EXHIBIT 10.1
 
DEED OF SALE OF SHARES
 
Number : 01
 
DATED: June 1, 2013
 
-On the days indicated on the signature page hereto, the following appeared
before me, ROMEL JEFFERSON RAMBING, Bachelor of Law, a Notary in North Minahasa
Regency, North Sulawesi Province, in the presence of witnesses who are known to
me, the Notary, whose names shall be mentioned at the end of this deed:
 
I.
1.
Mrs. GRACE SOPHIA JUDY SARENDATU, Bachelor of Law, Private Employee, residing in
Kelurahan Sarongsong II Lingkungan III, Kecamatan Airmadidi, North Minahasa
Regency;

 
 
2.
Mrs. MASYE SOLUNG, born in Manado, on 11-05-1971 (eleventh day of May one
thousand nine hundred seventy one), Private Employee, residing in Desa Talawaan
Jaga IX, Kecamatan Talawaan, North Minahasa Regency.

 
 
3.
Mr. CARLO DANIEL MUAYA, born in Tondano, on 18-12-1956 (eighteenth day of
December one thousand nine hundred fifty six), Entrepreneur, residing in
Kelurahan Airmadidi Atas Lingkungan XII, Kecamatan Airmadidi, North Minahasa
Regency.

 
 
1

--------------------------------------------------------------------------------

 
 
-according to their statement in this case acting in their capacity respectively
and orderly as President Director, Director and Commissioner of the Limited
Liability Company PT. PUNCAK KALABAT, drawn up before me, the Notary, the
ratification of which is currently in process by the relevant competent
authority;
 
-with the Company Authorized Capital of 50,000 (fifty thousand) shares;
 
-hereinafter referred to as the “First Party”;
 
II.
Mr. NILS ANDREW OLLQUIST, born in Berlin, on 31-07-1956 (thirty-first day of
July one thousand nine hundred fifty-six), residing in Hong Kong;

 
-who is temporarily residing in North Minahasa Regency;
 
-hereinafter referred to as the SECOND PARTY;
 
-The appearers of the FIRST PARTY, according to their respective capacity
above-mentioned, first declared to me, the Notary, as follows:
 
-whereas, the limited liability company PT. PUNCAK KALABAT intends to increase
its status from domestic company to Foreign Investment Company;
 
 
2

--------------------------------------------------------------------------------

 
 
-whereas, in order to increase such status, a foreign capital in the company is
required.
 
-whereas, the appearer Mr. NILS ANDREW OLLQUIST intends to joint with the
limited liability company PT. PUNCAK KALABAT through an acquisition of shares in
the limited liability company PT. PUNCAK KALABAT amounting to 90% (Ninety
percent) of the total 45,000 (forty five thousand) shares from:
 
-Mrs. GRACE SOPHIA JUDY SARENDATU, Bachelor of Law, amounting to 37,500 (thirty
seven thousand five hundred) shares or representing 75% (seventy-five percent)
of the total capital of the Company;
 
-Mrs. MASYE SOLUNG, amounting to 2500 (two thousand and five hundred) shares, or
representing 5% (five percent) of the total capital of the Company;
 
-Mr. CARLO DANIEL MUAJA, amounting to 5,000 (five thousand) shares, or
representing 10% (ten percent) of the total capital of the Company.
 
-whereas, Board of Directors, at approval of the Commissioner of the Company,
has agreed and accepted with the joining of Mr. NILS ANDREW OLLQUIST with the
limited liability company PT. PUNCAK KALABAT with his position as President
Commissioner of the Company ;
 
 
3

--------------------------------------------------------------------------------

 
 
-As such, the shareholding and composition of the Board of Directors and Board
of Commissioners of the limited liability company PT. PUNCAK KALABAT become as
follows:
 
 
1.
Mrs. GRACE SOPHIA JUDY SARENDATU, Bachelor of Law, amounting to 2,500 (two
thousand and five hundred) shares or 5% (five percent) of the total capital in
the Company, with position as Director;

 
 
2.
Mrs. MASYE SOLUNG, amounting to 2,500 (two thousand and five hundred) shares or
5% (five percent) of the total capital in the Company, with position as
Commissioner;

 
 
3.
Mr. NILS ANDREW OLLQUIST, amounting to 45,000 (forty five thousand) shares or
90% (ninety percent) of the total capital in the Company, with position as
President Commissioner;

 
Further, pursuant to the foregoing, the Parties in their respective position
above-mentioned declared that:
 
-effective June 1, 2013, Mr. NILS ANDREW OLLQUIST has been lawfully joining with
the Company in his position as the President Commissioner of, and as the holder
of 90% (ninety percent) of the total shares in, the Limited Liability Company
PT. PUNCAK KALABAT and, as such, the appearer NILS ANDREW OLLQUIST is also
entitled to take resolutions and actions in the Company without any exception.
 
 
4

--------------------------------------------------------------------------------

 
 
-Whereas, as agreed by the Parties hereto, Mr. NILS ANDREW OLLQUIST will deliver
its shares in the Limited Liability Company PT. PUNCAK KALABAT to BORNEO
RESOURCES INVESTMENT LTD;
 
-whereas, the drafting of the temporary deed of amendment is made without
prejudice to the permissions from the competent authority;
 
-whereas, for the foregoing purposes, the Board of Directors and the Board of
Commissioners of the Company hereby authorized Mrs. GRACE SOPHIA JUDY SARENDATU,
Bachelor of Law, to take all actions necessary to increase the status of the
Company from domestic investment company to a foreign investment company, and
also authorize her to appear at Notary, competent officials and competent
agency, i.e. the Investment Coordinating Board (BKPM), to sign all
letters/documents and deeds necessary to achieve the purposes and objectives of
the Limited Liability Company PT. PUNCAK KALABAT in respect of its status change
from the domestic investment company to the foreign investment company;
 
With respect to this deed and all consequences and performance thereof, the
Parties hereto have agreed and accepted to elect the Clerk’s Office of the
District Court where the Company domiciles as their general and permanent legal
domicile.
 
 
5

--------------------------------------------------------------------------------

 
 
-The appearers hereby warrant the correctness of their identity based on their
identity cards presented to me, the Notary, and are fully responsible for the
same.
 
-further, the appearers declared that they acknowledged and understand well
anything contained hereunder.
 
-The appearers are known to me, the Notary.
 
IN WITNESS WHEREOF, THIS DEED,
 
-is drawn up as a minutes, read out and duly signed in Airmadidi on the day,
date, month, and year mentioned at the beginning of this deed, in the presence
of the following witnesses:
 
 
1.
Ms. ANGELIA RONDONUWU, Bachelor of Law, born in Manado, on 24-08-1987
(twenty-fourth day of August one thousand nine hundred eighty seven), residing
in Desa Watutumbu, Kecamatan Kalawat, Minahasa Regency;

 
 
2.
Ms. NURLISA SANUDIN, born in Tondano, on 26-08-1992 (twenty-sixth day of August
one thousand nine hundred ninety two), residing in Kelurahan Kampung Jawa,
Kecamatan Tondano Utara;

 
 
6

--------------------------------------------------------------------------------

 
 
-Both are staffs of my office, the Notary, serving as witnesses in this legal
case.
 
-Promptly after having been read out by me, the Notary to the appearers and the
witnesses, this Deed was signed by the appearers, the witnesses, and me, the
Notary.
 
-Executed with one change, i.e. one addition without deletion or replacement.
 
-The Minutes of this deed is duly signed.
 
-Issued as a true copy.
 

  NOTARY IN NORTH MINAHASA REGENCY       /s/ Romel Jefferson Rambing       ROMEL
JEFFERSON RAMBING, SH., MKn.

 
Mrs. GRACE SOPHIA JUDY SARENDATU
 

/s/ Grace Sophia Judy Sarendatu DATE:    June 1, 2013    

 
 
7

--------------------------------------------------------------------------------

 
 
Mrs. MASYE SOLUNG
 

/s/ Masye Solung DATE:    June 1, 2013    

 
Mr. CARLO DANIEL MUAYA
 

/s/ Carlo Daniel Muaya DATE:    June 10, 2013    

 
Mr. NILS ANDREW OLLQUIST
 

/s/ Nils Andrew Ollquist DATE:    June 10, 2013    

 
 
8

--------------------------------------------------------------------------------

 
 
RECEIPT
 
Mrs. GRACE SOPHIA JUDY SARENDATU, Mrs. MASYE SOLUNG and Mr. CARLO DANIEL MUAYA
(collectively, the “Sellers” and each individually, a “Seller”) hereby
acknowledge receipt of IDR 45,000,000 in cash from Mr. NILS ANDREW OLLQUIST (the
“Purchaser”) which represents payment of the purchase price for 45,000 shares of
PT. Puncak Kalabat, a limited liability company organized in Indonesia, pursuant
to the Deed of Sale of Shares, dated June 1, 2013, by and among the Sellers and
the Purchasers.
 
Dated: June 1, 2013
 

Sellers:
Mrs. GRACE SOPHIA JUDY SARENDATU.
           
By:
/s/ Grace Sophia Judy Sarendatu                     Mrs. MASYE SOLUNG          
 
By:
/s/ Masye Solung                     Mr. CARLO DANIEL MUAYA            
By:
/s/ Carlo Daniel Muaya                   PURCHASER: Mr. NILS ANDREW OLLQUIST    
       
By:
/s/ Nils Andrew Ollquist
 

 
 
 
 
9

--------------------------------------------------------------------------------