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ETHIS

FACT SHEET

Temporary Container Terminals 2 PROJECT

Disclaimer

This prospectus and the contents herein do not constitute as any financial advice, investment advice or solicitation for the purposes of making financial investments or real estate transactions in Singapore or other territories. Ethis Pte. Ltd. is a firm specialising in the matching of opportunities to those who register themselves as members on the Ethis Crowd platform. With regard to these opportuni­ties, the need and onus to do due diligence lies squarely with our members as we do not profess to advise on the same. All dealings and

transactions are directly with the businesses, project owners or authorized agents we refer to our members.

Ethis Pte. Ltd. is not registered under the Securities & Futures Act of Singapore or the Financial Advisor's Act under the Monetary Authority of Singapore and thus cannot solicit and manage funds from the public. In relation to real estate transactions, we state that we are not and do not carry out the business of estate agencies nor do we act as estate agents for our members. Where necessary

and relevant, we may match our members to estate agents and professionals in the relevant jurisdiction where there may be potentially good returns. This is part of the services provided to Ethis Crowd members in our role as introducers and

business-matching specialists. Ethis Crowd members may also be offered Real Estate opportunities in Indonesia by PT Ethis lndo Asia, which is a Singapore-owned Real Estate Development and Investment company registered and

licensed in Indonesia.

TABLE OF CONTENTS

MARKET INFORMATION 3

MARKET OVERVIEW 3 SWOT ANALYSIS 3

INVESTOR PAYOUT & EXIT STRATEGY 4

LEGALITY 5

RISK PROFILE 5-6

TIME FRAME AND DELAY 5 EXCHANGE RATE 5 MARKET RISKS 6

COMPANY PROFILE 6

APPENDIX A – LEGAL DOCUMENTS 7 APPENDIX B – PROJECT LOCATION 11 APPENDIX C – PROJECT IMAGES 12

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1. MARKET INFORMATION

Market OverviewTanjung Priok is the biggest container port in Indonesia. As part of enhancing the country’s infrastructure, the government aims to increase the port’s holding capacity from 5 million containers at one time to 14 million containers by 2023. In order achieve this, President Joko Widodo has approved a new regulation that lowers the dwelling period of containers at the port from 8 days to only 4.5 days.

Under the new regulations, companies who want to extend the dwelling time of their containers at the port will have to park their containers at Temporary Container Terminals (TCT) in the area, resulting in a sudden surge in the demand for TCTs. TCTs in good location are in ever higher demand, and the one acquired by PT Adi Ageng Abadi is located just 200 meters away from the main port.

SWOT Analysis In order to thoroughly assess the project, an overview of its strength, weaknesses, opportunities and threats should be explicated.

STRENGTH WEAKNESS

● Biggest Port in Indonesia, servingabout 70% of the country'sinternationally traded goods.

● Tanjung Priok Port is Indonesia’slargest international containerterminal, with container trafficincreasing by 160% from 2010 to2015.

● The Indonesian Port Corporation's(IPC) expansion project will expandthe port by adding seven newterminals and two product terminals,increasing the port's containerhandling capacity to 18 milliontwenty-foot equivalent units (TEUs).

● Due to increased maritime activity,here is a bottleneck issue in TanjungPriok. There is a long waiting time tounload cargo containers.

● There is insufficient space to cater tothe ever-increasing demand forcontainer terminals. For example, themaximum capacity of the port is 5million TEUs, but it handled 5.9million TEUs in 2013.

● The dwell time for Tanjung Port isthree times higher than Singapore andalmost double that of Tanjung Lepasin Malaysia

OPPORTUNITY THREATS

● Amendment of law shipping in 2008which allows private sector to

● Regulation which may adverselyaffect demand for TCT space such asincreasing the dwelling time of

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participate as terminal operator.

● Escalating demand for TCT portfacilities due to the reduction ofdwelling time of containers on themain port.

● Indonesian government has initiated apolicy to increase the port's capacityby 2020.

● The government agencies focused onthe Maritime industry is activelyfostering private-sector involvementto encourage more developments andenhancements towards Tanjung Priok.

containers on the main port.

● Major delays in the expansionprojects due to natural disaster oradverse weather

2. INVESTOR PAYOUT & EXIT STRATEGY

The total investment required to complete the 2nd phase of takeover of the TCT facility is SGD

92,300. The crowdfunded investments will be channeled to cover basic costs, which includes:● Renovation● Overhead expenses● Facility rental● Annual insurance, and● Maintenance

PROJECT DETAILS INDICATORS

Project Duration 24-27 months

Profit sharing Ratio (PSR) 15%

Equivalent Projected Return On Investment (ROI) 30%-34%

Minimum Investment SGD 2,000.00

EthisCrowd investors will be given a PSR of 15% from the Gross Profit of the second year of PT A3's operations. The Gross Profit will be divided according to the PSR based on each investor’s individual capital contribution amount. Payouts will be given in a lump sum at the end of the project Duration (24-27 months).

First-time investors are given the flexibility to start investing with only SGD 250. Those who invest more than SGD 30,000 will be entitled to a Profit Sharing Ratio bonus of 2%. Projected

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profits for investors will come from the rental fees received by PT Adi Ageng Abadi from the management of the TCT facility. The projected profits are conservative, and derived on a price-strategy based on today’s market.

3. LEGALITY

PT Ethis has also studied the commercial viability of this project in line with our internal screening standards. PT Ethis has independently verified all the documents issued by PT AIRIN (Indonesian Air and Marine supply, a subsidiary of the port authority) (http://airin.co.id/en/home/) including:

a) MOU between PT AIRIN and PT Adi Ageng Abadi where PT Adi Ageng Abadi is appointed as the new tenant,

b) letter of cancellation of PT DMK’s contract (the previous tenant)c) other relevant documents

EthisCrowd investors are encouraged to conduct their own evaluation of this campaign, and to diversify crowd-investments into multiple projects.

Agreements between PT Adi Ageng Abadi and PT Ethis are drafted in accordance to Singapore law. Investors will sign Mudharabah profit sharing agreements directly with PT Adi Ageng Abadi (PT A3).

NOTE: Investors through their investment do not own any portion of the TCT facility acquired by PT Adi Ageng Abadi (PT A3).

4. RISK PROFILE

The TCT facility is fully functional. Employees are ready to start as soon as the operations kick off. PT Adi Ageng Abadi has already successfully signed a contract with a shipping company to rent 60% of the space of the TCT facility.

Time Frame and Delay

PT Adi Ageng Abadi will need to process the license to operate, which is expected to be obtained in March 2017. Any delays in the issuance of this license will also delay the projected time-frame. PT A3 has forecasted a repayment period of 24-27 months. The timeline projected includes a 3 month-buffer period to cater for unforeseen delays.

Exchange Rate

Investors will invest and obtain payouts in SGD, USD, EUR or other approved investment currencies. The Mudharabah agreement for this campaign however will be denominated in Indonesian Rupiah (IDR) since it is the actual currency the project will use for operations. After investments in the approved investment currencies are received, PT Ethis will convert them to

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IDR using Ethis exchange rates. Investors are protected from negative currency fluctuations of the IDR by a guarantee (Wa'd) from PT Ethis Indo Asia. This company’s guarantee ensures investors that in the event of negative fluctuations in the value of the Indonesian Rupiah (IDR) during the period of investment, PT Ethis Indo Asia will allocate funds to absorb any loss in the value of the IDR and adjust the rate of investment currencies at the time of payouts to be equal to the established Ethis exchange rates set at the time of investment (e.g. SGD1=IDR 9,100 , USD1=IDR 12,900 and EUR1=IDR 13,800). Therefore, investors will enter and exit their investments in SGD, USD, EUR or other approved investment currencies at the fixed Ethis exchange rate.

The investors also bear exchange charges and remittance fees when transferring their investments. Remittance fees for payouts will be covered by PT Adi Ageng Abadi.

Market Risks

Due to the new regulation of increasing the efficiency of the port, our analysis is that the market is expected to grow and expand. Unforeseen risks such as recession, political instability, and natural disaster may affect the project.

5. COMPANY PROFILE

Founded in 2002 by Mr. Fihfi Alfhian, PT Adi Ageng Abadi is a licensed transportation management services company with headquarters in Jakarta and main office in Tanjung Priok, Indonesia.

Guided by the company’s spirit: “We are the right partner to provide the best services”, the company has established a good reputation in the maritime industry in Indonesia and succeeded in attracting local and international business partners.

The core business of the company is providing maritime services including: loading and unloading containers and cargo, CCTV installation, IT solutions, and security services. The company adheres to the highest international standards that prioritizes safety and integrity of goods stored in TCT facilities.

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APPENDIX A Legal Documents

7

BIIUTAACARA P'EMUYAlltAN UANG MUKA KEA JASAMA

PENGELOLAAN U."ANGAN PENUMPUlllAN PETIKEMASANTAM ..,., AIRIN DAN PT. ADI AGIENG ABADI

bul n Nove bet tat\un Du.a d1buat nta a Pemba ran Uang H

._,..,..,,u.,n P numpukan Pe emas <ll'lt.lr.t PT. AIRJ da PT. 1 "llertta �ra·) ol h d.an antara:

m Bela.s er;asaa

Ad A 9

I. PT. lNDONESIAN ADI 6 MARINE SUPPLY (MRIN}, suatu perusa n yang d d1rlun menu h um dan Uodang-Undang egara

, n , beral mal d1 Jalan 01 nong Raya No. 3.3 G 119 Ja rt.I 14110, d 1.5,n h I ini d wakl!I ole RUDOLF VALINnNO. sea Dttk. r,

nva sah beftJndak un k <Ian atas ma PT. CNDO ESIA .t.IR N SUPPL , untu setaojutnya dalam Serita Acara irM �sebut ·Pih•k

Piertema·.

IL "· ADI AGENG AIIADL suatu perusahaan perseroa terbittas yang aid, an nunrt l\u um dan Uodan9-Unda g Negara Repu lnoonesia, be lamat dl n No. 20-22 Jakarta Utara 14320, dal m ha toi d ·r DENY

DEWAN DARU se&aku Olrclctur, dari dan oleh k.trenanya sah bertinda untu Gan 1 oama PT. ADI AGENG AeADI. un uk Jutnya dalam Belita Acara lnl

d '"Plllalr ICedue•.

dan berdas.,rtuv, dokumen-dokumen sebaga benkut :t. Surat l'lhalc Kedua o. 088/DIRJAMIX/2016 t.nggat 25 Oktober 2016 penhal

Pcrmohona menjadi Mitra �nge� Lapangan Penumpuka Cont211r¥r. 2. S ptllak Kedua No. 197/IMS-8/X/2016 tertanggat 27 Oktober 2016 perihal

�'ffl(]�"-'TI men�, Mitra Penpelola Lapangan � mpukan ConGJiner. J. lefl Rapat hra Plhak tenanggar 28 OlctDber 2016.

Oengan Plhak Pertama dll.n Pita• Kedua �kat untl,k membua Serita Acara,ben ut:

PER.TAMA : Plhak Kedua sepakat membayar uang muka kerjasama sebesar Rp 720.000.000,- (tujuh ratus dua puluh juta rupiah) d�an c.ara angsuran 2 (dua) kali, 0 Rp 360.000.000,- (Uga ratus en.am puluh juta rupiah).

ICEOUA � Kadua sepakat membayar angsuran pertama uang muka �ma sebesar Rp 360.000.000,- {tlga raws enam puluh jura n,piM'I} seteW1 Berita Aalra clt.andatangam.

ICETIGA Pen�an angsuran kedua uang muca 5ebesar � 360.000.000,. (tiga ratus enam puluh juta rupiah) akan dbyar setelah ijin TPS dlbertkan atau pa Ing i.mbet illdlir � 2016 (kalender kerja).�#

Pa�lc Pert.am.a PT. lNDONESJAH AIR a, HARJNf SUPPLY

'" ot • P hal, P�rt..am.a d,m Pihalcd c,�� l).)(ld a-,111 Be ta Ar..a r

'>e< u� u;n .s y "9 .JS1ng-m.:1s,ng un� Plhal, Pe�ma d.a �

Pihalc K�ua PT. ADI AGCNG A&AOI

DENY DEWAN DARU D,rkn.r

8

Hdr I / l,)rlf:l9• I W.aiktu lr-mp;it

Matu1 Pimp,ncm raP<3t i;J • if�rt;i

NOTUlEN RAPAT

Jumal, 28 Oktober 2016 10.00 VilIB - setesai Ruang Rapat PT. AIRJN KerJasama denc an PT. Adi Ageng Abadi ManaJer Pemasaran PT. AIRJN Daft.ar terlampir

.:, fl.apat dlbuka pukul 10.40 WIB oleh Manajer Pemasaran PT. AIRIN, Bpk. Soekirno Siswadi. •:, Materi rapat mengacu kepada surat PT. Adi Ageng Abadi (A3) No. 088/DIR./AAA/X/2016 tanggal

25 Oktober 2016 penhal Permohonan menjadi Mitra Pengelola Lapangan Penumpukiln Container.

•:· L.apangan 'tang akan dikerjasamakan adalah lapangan eks PT. Dwipa Manunggar Kontena (DMK), yang sampai dengan berakhimya kerjasama tidak dapat menyelesaikan kewafibannya.

-:· Kerjasama dengan PT. AJ nantinya akan melanjutkan pemanfaatan lapangan eks PT. DMK, dan PT. A3 diwajibkan untuk membayar d1 muka sebesar 2 (dua) bulan x Rp 360.000.000,- (tiga ratus enam puluh juta rupiah}.

,:. PT. A3 ber-Sedla membayar 1 (satu} bulan dari kewajiban 2 (dua) bulan pertama, yaitu Rp 360.000.000,-.

·=· PT. A3 berkomitmen untuk membayar kewajibannya secara continuous (berl<elanjutan) sesuaikontrak kel)asama 7 pembayaran kewajiban tahap kedua akan dilaksanakan setelah perijinan TPS selesai diproses, yang dibutuhkan waktu ± 2 minggu at'lu selambat-lambatnya 1.5 bulan.

•:, Apabila tidak tercapainya perijinan TPS Bea Cukai, PT. A3 akan menggunakan lahan tersebut sebagai lapangan cargo umum.

••• Seluruh bahasan dalam rapat akan menjadi bahan pert1mbangan Direksi PT. AIRIN untuk memutuskan langkah selanjutnya.

•:• Rapat ditutup pukul 1 l. 10 WJB.

Jakarta, 28 Oktober 2016

y,Soekirno SiswadiManajer Pemasaran

PT. ADI AGENG ABADI,

?� Deny Dewan Daru Direktur

I + o t � '" •

. .. . ... . . .

9

P.r.BlrlnINDONESIAH A'IR & MARINE SUPPLY Conr�,,nor Depot & W•rehouJ•

Hornor:/ jjo /l s-il{X/2016

Ki Yth. PLT. Dbektur PT. DWIPA MANUHGGAL KONl'ENA JI. Slndang uut No. 102 Ollnclng -Tanjong Prlok 14UO

Up. Bpk. SYAFlU NURSAl

Penha! : Pe_mutusan Sura

Denoan hofmat,

Sellubun,oa d nga �u1ra 1Per)<lnrian Ker)asa� (SPtC) o. ff.JS/

,PBU/2016 I rta11Q9al 15 Februiln 2016 09 p,--.,�-<:'-'"1 (TPS) Kan or Pdayan.an & Cu 1 d mpa1�n:

).

2.

N;J· n -� m

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b.

c ..

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v

10

APPENDIX B Project Location

11

APPENDIX C Project Images

12