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Translation

No.........(1)

BANK GUARANTEE __________________(2) No.______________(3) The undersigned: PT. BANK XXXXX, domiciled in Jakarta, in this case

through its Branch Office of ______(4) located in ______(5) duly represented by _______(6) in his or her position as ____(7) hereinafter referred to as the GUARANTOR hereby declares to pay to: Name Address : .......................................(8) : .......................................(9)

hereinafter referred to as the GUARANTEE RECIPIENT an amount of money which in total does not exceed

Rp_____________________________________________________(10) (say___________________________________________________(11) if: Name Address : ...................................... (12) : ...................................... (13)

hereinafter referred to as the GUARANTEED PARTY, has failed to meet his/her obligation (in default) to the GUARANTEE RECIPIENT comprising _________(14) as stated in __________(15) on __________(16) This Bank Guarantee has been issued under the terms and conditions as follows: 1. This Bank Guarantee shall be valid from ___________(17) until ___________(18) 2. The claim shall be submitted no later in than writing 14 by the

GUARANTEE

RECIPIENT

(fourteen)

calendar days after the Bank Guarantees maturity date as referred to point 1 above.

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3. The GUARANTOR shall pay the claim made by the GUARANTEE RECIPIENT RECIPIENT based on the assessment the of the GUARANTEE that the

supported

with

evidence

GUARANTEED PARTY fails to meet his or her obligations or has committed a default to the GUARANTEE RECIPIENT . 4. The GUARANTOR refers to Article 1832 paragraph 1 of the Indonesian Civil Codes (KUH Perdata), has relinquished its privileges to claim for the assets belonging to the GUARANTEED PARTY be first confiscated and sold, and the proceeds be used to settle his or her payables. 5. This Bank Guarantee is not transferable or may be used as collateral to the other parties. 6. As regards all the consequences which may arise from this Bank Guarantee, the Parties have chose their

general and permanent legal domicile at the Registrar Office of the District Court of Central Jakarta.

Issued in Jakarta On .......................


(19)

PT. BANK XXXXX ...........

(20)

When in doubt, the holder of this Bank Guarantee is advised to verify this to the Manager
(21)

office

of

PT.

BANK

XXXXX issuing this.

Head Office: Jalan xxxxxxxx No. xx, Jakarta xxxx, Phone: xxxxx (hunting), Telex: xxxxxxx, Fax: xxx-xxxxxx