Rev. No.

: 0
Date : 10/10/05
Exhibit : C2

PT. ISTANA KARANG LAUT PURCHASE ORDER NO.: 091/227/2019 AM.3

CIBIS NINE, 7th Floor CONTRACT NO.: CON-227/2015
Jl. TB Simatupang No. 2 CCN REF. : 415.05.00
Jakarta 12560 - Indonesia PO DATE : 13 FEB 2019
Telp. : (021) 806-82820, 806-82840 PO DATE AM1 : 30 JAN 2020
Fax : (021) 806-82640 PO DATE AM2 : 04 MARCH 2020
Email : [email protected] PO DATE AM3 : 14 MAY 2020

CONTRACT : CON-227 / 2015 SGS-CSTC Standards Technical Services

CATALYTIC REFORMING UNIT WITH ASSOCIATED (Qingdao) Co., Ltd
FACILITIES CAPACITY 3000 BBL/DAY AT RASHIDPUR, SGS Center, No. 143 Zhuzhou Road,
BAHUBOL, HABIGANJ, BANGLADESH Hi-Tech Industrial Park, Qingdao, China 266101
Tel : +86 (532) 68999254 / 13583216363

REQUISITION : PCF DD 28 DECEMBER 2018 Attn.: Ms. Fiona Sun

Email : [email protected]
DESCRIPTION : THIRD PARTY INSPECTION AND EXPEDITING SERVICES

Please kindly supply the following services in compliance with the conditions stated herein Currency : USD

Item Description Qty Unit Unit Price Total Price

AMENDMENT NO. 3

This PO Amendment No. 03 has been issued to Incorporate Final Purchase Order price
based on actual supply made by Seller and Payment made by Buyer as per Seller's
Invoices.

Herein after, PT. Istana Karang Laut, Indonesia shall be referred to as BUYER; and SGS-CSTC
Standards Technical Services (Qingdao) Co., Ltd, China shall be referred to as SELLER.

Provision for the performance of Third Party Inspection and Expedting Services (herein after
shall refer to as SERVICES) to be performed by SELLER as per requisitions in accordance with
the Scope of Inspection Services assigned to SELLER by BUYER.

Third Party Inspection and Expediting Services to be performed in China location as per the
following applicable rates:

A SERVICES by spot
A.1 Man-day rate USD 400.00 per man-day 3 83 Visit 400.00 33,200.00
A.1a Man-day rate USD 400.00 per man-day 12 Visit 400.00 4,800.00
A.1.1 Inspection 5.5 Visit 400.00 2,200.00
A.1.2 Hotel 9 Visit 50.00 450.00
A.1.3 Travel Allowance 1 Lot 50.00 50.00
A.2 Hotel rate USD 50.00 per night (when occurred)
A.3 Long distance cost of round trip in the event inspector from nearest office within 200 KM is not
approved (air ticket, train, bus): to be back charged at cost. However, SELLER shall obtain
BUYER's approval on SELLER's proposed inspector and cost prior to proceed

B SERVICES by resident (continuous services up to or over one month)

B.1 Man-month rate USD 7,040.00 per man-month
The above man-month rate included 1 inspector x 8 working hours x 22 working days per
month, including time spend for travelling), which equal to USD 320.00 per man-day
B.2 Long distance cost of round trip (air ticket, train, bus) to be back charged at cost
B.3 Other relevant cost if occur. However, SELLER shall obtain BUYER's approval on the
SELLER's proposed cost prior to proceed

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Item Description Qty Unit Unit Price Total Price

NOTES:
1) The above indicated numbers under quantity column is made for estimation purposes only
and will be subjected for adjustment based on actual visit and services carried out by
SELLER based on BUYER's request and approval.
2) The above stated man-day and man-month rates are applicable rate per person of
appointed inspector.
3) The above rates are including reporting in the form of Flash Report to be submitted on the
same day when SERVICES being carried out and Official Report in 48 hours.

Sub Total Price AM.2 - USD 15,500.00

Increase / (Decrease) - USD 25,200.00
Total Price - USD 40,700.00
3

TERMS AND CONDITIONS

1.0 DEFINITIONS
CLIENT means SYLHET GAS FIELDS LIMITED (SGFL), BANGLADESH.
BUYER means PT. ISTANA KARANG LAUT (IKL), JAKARTA, INDONESIA.
SELLER means SGS-CSTC STANDARDS TECHNICAL SERVICES (QINGDAO) CO., LTD, CHINA.
PROJECT means 3000 BBL/DAY CAPACITY SEMI REGENERATIVE CATALYTIC REFORMING UNIT WITH ASSOCIATED
FACILITIES AT RASHIDPUR, BAHUBOL, HABIGANJ, BANGLADESH.
MAIN CONTRACT means any contractual document entered into by the CLIENT and the BUYER related to the Project .
PURCHASE ORDER means this Purchase Order ("PO") as described in GCP and shall be inseparable part of GCP.
GCP means General Conditions for Purchase of Goods and Services elaborating the terms and conditions of the contractual relationship between the
BUYER and SELLER that shall govern the PURCHASE ORDER.
CONTRACT means GCP and PURCHASE ORDER including all appendiches attached to the PURCHASE ORDER.
Note: Other Definitions shall refer to GCP.

2.0 PRICE
Total Value of Purchase Order is USD 40,700.00 (US DOLLARS Fourty Thousand and Seven Hundred only).
3 The above Purchase Order value is fixed/firm and is not subject to any fluctuation and/or adjustment. The price is including VAT in Country of SELLER's
Origin.

3.0 SCHEDULE OF SERVICES

BUYER will provide SELLER with schedule for the SERVICES to be performed by SELLER.

4.0 PAYMENT TERMS

Payment will be made on invoicing monthly basis in 30 (thirty) days from the date receipt of original invoice and complete with submission of SERVICES
(inspection and/or expediting) report.
All payment shall be transferred by BUYER to the following SELLER designated Bank Account, by Telegraphic Transfer
Beneficiary's Name : SGS-CSTC STANDARDS TECHNICAL SERVICES (QINGDAO) CO., LTD
Bank Name : Citibank (China) Co. Ltd., Tianjin Branch
Bank Account No. : 1736915002 (USD Account)
Swift Code : CITICNSXTJN
Branch : Tianjin Branch
Bank Address : Unit 1807, Metropolitan Tower, No. 183 Nanjing Road, Heping District, Tianjin, P.R. China
SELLER shall notify to any changes on the bank account and PO shall be amended to incorporate such changed bank account.

5.0 INVOICING
Original invoices(s) quoting reference of the PURCHASE ORDER No shall be submitted in triplicate together with all required documents to the address
specified below. Invoices received without the required documents and do not comply with the provisions of the order shall be returned to SELLER for
corrective action.

PT. ISTANA KARANG LAUT

Cibis NINE, 7th Floor
Jl. TB Simatupang No. 2, Jakarta 12560 - INDONESIA
Telp. : +62 21 80682820 / 80682840
Fax. : +62 21 80682640
Attn. : ACCOUNTING DEPARTMENT

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6.0 SCOPE OF SERVICES
- Performance of SERVICES as per BUYER's request and scope of works assigned to SELLER
- SELLER shall shall submit following SERVICES Report to BUYER:
a) Flash Report to be submitted on the same when SERVICES being carried out
b) Official Report to be submitted in 48 (forty eight) hours

7.0 CONTRACT DOCUMENTS

The following DOCUMENTS shall bind SELLER (as BUYER appointed THIRD PARTY INSPECTOR) and BUYER as contractual document ("Contract
Document"). If there is a conflict among the Contract Document, the rank of priority is as set below:
- PURCHASE ORDER ("PO");
- General Conditions for Purchase ("GCP");
- All email correspondences and clarifications related to the requisitions which had made between BUYER & SELLER;
- Charter - Global performance commitments for VINCI suppliers;

8.0 SERVICES AND FACILITIES

N/A

9.0 CONSTRUCTION & FABRICATION SAFETY

N/A

10.0 PROGRESS REPORTING, EXPEDITING AND INSPECTION

SELLER shall submit Daily Inspection Report by email to the BUYER and following to submit hardcopy of the same as requested by BUYER.

11.0 DOCUMENTATION
- SELLER's Report for the SERVICES to be submitted to BUYER as follow:
a) Flash Report to be submitted on the same when SERVICES being carried out
b) Official Report to be submitted in 48 (forty eight) hours

12.0 PERFORMANCE BOND

N/A

13.0 WARRANTY
N/A

14.0 MATERIAL CONDITIONS

N/A

15.0 LIQUIDATED DAMAGES

N/A

16.0 APPLICABLE LAW

Refer to Article 23 of GCP, the Applicable Laws mentioned thereof shall be replaced and agreed by both Parties to be governed by the laws of French
or England.

17.0 CANCELLATION/TERMINATION
In addition to Article 20 of GCP:
a) Cancellation/Termination by CLIENT
Should (i) BUYER and CLIENT terminate the negotiations on the MAIN CONTRACT without reaching an agreement or shall (ii) the MAIN CONTRACT
between CLIENT and BUYER be terminated by CLIENT for any reason, even if for reasons attributable to BUYER, BUYER shall be entitled to terminate
the CONTRACT with immediate effect.

Upon receipt by SELLER of notice that BUYER terminates the CONTRACT for reasons as per (i) or (ii) above, SELLER shall, unless otherwise
instructed by BUYER, cease all further performance of the CONTRACT.

BUYER shall reimburse SELLER for all costs directly, irrevocably and duly incurred under the CONTRACT prior to the date of termination of the
CONTRACT. Such costs shall be duly supported (sub-orders, invoices, other required supporting data/evidence) and in compliance with the progress of
the performance of the CONTRACT.

b) Cancellation/Termination due to Supplier's fault

Termination may occur in the event the SELLER breaches any of Terms of Conditions of the CONTRACT or fails to perform/adhere to any of its
obligations stated in the CONTRACT including but not limited to the failure to deliver the material / equipment per schedule delivery period specified in
the CONTRACT. Before Termination due to SUPPLIER's fault, BUYER shall give a reasonable time for SELLER to make good the WORK. If SELLER
fails to remedy the WORK, then Termination shall occur but SELLER shall not be released from any obligations under the CONTRACT.

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18.0 MANAGEMENT OF CHANGE
N/A

19.0 PACKING AND CRATING

N/A

20.0 LANGUAGES
Referring to GCP the language shall be in French and English, but since there is no specific requirement by MAIN CONTRACT, therefore the
CONTRACT shall be conducted in English language.

21.0 NOTICE
All notices required to be given under the CONTRACT shall be given by mails or emails, posted to the address and person in charges of each Party as
follows :

BUYER
Name : Sebastien Monnet
Position : Project Manager
Address : CIBIS NINE, 7 th Floor, Jln. TB Simatupang No.2, Jakarta 12560 – Indonesia
Phone : +62-21-80682820
Email : [email protected]

In daily correspondence during Work's execution BUYER's following personnel can also have communications with SELLER with copies to each others:

Operations Director : Philippe Supper

Email : [email protected]

Procurement Manager : Clement Alis

Email : [email protected]

SELLER
Name : Ms. Fiona Sun
Address : SGS Center, No. 143 Zhuzhou Road, Hi-Tech Industrial Park, Qingdao, China 266101
Phone : +86 (532) 68999254 / 13583216363
Email : [email protected]

Detail of communication channel will be finalized during the performance of Kick-Off Meeting. Any changes of the above Notice shall be notified by the
Party initiated changes to the other Party. Each Party shall carefully recognize all personnel in the loop of correspondences including email addresses,
and shall communicate to each others immediately if there is a suspicious personnel involved.

22.0 FORCE MAJEURE

-
“Force Majeure Event” means in relation to any Party any of the following acts, events or circumstances which (a) renders the affected Party or its
subcontractor unable to perform its obligations; and (b) is beyond the reasonable control of the Party affected by such event; and (c) which could not be
avoided or prevented by the affected Party acting with due care, such as, but not be limited to: (i) explosion, flood, lightning, storm, typhoon, tornado,
earthquake, volcanic outbreak, landslide, soil erosion, subsidence, washout, epidemic, explosion, aircraft crashes, storms, release of ionising radiation
or contamination by radioactivity, chemical or biological contamination; (ii) war (whether declared or undeclared), civil war, act of terrorism, riot, civil
disturbance, blockade, insurrection, military uprising, embargo, or act of public enemies; (iii) revolution, rebellion, civil commotion, seizure or act of
sabotage, acts of vandalism; (iv) strike, lockout or industrial disturbance or other industrial trade dispute; and (v) acts of any government, decrees or
instructions (vi) equipment breakdown failures or fluctuations in electrical power, heat, light or air conditioning.

- Each Party shall be excused from performing its obligations hereunder to the extent that such Party is prevented, hindered or delayed by a Force
Majeure Event.
- If a Party is unable to perform any of its obligations under this Agreement due to a Force Majeure Event (the "Affected Party "), such obligations shall be
suspended without liability of the Affected Party for such period as the performance is prevented, hindered or delayed by the Force Majeure Event,
provided that, as soon as reasonably practicable the Affected Party notifies the other Party in writing of the Force Majeure Event.
- The Affected Party shall take reasonable measures to mitigate the effects of the Force Majeure Event. As soon as reasonably practicable after the end
of the Force Majeure Event, the Affected Party shall resume performance of this Agreement.
- If the performance in whole or in part of any substantial obligation under this Agreement is prevented, hindered or delayed by reason of any Force
Majeure Event for a period exceeding six (6) months, then either Party may terminate this Agreement by giving the other Party a seven (7) calendar
days' written notice. Neither Party shall be entitled to damages resulting from any such termination.

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23.0 ACKNOWLEDGMENT
Referring to Article 3 of GCP, SELLER shall require to comply with the "Acknowledgment and Acceptance" within 5 (five) business days upon receipt
and we look forward to your contribution to the success of this PROJECT.

Acknowledgement and Acceptance

Name _________________________

Position _________________________

Date _________________________
Approved by :

Philippe SUPPER
( Operations Director )

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