CONFIDENTIAL

All rights reserved. This is the confidential property of National Petroleum Services Company (K.S.C.) and is released on the condition that
this work may not be reproduced, disclosed or used (entirely or partially) for any purpose without the written consent of National Petroleum
Services Company (K.S.C).

QUOTATION

SUPPLIER :

Quotation
No:320400002

National Petroleum Services Company(K.S.C)(NAPESCO)

Shuaiba West Industrial Area, Block 3,

ENQUIRY REF:
CLIENT : ARABI ENERTECH, K.S.C.
Contact Person :

SUPPLIER REF: 2027154

Ahmadi, Kuwait\
Kuwait
Terms of Payment :
Contact Person :
Tel :
Address : ,
Validity of Proposal : from : 01.02.2015 to : 01.02.2016
Sr No.
1
2
3
4
5
6
7

Item
3920100001
3920100004
3920100003
3920100010
3920100006
3920100007
3920100008

Description of Item/Service
EIA (Environmental Impact Assessment)
HAZID (Hazard Identification)
HAZOP (Hazard and Operability)
SIL(Safety Integrity Level) Assessment
PHSER stage 3
PHSER STAGE 4
PHSER STAGE 5

Qty
1
1
1
1
1
1
1

UOM
each
each
each
each
each
each
each

Unit Price
10,000.000
5,000.000
8,000.000
7,500.000
3,000.000
3,500.000
3,000.000

Delivery Schedule : 02.02.2015

Total Value in KWD : Kuwaiti Dinar FORTY THOUSAND
only
Notes : Partial Orders acceptable with Price Impact
Partial Orders NOT acceptable without Price Impact

W
W

Reviewed and Verified & for and on behalf of NAPESCO

Supplier

Approval

Authorized Signatory

Total Price
10,000.000
5,000.000
8,000.000
7,500.000
3,000.000
3,500.000
3,000.000
40,000.000

CONFIDENTIAL
All rights reserved. This is the confidential property of National Petroleum Services Company (K.S.C.) and is released on the condition
that this work may not be reproduced, disclosed or used (entirely or partially) for any purpose without the written consent of National
Petroleum Services Company (K.S.C).
Standard Terms & Conditions:
1. APPLICABILITY: These Worldwide Terms and Conditions of Sale ("Terms") shall govern all sales of Equipment or Services to
Client "(Order"). These Terms supersede any prior written or oral agreement, understanding, representation or promise, and any
pre-printed or standard terms and conditions contained in Client's request for quote, purchase order, invoice, order acknowledgement, or
similar document. These Terms may not be amended, supplemented, changed or modified except by concurrent or subsequent written
agreement, signed by an authorized representative of Supplier and Client. Supplier's acknowledgement of Client's purchase order shall
not constitute acceptance of any terms and conditions contained therein, regardless of how such terms and conditions may be prefaced
or described.
2. DEFINITIONS:
"Client" means the company who accepted Supplier's offer or is named in the Order.
"Equipment" means all equipment and parts manufactured or sold by Supplier.
"Service(s)" means work, direction of work, technical information or technical consulting and advice or other services furnished by
Supplier to Client.
"Supplier" means the company named on the Order for supplying Equipment or Services.
3 DELIVERY / SUSPENSION / FORCE MAJEURE:
In the event Client requests a delay or suspension in completion and/or shipment of the Equipment or delivery of Services or any part
thereof for any reason, the parties shall agree upon any cost and/or scheduling impact of such delay and all such costs to Client's
account. Any delay period beyond Fourteen (14) days after original scheduled delivery date shall require Client to take title and risk of
loss of such Equipment or Services.
4. WARRANTY:
Supplier does not warrant the Equipment or Service or any repair/replacement Part or Services for any usage in any purpose which is
not originally intended for.
5. PAYMENT: All prices are as per the Payment Terms mentioned in the Supplier's proposal, quotation, or offer. Should Client for any
reason default in the payment of the contract of purchase, Client agrees to pay all collection costs, attorney fees and expenses incurred in
collecting payment, including interest on the amount due at the maximum legal rate. All transportation, insurance and similar charges
incident to delivery shall be paid by Client. Depending on the value of the order, Supplier may at its sole discretion require progress
payments.
If Client's financial condition is or becomes unsatisfactory to Supplier, Supplier reserves the right to: (a) require payment from Client on
a Cash In Advance (CIA) basis; (b) require a letter of credit or other acceptable security before delivery; or (c) cancel delivery at any
time prior to delivery of the Equipment or Services without further obligation or liability on the Supplier's part.
6. CHANGES: Client may request modifications as to the amount, scope and/or nature of the Equipment or Services to be supplied by a
written change request. If, in the opinion of Supplier, any modification will affect the agreed fixed price and/or time of delivery,
Supplier will notify Client thereof in writing and will not be obligated to perform any modification unless agreed to by Supplier. Client
shall confirm that such change is authorized and accepted by issuing an Order revision.
7. CLIENT CANCELLATION: Client may cancel this Order only upon written notice and payment to Supplier of reasonable and
proper cancellation charges.
8. NON-DISCLOSURE AND NON-USE OF SUPPLIERS' INFORMATION: Client agrees that it will not use Supplier's data which are
the subject of an Order or any similar Equipment or Service, to any other source or reproduce said data and information or otherwise
appropriate them without the written authorization of the Supplier. Client agrees that it will not disclose or make available to any third
party any of Supplier's data or other information pertaining to this Order which is proprietary to Supplier without obtaining Supplier's
prior written consent.
9. SPECIAL TOOLING AND DATA: Unless otherwise agreed in writing, all material, software, data, processes, equipment, facilities
and special tooling, reports etc., covered by an Order shall be and remains the property of Supplier. Supplier retains all rights, title and
interest in drawings, engineering instructions, specifications, and all other written data, if any, furnished and/or specified to be supplied
with the Service .
10. RETENTION & TAXES: Supplier's price, unless otherwise agreed, shall be fixed and does not include, and Supplier is not
responsible for, payment of any tax levied for sales, use, excise, value-added, goods and services, business (franchise or privilege) or
any duties, charges, Retention or other such taxes.
11. WAIVER / SEVERABILITY: Failure by Supplier to assert all or any of its rights upon any breach of an Order shall not be deemed a
waiver of such rights either with respect to such breach or any subsequent breach, nor shall any waiver be implied from the acceptance
of any payment of service. No waiver of any right shall extend to or affect any other right Supplier may possess, nor shall such waiver
extend to any subsequent similar or dissimilar breach.
If any portion of these Terms are determined to be illegal, invalid, or unenforceable, for any reason, then such provision shall be deemed
stricken for purposes of the dispute in question and all other provisions shall remain in full force and effect.

CONFIDENTIAL
All rights reserved. This is the confidential property of National Petroleum Services Company (K.S.C.) and is released on the condition
that this work may not be reproduced, disclosed or used (entirely or partially) for any purpose without the written consent of National
Petroleum Services Company (K.S.C).
12. APPLICABLE LAW / DISPUTES: This Order shall be interpreted in accordance with the laws of the jurisdiction in which the
Supplier's facility accepting the Order hereunder is located, exclusive of any choice of law provisions. Except as otherwise specifically
agreed in writing by Client and Supplier, any dispute relating to an Order placed by a Client which is not resolved by the parties shall be
adjudicated by a court of competent jurisdiction in the state of Texas. All disputes arising out of or in connection with an Order placed
by a Client shall be finally settled by binding, under the Laws of Kuwait then in effect by one or more arbitrators appointed in
accordance with said Rules.
13. LIMITATION OF LIABILITY / EXCLUSION OF CONSEQUENTIAL LOSS: The remedies set forth herein are exclusive, and the
total liability of the Supplier with respect to this Order, or any breach thereof, whether based on contract, warranty, tort (including
negligence), indemnity, strict liability or otherwise, shall not exceed the Order price of the specific Equipment or Service which gives
rise to the claim.
IN NO EVENT, WHETHER ARISING BEFORE OR AFTER COMPLETION OF ITS OBLIGATIONS UNDER THE CONTRACT,
SHALL SUPPLIER BE LIABLE FOR SPECIAL, INDIRECT, CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES OF
ANY KIND (INCLUDING BUT NOT LIMITED TO LOSS OF USE, REVENUE OR PROFITS, INVENTORY OR USE CHARGES,
COST OF CAPITAL, OR CLAIMS OF CUSTOMERS) INCURRED BY THE CLIENT OR ANY THIRD PARTY.
14. PAYMENT : The Client may not withhold payment for any disputed amount greater than the value of rectifying the disputed
element of the Specified Service. If payment is not made on the due date, the Supplier shall be entitled without limiting any other rights
it may have to charge interest (4%) on the outstanding amount from the due date until the outstanding amount is paid in full. If any
payment is not received on the due date , the Supplier reserves the right to cease providing any Service until the payment is received.
15. BREACH OF CONTRACT: Violation of any of the agreed-upon terms and conditions of a binding contract. This breach could be
anything from a late payment to a more serious violation, such as failure to deliver a promised asset. A contract is binding and will hold
weight if taken to court; however, proof of the violation is imperative.
16.INDEMNIFICATION: Supplier shall not be liable for and Client shall release, indemnify and hold Supplier, or any entity affiliated
in any way therewith, harmless from any claims, demands, damages (regardless of their type, including, but not limited to direct,
consequential, incidental, punitive or special), accounts, grievances, losses and expenses, whether known or unknown, present or future,
any and all liability, of and from any and all manner of actions, cause(s) of action, including but not limited to suits for contribution
and/or indemnity and all suits in law, in equity, or under statute, of whatever kind or nature, on account of or in any way arising out of
acts or omissions of Client, its agents, contractors, employees or any person under their control and relating in any way to the goods
and/or services provided under a quotation or the equipment related thereto, including, but not limited to Client's use, installation,
incorporation or selection thereof.
17. ARBITRATION: In the event of any dispute or difference whatsoever arising between the Supplier and the Client in connection
with any contract which is subject to these Terms and Conditions both parties shall first seek to resolve the same amicably through
negotiations in good faith. Failing that either partly may give notice in writing of the existence of such a dispute and the same shall be
referred to the arbitration of a person to be mutually agreed upon. Failing resolution by such means, the same shall be settled in
accordance with the arbitration law of the State of Kuwait.
19. ACCEPTANCE: Acceptance includes acceptance of the Supplier's general terms and conditions of sale. All quotations are
submitted on the basis that no contract for the sale of the relevant goods or services will be complete until the Supplier has confirmed
the orders by issuance of order acknowledgement to the Client.
20. QUOTATIONS : Quotations are made by the Supplier without engagement and based on the prevailing prices at the time of
quotation. Unless previously withdrawn, quotations and tenders are open to acceptance for the period therein or, if no period is stated,
within 15 days from the date thereof. Acceptance must be in writing and must be accompanied by sufficient information to enable the
Supplier to proceed without delay in the execution of the order. The Supplier reserves the right to correct any typographical or clerical
errors in a quotation or tender at any time by notice in writing.