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 • July 30th, 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 • July 30th, 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”.
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”.
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”.
