SALES CONTRACT

Contract No.: 003/VLK/2018

This contract, made out in English, is made effective as of 10 November 2018 by and between PT. VALKYRIE
INDONESIA and ISETAN (SINGAPORE) Ltd. The seller, PT. VALKYRIE INDONESIA, agrees to sell the under
mentioned goods subject to terms and conditions set forth hereinafter to the buyer, ISETAN (SINGAPORE) Ltd.

SELLER DETAILS

PT. Smart Electronic Nusantara

SCBD marthadinata street no 3K

SCBD, Jakarta utara 11830

Telp: (62) 0216754503

Email: Smartelectro@nusantara.com

FOR ACCOUNT & RISK OF MESSERS:

Son Jon Wik

Yongsan Electronic Market

125, Cheongpa-ro, Yongsan-gu,, South Korea Lion Towers #04-01

Seoul 04370

BUYER DETAILS

Yongsan Electronik Market

593 Havelock Road

#03-02 Yem Office Building

SEOUL 04370

Telp: (23) 67374589

SECTION 1

I. Name of Commodity and Specifications: Smart Television

 Product Series detail
Color Qty (pcs) Price/pcs (₩) Total (₩)
Description product

Polytronic
Smart Television Black 200 1000.000 200.000.000
YK-230

GRAND TOTAL ($) 200 200.000.000

The details of the products are as follows:

 The Product is 100% original.

 The order is in one (1) color only as mentioned above.

II. Country of Origin & Manufacturer : Indonesia

III. Export Country : Seoul
IV. Total Quantity : 200 pcs
V. Total Value : ₩200.000.000
VI. Packing : Cargo Shipment
VII. Estimated Time of Delivery (ETD) : 23 January 2019
VIII. Estimated Time of Arrival (ETA) : 30 January 2019
IX. Shipment Mode : By Sea
X. Shipping Line : Mediterranean Shipping Company (MSC)

PT. Perusahaan Pelayaran Nusantara

Bima Sakti
Menara Bidakara, 3rd Floor
Jl.orthidinata Subroto Kav. 71 - 79
SENAYAN JAKARTA 12870

INDONESIA

Phone +62 21 8370 0830

Fax +62 21 8370 0831/32

Email info@mscid.com

XI. Port of Loading : Tanjung Priok port of Indonesia

XII. Port of Destination : Port of Busan jeong yu
XIII. The shipping mark should mention the following details:
a) Name of product
b) Details series of Product
c) Quantity
d) Color
e) Port of Destination
f) Store Location
 XIV. Terms of Payment

Two (2) weeks prior to the time of shipment the Buyer shall open with the Bank of
Citibank Sudirman Jakarta an irrevocable Letter of Credit in favor of the Seller payable at
the issuing bank against presentation of documents to the bank, the Terms of Delivery of
this Contract after departure of the carrying vessel. The expiry date of the said Letter of
Credit will be on the 15th day from the delivery date. All prices mentioned in this
Contract are on FOB basis. In addition to any other right or remedy provided by law, if
the Buyer fails to pay for the goods when due, the Seller has the option to treat such
failure to pay as a material breach of this agreement, and may cancel and/or seek legal
remedies.

XV. Terms of Delivery

The goods shall be shipped by sea through Mediterranean Shipping Company

(MSC). Delivery shall be completed by 30 January 2019.

XVI. Claim Regulation

For delays in delivery, seller is obliged to pay a fine/ cut down on fees by:

- 15% from the total amount for delays between 1 to 10 days.

- 20% from the total amount for delays of more than 10 days.
- Orders shall be cancelled for delay of a 3 weeks

XVII. Default

The occurrence of any of the following shall constitute a material default under this
agreement:

a) Failure to make a required payment when due.

b) The insolvency or bankruptcy of either party.
c) The subjection of any of either party’s property to any levy, seizure, general
assignment for the benefit of creditors, application or sale for or by any creditor
or government agency.
d) The failure to make available or delivery the goods in the time and manner
provided for in this agreement.

XVIII. Remedies on Default

In addition to any and all other rights, a party may have available according to law, if a
party defaults by failing to substantially perform any provision, term or condition of this
agreement (including without limitations the failure to make a monetary payment when
due), the other party may terminate the agreement by providing written notice to the
defaulting party. This notice shall describe with sufficient detail the nature of the default.
 The party receiving such notice shall have fourteen (14) days from the effective date of
such notice to cure the default(s). Unless waived by a party providing notice, the failure
to cure the default(s) within such time period shall result in the automatic termination of
this contract.

XIX. Choice of Law

In the event where a legal action is to be taken, the parties involved have agreed to
comply with the civil laws of Indonesia. The case shall be referred to the district court of
South Jakarta.

XX. Other Terms

Unless otherwise agreed and accepted by the Buyer, all other matter related to this
Contract shall be governed by Section 2, the Terms and Delivery which shall form an
integral part of this Contract. Any supplementary terms and conditions that may be
attached to this Contract shall automatically prevail over the terms and conditions of this
Contract if such supplementary terms and conditions come in conflict with terms and
conditions herein and shall be binding upon both parties.

This Contract shall be signed on behalf of Yongsan electronicS (SEOUL) By Son Jon Wik, and on
behalf of PT. Smart Electronic Nusantara by Joni Suhardi and effective as of the date first above
written.

Buyer Signature: Seller Signature: