JOINT OPERATION AGREEMENT

BETWEEN
BULION VENTURA INTERNATIONAL LIMITED
AND
GOMMAFLEX INCORPORATED
18 MARET 2014
This Joint operation Agreement (hereinafter referred to as Agreeme!") is made and signed on
11 Februari 2014 by and between :
BULION VENTURA INTERNATIONAL LIMITED DIRECTOR Liabiity !ompany
registered in "ndonesia a##ording to the Law of "ndonesia Limited Liabiity !ompany$ has ega
domi#ie at "%&'%()"A in this matter represented by #$ MU#IDIN %UD#A JUMAT as
&ire#tor the hoder "ndonesia "& (passport) no : A &'244&( (hereinafter referred to as the
FIR)T PART%")
And
GOMMAFLEX INCORPORATED Limited Liabiity !ompany registered in !A%A&A
a##ording to the Law of "%&'%()"A Limited Liabiity !ompany$ has ega domi#ie at
!A%A&A in this matter represented by FRANCOI) FORTIN$ CEO the hoder !A%A&A "&
(passport) no GA12&02&* (+, MARIE ANNE ME))IER* BOUC#ERVILLE* -UEBEC*
CANADA* J4B '.8 (hereinafter referred to as the )ECOND PART%")
FIR)T PART% and )ECOND PART% separatey here referred to as T#E PART%" and
atogether hereunder refereed to as T#E PARTIE)"$ sha pre*iousy eu#idate fa#ts as
foow :
+here T,( F"-)T .A-T/ is the #ompany that a#ti*ities in the fied of asset
management and pro*iding the ban0 guarantee from Top 21 .rime 2an0 reated to the
pro3e#t in*estment and duy i#ensed and 4uaified to perform pro3e#t in*estment for
.ri*ate .a#ement .rogram For humanitarian and *arious other .ro3e#t5program in
"ndonesia6
+hereas T,( )(!'%& .A-T/ is #apabe of pro*iding su#h e4uipment$ spares$ s0ied
ad*i#e$ #ounse$ manageria and te#hni#a assistan#e due to it7s e8perien#e in the design$
engineering and operation of e4uipment reated to business throughout the word and duy
i#ensed and 4uaified to perform pro3e#t in*estment in "ndonesia6
+hereas T,( .A-T/ in intended to estabishment a Join 'peration for pri*ate
.a#ement .rogram For ,umanitarian and *arious other .ro3e#t5program in "ndonesia6
The .arties sha #ontribute their best efforts to impement this Agreement with stri#t
#onfidentia and mutua benefit basis6
1
%'+$ T,(-(F'-($ in #onsideration of the abo*e hereinafter the parties hereby agree to
#onsummate this 3oint 'perating agreement and enter into this Agreement upon the foowing
terms and #ondition as foow :
Ar!/01e 1
DEFINITION
"n this Agreement$ uness the sub3e#t or #onte8t otherwise re4uires :
The foowing words and e8pressions sha ha*e the foowing meanings :
16 .ro3e#t :are the .ro3e#t by the Joint operation as
atta#hed hereto as Ae2 1 or any other .ro3e#t as
mutuay agreed by the parties6
26 2an0 9uarantee : is the 2an0 9uarantee within amount of
: 10600060006000$00 (Ten 2iion (uro)
issued by Top 21 .rime 2an0and on behaf the entire
pro3e#t wor0 issued to the Joint 'perations operated by
and between the First .arty and the )e#ond .arty
;6 2usiness &ay :is any other day beside )aturday$ )unday or any other
pubi# hoiday whi#h the #ompanies open for business6
46 Joint 'peration :is the business operated by and between the First party
and the )e#ond .arty to finan#e the pro3e#t6
16 'perationa !ost :is the #osts and e8penses in#urred for the term of this
Agreement in the operation of the Joint 'peration whi#h reate
to the day<to<day operation su#h as saaries for empoyees and
staff$ rent and other payments due to insuran#e #osts reating to
the maintenan#e of #asuaty and iabiity$ insuran#e interest and
re4uired prin#ipa amorti=ation$ repair and up0eep property and
e4uipment used in #onne#tion with the operation of this
Agreement and #osts for the pur#hase of offi#e suppies and
e4uipment6
>6 Fis#a year :is the finan#ia year on the end of ?December@ when the
.arties de#ided to #ose the Joint 'peration 2oo00eeping6
A6 Lo#ation :The Lo#ation sha primariy by$ but not imited to$ the
9ermany and "ndonesia
B6 -eferen#es to Anne8es$ -e#itas$ !auses$ and )#hedues and Appendi#es are to re#itas and
#auses of and s#hedues and appendi#es to this AgreementC
D6 The headings are for #on*enien#e ony and sha not affe#t the interpretation hereofC
2
106 A #apitai=ed terms and definition defined in any other agreements in #onne#tion with this
Agreements sha ha*e the same definition and meaning in this AgreementC
Ar!/01e 2
PURPO)E OF T#E AGREEMENT
The purpose of this Agreement is to #ooperate in pro*iding the 2an0 9uarantee within amount of
: 10600060006000$00 (Ten 2iion (uro) issued by Top 21 .rime 2an0for purposes of obtaining
2an0 oan for the finan#ing the .ro3e#t or other a#ti*ity whi#h shoud be agreeaby by the
.arties6
Ar!/01e '
)COPE OF COOPERATION
The s#ope of #ooperation #o*ering the obigations of the .arties are the foowing :
16 To form a 3oint 'peration organi=ation between the parties as an impementation of this
Agreement$ whi#h the .arties sha obiged its representati*es as 'rgani=ing !ommittee and
'rgani=ing with su#h other tites whi#h may be de#ided by the .arties from time to time6
26 To #oe#t and pro*ide data$ information$ and do#umentation tor the purpose to fa#iitate the
pro3e#t6
;6 To determine the terms and #ondition and the main prin#ipe of the Joint operation whi#h
manage the me#hanism$ responsibiity and the rights of ea#h party6
46 The F"-)T .A-T/ sha pro*ide a the ne#essary re4uirement for issuing !ertifi#ate of
&eposit on behaf of the entire .ro3e#t wor0 issued to the Joint 'peration operated by and
between the F"-)T .A-T/ and T,( )(!'%& .A-T/$ #orresponden#e$ data pro#essing6
16 The )(!'%& .A-T/ sha pro*ide a the ne#essary e4uipment for this Joint 'peration$
in#uding #ars$ #omputers$ to rent offi#es and ma#hinery as ong as its reated to perform this
Agreement6 The said pa#e for the Joint 'peration sha be o#ated at "ndonesia $ an address
where the )(!'%& .A-T/ has obtained Ta8 -egistration number to #ondu#t #ommer#ia
business #omprising6
>6 The F"-)T .A-T/ sha #oaborate with the )(!'%& .A-T/ in formuation a finan#ing
pan whi#h sha .ro3e#t targets and reated finan#ing strategies$ in#uding fund budget6
Ar!/01e 4
OBLIGATION) OF T#E PARTIE)
16 The .arties are obiged to #ontribute their best efforts in good faith to impement this
Agreement with mutua benefit basis6
;
26 The .arties sha grant a##ess information on any reated information$ whether mar0ed or not
as E!onfidentiaF$ for the purpose of this Agreement6
;6 The .arties sha grant a##ess to any of its fa#iities for the purpose of this Agreement6
46 The F"-)T .A-T/ is responsibe for the issuing of a 2an0 9uarantee within amount of
: 10600060006000$00 (Ten 2iion (uro) issued by Top 21 .rime 2an0and pro*iding its own
fund for the purpose of the 3oint operation6
16 The )(!'%& .A-T/ is responsibe to 'pening Joint A##ount for the a#ti*ating of 2an0
9uarantee$ within amount of : 10600060006000$00 (Ten 2iion (uro) under The F"-)T
.A-T/ instru#tion by .ower of Attorney6
>6 The .arties are obiged to abide the terms and #onditions of this Agreement6
Ar!/01e +
T#E RIG#T) OF T#E PARTIE)
16 The parties ha*e the right to get the #ommitment from the other .arty that the fund obtain is
for the purpose of the pro3e#t6
26 The .arties ha*e the right to propose the usage of the fund obtained for the used in the
agreed pro3e#t6
;6 The parties ha*e the right to re#ei*e re*enue as a resut of the performan#e of this
Agreement6
46 The .arties ha*e the right to demand the other .arty to perform its obigations under this
Agreement6
Ar!/01e ,
PROJECT
16 The .ro3e#t finan#ed by the Joint operation are the pro3e#ts as set out in Anne8 1 of this
Agreement or any other pro3e#ts as further agreed by the .arties6
26 The Joint 'peration sha be obigated to #aused the owner of the pro3e#t to insured the
pro3e#t on a reputabe insuran#e #ompany with an insuran#e #ost it estimated to be the same
or bigger than )tipuated Loss Gaue
Ar!/01e &
CO)T AND TAXATION
4
The )(!'%& .A-T/ sha fuy responsibe on the #ost and ta8ation$ under foowing
#onditions :
16 The )(!'%& .A-T/ are responsibe in pro*iding fund for the 'perationa !ost6
26 The )(!'%& .A-T/ are obiged to pay saary$ aowan#e and bonus to their representati*es
and personne who are member of the 'rgani=ation in a##ordan#e with its interna reguation
e8#uding the 'perationa !ost and The )(!'%& .A-T/ sha soey be responsibe against
#ost and e8penses$ whi#h are reasonaby and propery in#urred by the parties in performing
the responsibiities of this Agreement6
;6 "n the e*ent in#urred an additiona #ost in performing this Agreement whi#h e8#eeded the
budget appro*ed by the .arties in the operationa !ost$ su#h additiona funding re4uest sha
be submitted by the 'rgani=ation to the .arties sub3e#t to the .arties appro*a6
46 The )(!'%& .A-T/ are entited to pay in#ome ta8 whi#h may be imposed under this
Agreement$ under the pre*aiing aws and reguations6
Ar!/01e 8
FINANCE
16 The fund the purpose of operating the Join 'peration is a##umuated from :
3$ T4e B35 G63r3!ee 7/!4/ 3m86! 89 : 10$000$000$000*00 ;Te B/11/8 E6r8< T4e
)ECOND PART% 96= : 10$000$000$000*00 ;Te B/11/8 E6r8< 98r B35 C43rge>$
;0*001 ? 9r8m T8!31 V316e 89 BG<
26 The fund #oe#ted sha be used for the finan#ing the .ro3e#t and 'perationa !ost6
;6 2ased on the finan#ing .ro3e#t #ondu#ted by the Joint 'peration$ the .arties agree that
re*enues re#ei*ed sha be :
a6 "n #ase the )e#ond .arty re4uires fund it sha be in written re4uest and the fund
wi be disbursed by 3oint 'peration through the )(!'%& .A-T/ with 161 H
interest per annum6 This fund purposes to be used for the pro3e#t ony6
b6 "n the other pro3e#ts besides pro3e#t as appro*ed by the parties$ it must be done
by the First party through Joint 'peration and the net profit after interest$
operation #osts and a appi#abe ta8es wi be spit 10 H : 10 H between the
First .arty and )e#ond .arty6
'r any other #onditions as mutuay agreed by the .arties6

46 The Joint 'perationa sha operate in Ja0arta organi=ed by the 'rgani=ation whi#h sha
estabish a Joint 'peration #ompany ban0 a##ount into whi#h a monies re#ei*ed as
re*enue$ and from whi#h (pro*ided the suffi#ient funds are a*aiabe) sha be paid a
e8penditures in#urred in the #ourse of operations$ in#uding without imitations the First
.arty management fee and any other #ost in#urred under this Agreement6
1
Ar!/01e (
TERM AND TERMINATION OF T#E AGREEMENT
16 The terms of Agreement sha e deemed to ha*e #ommen#ed of 11 Februari 2014 and
sub3e#t to the pro*isions hereof$ sha #ontinue for the entire period of .ro3e#t6
26 "n #ase one of the .arties intend to terminate this Agreement$ then the .arty intended sha
notify the other party in writing regarding the said matter not ater than one (1) mount prior
to the intended effe#ti*e date of the termination of this Agreement6
;6 The .arties ha*e the right and entite to re3e#t the said re4uest for terminating the Agreement
before effe#ti*e date of the termination of this Agreement as mentioned in #ause 1 abo*e of
this Agreement with some reason unti the effe#ti*e date of the termination of this
Agreement6
46 2oth .arties agreed to sette any outstanding matters in reation to this Joint 'peration6
Ar!/01e 10
EVENT) OF DEFAULT#
16 The .arties may terminate this Agreement if one of the foowing e*ent o##urs :
a6 The other .arty is in defaut$ being unabe to fufi or fais to perform any terms and
#onditions of this Agreement and a suppements and amendments and any anne8es
theretoC
b6 Any #hange in the appi#abe aw or reguation or it be#omes 0nown to the .arties$ as
the #ase maybe whi#h sha ma0e it unawfu for the other .arty to #ontinue this
AgreementC
#6 Any representations$ #o*enants and warranties gi*en by the other .arty under this
Agreement is not #orre#t or is in brea#hC
26 Ipon the termination of the Agreement the parties and the Joint 'peration sti obigated to
#arry out their remaining obigations under this Agreement6
Ar!/01e 11
CONFIDENTIALIT%
16 The .arties a#0nowedges that the information and 0nowedge dis#osed by the other .arty
is highy uni4ue$ *auabe and #onfidentia6 !onfidentiaity between the parties sha at a
time be preser*ed and neither party sha 0nowingy re*ea or disseminate #onfidentia data
obtained as a resut of the Agreement6 The .arties a#0nowedge su#h data or information
sha ony be used in reation of the performan#e of this Agreement6
26 This !onfidentiaity sha not #eased e*ent if this Agreement is terminated6
>
Ar!/01e 12
FORCE MAJEURE
16 "f by any reason of for#e ma3eure the .arties hereto are pre*ented from or unabe to perform
their obigations hereunder they sha be reeased from the obigations under this Agreement
to be performed subse4uent to the o##urren#es of an e*ent of for#e ma3eure6 Fore the
purposes of this Agreement EFor#e Ja3eureF sha be deemed to mean any #ir#umstan#es
beyond the #ontro of the party affe#ted in#uding$ but not imited to6 A#ts god$ fire$ food$
war$ embargo$ a##ident$ abor troube$ or any aw or reguation of the -epubi# of "ndonesia6
26 "n the e*ent of for#e ma3eure$ the suffering .arty sha notify the other .arty in writing at the atest of A
(se*en) days after the o##urren#e of the e*ent of the for#e ma3eure6
Ar!/01e 1'
REPRE)ENTATION AND WARRANTIE)
The .arties represent and warrants to one another that :
16 "t is a #orporation duy organi=ed$ *aidy e8isting$ and in good standing under the
pre*aiing aws$ with the #orporate authority to #ondu#t its business in the manner in whi#h
su#h business is being #ondu#ted and is to be #ondu#ted hereunder6
26 "t has fu #orporate power and authority to e8e#ute$ dei*er$ and perform this Agreement6
;6 This Agreement has been duy authori=ed and e8e#uted on behaf $ is a ega$ *aid and
binding obigation on it$ and is enfor#eabe against it in a##ordan#e with is terms6
46 "t has$ and wi maintain in for#e throughout the term of this Agreement$ a re4uired
permits$ i#ense and #ertifi#ates ne#essary to perform its obigation hereunderC
16 "t is nit re4uired to obtain the #onsent of any other party for the e8e#ution$ dei*ery$ or
performan#e of this Agreement and the e8e#ution$ dei*ery and performan#e of this
Agreement wi not #onstitute a brea#h of any agreement to whi#h it is a party or by whi#h it
is bound$ nor wi it #ontra*ene any pro*ision of its deed of estabishment or arti#es of
asso#iation$ or *ioate$ #onfi#t whit$ or resut in a brea#h of any aw$ order$ 3udgment$
de#ree$ or reguation binding on it or to whi#h any of its businesses$ properties or assets are
sub3e#t6
>6 There are no #aims$ a#tions$ suits or pro#eedings pending against it$ the out#ome of whi#h
#oud materiay and ad*ersey affe#t the transa#tions #ontempated by this Agreement$ and
it is not sub3e#t to any order$ writing$ in3un#tion or de#ree whi#h #oud materiay and
ad*ersey affe#t its abiity to perform the transa#tion #ontempated by this Agreement6
A6 There is no pro*ision of any e8isting aw$ rue$ mortgage$ indenture #ontra#t$ finan#ia
statement$ agreement$ resoution$ or any other do#uments binding on it that woud #onfi#t
whit or any way pre*ent the e8e#ution$ dei*ery$ or #arrying out of the terms of this
Agreement6
A
B6 %ot ta0e any a#tion in#onsistent with the .arties obigation under Agreement and sha
pro*ide su#h assistan#e needed as is reasonaby re4uested by the other .arty6
D6 Ise a reasonabe endea*ors to 0eep in for#e a i#enses$ appro*as$ authori=ations and
#onsents whi#h may be ne#essary in #onne#tion with the performan#e of its obigations
under this Agreement and sha so far as it reasonaby #an do so$ perform its obigations
under this Agreement in su#h a way as not to pre3udi#e the #ontinuation of any su#h
appro*a$ authori=ation$ #onsent or i#ense6
106 The .arties sha hereby warrant that it sha #ompy with any ree*ant ega re4uirements in
the performan#e of its obigation under this Agreement6
116 The .arties sha at a time 0eep proper boo0s of a##ount in reation to its obigations under
this Agreement6
126 The .arties sha pro#ure that the re#ords are 0ept in safe #ustody in the manner e8pe#ted of
a reasonaby prudent finan#ier and sha not without the prior written #onsent of the other
.arty$ to posses$ #ustody or #ontro of them otherwise than pursuant to any #ourt order$ or
any dire#tion of 9o*ernmenta Agen#y or other body whit whose dire#tion it ordinariy
#ompies (in whi#h #ase the .arties sha prompty notify the other .arty of the issuan#e of
any su#h order or dire#tion)
Ar!/01e 14
INDEMNIT%
16 The .arties agree to indemnify the other party for any oss or damage whatsoe*er suffered$
or that may be suffered (in#uding but not imited to dire#t and #onse4uentia oss) as a
resut of any a#t or omission by the .arty$ whether negigent or otherwise$ in the
performan#e of any duty$ obigation or fun#tion under this Agreement or in any way arising
out of its being party to this Agreement6
26 The .arties sha responsibe on its behaf in#uding ega e8penses thereon$ for any #aims
in#urred by any third party(ies) for its faiure in performing its obigations under this
Agreement6
Ar!/01e 1+
A))IGNMENT
The .arties to this Agreement agree that no .arty sha ha*e the right to assign or transfer any of
its rights hereunder$ or any part thereof$ to any party without the prior written #onsents of the
other .arty6
B
Ar!/01e 1,
)ETTLEMENT OF DI)PUTE)@ARBITRATION
16 Any and a disputes arising in #onne#tion with this agreement sha$ so far as is possibe$ be
setted ami#aby among the parties6
26 Faiing su#h ami#abe settement$ any and a disputes arising from$ or in #onne#tion with
this Agreement$ or it7s performan#e (in#uding the *aidity of this Agreement) sha be
setted by arbitration to be hed in Ja0arta$ "ndonesia$ in the (ngish anguage through
B3=3 ArA/!r3>e N3>/831 I=8e>/3 ;BANI< / 3008r=30e 7/!4 !4e 137 N8$'0 89 1(((
regarding Arbitration and Aternati*e &ispute )ettement6
;6 The de#ision of the 2A%"7s 2oard of Arbitration sha be fina$ binding and in#ontestabe
and may be used as a basis for 3udgment thereon in the -epubi# of "ndonesia or esewhere6
46 .ending the submission to arbitration and thereafter and unti the "ndonesian 2oard of
Arbitration pubishes it7s award$ the .arties sha #ontinue to perform a their obigation
under this Agreement without pre3udi#e to a fina ad3ustment in a##ordan#e with the said
award6
16 The .arties hereto wai*e the appi#ation of Arti#e 12>> and 12>A of the !i*i !ode of
-epubi# of "ndonesia6
Ar!/01e 1&
NOTIFICATION
16 Any noti#e$ by way of demand of otherwise$ sha be gi*en by tee8 or #abe or by dei*ery
in person addressed as foows :
I$ FIR)T PART% II$ )ECOND PART%
BRANC# OFFICE INDONE)IA F8r 3= 8 Ae4319 89
DIRECTOR GOMMAFLEX CORP$
#$ MU#IDIN %UD#A JUMAT FRANCOI) FORTIN* CEO
'r to su#h other address as may be designated in writing by either party in a##ordan#e
with the foregoing6 Any noti#e so gi*en sha be deemed to ha*e been re#ei*ed on the
first wor0ing day foowing the day sent$ e8#ept noti#e by persona dei*ery$ whi#h sha
be deemed re#ei*ed when dei*ered6
D
26 +ithout imiting any other means by whi#h a .arty may be abe to pro*e that a noti#e has
been re#ei*ed by another party$ a noti#e wi be deemed to e duy re#ei*ed :
a6 +hen a re#eipt has been signed by a .arty6
b6 "f sent by fa#simie upon re#eipt by the sender of an a#0nowedgement or transmission
report generated by the ma#hine from whi#h the fa#simie was sent indi#ating that the
fa#simie was sent in its entirety to the re#ipient7s fa#simie number6
#6 (8#ept that if a noti#e is ser*ed by hand$ or is re#ei*ed by fa#simie on a day whi#h is
not a 2usiness &ay$ or after 1:00 p6m6 on any 2usiness &ay$ that noti#e wi be deemed
to be duy re#ei*ed by the re#ipient at D:00 a6m6 on the first 2usiness &ay after that
day6
;6 A noti#es and other #ommuni#ation between the parties sha be hed in the (ngsh
anguage6
Ar!/01e 18
GOVERING LAW LEGAL DOMICILE
1 (8#ept for any matter is ne#essary sub3e#t to$ and e8#usi*ey #ontroed by the Law of the
-epubi# "ndonesia6
2 For the purpose of Agreement$ the parties hereby #hoose the registar7s 'ffi#e of &istri#t
!ourt of )outh Ja0arta as their ega permanent domi#ie6
Ar!/01e 1(
MI)CELLANEOU)
16 )houd any pro*ision of this Agreement be or be#ome unenfor#eabe or in*aid$ su#h
enfor#eabiity or in*aidity sha not affe#t the *aidity and enfor#eabiity of remaining
pro*ision of this Agreement6
26 Faiure by any of the .arties$ to e8er#ise any or a it7s rights hereunder$ or any partia
e8er#ise thereof$ sha not a#t a wai*er of su#h rights grated hereunder of by genera aw
without ha*ing to wait for the o##urren#e or re<o##urren#e of a simiar or any other e*ent
gi*ing rise to su#h rights6
;6 Ipon signing of this Agreement by and between the .arties$ any e8isting written or ora
proposas$ arrangement$ or agreement made by between the .arties sha be no onger *aid
and sha be unenfor#eabe6
46 Any matters not #o*ered or inade4uatey #o*ered in this Agreement sha be #o*ered or
further e8pained by the .arties in a separate Addendum to be signed by the .arties$ whi#h
sha #onstitute an integra and inseparabe part of this Agreement6
10
16 This agreement is e8e#uted in a te8t using the (ngish anguage whi#h sha be the
go*erning anguage despite transation into any other anguage6
%ow$ therefore in #onsideration of the mutua #o*enants #ontained herein and the agreement
referred to herein$ the .arties hereto #ause this Joint 'peration Agreement to br e8e#uted in
Ja0arta on the date first herein abo*e written in two origina #opies$ ea#h ha*ing e4ua ega
*aidity and enfor#eabiity6
FIR)T PART% )ECOND PART%
BRANC# OFFICE INDONE)IA F8r 3= 8 Ae4319 89
DIRECTOR GOMMAFLEX CORP$
#$ MU#IDIN %UD#A JUMAT FRANCOI) FORTIN* CEO
+itness of F"-)T .A-T/
,(A& 'FF"!( ,'%9K'%9
Init 1010$ 10F Jiramar Tower$ 1;2 %athan road
Tsim )ha Tsui$ Kowon$ ,ong0ong
Tep (B12)B102 21D2 5 Fa8 (B12)B102 21D;
!'J"))"'%(-
#ALIM D#ARMA BU)UMA
11