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CHAPTER III
                       RECRUITMENT AND PLACEMENT OF EMPLOYEES
                                         Article 9
                          Employee Recruitment and Work Relation

              1.  Employee Recruitment is right and authority of the Management
                 according to the needs of the Bank.

              2.  The general requirements for Employees shall be:
                 a.  Indonesian citizen.
                 b.  Age minimum 18 years old.
                 c.  Physically and mentally sound.
                 d.  Proper conduct and behavior.
                 e.  Not involve in any activity prohibited by the Government of
                     the Republic of Indonesia.
                 f.  Qualified for the job requirements and passed the selection
                     test conducted by the Bank.
                 g.  Has no  relative or  family relationship  with  the  existing
                     Employees.
                     The term “relative” or “family relation” shall be restricted to
                     husband/wife and because of blood relations directly, i.e.
                     father/mother, and siblings and in-laws.
                 h.  In the event of a marriage between two employees, the
                     Management shall discuss the termination of the
                     employment relationship with one of the employees no later
                     than 1 (one) month after the  date of the marriage. This
                     procedures is regulated further in BMI  CLA Chapter XII
                     regarding Termination of Employment article 58 and 59.

              3.  Probation Period
                 a.  Prospective Employee is required to undergo a probation
                     period maximum 3 months.
                 b.  Management is obliged to notify in writing the existence and
                     duration of probation to prospective Employee.
                 c.  The Employee's Department Head in the probation period is
                     required  to  conduct  an  evaluation and  supervision  for the

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