SAUDI ARABIAN SAIPEM CO.LTD.

Capital SAR 5,000,000 Fully Paid

C.R. No. 2051002660
P.O. Box 31770 Al Khobar 31952
Kingdom of Saudi Arabia
Tel.: (+966)13 882 8737
Fax : (+966)13 882 4131

PROMECH - PROFESSIONAL MECHANICAL

REPAIR SERVICES CO. LTD
PO BOX 9
Dammam AL KHOBAR 31952
16.12.2020 SAUDI ARABIA

Contract No. 1340146 Vendor code : 112334

Tel. No. : +966038473232
Telefax No. : +966038473131
E-mail address : info@promech.com.sa

Our reference: Contract No. 1340146 (Reference to be quoted in any correspondence)

Subject:
REPAIR OF SUCTION MODULE

(QT REF: Q03944)

Job : 084289 Proc. Dept. : I2 PD - SAUDI DRON

SAOC RIG 5868 OPERATION Procurem.Office : I2A DRILL. ON-M/S-SAUDI
CONTRACT Buyer : II0 Ali AlBasha
Requesting Center : 84012 E-mail address : Ali.AlBasha@saipem.com
WAREHOUSE (STORE)

For internal use

Ref.PR: 11683073
Scheduled Commencement Date: 05.11.2020
Scheduled Completion Date: 05.12.2020
E-mail address for PDF sending:
Ali.Albasha@saipem.com
Mohamed.Khan@promech.com.sa
Asad.Mohammad@saipem.com
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Base Amount 8,500.00 SAR

(eight thousand five hundred)
Maximum Amount 8,500.00 SAR
(eight thousand five hundred)
________________________________________________________________________________________________________

________________________________________________________________________________________________________

"We hereby award you the present Contract for the provisions as outlined under subject, that you undertake to execute in
accordance with the terms and conditions as set out herein below.
This Contract, together with the unconditional acceptance hereto, constitutes the entire and only agreement between
Contractor and Subcontractor relating to the provisions as described herein, and supersede any other previous
representation, whether expressed, oral or implied, or any inducement or agreement of any kind or nature.
Any modifications to the terms and conditions of this Contract shall be issued in writing by the Contractor and shall
only be valid upon written acceptance."
________________________________________________________________________________________________________

CONTRACTOR: SAUDI ARABIAN SAIPEM CO. LTD., a company established and existing under the laws of
Kingdom of Saudi Arabia, with Commercial Registration No. 2051002660, having its registered address in Al Khobar,
and P.O. Box 31770 Al-Khobar 31952.

SUB-CONTRACTOR: PROMECH - PROFESSIONAL MECHANICAL, a company established and existing under

the laws of SAUDI ARABIA, with registered head office inPO BOX 9 - 31952 AL KHOBAR - SAUDI ARABIA.

ART. 1 * SERVICE CONTRACT DOCUMENTS AND PRIORITY

1 .1 The SERVICE CONTRACT DOCUMENTS constitute the entire agreement between the PARTIES with respect to
the SERVICE and supersede all prior negotiations, representations and/or agreements, either written or oral, between or
amongst the PARTIES with respect thereto.

1 .2 No amendments to or modifications of any terms or conditions of the SERVICE CONTRACT DOCUMENTS

shall be valid unless made in writing and signed by both PARTIES.

1 .3 The SERVICE CONTRACT DOCUMENTS are complementary to each other and consist of the following
documents, binding on both PARTIES. In case of inconsistency or conflicts, each document shall prevail over the others
in the order set forth here below:

- The present SERVICE CONTRACT 1340146 Rev.00, thereto and the Attachments listed hereunder in Clause 1.4;
- Scope of Service; Repair of Suction Module
- General Terms and Conditions for SERVICE CONTRACT DOCUMENTS - High Complexity # Doc.
SPC_GR-GROUP-SC-PRO_GTC-211-E-R01 (hereinafter referred to as the "General Terms and Conditions" or
"GTCs");
- Quality Requirements for Sub-Contractor (SERVICES) SPC-DN-SCTDON-QUA-001-E Rev. 01 dated 10/01/2018.
- HSE Requirements for Sub Contractors: SPC-COR-HSE-002-E rev. 03 dated 10/12/13;
- Saipem Corporate Sustainability Policy, available at the following website:
http://www.saipem.com/site/Home/Sustainability.html
- OM&C Model (includes the Code of Ethics);

1 .4 The Attachments to the present SERVICE CONTRACT are the following:

- Attachment 1 - Letter of Acceptance;

- Attachment 2 - In-Kingdom Total Value Add (IKTVA) and Saudization Terms and Conditions.
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ART. 2 * ACCEPTANCE

Within 5 (five) days of receipt of the SERVICE CONTRACT issued by CONTRACTOR, SUB-CONTRACTOR shall
complete, sign and return to CONTRACTOR the Letter of Acceptance, attached to the SERVICE CONTRACT,
together with other documents therein specified.

ART. 3 * SCOPE OF THE SERVICE CONTRACT DOCUMENTS

SUB-CONTRACTOR shall perform, carry out and provide to CONTRACTOR the SERVICE as described in the Scope
of SERVICE, in accordance with the SERVICE CONTRACT DOCUMENTS.

ART. 4 * EFFECTIVE DATE

The EFFECTIVE DATE of the SERVICE CONTRACT DOCUMENTS is the earliest to occur amongst: i) five (5) days
after the date indicated on SERVICE CONTRACT first page; ii) the date of signature of the Letter of Acceptance by
SUB-CONTRACTOR.

ART. 5 * COMMENCEMENT AND COMPLETION DATE

The COMMENCEMENT DATE on which SUB-CONTRACTOR commence to perform the SERVICE is 05.11.2020.
The COMPLETION DATE within which SUB-CONTRACTOR shall complete the performance of the SERVICE is
05.12.2020.

ART. 6 * FREE ISSUED ITEMS

With reference to the Clause 6 "FREE ISSUED ITEMS" of the General Terms and Conditions.
The FREE ISSUED ITEMS shall be delivered at SUB-CONTRACTOR premises: PROMECH - Professional
Mechanical Repair Services Co. Ltd.
SUB-CONTRACTOR shall notify CONTRACTOR of any shortfall, defects, damage or breakdown within Ten (10)
Days from the date of receipt of Equipments and/or materials provided by CONTRACTOR.
List of ITEMs;
- Suction Module

ART. 7 * INSPECTION AND TESTING

With reference to the Clause 44 "INSPECTION AND TESTING" of the General Terms and Conditions, this clause is
considered not applicable.

ART. 8 * LIQUIDATED DAMAGES

With reference to the Clause 11 "LIQUIDATED DAMAGES# of the General Terms and Conditions, this clause is
considered not applicable.

ART. 9 * WARRANTIES

9.1 With reference to Clause 12 "WARRANTIES" of the General Terms and Conditions, the Warranty Period shall be
six (6) months from the acceptance of the SERVICE.

9.2 The Warranty Period for the re-performed or replaced SERVICE shall be extended for six (6) months from the date
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when the reperformance or replacement of defective SERVICE or part of it, is completed and accepted.

ART. 10 * TAXES

The TOTAL SERVICE CONTRACT AMOUNT shall be inclusive of all taxes, except for the Value Added Tax, or the
Gross Sale Tax, or any similar indirect tax that, where applicable, shall be indicated separately.

ART. 11 * PRICING

11 .1: Price(s) shall be as set out hereunder;

11 .2 The TOTAL SERVICE CONTRACT AMOUNT of Eight Thousand Five Hundred Saudi Riyals (SAR 8,500.00)
only.

________________________________________________________________________________________________________
Item Description Quantity UM Unit Amount
Price
SAR SAR
________________________________________________________________________________________________________
1 MAINTENANCE OF DRILLING ACCESORIES
W/O#100360-1-2

REPAIR OF SUCTION MODULE 1 EA 8,500.00 8,500.00

15.5" X 16" X 16.5"
MAKER & MODEL: LTI

SCOPE OF WORK:
INTERNALLY WASH OUT, LEAKING-REPAIR
________________________________________________________________________________________________________
________________________________________________________________________________________________________

ART. 12 * INVOICING

12 .1 With reference to Clause 16 "INVOICING AND PAYMENT# of the General Terms and Conditions, the
SERVICE shall be invoiced as follows:

Upon the fulfillment of relevant contractual obligations by SUB-CONTRACTOR, SUB-CONTRACTOR shall issue for
verification and acceptance to CONTRACTOR#s Representative (copy to be transmitted via e-mail in .pdf format)
pro-forma invoice(s) for each of the invoice(s) relevant to SERVICE, along with the back-up documentation agreed by
the PARTIES, such as SERVICE progress status, certificates and approved site timesheets. [documentation list to be
adjusted/completed where necessary on a case by case basis].

Upon verification and acceptance by CONTRACTOR#s Representative of the pro-forma invoice(s) and relevant
back-up documentation, the pro-forma invoice shall be approved and a Progress Report shall be issued by
CONTRACTOR confirming the relevant value is released for payment and entitling SUB-CONTRACTOR to invoice
accordingly. The Progress Report is the official document issued by CONTRACTOR, which certifies the progress of the
SERVICE rendered by SUB-CONTRACTOR.

The invoice(s) shall be issued after completion of the SERVICE and fulfilment of any and all the above steps shall
constitute a condition precedent to SUB-CONTRACTOR issuing invoices for the SERVICE and CONTRACTOR
paying in accordance with the payment terms.
As minimum, any and all SUB-CONTRACTOR#s invoice(s) shall make reference to this SERVICE CONTRACT No.
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and to the relevant Progress Report(s) No.

The invoice(s) shall be accompanied with copy of relevant Progress Report(s) issued by CONTRACTOR and shall be
addressed as follows:
SAUDI ARABIAN SAIPEM CO. LTD.
King Fahad Int#l Airport Road, 91 Street
P.O. Box 30251, Dammam
Kingdom of Saudi Arabia

12 .2 Advance Payment [Not Applicable]

ART. 13 * PAYMENT

13.1 All payments to SUB-CONTRACTOR for the SERVICE shall be made within 30 (Thirty) Days from receipt of
correctly prepared and adequately supported invoice(s).
13 .2 Fulfillment of any and all the steps described in Clause 12 "INVOICING# here above shall constitute a condition
precedent to SUB-CONTRACTOR#s entitlement to issue invoices for the SERVICE and CONTRACTOR#s obligation
to pay in accordance with payment terms.

13 .3 Currency: SUB-CONTRACTOR's invoices shall be issued and paid in SAR currency.

13 .4 Retention Money [Not applicable]
13 .5 Flow Traceability [Not applicable]

ART. 14 * PARENT COMPANY GUARANTEE AND BANK GUARANTEES

With reference to the Clause 17 "PARENT COMPANY GUARANTEE AND BANK GUARANTEES# this clause is
considered not applicable.

ART. 15 * LIMITATION OF LIABILITY

With reference to the Clause 24 "LIMITATION OF LIABILITES# of the General Terms and Conditions,
SUB-CONTRACTOR's liability towards CONTRACTOR under or in connection with the SERVICE CONTRACT
DOCUMENTS shall be limited to 100 % (Hundred percent) of the TOTAL SERVICE CONTRACT AMOUNT.

ART. 16 * INSURANCE REQUIREMENTS

SUB-CONTRACTOR shall obtain and maintain throughout the duration of the SERVICE CONTRACT DOCUMENTS
the insurance coverage as provided in Clause 25 "INSURANCE REQUIREMENTS" of the General Terms and
Conditions and shall provide a copy of Insurance policies with maximum coverage for any damages occurred for the
third party property as follows:

16 .1. Employer's Liability Insurance with a limit per occurrence of not less than SAR 7,500,000.00;

16 .2. General Third Party Liability Insurance with a limit per occurrence of not less than SAR 7,500,000.00;

16 .3. Professional Liability Insurance with a limit per occurrence of not less than SAR 7,500,000.00.

ART. 17 * REPRESENTATIVES

17 .1 Prior to the commencement of the SERVICE, CONTRACTOR shall designate in writing its Representative in all
matters related to the SERVICE CONTRACT DOCUMENTS, to supervise the management of the SERVICE
CONTRACT DOCUMENTS including the issuance and receipt of communications from SUB-CONTRACTOR.
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17 .2 All communications given by CONTRACTOR's Representative to SUB-CONTRACTOR in accordance with the

SERVICE CONTRACT DOCUMENTS shall be binding upon CONTRACTOR.

17 .3 Prior to the commencement of the SERVICE and in no case later than 5 (five) days form the EFFECTIVE DATE,
SUB-CONTRACTOR shall designate in writing an experienced SUB-CONTRACTOR's Representative who shall be
fully knowledgeable in all aspects of the SERVICE CONTRACT DOCUMENTS and the SERVICE, and shall have full
charge of all operations of SUB-CONTRACTOR in respect of the SERVICE, and full authority to represent
SUB-CONTRACTOR in all matters related to the performance of the SERVICE CONTRACT DOCUMENTS.
All communications given to SUB-CONTRACTOR's Representative by CONTRACTOR in accordance with the
SERVICE CONTRACT DOCUMENTS shall be binding upon SUB-CONTRACTOR.

17 .4 SUB-CONTRACTOR Representative must be fully aware of all aspects relating to the management of the contract
and the service and shall have the full and exclusive coordination of its personnel and/or self-employed and/or seconded
workers, used by the Sub Contractor in the service. Such SUB-CONTRACTOR Representative shall be present at the
CONTRACTOR#s SITE whenever the SERVICE is provided in its side/premises.

ART. 18 * CORRESPONDENCE - NOTICES - LANGUAGES

All written correspondence or documents generated under and/or in connection with the SERVICE CONTRACT
DOCUMENTS shall quote the following:
SERVICE CONTRACT number and initials;
FINAL DESTINATION; and
name of the PROJECT, where applicable.
Correspondence and notices shall be delivered to the following addresses:

CONTRACTOR:
Saudi Arabian Saipem Co. Ltd.
P.O. Box 31770, Al-Khobar 31952
Attn: Mr. Vincenzo Bille#/ Mr. Franco Solari (Drilling Operation Manager)
Tel: +966 13 807 8203
Mob: +966 55 998 3866
E-mail: Vincenzo.Bille@saipem.com/Franco.Solari@saipem.com

Technical Department
Contact Person: Mr. Mohammad Asad
E-mail: Asad.Mohammad@saipem.com

Accounts Payable Department

Contact Person: Lambert Angeles
Tel: +966 13 882 8737
Email: Lambert.Angeles@saipem.com

In addition, in case of correspondence relevant to commercial issues the notice shall also be addressed to:
Mr. Andrea Casati - Procurement Manager
Tel: +3907211682594
E-mail: andrea.casati@saipem.com

SUB-CONTRACTOR:
PROMECH - PROFESSIONAL MECHANICAL.
PO BOX 9 - 31952
AL KHOBAR - SAUDI ARABIA.
Mr.: Mohammad Khan
Mob: +966 590 004 598
E-mail: Mohamed.Khan@promech.com.sa
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All notices to be given with respect to the SERVICE CONTRACT DOCUMENTS shall be considered valid only if sent
from CONTRACTOR's Representative to SUB-CONTRACTOR's Representative, and vice versa. Such notices shall be
delivered personally or sent by registered or certified mail, return receipt requested, or by facsimile, or other form of
telecommunication. The addresses of notice, and the references of the relevant Representative for CONTRACTOR and
SUB-CONTRACTOR shall be specified in the SERVICE CONTRACT. Such notices shall be effective as from the date
of receipt thereof.
Either PARTY may change the address, and the references of its Representative by giving at least 15 (fifteen) days prior
notice to the other PARTY.
The English language shall be used by the PARTIES in all correspondence and documents (including without limitation
all SUB-CONTRACTOR DOCUMENTS) prepared or exchanged hereunder or related hereto.
 ATTACHMENT 1 - LETTER OF ACCEPTANCE

(Vendor's Stamp)

SAUDI ARABIAN SAIPEM

Proc. Dept.: PD - SAUDI DRON
Office: DRILL. ON-M/S-SAUDI
P.O. Box 31770 Al-Khobar 31952
KINGDOM OF SAUDI ARABIA
Tel: +966 3 8828737
Fax: +966 3 8493796

For the attention of Mr/s: Ali AlBasha

Date:

Subject: Contract No. 1340146 dated 16.12.2020

________________________________________________________________________________________________________

We hereby confirm our full acceptance of the WORK / SERVICE CONTRACT DOCUMENTS specified in the above
mentioned Contract without any reservation whatsoever.
We transmit herewith a copy of the above mentioned Contract together with a copy of the General Terms and
Conditions, and of any applicable Special Conditions, duly initialled on each page.

(Signature)