PT KUBAR RESOURCES World Trade Center 14th Floor Jl. Jenderal Sudirman Kav. 29-31 Jakarta 12920, Indonesia KAL ENERGY, INC. World Trade Center 14th Floor Jl. Jenderal Sudirman Kav. 29-31 Jakarta 12920, Indonesia Dear Sirs, US$400,000 TERM LOAN FACILITYKubar Resources • April 20th, 2009 • Kal Energy Inc • Metal mining • England
This letter ("Agreement") sets out the terms upon which HADIPUTRANTO, HADINOTO & PARTNERS, an Indonesian partnership established under the laws of the Republic of Indonesia, and having its principal place of business at 21st Floor, Tower 2, Indonesia Stock Exchange Building, Jl Jend. Sudirman Kav 52-53, Jakarta 12190 Indonesia (the "Lender") is willing to make available to PT Kubar Resources, a company established under the laws of the Republic of Indonesia and having its domicile at World Trade Center 14th Floor, Jl. Jenderal Sudirman Kav. 29-31, Jakarta 12920, Indonesia (the "Borrower") a loan (the "Loan") in the principal amount equal to the sum of:
