PT. NISSAN MOTOR INDONESIA PT.

NISSAN MOTOR DISTRIBUTOR INDONESIA

LETTER OF APPROVAL OF MANAGEMENT

Proposed by Dept. Re : : : Iwan Kresna S. HRD-GA Dept. COP Ref. No.: Date.: 001/LAM/HRD-GA/II/03 February 17, 2003

(Car Ownership Program) for 'MGR up' of NMI-NMDI.

We would like to request Management Approval for the COP (Car Ownership Program) for MGR up of NMI-NMDI as follows; OBJECTIVE: 1. To provide support to employees to purchase car for commuting from home to office. 2. To support employees for their operations to perform their official duties. 3. To enrich employee's quality of life by providing Car Ownership Program (COP). 4. To increase employees work spirit and for them to be proud as member of NISSAN business. 5. To maintain and improve employee's dedication as member of management team of Nissan. CRITERIA: NMI-NMDI Employee of Head Office and Plant : Manager, Senior Manager, General Manager and Deputy Director. PROPOSE: Car Ownership Program (COP) is the vehicle facility program provided by Company for employees who are of the rank of Manager, Senior Manager, General Manager and Deputy Director with the scheme: 50% cost subsidized by Company and 50% cost borne by employee paid in installments to the Company. COP will be arranged based on Board of Directors Decision Letter No. 001/SK-BOD/NMI-NMDI/I/2003.

ATTACHMENT: 1. 2. 3. 4. 5. 6. 7. 8. BOD Decision Letter No. 001/SK-BOD/NMI-NMDI/I/2003 re COP COP Agreement between Company and Employee. Authorization Letter for Salary Deduction. COP Price COP Illustration Installment of General Manager & Deputy Director. COP Illustration Installment of Senior Manager COP Illustration Installment of Manager Name List of Manager-up.

Thank you for your kind attention and approval.

Proposed by:

Acknowledged by:

Approved by:

IKS

CGI

TIN

JR

MK

TH

Date:

Date:

Date:

Date:

Date:

Date:

Program (COP).

Surat Keputusan Direksi No. 001/SK-BOD/NMI-NMDI/II/2003 Mengenai: Program Kepemilikan Kendaraan

Board of Directors Decision Letter No. 001/SK-BOD/NMI-NMDI/II/2003 Re: Car Ownership Program

I. LATAR BELAKANG & TUJUAN

I. BACKGROUND & PURPOSE

1. Menyediakan sarana bagi karyawan untuk 1. To provide support to employees to purchase car membeli kendaraan guna transportasi pulang for commuting from home to office. pergi dari rumah ke kantor. 2. Menunjang kelancaran operasional karyawan 2. To support employees for their operations to dalam menjalankan tugas-tugas kantor. perform their official duties. 3. Meningkatkan kualitas hidup karyawan dengan 3. To enrich employee's quality of life by providing menyediakan Program Kepemilikan Car Ownership Program (COP). Kendaraan/ Car Ownership Program (COP). 4. Meningkatkan semangat kerja dan kebanggaan 4. To increase employees work spirit and for them karyawan menjadi anggota dari bisnis NISSAN. to be proud as member of NISSAN business. 5. Mempertahankan dan meningkatkan dedikasi5. To maintain and improve employee's dedication karyawan sebagai anggota tim manajemen Nissan. as member of management team of Nissan.

II. KEBIJAKAN UMUM

II. GENERAL POLICY

Perusahaan akan menyediakan fasilitas kepemilikan Company shall provide NEW car ownership facility kendaraan baru guna menunjang aktifitas operasional to support activities of employees and the arrangement kerja karyawan yang diatur sebagai berikut: will be as follows: 1. Persyaratan dan istilah: 1. Eligibility and terminology:

1.1. Program Kepemilikan Kendaraan/ Car 1.1. Car Ownership Program (COP) is the vehicle Ownership Program (COP) adalah facility program provided by the Company for program penyediaan fasilitas kendaraan employees who are of the rank of Manager, yang disediakan perusahaan untuk Senior Manager, General Manager and Deputy Director with the scheme: 50% COP karyawan yang mempunyai rank price cost subsidized by the Company and Manager, Senior Manager, General 50% COP price cost borne by Employee paid Manager dan Deputy Director melalui skema: 50% biaya disubsidi perusahaan in installments to the Company. dan 50% biaya dibayar oleh karyawan [ Total installment (including insurance) melalui angsuran kepada perusahaan. amount shall NOT exceed 30% of basic salary [ Jumlah angsuran (termasuk asuransi) of the Employee ] tidak melebihi 30% dari gaji pokok Karyawan setiap bulan ] 1.2. Harga COP adalah harga untuk 1.2. COP price is price for Vehicle with standard Kendaraan standard, termasuk BBN dan specification , including BBN and STNK of first STNK tahun pertama yang ditetapkan year which is decided by BOD. secara khusus oleh BOD. 1.3. Semua karyawan tetap dari Perusahaan 1.3. All permanent employees of the Company yang mempunyai posisi dari rank Manager who have the rank of Manager upto Deputy sampai dengan rank Deputy Director Director are qualified for this program. memenuhi syarat untuk mengikuti program ini. 1.4. Periode COP adalah selama 4 (empat) 1.4. COP period shall be for 4 (four) years from tahun sejak kendaraan diterima Karyawan the time Employee receive the car physically. secara fisik. 1.

1.5. Jenis kendaraan diberikan sesuai dengan1.5. Type of vehicle will be decided based on rank Karyawan. rank of Employee. 1.6. Tunjangan transport adalah tunjangan 1.6. Transportation allowance is allowance yang diberikan perusahaan kepada provided by Company for Employee Karyawan setiap bulan untuk pembelian every month for purchase of gasoline and bahan bakar dan guna menunjang to support vehicle operation to enable penggunaan kendaraan bagi karyawan employee to commute to the company. untuk pulang pergi ke kantor. In case employee do not utilize COP then Dalam hal karyawan tidak menggunakan such employee would continue to get transport COP maka karyawan tetap memperoleh allowance as per company regulation. tunjangan transport sesuai dengan ketentuan yang berlaku. 1.7. Kendaraan adalah kendaraan beroda empat1.7. Vehicle is 4-wheels NISSAN car assembled/ yang dirakit/ dipasarkan oleh Perusahaan distributed by the Company under PT. Nissan dibawah naungan PT. Nissan Motor Motor Indonesia (inclusive of AC and Radio Indonesia (termasuk AC dan Radio Tape Tape, if fixed as OEM) and excluding optional sesuai dengan spesifikasi yang ditetapkan accessories. sebagai OEM) dan tidak termasuk perlengkapan tambahan. 2. Hak Perusahaan: 2. Company's right:

2.1. Perusahaan berhak untuk membuat 2.1. Company has the right to make exception pengecualian dalam memberlakukan/ in implementation of COP and change any menerapkan COP dan mengubah article in this regulation vide Board of ketentuan-ketentuan yang tercantum Directors (BOD) Decision Letter, including dalam Surat Keputusan ini, termasuk untuk suitability of employee to qualify for this karyawan tertentu yang memenuhi syarat program based on employee's duty. untuk mengikuti program ini berdasarkan sifat tugasnya. 2.2. Perusahaan berhak melakukan 2.2. Company has the right to do inspection pemeriksaan dan memonitor penggunaan and to monitor usage of COP vehicle. Kendaraan COP. 2.3. Perusahaan berhak mengubah standar 2.3. Company has the right to change standard Kendaraan dan akan diputuskan sesuai of vehicle and shall to be decided by BOD dengan kebijaksanaan BOD dari waktu from time to time. ke waktu.

III.TATA CARA PELAKSANAAN 1. Jenis Kendaraan:

III.PROCEDURE 1. Type of Vehicle: Type of No. Rank Vehicle 1 DD Sentra or (Deputy Director) Terrano and Kingsroad or GM X-Trail (General Manager) (CKD Local Assy) 2 SM Terrano (Senior Manager) XTR 3 MGR (Manager) Terrano Spirit 1.1. Employee can choose type of vehicle based on employee's rank or choose below or above employee's rank. 2.

Jenis No. Rank Kendaraan 1 DD Sentra atau (Deputy Director) Terrano dan Kingsroad GM atau X-Trail (General Manager) (CKD Assy lokal) 2 SM Terrano (Senior Manager) XTR 3 MGR (Manager) Terrano Spirit 1.1. Karyawan mempunyai kesempatan untuk memilih jenis Kendaraan sesuai dengan rank atau jenis kendaraan diatas atau dibawah rank-nya.

1.2. Bilamana Karyawan memilih kendaraan 1.2. If Employee choose car of higher rank/price merk Nissan yang harganya lebih tinggi than Employee's right then the difference dari harga Kendaraan yang telah ditetapkan of amount should be paid in cash when sesuai rank-nya, maka selisih harga Employee order the Vehicle. Kendaraan tersebut harus dibayar tunai pada saat pemesanan oleh Karyawan yang bersangkutan. 1.3. Bilamana Karyawan memilih kendaraan 1.3. If Employee choose car with lower merk Nissan yang harganya lebih rendah price than the Employee's right then the dari harga Kendaraan yang telah ditetapkan difference amount will not be Employee's sesuai rank-nya, maka Karyawan tidak right and all other allowance will be given berhak atas selisih harga Kendaraan based on Employee's rank. tersebut dan tunjangan tetap diberikan sesuai dengan rank-nya. 2. Cara Pembayaran: 2. Payment method:

2.1. 50% dari harga mobil diangsur oleh 2.1. 50% of Vehicle's COP price will be paid by Karyawan sebanyak 54x angsuran dalam by Employee in 54 installments within waktu 48 bulan (4 tahun) yang diambil dari 48 months (4 years) which is taken from potongan melalui gaji setiap bulan, THR source of salary of each month, THR and dan bonus. bonus. 2.2. Dalam hal Perusahaan, karena sesuatu 2.2. In case Company could not give bonus to dan lain hal, tidak bisa memberikan bonus Employee then the installment to be cut from kepada Karyawan, maka potongan bonus will be substituted by salary. angsuran melalui bonus digantikan melalui potongan gaji. 2.3. 50% dari harga Kendaraan disubsidi oleh2.3. 50% of Vehicle's COP price will be subsidized Perusahaan melalui subsidi rutin dibukukan by the Company vide 40 installments booked sebanyak 40x didalam waktu 48 bulan over 48 months (4 years). (4 tahun). 3. Promosi: 3. Promotion:

Apabila Karyawan mendapat promosi/ kenaikan If Employee gets promoted before COP period rank sebelum masa COP berakhir dan berhak finish and the Employee has the right to get higher memperoleh COP dengan jenis Kendaraan yang standard Vehicle then the Company will give lebih tinggi, maka Perusahaan akan memberikan following alternatives: alternatif sebagai berikut: 3.1. Karyawan dapat melanjutkan COP yang 3.1. Employee can continue to use the running sedang berlangsung hingga masa COP COP until COP period finish and after that berakhir dan setelah itu Karyawan dapat Employee can get new Vehicle through mengambil Kendaraan baru melalui fasilitas new COP; COP; or atau 3.2. Karyawan dapat memperoleh Kendaraan 3.2. Employee can get new Vehicle through baru melalui fasilitas COP setelah COP after fully paying all the obligation melunasi sisa kewajiban yang harus dibayar towards running COP. dari fasilitas COP yang sedang berlangsung. 3.3. Tunjangan transport akan diberikan sesuai 3.3. Transport allowance will be given based dengan rank Karyawan yang baru. on Employee's new rank. 4. Apabila Karyawan tidak bekerja lagi di Perusahaan karena: 4. If Employee discontinue to because of: work in the Company

4.1. Pemutusan Hubungan Kerja (PHK), Pengunduran diri atau Pensiun sebelum

4.1. Termination of employment (PHK ), Resignation or Pension before COP period 3.

periode COP berakhir, maka Karyawan finishes, then Employee should pay all the wajib untuk melunasi sisa kewajiban balance obligation with in 2 (two) weeks hutangnya selambat-lambatnya 2 (dua) before last working day. minggu sebelum masa kerja berakhir. Company subsidy should be paid by Employee Subsidi Perusahaan (50%) harus proportionally. dikembalikan secara proporsional. 4.2. Bila Karyawan meninggal sebelum periode4.2. If Employee dies before COP period finishes COP berakhir, maka ahli waris Karyawan then Employee's heirs should pay all the wajib untuk melunasi sisa kewajiban balance of Employee's obligation with in hutangnya untuk selambat-lambatnya 2 (two) months after Employee dies. 2 (dua) bulan setelah Karyawan meninggal. 4.3. Dalam hal Karyawan atau ahli waris 4.3. In case Employee or Employee's heirs Karyawan tidak dapat melunasi sisa could not pay in full all balance of Employee's kewajiban hutangnya pada waktu yang obligation on time then the COP Vehicle telah ditetapkan, maka Kendaraan COP should be returned to Company with in the wajib dikembalikan kepada Perusahaan time limit specified in clause 4.1. and 4.2. dalam waktu yang ditetapkan pada pasal 4.1. dan 4.2. Perusahaan akan menjual Kendaraan COP Company will sell the COP Vehicle and tersebut dan memperhitungkan kelebihan calculate settlement of residual value of dan kekurangan hasil penjualan sebagai the car as follows: berikut: a. Dalam hal nilai jual lebih tinggi dari sisa a. If it is higher than Employee's balance kewajiban Karyawan maka sisa hasil obligation then the difference will be penjualan akan dibayarkan sebagai hak paid to as it is Employee or Employee's Karyawan atau ahli waris Karyawan. heirs as it is their right. b. Bila hasil penjualan kurang daripada b. If it is lower than Employee's balance harga Kendaraan COP, maka obligation then the difference will be kekurangannya menjadi kewajiban Employee's or Employee heirs' obligation Karyawan atau ahli waris Karyawan towards the Company and must be settled terhadap Perusahaan dan harus dibayar with in one month after sale of the Vehicle. selambat-lambatnya 1 (satu) bulan sesudah penjulan Kendaraan. 4.4. Semua hutang piutang Karyawan terhadap 4.4. All the Employee's obligation to Company Perusahaan harus diselesaikan sebelum should be settled before the last working day hari terakhir bekerja kecuali untuk ahli of Employee except in case of employee's waris Karyawan yang meninggal. death by Employee's heirs. 5. Tunjangan Transport dan penggantian Biaya 5. Transportation allowance and Dinas Luar: Business Operation Cost allowance (BDL): 5.1. Perusahaan akan memberikan Tunjangan 5.1. Transport sesuai dengan rank-nya. 5.2. Dalam hal Karyawan menggunakan 5.2. Kendaraan untuk keperluan dinas diluar keperluan rutin (pulang pergi dari rumah ke lokasi kantor), Perusahaan akan memberikan penggantian Biaya Dinas Luar (BDL) sebesar Rp 380,-/ km atau sesuai dengan peraturan Perusahaan. 6. Periode COP: Transportation allowance shall be paid to the Employee based on company regulation. In case Employee use COP car, for official duty out of routine activities (commuting to and from between house to office) Company shall provide Business Operation Cost allowance (BDL) of Rp 380,-/ km or as per company regulation.

6. COP Period:

6.1. Karyawan wajib mengangsur selama 6.1. Employee should pay installments to the 4 (empat) tahun periode COP sebagaimana Company with in 4 (four) years of COP period. diatur dalam Surat Keputusan ini. 6.2. Selama periode COP, Karyawan wajib 6.2. During COP period, Employee should use mempergunakan Kendaraan yang COP car for the purpose of COP and 4.

diberikan melalui fasilitas COP dengan it is forbidden for Employee to sell/ change maksud dan tujuan diadakannya COP, ownership/ rent the COP Vehicle for any dengan demikian Karyawan tidak reason. diperkenankan untuk menjual/mengalihkan kepemilikan/meminjamkan/menyewa Kendaraan tersebut dengan dalih atau alasan apapun. 6.3. Karyawan wajib menyerahkan BPKB asli 6.3. Employee should give original Car Ownership dan fotokopi polis asuransi Kendaraan yang Registration (BPKB) and yearly diberikan melalui fasilitas COP kepada insurance certificate to the Company Perusahaan (HRD-GA dept.) dan akan (HRD-GA dept) and it will be returned to dikembalikan bila Karyawan sudah Employee after completing all the obligation melunasi semua kewajiban COP pada of COP at the end of COP period. akhir periode COP. 7. Asuransi dan STNK: 7. Insurance and Car Registration No. (STNK):

7.1. Karyawan wajib mengasuransikan 7.1. Employee should take Vehicle insurance Kendaraan yang diberikan melalui fasilitas to cover conditions of 'all risk', 'third party COP dengan kondisi 'all risk', liability' and riot. pertanggungan pihak ketiga dan huru-hara. 7.2. Biaya asuransi dari tahun pertama dan 7.2. Cost of Insurance from first year and STNK STNK tahun kedua dan selanjutnya dibayar from second year onwards shall be paid by terlebih dahulu oleh Perusahaan dan the Company first and will be charged to the wajib dibebankan kepada Karyawan dan Employee in installments by the Company, diangsur dalam waktu 1 tahun (12 bulan). to be collected with in 1 year (12 months). 8. Perawatan dan Servis Kendaraan COP: 8. Service and Maintenance of COP Vehicle: Karyawan wajib melaksanakan perawatan dan Employee should take good care of COP vehicle and pemeliharaan atas Kendaraan tersebut sebaikdo routine service and maintenance of vehicle at baiknya serta melakukan pemeriksaan Kendaraan authorised service centre by following Company's secara rutin pada bengkel resmi yang ditetapkan rules. oleh Perusahaan. 9. Kecelakaan dan Kendaraan COP tidak dapat9. Vehicle accident or damage to COP car: digunakan: If there is any accident of COP vehicle or any damage, Dalam hal terjadi kecelakaan atau kerusakan then Employee should follow procedure as below: terhadap kendaraan COP, Karyawan harus mengikuti prosedur sebagai berikut: 9.1. Karyawan harus menyelesaikan masalah 9.1. Employee should resolve the problem and dan memenuhi kewajiban yang timbul fulfil necessary obligation with the second dengan pihak yang berperkara/ party. berkepentingan/ berwenang. 9.2. Karyawan wajib melaporkan kepada 9.2. Employee should write the report to Company Perusahaan secara tertulis dalam jangka within 24 hours. waktu maksimal 1 x 24 jam. 9.3. Dalam hal Karyawan sementara waktu/ 9.3. In case Vehicle can not be used seterusnya tidak dapat menggunakan temporarily/ permanently, then the Company Kendaraan tersebut, maka Perusahaan has no obligation to provide replacement tidak berkewajiban menyediakan Vehicle and Employee should continue to be Kendaraan pengganti dan untuk kegiatan responsible towards his/ her operational operasional Karyawan sepenuhnya menjadi activities. tanggung jawab Karyawan tersebut. 9.4. Karyawan menanggung biaya resiko 9.4. Employee has obligation to pay all cost of sendiri sesuai dengan polis asuransi yang insurance and other costs related to the berlaku dan biaya-biaya lain yang accident report. berhubungan dengan laporan kecelakaan. 5.

10. Kendaraan Hilang/ Dicuri:

10. Vehicle lost or stolen:

10.1. Apabila Kendaraan hilang/ dicuri, prosedur 10.1. If COP car is lost or stolen, Employee should yang harus dilaksanakan adalah pasal 9.3. take actions as per article 9.3. and 9.4. dan 9.4. 10.2. Selama proses pengurusan dan 10.2. During such period, Employee will penyelesaian Kendaraan tersebut, maka receive Tranport allowance based on untuk Karyawan tetap diberikan Tunjangan Employee's rank. transport sesuai dengan rank-nya. 10.3. Bila Karyawan sudah mendapatkan 10.3. If Employee has already received from penggantian asuransi atas kehilangan insurance company replacement cost for Kendaraan, maka penggantian tersebut lost car, it must be used to buy Nissan car wajib dibelikan kendaraan merk Nissan with minimum price same as insurance dengan minimum harga sebesar replacement amount. penggantian asuransi. Karyawan harus melunasi sisa kewajiban Employee should pay back all the balance hutangnya kepada Perusahaan didalam obligation towards COP to the Company waktu yang telah ditetapkan. with in the specified period. 11. Larangan untuk menjual/ mengalihkan 11. Forbidden to sell/ change ownership/ rent the kepemilikan/ menyewakan/ mengalihkan Vehicle to other party: kepada pihak lain: Karyawan dilarang untuk menjual/ mengalihkan Employee is forbidden to sell/ change ownership/ kepemilikan/ menyewakan/ mengalihkan rent the Vehicle to other party or misuse COP kepada pihak lain untuk menyalahgunakan COP in direct or indirect way, especially offlimits of baik secara langsung maupun tidak langsung, normal usage/ operating the COP Vehicle outside khususnya menggunakan Kendaraan diluar the use of Employee's normal operations, kewajaran pemakaian/ fungsinya sebagai including renting or lending out Vehicle without kendaraan operasional Karyawan, termasuk tapi written permission of BOD. tidak terbatas pada hal meminjamkan Kendaraan tanpa ijin tertulis dari BOD. 12. Sanksi: 12. Sanction: Karyawan yang melanggar ketentuan tersebut Any Employee who breaks the above mentioned di atas merupakan pelanggaran atas Ketentuan rules, is considered as breaking Company's regulation dan Peraturan Perusahaan yang berlaku dan and will get sanction in line with the weightage of akan dikenakan sanksi sesuai dengan bobot mistake and Employee's right for COP will be kesalahan dan dapat ditiadakan/ dicabutnya terminated and he/ she will receive only COP bagi Karyawan tersebut dan kepada yang Transportation allowance based on Company's rule. bersangkutan hanya akan menerima Tunjangan tranport sesuai dengan ketentuan yang berlaku.

IV. LAIN-LAIN

IV. OTHERS

Untuk Karyawan baru, selama masa evaluasi minimal New Employee, during evaluation period of minimum 6 (enam) bulan belum diberi kesempatan untuk 6 (six) months, will have no right for COP facility. mengikuti COP. Perusahaan akan menyediakan Company will provide company car facility or sarana kendaraan dinas atau penyediaan tunjangan transportation allowance as per company regulations. transportasi pengganti sarana kendaraan dinas. Type of vehicle will be decided based on prevailing Jenis kendaraan yang disediakan tergantung dari condition and Company's policy. situasi dan kebijakan Perusahaan.

V. ARTIKEL PENUTUP

V. CLOSING ARTICLE

1. Surat Keputusan Direksi ini mulai berlaku 1.sejak This Board of Director's Decision Letter shall come tanggal ditandatangani oleh seluruh BOD. into effect from the date of signing of this regulation by all members of BOD. 6.

2. Apabila kemudian terdapat kekurangan/ 2. If there is any stipulation in this decision letter found kekeliruan dalam Surat Keputusan Direksi ini, not valid or sufficiently not covered, then the Company akan dilakukan penyempurnaan seperlunya. shall revise it at earliest.

Ditetapkan Jakarta di: Tanggal: . 2003

Place: Date:

Jakarta 2003

PT. NISSAN MOTOR INDONESIA BOARD OF DIRECTORS

JAYASHREE RALHAN

MASAFUMI KITAGAWA

TORU HASEGAWA

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Perjanjian Program Kepemilikan Kendaraan No. ../NMI-NMDI/COP/I/03

Agreement of Car Ownership Program No. ../NMI-NMDI/COP/I/03

Yang bertanda tangan di bawah ini: Nama Jabatan Alamat : : : Toru Hasegawa Presiden Direktur Wisma Indomobil, Lantai 3 Jl. M.T. Haryono Kav. 8 Jakarta Timur 13330

This is to state that the undersigned: Name Title Address : : : Toru Hasegawa President Director Wisma Indomobil, 3rd Fl. Jl. M.T. Haryono Kav. 8 Jakarta Timur 13330

Bertindak dan atas nama PT. NISSAN MOTOR INDONESIA dan PT. NISSAN MOTOR DISTRIBUTOR INDONESIA, yang bertempat kedudukan di Jakarta. Yang selanjutnya disebut sebagai PIHAK PERTAMA. Nama NIK Jabatan No. KTP Alamat : : : : :

Acting and on behalf of PT. NISSAN MOTOR INDONESIA and PT. NISSAN MOTOR DISTRIBUTOR INDONESIA, located in Jakarta to be called as FIRST PARTY.

Name EID No. Title ID No. Address

: : : : :

No. Telepon :

Phone No. :

Bertindak untuk dan atas nama diri sendiri selakuis an employee of FIRST PARTY, to be called as SECOND Karyawan dari PIHAK PERTAMA, yang selanjutnya PARTY. disebut sebagai PIHAK KEDUA. Both the Parties agree to follow CAR OWNERSHIP PROGRAM Kedua belah pihak secara bersama-sama telah setuju untuk mematuhi PERJANJIAN KEPEMILIKAN KENDARAAN AGREEMENT (to be called as COP Agreement) based on (yang selanjutnya disebut sebagai Perjanjian COP)Board sesuai of Directors Letter No. 001/SK-BOD/NMI-NMDI/II/03 dengan Surat Keputusan Direksi No. 001/SK-BOD/ as per conditions stated below: NMI-NMDI/II/03 dengan syarat-syarat dan ketentuanketentuan sebagai berikut:

BAB I KEWAJIBAN PERUSAHAAN Kewajiban Perusahaan Pasal 1

CHAPTER I COMPANY'S OBLIGATION Company's Obligation Article 1

1.PIHAK PERTAMA setuju memberi pinjaman uang sebesar 1. FIRST PARTY shall provide loan of Rp ..,Rp ,- kepada PIHAK KEDUA untuk pembelian to SECOND PARTY to buy Vehicle of FIRST PARTY. KENDARAAN produk PIHAK PERTAMA 2.PIHAK PERTAMA setuju memberi subsidi 50% dari harga 2.FIRST PARTY shall provide subsidy of 50% COP price cop Kendaraan kepada PIHAK KEDUA. to SECOND PARTY. 3.PIHAK PERTAMA setuju memberi tunjangan transport 3.FIRST PARTY shall provide transportation allowance to kepada PIHAK KEDUA setiap bulan sesuai dengan SECOND PARTY every month for purchase of gasoline rank PIHAK KEDUA. and maintenance of vehicle based on rank of SECOND PARTY. 1.

4.PIHAK PERTAMA akan menyerahkan BPKB asli dari 4.FIRST PARTY will give original of BPKB of Vehicle to

KENDARAAN kepada PIHAK KEDUA apabila PIHAK KEDUA sudah menyelesaikan semua kewajiban COP hutang-piutangnya terhadap PIHAK PERTAMA.

SECOND PARTY after all obligation concerning fulfilled by SECOND PARTY to FIRST PARTY.

COP

BAB II HAK DAN KEWAJIBAN KARYAWAN Hak Karyawan Pasal 2

CHAPTER II EMPLOYEE'S RIGHT AND OBLIGATION Employee's Right Article 2

1.PIHAK KEDUA berhak atas tunjangan transport sesuai 1.SECOND PARTY have the right of transportation allowance dengan ketentuan yang ditetapkan oleh PIHAK PERTAMA. as company rule by FIRST PARTY. 2.PIHAK KEDUA berhak atas BPKB asli dari KENDARAAN 2.SECOND PARTY have the right of original BPKB of setelah menyelesaikan semua kewajiban hutang-piutangnya Vehicle after fulfill all obligation to FIRST PARTY. terhadap PIHAK PERTAMA. Kewajiban Karyawan Pasal 3 Employee's Obligation Article 3

1.PIHAK KEDUA wajib membayar angsuran KENDARAAN 1.SECOND PARTY should pay Vehicle installments based on sesuai dengan tabel angsuran terlampir, angsuran enclosed asuransi installment table, insurance installments and cost of Car Registration (STNK) extention. dan biaya perpanjangan STNK. 2.PIHAK KEDUA wajib memberikan BKPB asli, fotokopi 2.SECOND PARTY should give original BPKB and fotocopy of Car Registration (STNK) and insurance policy of Vehicle STNK dan polis asuransi KENDARAAN kepada PIHAK PERTAMA. to FIRST PARTY. 3.PIHAK KEDUA wajib melaksanakan perawatan dan 3.SECOND PARTY should take good care of Vehicle and pemeliharaan atas KENDARAAN tersebut sebaik-baiknya and do routine service and maintenance of Vehicle at serta melakukan pemeriksaan Kendaraan secara rutin authorised service centre by following Company's rule. pada bengkel yang ditetapkan oleh Perusahaan. 4.PIHAK KEDUA dilarang melakukan perubahan hak 4.SECOND PARTY is forbidden to sell/ change ownership/ kepemilikan atas KENDARAAN kepada pihak lain, rent the Vehicle to other party before all obligation fulfill sebelum hutang-piutang diselesaikan.

BAB III CARA PEMBAYARAN DAN JAMINAN Cara Pembayaran Pasal 4

CHAPTER III PAYMENT METHOD AND WARRANTY Payment Method Pasal 4

1.PIHAK KEDUA menyetujui pembayaran 50% harga 1.SECOND PARTY agreed to pay 50% of COP price in KENDARAAN dengan angsuran sebanyak 54 kali dalam 54 installaments within 48 months (4 years) whis is taken waktu 48 bulan (4 tahun) yang diambil dari potongan from gaji source of salary of each month, THR and bonus setiap bulan, THR dan bonus sesuai dengan tabel angsuran based on enclosed installment table starting from terlampir mulai dari bulan Februari 2003. Februari 2003. 2.Dalam hal PIHAK PERTAMA karena sesuatu dan lain 2.In hal case FIRST PARTY could not give bonus to SECOND tidak bisa memberikan bonus kepada PIHAK PERTAMA,PARTY then the installment to be cut from bonus will be maka potongan angsuran melalui bonus digantikan melalui substituted by salary month of 49 onwards until finish. potongan gaji di bulan ke-49 dan selanjutnya sampai lunas. 3.PIHAK KEDUA setuju untuk memberikan surat kuasa 3.SECOND PARTY agreed to give authorization letter to FIRST PARTY, special for deduction of salary, THR and kepada PIHAK PERTAMA, khususnya untuk melaksanakan pemotongan gaji, THR dan bonus seperti yang tersebut bonus as mentioned as Clause (1). pada Ayat (1). 2.

Jaminan Pasal 5

Warranty Pasal 5

SECOND PARTY agreed to give original BPKB, photocopy PIHAK KEDUA setuju untuk memberikan BPKB asli, fotokopi of Pasal STNK and insurance policy as mentioned as Article 1 STNK dan polis asuransi seperti yang tersebut pada 1 Ayat (1) kepada PIHAK PERTAMA sebagai jaminan. Clause (1) in this agreement to FIRST PARTY as warranty.

BAB IV PEMELIHARAAN, ASURANSI DAN PERPANJANGAN STNK Pemeliharaan Pasal 6

CHAPTER IV MAINTENANCE, INSURANCE AND CAR REGISTRATION (STNK ) EXTENTION Service and Maintenance Pasal 6

1.Selama periode pembayaran angsuran, PIHAK KEDUA 1.During COP period, SECOND PARTY has responsibility yang bertanggung jawab penuh atas pemeliharaan of Vehicle maintenance as recommend by service manual KENDARAAN seperti yang direkomendasikan dalam buku book and do routine service and maintenance of Vehicle at pedoman KENDARAAN dan melakukan pemeriksaan authorised service centre. KENDARAAN secara rutin pada bengkel yang ditetapkan oleh PIHAK PERTAMA. 2.Seluruh biaya yang timbul atas pemeliharaan KENDARAAN 2.All costs of service and maintenance of Vehicle as seperti yang tertulis pada ayat (1) pasal ini menjadi mentioned as Clause (1) will be borne by SECOND PARTY. tanggungan PIHAK KEDUA. Insurance and Asuransi dan Perpanjangan STNK Car Registration No. (STNK ) Pasal 7 Article 7 1.Asuransi dan perpanjangan STNK Kendaraan COP menjadi 1.Insurance and extention of STNK of Vehicle will be borned tanggung jawab PIHAK KEDUA. by SECOND PARTY. 2.PIHAK KEDUA wajib mengasuransikan KENDARAAN 2.SECOND PARTY has responsibility to take Vehicle insurance to the insurance company by Company referral. diperusahaan asuransi yang ditunjuk oleh PIHAK PERTAMA. 3.PIHAK PERTAMA akan terlebih dahulu membayar asuransi 3.FIRST PARTY will pay insurance and extention of 2nd year STNK cost and will be charged to SECOND dan perpanjangan STNK tahun kedua untuk selanjutnya ditagih kepada PIHAK KEDUA. PARTY. and extention of STNK cost will be paid by 4.Untuk melunasi pinjaman asuransi dan perpanjangan 4.Insurance STNK, PIHAK PERTAMA diberi kesempatan untuk mengangsur SECOND PARTY in installments to FIRST PARTY, to tahun be collected with in 1 year (12 months) every year for sebanyak 12 kali dalam waktu 1 (satu) tahun setiap selama 4 (empat) tahun. 4 (four) years. 5.Pembayaran angsuran yang tertulis pada Ayat (3) 5.Installment pasal ini payment as mentioned as Clause (3) will be akan dipotongkan dari gaji PIHAK KEDUA setiap bulannya deduct from salary of FIRST PARTY every month upto sampai lunas. fully paid. 6.PIHAK KEDUA setuju untuk memberikan surat kuasa 6.SECOND PARTY agreed to give authorization letter to kepada PIHAK PERTAMA, khususnya untuk melaksanakan FIRST PARTY, special for deduction of salary as mentioned pemotongan gaji seperti yang tersebut pada Ayat (3) as Clause pasal (3). ini. 7.Biaya perbaikan dan pemeliharaan lainnya yang tidak 7.Other insurance cost which is not borne by company ditanggung oleh perusahaan asuransi seperti tersebut insurance pada as mentioned as Clause (1) will be borne by Ayat (1) pasal ini menjadi tanggungan PIHAK KEDUA. SECOND PARTY.

BAB V PEMUTUSAN HUBUNGAN KERJA Pemutusan Hubungan Kerja Pasal 8

CHAPTER V TERMINATION OF EMPLOYMENT Termination of Employment Article 8 work in the Company 3.

Dalam hal PIHAK KEDUA tidak bekerja lagi di Perusahaan If SECOND PARTY discontinue to karena: because of:

1.Pemutusan Hubungan Kerja (PHK), Pengunduran diri 1.Termination of employment (PHK ), Resignation or Pension atau Pensiun sebelum periode COP berakhir, maka before COP period finishes, then FIRST PARTY should PIHAK KEDUA wajib untuk melunasi sisa kewajiban pay all the balance obligation with in 2 (two) weeks hutangnya selambat-lambatnya 2 (dua) minggu sebelum before last working day. masa kerja berakhir. Subsidi PIHAK PERTAMA (50%) harus dikembalikan Company subsidy should be paid by Employee proportionally. secara proporsional. 2.PIHAK KEDUA meninggal sebelum periode COP berakhir 2.If SECOND PARTY dies before COP period finishes then berakhir, maka ahli waris PIHAK KEDUA wajib untukSECOND PARTY heirs should pay all the balance of melunasi sisa kewajiban hutangnya untuk selambat-SECOND PARTY obligation with in 2 (two) months after lambatnya 2 (dua) bulan setelah PIHAK KEDUA 2 (two) months after SECOND PARTY dies. meninggal. 3.Dalam hal PIHAK KEDUA atau ahli waris PIHAK KEDUA 3.In case SECOND PARTY or SECOND PARTY heirs tidak dapat melunasi sisa kewajiban hutangnya pada could not pay in full all balance of SECOND PARTY waktu yang telah ditetapkan, maka KENDARAAN wajibobligation on time then the Vehicle should be returned dikembalikan kepada PIHAK PERTAMA. to FIRST PARTY. PIHAK PERTAMA akan menjual KENDARAAN tersebut FIRST PARTY will sell the Vehicle and calculate settlement dan memperhitungkan kelebihan dan kekurangan hasil of residual value of the car as follows: penjualan sebagai berikut: a. Dalam hal nilai jual lebih tinggi dari sisa kewajiban a. If it is higher than SECOND PARTY balance obligation PIHAK KEDUA maka sisa hasil penjualan akan then the difference will be paid to as it is SECOND PART dibayarkan sebagai hak PIHAK KEDUA atau ahli or SECOND PARTY heirs' right. waris PIHAK KEDUA. b. Bila hasil penjualan kurang daripada harga b. If it is lower than SECOND PARTY balance obligation KENDARAAN, maka kekurangannya menjadi then the difference will be SECOND PARTY or kewajiban PIHAK KEDUA atau ahli waris PIHAK SECOND PARTY heirs' obligation towards FIRST PARTY KEDUA terhadap PIHAK PERTAMA dan harus dibayar and must be settled with in one month after sale of the selambat-lambatnya 1 (satu) bulan sesudah penjualan Vehicle. KENDARAAN. 4.Semua hutang piutang PIHAK KEDUA terhadap PIHAK 4.All the SECOND PARTY obligation to FIRST PARTY PERTAMA harus diselesaikan sebelum hari terakhir should bekerjabe settled before the last day working of FIRST kecuali untuk ahli waris PIHAK PERTAMA yang meninggal. PARTY except for FIRST PARTY heirs.

BAB VI LAIN-LAIN Pasal 9

CHAPTER VI OTHERS Article 9

1.Berlakunya perjanjian ini dimulai sejak penandatanganan 1.This agreement shall come into effect from the date of dan berakhir pada saat akhir periode serta terpenuhinya signing and will be finished after any purposes completed maksud diadakan perjanjian ini oleh PIHAK PERTAMAby SECOND PARTY to FIRST PARTY. dan PIHAK KEDUA. 2.Hal-hal lain yang tidak/ belum diatur dalam perjanjian 2.Any stipulation ini in this agreement found not valid or apabila diperlukan akan diatur kembali oleh keduasufficiently belah not covered, then both parties shall revise it pihak secara tertulis yang merupakan bagian tidakat earliest as part of this agreement. terpisahkan dari perjanjian ini.

Jakarta, . 2003 PIHAK PERTAMA

FIRST PARTY

PIHAK KEDUA
SECOND PARTY

Toru Hasegawa President Director

. .

SAN MOTOR INDONESIA as FIRST PARTY.

to be called as SECOND

CAR OWNERSHIP PROGRAM reement) based on /SK-BOD/NMI-NMDI/II/03

of Rp ..,of FIRST PARTY.

dy of 50% COP price

portation allowance to rchase of gasoline d on rank of SECOND

of BPKB of Vehicle to

on concerning

COP

transportation allowance

original BPKB of ation to FIRST PARTY.

installments based on urance installments and cost

al BPKB and fotocopy insurance policy of Vehicle

are of Vehicle and tenance of Vehicle at llowing Company's rule.

ll/ change ownership/ before all obligation fulfilled.

of COP price in

onth, THR and bonus able starting from

ive bonus to SECOND e cut from bonus will be 49 onwards until finish.

horization letter to ion of salary, THR and

nal BPKB, photocopy mentioned as Article 1 IRST PARTY as warranty.

has responsibility mend by service manual maintenance of Vehicle at

nance of Vehicle as borne by SECOND PARTY.

of Vehicle will be borned

to take Vehicle any by Company referral. and extention of charged to SECOND cost will be paid by

(12 months) every year for

d as Clause (3) will be TY every month upto

horization letter to ion of salary as mentioned

ot borne by company e (1) will be borne by

ork in the Company

), Resignation or Pension n FIRST PARTY should with in 2 (two) weeks

by Employee proportionally.

period finishes then ll the balance of 2 (two) months after

ce of SECOND PARTY icle should be returned

le and calculate settlement

PARTY balance obligation e paid to as it is SECOND PARTY

PARTY balance obligation SECOND PARTY or ion towards FIRST PARTY one month after sale of the

to FIRST PARTY st day working of FIRST

effect from the date of ter any purposes completed

nt found not valid or rties shall revise it

SURAT KUASA PEMOTONGAN GAJI, THR DAN BONUS Yang bertanda tangan di bawah ini: Nama NIK Jabatan Divisi : : : :

AUTHORIZATION LETTER OF SALARY, THR AND BONUS DEDUCTION This is undersigned by: Name EID No. Title Division : : : :

Yang selanjutnya disebut PEMBERI KUASA, memberi kuasa To be called as FIRST PARTY, to give full authorization penuh kepada PT. NISSAN MOTOR INDONESIA/ to PT. NISSAN MOTOR INDONESIA/ PT. NISSAN MOTOR DISTRIBUTOR INDONESIA yang PT. NISSAN MOTOR DISTRIBUTOR INDONESIA located bertempat kedudukan di Jakarta. in Jakarta to be called as SECOND PARTY. Yang selanjutnya disebut sebagai PENERIMA KUASA. KHUSUS SPECIAL

1.Untuk melaksanakan pemotongan: 1.To do deduction of: a. gaji PEMBERI KUASA sebesar Rp .,a. FIRST PARTY' salary of Rp ,(terbilang .) (say ..) setiap bulan sebagai angsuran seperti yang tercantum per month as installment as mentioned in Article 4 pada Pasal 4 ayat (1) Perjanjian COP clause (1) COP Agreement No. ./NMI-NMDI/COP/II/03, tanggal No. ./NMI-NMDI/COP/II/03, date dan pemotongan untuk membayar angsuran asuransi and deduction as insurance installment which calculated based on rill cost of insurance and Car Registration (STNK) yang dihitung berdasarkan biaya asuransi dan perpanjangan STNK riil dibagi 12 (dua belas). divided into 12 (twelve). Untuk pemotongan gaji PEMBERI KUASA sebagai Salary deduction of FIRST AUTHORITY as payment angsuran pembayaran Kendaraan COP dan asuransi installment and insurance of COP car will be started from akan dimulai pada bulan Februari 2003 dan sebagai February 2003 and as extention of Car Registration (STNK) cost will be started from March 2003. angsuran pembayaran perpanjangan STNK akan dimulai pada bulan Maret 2004. b. THR PEMBERI KUASA sebesar Rp ,b.FIRST PARTY's THR of Rp .,c. Bonus PEMBERI KUASA sebesar Rp .,c. FIRST PARTY's bonus of Rp ....,Dalam hal PENERIMA KUASA karena satu dan lain hal In case SECOND PARTY could not give bonus to tidak dapat memberikan bonus kepada PEMBERI KUASA, FIRST PARTY then the installment to be cut from maka pemotongan melalui bonus akan digantikan melalui bonus will be substituted by salary in the month of 49 pemotongan gaji bulan ke-49 dan seterusnya. onwards. 2. Surat Kuasa ini berlaku sejak tanggal saat ditandatangani 2. This Letter shall come into effect from the date of signing sampai Perjanjian COP tersebut dipenuhi/ terselesaikan. until all obligation in COP agreement fulfilled.

Surat Kuasa ini dibuat dengan penuh kesadaran, tanpa This adanya Letter is made by full awareness without any pressure tekanan atau paksaan dari manapun serta dipergunakan andsesuai compulsion from any parties and will be used as proposed keperluannya. properly. Jakarta, Januari 2003 PENERIMA KUASA PT. NMI/ PT. NMDI PEMBERI KUASA Employee,

Toru Hasegawa President Director

. .

to give full authorization

INDONESIA located

mentioned in Article 4

installment which calculated ance and Car Registration (STNK)

UTHORITY as payment f COP car will be started from ion of Car Registration from March 2003.

not give bonus to lment to be cut from y salary in the month of 49

effect from the date of signing agreement fulfilled.

reness without any pressure and will be used as proposed

COP PRICE PT NISSAN MOTOR INDONESIA PT NISSAN MOTOR DISTRIBUTOR INDONESIA Validity : February - July 2003 NO 1 2 3 4 5 6 7 TYPE OF CAR TERRANO KINGSROAD K1 TERRANO GRANROAD-XTR G1 TERRANO SPIRIT S1 X-TRAIL CKD STANDARD X-TRAIL CKD LUXURY SENTRA CEFIRO OTR PRICE (ESTIMATION) Rp Rp Rp Rp Rp Rp Rp 261,500,000 232,500,000 190,000,000 248,000,000 278,000,000 248,000,000 425,000,000 DISCOUNT 15.00% Rp 15.00% Rp 10.00% Rp 10.00% Rp 10.00% Rp 10.00% Rp 10.00% Rp COP PRICE 222,275,000.00 197,625,000.00 171,000,000.00 223,200,000.00 250,200,000.00 223,200,000.00 382,500,000.00

Jakarta, February 17, 2003 Board of Directors

J Ralhan

Masafumi Kitagawa

Toru Hasegawa

INSTALLMENT SCHEDULE CAR OWNERSHIP PROGRAM

ILLUSTRATION

PT NISSAN MOTOR INDONESIA

Name Rank/ Dept COP Period Car COP Vehicle Price : : : : : Sutrisno Lesmono Paid by Empl : Rp 111,600,000 General Manager/ After Sales Serv Installment/ month : Rp 1,992,857 March 2003 - February 2007 Paid by Company: Rp 111,600,000 X-Trail CKD Standard Subsidies / month : Rp 2,325,000 Rp 223,200,000 Paid by Company SUBSIDIES TOTAL BALANCE ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### 98,646,429 94,328,571 90,010,714 85,692,857 81,375,000 77,057,143 70,746,429 66,428,571 60,117,857 55,800,000 51,482,143 47,164,286 42,846,429 38,528,571 34,210,714 29,892,857 25,575,000 21,257,143 14,946,429 10,628,571 4,317,857 (0)

NO

MONTH

Paid by Employee INSTALLMENT

BALANCE 111,600,000 109,607,143 107,614,286 105,621,429 103,628,571 101,635,714 99,642,857 97,650,000 95,657,143 93,664,286 89,678,571 85,692,857 83,700,000 81,707,143 79,714,286 77,721,429 75,728,571 73,735,714 71,742,857 69,750,000 67,757,143 65,764,286 61,778,571 57,792,857 55,800,000 53,807,143 51,814,286 49,821,429 47,828,571 45,835,714 43,842,857 41,850,000 39,857,143 35,871,429 33,878,571 29,892,857 27,900,000 25,907,143 23,914,286 21,921,429 19,928,571 17,935,714 15,942,857 13,950,000 11,957,143 7,971,429 5,978,571 1,992,857 (0)

NO

MONTH

BALANCE ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## 9,300,000 6,975,000 4,650,000 2,325,000 -

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Mar-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

+ THR + Bonus

+ THR + Bonus

+ THR + Bonus

+ THR + Bonus

1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 3,985,714 3,985,714 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 3,985,714 3,985,714 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 3,985,714 1,992,857 3,985,714 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 1,992,857 3,985,714 1,992,857 3,985,714 1,992,857

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Mar-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000 2,325,000

PT. NMI,

Jakarta, .. 2003 Employee,

Toru Hasegawa

..

President Director

INSTALLMENT SCHEDULE CAR OWNERSHIP PROGRAM

ILLUSTRATION

PT NISSAN MOTOR INDONESIA

Name Rank/ Dept COP Period Car COP Vehilce Price : : : : : Kanaka Locanawan Sr. Manager/ Product Planning March 2003 - February 2007 Terrano Grandroad-XTR G1 Rp 197,625,000 Paid by Empl : Installment/ month : Paid by Company: Subsidies / month : Rp 98,812,500 Rp 1,764,509 Rp 98,812,500 Rp 2,058,594

NO

MONTH

Paid by Employee INSTALLMENT

BALANCE 98,812,500 97,047,991 95,283,482 93,518,973 91,754,464 89,989,955 88,225,446 86,460,938 84,696,429 82,931,920 79,402,902 75,873,884 74,109,375 72,344,866 70,580,357 68,815,848 67,051,339 65,286,830 63,522,321 61,757,813 59,993,304 58,228,795 54,699,777 51,170,759 49,406,250 47,641,741 45,877,232 44,112,723 42,348,214 40,583,705 38,819,196 37,054,688 35,290,179 31,761,161 29,996,652 26,467,634 24,703,125 22,938,616 21,174,107 19,409,598 17,645,089 15,880,580 14,116,071 12,351,563 10,587,054 7,058,036 5,293,527 1,764,509 (0)

NO

MONTH

Paid by Company SUBSIDIES

BALANCE ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## 8,234,375 6,175,781 4,117,188 2,058,594 -

TOTAL BALANCE ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### 98,812,500 94,989,397 91,166,295 87,343,192 83,520,089 79,696,987 75,873,884 72,050,781 68,227,679 62,640,067 58,816,964 53,229,353 49,406,250 45,583,147 41,760,045 37,936,942 34,113,839 30,290,737 26,467,634 22,644,531 18,821,429 13,233,817 9,410,714 3,823,103 (0)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Mar-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

+ THR + Bonus

+ THR + Bonus

+ THR + Bonus

+ THR + Bonus

1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 3,529,018 3,529,018 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 3,529,018 3,529,018 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 3,529,018 1,764,509 3,529,018 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 1,764,509 3,529,018 1,764,509 3,529,018 1,764,509

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Mar-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594 2,058,594

PT. NMI,

Jakarta, .. 2003 Employee,

Toru Hasegawa

..

President Director

INSTALLMENT SCHEDULE CAR OWNERSHIP PROGRAM

ILLUSTRATION

PT NISSAN MOTOR INDONESIA

Name : Rank/ Dept : COP Period : Car : COP Vehicle Price : Andi Yurizal Manager/ Accounting Dept March 2003 - Februay 2007 Terrano Spirit Rp 171,000,000 Paid by Empl : Rp Installment/ month : Rp Paid by Company: Rp Subsidies / month : Rp 85,500,000 1,526,786 85,500,000 1,781,250

NO

MONTH

Paid by Employee INSTALLMENT

BALANCE 85,500,000 83,973,214 82,446,429 80,919,643 79,392,857 77,866,071 76,339,286 74,812,500 73,285,714 71,758,929 68,705,357 65,651,786 64,125,000 62,598,214 61,071,429 59,544,643 58,017,857 56,491,071 54,964,286 53,437,500 51,910,714 50,383,929 47,330,357 44,276,786 42,750,000 41,223,214 39,696,429 38,169,643 36,642,857 35,116,071 33,589,286 32,062,500 30,535,714 27,482,143 25,955,357 22,901,786 21,375,000 19,848,214 18,321,429 16,794,643 15,267,857 13,741,071 12,214,286 10,687,500 9,160,714 6,107,143 4,580,357 1,526,786 (0)

NO

MONTH

Paid by Company SUBSIDIES

BALANCE ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## ########## 8,906,250 7,125,000 5,343,750 3,562,500 1,781,250 -

TOTAL BALANCE ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### ########### 98,477,679 93,642,857 88,808,036 85,500,000 82,191,964 78,883,929 75,575,893 72,267,857 68,959,821 65,651,786 62,343,750 59,035,714 54,200,893 50,892,857 46,058,036 42,750,000 39,441,964 36,133,929 32,825,893 29,517,857 26,209,821 22,901,786 19,593,750 16,285,714 11,450,893 8,142,857 3,308,036 (0)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Mar-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

+ THR + Bonus

+ THR + Bonus

+ THR + Bonus

+ THR + Bonus

1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 3,053,571 3,053,571 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 3,053,571 3,053,571 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 3,053,571 1,526,786 3,053,571 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 1,526,786 3,053,571 1,526,786 3,053,571 1,526,786

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

Mar-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Jul-04 Aug-04 Sep-04 Oct-04 Nov-04 Dec-04 Jan-05 Feb-05 Mar-05 Apr-05 May-05 Jun-05 Jul-05 Aug-05 Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07

1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250 1,781,250

PT. NMI,

Jakarta, .. 2003 Employee,

Toru Hasegawa

..

President Director

NAME LIST MANAGER-UP LEVEL

Deputy Director General Manager
1. 2. 3. 4. 5.

Senior Manager
Kanaka Locanawan (PE) 1. Ingi Kardangi (Prod) 2. Steve Ardianto (CPP & Proc) 3. Ronny Tjahjadi (SM) 4. Iwan K (HRD-GA)

Manager
Lies Sudianti (CS) Suhardiman (PdE) Andy Yurizal (FA) Gde Agus (Prod. Eng)

1. Teddy Irawan (NS & Promo) 1. Sutrisno Lesmono (AS) 2. Chetryana Gunardi (FinAcc & IT)