Item 8.01 Other Events

KinerjaPay Corp (OTCBB: KPAY), an Indonesian-based Delaware corporation engaged in e-commerce and digital payment services, among other businesses, today announced in a press release attached as Exhibit 99.1 hereto, a that the Company has signed a new Indonesian bituminous coal contract with a China Construction Investment Group (Ningbo) Trading Co., Ltd. for a contract to supply up to 2,000,000 Metric Tons (MT) in or about 12 weeks. The agreement with China Construction Investment Group (Ningbo) Trading Co., Ltd is attached as Exhibit 10.39 hereto.

As reported in the press release, the contract's unit price for the grade of Indonesian Bituminous Coal in bulk subject to the agreement is USD$51.50 /MT based upon present pricing, with an initial shipment quantity of 80,000 MT, representing a total shipment value for this initial shipment of approximately USD$4,120,000 with planned future orders and a delivery schedule on a bi-weekly basis. KinerjaPay expects to deliver the contract in full and, as a result, expects total gross revenues of up to USD$103 million in 2021(which estimate is dependent on the Coal Price Index throughout the year), from which the Company anticipates generating operating profits of approximately USD$10 million in 2021.

Item 9.01 Financial Statements and Exhibits

(b) The following documents are filed as exhibits to this current report on Form 8-K or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.





Exhibit No.   Description
10.39           Sales and Purchase Contract of Indonesian Coal dated December 2,
              2020, filed herewith.
99.1            Press Release dated December 14, 2020, filed herewith.

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