Cop Proposal Draft5

PT. NISSAN MOTOR INDONESIA

PT. NISSAN MOTOR DISTRIBUTOR INDONESIA

LETTER OF APPROVAL OF MANAGEMENT

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

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

We would like to request Management Approval for the COP (Car OwnershipProgram) for MGR up of NMI-NMDI as follows;

OBJECTIVE:

1. To provide support to employees to purchase car for commuting from hometo 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. BOD Decision Letter No. 001/SK-BOD/NMI-NMDI/I/2003 re COP2. COP Agreement between Company and Employee.3. Authorization Letter for Salary Deduction.4. COP Price5. COP Illustration Installment of General Manager & Deputy Director.6. COP Illustration Installment of Senior Manager7. COP Illustration Installment of Manager8. Name List of Manager-up.

Thank you for your kind attention and approval.

Proposed by: Acknowledged by: Approved by:

IKS CGI TIN JR MK THDate: Date: Date: Date: Date: Date:

To enrich employee's quality of life by providing Car Ownership Program (COP).

Surat Keputusan DireksiNo. 001/SK-BOD/NMI-NMDI/II/2003 No. 001/SK-BOD/NMI-NMDI/II/2003

Mengenai: Re:Program Kepemilikan Kendaraan Car Ownership Program

I. LATAR BELAKANG & TUJUAN I. BACKGROUND & PURPOSE

1. Menyediakan sarana bagi karyawan untuk 1. To provide support to employees to purchase carmembeli kendaraan guna transportasi pulang for commuting from home to office.pergi dari rumah ke kantor.

2. Menunjang kelancaran operasional karyawa 2. To support employees for their operations todalam menjalankan tugas-tugas kantor. perform their official duties.

3. Meningkatkan kualitas hidup karyawan den 3. To enrich employee's quality of life by providingmenyediakan Program Kepemilikan Car Ownership Program (COP).

4. Meningkatkan semangat kerja dan kebangga 4. To increase employees work spirit and for themkaryawan menjadi anggota dari bisnis NISSAN.to be proud as member of NISSAN business.

5. Mempertahankan dan meningkatkan dedikasi 5. To maintain and improve employee's dedicationkaryawan sebagai anggota tim manajemen Nissaas member of management team of Nissan.

II. KEBIJAKAN UMUM II. GENERAL POLICY

Perusahaan akan menyediakan fasilitas kepemiCompany shall provide NEW car ownership facility kendaraan baru guna menunjang aktifitas operto support activities of employees and the arrangementkerja karyawan yang diatur sebagai berikut: will be as follows:

1. Persyaratan dan istilah: 1. Eligibility and terminology:

1.1. 1.1. Car Ownership Program (COP) is the vehicle facility program provided by the Company for

program penyediaan fasilitas kendaraanyang disediakan perusahaan untuk Senior Manager, General Manager and karyawan yang mempunyai rankManager, Senior Manager, GeneralManager dan Deputy Director melaluiskema: 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 pokokKaryawan setiap bulan ]

1.2. Harga COP adalah harga untuk 1.2. COP price is price for Vehicle with standard Kendaraan standard, termasuk BBN danSTNK 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 programini.

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.

Board of Directors Decision Letter

Kendaraan/ Car Ownership Program (COP).

Program Kepemilikan Kendaraan/ CarOwnership Program (COP) adalah

employees who are of the rank of Manager,

Deputy Director with the scheme: 50% COPprice cost subsidized by the Company and50% COP price cost borne by Employee paid

specification , including BBN and STNK of first

1.

1.5. Jenis kendaraan diberikan sesuai dengan 1.5. Type of vehicle will be decided based onrank 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 denganketentuan yang berlaku.

1.7. Kendaraan adalah kendaraan beroda empat 1.7. 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.

perlengkapan tambahan.

2. Hak Perusahaan: 2. Company's right:

2.1. Perusahaan berhak untuk membuat 2.1. Company has the right to make exceptionpengecualian dalam memberlakukan/ in implementation of COP and change anymenerapkan COP dan mengubah article in this regulation vide Board ofketentuan-ketentuan yang tercantum Directors (BOD) Decision Letter, includingdalam Surat Keputusan ini, termasuk untuk suitability of employee to qualify for thiskaryawan tertentu yang memenuhi syarat program based on employee's duty.untuk mengikuti program ini berdasarkansifat tugasnya.

2.2. Perusahaan berhak melakukan 2.2. Company has the right to do inspectionpemeriksaan 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 standardKendaraan dan akan diputuskan sesuai of vehicle and shall to be decided by BODdengan kebijaksanaan BOD dari waktu from time to time.ke waktu.

III.TATA CARA PELAKSANAAN III.PROCEDURE

1. Jenis Kendaraan: 1. Type of Vehicle:

Jenis Type ofNo. Rank Kendaraan No. Rank Vehicle1 DD Sentra atau 1 DD Sentra or

(Deputy Director Terrano (Deputy Director Terranodan Kingsroad and Kingsroad orGM atau X-Trail GM X-Trail(General Manager(CKD Assy lokal) (General Manager(CKD Local Assy)

2 SM Terrano 2 SM Terrano(Senior Manager) XTR (Senior Manager) XTR

3 MGR (Manager) Terrano 3 MGR (Manager) TerranoSpirit Spirit

1.1. Karyawan mempunyai kesempatan untuk 1.1. Employee can choose type of vehiclememilih jenis Kendaraan sesuai dengan based on employee's rank or chooserank atau jenis kendaraan diatas atau below or above employee's rank.dibawah rank-nya.

2.

sebagai OEM) dan tidak termasuk

1.2. Bilamana Karyawan memilih kendaraan 1.2. If Employee choose car of higher rank/pricemerk Nissan yang harganya lebih tinggi than Employee's right then the differencedari 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 tunaipada saat pemesanan oleh Karyawan yangbersangkutan.

1.3. Bilamana Karyawan memilih kendaraan 1.3. If Employee choose car with lower merk Nissan yang harganya lebih rendahdari 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 diberikansesuai 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 byKaryawan sebanyak 54x angsuran dalam by Employee in 54 installments withinwaktu 48 bulan (4 tahun) yang diambil dari 48 months (4 years) which is taken frompotongan melalui gaji setiap bulan, THR source of salary of each month, THR anddan bonus. bonus.

2.2. Dalam hal Perusahaan, karena sesuatu 2.2. In case Company could not give bonus todan lain hal, tidak bisa memberikan bonus Employee then the installment to be cut fromkepada Karyawan, maka potongan bonus will be substituted by salary.angsuran melalui bonus digantikan melaluipotongan gaji.

2.3. 50% dari harga Kendaraan disubsidi oleh 2.3. 50% of Vehicle's COP price will be subsidized Perusahaan melalui subsidi rutin dibukukan by the Company vide 40 installments bookedsebanyak 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 periodrank sebelum masa COP berakhir dan berhak finish and the Employee has the right to get highermemperoleh COP dengan jenis Kendaraan yang standard Vehicle then the Company will givelebih tinggi, maka Perusahaan akan memberikafollowing alternatives:alternatif sebagai berikut:

3.1. Karyawan dapat melanjutkan COP yang 3.1. Employee can continue to use the runningsedang berlangsung hingga masa COP COP until COP period finish and after thatberakhir dan setelah itu Karyawan dapat Employee can get new Vehicle throughmengambil Kendaraan baru melalui fasilitas new COP; COP; oratau

3.2. Karyawan dapat memperoleh Kendaraan 3.2. Employee can get new Vehicle throughbaru melalui fasilitas COP setelah COP after fully paying all the obligationmelunasi sisa kewajiban yang harus dibayar towards running COP.dari fasilitas COP yang sedang berlangsung.

3.3. Tunjangan transport akan diberikan sesu 3.3. Transport allowance will be given baseddengan rank Karyawan yang baru. on Employee's new rank.

4. Apabila Karyawan tidak bekerja lagi di 4. If Employee discontinue to work in the CompanyPerusahaan karena: because of:

4.1. Pemutusan Hubungan Kerja (PHK), 4.1.Pengunduran diri atau Pensiun sebelum Resignation or Pension before COP period

3.

price than the Employee's right then the

Termination of employment (PHK),

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 EmployeeSubsidi Perusahaan (50%) harus proportionally. dikembalikan secara proporsional.

4.2. Bila Karyawan meninggal sebelum periode 4.2. If Employee dies before COP period finishesCOP 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'skewajiban hutangnya pada waktu yang obligation on time then the COP Vehicletelah 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 padapasal 4.1. dan 4.2.Perusahaan akan menjual Kendaraan COP Company will sell the COP Vehicle andtersebut dan memperhitungkan kelebihan calculate settlement of residual value ofdan kekurangan hasil penjualan sebagai the car as follows:berikut:a. Dalam hal nilai jual lebih tinggi dari sa. 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 CompanyPerusahaan harus diselesaikan sebelumhari terakhir bekerja kecuali untuk ahli of Employee except in case of employee'swaris Karyawan yang meninggal. death by Employee's heirs.

5. Tunjangan Transport dan penggantian Biay 5. Transportation allowance andDinas Luar: Business Operation Cost allowance (BDL):

5.1. Perusahaan akan memberikan Tunjangan 5.1. Transportation allowance shall be paid to Transport sesuai dengan rank-nya. the Employee based on company regulation.

5.2. Dalam hal Karyawan menggunakan 5.2. In case Employee use COP car, for official Kendaraan untuk keperluan dinas duty out of routine activities (commuting to diluar keperluan rutin (pulang pergi dari and from between house to office) rumah ke lokasi kantor), Company shall provide Business Operation Perusahaan akan memberikan penggantian Cost allowance (BDL) of Rp 380,-/ km or Biaya Dinas Luar (BDL) sebesar as per company regulation. Rp 380,-/ km atau sesuai dengan peraturan Perusahaan.

6. Periode COP: 6. COP Period:

6.1. Karyawan wajib mengangsur selama 6.1. Employee should pay installments to the4 (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 usemempergunakan Kendaraan yang COP car for the purpose of COP and

4.

should be settled before the last working day

diberikan melalui fasilitas COP dengan it is forbidden for Employee to sell/ changemaksud dan tujuan diadakannya COP, ownership/ rent the COP Vehicle for anydengan demikian Karyawan tidak reason. diperkenankan untuk menjual/mengalihkankepemilikan/meminjamkan/menyewaKendaraan tersebut dengan dalih ataualasan apapun.

6.3. Karyawan wajib menyerahkan BPKB asli 6.3. Employee should give original Car Ownership dan fotokopi polis asuransi Kendaraan yangdiberikan 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 obligationmelunasi 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 insuranceKendaraan yang diberikan melalui fasilitas to cover conditions of 'all risk', 'third party COP dengan kondisi 'all risk', liability' and riot.pertanggungan pihak ketiga danhuru-hara.

7.2. Biaya asuransi dari tahun pertama dan 7.2.STNK tahun kedua dan selanjutnya dibayar from second year onwards shall be paid byterlebih dahulu oleh Perusahaan dan the Company first and will be charged to thewajib 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 andpemeliharaan atas Kendaraan tersebut sebaik-do routine service and maintenance of vehicle atbaiknya serta melakukan pemeriksaan Kendaraaauthorised service centre by following Company's

rules.oleh Perusahaan.

9. Kecelakaan dan Kendaraan COP tidak dapat 9. 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 harusmengikuti 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.seterusnya tidak dapat menggunakan temporarily/ permanently, then the CompanyKendaraan tersebut, maka Perusahaan has no obligation to provide replacementtidak berkewajiban menyediakan Vehicle and Employee should continue to beKendaraan pengganti dan untuk kegiatanoperasional Karyawan sepenuhnya menjadi activities. tanggung jawab Karyawan tersebut.

9.4. Karyawan menanggung biaya resiko 9.4. Employee has obligation to pay all cost ofsendiri sesuai dengan polis asuransi yang insurance and other costs related to theberlaku dan biaya-biaya lain yang accident report.berhubungan dengan laporan kecelakaan.

5.

Registration (BPKB) and yearly

Cost of Insurance from first year and STNK

secara rutin pada bengkel resmi yang ditetapkan

In case Vehicle can not be used

responsible towards his/ her operational

10. Kendaraan Hilang/ Dicuri: 10. Vehicle lost or stolen:

10.1 Apabila Kendaraan hilang/ dicuri, prose 10.1yang 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 10.2penyelesaian Kendaraan tersebut, maka receive Tranport allowance based onuntuk 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 frompenggantian asuransi atas kehilangan insurance company replacement cost forKendaraan, maka penggantian tersebut lost car, it must be used to buy Nissan carwajib dibelikan kendaraan merk Nissan with minimum price same as insurancedengan minimum harga sebesar replacement amount.penggantian asuransi.Karyawan harus melunasi sisa kewajiban Employee should pay back all the balancehutangnya kepada Perusahaan didalam obligation towards COP to the Companywaktu yang telah ditetapkan. with in the specified period.

11. Larangan untuk menjual/ mengalihkan 11. Forbidden to sell/ change ownership/ rent thekepemilikan/ menyewakan/ mengalihkan Vehicle to other party:kepada pihak lain:Karyawan dilarang untuk menjual/ mengalihkanEmployee is forbidden to sell/ change ownership/kepemilikan/ menyewakan/ mengalihkan rent the Vehicle to other party or misuse COPkepada pihak lain untuk menyalahgunakan COP in direct or indirect way, especially offlimits ofbaik secara langsung maupun tidak langsung, normal usage/ operating the COP Vehicle outsidekhususnya menggunakan Kendaraan diluar the use of Employee's normal operations,kewajaran pemakaian/ fungsinya sebagai including renting or lending out Vehicle withoutkendaraan operasional Karyawan, termasuk tapwritten permission of BOD.tidak terbatas pada hal meminjamkan Kendaraantanpa ijin tertulis dari BOD.

12. Sanksi: 12. Sanction:Karyawan yang melanggar ketentuan tersebut Any Employee who breaks the above mentioneddi atas merupakan pelanggaran atas Ketentuanrules, is considered as breaking Company's regulationdan Peraturan Perusahaan yang berlaku dan and will get sanction in line with the weightage ofakan dikenakan sanksi sesuai dengan bobot mistake and Employee's right for COP will bekesalahan dan dapat ditiadakan/ dicabutnya terminated and he/ she will receive onlyCOP bagi Karyawan tersebut dan kepada yang Transportation allowance based on Company's rule.bersangkutan hanya akan menerima Tunjangantranport sesuai dengan ketentuan yang berlaku.

IV. LAIN-LAIN IV. OTHERS

Untuk Karyawan baru, selama masa evaluasi miNew Employee, during evaluation period of minimum6 (enam) bulan belum diberi kesempatan untuk6 (six) months, will have no right for COP facility.mengikuti COP. Perusahaan akan menyediakan Company will provide company car facility orsarana kendaraan dinas atau penyediaan tunjatransportation allowance as per company regulations.transportasi pengganti sarana kendaraan dinaType of vehicle will be decided based on prevailingJenis kendaraan yang disediakan tergantung dcondition and Company's policy.situasi dan kebijakan Perusahaan.

V. ARTIKEL PENUTUP V. CLOSING ARTICLE

1. Surat Keputusan Direksi ini mulai berlak 1. This Board of Director's Decision Letter shall cometanggal ditandatangani oleh seluruh BOD.

by all members of BOD.

6.

If COP car is lost or stolen, Employee should

During such period, Employee will

into effect from the date of signing of this regulation

2. Apabila kemudian terdapat kekurangan/ 2. If there is any stipulation in this decision letter foundkekeliruan dalam Surat Keputusan Direksi iniakan dilakukan penyempurnaan seperlunya. shall revise it at earliest.

Ditetapkan Jakarta Place: Jakarta Tanggal: ……………. 2003 Date: ……………… 2003

PT. NISSAN MOTOR INDONESIABOARD OF DIRECTORS

JAYASHREE RALHAN MASAFUMI KITAGAWA

not valid or sufficiently not covered, then the Company

To provide support to employees to purchase car

To increase employees work spirit and for them

to support activities of employees and the arrangement

Car Ownership Program (COP) is the vehicle facility program provided by the Company for

[ Total installment (including insurance) amount shall NOT exceed 30% of basic salary

COP price is price for Vehicle with standard

who have the rank of Manager upto Deputy Director are qualified for this program.

COP period shall be for 4 (four) years from the time Employee receive the car physically.

and STNK of first

every month for purchase of gasoline and

Vehicle is 4-wheels NISSAN car assembled/ distributed by the Company under PT. Nissan Motor Indonesia (inclusive of AC and Radio Tape, if fixed as OEM) and excluding optional

Directors (BOD) Decision Letter, includingsuitability of employee to qualify for this

If Employee choose car of higher rank/price

difference amount will not be Employee's right and all other allowance will be given

50% of Vehicle's COP price will be paid by

Employee then the installment to be cut from

50% of Vehicle's COP price will be subsidized by the Company vide 40 installments booked

finish and the Employee has the right to get higher

COP until COP period finish and after that

If Employee discontinue to work in the Company

Resignation or Pension before COP period

finishes, then Employee should pay all the

Company subsidy should be paid by Employee

If Employee dies before COP period finishes

could not pay in full all balance of Employee's

should be returned to Company with in the time limit specified in clause 4.1. and 4.2.

a. If it is higher than Employee's balance obligation then the difference will be paid to as it is Employee or Employee's

b. If it is lower than Employee's balance obligation then the difference will be Employee's or Employee heirs' obligation towards the Company and must be settled with in one month after sale of the Vehicle.

In case Employee use COP car, for official duty out of routine activities (commuting to

Company shall provide Business Operation Cost allowance (BDL) of Rp 380,-/ km or

Company with in 4 (four) years of COP period.

should be settled before the last working day

it is forbidden for Employee to sell/ change

Employee should give original Car Ownership

(HRD-GA dept) and it will be returned to Employee after completing all the obligation

to cover conditions of 'all risk', 'third party

the Company first and will be charged to the

to be collected with in 1 year (12 months).

Employee should take good care of COP vehicle anddo routine service and maintenance of vehicle atauthorised service centre by following Company's

If there is any accident of COP vehicle or any damage,then Employee should follow procedure as below:

fulfil necessary obligation with the second

Employee should write the report to Company

Employee has obligation to pay all cost of

Cost of Insurance from first year and STNK

take actions as per article 9.3. and 9.4.

lost car, it must be used to buy Nissan car

Employee is forbidden to sell/ change ownership/

in direct or indirect way, especially offlimits ofnormal usage/ operating the COP Vehicle outside

including renting or lending out Vehicle without

rules, is considered as breaking Company's regulationand will get sanction in line with the weightage of

Transportation allowance based on Company's rule.

This Board of Director's Decision Letter shall come date of signing of this regulation

If there is any stipulation in this decision letter found, then the Company

Perjanjian Program Kepemilikan Kendaraan Agreement of Car Ownership ProgramNo. ../NMI-NMDI/COP/I/03 No. ../NMI-NMDI/COP/I/03

Yang bertanda tangan di bawah ini:

Nama : Toru Hasegawa Name : Toru HasegawaJabatan : Presiden Direktur Title : President DirectorAlamat : Wisma Indomobil, Lantai 3 Address :

Jl. M.T. Haryono Kav. 8 Jl. M.T. Haryono Kav. 8Jakarta Timur 13330 Jakarta Timur 13330

Bertindak dan atas nama PT. NISSAN MOTOR INDONESIA dan PT. NISSAN MOTOR DISTRIBUTOR and PT. NISSAN MOTOR DISTRIBUTOR INDONESIA,INDONESIA, yang bertempat kedudukan di Jakarta. located in Jakarta to be called as FIRST PARTY.Yang selanjutnya disebut sebagai PIHAK PERTAMA.

Nama : Name :NIK : EID No. :Jabatan : Title :No. KTP : ID No. :Alamat : Address :

No. Telep : Phone No. :

Bertindak untuk dan atas nama diri sendiri selakKaryawan dari PIHAK PERTAMA, yang selanjutnya PARTY.disebut sebagai PIHAK KEDUA.

Kedua belah pihak secara bersama-sama telah setumematuhi PERJANJIAN KEPEMILIKAN KENDARAAN AGREEMENT (to be called as COP Agreement) based on(yang selanjutnya disebut sebagai Perjanjian COPBoard of Directors Letter No. 001/SK-BOD/NMI-NMDI/II/03dengan Surat Keputusan Direksi No. 001/SK-BOD/ as per conditions stated below:NMI-NMDI/II/03 dengan syarat-syarat dan ketentuan-ketentuan sebagai berikut:

BAB I CHAPTER IKEWAJIBAN PERUSAHAAN COMPANY'S OBLIGATION

Kewajiban Perusahaan Company's ObligationPasal 1 Article 1

1.PIHAK PERTAMA setuju memberi pinjaman uang seb1.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. 2.to SECOND PARTY.

3. 3.kepada PIHAK KEDUA setiap bulan sesuai dengan SECOND PARTY every month for purchase of gasolinerank PIHAK KEDUA.

PARTY.

1.

This is to state that the undersigned:

Wisma Indomobil, 3rd Fl.

Acting and on behalf of PT. NISSAN MOTOR INDONESIA

is an employee of FIRST PARTY, to be called as SECOND

Both the Parties agree to follow CAR OWNERSHIP PROGRAM

PIHAK PERTAMA setuju memberi subsidi 50% dari hargaFIRST PARTY shall provide subsidy of 50% COP pricecop Kendaraan kepada PIHAK KEDUA.PIHAK PERTAMA setuju memberi tunjangan transport FIRST PARTY shall provide transportation allowance to

and maintenance of vehicle based on rank of SECOND

4.PIHAK PERTAMA akan menyerahkan BPKB asli dari 4.KENDARAAN kepada PIHAK KEDUA apabilaPIHAK KEDUA sudah menyelesaikan semua kewajiban fulfilled by SECOND PARTY to FIRST PARTY.

BAB II CHAPTER IIHAK DAN KEWAJIBAN KARYAWAN EMPLOYEE'S RIGHT AND OBLIGATION

Hak Karyawan Employee's RightPasal 2 Article 2

1.PIHAK KEDUA berhak atas tunjangan transport se1.SECOND PARTY have the right of transportation allowancedengan ketentuan yang ditetapkan oleh PIHAK PERTas company rule by FIRST PARTY.

2.PIHAK KEDUA berhak atas BPKB asli dari KENDARA2.setelah menyelesaikan semua kewajiban hutang-piuVehicle after fulfill all obligation to FIRST PARTY.terhadap PIHAK PERTAMA.

Kewajiban Karyawan Employee's ObligationPasal 3 Article 3

1.PIHAK KEDUA wajib membayar angsuran KENDARAAN 1.SECOND PARTY should pay Vehicle installments based onsesuai dengan tabel angsuran terlampir, angsuranenclosed installment table, insurance installments and costdan biaya perpanjangan STNK.

2.PIHAK KEDUA wajib memberikan BKPB asli, fotoko2.STNK dan polis asuransi KENDARAAN kepada PIHAKPERTAMA. to FIRST PARTY.

3.PIHAK KEDUA wajib melaksanakan perawatan dan 3.SECOND PARTY should take good care of Vehicle andpemeliharaan atas KENDARAAN tersebut sebaik-baikand do routine service and maintenance of Vehicle atserta melakukan pemeriksaan Kendaraan secara rutauthorised 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 fulfilled.sebelum hutang-piutang diselesaikan.

BAB III CHAPTER IIICARA PEMBAYARAN DAN JAMINAN PAYMENT METHOD AND WARRANTY

Cara Pembayaran Payment MethodPasal 4 Pasal 4

1.PIHAK KEDUA menyetujui pembayaran 50% harga 1.KENDARAAN dengan angsuran sebanyak 54 kali dalam54 installaments within 48 months (4 years) whis is takenwaktu 48 bulan (4 tahun) yang diambil dari potonfrom source of salary of each month, THR and bonussetiap bulan, THR dan bonus sesuai dengan tabel based on enclosed installment table starting fromterlampir mulai dari bulan Februari 2003. Februari 2003.

2.Dalam hal PIHAK PERTAMA karena sesuatu dan lai2.In case FIRST PARTY could not give bonus to SECONDtidak bisa memberikan bonus kepada PIHAK PERTAMAPARTY then the installment to be cut from bonus will bemaka potongan angsuran melalui bonus digantikan 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 kuas3.SECOND PARTY agreed to give authorization letter tokepada PIHAK PERTAMA, khususnya untuk melaksanakpemotongan gaji, THR dan bonus seperti yang terbonus as mentioned as Clause (1).pada Ayat (1).

2.

FIRST PARTY will give original of BPKB of Vehicle toSECOND PARTY after all obligation concerning COP

COP hutang-piutangnya terhadap PIHAK PERTAMA.

SECOND PARTY have the right of original BPKB of

of Car Registration (STNK) extention.SECOND PARTY should give original BPKB and fotocopyof Car Registration (STNK) and insurance policy of Vehicle

SECOND PARTY agreed to pay 50% of COP price in

FIRST PARTY, special for deduction of salary, THR and

Jaminan WarrantyPasal 5 Pasal 5

PIHAK KEDUA setuju untuk memberikan BPKB asli, fSTNK dan polis asuransi seperti yang tersebut paAyat (1) kepada PIHAK PERTAMA sebagai jaminan. Clause (1) in this agreement to FIRST PARTY as warranty.

BAB IV CHAPTER IVPEMELIHARAAN, ASURANSI DAN MAINTENANCE, INSURANCE AND

PERPANJANGAN STNK

Pemeliharaan Service and MaintenancePasal 6 Pasal 6

1.Selama periode pembayaran angsuran, PIHAK KEDU1.During COP period, SECOND PARTY has responsibilityyang bertanggung jawab penuh atas pemeliharaanKENDARAAN seperti yang direkomendasikan dalam bubook and do routine service and maintenance of Vehicle atpedoman KENDARAAN dan melakukan pemeriksaan authorised service centre.KENDARAAN secara rutin pada bengkel yang ditetapkanoleh PIHAK PERTAMA.

2.Seluruh biaya yang timbul atas pemeliharaan KE2.All costs of service and maintenance of Vehicle asseperti yang tertulis pada ayat (1) pasal ini metanggungan PIHAK KEDUA.

Insurance andAsuransi dan Perpanjangan STNK

Pasal 7 Article 7

1.Asuransi dan perpanjangan STNK Kendaraan COP m1.tanggung jawab PIHAK KEDUA. by SECOND PARTY.

2.PIHAK KEDUA wajib mengasuransikan KENDARAAN 2.SECOND PARTY has responsibility to take Vehiclediperusahaan asuransi yang ditunjuk oleh PIHAK P

3.PIHAK PERTAMA akan terlebih dahulu membayar as3.FIRST PARTY will pay insurance and extention ofdan perpanjangan STNK tahun kedua untuk selanjutditagih kepada PIHAK KEDUA. PARTY.

4.Untuk melunasi pinjaman asuransi dan perpanjan4.PIHAK PERTAMA diberi kesempatan untuk mengangsurSECOND PARTY in installments to FIRST PARTY,sebanyak 12 kali dalam waktu 1 (satu) tahun setiselama 4 (empat) tahun. 4 (four) years.

5.Pembayaran angsuran yang tertulis pada Ayat (35.Installment payment as mentioned as Clause (3) will beakan dipotongkan dari gaji PIHAK KEDUA setiap budeduct from salary of FIRST PARTY every month uptosampai lunas. fully paid.

6.PIHAK KEDUA setuju untuk memberikan surat kuas6.SECOND PARTY agreed to give authorization letter tokepada PIHAK PERTAMA, khususnya untuk melaksanakFIRST PARTY, special for deduction of salary as mentionedpemotongan gaji seperti yang tersebut pada Ayat as Clause (3).ini.

7.Biaya perbaikan dan pemeliharaan lainnya yang 7.ditanggung oleh perusahaan asuransi seperti tersAyat (1) pasal ini menjadi tanggungan PIHAK KEDUSECOND PARTY.

BAB V CHAPTER VPEMUTUSAN HUBUNGAN KERJA TERMINATION OF EMPLOYMENT

Pemutusan Hubungan Kerja Termination of EmploymentPasal 8 Article 8

Dalam hal PIHAK KEDUA tidak bekerja lagi di PeruIf SECOND PARTY discontinue to work in the Companykarena: because of:

3.

SECOND PARTY agreed to give original BPKB, photocopyof STNK and insurance policy as mentioned as Article 1

CAR REGISTRATION (STNK) EXTENTION

of Vehicle maintenance as recommend by service manual

mentioned as Clause (1) will be borne by SECOND PARTY.

Car Registration No. (STNK)

Insurance and extention of STNK of Vehicle will be borned

insurance to the insurance company by Company referral.

2nd year STNK cost and will be charged to SECOND

Insurance and extention of STNK cost will be paid by

to be collected with in 1 year (12 months) every year for

Other insurance cost which is not borne by companyinsurance as mentioned as Clause (1) will be borne by

1.Pemutusan Hubungan Kerja (PHK), Pengunduran di1.atau Pensiun sebelum periode COP berakhir, maka before COP period finishes, then FIRST PARTY shouldPIHAK KEDUA wajib untuk melunasi sisa kewajiban pay all the balance obligation with in 2 (two) weeks hutangnya selambat-lambatnya 2 (dua) minggu sebebefore 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 bera2.If SECOND PARTY dies before COP period finishes thenberakhir, maka ahli waris PIHAK KEDUA wajib untuSECOND PARTY heirs should pay all the balance ofmelunasi sisa kewajiban hutangnya untuk selambatSECOND PARTY obligation with in 2 (two) months afterlambatnya 2 (dua) bulan setelah PIHAK KEDUA 2 (two) months after SECOND PARTY dies.meninggal.

3.Dalam hal PIHAK KEDUA atau ahli waris PIHAK KE3.In case SECOND PARTY or SECOND PARTY heirs tidak dapat melunasi sisa kewajiban hutangnya pacould not pay in full all balance of SECOND PARTYwaktu yang telah ditetapkan, maka KENDARAAN wajiobligation on time then the Vehicle should be returneddikembalikan kepada PIHAK PERTAMA. to FIRST PARTY.PIHAK PERTAMA akan menjual KENDARAAN tersebut FIRST PARTY will sell the Vehicle and calculate settlementdan memperhitungkan kelebihan dan kekurangan hasof residual value of the car as follows:penjualan sebagai berikut:a. Dalam hal nilai jual lebih tinggi dari sisa 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 PARTY dibayarkan sebagai hak PIHAK KEDUA atau ahl 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 diba and must be settled with in one month after sale of the selambat-lambatnya 1 (satu) bulan sesudah p Vehicle. KENDARAAN.

4.Semua hutang piutang PIHAK KEDUA terhadap PIHA4.All the SECOND PARTY obligation to FIRST PARTY PERTAMA harus diselesaikan sebelum hari terakhirshould be settled before the last day working of FIRSTkecuali untuk ahli waris PIHAK PERTAMA yang meniPARTY except for FIRST PARTY heirs.

BAB VI CHAPTER VILAIN-LAIN OTHERSPasal 9 Article 9

1.Berlakunya perjanjian ini dimulai sejak penand1.This agreement shall come into effect from the date ofdan berakhir pada saat akhir periode serta terpesigning and will be finished after any purposes completedmaksud diadakan perjanjian ini oleh PIHAK PERTAMby SECOND PARTY to FIRST PARTY.dan PIHAK KEDUA.

2.Hal-hal lain yang tidak/ belum diatur dalam pe2.Any stipulation in this agreement found not valid orapabila diperlukan akan diatur kembali oleh kedupihak secara tertulis yang merupakan bagian tidaat earliest as part of this agreement.terpisahkan dari perjanjian ini.

Jakarta, ……………. 2003

PIHAK PERTAMA PIHAK KEDUA

FIRST PARTY SECOND PARTY

Toru Hasegawa ……………………….President Director ……………………….

Termination of employment (PHK), Resignation or Pension

sufficiently not covered, then both parties shall revise it

located in Jakarta to be called as FIRST PARTY.

AGREEMENT (to be called as COP Agreement) based onBoard of Directors Letter No. 001/SK-BOD/NMI-NMDI/II/03

FIRST PARTY shall provide loan of Rp ………………..,-to SECOND PARTY to buy Vehicle of FIRST PARTY.

SECOND PARTY every month for purchase of gasoline

PT. NISSAN MOTOR INDONESIA

employee of FIRST PARTY, to be called as SECOND

to follow CAR OWNERSHIP PROGRAM

50% COP price

provide transportation allowance to

based on rank of SECOND

SECOND PARTY have the right of transportation allowance

Vehicle after fulfill all obligation to FIRST PARTY.

SECOND PARTY should pay Vehicle installments based onenclosed installment table, insurance installments and cost

SECOND PARTY should take good care of Vehicle andand do routine service and maintenance of Vehicle atauthorised service centre by following Company's rule.

SECOND PARTY is forbidden to sell/ change ownership/rent the Vehicle to other party before all obligation fulfilled.

54 installaments within 48 months (4 years) whis is takenfrom source of salary of each month, THR and bonusbased on enclosed installment table starting from

In case FIRST PARTY could not give bonus to SECONDPARTY then the installment to be cut from bonus will besubstituted by salary month of 49 onwards until finish.

SECOND PARTY agreed to give authorization letter to

of Vehicle toconcerning COP

SECOND PARTY have the right of original BPKB of

and fotocopyand insurance policy of Vehicle

price in

FIRST PARTY, special for deduction of salary, THR and

Clause (1) in this agreement to FIRST PARTY as warranty.

During COP period, SECOND PARTY has responsibility

book and do routine service and maintenance of Vehicle at

All costs of service and maintenance of Vehicle as

SECOND PARTY has responsibility to take Vehicle

FIRST PARTY will pay insurance and extention of

Installment payment as mentioned as Clause (3) will bededuct from salary of FIRST PARTY every month upto

SECOND PARTY agreed to give authorization letter toFIRST PARTY, special for deduction of salary as mentioned

If SECOND PARTY discontinue to work in the Company

BPKB, photocopy and insurance policy as mentioned as Article 1

service manual

by SECOND PARTY.

of Vehicle will be borned

to the insurance company by Company referral.

cost and will be charged to SECOND

cost will be paid by

to be collected with in 1 year (12 months) every year for

borne by companyinsurance as mentioned as Clause (1) will be borne by

before COP period finishes, then FIRST PARTY shouldpay all the balance obligation with in 2 (two) weeks

Company subsidy should be paid by Employee proportionally.

If SECOND PARTY dies before COP period finishes thenSECOND PARTY heirs should pay all the balance ofSECOND PARTY obligation with in 2 (two) months after

could not pay in full all balance of SECOND PARTYobligation on time then the Vehicle should be returned

FIRST PARTY will sell the Vehicle and calculate settlement

a. If it is higher than SECOND PARTY balance obligation then the difference will be paid to as it is SECOND PARTY

b. If it is lower than SECOND PARTY balance obligation then the difference will be SECOND PARTY or SECOND PARTY heirs' obligation towards FIRST PARTY and must be settled with in one month after sale of the

All the SECOND PARTY obligation to FIRST PARTY should be settled before the last day working of FIRST

This agreement shall come into effect from the date ofsigning and will be finished after any purposes completed

Any stipulation in this agreement found not valid or

), Resignation or Pension

, then both parties shall revise it

SURAT KUASA AUTHORIZATION LETTER OFPEMOTONGAN GAJI, THR DAN BONUS

Yang bertanda tangan di bawah ini: This is undersigned by:

Nama : Name :NIK : EID No. :Jabatan : Title :Divisi : Division :

Yang selanjutnya disebut PEMBERI KUASA, memberi k To be called as FIRST PARTY, to give full authorizationpenuh kepada PT. NISSAN MOTOR INDONESIA/ to PT. NISSAN MOTOR INDONESIA/PT. NISSAN MOTOR DISTRIBUTOR INDONESIA yang PT. NISSAN MOTOR DISTRIBUTOR INDONESIA locatedbertempat 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 tercan per month as installment as mentioned in Article 4pada Pasal 4 ayat (1) Perjanjian COP clause (1) COP AgreementNo. …./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 calculatedyang dihitung berdasarkan biaya asuransi danperpanjangan STNK riil dibagi 12 (dua belas). divided into 12 (twelve).Untuk pemotongan gaji PEMBERI KUASA sebagai Salary deduction of FIRST AUTHORITY as paymentangsuran pembayaran Kendaraan COP dan asuransi installment and insurance of COP car will be started fromakan dimulai pada bulan Februari 2003 dan sebagai February 2003 and as extention of Car Registrationangsuran pembayaran perpanjangan STNK akandimulai pada bulan Maret 2004.

b.THR PEMBERI KUASA sebesar Rp …………………,- b.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 totidak dapat memberikan bonus kepada PEMBERI KUASA FIRST PARTY then the installment to be cut frommaka pemotongan melalui bonus akan digantikan mel bonus will be substituted by salary in the month of 49pemotongan gaji bulan ke-49 dan seterusnya. onwards.

2. Surat Kuasa ini berlaku sejak tanggal saat di 2. This Letter shall come into effect from the date of signingsampai Perjanjian COP tersebut dipenuhi/ terseles until all obligation in COP agreement fulfilled.

Surat Kuasa ini dibuat dengan penuh kesadaran, ta This Letter is made by full awareness without any pressuretekanan atau paksaan dari manapun serta diperguna and compulsion from any parties and will be used as proposedkeperluannya. properly.

Jakarta, … Januari 2003

PENERIMA KUASA PEMBERI KUASAPT. NMI/ PT. NMDI Employee,

Toru Hasegawa ……………………….President Director ……………………….

SALARY, THR AND BONUS DEDUCTION

based on rill cost of insurance and Car Registration (STNK)

(STNK) cost will be started from March 2003.

FIRST PARTY's THR of Rp …………………….,-

To be called as FIRST PARTY, to give full authorization

PT. NISSAN MOTOR DISTRIBUTOR INDONESIA located

per month as installment as mentioned in Article 4

and deduction as insurance installment which calculated

Salary deduction of FIRST AUTHORITY as paymentinstallment and insurance of COP car will be started fromFebruary 2003 and as extention of Car Registration

In case SECOND PARTY could not give bonus toFIRST PARTY then the installment to be cut frombonus will be substituted by salary in the month of 49

This Letter shall come into effect from the date of signinguntil all obligation in COP agreement fulfilled.

This Letter is made by full awareness without any pressureand compulsion from any parties and will be used as proposed

based on rill cost of insurance and Car Registration (STNK)

cost will be started from March 2003.

COP PRICEPT NISSAN MOTOR INDONESIAPT NISSAN MOTOR DISTRIBUTOR INDONESIAValidity : February - July 2003

NO TYPE OF CAR DISCOUNT COP PRICE

1 TERRANO KINGSROAD K1 Rp 261,500,000 15.00% Rp 222,275,000.00

2 TERRANO GRANROAD-XTR G1 Rp 232,500,000 15.00% Rp 197,625,000.00

3 TERRANO SPIRIT S1 Rp 190,000,000 10.00% Rp 171,000,000.00

4 X-TRAIL CKD STANDARD Rp 248,000,000 10.00% Rp 223,200,000.00

5 X-TRAIL CKD LUXURY Rp 278,000,000 10.00% Rp 250,200,000.00

6 SENTRA Rp 248,000,000 10.00% Rp 223,200,000.00

7 CEFIRO Rp 425,000,000 10.00% Rp 382,500,000.00

Jakarta, February 17, 2003Board of Directors

J Ralhan Masafumi Kitagawa Toru Hasegawa

OTR PRICE (ESTIMATION)

INSTALLMENT SCHEDULEILLUSTRATIONCAR OWNERSHIP PROGRAM

PT NISSAN MOTOR INDONESIAName : Sutrisno Lesmono Paid by Empl : Rp 111,600,000 Rank/ Dept : General Manager/ After Sales S Installment/ mo: Rp 1,992,857 COP Period : March 2003 - February 2007 Paid by Company: Rp 111,600,000 Car : X-Trail CKD Standard Subsidies / mon: Rp 2,325,000 COP Vehicle Pric : Rp223,200,000

Paid by Employee Paid by Company TOTALNO MONTH INSTALLMENT BALANCE NO MONTH SUBSIDIES BALANCE BALANCE

111,600,000 ### ###1 Mar-03 1,992,857 109,607,143 1 Mar-03 2,325,000 ### ###2 Mar-03 1,992,857 107,614,286 2 Mar-03 2,325,000 ### ###3 Apr-03 1,992,857 105,621,429 3 Apr-03 2,325,000 ### ###4 May-03 1,992,857 103,628,571 4 May-03 2,325,000 ### ###5 Jun-03 1,992,857 101,635,714 5 Jun-03 2,325,000 ### ###6 Jul-03 1,992,857 99,642,857 6 Jul-03 2,325,000 ### ###7 Aug-03 1,992,857 97,650,000 7 Aug-03 2,325,000 ### ###8 Sep-03 1,992,857 95,657,143 8 Sep-03 2,325,000 ### ###9 Oct-03 1,992,857 93,664,286 9 Oct-03 2,325,000 ### ###10 Nov-03 + THR 3,985,714 89,678,571 10 Nov-03 2,325,000 ### ###11 Dec-03 + Bonus 3,985,714 85,692,857 11 Dec-03 2,325,000 ### ###12 Jan-04 1,992,857 83,700,000 12 Jan-04 2,325,000 ### ###13 Feb-04 1,992,857 81,707,143 13 Feb-04 2,325,000 ### ###14 Mar-04 1,992,857 79,714,286 14 Mar-04 2,325,000 ### ###15 Apr-04 1,992,857 77,721,429 15 Apr-04 2,325,000 ### ###16 May-04 1,992,857 75,728,571 16 May-04 2,325,000 ### ###17 Jun-04 1,992,857 73,735,714 17 Jun-04 2,325,000 ### ###18 Jul-04 1,992,857 71,742,857 18 Jul-04 2,325,000 ### ###19 Aug-04 1,992,857 69,750,000 19 Aug-04 2,325,000 ### ###20 Sep-04 1,992,857 67,757,143 20 Sep-04 2,325,000 ### ###21 Oct-04 1,992,857 65,764,286 21 Oct-04 2,325,000 ### ###22 Nov-04 + THR 3,985,714 61,778,571 22 Nov-04 2,325,000 ### ###23 Dec-04 + Bonus 3,985,714 57,792,857 23 Dec-04 2,325,000 ### ###24 Jan-05 1,992,857 55,800,000 24 Jan-05 2,325,000 ### ###25 Feb-05 1,992,857 53,807,143 25 Feb-05 2,325,000 ### ###26 Mar-05 1,992,857 51,814,286 26 Mar-05 2,325,000 ### ###27 Apr-05 1,992,857 49,821,429 27 Apr-05 2,325,000 ### 98,646,429 28 May-05 1,992,857 47,828,571 28 May-05 2,325,000 ### 94,328,571 29 Jun-05 1,992,857 45,835,714 29 Jun-05 2,325,000 ### 90,010,714 30 Jul-05 1,992,857 43,842,857 30 Jul-05 2,325,000 ### 85,692,857 31 Aug-05 1,992,857 41,850,000 31 Aug-05 2,325,000 ### 81,375,000 32 Sep-05 1,992,857 39,857,143 32 Sep-05 2,325,000 ### 77,057,143 33 Oct-05 + THR 3,985,714 35,871,429 33 Oct-05 2,325,000 ### 70,746,429 34 Nov-05 1,992,857 33,878,571 34 Nov-05 2,325,000 ### 66,428,571 35 Dec-05 + Bonus 3,985,714 29,892,857 35 Dec-05 2,325,000 ### 60,117,857 36 Jan-06 1,992,857 27,900,000 36 Jan-06 2,325,000 ### 55,800,000 37 Feb-06 1,992,857 25,907,143 37 Feb-06 2,325,000 ### 51,482,143 38 Mar-06 1,992,857 23,914,286 38 Mar-06 2,325,000 ### 47,164,286 39 Apr-06 1,992,857 21,921,429 39 Apr-06 2,325,000 ### 42,846,429 40 May-06 1,992,857 19,928,571 40 May-06 2,325,000 ### 38,528,571 41 Jun-06 1,992,857 17,935,714 41 Jun-06 2,325,000 ### 34,210,714 42 Jul-06 1,992,857 15,942,857 42 Jul-06 2,325,000 ### 29,892,857 43 Aug-06 1,992,857 13,950,000 43 Aug-06 2,325,000 ### 25,575,000 44 Sep-06 1,992,857 11,957,143 44 Sep-06 2,325,000 9,300,000 21,257,143 45 Oct-06 + THR 3,985,714 7,971,429 45 Oct-06 2,325,000 6,975,000 14,946,429 46 Nov-06 1,992,857 5,978,571 46 Nov-06 2,325,000 4,650,000 10,628,571 47 Dec-06 + Bonus 3,985,714 1,992,857 47 Dec-06 2,325,000 2,325,000 4,317,857 48 Jan-07 1,992,857 (0) 48 Jan-07 2,325,000 - (0)

Jakarta, ……………….. 2003 PT. NMI, Employee,

Toru Hasegawa ………………..President Director …………………


PT NISSAN MOTOR INDONESIAName : Kanaka Locanawan Paid by Empl : Rp 98,812,500 Rank/ Dept : Sr. Manager/ Product Planning Installment/ mo: Rp 1,764,509 COP Period : March 2003 - February 2007 Paid by Company: Rp 98,812,500 Car : Terrano Grandroad-XTR G1 Subsidies / mon: Rp 2,058,594 COP Vehilce Pric : Rp197,625,000


98,812,500 ### ###1 Mar-03 1,764,509 97,047,991 1 Mar-03 2,058,594 ### ###2 Mar-03 1,764,509 95,283,482 2 Mar-03 2,058,594 ### ###3 Apr-03 1,764,509 93,518,973 3 Apr-03 2,058,594 ### ###4 May-03 1,764,509 91,754,464 4 May-03 2,058,594 ### ###5 Jun-03 1,764,509 89,989,955 5 Jun-03 2,058,594 ### ###6 Jul-03 1,764,509 88,225,446 6 Jul-03 2,058,594 ### ###7 Aug-03 1,764,509 86,460,937 7 Aug-03 2,058,594 ### ###8 Sep-03 1,764,509 84,696,429 8 Sep-03 2,058,594 ### ###9 Oct-03 1,764,509 82,931,920 9 Oct-03 2,058,594 ### ###10 Nov-03 + THR 3,529,018 79,402,902 10 Nov-03 2,058,594 ### ###11 Dec-03 + Bonus 3,529,018 75,873,884 11 Dec-03 2,058,594 ### ###12 Jan-04 1,764,509 74,109,375 12 Jan-04 2,058,594 ### ###13 Feb-04 1,764,509 72,344,866 13 Feb-04 2,058,594 ### ###14 Mar-04 1,764,509 70,580,357 14 Mar-04 2,058,594 ### ###15 Apr-04 1,764,509 68,815,848 15 Apr-04 2,058,594 ### ###16 May-04 1,764,509 67,051,339 16 May-04 2,058,594 ### ###17 Jun-04 1,764,509 65,286,830 17 Jun-04 2,058,594 ### ###18 Jul-04 1,764,509 63,522,321 18 Jul-04 2,058,594 ### ###19 Aug-04 1,764,509 61,757,812 19 Aug-04 2,058,594 ### ###20 Sep-04 1,764,509 59,993,304 20 Sep-04 2,058,594 ### ###21 Oct-04 1,764,509 58,228,795 21 Oct-04 2,058,594 ### ###22 Nov-04 + THR 3,529,018 54,699,777 22 Nov-04 2,058,594 ### ###23 Dec-04 + Bonus 3,529,018 51,170,759 23 Dec-04 2,058,594 ### ###24 Jan-05 1,764,509 49,406,250 24 Jan-05 2,058,594 ### 98,812,500 25 Feb-05 1,764,509 47,641,741 25 Feb-05 2,058,594 ### 94,989,397 26 Mar-05 1,764,509 45,877,232 26 Mar-05 2,058,594 ### 91,166,295 27 Apr-05 1,764,509 44,112,723 27 Apr-05 2,058,594 ### 87,343,192 28 May-05 1,764,509 42,348,214 28 May-05 2,058,594 ### 83,520,089 29 Jun-05 1,764,509 40,583,705 29 Jun-05 2,058,594 ### 79,696,987 30 Jul-05 1,764,509 38,819,196 30 Jul-05 2,058,594 ### 75,873,884 31 Aug-05 1,764,509 37,054,688 31 Aug-05 2,058,594 ### 72,050,781 32 Sep-05 1,764,509 35,290,179 32 Sep-05 2,058,594 ### 68,227,679 33 Oct-05 + THR 3,529,018 31,761,161 33 Oct-05 2,058,594 ### 62,640,067 34 Nov-05 1,764,509 29,996,652 34 Nov-05 2,058,594 ### 58,816,964 35 Dec-05 + Bonus 3,529,018 26,467,634 35 Dec-05 2,058,594 ### 53,229,353 36 Jan-06 1,764,509 24,703,125 36 Jan-06 2,058,594 ### 49,406,250 37 Feb-06 1,764,509 22,938,616 37 Feb-06 2,058,594 ### 45,583,147 38 Mar-06 1,764,509 21,174,107 38 Mar-06 2,058,594 ### 41,760,045 39 Apr-06 1,764,509 19,409,598 39 Apr-06 2,058,594 ### 37,936,942 40 May-06 1,764,509 17,645,089 40 May-06 2,058,594 ### 34,113,839 41 Jun-06 1,764,509 15,880,580 41 Jun-06 2,058,594 ### 30,290,737 42 Jul-06 1,764,509 14,116,071 42 Jul-06 2,058,594 ### 26,467,634 43 Aug-06 1,764,509 12,351,562 43 Aug-06 2,058,594 ### 22,644,531 44 Sep-06 1,764,509 10,587,054 44 Sep-06 2,058,594 8,234,375 18,821,429 45 Oct-06 + THR 3,529,018 7,058,036 45 Oct-06 2,058,594 6,175,781 13,233,817 46 Nov-06 1,764,509 5,293,527 46 Nov-06 2,058,594 4,117,188 9,410,714 47 Dec-06 + Bonus 3,529,018 1,764,509 47 Dec-06 2,058,594 2,058,594 3,823,103 48 Jan-07 1,764,509 - 48 Jan-07 2,058,594 - -




PT NISSAN MOTOR INDONESIAName : Andi Yurizal Paid by Empl : Rp 85,500,000 Rank/ Dept : Manager/ Accounting Dept Installment/ mo: Rp 1,526,786 COP Period : March 2003 - Februay 2007 Paid by Company: Rp 85,500,000 Car : Terrano Spirit Subsidies / mon: Rp 1,781,250 COP Vehicle Pri : Rp171,000,000


85,500,000 ### ###1 Mar-03 1,526,786 83,973,214 1 Mar-03 1,781,250 ### ###2 Mar-03 1,526,786 82,446,429 2 Mar-03 1,781,250 ### ###3 Apr-03 1,526,786 80,919,643 3 Apr-03 1,781,250 ### ###4 May-03 1,526,786 79,392,857 4 May-03 1,781,250 ### ###5 Jun-03 1,526,786 77,866,071 5 Jun-03 1,781,250 ### ###6 Jul-03 1,526,786 76,339,286 6 Jul-03 1,781,250 ### ###7 Aug-03 1,526,786 74,812,500 7 Aug-03 1,781,250 ### ###8 Sep-03 1,526,786 73,285,714 8 Sep-03 1,781,250 ### ###9 Oct-03 1,526,786 71,758,929 9 Oct-03 1,781,250 ### ###10 Nov-03 + THR 3,053,571 68,705,357 10 Nov-03 1,781,250 ### ###11 Dec-03 + Bonus 3,053,571 65,651,786 11 Dec-03 1,781,250 ### ###12 Jan-04 1,526,786 64,125,000 12 Jan-04 1,781,250 ### ###13 Feb-04 1,526,786 62,598,214 13 Feb-04 1,781,250 ### ###14 Mar-04 1,526,786 61,071,429 14 Mar-04 1,781,250 ### ###15 Apr-04 1,526,786 59,544,643 15 Apr-04 1,781,250 ### ###16 May-04 1,526,786 58,017,857 16 May-04 1,781,250 ### ###17 Jun-04 1,526,786 56,491,071 17 Jun-04 1,781,250 ### ###18 Jul-04 1,526,786 54,964,286 18 Jul-04 1,781,250 ### ###19 Aug-04 1,526,786 53,437,500 19 Aug-04 1,781,250 ### ###20 Sep-04 1,526,786 51,910,714 20 Sep-04 1,781,250 ### ###21 Oct-04 1,526,786 50,383,929 21 Oct-04 1,781,250 ### 98,477,679 22 Nov-04 + THR 3,053,571 47,330,357 22 Nov-04 1,781,250 ### 93,642,857 23 Dec-04 + Bonus 3,053,571 44,276,786 23 Dec-04 1,781,250 ### 88,808,036 24 Jan-05 1,526,786 42,750,000 24 Jan-05 1,781,250 ### 85,500,000 25 Feb-05 1,526,786 41,223,214 25 Feb-05 1,781,250 ### 82,191,964 26 Mar-05 1,526,786 39,696,429 26 Mar-05 1,781,250 ### 78,883,929 27 Apr-05 1,526,786 38,169,643 27 Apr-05 1,781,250 ### 75,575,893 28 May-05 1,526,786 36,642,857 28 May-05 1,781,250 ### 72,267,857 29 Jun-05 1,526,786 35,116,071 29 Jun-05 1,781,250 ### 68,959,821 30 Jul-05 1,526,786 33,589,286 30 Jul-05 1,781,250 ### 65,651,786 31 Aug-05 1,526,786 32,062,500 31 Aug-05 1,781,250 ### 62,343,750 32 Sep-05 1,526,786 30,535,714 32 Sep-05 1,781,250 ### 59,035,714 33 Oct-05 + THR 3,053,571 27,482,143 33 Oct-05 1,781,250 ### 54,200,893 34 Nov-05 1,526,786 25,955,357 34 Nov-05 1,781,250 ### 50,892,857 35 Dec-05 + Bonus 3,053,571 22,901,786 35 Dec-05 1,781,250 ### 46,058,036 36 Jan-06 1,526,786 21,375,000 36 Jan-06 1,781,250 ### 42,750,000 37 Feb-06 1,526,786 19,848,214 37 Feb-06 1,781,250 ### 39,441,964 38 Mar-06 1,526,786 18,321,429 38 Mar-06 1,781,250 ### 36,133,929 39 Apr-06 1,526,786 16,794,643 39 Apr-06 1,781,250 ### 32,825,893 40 May-06 1,526,786 15,267,857 40 May-06 1,781,250 ### 29,517,857 41 Jun-06 1,526,786 13,741,071 41 Jun-06 1,781,250 ### 26,209,821 42 Jul-06 1,526,786 12,214,286 42 Jul-06 1,781,250 ### 22,901,786 43 Aug-06 1,526,786 10,687,500 43 Aug-06 1,781,250 8,906,250 19,593,750 44 Sep-06 1,526,786 9,160,714 44 Sep-06 1,781,250 7,125,000 16,285,714 45 Oct-06 + THR 3,053,571 6,107,143 45 Oct-06 1,781,250 5,343,750 11,450,893 46 Nov-06 1,526,786 4,580,357 46 Nov-06 1,781,250 3,562,500 8,142,857 47 Dec-06 + Bonus 3,053,571 1,526,786 47 Dec-06 1,781,250 1,781,250 3,308,036 48 Jan-07 1,526,786 (0) 48 Jan-07 1,781,250 - (0)



NAME LISTMANAGER-UP LEVEL

Deputy Director General Manager Senior Manager Manager

1. Teddy Irawan (NS & Promo) 1. Sutrisno Lesmono (AS) 1. Kanaka Locanawan (PE) 1. Lies Sudianti (CS)2. Chetryana Gunardi (FinAcc & IT) 2. Ingi Kardangi (Prod) 2. Suhardiman (PdE)

3. Steve Ardianto (CPP & Proc) 3. Andy Yurizal (FA)4. Ronny Tjahjadi (SM) 4. Gde Agus (Prod. Eng)5. Iwan K (HRD-GA)

Documents

Cop Proposal Draft5