May 29, 2018 Attention:

Letter of Engagement
We prepared this Letter of Engagement to (the Company) following our discussions on the
request toprovide status report on the legal, technical, safety, Environment and operational
functionality of theCompany for the purpose of seeking investment from prospective investors.If
you accept this offer, then the laws of Singapore will apply to the terms of our engagement. You
canaccept this offer in writing by signing and returning to us the enclosed copy of this Letter of
Engagement, orby continuing to instruct us (in writing or orally) to perform the work specified in
paragraph 1.1.

1 Scope of work and relationship

1.1 On the basis of our email exchange, we confirm that we will provide following services:
1.1.1. Limited Due Diligence

:a.Corporate Due Diligence

 into the Company, confirming key matters such as dueincorporation, share ownership and current members of
management. We will also
review any past investment agreements, shareholder’s agreement, founders’ agreement
or similar type of agreement in the Company;
 
b.Licensing and Compliance due diligence
 into the Company, to check the licensesand permits currently held in relation to their day to day operations. This
includes ourreview of their investment permits from BKPM and other business permit and itscompliance to the
requirements for the maintenance of such permit.
 
c.Material contracts due diligence
to identify and review key and material contractsentered into by the Company, such as coal supply contracts,
services and maintenancecontracts, operational and management contracts, contracts of insurance and
theinsurance policies. We will also review any onerous provisions contained in the materialcontracts any
contractual relationships which may be undocumented. For the purpose ofthis exercise, we will limit our review to
contracts having significant impact to the projectviability, or contracts with value exceeding USD 50,000 in
aggregate and contractsexecuted in the past 3 years only.
 
d.Employment,
where applicable, and particularly in the case of direct equity investment,to identify and review, among other
things the number of employees of the Company,their status as permanent or contract employees, and
compliance by the Company withregards to the Indonesia’s manpower law and regulations.
 
e.Loans and Securities
where applicable, to identify and review all third party loans andto identify, from documents provided to us,
whether any assets or shares of theCompany are secured as collateral for such loans

.f.Assets
 to review major assets documents.
1.1.2. Acquisition Approval
. Our firm will prepare or assist Company in preparing all thenecessary documents for the investment purposes
(the Government Official).

1.1.3. Transaction Documents
. Our firm will prepare or assist in the review of the followingdocuments that will and may be required for the
investment:

 
(i) Share and Purchase Agreement for the shares;(ii) Escrow Agreement;(iii) Unanimous Shareholders 
Resolutions;(iv) Newspaper Announcement (if any);(v) Joint venture agreement (if any);(vi) Draft 
amended articles of associations;(vii) Notification to employee; and(viii) Other documents required
for the completion of the transaction process as theparties may require.

1.1.4. Closing

: our firm will assist in the process of closing of the transactions, including but notlimited to: (i) coordination with the
Notary for all the changes of the corporate documentationto reflect the investment; (ii) prepare share certificate;
(iii) prepare shareholders registerbooks; and (iv) any other action required for a successful closing process.Please
kindly note that we will not advise or act for you in relation to matters beyond the stated scopeof work. We will
confirm in writing our acceptance of any additional instructions, including anyassumptions on which the amended

scope is based and consequences for the fees, service chargesand disbursements for this matter1.2 We
confirm that we will not advise or act for you in relation to matters
beyond the stated scope ofwork. We will confirm in writing our acceptance of any additional
instructions, including anyassumptions on which the amended scope is based and
consequences for the fees, service chargesand disbursements for this matter

.2.Fee Arrangement
2.1. Our fees for the scope of work set out in paragraph(s) 1.1 above will be calculated
on a combinationof fixed fee basis and hourly rates with the breakdown provided in Appendix 1
of this EngagementLetter. Please kindly note that the fixed fee above is exclusive of VAT. The
fixed fee is based on theassumptions set out in paragraph 2.4 and 4 and if the scope of work or
those assumptions has orhave to be revised, we will write to let you know the impact of these
revisions on our fixed fee andagree with you any changes to it.2.2. Should our hourly rates
apply to our work in the Transactions, we are happy to apply a 25% discountoff from our
headline rates applicable until the closing of the Transactions.2.3. Should the Transaction
be cancelled by the Company prior to its completion, we are happy to extenta 50% cancelation
discount from the total fee incurred for the project.2.4. Please note that the fee arrangement
above is provided with the following conditions andassumptions:

a. We will not be involved in any creditors consents solicitation for the transaction
  b. We will not be involved in any negotiation of the agreements and meetingsc. The
fee arrangement above does not include the fee required for any translations works;d. The
fee arrangement above does not include work conducting court searches; ande. The
Transactions will be completed within 6 (six) month from the date of this proposal.
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 3.
Disbursements and service charges
3.1 In addition to fees there will be a requirement to pay or to reimburse
to us disbursements and servicecharges incurred or payable in the course of the provision of
the lega services. Thesedisbursements are made up from photocopying and document
production charges, couriers, longdistance and mobile phone calls, faxing fees and
transportation and accommodation (as required bythe Client).
 
3.2 Our estimate of disbursements and service charges may also be affected by any
variables orchanges to the assumptions.
 
3.3 If we change the way we calculate disbursements and service charges during the course of t
hismatter we will notify you of the change and this Letter of Engagement will be taken to have
beenamended accordingly if you continue to instruct us in this matter.
 
3.4 VAT will apply to most disbursements and service. However, VAT
will not be passed on to you inrespect of VAT-exempt government fees, taxes and charges for
which you are liable, such as stampduty and registration fees, provided those fees, taxes or
charges are paid by separate cheque drawnby you in favour of the proper payee.
 
4.Assumptions

In setting out the scope of work and the costs structure outlined above, we have assumed
that:4.1.1. we will receive clear and timely instructions from you;4.1.2. there will be
no material change to the scope of work;4.1.3. Communication/advice via email and telephone
may be accepted by both the parties and beincluded accordingly; and4.1.4. We will require a
deposit of USD 25,000 which will be deducted from the total legal feeincurred in the project

.5.Billing and reporting

51 Wewill bill the Client for our services and reimbursable expenses on a monthly basis, and our 
billsare payable when rendered.

5.2 Our invoice will contain the detail of hour spent per month for the Client.

6.Limitation of liability
Except to the extent that any relevant law prohibits the limitation of our liability:6.1.1. our
aggregate liability to you, including liability for legal and other fees, service
charges anddisbursements, in respect of all claims relating to this matter is limited to the total of
ourprofessional fees paid by you under this Letter of Engagement (exclusive of VAT);
and6.1.2. there shall be no liability in respect of any such claim unless you give us written notice
of theclaim, stating in reasonable detail the nature of the claim and your best estimate of
theamount claimed by you within
3
 months after the date of completion of the matter.7.

7Confidentiality and Non-Disclosure

7.1We
 acknowledges that any data, reports, records, correspondence, notes, compilations, studiesand
other information disclosed to us or its representatives, relating to, or connected with the
Matterset-out in this engagement letter, in whatever form, regardless of whether such
information is

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