially operation by TELKOM and maintenance activities of the System
under this Contract (ii)&nbsp;such deficiency will be put as an attachment to the BAST-I in order
for CONTRACTOR to rectify in accordance with Article&nbsp;27.8</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BAST-II shall be issued by TELKOM&#146;s Project Manager, five (5)&nbsp;years after the date
of BAST-I provided that CONTRACTOR has fulfilled the following conditions:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all remaining errors have been rectified and reported;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">32</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all warranty obligations have been fulfilled;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as-built drawing has been completed and submitted.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="154"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;28<BR>
Certificates</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">28.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Factory Test Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>After the witnessing of factory tests by the Inspector (if any) has been satisfactorily completed,
the Inspector shall issue a &#147;Factory Test Certificate for Goods&#148; which is signed by both Parties.
Inspector shall state whether or not the test results were satisfactory and the date on which the
witnessing of the factory tests were completed, as well as the particulars of the Goods inspected
and tested. Six (6)&nbsp;copies of such a certificate shall be delivered to the CONTRACTOR within
fourteen (14)&nbsp;days after the CONTRACTOR has submitted to the Inspector the tests data for factory
tests witnessed by the Inspector.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that TELKOM finds it is impossible to dispatch the Inspector to witness a factory test
after having received advanced notice of a factory test from the CONTRACTOR within a period agreed
by both parties, TELKOM shall notify the CONTRACTOR in writing to such effect and upon notification
from TELKOM, the CONTRACTOR shall carry out the factory test without the Inspector&#146;s attendance.
The CONTRACTOR shall prepare the certificate itself and shall guarantee that the result of the test
is within the Technical Specification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall accept the test certificate as though it were a certificate issued by the Inspector.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">28.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goods Arrival Certificate</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the arrival all of the Goods at a Site, Inspector shall make a visual inspection tests to
determine if the Goods are the same and correct in the description of items and quantities,
referred to in the shipping/ delivery documents furnished by the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">In order that TELKOM may make a timely inspection of the Goods delivered to Site, the CONTRACTOR
shall notify TELKOM of the type and quantity of such Goods at least fourteen (14)&nbsp;calendar days
prior to their delivery.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">TELKOM upon a satisfactory result of their inspection and all of the Goods has been completely
delivered within fourteen (14)&nbsp;calendar days thereof, Inspector shall issue to the CONTRACTOR a
Goods Arrival Certificate of the Goods which is counter signed by Parties.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">28.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Final Acceptance Certificate / BAST-II</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the end of the five (5)&nbsp;year warranty period and after the satisfactory
completion of the Acceptance Test, defined in Attachment-7 (Technical
Specification), and provided that the CONTRACTOR has fulfilled its
obligations under the Contract, TELKOM&#146;s Project Manager shall issue a Final
Acceptance Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Final Acceptance Certificate will not apply to those parts which may have been replaced
during the warranty period or to those parts having been the subject of an extension of
warranty according to the provisions of Article&nbsp;29.2 hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuance of Final Acceptance Certificate shall not be unreasonably
withheld or delayed, but in the event that a pattern of failure or pattern of
degradation develops that is likely to cause the System to fail to meet the requirements of
the Contract or such other performance levels agreed upon by the TELKOM over the twenty-five
(25)&nbsp;years design life of the System, final acceptance may be withheld until it can be
demonstrated to the satisfaction of the TELKOM that no pattern of failure or pattern of
degradation shall have developed that is likely to cause the TELKOM to fail
to meet the</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">34</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>requirements of Attachment-7
(Technical Specification), and/or CONTRACTOR&#146;s system description over the twenty-five (25)&nbsp;years
design life. In such event, the validity of the letter of performance security provided for under
Article&nbsp;7 shall remain in force until the Final Acceptance Certificate is issued.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the discretion of the TELKOM with pursuant to Article&nbsp;28.4 the final acceptance tests
programme may consist of a repetition of a part or the whole of the tests of the System
Acceptance test program.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">28.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Completion Overseas Training.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After completion the overseas training for TELKOM&#146;s employee conducted by CONTRACTOR under this
Contract, TELKOM&#146;s Project Manager shall issue a Completion Overseas Training Certificate.
</DIV>

<DIV align="left">
<A name="156"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;29<BR>
Warranty</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall warrant that the Goods supplied under the Contract are new, unused, of
the most recent or current models and incorporate all recent improvements in design and
materials and that all Works performed by the CONTRACTOR shall be perfect in materials and
workmanship. The CONTRACTOR shall further warrant that the Goods supplied and the Works
performed under this Contract shall have no defect arising from design,
materials or workmanship or from any act or omission of the CONTRACTOR, which may
develop during normal use of the Goods supplied and the Works performed in the
conditions existing at Site.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide warranty for the System as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty period shall remain valid for five (5)&nbsp;years commencing from the respective date
of the System Acceptance Certificates.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">35</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR warrants that the System, including its spares, shall conform fully, over the
twenty-five (25)&nbsp;years design life, to the requirements of the Contract or such other
performance levels agreed upon as acceptable by TELKOM and that no pattern of failure or
pattern of degradation shall have developed that is likely to cause the System to fail to meet
the requirements of Attachment-7 (Technical Specification) over the twenty-five (25)&nbsp;years design life.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall promptly notify the CONTRACTOR in writing of any claims arising under this
warranty. Upon receipt of such notice, the CONTRACTOR shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>perform any repair required to restore the System to the requirements of the
Contract or such other performance levels agreed upon by TELKOM, if the System
should fail to meet such requirements at any time during the warranty
period or has developed a pattern of failure or pattern of degradation
that is likely to cause the System to fail to meet such requirements.
However, TELKOM may elect, at their sole option, to make repairs, including at sea
repairs which are covered by the warranty. Any equipment discovered to be defective
or faulty and recovered during a warranty repair shall be returned to the
CONTRACTOR at TELKOM&#146;s request and at TELKOM&#146;s expense. The CONTRACTOR
shall reimburse TELKOM for the cost of such repairs within twenty one (21)&nbsp;days from
receipt of a relevant notice issued by TELKOM. The CONTRACTOR shall be entitled to have a
representative during repair execution to observe the System defective or
faulty recovered. Such repairs by TELKOM shall not in any way diminish the
CONTRACTOR&#146;s obligations under the warranty.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>bear the total cost of each repair required during the warranty period. This cost shall
include but not limited to the cost</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->36<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 10%">of any vessels (including proportionate standing charges and running costs for cable ships from the
maintenance zones) and/or any costs arising from burial or reburial, the components, equipment or
materials requiring replacement, the cost of any additional equipment necessary to effect the
repair, the cost of making the repair, the cost of labor and engineering assistance or development
required to make the repair and all associated costs such as but not limited to shipping and
customs and services that may be required to make the repair.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty period of items not accepted, provided or requiring repair or replacement at the
System acceptance date shall start from the date(s) such items are accepted by
TELKOM. Any defective part repaired or replaced during the warranty period shall itself be
subject to a warranty period of five (5)&nbsp;years.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If during the warranty period defects are found on repeated occasions in any part or parts of
the System or if a pattern of failure or pattern of degradation is likely to cause any part or
parts to fail to meet the specified requirements over the twenty-five (25)&nbsp;years design life,
such part or parts shall not be repaired but shall be replaced by new part(s) at the request
of TELKOM, including all the appropriate spares.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of this Article, a pattern of failure or pattern of degradation shall be
deemed to exist if:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM have notified the CONTRACTOR that in their reasonable
opinion failures of the same or similar mechanisms have occurred which show a deterioration
of System performance that will render the System outside its specification
during its design life, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR, having carried out an investigation, cannot demonstrate to
the reasonable satisfaction of System that:</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->37<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failures/deteriorations are within the predictions of the reliability model or Mean-Time-Between-Failure (MTBF)&nbsp;figures;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">ii.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failures/deteriorations are not due to a design defect in the component or its
application; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="14%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">iii.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failures/deteriorations only apply to a limited number of parts, for example, as the
result of a manufacturing (or batch related) inconsistency.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The investigation into the cause of any failures/deteriorations and any associated remedial
action shall be carried out by the CONTRACTOR within a reasonable time-scale with regular
progress reports as requested by TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition, the CONTRACTOR shall pay to TELKOM all actual expenses (if any) incurred
by TELKOM in testing or examining any part of the System for the purpose of or
in connection with this Article or in connection with making good, replacing or repairing any
part of the System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall make every reasonable effort to minimize the period of time that
the System is out of service for repair and testing. For failures or any
situations which cause or risk to cause an outage of the System, the CONTRACTOR undertakes
to initiate a corrective intervention immediately but in any case no later than
two (2)&nbsp;days after reception of a notice from TELKOM. TELKOM reserve the right to
determine the timing of rectification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall effect all repairs of the System through the use of repair materials
supplied by it. However, the CONTRACTOR with the agreement of TELKOM, may use
the materials needed to effect a repair from TELKOM&#146;s available spare materials, components or
equipment. The CONTRACTOR shall replace such</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->38<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">material supplied from TELKOM&#146;s spare stock at a time mutually agreed by TELKOM and the CONTRACTOR.
All materials supplied to replenish TELKOM&#146;s spare and all materials used to repair the System,
which are not supplied from TELKOM&#146;s spare materials, shall be warranted for a period of five (5)
years from the date of replacement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The repair or replacement of any faulty unit or equipment includes the delivery to
TELKOM with a descriptive report of the fault found and, when appropriate, of the repair
carried out on such faulty unit or equipment. The maximum period for repair of the units or
equipment (including shipping and customs clearance) is defined in Attachment-7
(Technical Specification).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of Marine Portion maintenance:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The usage of universal jointing and/or universal coupling equipment for the maintenance or
repair of the Marine Portion during the warranty period shall not in any way
invalidate the warranty for Marine Portion and the CONTRACTOR shall accept the
warranty responsibility for the universal jointing and/or universal coupling
equipment used during a repair throughout the warranty period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If TELKOM decide to pool any spareparts supplied under this Contract with other
spareparts supplied for other cable systems for which they have maintenance authorities
and where technical compatibility exists, the usage of such other spareparts
supplied from another cable system for maintenance shall not invalidate the
warranty of Marine Portion during the warranty period.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="158"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;30<BR>
Long Term Support</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">30.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For a period of twenty-five (25)&nbsp;years starting on the date of System Acceptance Certificate,
the CONTRACTOR shall supply to the TELKOM:</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->39<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>technical support and advice in respect of the design, maintenance and operation of the System at a reasonable price.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>supplies, replacement equipment, repair service and software support to the System
at a reasonable price.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">30.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where identical parts or components cannot be supplied the CONTRACTOR shall
provide equivalent and compatible parts, and shall be responsible for any
adaptive engineering work and all implementation documentation that may be necessary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">30.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding Article&nbsp;30.2, if for any reason the CONTRACTOR intends to cease
manufacturing identical or fully compatible spare parts and replacement equipment, the
CONTRACTOR shall give a minimum of one (1)&nbsp;year prior written notice to TELKOM to allow
TELKOM to order from the CONTRACTOR any required spare parts and replacement
equipment and shall forthwith provide full details of the equivalents.
However, the CONTRACTOR shall not cease to manufacture such parts and equipment before the
expiration of the warranty period, as described in Article&nbsp;29.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="160"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;31<BR>
Time of Completion</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Works shall be completed within time of completion assigned for each Site as
indicated in Plan of Work. Completion of the Works is signified at the date of issuance of
System Acceptance Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The entire Works under the Contract shall be completed not later than January&nbsp;31, 2009 .</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The PoW shall be indicated in the form of a bar chart and Critical Path Method (CPM)&nbsp;showing:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of readiness for factory test and shipping;</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->40<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of beginning and completing of Site Survey and DRM;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of beginning and completion of installations at the Sites, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The dates of readiness for System Acceptance Test.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide an updated schedule every two (2)&nbsp;months showing
progress. The PoW to be updated shall not relieve the CONTRACTOR&#146;s obligations to
complete the Works in time.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall strictly observe the project implementation in accordance with Time
of Completion as mentioned in Article&nbsp;31.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="162"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;32<BR>
Spare Parts</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the warranty period, all parts that are required to be replaced, shall be supplied by
CONTRACTOR without charge to TELKOM if such replacement is due to imperfect workmanship,
faulty design or faulty material supplied by the CONTRACTOR, or any act, neglect or omission
on the CONTRACTOR&#146;s part or unless such errors or non-compliance have been cause by TELKOM or
third party(ies).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall provide prices and suppliers (local or overseas) information, regarding
spare parts, and suggest the number of spare to be purchased and stocked for the successful
maintenance of the System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall provide a list of spare part including description and quantity as
appropriate by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall agree to supply the spare parts to TELKOM and TELKOM shall have the right to
purchase these spare parts from CONTRACTOR for TELKOM&#146;s maintenance requirements at a price to
be</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">agreed upon. The spare parts or suitable equivalents with the same performance should be available
throughout the design lifetime of the System.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall guarantee that any additional Goods as well as spares shall be supplied
any time for a period of five (5)&nbsp;years from the date of the last Final
Acceptance Certificate of Contract (BAST-II).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall carry out sufficient inventories to assure
ex-stock supply of consumable spares for TELKOM.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="164"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;33<BR>
Tools and Measuring Equipment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide tools and measuring equipment with instruction manuals required
for maintenance and operation of the completed Works in accordance with the Bill of Quantity.
The tools and measuring equipment are detailed in the Technical Specification. Tools and
measuring equipment which provided under this Contract which shall be handed over to TELKOM
are new and original.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the installation and/or construction activities purpose, the CONTRACTOR shall provide all
necessaries tools and measuring equipment by themselves.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="166"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;34<BR>
Term of Payment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The terms of payment of this Works other than Training under this Contract will be made by
TELKOM to CONTRACTOR as follows :</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>15% of the Contract Price will be made after EDC.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>85% of the Contract Price will be made after the BAST-I issued by TELKOM indicating that
the System has successfully been completed and can properly be put into
commercially operation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall submit the following document:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">42</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">For 15% Payment
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cover Letter signed by authorized person</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One (1)&nbsp;Original Invoice and two (2)&nbsp;copies</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Original of advance payment bond</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Tax invoice following the applicable Indonesian regulation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One (1)&nbsp;original receipt and two (2)&nbsp;copies;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">For 85% Payment
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cover Letter signed by authorized person</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One (1)&nbsp;Original Invoice and two (2)&nbsp;copies</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Original of BAST-I;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Copy of BAUT;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Copy of insurance policy for Goods and Services pursuant to Article&nbsp;14.6;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Original of warranty bond</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Copy of certificate of origin from Chamber of Commerce of origin country.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Tax invoice following the applicable Indonesian regulation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One (1)&nbsp;original receipt and two (2)&nbsp;copies;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payment for the Overseas Training.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">TELKOM will make payment 100% for the overseas training to CONTRACTOR after CONTRACTOR submit the
following document:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cover Letter signed by authorized person</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One (1)&nbsp;Original Invoice and two (2)&nbsp;copies</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Original of Completion of Overseas Training Certificate;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Tax invoice following the applicable Indonesian regulation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One (1)&nbsp;original receipt and two (2)&nbsp;copies;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event there are any contract changes pursuant to Article&nbsp;37, the CONTRACTOR may issue
invoice for 85% payment before the contract amendment is signed. TELKOM shall pay maximum
amount of contract price pursuant to Article&nbsp;35.1 before the contract amendment is signed,
or amount of the contract amendment provided that the contract amendment price is
less than the Contract Price as described in Article&nbsp;35.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The currency in which payment is made to CONTRACTOR shall be US Dollar currency.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Period of Payment</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of payment shall be made within thirty (30)&nbsp;calendar days after receipt of complete, valid and
correct documents by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Address of invoicing.<br><br style="font-size: 6pt">
Any invoices and related documents under
this Contract shall be submitted to the
following addresses:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>To:</B></U> PT Telekomunikasi Indonesia,Tbk<br>Att.
Operation Manager, Finance Center<br>
Area-08 Sub-1</TD>
</TR>

<TR>
    <TD style="font-size: 0pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Finance Center Area-08<br>
Jalan Japati No. l, 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> Floor<br>
Bandung 40133</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The payment shall be made by TELKOM to CONTRACTOR though direct transfer which
addressed to :</TD>
</TR>

</TABLE>
</DIV>
<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Beneficiary:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">NEC Corporation</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sumitomo Mitsui<br>Banking Corporation</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"> Address:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tokyo Main Office (211)<br>3-2, Marunouchi<br> 1-chome, Chiyoda-ku,<br> Tokyo, Japan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Account No.:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2657305</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">SWIFT code:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SMBCJPJT</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Transfer fee shall be responsibility of CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->44<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left">
<A name="168"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;35<BR>
Contract Price</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Contract Price for execution of this Contract is as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Summary of Contract Price</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Contract Price (CIF)&nbsp;excluding VAT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap>USD</TD>
    <TD align="right">  11,900,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">VAT 10%</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap>USD</TD>
    <TD align="right"> 1,190,000.00</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Contract Price including VAT</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" nowrap>USD</TD>
    <TD align="right"> <B> 13,090,000.00</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">(Said: US Dollar Thirteen Million and Ninety Thousand Only)
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The details are as mentioned in Attachment-1 (Price Summary and Bill of Quantity) of this
Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No <I>further costs. </I>Contract Price set forth in the breakdown of price as mentioned in
Attachment-1 (Price Summary and Bill of Quantity) of this Contract shall cover the entirety of
parts which are required for the implementation of the Works in accordance with this Contract,
save to the extent any additional or reduced Works as required by TELKOM in writing as
referred to in Article&nbsp;37 and Article&nbsp;38 with respect to addition or reduction of the Works
under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The total Contract Price shall include VAT currently at 10%, income tax, other payable taxes,
duties, levies and fees in accordance with the prevailing laws and regulation that may be
imposed or levied in connection with the execution of the Contract</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unit prices quoted in Attachment 1 (Price Summary and Bill of Quantity) are firm fixed prices
and shall not be varied except new item not defined in such attachment.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->45<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="170"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;36<BR>
Taxes, Levies and Duties</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Taxes and Importation. </I>All taxes (excluding VAT), stamp duty and other duties
in accordance with the Government regulations shall be the responsibility of the CONTRACTOR
Any withholding tax shall be deducted directly by TELKOM from the payment to be
made to CONTRACTOR in accordance with the prevailing laws which is applicable to this
CONTRACTOR, (except the VAT shall be paid by TELKOM to CONTRACTOR to be paid to Indonesian
Government).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All the Goods in US Dollar under this Contract shall be conducted under CIF as referred to in
Incoterm 2000. Therefore, it is agreed by the Parties hereto that: (i)&nbsp;All Goods which are
imported shall be imported in the name of TELKOM and using TELKOM&#146;s Import licence
but under the physical arrangement and management of the CONTRACTOR; (ii)
CONTRACTOR shall initially fund the payment of any import tax, sales tax on luxury goods, if
applicable, prepayment of income tax on import, import or custom duties and all clearance
costs in relation to all imports (iii)&nbsp;CONTRACTOR shall be responsible for and carry out
importation and custom clearance; (iv)&nbsp;All the costs of material import to Indonesia
including storage, penalty, if any shall be the responsibility of the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall reimburse CONTRACTOR for its prepayment of Import VAT on import and
withholding tax within 30 (thirty)&nbsp;calendar day after receipt of a complete
invoice from CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible for any underpayment for import duty, import tax and all
penalties under this contract which appear, if any, after audit conducted by custom office
even this contract is already closed.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->46<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Additional devices. </I>In the event
CONTRACTOR shall require additional devices, apparatus or any other tools in carrying out the Works
which shall be obtained by means of importing them from abroad, then all costs, taxes, retribution
and any other levies thereof shall become the responsibility of CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>CONTRACTOR</I>, shall be responsible at its own cost, for obtaining in a timely fashion all
necessary export permits, licenses and approvals from the country of origin and any
intermediate locations, including the payment of any and all levies for freight handling and
other costs related to such permits, licenses and approvals.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Irregularities to importation procedures.</I>
CONTRACTOR shall be fully responsible for the occurrence of irregularities to either the delivery
of Goods from country of origin, transport procedures or supporting import documents, as set forth
in the Presidential Instruction Number 3 of 1991 dated
25<SUP style="font-size: 85%; vertical-align: text-top">th</sup> July&nbsp;1991 or any replacement
regulations thereof, if any.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties acknowledge that the
CONTRACTOR has a permanent establishment status and VAT registration in Indonesia. Telkom shall
provide the CONTRACTOR with original evidences of tax payment.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="172"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;37<BR>
Contract Change</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM may at any time, by a written order given to the CONTRACTOR pursuant to Article&nbsp;35,
make any change to the provisions of the Contract as may be considered necessary during the
execution of the Works in any one or more of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Volumes and quantities of the Goods to be supplied and the Services to be
performed by the CONTRACTOR, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Plan of Work.</TD>
</TR>

</TABLE>
</DIV>


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<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any change causes an increase or decrease of cost and any part of the Works under the
Contract, an equitable adjustment shall be made in the Contract Price and/or Plan of Work upon
mutual agreement by the Parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall instruct the CONTRACTOR to provide the change or vary the Works, with the
consent in writing. Such change on the Contract Price will be determined as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the variations concern only quantities of equipment or services for which a unit price or
rate is indicated in Attachment-1 (Price Summary and Bill of Quantity), the unit price or rate
as the case may be shall be applied.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the subject of the variations is not covered by a unit price or rate in Price Schedule,
the CONTRACTOR and TELKOM shall mutually agree on such new unit price proposed by CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If such variation effect to any part of the Works or Contract Price, an equitable adjustment
shall be made upon mutual agreement by the Parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any changes in respect of the Contract related to execution of the Works shall only be
recognized or acceded to when that has been agreed in writing by TELKOM. The implementation of
such change may be executed by CONTRACTOR after having approval from TELKOM&#146;s Project Manager.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall not be liable for any additional work unless
CONTRACTOR has fulfill Article
37.5. If the CONTRACTOR proceeds without follow the Article&nbsp;37.5. it shall be deemed a waiver
by the CONTRACTOR of any and all claims for additional payments.</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="174"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;38<BR>
Contract Amendments</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any variation in or modification of the terms of the Contract including but not limited to Contract
Price during the execution of the Contract shall be subject to Contract amendment in writing agreed
by the Parties hereto. The payment of contract variation shall referring to Article&nbsp;34.2.
</DIV>
<DIV align="left">
<A name="176"></A>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;39<BR>
Assignment</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CONTRACTOR shall not assign, in whole or in part, its obligations to perform of Works under the
Contract, except with TELKOM&#146;s prior written consent.
</DIV>

<DIV align="left">
<A name="178"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;40<BR>
Sub-contractors</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">40.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to the appointment of Sub-contractors, the CONTRACTOR shall notify TELKOM in writing of
such intended appointments and shall obtain TELKOM&#146;s written approval.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">40.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s notification of Sub-contractors and subsequent TELKOM&#146;s approval thereof
shall not release the CONTRACTOR from any liability or obligation under the Contract.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="180"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;41<BR>
Delays in the Works Performance</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Articles 37 and 38 the CONTRACTOR shall complete the supply and installation of
the System by the Time of Completion as specified in Article&nbsp;31.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the execution of the Works shall be delayed by reason of any event of force majeure,
without the default or negligence on the part of the CONTRACTOR and pursuant to Article&nbsp;41.3,
the CONTRACTOR may be granted such extension of Time for Completion as shall be mutually
agreed, without any financial claim from the CONTRACTOR to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In connection with Article&nbsp;41.2 and provided that the CONTRACTOR proves that:</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->49<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there is insufficient contingency time indicated in Plan of Work to cover any delay, and;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such delay or any duration of such delays could not be avoided by use of alternative
resources, and;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such delay could not be avoided even after reasonable endeavors have been attempted to
mitigate the impact on Time of Completion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such extension of Time of Completion will only be considered if the CONTRACTOR notifies
TELKOM of the cause of delay within fourteen (14)&nbsp;calendar days of commencement of the delay
and provides to TELKOM, either on completion of the Works or at an appropriate stage in the
Works, satisfactory evidence of the effects of the delay.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the System is not completed in accordance with Article&nbsp;31 or by the end of the period of
extension agreed upon under Article&nbsp;38, the CONTRACTOR shall pay to the TELKOM by way of
liquidated damages pursuant to Article&nbsp;42.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="182"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;42<BR>
Liquidated Damages</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">42.1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Liquidated Damages Amount. </I>For any delay in the Time of Completion pursuant to Article&nbsp;31
and Attachment-2 (Plan of Work), TELKOM shall be entitled for liquidated damages from
CONTRACTOR amounting of 1 <FONT style="font-size: 70%"><SUP>0</SUP></FONT>/<FONT style="font-size: 60%">00</font>

 (one per mil) of Contract Price excluding 10% VAT for
each day delay for a maximum ten percent (10%) of the Contract Price.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">42.2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The sum or sums of liquidated damages as a result of delay pursuant to Article&nbsp;42.1 above
will be deducted from amount of CONTRACTOR&#146;s invoice which is not yet paid by TELKOM without
prejudice to TELKOM&#146;s right of termination under Article&nbsp;43 of this Contract.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->50<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="184"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;43<BR>
Termination for Default</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM may terminate the Contract in whole or in part, if the following conditions are
occurred:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the CONTRACTOR fails to deliver any or all of the Goods or fails to perform any or all of
the Works within Time of Completion specified in Article&nbsp;31, or any extension thereof granted
by TELKOM pursuant to Article&nbsp;38, or;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the CONTRACTOR is in material breach of any of provisions of the Contract</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the CONTRACTOR do not take any action within thirty (30)&nbsp;calendar days since the Effective
Date of Contract;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the CONTRACTOR delay up to fifty (50)&nbsp;calendar days from the agreed Time of Completion as
describe in Article&nbsp;31 without any writing from CONTRACTOR pursuant to Article&nbsp;41.2.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall give notice in writing to the CONTRACTOR to make good the default before TELKOM
terminate the Contract. If the CONTRACTOR fails to make good the default within thirty (30)
calendar days from the date of notice was given, then TELKOM may terminate the Contract. This
condition does not apply to Article&nbsp;43.1.c.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Contract shall be terminated due to the above reasons Article&nbsp;43.1 then TELKOM have
the right to forfeiture the performance bond which will be proprietary of TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event TELKOM terminates the Contract in whole or in part, pursuant to Article&nbsp;43.1.
TELKOM may procure, upon such terms and in such manner as it deems appropriate, the Goods
similar to those undelivered and the Works unperformed, and the CONTRACTOR shall be liable to</TD>
</TR>

</TABLE>
</DIV>


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<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM for any excess costs for such similar Goods and Works. However, the CONTRACTOR shall
continue performance of the Contract to the extent not terminated.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="186"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;44<BR>
Force Majeure</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Articles 41, 42, and 43.1.. the CONTRACTOR shall not be
liable for forfeiture of its performance bond, liquidated damages or termination for default,
if and to the extent that, its delay in performance or other failure to perform its
obligations under the Contract is the result of an event of force majeure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this Article, &#147;Force Majeure&#148; means an event having occurred in Indonesia
which is beyond the control of the CONTRACTOR and not involving the seeable cause. Such events
may be the Government of Indonesia in its sovereign or capacity, fire, flood, earthquake,
landslide, epidemics, freight embargoes, war, hostilities (whether war be declared or not),
invasion, act of foreign enemies, the nuclear and pressure wave risk described in Article&nbsp;9.6.
or in so far as it relates to Indonesia in which the Goods are being and are to be supplied
and the Works are being and are to be executed or maintained, rebellion, revolution,
insurrection, military or usurped power, civil war, or unless solely restricted to the
employees of the CONTRACTOR or of his sub-CONTRACTORs and arising from the conduct of the
Works, riot, commotion or disorder.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the force majeure occurred outside Indonesia, TELKOM may consider to extend of Time of
Completion without any additional cost to TELKOM, provided that the CONTRACTOR shall proves
with a letter statement issued by Authorized Institution related country which related to
event of force majeure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Force Majeure situation arises, the CONTRACTOR shall promptly notify TELKOM in writing
of such condition and the cause thereof. The Contract may be amended or its duration extended
or</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>terminated wholly or partly by mutual agreement of Parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of force majeure, the CONTRACTOR shall be entitled to suspension of the
execution of the Contract for the period such force majeure and its consequences will last.
However, the CONTRACTOR shall seek all reasonable alternative means to continue its
obligations for the Contract area(s) not affected by the force majeure event.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of the suspension of the Works caused by the force majeure event, the CONTRACTOR
shall properly protect and secure the Works during such suspension period. If such protection
and securing of the Works is deemed impracticable, the matter shall be notified by the
CONTRACTOR to TELKOM in writing by clarifying the reason and shall be settled through
negotiation between both Parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should the suspension as specified in Article&nbsp;44.5. have continued for a period exceeding 6
(six)&nbsp;months, either of the Parties hereto shall be entitled to terminate the Contract with
respect to the remaining Works and shall give notice of termination by registered mail or any
alternative means to the other Party.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the case of such termination, TELKOM shall pay to the CONTRACTOR the value of the Goods
forwarded to the Site in Indonesia and the cost of the Works executed prior to the
termination. For all the expenses to be made by the CONTRACTOR for the termination of the
Contract, equitable solution shall be made through negotiation by both Parties hereto.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->53<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="188"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;45<BR>
Termination for Insolvency</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TELKOM may, at any time, terminate the Contract by giving a written notice to the CONTRACTOR,
without compensation to the CONTRACTOR, if the CONTRACTOR becomes bankrupt or otherwise insolvent,
provided that such termination will not prejudice or affect any right of action or remedy which has
accrued or will accrue thereafter to TELKOM.
</DIV>

<DIV align="left">
<A name="190"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;46<BR>
Termination for Convenience</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM, may by written notice sent to the CONTRACTOR, terminate the Contract, in whole or in
part, at any time for its convenience. The notice of termination shall specify that a)
termination is for TELKOM&#146;s convenience, b) the extent to which the CONTRACTOR&#146;s performance
under the Contract is terminated, and c) the date upon which such termination becomes
effective.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Goods that are complete and ready for shipment within 30 (thirty)&nbsp;days after the
CONTRACTOR&#146;s receipt of notice of termination shall be purchased by TELKOM at the Contract
terms and prices. For the remaining Goods, TELKOM may elect:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to have any portion completed and delivered at the Contract terms and Price, and/ or;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to cancel the remainder and pay to the CONTRACTOR an agreed amount for partially completed
Goods and for materials, equipment, and parts previously procured by the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the Works that have been executed prior to effectiveness of notice of termination, TELKOM
shall pay to the CONTRACTOR for all reasonable costs incurred in such execution of the Works,
in due consideration of the sum already paid to the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->54<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left">
<A name="192"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;47<BR>
Resolution of Disputes</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM and CONTRACTOR shall make every effort to resolve amicably by direct informal
negotiation any disagreement or dispute arising between them under or in connection with the
Contract. For this purpose, TELKOM and the CONTRACTOR shall establish Dispute Review Panel as
mentioned in Article&nbsp;47.2 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If after thirty (30)&nbsp;days from the commencement of such informal negotiations, TELKOM and the
CONTRACTOR have been unable to resolve amicably a Contract dispute, either Party may require
that the dispute be referred for resolution to the formal mechanisms specified herein. These
mechanisms may include, but are not restricted to, conciliation mediated by a third party,
adjudication in an agreed national arbitration, Indonesian National Board Arbitration (Badan
Arbitrase Nasional Indonesia) in accordance with the laws of Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties hereto agree decision of BANI shall be final and binding upon them and therefore
no other legal appeal may be permitted to any court of competence. Upon decision of BANI
aforesaid, all terms and conditions of this Contract shall remain valid and the respective
Parties&#146; obligations shall be completed until such dispute is declared to be settled.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The costs incurred by the Dispute Review Panel for the first two members in the performance
of its duties and responsibilities shall be borne respectively by TELKOM and the CONTRACTOR,
and for the third member equally by TELKOM and the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->55<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="194"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;48<BR>
Language and Measurement System</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Contract shall be written in the English and Indonesian languages and shall be indicated in
metric units of measurements system. The Indonesian version of the Contract shall prevail in case
of difference in interpretation between the English version and the Indonesian version. All
correspondence and other documents pertaining to the Contract which are exchanged by the parties
shall be written in Indonesia or English.
</DIV>

<DIV align="left">
<A name="196"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;49<BR>
Applicable Laws and Compliance with
Statutes, Regulations, and By-Laws</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">49.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Contract shall be interpreted in accordance with the laws of Republic of
Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">49.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall, in all matters arising in the performance of the Contract, conform in
all respects with the provisions of national or state statutes, ordinances or other laws or
any regulations or by-laws of any local or other duly constituted authority that shall be
applicable to the Works, and shall keep TELKOM indemnified against all penalties and
liabilities of any kind for breach of any such statutes, ordinances or laws, regulations or
by-laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">49.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM assumes that the CONTRACTOR has thoroughly informed himself about such laws and
regulations, and the CONTRACTOR shall be responsible for the observance of
the same.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">49.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should there occur in Indonesia, subsequent to the date of this Contract, any change to the
provisions of national or state statute, ordinance or other law or any regulation
or by-law of any local or other duly constituted authority, or the introduction of any
such national statute or others which causes an increase or decrease of the Contract
Price and/ or substantial effects in the Time of Completion in the
CONTRACTOR&#146;s
performance under the Contract, such increase or decrease of the Contract Price
and/ or Time of Completion shall equitably</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->56<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>adjusted by mutual agreement between the Parties.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="198"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;50<BR>
Notices</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">50.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice given by one party to the other pursuant to the Contract shall be sent in writing
and shall be addressed to TELKOM and the CONTRACTOR as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>TELKOM</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Project Manager for BSCS</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>PT TELEKOMUNIKASI INDONESIA Tbk.<br>
EGM of TELKOM Infrastructure
Division<br>
Graha Citra Caraka, Lantai M<br>
Jalan Gatot Subroto Kav 52<br>
Jakarta &#151; 12710, Indonesia<br></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Phone No. : (021)&nbsp;5221400<br>
Fax No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : (021)&nbsp;5274300</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U><B>CONTRACTOR</B></U></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Project Manager for BSCS <br>(Contractor Representative)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>NEC Corporation<br>
34-6, Shiba 5-chome, Minato-ku<br>
Tokyo 108-0014, Japan<br>
Phone No. : &#043;81-3-3798-6749<br>
Fax No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : &#043;81-3-3798-9117</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">50.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A notice shall be effective when delivered and signed acknowledge receipt or on the notice&#146;s
effective date, whichever is later.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="200"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;51<BR>
Contractor&#146;s Personnel</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Employees of CONTRACTOR for the execution of the Works under this Contract shall, at all
times, be identified and recognized as the employees of CONTRACTOR under his administrative
control, and shall at no time be identified as employees of TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall obtain and furnish necessary security clearance, personnel passports, visas
and other documents for personnel performing services under this Contract.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->57<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At all times covered by this Contract, CONTRACTOR shall exercise complete control over his
employees.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR and his employees shall conform to all applicable local laws, regulations and
ordinances, and shall promptly correct any violations brought to his attention.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible for the professional and technical competence of his
employees and try his best to select and employ only those persons who in his judgment will be
reliable and competent and who will comply with local laws and customs and conform to a high
standard of moral and ethical conducts.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall agree upon written request from TELKOM&#146;s Project Manager after discussion
with CONTRACTOR, to terminate the employment of any of his employees performing the work under
this Contract, if TELKOM&#146;s Project Manager considers that such termination is necessary to
protect the interest of TELKOM and/or the Government of Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall bear all expenses necessary for such termination of employment and shall
provide personal for replacement, at his own expense.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">51.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall utilize as many local personnel as possible,
and CONTRACTOR&#146;s expatriate
personnel shall be limited only to engineers, specialized technicians and administrative
personnel who are not available in Indonesia.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="202"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;52<BR>
Use of Local Personnel</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CONTRACTOR is encouraged, to the extent practicable and reasonable, to employ staff and labor
with the required qualifications and experience from sources within Indonesia.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
<P align="right" style="font-size: 10pt"><!-- Folio -->58<!-- /Folio -->
</DIV>

</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left">
<A name="204"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;53<BR>
Software License</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">53.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the terms and conditions in this Contract, CONTRACTOR grants to TELKOM
the non-exclusive, non-transferable and non-sublicensable license to use the
software solely on the Goods and at the Sites except as otherwise expressly agreed
in writing between the Parties and to use the software documentation for
such aforementioned purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">53.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall be entitled to produce back-up copy of each item of the software,
respectively, whereby the use of such back-up copy shall be limited to replace the
original software, if the original software is inoperable. TELKOM shall keep
records about the storage of such back-up copies and present such records to CONTRACTOR upon
request.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">53.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM acknowledges and agrees that the software and the software
documentation contain proprietary and confidential information and trade secrets of
CONTRACTOR and its third party licensors, and agrees to keep and treat such software and
software documentation confidential.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">53.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall a) not reproduce, copy, or modify the software in whole or in part except as
authorized by CONTRACTOR in writing or as provided in this Section; and b) not attempt to
decompile, reverse engineer, disassemble, reverse translate, or in any other manner decode the
software except as specifically authorized by compulsory law.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="206"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;54<BR>
Miscellaneous</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">54.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Headings. </I>All headings of the articles set forth in this Contract shall only be for
convenience and therefore it shall not alter, add or affect certain meaning in the
interpretation of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">54.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTRO shall make by its own costs 7 (Seven) copies of this Contact to be delivered to
TELKOM for the control of</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->59<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">




</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>implementation of the Contract and other related activities.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">54.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event any of the articles of this Contract is unenforceable, then such
article shall be deleted and shall be deemed to be of no force or effect. The
Parties shall, to the extent possible, negotiate in good faith to agree upon an
enforceable provision having a materially similar effect, and this Contract shall be amended
accordingly.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">54.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the implementation of this Contract the Parties shall consider business ethics as a public
ethics to success and result of Project quality.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left">
<A name="208"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;55<BR>
Effective Date of Contract (EDC)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Contract shall be effective on the date, month and year first above written.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">IN WITNESS WHEREOF, this Contract is made in three (3)&nbsp;original and executed in Jakarta by duly
representatives of the Parties hereto in view of prevailing laws, bearing sufficient stamp duties,
each of which shall be binding and having the same legal power.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>Signed by</U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>For and on behalf of:</U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>PT TELEKOMUNIKASI INDONESIA, Tbk</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>CONTRACTOR</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Indra Utoyo
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Takashi Kodama</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>INDRA UTOYO<br>
Direktor of IT &#038;Supply</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>TAKASHI KODAMA<br>
Manager Submarine Networks Division</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->60<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.4
<SEQUENCE>6
<FILENAME>u00157exv4w4.htm
<DESCRIPTION>EX-4.4 PROCUREMENT AND INSTALLATION OF JAKA2LADEMA CAPACITY RING BETWEEN TELKOM AND NSW-FUJITSU CONSORTIUM DATED AS OF DECEMBER 30, 2008.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-4.4 Procurement and Installation</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit
4.4 </DIV>
<DIV align="center" style="font-size: 16pt; margin-top: 18pt"><B>CONTRACT FOR THE PROCUREMENT AND INSTALATION<BR>
OF CAPACITY Ring JaKa2LaDeMa PROJECT</B>
</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><b>Nomor:
K.Tel. 657/HK.910/ITS-00/2008</b>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><b>BOOK
1 OF 4</b>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="u00157u0015701.gif" alt="(TELKOM LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Between</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>PT TELEKOMUNIKASI INDONESIA, Tbk</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B><I>and</I></B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>KONSORSIUM NSW-FUJITSU</B></U>

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONTRACT
FOR
THE PROCUREMENT AND
INSTALLATION OF CAPACITY Ring
JaKa2LaDeMa Project
BETWEEN
PT TELEKOMUNIKASI INDONESIA, Tbk.
AND
NSW-FUJITSU CONSORTIUM</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>No.:&nbsp;K.
TEL. 657/HK.910/ITS-00/2008</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This
Contract is made and entered into this day of Tuesday dated
30<sup>th</sup> December
2008, by and between the Parties :
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>I.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT TELEKOMUNIKASI INDONESIA,
Tbk.</B>, a telecommunication services and network provider established under the
laws of Republic of Indonesia, having its domicile at Jalan Japati
No. 1,
Bandung-40133, Indonesia, for the purpose of this Contract duly represented
by <B>INDRA UTOYO, </B>in his capacity as <B>Director IT &#038; Supply </B>based on President
Director Power of Attorney Number: K. TEL. 68/HK.510/UTA-00/2008
dated 22<sup>nd</sup>
December, 2008, hereinafter in this Contract referred to as
<B>TELKOM</B>.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B>II.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>NSW-FUJITSU CONSORTIUM, </B>a
consortium established under the Consortium Agreement dated
16<sup>th</sup> July&nbsp;2008
consist of <B>Fujitsu Ltd, </B>a company established under the laws of Japan,
domiciled at 4-1-1 Kamikodanaka Nakahaia-ku, Kawasaki 211-8588 Japan, as a
<B>Leader </B>and <B>Norddeutsche Seekabelwerke GmbH (NSW), </B>a company established under
the laws of Republic of Germany, domiciled at Kabel Strasse 9-11, D-26954,
Nordenham, Germany, as a member, hereinafter referred to as <B>CONTRACTOR, </B>in
this Contract duly represented by:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>MR.GENSEI KATANO, </B>in his capacity as <B>Group Vice President, </B>Submarine
Networks, Photonics Group Fujitsu Ltd, and</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Page 1 of 81
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>MR. RUDOLF STAHL, </B>in his capacity as <B>Managing Director, </B>NSW.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TELKOM and CONTRACTOR are individually referred to as <B>&#147;Party&#148; </B>and collectively as the <B>&#147;Parties&#148;.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">THE PARTIES WITNESSETH :
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas TELKOM have submitted invitation
regarding Request for Proposal for Direct
Assignment of <B>The Procurement And
Installation of Capacity </B>Ring Jaka21adema
Ref.No.:TEL.833 / LG.240 / SUC-A1035000 /
2008 dated 21 November&nbsp;2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas CONTRACTOR has submitted the
bidding document to TELKOM through its
letter dated 25 November&nbsp;2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas based on the result of evaluation and
clarification to such CONTRACTOR&#146;s bidding
document, TELKOM has appointed and
assigned CONTRACTOR to execute
Procurement and Installation of Ring
JaKa2LaDeMa Project based on TELKOM
Letter No.&nbsp;936/LG.200/SUC-A1035000/2008
dated 22 December&nbsp;2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whereas CONTRACTOR through its letter
dated 23rd December&nbsp;2008, have confirm the
agreement and commitment to accept and execute
Procurement and Installation of Ring
JaKa2LaDeMa Project</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">now therefore, based upon the above-mentioned considerations, the Parties hereto have agreed to
bind each other into this Contract under the following terms and conditions:
</DIV>





<P align="right" style="font-size: 10pt"><!-- Folio -->Page 2 of 81<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER I<BR>
SCOPE OF AGREEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;1<BR>
Definitions</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Contract&#148; </B>shall mean the agreement entered
into between TELKOM and CONTRACTOR, as recorded in the Contract form signed by the Parties including all
attachments thereto and amendment documents incorporated by reference
therein.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING JaKa2LaDeMa</B>&#148; means new WDM transmission network which cover among Ring-8, Ring-4 and
Ring JDCS-DEMACS;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING-8&#148; </B>means new WDM transmission network which connecting Kalimantan island and Sulawesi
island which consist of 1 (one)&nbsp;Systems as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="96%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">System:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine Link<BR>
Sangata &#151; Donggala.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING-4&#148; </B>is new WDM transmission network
which cover among Banjarmasin &#151; Pangkalanbun &#151;
Ketapang &#151; Pontianak, which consist of 2 (two)&nbsp;System as
follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. System 1:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine Link <BR>
Pontianak &#151; Ketapang &#151;<br>
  Pangkalanbun;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. System 2:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine Link<BR>
Banjarmasin &#151; Pangkalanbun.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING JDCS-DEMACS&#148; </B>is new WDM
transmission network which connecting Jember &#151; Denpasar &#151; Mataram, which consist of 2 (two)
System as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. System 1:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine link <BR>Benculuk &#151; Denpasar;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. System 2:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM submarine link<BR> Denpasar &#151; Mataram.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Project&#148; </B>means the Works to be undertaken by CONTRACTOR for the procurement and
installation of <B>RING JaKa2LaDeMa, </B>to be carried out on single
responsibility basis.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 3 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Sub-contractor&#148; </B>means any party or parties approved by TELKOM having a direct contract
with CONTRACTOR for the performance of any part or parts of the Works to be executed under
the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Works&#148; </B>means the objective of the Contract, i.e., supply of Goods, survey, design,
manufacturing, transportation, installation or construction, permits, testing, commissioning,
integrating, completion and operational of the System as required, documentation, training
and any other associated services or activities whatsoever for the execution of the Project
under the Contract by the CONTRACTOR until the issuance of last Final Acceptance Certificate
(BAST 2).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Goods&#148; </B>means and include all kinds of machinery, apparatus, materials, articles, spare
parts, necessary tools and test equipment, relevant drawings, operation manuals, and handbooks
which is CONTRACTOR is required to supply to TELKOM under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">j.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><b>&#147;Services&#148;</b> means the CONTRACTOR&#146;s services and activities such as survey, design,
installation or construction, progress or quality control, testing, reporting, commissioning
and training which the CONTRACTOR is required to execute under the
Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">k.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Contract Price&#148; </B>means the price including any applicable Value Added Tax that will be paid
to the CONTRACTOR for completion of the Works tinder this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">l.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;TELKOM&#146;s Project Manager&#148; </B>means TELKOM&#146;s staff duly authorized by TELKOM to act as their
representative for the execution of the Project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">m.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;CONTRACTOR&#146;s Project Manager&#148;</B>
means CONTRACTOR&#146;s person duly authorized by CONTRACTOR to act as their representative for
the execution of the Project.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 4 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">n.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Default&#148; </B>means any of negligent act or failure in the implementation of the Project in
respect of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">o.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><b>&#147;System&#148;</b> means a network ready for operation and handed over to and accepted by TELKOM,
which consist of as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 4%"><B>&#149;</B>&nbsp;&nbsp;&nbsp;RING-8
</DIV>


<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;System 1:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine link<BR> Sangata- Donggala.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 4%"><B>&#149;</B>&nbsp;&nbsp;&nbsp;RING-4
</DIV>


<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. System 1:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine Link<BR> Pontianak &#151; Ketapang &#151;
Pangkalanbun;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. System 2:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine Link<BR>
Banjarmasin &#151; Pangkalanbun.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 4%"><B>&#149;</B>&nbsp;&nbsp;&nbsp;RING JDCS &#151; DEMACS
</DIV>


<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. System 1:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM Submarine link<BR> Benculuk &#151; Denpasar;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="right" style="margin-top: 12pt">
<TABLE width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. System 2:</TD>
    <TD>&nbsp;</TD>
    <TD>WDM submarine link<BR>
Denpasar Mataram.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">p.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Site&#148; </B>means a place or places to which the
Goods are to be delivered or where the Works
are to be performed by the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">q.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Commissioning&#148; </B>means activities that shall be done by the CONTRACTOR in preparation of the
Acceptance Test.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">r.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Acceptance Test (AT)&#148; </B>means physical and
electrical characteristic checking of the
installation and materials, and testing of System to test the proper functionality of the
Goods installed of each Site in accordance with Article&nbsp;34.4 of
this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">s.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Acceptance Test Report&#148; </B>means written document being made and signed by Parties hereto
through their respective duly representatives, certifying the Acceptance Test has been
completed and stating the results.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">t.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Acceptance Test Certificate&#148; </B>(hereinafter referred to as <B>BAUT) </B>means an official written
statement, dated and signed by acceptance test team assigned by both Parties, indicating that</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 5 of 81<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Works have been performed, completed, tested satisfactorily and can be operated
commercially in accordance with the Contract. BAUT shall be released for each System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">u.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Goods Arrival Certificate&#148; </B>means an official written statement, dated and issued by
TELKOM&#146;s Project Manager indicating that all of the relevant Goods has shipped and arrived at
a Site.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">v.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;System Acceptance Certificate </B>(hereinafter referred to as <B>BAST-I)&#148; </B>means an official written
statement, dated and issued by TELKOM&#146;s Project Manager indicating that System has performed,
completed and tested satisfactorily, can be operated, handed over and accepted by TELKOM in
accordance with the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">w.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Final Acceptance Certificate&#148; </B>(hereinafter referred to as <B>BAST-2)&#148; </B>means an official
written statement, dated and issued by TELKOM&#146;s Project Manager indicating that the entire
System of Land and Marine Portions handed over to TELKOM under the Contract after related
<B>BAST-I </B>and the CONTRACTOR has performed all his obligations under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">x.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Construction Equipment&#148; </B>means the equipment, tools and machinery including specialized test
equipment brought to the Site by the CONTRACTOR for the execution of the Contract, but not to
be purchased by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">y.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Inspector&#148; </B>means the representative(s) or
person(s) duly authorized by TELKOM to inspect the
Goods and the Work under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">z.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Effective Date of Contract&#148; </B>or <B>&#147;EDC&#148;</b> means the date on which contract is effective accordance with Article&nbsp;53.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">aa.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Information&#148; </B>means information whether written or oral, including but not limited to
documentation, specifications, reports, data, notes, drawings, models, patterns, samples,
software, computer outputs, designs, inventions whether patent can be obtained or</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Page 6 of 81
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>not and know how.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">bb.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;Months&#148; </B>and <B>&#147;Days&#148; </B>denote Gregorian calendar months and calendar days, respectively.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;2<BR>
Scope of Works</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Scope of this Contract covers the Procurement and Installation of RING JaKa2LaDeMa,
which consist of 3 (three)&nbsp;System and 5 (five)&nbsp;Subsystem as follows:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING-8&#148; </B>means new WDM transmission network which connecting Kalimantan island and Sulawesi
island which consist of 1 (one)&nbsp;SubSytems as follows:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subsystem #1<br>
(SS#1): WDM Submarine Link Sangata &#151;
Donggala</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING-4&#148;</b> is new WDM transmission network which cover among Banjarmasin &#151; Pangkalanbun
 &#151; Ketapang &#151; Pontianak, which consist of 2 (two)&nbsp;SubSystem as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub System # 1<br>
(SS#1): WDM Submarine Link Banjarmasi &#151; Pangkalanbun</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub System # 2<br>
(SS #2): WDM Submarine Link
Pangkalanbun &#151; Ketapang &#151; Pontianak</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>&#147;RING JDCS-DEMACS&#148; </B>is new WDM
transmission network which connecting Jember
 &#151; Denpasar &#151; Mataram, which consist of 2 (two)
SubSystem as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub System # 1<br>
(SS#1): WDM Submarine link Benculuk
 &#151; Denpasar;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub System <I># </I>2<br>
(SS #2): WDM submarine link Denpasar
 &#151; Mataram.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of the implementation of the Works, CONTRACTOR shall carry out at least the
followings:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Survey, design and engineering;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Page 7 of 81
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Procurement and or manufacturing of equipment, spare part, tools and measuring
equipments and its accessories and delivery of the equipment to the Site;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Land acquisition for station building and beach manhole;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Some permit and authorizations, as in Attachment 9;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Implementation, integration of System to existing system;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Commissioning and testing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Warranty and long term support;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All risk insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Training;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">j.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Documentation.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">2.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Scope of Works shall be adjusted and
executed under the amendment pursuant to Articles 44 of this Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;3<BR>
Time of Completion of the Work.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Works shall be completed on System basis
within time of completion assigned for each Site as indicated in Plan of Work Completion of
the Works of each System is stated at the date of issuance of BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Within seven (7)&nbsp;calendar days from the Effective Date of the Contract, the CONTRACTOR
shall give TELKOM a detailed Plan of Work (PoW) showing the accepted milestones of each Site.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Page 8 of 81
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The PoW shall be indicated in the form of a
bar chart and Critical Path Method (CPM)
showing:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of readiness for factory test
and shipping;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of beginning and completing
of Site Survey and Design Review
Meeting (DRM);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of beginning and completion
of installations at the Sites, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the dates of readiness for System
Acceptance Test.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The entire Works under the Contract shall be
as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>RING-4</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub-System 1 : WDM Submarine
Pontianak &#151; Ketapang &#151; Pangkalanbun
shall be completed not later than 429
day since EDC; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub-System 2 : WDM Submarine
Banjarmasin &#151; Pangkalanbun shall be
completed not later than 459&nbsp;days
since EDC.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>RING-8</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub-System 1 : Submarine WDM link Sangata &#151; Donggala shall be completed not
later than 381&nbsp;days since EDC.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>RING JDCS-DEMACS</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub-System 1 : WDM Submarine link
Benculuk &#151; Denpasar shall be
completed not later than 367&nbsp;days
since EDC; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sub-System 2 : WDM Submarine
Denpasar &#151; Mataram shall be
completed not later than 374&nbsp;days
since EDC.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide an
updated schedule every 2 (two)&nbsp;months
showing progress. The PoW to be updated
shall not relieve the CONTRACTOR&#146;S
obligations to complete the Works in time.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 9 of 81<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">3.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall strictly observe the project implementation in accordance with Time of Completion as mentioned in this Article.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;4<BR>
Contract Price</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Contract Price for execution of this Contract is as follows :</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">Material</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">Service</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL USD</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">TOTAL IDR</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">USD</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">IDR</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">USD</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">IDR</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">(DDU)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">(DDU)</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ring 8: System</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,995,292</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,081,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,076,830</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ring 4: System</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,186,605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,938,407</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,125,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ring JDCS -DEMACS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,736,073</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,980,242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,716,315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39,917,970</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>65,000,187</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>104,918,157</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">VAT 10%</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,991,797</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,500,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,491,816</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Grand Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>43,909,767</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>71,500,206</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>115,409,973</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="9%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="right">Said :</TD>
    <TD>&nbsp;</TD>
    <TD>US Dollars One hundred fifteen
million four hundred nine thousand
nine hundred seventy three.</TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Details of Contract Price as mentioned
in Article&nbsp;4.1 above is specified in
Attachment 5 : Detail of Contract Price
and Bill of Quantity of this Contract.
The final Bill of Quantities will be
subject to the survey and adjusted
Contract Price will be defined
accordingly.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The total Contract Price is on DDU (as
per the INCOTERMS 2000), basis shall
include income tax, other payable
taxes, levies and fees, and V.A.T,of
10% in accordance with the prevailing
laws and regulation that may be imposed
or levied in connection with the
execution of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The unit prices of all items in this
Contract as quoted in Attachment 5
(Detail of Contract</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 10 of 81<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Price and Bill of Quantity) are a firm fixed prices during the Contract period and not
subject to variation on any account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Contract Price shall not vary from the unit prices, with the exception of
adjustment authorized by:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Contract Change as specified in Article
44 of this Contract; and/or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any change to or introduction of
legislation as specified in Article&nbsp;51 of
this Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;5<BR>
Performance Bond</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be established in US Dollar currency and shall be in surety
bond or bank guarantee issued by insurance company or bank according to TELKOM requirement
amounting of 5 % (five percent) of the Contract Price including VAT of 10%. The value of
Performance Bond as calculated at the time of Contract Signature is USD 5,770,499 (US
Dollars Five million seven hundred seventy thousand four hundred
ninety nine).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be a bank guarantee or surety bond, issued by a bank/insurance
company in accordance with TELKOM&#146;<B>s </B>requirement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be valid in accordance with the date of Effective Date of
Contract until the issuance of the BAST-1 of the last System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be submitted by CONTRACTOR to TELKOM within 14 (Fourteen)
calendar days after this Contract signature date address to :</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT Telekomunikasi Indonesia, Tbk. </B><br><B>
Att. Finance Center Area 00 Corporate </B><br><B>
Jalan Japati 1 Lantai 3 </B><br><B>
Bandung 40133, Indonesia</B></TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 11 of 81<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The performance bond shall be reduced by TELKOM to CONTRACTOR within 14 (fourteen)&nbsp;calendar
days by 100% of the Contract Price of each System after the Issuance of BAST-1 for related
System and the warranty bond of the System had been issued by CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event CONTRACTOR fails to accomplish the Works or its parts in accordance with the
terms and conditions of this Contract, due to gross negligence and/or willful misconduct of
CONTRACTOR, then CONTRACTOR and TELKOM shall meet to review the situation. If the CONTRACTOR
failed to make good such default, then TELKOM is entitled to forfeit the performance bond with
prior written consent from CONTRACTOR which shall become property of TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">5.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The forfeit of the performance bond as described in Article&nbsp;5.6 above, shall not
release CONTRACTOR form his obligation as described in Articles 40 of this Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;6<BR>
Warranty Bond</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR should provide a warranty bond for the System have been completely done, each in the amount which is 5% (five
percent) of Contract Price of related System respectively, as mentioned at Article&nbsp;4 of
this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty bond shall be a bank guarantee or surety bond, issued by a bank/insurance company in accordance with TELKOM&#146;s requirement</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty bond should be valid as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for terrestrial portion, shall remain valid for 1 (one)&nbsp;year commencing from
the respective date of BAST-I; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for marine portion, shall remain valid for 5 (five)&nbsp;years commencing from the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 12 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>respective date of BAST-I and shall be deducted 1% annually.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty bond shall be submitted by CONTRACTOR to TELKOM together with the invoice
of each related System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">6.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty bond shall be released by TELKOM to CONTRACTOR after the issuance of BAST-2 of each related System, in
accordance with the terms and conditions regarding the implementation of warranty
period as mentioned in Article&nbsp;26 of this Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER II<BR>
TERMS AND CONDITIONS OF
WORK IMPLEMENTATION</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;7<BR>
Use of Contract Documents
and Confidential Information</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall not, without TELKOM&#146;s prior written consent, disclose this Contract, or any provision thereof, or any
specification, plan, drawing, pattern, list, schedule, sample or information furnished by or
on behalf of TELKOM in connection therewith, to any person other than a person employed by
CONTRACTOR in the performance of this Contract. Disclosure to any such employed person shall
be made in confidence and shall extend only so far as may be necessary for the purpose of
performance of the Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall not, without TELKOM&#146;s prior written consent, make use of any document or
information enumerated in Article&nbsp;7.1 except for purpose of performing this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any documents as mentioned in Article&nbsp;7.1 other than this Contract itself, shall remain the
property of TELKOM and shall be returned (and</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 13 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all copies) by CONTRACTOR to TELKOM on completion of this Contract if so required by TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">7.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties hereby undertake to keep and maintain the confidential information received from the other Party during the term of this
Contract in strict confidence and to use it only in accordance with the purpose of
fulfilling this Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;8<BR>
Workmanship</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No work shall be covered up or put of view without the approval of TELKOM and the CONTRACTOR shall afford full opportunity for TELKOM
to examine and measure any work which is about to be covered up or put out of view and to
examine in the reasonable time before permanent work is placed thereon. The CONTRACTOR shall
give due notice to TELKOM whenever any such work ready for examination and TELKOM shall,
without unreasonable delay, unless TELKOM considers it unnecessary and advises the
CONTRACTOR accordingly, attend for the purpose of examining and measuring such work or of
examined.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any part of the Works found not to be in compliance with the Contract shall be promptly
reconstructed accordingly by the CONTRACTOR at CONTRACTOR own expense. No extension of time of
completion and no additional cost shall be made in connection therewith.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 14 of 81<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;9<BR>
Appointment of Project Manager</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM appoint a project manager who shall be duly authorized to act on behalf of TELKOM
for the execution of the Project:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EGM Infrastructure Telecommunication<BR>
Graha Citra Caraka, Lantai M<BR>
Jl. Gatot Subroto, Kav 52, Jakarta<BR>
Telp. 021-5221500<BR>
Fax. 022-5229600</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR, immediately after the signing of the Contract, shall duly appoint his
Project Manager and notify TELKOM for approval thereof The curriculum vitae of the
CONTRACTOR&#146;S Project Manager shall be submitted to TELKOM
together with the notification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">9.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;S Project Manager shall
be duly authorized to act on behalf of the
CONTRACTOR with respect to any and all
matters relating to the performance of the
Contract, and he shall give full technical information to TELKOM. The
CONTRACTOR&#146;S Project Manager shall be stationed in Indonesia during the period commencing not
later than thirty (30)&nbsp;days after the Effective Date of the Contract and terminating after the
completion of the CONTRACTOR&#146;s obligations under the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;10<BR>
Appointment of Sub-contractors</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to the appointment of Sub-contractors, the CONTRACTOR shall notify TELKOM in writing
of such intended appointments and shall obtain TELKOM&#146;s written approval, which shall not be
unreasonable withheld or delayed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">10.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s notification of Sub-contractors and subsequent TELKOM&#146;s approval thereof
shall not release the CONTRACTOR from any liability or</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 15 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>obligation under the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;11<BR>
Packing Activity</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide such packing of the Goods as is required to prevent their
damage or deterioration during transit to their final destination as
indicated in the Contract.
The packing shall be sufficient to withstand, without limitation, rough handling during
transit, exposure to extreme temperatures, briny environment, and condensation / precipitation
during transit and open storage. Packing case size and weights shall take into consideration,
where appropriate, the remoteness of the Goods final destination and the absence of heavy
handling facilities at all points in transit.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any case, crate, bundle, and whatever method of packing the Goods for shipping and/or
delivery, shall bear the following identification legibly and indelibly marked on at least 2
(two)&nbsp;external sides or places:</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>PT. Telekomunikasi Indonesia, Tbk</B><BR><B>
Att.: Project Manager Construction<BR>
Pengadaan dan Pemasangan Ring JaKa2LaDeMa</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 5%">CONTRACT
NO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
LICENSE NO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
SITE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
CASE NO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:&nbsp;&nbsp;(A/B/C) *)<BR>
PORT OF DESTINATION :<BR>
INVOICE NO &#038;DATE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
NET WEIGHT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
GROSS WEIGHT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
VOLUME&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;:<BR>
(LENGTH/WIDTH/HEIGHT)
</DIV>

<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">*)&nbsp;</TD>
    <TD width="3%" nowrap align="left">A&nbsp;:</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&nbsp;&nbsp; Sequence No. of cases</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">B&nbsp;&nbsp;:</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total No. of cases in shipment</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">C&nbsp;&nbsp;:</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sequence No. of shipment</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The detailed address shall be given to CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 16 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">11.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall comply with any
subsequent instruction given or alteration required by TELKOM pertaining to packing, marking,
and documentation inside and outside of any pieces of shipment or delivery under the condition
that it will only create reasonable additional cost for the
CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;12<BR>
Transportation and Storage of Goods Activity</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Partial shipment is acceptable, but
transshipment shall be as far as possible avoided. The word
&#147;transshipment&#148; assigned herein means
that the Goods shipped on board of the ocean vessel at the port of origin are transferred to
another ship at a port of the country of origin or a port in any third country before they reach
the port of the country of final destination The CONTRACTOR is encouraged, to the extent
practicable and reasonable, to utilize Indonesian Flag carrier
vessels.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Goods delivered to Site shall be stored in the
CONTRACTOR&#146;s storage area until
actually required for incorporation of the Works. The CONTRACTOR shall be responsible for the
safety of the Goods during storage. The CONTRACTOR shall be aware of the high humidity and its
effects to Goods subject to corrosion in storage areas in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for the handling and safe movement of the Goods during
off-loading from and loading into transport, until the completion of
the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">12.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for the payment of all expenses for clearing the Goods
through the port of arrival, for transportation to Site and storage.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 17 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;13<BR>
Closing Insurance</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Without limiting its obligations and responsibilities, the CONTRACTOR shall, prior to the
commencement of any Work, and at its own expense, provide evidence within seven (7)&nbsp;calendar
days from the EDC, insurance to cover its liabilities throughout the Contract and in the
joint name of TELKOM and the CONTRACTOR as the insured:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD> (i)&nbsp;the Works and any work in progress of every kind required for the execution,
testing and completion of the Works including, but not limited to, the completed item to
the full value of such Works and any work in progress executed from
time to time;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(ii) all appliances, instruments or things of whatsoever nature required in or pertaining to
the execution, testing and completion of the Works, constructional plant, the materials and
other things brought on to the Site by the CONTRACTOR to the full value of such
constructional plant, materials and other things, against all losses or damages from whatever
cause in respect of all risks including, but not limited to, marine cargo (Note 1), sea bed
(Note 2) and war risk (Note 3) arising for which it is responsible under the terms of the
Contract and in such manner that TELKOM and the CONTRACTOR are covered during the period of
construction of the Works;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>against any damage, loss or injury which may occur to any property (including that of
TELKOM) or to any person (including any employee of TELKOM) as a result of the execution
of the Works or temporary work;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>against any damage or compensation payable under statute or at law in respect or in
consequence of any accident or injury to any person in the employment of the CONTRACTOR
or any Sub-</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 18 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>contractor. The CONTRACTOR shall indemnify and keep indemnified TELKOM against all such
damages, compensation, claims, demands, proceedings, costs, charges and expenses,
whatsoever in respect thereof at its own expenses;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a general liability policy, sufficient to cover its liability under the Contract until the
end of the warranty period or any extension thereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The total prices contained in total amount of Contract shall include any premium amounts paid or to
be paid by the CONTRACTOR for the insurance coverage hereinabove stated.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">Note 1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine cargo or equivalent coverage is required to protect against all risks of physical
loss or damage to the cable, terminal station equipment and other equipment to be included in
the System (other than war risks) beginning with the date when each such equipment is ready
for shipping and ending when the cable are placed over side the cable laying vessel and when
the terminal station equipment is delivered to the terminal stations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">Note 2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sea bed or equivalent coverage is required to protect against all risks of physical loss
or damage to the equipment described in Note 1 above (other than war risks) from the time
coverage under Note 1 above ends until the issuance of the Certificate of System Acceptance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">Note 3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>War risks or equivalent coverage is required to protect against damage to, seizure by
and/or destruction of the System/Sub-system by means of war, piracy, takings at sea, other
warlike operations and &#147;excepted risks&#148; as stated in Article&nbsp;41.5 until the issuance of the
BAST-I.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 19 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the issuance of each policy relative to such insurance and not later than
fifteen (15)&nbsp;calendar days prior to each renewal thereof, the CONTRACTOR shall furnish
TELKOM with insurance certificate, indicating that the relevant premiums have been paid
and that the said policy is and will continue to be in full force.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For all insurance to be effected, the CONTRACTOR is encouraged, to the extent practicable and
reasonable, to use an Indonesian government insurance company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The insurance shall be effected, wherever applicable, in such a manner that TELKOM and the
CONTRACTOR are covered:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for the period specified in this Contract (Article&nbsp;3);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>during the warranty period for any loss or damage arising from a cause
occurring prior to the commencement of the warranty period; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for any loss or damage occasioned by the CONTRACTOR in the course of
any operation carried out by him for the purpose of complying with his obligations
under Article&nbsp;26 and 30 of this Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the CONTRACTOR shall fail to effect and keep in force the insurance specified herein,
then after reasonable notification in advance to the CONTRACTOR, TELKOM may effect and keep
in force any such insurance and pay such premium or premiums as may be necessary and from
time to time deduct the amount so paid by TELKOM from any money due or which may become due
to the CONTRACTOR, or recover the same as a debt due from the CONTRACTOR. The CONTRACTOR
shall be liable to TELKOM for the full consequences of CONTRACTOR failure to insure under
this Contract.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 20 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall furnish
TELKOM with a copy of any insurance
certificate to be effected under the Contract
upon TELKOM&#146;s request The CONTRACTOR shall further furnish TELKOM with draft
copies of any insurance certificate after the receipt of notification of award and
formal copies of insurance certificates immediately after such insurance come into
effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specifically agreed upon by the Parties, it shall be the responsibility of
the CONTRACTOR to notify the insurance company, and proceed with all claims arising from any
damage or loss of the Goods and Works covered by the insurance on behalf of and for TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All money received (limited to such monies which are directly related to the goods and
related services) under the insurance policy either by the CONTRACTOR or by TELKOM shall be
applied towards the replacement or repair of the Goods and/or the Works found missing or
damaged. The CONTRACTOR shall be responsible for replacement or repairing of the items within
the settlement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall indemnify TELKOM against all claims, losses, expenses, etc. arising out
of or resulting from any default by the CONTRACTOR in complying with the requirements of this
Article under the limitation as stated in the Contract Article&nbsp;21.2.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine Insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine Insurance of the Goods shall be effected in the name of CONTRACTOR from
&#147;warehouse to warehouse&#148; on &#147;All Risks&#148; basis including war risks and strike as stated
in Article&nbsp;13.1.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Local Transportation Insurance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For Goods supplied from within Indonesia, insurance for local transportation shall be
effected in the name of CONTRACTOR in a full amount of the ex-factory value of the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 21 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goods from the place where the Goods are shipped to a designated Site.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.12</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;s All Risks Insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;s All Risks Insurance shall be effected prior to commencement of the Works in
the name of CONTRACTOR to cover all risks other than the excepted risks as mentioned in
Article&nbsp;41.5 of during the execution of the Works against physical loss of or damage to
all Goods and Works to the full value until the issued of System Acceptance Certificate,
as security for repairment of the Work.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.13</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third Party Liability Insurance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Third party liability insurance shall be effected prior to commencement of the Works to
insure against the CONTRACTOR&#146;s liability for any material or physical damage, loss or
injury which may occur to any property, including that of TELKOM or to any person,
including any employee of TELKOM, by or arising out of the execution of the Works or in
the carrying out of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">13.14</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Workmen&#146;s Compensation Insurance</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to commencement of the Works, the CONTRACTOR shall effect and shall maintain during
the period of Contract, Workmen&#146;s compensation insurance for all personnel employed by
CONTRACTOR and the people who work with CONTRACTOR, in connection with the Works, as
security for compensation benefits pursuant to the applicable laws of Indonesia against
the Works related to injury or employer&#146;s liability. Regardless the workmen&#146;s
compensation Insurance shall be procured in accordance with Laws of the Employees
country, or the equivalent by which the employers are abide.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 22 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;14<BR>
Delivery of Goods and Documentations</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Delivery of the Goods shall be made by the CONTRACTOR in accordance with the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All physical deliveries covered by this Project shall be accompanied by a consignment
note, which includes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Name and registered office of CONTRACTOR;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Contract number;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Date of shipment and delivery;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Country of Origin;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Name, brand, and quantities of Goods;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Copy of Supplier Statement of product originalities from authorized
distributor or from the company certified in the quality assurance certificate
issued by TELKOM;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quality Assurance certificate issued by TELKOM which shall be limited
for cable and transmission equipment only;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Packing List and Delivery Order.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">14.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall visually inspect the equipment on delivery to the installation Site based on a
copy of the goods shipping documents and TELKOM&#146;s Project Manager shall promptly issue a Goods
Arrival Certificate if there is no obvious physical damage to the equipment and the quantity
of equipment delivered is correct according to the supporting Documentation provided, as
described in Article&nbsp;14.2 of this Article. The quantity of the submersible plant is based on
the actual quantity to be required for the Project which will be subject to Contract
Amendments based on the result of the marine route survey in accordance with Article&nbsp;44.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 23 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;15<BR>
Familiarity with Site and Works</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be deemed to have familiarized himself with the nature of Site of the
Works, the general and local conditions and regulations of Site and all other matters which
can in any way affect the Works and Time of Completion under the Contract Any changes shall be
subject to the findings as per Article&nbsp;16.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be deemed to have satisfied himself at the time of Contract as to the
correctness and sufficiency of his price stated in the price schedule which shall cover all his
obligations under the Contract for proper performance, completion and maintenance of the Works
It is entirely the CONTRACTOR&#146;s responsibility for any errors in the computation or summation
of the price schedule or for any incorrect perception of the Scope of Works and for the
quality of the System to be attained at the completion of the Project which is finally subject
to the findings according to the Article&nbsp;16 TELKOM will not compensate the CONTRACTOR for any
financial loss, or for any errors discovered after the bid submission or during the execution
of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">15.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall, by careful examination, satisfy himself in respect of all pertinent
conditions which may in any manner affect the execution of the Works, such as, but not
limited to, the nature and location of the Works to be performed, the character, quality and
quantity of the Goods to be delivered, the CONTRACTOR&#146;s facilities including the construction
equipment to be used, labor condition, transportation conditions and general and local laws
and regulations. The CONTRACTOR will ensure that any allowance for all the foregoing factors
and all other risks, conditions or other circumstances has been included in the Contract
Price No claim shall be considered for extra costs or extensions of time due to any
difference between the actual conditions and those</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 24 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which may have been anticipated by the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;16<BR>
Site Survey, Design/Drawing and DRM</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall at his own expense conduct Site survey both of Land and Marine
Portion to perform all CONTRACTOR obligations in this Project, review the plans furnished by
TELKOM and prepare the installation designs/drawings and Bill of Quantities.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall prepare the detailed design and the installation drawings for all the
System and facilities on the basis of the Technical Specifications as describe in Attachment
11 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The installation designs/drawings shall be prepared with due consideration of economic and
quality aspect of the System fully reflecting the Site conditions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Survey reports and installation designs/drawings shall be submitted to TELKOM&#146;s
Manager Proyek for approval, System by System where applicable, within such time as specified
in the Attachment-8(Implementation Schedule) at least one (1)&nbsp;month after Design Review
Meeting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Survey report and installation design/drawings shall be discussed and agreed by both
Parties during DRM.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall have detail review meeting that organised by CONTRACTOR to ensure alignment
of network deployment with detail BoQ requirement based on site readiness as result of site
survey and market requirements. The DRM shall be held in Indonesia for 10 to 15 persons,
transportation made by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM&#146;s Project Manager shall give</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 25 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR approval for such design and installation drawings within fourteen (14)
calendar days after the submission</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM&#146;s approval of survey reports and installation designs/drawings shall not relieve
the CONTRACTOR of any of his obligation under the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If during the execution of the Works, modification of the
CONTRACTOR&#146;s installation
designs/drawings becomes necessary, the CONTRACTOR shall notify TELKOM of his finding at the
Site and obtain approval for such modifications from TELKOM. Any modifications of designs/drawings
shall be made without extra costs to TELKOM For the corresponding work, Article&nbsp;44.6
shall be applicable.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for the CONTRACTOR&#146;s own reason, any increase or decrease of the Contract Price,
occasioned by variation in quantities of the Goods installed and the Works performed based on
modification of designs/drawings approved or instructed by TELKOM, shall be equitably adjusted
as mentioned in Article&nbsp;44.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">16.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If TELKOM&#146;s Project Manager requires to modify such design and installation drawings
after approval pursuant to Article&nbsp;16.9 above, CONTRACTOR shall submit to TELKOM&#146;s Project
Manager modification application by clarifying its scope and reason. Such modification can be
made only when it approved in writing by TELKOM&#146;s Project Manager.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 26 of 81<!-- /Folio -->
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;17<BR>
Permits and Authorizations</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible to obtain permits and authorizations as stipulated an
Attachment-9 of this Contract for both of Land and Marine portion, from the government and or
the third parties when deemed to be necessary for the execution and
finishing the Works. The
Permits should be requested by CONTRACTOR with reasonable efforts. The CONTRACTOR can not be
held responsible for any delays caused by delayed obtaining of
permits from the authorities.
Any such delay shall be notified to the TELKOM and the delay and the impact on the Project
shall be quantifiable and verifiable. A corresponding extension of time under those
circumstances shall be given to the CONTRACTOR in his Plan of work. CONTRACTOR shall make
reasonable efforts to minimise the impact of this delay.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall assist CONTRACTOR, sub-contractor(s) and their non-Indonesian personnel in
obtaining in Indonesia residence/work permits by issuing sponsorship
letters. For this
purpose, list of expatriate personnel assigned to Indonesia on a full time basis, shall be
submitted to TELKOM within 30 (thirty)&nbsp;days prior to their
arrival in Indonesia. Such list
shall include the names of each person, passport number, intended assignment and
responsibilities, and should be accompanied by curriculum vitae and certificates of
graduation (final education).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall assist CONTRACTOR in obtaining permits and authorizations from the government
and municipal authorities for entry into occupation and excavation of the property of a third
party for the execution of the Works therein upon the CONTRACTOR&#146;s request.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">17.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least kind of permits shall be obtained by CONTRACTOR respectively as stated in
Attachment-9 (Permit Matrix).</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 27 of 81<!-- /Folio -->
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;18<BR>
Provision of Facilities</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specially defined, the CONTRACTOR shall, at his own expense, provide
Construction Equipment, test equipment, test programs, materials, tools, labor, water,
drainage, fuel, oil, electricity, utilities, transportation, and all other facilities and
services, and safety measures, as well as any temporary sheds, platforms, offices, warehouse,
guard posts, and other structures necessary for proper execution of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall be responsible for proper fencing (if necessary), guarding, lighting
and watching of all Works on Site until the Works have been completed and accepted by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall also be responsible for the proper provision of temporary roadways,
and guards, safety signs for the accommodation, protection and safety of the owners and
occupiers of adjacent properties, the public and others.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">18.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The facilities provided by the CONTRACTOR specified in this Articles shall comply with the
Technical Specification as describe in Attachment 11 of this Contract, and relevant laws,
ordinances and regulations in Indonesia and shall be subject to the approval of TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 28 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;19<BR>
Provision of Labor,<BR>
Use of Local Personnel and Local Content</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall, at his own expense, provide any necessary labour for proper execution of
the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR is encouraged, to the extent practicable and reasonable, to employ staff
and labor with the required qualifications and experience, from sources within Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the execution of the Works under this Contract, employees of CONTRACTOR shall be
identified and recognized as the employees of CONTRACTOR at all times, under his
administrative control, and shall at no time be identified as employees of TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall obtain and furnish necessary security clearance, personnel passports,
visas and other documents for personnel performing the Work under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At all times covered by this Contract, CONTRACTOR shall exercise complete control over his
employees.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR and his employees shall conform to all applicable local laws, regulations
and ordinances, and shall promptly correct any violations brought to his attention.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible for the professional and technical competence of his
employees and try his best to select and employ only those persons who in his judgment will
be reliable and competent and who will comply with local laws and customs and conform to a
high standard of moral and ethical conducts.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall agree upon written request from TELKOM&#146;s Project Manager after discussion
with CONTRACTOR, to</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 29 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>terminate the employment of any of his employees performing the work under this
Contract, if TELKOM&#146;s Project Manager considers that such termination is necessary to
protect the interest of TELKOM and/or the Government of Indonesia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall bear all expenses
necessary for such termination of employment and shall provide personal for
replacement, at his own expense</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall utilize as many local personnel as possible, and
CONTRACTOR&#146;s expatriate personnel shall be limited only to engineers, specialized
technicians and administrative personnel who are not available in Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">19.11</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall utilize as many local content (local product) as possible for proper
execution of the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;20<BR>
Cooperation with Other CONTRACTORs</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall conduct his Services so as not to interfere with, or hinder, the
progress or completion of the works being performed by other contractor(s) involved in the
execution of this or any other project.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall cooperate with
other contractor(s) concerned with Project. In case of any dispute, it has to be
solved promptly without loosing any time by TELKOM. If any instruction from TELKOM
leads to Contract Variation then it has to be accepted by all parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">20.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall, as far as possible, arrange his Works, place and dispose of the
Goods being used, so as not interfere with the installation and/ or the operation of other
contractors. The CONTRACTOR shall execute the Services in an acceptable manner and coordinate
with other contractors.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 30 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;21</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>Protection of Existing Telecommunication Systems</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">21.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the implementation of Project period, the CONTRACTOR
shall pay special attention to protect the continuity of the
operation of the existing telecommunication systems.
</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">21.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that any damage should occur, due to the
execution of the Works, the CONTRACTOR shall be responsible for
the costs incurred for the repairs of such damage. The CONTRACTOR
shall not be liable to any consequential, incidental or indirect
damages. The CONTRACTOR&#146;s maximum aggregate liability, whether in
tort, contract or otherwise, shall be limited to one hundred (100)
percent of the Contract Price.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">21.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that the CONTRACTOR fails
or refuses to incur the costs thereof, TELKOM shall, without prejudice to its other remedies
under the Contract, deduct the cost of such damage from payment to the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;22</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>Arrangement on Interference with Traffic and Adjoining Properties</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All operations necessary for the execution
of the Works shall, so far as compliance with the requirements of the Contract permits, be
carried on so as not to interfere unnecessarily or improperly with the convenience of the public or
the access to, use and occupation of public or private roads and footpaths to or of properties
whether in the possession of TELKOM or of any other person.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall use every reasonable means to prevent any of the highways or</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 31 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>bridges communicating with or on the routes to the Site from being damaged or injured by any
traffic of CONTRACTOR or any of his Sub-Contractors and in particular shall select routes,
choose and use vehicles and restrict and distribute loads so that any such extraordinary
traffic as will inevitably arise the moving of the Goods from and to the Site shall be limited
as far as reasonably possible and so that no unnecessary damage or injury may be occasioned to
such highways and bridges.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">22.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where the nature of the Works is such as to
require the use by the Contractor of water-borne transport, the provisions of Article&nbsp;22.2
herein shall be construed as though &#147;highway&#148; included a lock, dock, sea wall or other
structure related to a waterway and &#147;vehicle&#148; included craft and shall have effect
accordingly.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;23</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Monthly Progress Report</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall submit to
TELKOM&#146;s Project Manager &#147;Progress Report&#148; every month, in 2 (two)&nbsp;hard copies and 1 (one)&nbsp;soft
copy, within the first ten (10)&nbsp;calendar days of the following month, with the first report is
to be issued at the second month from the Effective Date of Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Progress report shall describe the progress of the Works by proving and evidencing
objectively the amount of the Works completed in the months concerned.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The CONTRACTOR&#146;s special attention shall be directed to preparation of Progress Report in such
manner and such form that TELKOM can easily examine and confirm the amount of the Goods
supplied/installed and the Works performed on a basis of System.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 32 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">23.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Progress Report shall cover the following items:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Total progress for the last 2 (two)&nbsp;months and at the end of the months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goods supplied/installed and Work completed measured in terms of value for each Site
and each for the months concerned and as of the end of the months;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR&#146;s manpower mobilization for the months concerned;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Major problems encountered;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Anticipated Works for the following 2 (dua)&nbsp;months. However for the first report for
DRM, the CONTRACTOR must report Anticipated Work for the whole implementation period;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inventory report;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Undelivered Goods and shipment schedule;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pertinent information which TELKOM may request, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payment schedule, in which the CONTRACTOR shall estimate the receipt of payment from
TELKOM on System basis for the entire period of the Contract, including the latest status
of the amount already received. The form of payment schedules will be furnished by TELKOM
to the CONTRACTOR. Payment schedule shall be updated by every new progress report to be
issued.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">23.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall submit the format of
progress report to TELKOM for its approval within 30 (thirty)&nbsp;calendar days after the
Effective Date of the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;24</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Cleaning-up Activity</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall at all times pay
due attention to sanitation at Site and keep the Site free from accumulation of waste
materials or rubbish caused by CONTRACTOR&#146;s Works.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 33 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">24.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the completion of the Works the
CONTRACTOR shall remove all the surplus materials and rubbish from Site as well as his
Construction Equipment, and waste materials, within such time as designated by TELKOM&#146;s Project
Manager.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;25</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>As-built Drawings</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">25.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As specified under the Contract, the
CONTRACTOR shall be required to furnish TELKOM with as-built drawings upon completion of the
Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">25.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM may request the CONTRACTOR to furnish such as-built drawings in the form that they
will meet the requirements of and subsequently be integrated into Computerized Local Networks
Records System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">25.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In such event, the CONTRACTOR shall
furnish TELKOM with computer data so that TELKOM can easily incorporate as-built drawings into
computerized Local Networks Records System TELKOM will furnish the CONTRACTOR with the detailed
specifications of the requirements before the CONTRACTOR will commence preparation of as-built
drawings. Any additional cost to be incurred by the CONTRACTOR thereof shall be paid to the
CONTRACTOR upon mutual agreement by the parties hereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;26</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Warranty Period</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall provide warranty for
the System as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Terrestrial Portion.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The warranty period for the Land Portion of the System shall remain valid for one
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->Page 34 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(1) year commencing from the respective date of the System Acceptance Certificates (BAST-I) of
the related System</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine Portion</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty period for the Marine Portion of the System shall remain valid for five (5)&nbsp;years
commencing from the respective date of the System Acceptance Certificates (BAST-I) of the related
System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR warrants that the System, including its spares, shall conform fully, over 25
(twenty-five) years design life, to the requirements of the Contract or such other performance
levels agreed upon as acceptable by TELKOM and that no pattern of failure or pattern of
degradation shall have developed that is likely to cause the System to fail to meet the
requirements of Attachment-8 (Technical Specification) over the twenty-five (25)&nbsp;years design
life.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty case has to be proven and further actions has to be mutually agreed quickly.
TELKOM shall promptly notify the CONTRACTOR in writing of any claims arising under this
warranty. Upon receipt of such notice, the CONTRACTOR shall:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>perform any repair to the extent such damage is attributed to CONTRACTOR required to
restore the System to the requirements of the Contract or such other performance levels
agreed upon by TELKOM, if the System should fail to meet such requirements at any time
during the warranty period or has developed a pattern of failure or pattern of degradation
that is likely to cause the System to fail to meet such requirements. However, TELKOM may
elect, at their sole option, to make</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 35 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>repairs, including at sea repairs which are covered by the warranty Any equipment discovered to be
defective or faulty and recovered during a warranty repair shall be returned to the CONTRACTOR at
TELKOM&#146;s request and at TELKOM&#146;s expense. The CONTRACTOR shall reimburse TELKOM for the cost of such
repairs within twenty one (21)&nbsp;calendar days from receipt of a relevant notice issued by TELKOM. The
CONTRACTOR shall be entitled to have a representative during repair execution to observe the System
defective or faulty recovered. Such repairs by TELKOM shall not in any way diminish the CONTRACTORS
obligations under the warranty;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>bear the total cost of each repair to the extent such damage is attributed to CONTRACTOR
required during the warranty period. This cost shall include but not limited to the cost of
any vessels (including proportionate standing charges and running costs for cable ships from
the maintenance zones) and/or any costs arising from burial or reburial, the components,
equipment or materials requiring replacement, the cost of any additional equipment necessary
to effect the repair, the cost of making the repair, the cost of labor and engineering
assistance or development required to make the repair and all associated costs such as but
not limited to shipping and customs and services that may be required to make the repair;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The warranty periods of items not accepted, provided or requiring repair or replacement at
the System Acceptance Date (BAST-I) shall start from the date(s) such items are accepted by
TELKOM. Any defective part repaired or replaced during the warranty period shall itself be
subject to a further warranty period of one (1)&nbsp;year for Land Portion and five (5)&nbsp;years for
Marine Portion from the date of repair or replacement and up the maximum Warranty period of
(10)&nbsp;Years for the Marine Portion.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 36 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If during the warranty period (as mentioned in Article 26.1a and b herein above) defects are
found on repeated occasions in any part or parts of the System or if a pattern of failure or
pattern of degradation is likely to cause any part or parts to fail to meet the specified
requirements over the twenty-five (25)&nbsp;years design life, such part or parts shall not be
repaired but shall be replaced by new part(s) at the request of TELKOM, including all the
appropriate spares.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of this Article, a pattern of failure or pattern of degradation shall be
deemed to exist if:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM have notified the CONTRACTOR that in their reasonable
opinion failures of the same or similar mechanisms have occurred which show
a deterioration of System performance that will render the System
outside its specification during its design life; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR, having carried out an investigation, cannot demonstrate
to the reasonable satisfaction of System that;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="13%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failures/deteriorations are within the predictions of the
reliability model or Mean-Time- Between-Failure(MTBF) figures,</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="13%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failures/deteriorations are not due to a design defect in the component or
its application; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="13%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the failures/deteriorations only apply to a limited number of parts, for
example, as the result</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 37 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="13%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of a manufacturing (or batch related) inconsistency</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The investigation into the cause of any failures/deteriorations and any associated remedial
action shall be carried out by the CONTRACTOR within a reasonable time-scale with regular
progress reports as requested by TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition, If the faults are attributable to the CONTRACTOR, the CONTRACTOR shall pay to
TELKOM all actual expenses (if any) is incurred by TELKOM in testing or examining any part of
the System for the purpose of or in connection with this Article or in connection with making
good, replacing or repairing any part of the System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the faults are attributable to the CONTRACTOR, the CONTRACTOR shall make every
reasonable effort to minimize the period of time that the System is out of service for repair
and testing. For failures or any situations which cause or risk to cause an outage of the
System, the CONTRACTOR undertakes to initiate a corrective intervention immediately but in any
case no later than two (2)&nbsp;calendar days after reception of a notice from TELKOM. TELKOM
reserve the right to determine the timing of rectification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall, with reference to Article&nbsp;26.3, effect all repairs of the System
through the use of repair materials supplied by it. However, the CONTRACTOR with the agreement
of TELKOM, may use the materials needed to effect a repair from TELKOM&#146;s available spare
materials, components or equipment The CONTRACTOR shall replace such material supplied from
TELKOM&#146;s spare stock at a time mutually agreed by TELKOM and the CONTRACTOR. All materials
supplied to replenish TELKOM&#146;s spare and all materials used to repair the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 38 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>System, which are not supplied from TELKOM&#146;s spare materials, shall be warranted for a period of
one (1)&nbsp;year for Terrestrial Portion and five (5)&nbsp;years for Marine Portion from the date of
replacement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The repair or replacement of any faulty unit or equipment includes the delivery to TELKOM
with a descriptive report of the fault found and, when appropriate, of the repair carried out
on such faulty unit or equipment. The maximum period for repair of the units or equipment
(including shipping and customs clearance) is defined in Attachment- 11 (Technical
Specification).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">26.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of Marine Portion System maintenance:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The usage of universal jointing and/or universal coupling equipment for the
maintenance or repair of the Marine Portion during the warranty period shall not in any
way invalidate the warranty for Marine Portion and the CONTRACTOR shall accept the
warranty responsibility for the universal jointing and/or universal coupling equipment
used during a repair throughout the warranty period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If TELKOM decide to pool any spareparts supplied under this Contract with other
spareparts supplied for other cable systems for which they have maintenance authorities
and where technical compatibility is confirmed by the CONTRACTOR, the usage of such other
spareparts supplied from another cable system for maintenance shall not invalidate the
warranty of Marine Portion during the warranty period.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 39 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER III<BR>
TERMS AND CONDITIONS OF<BR>
TECHNICAL ASPECT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;27<BR>
Country of Origin</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All Goods supplied under the Contract shall have their origin in the member countries and
territories eligible under the rules of the Government of Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the purpose of this Article &#147;origin&#148; means the
place where the Goods are produced. Goods
are produced when a new product is commercially recognized as a result of manufacturing,
processing of substantial and major assembling of components, and is substantially different
in basic characteristics or in purpose or utility from its components.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">27.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The origin of the Goods may be distinct from the nationality
of the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;28<BR>
Standards</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Goods supplied under this Contract shall conform to
Attachment-8 (Technical Specification). When no standard is detailed
therein, then the latest standards ITU-T at the time of the
Contract shall be applied. In case, both of standards not obtained than the country of origin
standards which are issued by the relevant institution shall apply.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 40 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;29<BR>
Tools and Measuring Equipment</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall provide tools and measuring equipment with instruction manuals required
for maintenance and operation of the completed Works in accordance
with the Bill of Quantity. The tools and measuring equipment are
detailed in the Attachment-11 (Technical Specification). Tools and measuring equipment which provided under this Contract which shall be handed over
to TELKOM are new and original.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">29.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the installation and/or construction activities purpose, CONTRACTOR shall provide all
necessaries tools and measuring equipment by themselves. Tools and Measuring Equipment which
provided under this contract shall hand over to TELKOM are new pursuant to Article&nbsp;30 of this
Contract. Equipment and tools provided by the CONTRACTOR that are not included in the BoQ shall
remain property of the CONTRACTOR and not be handed over to TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;30<BR>
Guarantee for Goods</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CONTRACTOR shall warrant that the Goods supplied under the Contract are new, unused, of the recent
or current models and incorporate all recent improvements in design and materials and that all
Works performed by him shall be state of the art in materials and
workmanship. CONTRACTOR shall further warrant that the Goods supplied and the Works performed under this Contract shall have no
defect arising from design, materials or workmanship or from any act or omission of the CONTRACTOR,
which may develop during normal use of the Goods supplied and the Works performed in the conditions
existing at Site.</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 41 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;31<BR>
Guarantee for Long Term Support</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For a period of twenty-five (25)&nbsp;years starting on the date of System Acceptance
Certificate (BAST-I) of related System, CONTRACTOR shall supply to
TELKOM at reasonable price:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>technical support and advice in respect of the design, maintenance and operation of the
System; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>supplies, replacement equipment, repair service and software support to the System at a
reasonable price.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Where identical parts or components cannot be supplied, CONTRACTOR shall provide equivalent
and compatible parts, and shall be responsible for any adaptive engineering work and all
implementation documentation that may be necessary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">31.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding Article&nbsp;31.2 above, if for any reason the CONTRACTOR intends to cease
manufacturing identical or fully compatible spare parts and replacement equipment,
the CONTRACTOR shall give a minimum of one (1)&nbsp;year prior written notice to TELKOM to allow
TELKOM to order from the CONTRACTOR any required spare parts and
replacement equipment and shall forthwith provide full details of the
equivalents. However,
the CONTRACTOR shall not cease to manufacture such parts and equipment
before the expiration of the warranty period, as described in Article&nbsp;26.1 a and b of this
Agreement.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 42 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;32<BR>
Spare Parts</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the warranty period as stipulated in Article&nbsp;26.1
a and 26.1 b, all parts that are
required to be replaced, shall be supplied by CONTRACTOR without charge to TELKOM if such
replacement is due to imperfect workmanship, faulty design or faulty material supplied by the
CONTRACTOR, or any act, neglect or omission on the CONTRACTOR&#146;S part or unless such errors or
non-compliance have been cause by TELKOM or third party(ies) or Force
Majeure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall provide prices and suppliers (local or overseas) information, regarding
spare parts, and suggest the number of spare to be purchased and stocked for the successful
maintenance of the System as stipulated in Article&nbsp;31.3.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall provide a list of spare part including description and quantity as
appropriate by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall agree to supply the spare parts to TELKOM and TELKOM shall have the right
to purchase these spare parts from CONTRACTOR for TELKOM&#146;s maintenance requirements at a
price to be agreed upon The spare parts or suitable equivalents with the same performance
should be available throughout the design lifetime of the System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall propose all necessary spare parts as stated on Attachment-11 (Technical
Specification), and guarantee that the availability of spare as described in Article&nbsp;26 and
Article&nbsp;30 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall guarantee that any additional Goods as well as spates can be supplied
with same type and function after</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 43 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Final Acceptance Certificate (BAST 2) issued.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall guarantee that any additional Goods as well as spares shall be supplied
any time for a period of five (5)&nbsp;years from the date of the last Final Acceptance
Certificate (BAST-2).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">32.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under the reference Section&nbsp;III Technical Specification Table 3-1 Intervension Period for
the long Term Support, CONTRACTOR shall carry out sufficient inventories to assure ex-stock
supply of consumable spares for TELKOM</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;33<BR>
Software License</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to the terms and conditions in this Contract, CONTRACTOR grants to TELKOM the
non-exclusive, non-transferable and non-sublicensable license to use the software solely on
the Goods and at the Sites except as otherwise expressly agreed in writing between the Parties
and to use the software documentation for such aforementioned purpose.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In this software license agreement, TELKOM have the rights in accordance with the
Indonesian law regarding intellectual property rights, which is the rights for economic
benefit from the use of software license as describe in this Contract, but granted no
ownership rights in the software, where such ownership rights in the Software shall remain
with CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall be entitled to produce back-up copy of each item of the software,
respectively, whereby the use of such back up copy shall be limited to replace the original
software, if the original software is inoperable. TELKOM shall keep records about the storage
of such back-up copies and present such records to CONTRACTOR upon
request.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM acknowledges and agrees that the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 44 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>software and the software documentation contain proprietary and confidential information and
trade secrets of CONTRACTOR and its third party licensors, and agrees to keep and treat such
software and software documentation confidential.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall a) not reproduce, copy, or modify the software in whole or in part except as
authorized by CONTRACTOR in writing or as provided in this Section; and b) not attempt to
decompile, reverse engineer, disassemble, reverse translate, or in any other manner decode the
software except as specifically authorized by compulsory law in accordance with the purpose of
this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">33.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Software as mentioned in this Article as
describe in the Attachment-11 (Technical Specifications) of this
Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER IV<BR>
TERMS AND CONDITIONS FOR<BR>
GOODS &#038; SYSTEMS ACCEPTANCE</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;34<BR>
Inspection and Tests</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inspection and Test of the Goods:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM or the Inspector shall have the right to inspect and/or test the Goods in order
to confirm their conformity to the Contract in accordance with Attachment 11 (Technical
Specification).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to 7 (seven)&nbsp;days prior notice to do so, the inspections and tests may be
conducted on the premises of the CONTRACTOR or its Sub-contractors), at the point of
delivery and/or at Site.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When conducted on the premises of the CONTRACTOR or its
Sub-contractor(s), all reasonable facilities and assistance, including access to drawings
and production data, shall be furnished to the Inspector(s), at<BR></TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no charge to TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should any inspected or tested Goods fail to conform to the specifications, TELKOM must
reject them and the CONTRACTOR shall replace the rejected Goods to meet the requirements in
the specifications, free of cost to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM s right to inspect, test and where necessary, replaced Goods after the Goods
arrival at Site shall not be limited or waived by reason of the Goods having previously been
inspected, tested and passed by TELKOM or the Inspector, prior to the Goods shipment from
the country of origin Failure to reject such insufficient Goods within due time shall be
regarded as an acceptance of the Goods.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Interim Inspections and Testing of Works</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall be entitled to request the CONTRACTOR at any time when deemed necessary
during the execution of the Contract, to carry out inspections and tests of the Works so
far constructed/installed in the reasonable time Factory inspection and testing shall be
subject to mutual agreement between the Parties and the work shall not be unnecessarily
interfered.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the CONTRACTOR requests TELKOM to perform the interim inspections and tests on the
Works so far constructed/installed, the Contractor shall give TELKOM a prior written notice
of the date for such inspections and tests together with the Contractor&#146;s own test data in
accordance with Attachment- 11 (Technical Specifications).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR shall provide such</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 46 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>assistance, instruments, machines, and labor as are normally and reasonably
required for examining, measuring and testing the Works and the quality of any
Goods incorporated in the Works at no additional cost to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should any portion of the Works or Goods incorporated in the Works fail,
during the inspection period, to conform to the Technical Specifications after the
Site Inspections/Tests, TELKOM must reject them and the CONTRACTOR shall immediately
repair, replace and/or correct such unsatisfactory portion(s) at its own cost. Failure
to reject such Goods within due time shall be regarded as an acceptance of Goods.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inspection and Test Procedures are specified in the Attachment-11.3 of this
Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>System Acceptance Tests</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>System Acceptance Tests shall be conducted by CONTRACTOR and witnessed by
TELKOM and, as full system and full function.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Contractor shall give TELKOM 14 (fourteen)&nbsp;calendar days prior written
notice of the date for the System Acceptance Test preparing the CONTRACTOR&#146;s own test
data. Unless otherwise agreed upon, the test shall be carried out within 10 (ten)
calendar days from the said date, and TELKOM shall notify in writing the CONTRACTOR
of such day or days. If TELKOM does not notify it, CONTRACTOR may carry out the
Acceptance Test at his proposed date.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall supply necessary labors, materials, equipment, apparatus</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 47 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>and instruments for the execution of the Acceptance Test.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any portion of the Works fails to pass the test, a test of the said
portion shall be repeated under the same terms and conditions as specified in
Attachment-11 (Technical Specification). All materials used in the correction of such
portions shall be new.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that the Works completely
fail to satisfy the requirements specified
in Attachment-11 (Technical
Specification) then CONTRACTOR shall correct the failures as soon as possible and
the System Acceptance Tests shall be repeated until satisfactory results are
obtained.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Test Procedures are specified in the Attachment-11.3 of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least one month before commencing of the Acceptance test, CONTRACTOR
shall propose the test procedure including list of measuring equipment and test
configuration for TELKOM approval.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">34.4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Acceptance Test of Works</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Within one (1)&nbsp;month before the
conducted Acceptance Test,
CONTRACTOR shall submit the detail item and test procedure for TELKOM&#146;s approval.
Acceptance Test shall be carried out after the System is commissioned by
CONTRACTOR and is ready for Acceptance Test. CONTRACTOR shall carry out Acceptance
Test over the whole Works as referred to in this Contract, at the Site of
installation in accordance with Acceptance Test schedule which shall be submitted
by CONTRACTOR to TELKOM.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 48 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Acceptance Test shall be carried out on System base that has been defined under this
Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Acceptance Test shall be carried out in the presence of both Parties&#146; authorized
representatives.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior Notice to Acceptance Test</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall give
notification to TELKOM within fourteen (14)&nbsp;calendar days prior to the date of the
Acceptance Test. Within seven (7)&nbsp;working days after receipt of such notification, TELKOM
shall notify CONTRACTOR of its approval for such Acceptance Test schedule or TELKOM may
propose another Acceptance Test schedule which shall not be later than seven (7)&nbsp;calendar
days after CONTRACTOR&#146;s proposed date, with remain to pay attention to completion date of
Works according to this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Acceptance Test Implementation.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>After installation and commissioning for each System has been completed by CONTRACTOR,
the Acceptance Test shall be carried out for such System and the result stated in the
Acceptance Test Certificate (BAUT)&nbsp;shall be submitted to TELKOM&#146;s Project Manager for the
purpose of the issuance of BAST-I.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Error rectification obligations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should there be any non-compliance with the Technical Specifications (hereinafter
referred to as &#147;Error&#148;) during Acceptance Test period, TELKOM and CONTRACTOR shall
record such Error in writing and CONTRACTOR shall start to rectify such Error according
to Acceptance Test requirements.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 49 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Major Remaining Errors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the result on Acceptance Test indicates System which is not operable commercially, or
causes damage or loss of data or software, or causes corrupted data (hereinafter referred
to as &#147;Major Remaining Errors&#148;), then CONTRACTOR shall notify TELKOM in writing (a)&nbsp;to
stop the Acceptance Test or (b)&nbsp;to extend the Acceptance Test period.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of (a)&nbsp;above, after the Error has been rectified, CONTRACTOR shall notify TELKOM
at least seven (7)&nbsp;calendar days before conducting re-testing.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">f.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Minor Remaining Errors.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If Acceptance Test result indicates the System shall <I>cause </I>failures other than Major
Remaining Errors that do not affect the System to normal operation, TELKOM can
commercially operate the System. The minor items shall be documented and CONTRACTOR shall
rectify such Errors within two (2)&nbsp;months from the issuance of BAST-I or subject to such
Error.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">g.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Checking on Acceptance Test Report.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the completion of such tests as referred to in this Article and CONTRACTOR has
submitted reports on the System, and any other requirements have been made available in
accordance with the provisions of this Contract, TELKOM shall check all such reports of
CONTRACTOR. In the event any part of function is not in compliance with Technical
Specifications under this Contract or incomplete, TELKOM shall notify CONTRACTOR in
writing within seven (7)&nbsp;calendar days from the presentation by CONTRACTOR of said reports.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 50 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">h.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Cost for Corrections.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All costs incurred in connection with corrections as referred to in this Article shall
become the full responsibility of CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">i.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuance of First Hand-Over Certificate (BAST-I).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuance of the BAST-I for each System by TELKOM, if CONTRACTOR has been fulfilled his
obligations and requirements under this Contract with the following conditions as describe
in Article&nbsp;35.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The acceptance result (BAUT)
indicate that the System has been
tested and is functioning properly
in accordance to this Contract
without any major pending items
and accepted by TELKOM,
furthermore TELKOM&#146;s Project
Manager will issue BAST-I for
the relevant System within seven
(7)&nbsp;calendar days after issuance of
BAUT.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event TELKOM has put the
System commercially operated
before BAST-I is issued, then the
System shall be deemed to be
accepted and the BAST-I shall be
issued by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuance of BAST-I by
TELKOM shall not be withheld
due to Minor Remaining Errors by
taking into consideration that (i)
such deficiency shall not affect to
commercially operation by
TELKOM and maintenance
activities of the System under this
Contract (ii)&nbsp;such deficiency will
be put as an attachment to the
BAST-I in order for
CONTRACTOR to rectify in
accordance with Article&nbsp;34.4 point
f above.
</TD>
</TR>
</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 51 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">j.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BAST-2 shall be issued based on System or Sub-system basis by TELKOM&#146;s
Project Manager, twelve (12)&nbsp;months after the date of BAST-I for each System
for Land Portion and five (5)&nbsp;years after the date of BAST-I for each System
for Marine Portion provided that CONTRACTOR has fulfilled the following
conditions as describe in Article&nbsp;35:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all remaining errors have been
rectified and reported;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all warranty obligations have been fulfilled; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As-built Drawing has been completed and submitted.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;35<BR>
Certificates Issuance</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Factory Test Certificate.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>After the witnessing of factory tests by the Inspector (if any) has been
satisfactorily completed, the Inspector shall issue a &#147;Factory Test Certificate for
Goods&#148; which is signed by both Parties. Inspector shall state whether or not the test
results were satisfactory and the date on which the witnessing of the factory tests
were completed, as well as the particulars of the Goods inspected and tested. Six (6)
copies of such a certificate shall be delivered to the CONTRACTOR within fourteen
(14)&nbsp;days after the CONTRACTOR has submitted to the Inspector the tests data for
factory tests witnessed by the Inspector.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event that TELKOM finds it is impossible to dispatch the Inspector
to witness a factory test after having received advanced notice of a factory test
from the CONTRACTOR within a period agreed by both parties, TELKOM shall notify the
CONTRACTOR in writing to such effect and upon notification from TELKOM, the
CONTRACTOR shall carry out the factory test without the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 52 of 81<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Inspector&#146;s attendance. The CONTRACTOR shall prepare the certificate itself and shall guarantee that the
result of the test is within the Technical Specification.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall accept the test certificate as though it were a certificate
issued by the Inspector.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goods Arrival Certificate</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the arrival all of the Goods at a Site, Inspector shall make a
visual inspection tests to determine if the Goods are the same and correct in the
description of items and quantities, referred to in the shipping/delivery
documents furnished by the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In order that TELKOM may make a timely inspection of the Goods delivered
to Site, the CONTRACTOR shall notify TELKOM of the type and quantity of such Goods
at least fourteen (14)&nbsp;calendar days prior to their delivery.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM upon a satisfactory result of their inspection and all of the Goods
has been completely delivered within fourteen (14)&nbsp;calendar days thereof, Inspector
shall issue to the CONTRACTOR a Goods Arrival Certificate of the Goods which is
counter signed by both Parties.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>System Acceptance Certificate</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prior to the issuance of a System Acceptance Certificate, the Contractor
shall have completed the System and shall have:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Submitted of System Acceptance
Test results to the TELKOM&#146;s
Project Manager which counter sign
by Inspector and Contractor.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Supplied of all necessary tools and</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 53 of 81<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>test equipment and spare parts.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Supplied of instructional handbooks,
as-built drawings, operation and
maintenance manuals (SOP/SMP as
specified on Scope of Work
document), inventory lists, spare
parts lists and any other information
necessary for the operation and
maintenance of the System.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Reinstated and cleaned up of the
Sites with enclosed Certificate of
work completion from the
authorized official, and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When System Acceptance Tests have been completed, satisfying all relevant requirements under
the Contract which counter sign by Inspector and Contractor, the Project Manager shall issue
a &#147;System Acceptance Certificate&#148; and TELKOM shall be deemed to have taken over the
responsibility for the Works on the date of the issuance of the said System Acceptance
Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be deemed to have completed the Works on that date and to have fulfilled
his obligations under the Contract other than warranty obligations under the Contract which
shall commence from the date of issuance of such System Acceptance Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>System Acceptance Certificates shall be issued at the Contractor&#146;s written request within
fourteen (14)&nbsp;calendar days of the Contractor having completed all the relevant requirements
of this Contract including those identified in Article&nbsp;34.4 point a this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In order to expedite the receipt of System Acceptance Certificate, CONTRACTOR shall have
completed, to the satisfaction</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 54 of 81<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left"><B></B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of TELKOM, his entire responsibilities as defined by the Contract for the
coordination between, and arrangement of, the Works for the system.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Completion Training Certificate</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the completion of Training performance, TELKOM&#146;s Project Manager shall issue a
Completion Training Certificate. Submission of this certificate based on the CONTRACTOR
written request accompanied by a document which indicates that such of training has
completely been finished and compliant with the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">35.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Final Acceptance Certificate (BAST-2)</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Terrestrial Portion</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the end of the one (1)&nbsp;year warranty
period and after the satisfactory
completion of the Final Acceptance
Tests of the System defined in
Attachment-11 (Technical
Specification), and provided that the CONTRACTOR has fulfilled its
commitments under the Contract, TELKOM&#146;s Project Manager shall issue a Final
Acceptance Certificate (BAST-2).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Marine Portion</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the end of the five (5)&nbsp;year warranty period and after the satisfactory
completion of the Acceptance Test of the System, defined in
Attachment-11
(Technical Specification), and provided that the CONTRACTOR has fulfilled its
obligations under the Contract, TELKOM&#146;s Project Manager shall issue a Final
Acceptance Certificate.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Final Acceptance Certificate will not apply to those parts which may
have been replaced during the warranty period or to those parts having been the
subject of an extension of warranty according to the provisions of Article&nbsp;26 hereof.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 55 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The issuance of Final Acceptance Certificate shall not be unreasonably
withheld or delayed, but in the event that a pattern of failure or pattern of
degradation develops that is likely to cause the System to fail to meet the
requirements of the Contract or such other performance levels agreed upon by the
TELKOM over the twenty-five (25)&nbsp;years design life of the System, final
acceptance may be withheld until it can be demonstrated to the satisfaction of
the TELKOM that no pattern of failure or pattern of degradation shall have
developed that is likely to cause the TELKOM to fail to meet the requirements of
Attachment-11 (Technical Specification), and/or CONTRACTOR&#146;s system description
over the 25 (twenty-five) years design life In such event, the validity of the
letter of warranty security provided for under Article&nbsp;6 shall remain in force
until the Final Acceptance Certificate is issued.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">e.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the discretion of the TELKOM with pursuant to Article&nbsp;35.5 point d, the
final acceptance tests programme may consist of a repetition of a part or the whole
of the tests of the System Acceptance test program.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;36<BR>
Transfer of Title</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of title of the System from Contractor from CONTRACTOR to TELKOM shall take
place when the System Acceptance Certificate has been issued by TELKOM The transfer of title
shall not absolve or release the CONTRACTOR from its obligations and its liabilities under the
Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon transfer of title of the System to TELKOM, the CONTRACTOR warrants that the System is
free from valid liens, claims, charges, encumbrances and security interests arising by and
through the CONTRACTOR and/or under its</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 56 of 81<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The transfer of Operational Risk from CONTRACTOR to TELKOM shall take place
when System Acceptance Certificate has been issued by TELKOM</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">36.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Upon the transfer of title of the System to TELKOM as described in Article&nbsp;36.3, the
CONTRACTOR also warrants that the System has fulfilled all statutory requirements and
permits including but not limited to any governmental, non-governmental and crossing
permits, with respect to the performance of the Works.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER V<BR>
TERMS AND CONDITIONS OF
PAYMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;37<BR>
Term of Payment</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The terms of payment of this Works other than Training under this Contract will be made
by TELKOM to CONTRACTOR as follows :</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Refer to Attachment 7 Billing Milestones.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Contractor shall submit completed and valid invoice to TELKOM that consist of the
following document :</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Refer to Attachment 7 Billing Milestones.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Invoice shall be addressed to :<BR>
<B>To : PT. Telekomunikasi Indonesia,Tbk</B><BR><B>
Att. Operation Senior Manager (OSM)&nbsp;of</B><BR><B>
Finance Center Infratel Bandung</B><BR><B>
Jin. Japati No. 1, 2</B><SUP style="font-size: 85%; vertical-align: text-top"><B>nd</B></SUP><B> Floor</B><BR><B>
Bandung 40133</B><BR><B>
Indonesia</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;s request(s) for payment shall be made to TELKOM in writing, accompanied by an
invoice describing, as appropriate and Performance Bond still remain valid, the Goods
delivered and the Works performed, and upon fulfillment of other obligations stipulated in
this Contract.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 57 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Payments shall be made promptly by TELKOM within 30 (thirty)&nbsp;calender days of
submission of an invoice/claim by the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">37.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The currency in which payment is made to CONTRACTOR shall be made in the Indonesian
Rupiah and US Dollar as per the quoted currency by the CONTRACTOR and as mentioned in the
Price schedule.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;38<BR>
Taxes, Levies and Duties</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Taxes and Importation. All taxes (excluding VAT), stamp duty and other duties in
accordance with the Government regulations shall be the responsibility of the CONTRACTOR
Any withholding tax shall be deducted directly by TELKOM from the payment to be made to
CONTRACTOR in accordance with the prevailing laws which is applicable to this CONTRACTOR,
(except the VAT shall be paid by TELKOM to CONTRACTOR to be paid to Indonesian Government).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM confirms that under the present law WHT is only applicable on services and
is only 4.5%.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All the Imported Goods under this Contract shall be conducted under DDU as referred to
in Incoterm 2000. Therefore, it is agreed by the Parties hereto that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All Goods which are imported shall be imported in the name of
TELKOM and using TELKOM&#146;s import license but under the physical arrangement
and management of the CONTRACTOR;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall initially fund the payment of any import tax,
sales tax on luxury goods, if applicable, prepayment of income tax on import,
import or custom duties and all clearance costs in relation to all imports;</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 58 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible for and carry out importation and custom clearance;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All the costs of material import to Indonesia until Location including storage, penalty, if any shall be the responsibility of the CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible for any underpayment as per DDU Incoterms 2000 and all
penalties under this contract which appear, if any, after audit conducted by custom office
even this contract is already closed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall reimburse CONTRACTOR for its prepayment of Import VAT on import and
withholding tax within 30 (thirty)&nbsp;calendar day after receipt of a complete invoice from
CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Additional devices.</I> In the event CONTRACTOR shall require additional devices, apparatus or
any other tools in carrying out the Works which shall be obtained by means of importing them
from abroad, then all costs, taxes, retribution and any other levies thereof shall become the
responsibility of CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible at its own cost, for obtaining in a timely fashion all
necessary export permits, licenses and approvals from the country of origin and any
intermediate locations, including the payment of any and all levies for freight handling and
other costs related to such permits, licenses and approvals.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Irregularities to importation procedures.</I> CONTRACTOR shall be fully responsible for the
occurrence of irregularities to either the delivery of Goods from country of origin,
transport procedures or supporting import documents, as set forth in the Presidential
Instruction Number 3 of 1991 dated 25<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> July&nbsp;1991 or any replacement regulations
thereof, if any.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 59 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">38.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties acknowledge that the CONTRACTOR shall decides at its own discretion to have a
permanent establishment or not and VAT registration in Indonesia. TELKOM shall provide the
CONTRACTOR with original evidences of tax payment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER VI<BR>
RESPONSIBILITY OF THE PARTIES</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SUB CHAPTER VI.I<BR>
 TELKOM&#146;s RESPONSIBILITY</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;39<BR>
Responsibility in
The Implementation of Contract</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">39.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM&#146;s Project Manager will supervise the Works and examine workmanship of CONTRACTOR
employed in the execution of the Works.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">39.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any written instruction or approval given
by TELKOM&#146;s Project Manager to the CONTRACTOR within his capacity shall refer to Contract and
bind the CONTRACTOR as if it had been given by TELKOM. Any request
for additional works shall be
mutually agreed and may lead to the variation orders.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SUB CHAPTER VI.2<BR>
CONTRACTOR&#146;s RESPONSIBILITY</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;40<BR>
Responsibility in the Sufficiency of
Contract Price and Preparation for
Implementing &#038; Completing the Work</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">40.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be deemed to have
satisfied himself at the time of Contract signing as to the correctness and sufficiency of his
prices stated in the Price schedule which shall cover all his obligations under this Contract for
proper performance, completion and maintenance of the Works. It is entirely CONTRACTOR&#146;s risk for
any errors in computation or summation on his Price Schedule or any incorrect perception of the
scope Works to be covered and the</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 60 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>quality of the System to be attained at the completion of the Project. For the said errors or
incorrect perception, if any, discovered after Contract singing or during the execution of
Contract, TELKOM in no case shall compensate CONTRACTOR for any financial loss.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Final BoQ of the submersible plant shall be mutually decided after DRM meeting and will be
based on the result of the marine route survey and in accordance with Article&nbsp;44.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">40.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It is agreed that CONTRACTOR has, by careful examination, satisfied himself in respect of
all pertinent conditions which may in any manner affect the execution of the Works, such as,
but not limited to, the nature and the location of the works to be performed, the character,
quality and quantity of the Goods to be delivered, the CONTRACTORS&#146;s facilities including the
Construction Equipment to be used, labor conditions, transportation conditions and the general
and local laws and regulations. Any allowance for all the foregoing factors and all other
risks, conditions or other circumstances has been included in the Contract Price. Therefore, no
claims shall be considered for extra costs or extension of time in whole or in part due to any
difference between the actual conditions and those which may have been anticipated by the
CONTRACTOR. Any change in laws and/or regulations after EDC affects the scope of work of the
CONTRACTOR, the price and extension of time should be equitably adjusted in accordance with
Article&nbsp;44 and 15.3.</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 61 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;41<BR>
Responsibility in the Completion of the Work</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be fully responsible to conduct desktop study, permits, cable route
survey, design, develop, engineering, manufacture, supply, install, training and test the
System in accordance with all the terms and conditions contained in the Contract including
any integration of the System and for ensuring that the System is fully compliant with the
Contract and the CONTRACTOR shall not claim any additional payment nor be relieved from any
obligation imposed on it by this Contract on grounds of any information supplied by TELKOM on
any matter whatsoever related to this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be deemed to have reviewed the Works as a whole and in detail and to have
fully satisfied itself of the feasibility and practicability thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In addition to the requirements for the provision of technical information described in
the Contract, the CONTRACTOR shall, upon request, provide the TELKOM with such additional
technical information in connection with the Contract as the TELKOM may reasonably require.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case any damage, loss or injury happens to the Goods and Services, or to any part
thereof, from any cause whatsoever, except the &#147;excepted risks&#148; as defined in Article&nbsp;41.6
while the CONTRACTOR shall be responsible for the care thereof, the CONTRACTOR shall, at his
own cost, repair and make good the same, so that the Works shall be in good order and
condition and in conformity in every respect with the requirements of this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of any damage, loss or injury happening from any of the excepted risks, the
CONTRACTOR shall, if and to the extent required by TELKOM and</TD>
</TR>

</TABLE>
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->Page 62 of 81<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>subject to Article&nbsp;46, repair and make good the same as aforesaid at the cost of TELKOM. The
CONTRACTOR shall also be liable for any damage to the Works occasioned by him in the course of any
operation carried out by him for the purpose of completing any outstanding Works or complying with
his obligations according to time completion under Article&nbsp;3.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The &#147;excepted risks&#148; are war, hostilities (whether war be declared or not), invasion, act
of foreign enemies, rebellion, revolution, insurrection or military or usurped power, civil
war, or unless solely restricted to employees of the CONTRACTOR or of his Sub-contractors and
arising from the conduct of the Works, riot, commotion or disorder or any act or omission by
TELKOM or any third party or any inclement weather (= windspeed equal to or greater than
Beaufort five (5)) or ionizing radiations or contamination by radio activity from any nuclear
fuel or from any nuclear waste from the combustion of nuclear fuel, radio-active toxic
explosive, or other hazardous properties of any explosive, nuclear assembly or nuclear
component thereof, pressure waves caused by aircraft or other aerial devices traveling at
sonic or supersonic speeds, or any such operation of the forces of nature as an experienced
CONTRACTOR could not foresee or reasonably make provision for or insure against all the
excepted risks.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall not take advantage of any apparent error or omission in the Contract
documents In the event CONTRACTOR discovers any error or discrepancy, CONTRACTOR shall
immediately call upon TELKOM for their interpretation, and such error or discrepancy shall be
corrected upon the mutual consent between TELKOM and the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall pay due attention to</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 63 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Works and shall cooperate with
TELEKOM&#146;S Project Manager,
TELKOM&#146;s staffs, and further with other CONTRACTORs having connection with the execution of the
Project.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall conform with
Attachment-8 (Implementation
Schedule/Plan of Work) as mutually agreed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">41.10</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall attend at the CONTRACTOR&#146;S own expenses such meetings with the TELKOM representatives at such times as may be
required by the TELKOM.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;42<BR>
Responsibility on Patent Right</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">42.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall indemnify TELKOM against all third party claims of infringement of patent, trademark, copyrights or
industrial design rights arising from the use of the Goods, the performance of the Works or the
operation of the System, or any part thereof in Indonesia</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">42.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall only have the obligations as set out in this Article&nbsp;42.1, if TELKOM: a)
gives CONTRACTOR prompt, in no event later than three (3)&nbsp;calendar days after receipt of such
a claim, written notice of any alleged or actual claims, b) allows CONTRACTOR on its request
to directly or indirectly control the defense and/or settlement of such claim, c) does not
consent to any judgment or decree or does any other act in compromise of any claim without
first obtaining CONTRACTOR&#146;s written consent, and d) provides CONTRACTOR all reasonable
cooperation and information as may be requested by CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">42.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Furthermore, such indemnity shall not cover such infringement or claim arising from:</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 64 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR&#146;s adherence to TELKOM&#146;s direction to use materials or parts of TELKOM&#146;s selection, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such material or parts furnished to the
CONTRACTOR by TELKOM, other
than in each case, a) items of the
CONTRACTOR&#146;s design or selection or
b) the same as any of the
CONTRACTOR&#146;s commercial
merchandise or in processes or c) machines of the CONTRACTOR&#146;s design or selection used in the
manufacture of such standard products or parts, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Use of the Goods other than for the purposes indicated in, or reasonably to be inferred
from, this Contract or in conjunction with other products, or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Modification of the Goods by TELKOM, without prior expressed written approval by CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;43<BR>
Responsibility for
Any Damage to Property and
Accident or Injury to Workers</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Article applies to all claims, losses, expenses and damages for:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>damage to property, other than the System; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>injuries to or death of any person</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>which result directly from the activities of the CONTRACTOR, its Sub-contractors, or agents in the
execution of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be liable for all claims, losses, expenses, and damages described in
Article&nbsp;43.1 above, and shall indemnify and save the TELKOM harmless from all such claims,
losses, expenses and damages.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 65 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR only have the obligations as set out in this
Article&nbsp;43.2, if TELKOM:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provide immediate written notice to the CONTRACTOR of all such claims and suits;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>permit CONTRACTOR to assume the sole defense of and to settle such claims or suits, and
shall, upon the CONTRACTOR&#146;s request and at the CONTRACTOR&#146;s expense, furnish all information
and reasonable assistance to assist the CONTRACTOR in the defense or settlement of the same.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall be responsible for the costs of clean-up and other costs resulting from
environmental damage which results directly from the activities of the CONTRACTOR, its
Sub-contractors or agents in the execution of the Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">43.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall not be liable for any damage or compensation payable at law in respect to or
in consequence of any accident or injury to any workman or other person in the employment of
CONTRACTOR or any Sub-contractor, except an accident or injury resulting from any act or
default of TELKOM. CONTRACTOR shall indemnify and keep indemnified TELKOM against all such
damages and compensation, except as aforesaid, and against all claims, proceedings, costs,
charges and expenses whatsoever in respect thereof or in relation thereto.</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 66 of 81<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHAPTER VII<BR>
STANDARD TERMS AND CONDITIONS</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Article&nbsp;44<BR>
Contract Amendments</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM may at any time, by a written order given to the CONTRACTOR pursuant to Article&nbsp;4, make
any change to the provisions of the Contract as may be considered necessary during the execution of
the Works in any one or more of the following:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Volumes and quantities of the Goods to be supplied and the Services to be performed by the
CONTRACTOR, and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Implementation Schedule of Project.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any change causes an increase or decrease of cost and the time necessary for completion of
any part of the Works under the Contract, an equitable adjustment shall be made in the Contract
Price and/or Plan of Work upon mutual agreement by the Parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall instruct the CONTRACTOR to provide the change or vary the Works, with the consent
in writing. Such change on the Contract Price will be determined as follows:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the variations concern only quantities of equipment or services for which a unit price or
rate is indicated in Attachment-5 (Detail of Contract Price and Bill of Quantity), the unit price
or rate as the case may be shall be applied.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the subject of the variations is not covered by a unit price or rate in Price Schedule, the
Contractor shall satisfy TELKOM that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The proposed adjustment is fair and reasonable;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The CONTRACTOR had used its</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 67 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>best efforts to tender for, and negotiate with such Sub-Contractor&#146;s (if any) for such change on
terms and conditions, and prices that are fair and reasonable;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the price and conditions for the services are provided on terms and practices that are no less
favorable than that TELKOM could obtain in the market place (externally), or that granted by the
Contractor to its other customers;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Contractor shall provide such evidence as TELKOM may reasonably require.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If such variation effect to any part of the Works or Contract Price, an equitable adjustment
shall be made upon mutual agreement by the Parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM and CONTRACTOR shall be ascertained and determined.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any such change causes an increase or decrease in the cost of any part of the Works under
the Contract, an equitable adjustment shall be made in the Contract Price upon mutual agreement by
the parties hereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any changed in respect of the Contract shall only be recognized or acceded to when that has
been agreed in writing by the TELKOM prior to implementation of the Contract changed by the
CONTRACTOR. The implementation of such change may be executed by CONTRACTOR in parallel after having
approval from TELKOM&#146;s Project Manager or after signing of the Contract Amendment pursuant to
Article&nbsp;44.9 by both Parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM shall not be liable for any additional work unless it
is recorded in Contract Change. If
the CONTRACTOR proceeds without such written authorization, it shall be deemed a waiver by the
CONTRACTOR of any and all claims for</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 68 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>additional payments.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">44.9</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any variation in or modification of the terms of the Contract including but not limited to
Contract Price during the execution of the Contract shall be subject to Contract amendment in
writing agreed by the Parties hereto</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;45<BR>
Delays in the Works Performance</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">45.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Articles 44, CONTRACTOR shall complete the supply and installation of the System by
the Time of Completion as specified in Article&nbsp;3.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">45.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the execution of the Works shall be delayed by reason of any event of force majeure,
without the default or negligence on the part of the CONTRACTOR and
pursuant to Article&nbsp;45.3, the
CONTRACTOR has to be granted such extension of time for completion as shall be mutually agreed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">45.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In connection with Article&nbsp;45.2 and provided that CONTRACTOR proves that:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>there is insufficient contingency time indicated in Plan of Work to cover any delay, and;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such delay or any duration of such delays could not be avoided by use of alternative resources,
and;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such delay could not be avoided even after reasonable endeavors have been attempted to mitigate
the impact on Time of Completion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>such extension of Time of Completion will only be considered if the CONTRACTOR notifies TELKOM
of the cause of delay within fourteen (14)<BR></TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 69 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>calendar days of commencement of the delay and provides to TELKOM, either on completion of the
Works or at an appropriate stage in the Works, satisfactory evidence of the effects of the delay.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">45.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the System is not completed in accordance with Article&nbsp;3 or by the end of the period of
extension agreed upon under Article&nbsp;44, 46.3 and 46.5, the CONTRACTOR shall pay to the TELKOM by
way of liquidated damages pursuant to Article&nbsp;47.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;46<BR>
Force Majeure</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding the provisions of Articles 45, 47, dan 48, CONTRACTOR shall not be liable for
forfeiture of its performance bond security, liquidated damages or termination for default or any
other remedy TELKOM may have, if and to the extent that, its delay in performance or other failure
to perform its obligations under the Contract is the result of an event of force majeure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this Article, &#147;Force Majeure&#148; means an event having occurred in Indonesia
which is beyond the control of the CONTRACTOR and not involving the
seeable cause. Such events may
the Government of Indonesia in its sovereign or capacity, fire, flood, earthquake, landslide,
epidemics, freight embargoes, war, hostilities (whether war be declared or not), invasion, act of
foreign enemies, the nuclear and pressure wave risk described in
Article&nbsp;41.6 or in so far as it
relates to Indonesia in which the Goods are being and are to be supplied and the Works are being
and are to be executed or maintained, rebellion, revolution, insurrection, military or usurped
power, civil war, or unless solely restricted to the employees of the CONTRACTOR or of his
sub-CONTRACTORs and arising from the conduct of the Works, riot,</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 70 of 81<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>commotion or disorder. Similar events outside Indonesia will also be considered as a Force Majeure.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the force majeure occurred outside Indonesia, TELKOM shall extend the Time of Completion
without any additional cost to TELKOM, provided that the CONTRACTOR shall proves with a letter
statement issued by Authorized Institution related country which related to event of force majeure.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a Force Majeure situation arises, the CONTRACTOR shall promptly notify TELKOM in writing of
such condition and the cause thereof. The Contract may be amended or its duration extended or
terminated wholly or partly by mutual agreement of Parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of force majeure, the CONTRACTOR shall be entitled to suspension of the execution
of the Contract for the period such force majeure and its
consequences will last. However, the
CONTRACTOR shall seek all reasonable alternative means to continue its obligations for the Contract
area(s) not affected by the force majeure event.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of the suspension of the Works caused by the force majeure event, the CONTRACTOR shall
properly protect and secure the Works during such suspension period. If such protection and securing
of the Works is deemed impracticable, the matter shall be notified by the CONTRACTOR to TELKOM in
writing by clarifying the reason and shall be settled through negotiation between both Parties
hereto. All additional cost for protection and securing the Work shall be paid by TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.7</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should the suspension as specified in</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 71 of 81<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Article&nbsp;46.5 have continued for a period exceeding 6 (six)&nbsp;months, either of the Parties hereto
shall be entitled to terminate the Contract with respect to the remaining Works and shall give
notice of termination by registered mail or any alternative means to the other Party.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">46.8</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the case of such termination, TELKOM shall pay to the CONTRACTOR the value of the Goods
forwarded to the Site in Indonesia and the cost of the Works and reasonable profit executed prior
to the termination. For all the expenses to be made by the CONTRACTOR for the termination of the
Contract, equitable solution shall be made through negotiation by both Parties hereto.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;47<BR>
Liquidated Damages</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Liquidated Damages Amount</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Subject to Article&nbsp;3 of this Contract, if CONTRACTOR fails to deliver to TELKOM the System forming
a Site within the Time of Completion, TELKOM shall, without prejudice to its other remedies under
the Contract, deduct from the Contract Prices, as liquidated damages, a sum equivalent to 1 per mil
(1 &#176;/oo) of the Contract Price of System forming for each days of delay until actual performance,
maximum 5% (five percent) of the Contract Price of System. The CONTRACTOR is responsible for the
liquidated damages for the delay solely attributable to itself.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Liquidated damages as mentioned as Article&nbsp;47.1 shall be paid by the Contractor within 30
(thirty)&nbsp;calendar days from the date of notification by TELKOM of the application of such damages;<BR></TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 72 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">47.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should CONTRACTOR&#146;s default in the payment of liquidated damages be applied under the terms of
this Clause, TELKOM shall have the right to obtain compensation by making deductions (prior to
deductions, the matters will be mutually agreed by both Parties) from any payments due or to become
due to CONTRACTOR and/or by recovering such sums as a debt or by forfeiture in part or in whole by
means of the Letter of Performance Guarantee. The payment or deduction of such damages shall not
relieve the CONTRACTOR from his obligations to complete the Works, or from any other of his
obligations and liabilities under the Contract.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;48<BR>
Termination of Contract</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">48.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Termination for Default</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM may, without prejudice to any other remedy for breach of contract, by written notice of
default sent to the Contractor, terminate the Contract in whole or in part:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the CONTRACTOR fails (without a reasonable excuse) to deliver any or all of the Goods or
fails to perform any or all of the Works within Time of Completion specified in Article&nbsp;3, or any
extension thereof granted by TELKOM pursuant to Article&nbsp;44, or;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the CONTRACTOR fails (without a reasonable excuse) to perform any substantial obligation
under this Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3)&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the CONTRACTOR do not take any action within 30 (thirty)&nbsp;calendar days since the Effective Date
of Contract;</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 73 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if the CONTRACTOR delay up to 50 (fifty)&nbsp;calendar days from the agreed Time of Completion as
describe in Article&nbsp;3 without any writing from CONTRACTOR pursuant to Article&nbsp;45 2,.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Contract shall be terminated due to the above reasons
Article&nbsp;48.1 then TELKOM have the
right to forfeiture the performance bond which will be proprietary of TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event TELKOM terminates the Contract in whole or in
part, pursuant to Article&nbsp;48.1 TELKOM
may procure, upon such terms and in such manner as it deems appropriate, the Goods similar to those
undelivered and the Works impel formed, and the CONTRACTOR shall be liable to TELKOM for any excess
costs for such similar Goods and Works. However, the CONTRACTOR shall continue performance of the
Contract to the extent not terminated.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">48.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Termination for Insolvency</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM may, at any time, terminate the Contract by giving a written notice to the CONTRACTOR,
without compensation to the CONTRACTOR, if the CONTRACTOR becomes bankrupt or otherwise insolvent,
provided that such termination will not prejudice or affect any right of action or remedy which has
accrued or will accrue thereafter to TELKOM.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="left">48.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Termination for Convenience</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM, may by written notice sent to the CONTRACTOR, terminate the Contract, in whole or in
part, at any time for its convenience. The notice of termination shall specify that a) termination
is for TELKOM&#146;s convenience, b) the extent to which the
CONTRACTOR&#146;s performance under</TD>
</TR>

</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 74 of 81<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Contract is terminated, and c) the date upon which such
termination becomes effective.</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Goods that are complete and ready for shipment within 30 (thirty)&nbsp;calendar days after
the CONTRACTOR&#146;s receipt of notice of termination shall be purchased by TELKOM at the
Contract terms and prices For the remaining Goods, TELKOM may elect.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to have any portion completed and
delivered at the Contract terms and
Price, and/ or.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to cancel the remainder and pay to
the CONTRACTOR an agreed
amount for partially completed
Goods and for materials, equipment,
and parts previously procured by the
CONTRACTOR.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the Works that have been executed prior to effectiveness of notice of termination,
TELKOM shall pay to the CONTRACTOR for all reasonable costs incurred in such execution of the
Works, in due consideration of the sum already paid to the CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">d.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Under this Article, the CONTRACTOR is entitled to be paid for the Work actually performed
and still to be performed such as for the items to be taken over by
TELKOM.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 75 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;49</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Termination of Contract</B>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">49.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM and CONTRACTOR shall make every effort to resolve amicably by direct informal
negotiation any disagreement or dispute arising between them under or in connection with this
Contract.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">49.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If after thirty (30)&nbsp;days from the commencement of such informal negotiations, TELKOM and
the CONTRACTOR have been unable to resolve amicably a Contract dispute, either Party may
require that the dispute be referred for resolution to the formal
mechanisms specified herein.
These mechanisms may include, but are not restricted to, conciliation mediated by a third
party, adjudication in an agreed national arbitration, Indonesian National Board Arbitration
(Badan Arbitrase Nasional Indonesia) in accordance with the laws of
Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">49.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Dispute Review Panel shall be composed of 3
(three)&nbsp;members. One member selected by
TELKOM, one by CONTRACTOR and the third by the both Parties. The first two members shall be
mutually acceptable to both TELKOM and CONTRACTOR. The costs incurred by the Dispute Review
Panel for the Trust two members in the performance of its duties and responsibilities shall be
borne respectively by TELKOM and CONTRACTOR, and for the third member equally by TELKOM and
CONTRACTOR.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">49.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Parties hereto agree decision of BANI shall be final and binding upon them and
therefore no other legal appeal may be permitted to any court of
competence. Upon decision of
BANI aforesaid, all terms and conditions of this Contract shall remain valid and the
respective Parties&#146; obligations shall be completed until such</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 76 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>dispute is declared to be settled</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;50</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Language and Measurement System</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The
Contract shall be written in the English and Indonesian languages and
shall be indicated in
metric units of measurements system. The English version of the Contract shall prevail in case of
difference in interpretation between the English version and the
Indonesian version. All
correspondence and other documents pertaining to the Contract which are exchanged by the Parties
shall be written in English.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;51</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Applicable Laws and Compliance with<BR>
Statutes, Regulations, and By-Laws</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">51.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Contract shall be interpreted in accordance with the laws
of Republic of Indonesia.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">51.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR shall, in all matters arising in the performance of the Contract, conform in all
respects with the provisions of national or state statutes, ordinances or other laws or any
regulations or by-laws of any local or other duly constituted authority that shall be
applicable to the Works, and shall keep TELKOM indemnified against all penalties and
liabilities of any kind for breach of any such satutes, ordinances or laws, regulations or
by-laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">51.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM assumes that CONTRACTOR has thoroughly informed himself about such laws and
regulations, and the CONTRACTOR shall be responsible for the
observance of the same.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">51.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Should there occur in Indonesia, subsequent to the date of this contract, any change to
the provisions of national or state statute, ordinance or other law
or any regulation or by-law of any local or other duly constituted authority, or the introduction of any such
national statute or others which</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 77 of 81<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>causes an increase or decrease of the Contract Price and/ or substantial effects in
the Time of Completion in the CONTRACTOR&#146;s performance under the Contract, such
increase or decrease of the Contract Price and/ or Time of Completion shall equitably
adjusted by mutual agreement between the Parties.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;52</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Notices</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">52.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any notice given by one party to the other pursuant to the Contract shall be sent in
writing and shall be addressed to TELKOM and CONTRACTOR as follows :</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>TELKOM</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attn : Project Manager<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PT TELEKOMUNIKASI INDONESIA TBK<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EGM Infrastructure Telecommunication<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graha Citra Caraka, Lantai M<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jl. Gatot Subroto, Kav 52, Jakarta<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telp. 021-5221500<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fax. 022-5229600<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CC : Director of IT and Supply

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>CONTRACTOR</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attn
: Mr.&nbsp;Yasunari Ishibashi<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address Fujitsu Ltd (Submarine networks),<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Photonics systems group, 4-1-1 kamikodanaka,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nakahara-ku Kawasaki, 211-8588 Japan<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phone No : &#043;81 44 7543866<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fax No : &#043;81 44 7543871

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attn : Mr.&nbsp;Ashutosh Bhargava<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address NSW, Kabel Strasse 9-11,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D-26954, Nordenham, Germany<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phone No : &#043;49 4731 821856<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fax No : &#043;49 4731 821528

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">52.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A notice shall be effective when delivered and signed acknowledge receipt or on the
notice&#146;s effective date, whichever is later.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->Page 78 of 81<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;53</B><BR>
<B>Effective Date of Contract (EDC)</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Contract shall be effective on the date as stated in TELKOM&#146;s official
announcement letter to CONTRACTOR
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;54</B><BR>
<B>Attachments</B>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">54.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The following documents shall be attached and constituted as an integral part of
this Agreement. These are arranged below as per their priority in order of their
precedence:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="85">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment l
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Minutes of Meetings (MoM&#146;s) between the parties</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter of Contract Award</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Commitment Letter</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Scope of Work</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Detail of Contract Price and Bill of Quantity</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Billing Milestones and Tentative Payment Schedule</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Implementation Schedule (Plan of Work)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Permit Matrix</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance List Responses</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Technical Specifications</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Request for Proposal</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Performance Bond Copy</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attachment 14
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consortium Agreement</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">54.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the event of discrepancies between the provisions of this Agreement with
attachments thereof, then the provisions of this Agreement shall
prevail.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;55</B><br>
<B>Severability</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event any of the articles of this Contract is unenforceable, then such article
shall be deleted and shall be deemed to be of no force or effect. The Parties shall, to
the extent possible, negotiate in good faith to agree upon an enforceable provision
having a materially similar effect, and this Contract shall be amended accordingly.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 79 of 81<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;56</B><br>
<B>Good Faith</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the implementation of this Contract the
Parties shall consider business ethics as a
public ethics to success and result of Project
quality.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">CONTACTOR shall make by its own costs 10 (ten)
copies of this Contact to be delivered to TELKOM
for the control of implementation of the Contract
and other related activities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Contract is made with good faith and must be
adhered to by Both Parties, made in 2 (two)
original, having the same contents written on the
sufficient duty-stamped paper having equal legal
powers after being signed and stamped with
corporate stamps of Both Parties. The terms and
conditions as stated in this Contract. are valid
for the official signed and his entire successors.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><b>Signed by</b></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><b>For and on behalfof:</b> </U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>PT TELEKOMUNIKASI INDONESIA, Tbk</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>NSW-FUJITSU CONSORTIUM,</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">/s/ Indra Utoyo
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">/s/ Gensei Katano</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><b><u>INDRA UTOYO</u></b>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><b><u>GENSEI KATANO</u></b></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><b>Director of IT &#038; Supply</b>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><b>Group Vice President,</b></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><b>Submarine Networks, Photonics Group,</b></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><b>Fujitsu Ltd</b></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">/s/ Rudolf Stahl</TD>
</TR>

<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 0px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>



<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><br><b><u>RUDOLF STAHL</u></b></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><b>Managing Director, NSW</b></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->Page 80 of 81<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><b>EMPTY</b>
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->Page 81 of 81<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>7
<FILENAME>u00157exv12w1.htm
<DESCRIPTION>EX-12.1 CERTIFICATION PURSUANT TO SECTION 302, THE SARBANES-OXLEY ACT OF 2002.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-12.1 Certification to Section 302</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;12.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION<BR>
PURSUANT TO SECTION 302<BR>
THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Rinaldi Firmansyah, certify that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;I have reviewed this annual report on Form 20-F of PERUSAHAAN PERSEROAN (PERSERO)&nbsp;P.T.
TELEKOMUNIKASI INDONESIA Tbk.;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Based on my knowledge, the financial statements and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations
and cash flows of the company as of, and for, the periods presented in this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The company&#146;s other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (defined in Exchange Act Rules&nbsp;13a-15(e) and
15d-15(e)) and internal control over financial reporting (defined in Exchange Act Rules&nbsp;13a-15(f)
and 15d-15(f)) for the company and have:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the company, including its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being prepared;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Designed such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Evaluated the effectiveness of the company&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Disclosed in this report any change in the company&#146;s internal control over financial
reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the company&#146;s internal control over
financial reporting; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;The company&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the company&#146;s auditors and the audit
committee of the company&#146;s board of directors (or persons performing the equivalent functions):
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect the
company&#146;s ability to record, process, summarize and report financial information; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Any fraud, whether or not material, that involves management or other employees who have a
significant role in the company&#146;s internal control over financial reporting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: May&nbsp;11, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Rinaldi Firmansyah
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Rinaldi Firmansyah</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD nowrap align="left">President Director and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>8
<FILENAME>u00157exv12w2.htm
<DESCRIPTION>EX-12.2 CERTIFICATION PURSUANT TO SECTION 302, THE SARBANES-OXLEY ACT OF 2002.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-12.2 Certification to Section 302</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;12.2
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION<BR>
PURSUANT TO SECTION 302<BR>
THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">I, Sudiro Asno, certify that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;I have reviewed this annual report on Form 20-F of PERUSAHAAN PERSEROAN (PERSERO)&nbsp;P.T.
TELEKOMUNIKASI INDONESIA Tbk.;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period
covered by this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Based on my knowledge, the financial statements and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations
and cash flows of the company as of, and for, the periods presented in this report;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The company&#146;s other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (defined in Exchange Act Rules&nbsp;13a-15(e) and
15d-15(e)) and internal control over financial reporting (defined in Exchange Act Rules&nbsp;13a-15(f)
and 15d-15(f)) for the company and have:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the company, including its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being prepared;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Designed such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Evaluated the effectiveness of the company&#146;s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Disclosed in this report any change in the company&#146;s internal control over financial
reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the company&#146;s internal control over
financial reporting; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;The company&#146;s other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the company&#146;s auditors and the audit
committee of the company&#146;s board of directors (or persons performing the equivalent functions):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect the
company&#146;s ability to record, process, summarize and report financial information; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Any fraud, whether or not material, that involves management or other employees who have a
significant role in the company&#146;s internal control over financial reporting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: May&nbsp;11, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Sudiro Asno
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Sudiro Asno&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD nowrap align="left">Director of Finance and Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>9
<FILENAME>u00157exv13w1.htm
<DESCRIPTION>EX-13.1 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-13.1 Certification to section 906</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;13.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION PURSUANT TO<BR>
18 U.S.C. SECTION 1350,<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report on Form 20-F of Perusahaan Perseroan (Persero) P.T.
Telekomunikasi Indonesia Tbk. (the &#147;Company&#148;) for the financial year ended December&nbsp;31, 2008 as
filed with the U.S. Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I,
Rinaldi Firmansyah, President Director of the Company, certify, pursuant to 18 U.S.C. &#167;1350, as
adopted pursuant to &#167;906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;the Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;the information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: May&nbsp;11, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Rinaldi Firmansyah
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Rinaldi Firmansyah&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD nowrap align="left">President Director and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>10
<FILENAME>u00157exv13w2.htm
<DESCRIPTION>EX-13.2 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-13.2 Certication oto Section 906</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;13.2
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CERTIFICATION PURSUANT TO<BR>
18 U.S.C. SECTION 1350,<BR>
AS ADOPTED PURSUANT TO<BR>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Annual Report on Form 20-F of Perusahaan Perseroan (Persero) P.T.
Telekomunikasi Indonesia Tbk. (the &#147;Company&#148;) for the financial year period ended December&nbsp;31, 2008
as filed with the U.S. Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), I,
Sudiro Asno, Director of Finance of the Company, certify, pursuant to 18 U.S.C. &#167;1350, as adopted
pursuant to &#167;906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;the Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;the information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date: May&nbsp;11, 2009
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Sudiro Asno
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Sudiro Asno&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD nowrap align="left">Director of Finance and Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
