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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

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

Unless previously withdrawn. COST OF CAPITAL. accounts. BREACH OF CONTRACT: Violation of any of the agreed-upon terms and conditions of a binding contract. Failing resolution by such means. present or future. losses and expenses. OR CLAIMS OF CUSTOMERS) INCURRED BY THE CLIENT OR ANY THIRD PARTY. exclusive of any choice of law provisions. All disputes arising out of or in connection with an Order placed by a Client shall be finally settled by binding. PAYMENT : The Client may not withhold payment for any disputed amount greater than the value of rectifying the disputed element of the Specified Service.C). or under statute. but not limited to Client's use. proof of the violation is imperative. INCIDENTAL OR PUNITIVE DAMAGES OF ANY KIND (INCLUDING BUT NOT LIMITED TO LOSS OF USE. whether based on contract. QUOTATIONS : Quotations are made by the Supplier without engagement and based on the prevailing prices at the time of quotation. 12. cause(s) of action. 19. such as failure to deliver a promised asset.S. its agents. 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. 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. INVENTORY OR USE CHARGES. 17. under the Laws of Kuwait then in effect by one or more arbitrators appointed in accordance with said Rules. on account of or in any way arising out of acts or omissions of Client. INDIRECT. IN NO EVENT. incorporation or selection thereof. installation. shall not exceed the Order price of the specific Equipment or Service which gives rise to the claim. the Supplier reserves the right to cease providing any Service until the payment is received. or any breach thereof. 16. 14.C. of and from any and all manner of actions. within 15 days from the date thereof. 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.) 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. incidental. tort (including negligence). however. warranty. punitive or special). quotations and tenders are open to acceptance for the period therein or. consequential.CONFIDENTIAL All rights reserved. 20. in equity. demands. CONSEQUENTIAL. 15. 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. If any payment is not received on the due date . This is the confidential property of National Petroleum Services Company (K. LIMITATION OF LIABILITY / EXCLUSION OF CONSEQUENTIAL LOSS: The remedies set forth herein are exclusive. 13. SHALL SUPPLIER BE LIABLE FOR SPECIAL. grievances. This breach could be anything from a late payment to a more serious violation. whether known or unknown. and the total liability of the Supplier with respect to this Order. . A contract is binding and will hold weight if taken to court. of whatever kind or nature. the same shall be settled in accordance with the arbitration law of the State of Kuwait. any and all liability.INDEMNIFICATION: Supplier shall not be liable for and Client shall release. The Supplier reserves the right to correct any typographical or clerical errors in a quotation or tender at any time by notice in writing. REVENUE OR PROFITS. if no period is stated. Except as otherwise specifically agreed in writing by Client and Supplier. contractors. including. 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. indemnity.S. 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. but not limited to direct. 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. ACCEPTANCE: Acceptance includes acceptance of the Supplier's general terms and conditions of sale. If payment is not made on the due date. damages (regardless of their type. WHETHER ARISING BEFORE OR AFTER COMPLETION OF ITS OBLIGATIONS UNDER THE CONTRACT. harmless from any claims. 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. including but not limited to suits for contribution and/or indemnity and all suits in law. including. or any entity affiliated in any way therewith. indemnify and hold Supplier. strict liability or otherwise.