UNDERWRITING AGREEMENTUnderwriting Agreement • November 29th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • New York
The undersigned, Indonesia Energy Corporation Limited, a Cayman Islands exempted company with limited liability (collectively, with its Subsidiaries, the “Company”), hereby confirms its agreement (this “Agreement”) with the several underwriters (such underwriters, including the Representative (as defined below), the “Underwriters” and each an “Underwriter”) named on Schedule A hereto for which Aegis Capital Corp. is acting as representative to the several Underwriters (the “Representative” and if there are no Underwriters other than the Representative, references to multiple Underwriters shall be disregarded and the term Representative as used herein shall have the same meaning as Underwriter) on the terms and conditions set forth herein. The offering and sale of the Securities contemplated by this Agreement is referred to herein as (the “Offering”).
INDONESIA ENERGY CORPORATION LIMITED and , as Trustee FORM OF INDENTURE Dated as of ,Indenture • January 28th, 2021 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • New York
Indonesia Energy Corporation Limited Second Amended and Restated Senior Convertible Promissory NoteNote Agreement • May 16th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • New York
This Note amends, restates and replaces in its entirety that certain Senior Convertible Promissory Note, dated as of January 21, 2022, as amended and restated on March 4, 2022, issued by the Maker to the Holder (the “Amended Original Note”).
ContractWarrant Agreement • November 12th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED, OR BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF SUCH SECURITIES BY ANY PERSON FOR A PERIOD OF ONE HUNDRED AND EIGHTY (180) DAYS IMMEDIATELY FOLLOWING THE DATE OF EFFECTIVENESS OF THE PUBLIC OFFERING OF THE COMPANY’S SECURITIES PURSUANT TO REGISTRATION STATEMENT NO. 333- 232894 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, EXCEPT IN ACCORDANCE WITH FINRA RULE 5110(G)(2).
EMPLOYMENT AGREEMENTEmployment Agreement • July 30th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This EMPLOYMENT AGREEMENT (the “Agreement”), is entered into as of February 1, 2019 (the “Effective Date”), by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Gregory Overholtzer, an individual (the “Executive”). Except with respect to the direct employment of the Executive by the Company, the term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company and all of its subsidiary and variable interest entity (collectively, the “Group”).
SHARE OPTION AGREEMENTShare Option Agreement • July 30th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This Share Option Agreement (this “Option Agreement”), effective as of February 1, 2019 (the “Date of Grant”), is entered into by and between Indonesia Energy Corporation Limited, an exempted company limited by shares incorporated in the Cayman Islands (the “Company”), and Mirza F. Said (the “Optionee”). Capitalized terms used but not defined herein that are defined in the Indonesia Energy Corporation Limited 2018 Omnibus Equity Incentive Plan (as the same may be amended from time to time, the “Plan”), shall have the meanings attributed thereto in the Plan.
PRODUCTION SHARING CONTRACT BETWEEN SATUAN KERJA KHUSUS PELAKSANA KEGIATAN USAHA HULU MINYAK DAN GAS BUMI (SKK MIGAS) AND PT COGEN NUSANTARA ENERGI AND PT HUTAMA WIRANUSA ENERGI CONTRACT AREA: CITARUMProduction Sharing Contract • November 12th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This Production Sharing Contract (“CONTRACT”), is made and entered into on this 7th day of June 2018 by and between SATUAN KERJA KHUSUS PELAKSANA KEGIATAN USAHA HULU MINYAK DAN GAS BUMI (hereinafter called “SKK MIGAS”), a task force given the task by the Government of the Republic of Indonesia c.q. the Minister of Energy and Mineral Resources (“MEMR”) to conduct the management of the upstream oil and gas business activities pursuant to the Presidential Regulation No. 95/2012 in conjunction with the Presidential Regulation No. 9/2013 as amended by Presidential Regulation No. 36/2018 in conjunction with the MEMR Regulation No. 9/2013 as amended by MEMR Regulation No. 17/2017 in conjuction with MEMR Regulation No. 53/2017, party of the first part, and PT COGEN NUSANTARA ENERGI and PT HUTAMA WIRANUSA ENERGI, a corporation organized and existing under the laws of Indonesia, (hereinafter called “CONTRACTOR”) party of the second part.
INDONESIA ENERGY CORPORATION LIMITED2018 Omnibus Equity Incentive Plan • July 30th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
OPERATIONS COOPERATION AGREEMENT BETWEEN PT PERTAMINA EP AND PT GREEN WORLD NUSANTARA FOR PRODUCTION ON KRUH OPERATING AREAOperations Cooperation Agreement • August 21st, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This Agreement (hereinafter referred to as “Agreement”) is made and entered into on July 26, 2019 (“Signing Date”), by and between PT PERTAMINA EP, a company organized and existing under the laws of Republic of Indonesia hereinafter in this Agreement called “PERTAMINA EP” and “NUSANTARA” company organized and existing under the laws of Republic of Indonesia hereinafter in this Agreement called “PARTNER”, both PERTAMINA EP and PARTNER hereinafter sometimes referred to either individually as the “Party” or collectively as the “Parties”.
SECOND AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 25th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into effective as of January 1, 2022 (the “Effective Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Gregory Overholtzer, an individual (the “Executive”).
GUARANTEEGuarantee • January 25th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This GUARANTEE (this “Guarantee”) dated as of January 21, 2022, by WJ Energy Group Limited (“Guarantor”), in favor of the investors signatory to the Purchase Agreement (as defined below).
PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA (PERTAMINA) AND PT. BINATEK REKA KRUH CONTRACT AREA : KRUHTechnical Assistance Contract • July 30th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS CONTRACT, made and entered into on this 22nd Day of May 2000 by and between PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA, a State Enterprise, established on the basis of law No. 8/1971, hereinafter called PERTAMINA party of the first part, and PT. BINATEK REKA KRUH a corporation organized and existing under the laws of Indonesia, hereinafter called “CONTRACTOR”, party of the second part, both hereinafter sometimes referred to either individually as the “Party” or collectively as the “Parties”.
Dated 30th day of June, 2018 Debt Conversion AgreementDebt Conversion Agreement • July 30th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • Hong Kong
The First Shareholder and Second Shareholder are collectively referred to as the “Shareholders” and each of them as a “Shareholder”; The Shareholders and the Company are collectively referred to as the “Parties” and each one of them as a “Party”.
FORM OF ORDINARY SHARE PURCHASE WARRANT INDONESIA ENERGY CORPORATION LIMITEDWarrant Agreement • January 25th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, L1 Capital Global Opportunities Master Fund, Ltd., a Cayman Islands limited company, or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after [ , 2022 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on [ , 2027 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Indonesia Energy Corporation Limited, a Cayman Islands exempted company with limited liability (the “Company”), up to [ ] ([ ) Ordinary Shares (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Ordinary Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
THIRD AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 3rd, 2024 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into effective as of January 1, 2024 (the “Effective Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Gregory Overholtzer, an individual (the “Executive”).
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 18th, 2024 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of January 16, 2024 (the “Execution Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Mirza F. Said, an individual (the “Executive”).
Confidential Treatment Requested by Indonesia Energy Corporation Limited. Confidential treatment requested with respect to certain portions of this amendment denoted withOperations Cooperation Agreement • September 28th, 2023 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This Amendment to the Operations Cooperation Agreement for Production on KRUH Operating Area is made and entered into on August 9, 2023 (hereinafter referred to as the “Amendment”) by and between:
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 25th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • New York
This Securities Purchase Agreement (as amended, supplemented, restated and/or modified from time to time, this “Agreement”) is entered into as of January 21, 2022, by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”), and each investor identified on the signature pages hereto (each, including its successors and assigns, an “Investor” and collectively, the “Investors”).
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 29th, 2020 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of January 29, 2020 (the “Execution Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Gregory Overholtzer, an individual (the “Executive”).
FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 9th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This FIRST AMENDMENT TO SECURITIES PURCHASE AGREEMENT (the “Amendment”) is dated and effective as of the March 4, 2022 (the “Amendment Effective Date”), by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and L1 Capital Global Opportunities Master Fund, Ltd., a Cayman Islands limited company, or registered assigns (the “Holder”).
Dated 30th day of June, 2018 Sale and Purchase of Shares and Receivables AgreementSale and Purchase of Shares and Receivables Agreement • July 30th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • Hong Kong
The First Seller, Second Seller and Third Seller are collectively referred to as the “Sellers” and each of them as a “Seller”; The Sellers, the Purchaser and the Company are collectively referred to as the “Parties” and each one of them as a “Party”.
First Amendment to At The Market Offering AgreementAt the Market Offering Agreement • March 22nd, 2024 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
Reference is made to the At The Market Offering Agreement, dated as of July 22, 2022 (the “ATM Agreement”), between Indonesia Energy Corporation Limited (the “Company”) and H.C. Wainwright & Co., LLC (“Wainwright”). This letter (this “Amendment”) constitutes an agreement between the Company and Wainwright to amend the ATM Agreement as set forth herein from and after the date first written above. Defined terms that are used but not defined herein shall have the meanings ascribed to such terms in the ATM Agreement.
Shareholder Loan AgreementShareholder Loan Agreement • November 12th, 2019 • Indonesia Energy Corp LTD • Crude petroleum & natural gas • Hong Kong
This LOAN AGREEMENT with reference number WJE/2019/01/KRUH (hereinafter referred to as the “Agreement”) is made and entered into on 30 January 2019 by and between:
THIRD AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 3rd, 2024 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of December 28, 2023 (the “Execution Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Frank Ingriselli, an individual (the “Executive”).
INDONESIA ENERGY CORPORATION LIMITED SHARE OPTION AGREEMENTShare Option Agreement • December 20th, 2024 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
This Share Option Agreement (this “Option Agreement”), effective as of December 16, 2024 (the “Date of Grant”), is entered into by and between Indonesia Energy Corporation Limited, an exempted company with limited liability incorporated in the Cayman Islands (the “Company”), and __________ (the “Optionee”). Capitalized terms used but not defined herein that are defined in the Indonesia Energy Corporation Limited 2018 Omnibus Equity Incentive Plan (as the same may be amended from time to time, the “Plan”), shall have the meanings attributed thereto in the Plan.
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 29th, 2020 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of January 23, 2020 (the “Execution Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Frank Ingriselli, an individual (the “Executive”).
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 18th, 2024 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into as of January 16, 2024 (the “Execution Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Chia Hsin “Charlie” Wu, an individual (the “Executive”).
SECOND AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • January 25th, 2022 • Indonesia Energy Corp LTD • Crude petroleum & natural gas
THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into effective as of January 1, 2022 (the “Effective Date”) by and between Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”) and Frank Ingriselli, an individual (the “Executive”).
