Ref.

: TCIBD/BIF/OC/RMB-SUB/0001/AM00/2020/R0/GS
Date : 16th February 2020

M/s READY MIX BETON L.L.C

P.O. Box: 51804
Dubai - UAE
Fax : +971-4 3472227
Tel. : +971-4 3473684

Attention: Mr. Amer Ghandour

Project: Bu Hasa Integrated Field Development Project

Subject: Supply Agreement for Ready Mix Concrete

With reference to the subject, we are hereby pleased to issue this Supply Agreement for Concrete
supply (hereinafter referred as “Supply Works”) for the subject Project in accordance with the
following terms and conditions:

1. Definitions:
1.1 M/s. Abu Dhabi Company for Onshore Petroleum Operations Ltd (hereinafter referred
to as “Employer”);
1.2 M/s. Technicas Reuindas S.A. – Abu Dhabi, P.O Box 55414, Abu Dhabi, U.A.E.
(hereinafter referred to as “Contractor”);
1.3 M/s. Target Engineering Construction Co. (L.L.C.) Abu Dhabi, P.O. Box 960, Abu
Dhabi, U.A.E. (hereinafter referred to as “Subcontractor”);
1.4 Agreement between Contractor and Subcontractor for the Project - Bu Hasa Integrated
Field Development Project, Abu Dhabi, UAE, (hereinafter referred to as
“Subcontract”);
1.5 M/s. Ready Mix Beton L.L.C, PO Box: 51804, Dubai, U.A.E. (hereinafter referred to as
“Supplier”);
1.6 “Subcontractor's Representative" means the person named by Subcontractor in this
Supply Agreement or appointed from time to time by Subcontractor who acts on behalf
of Subcontractor;
1.7 “Clause” means a Clause of this Supply Agreement unless otherwise so stated;
1.8 “day” means a Gregorian calendar day and “year” means 365 days;
1.9 “party” means Subcontractor or Supplier, as the context requires;
1.10 “Project” is Bu Hasa Integrated Field Development Project, Abu Dhabi, UAE;
1.11 “Commencement Date of Supply Works” means the date stated in Clause 4.1 of this
Supply Agreement;
1.12 “Project Specifications” means the Specifications forming a part of this Supply
Agreement together with any modifications thereof or additions thereto or deletions
therefrom as may from time to time be made in accordance with this Supply
Agreement;
1.13 “Completion Date of Supply Works” means the time for completion of the whole of the
Supply Works or of any Section of the Supply Works or of any Portion of the Supply
Works as stated in Clause 4.3 of this Supply Agreement or in any of such cases, such
extended time as may be granted under provisions of this Supply Agreement;
1.14 “Payment Certificate” means the certificate referred to in Clause 6 of this Supply
Agreement;
 1.15 “Supply Documents” means the Specifications, Drawings, Bill of Quantities and other
documents as enclosed in this Supply Agreement, referred hereto or as otherwise
inferred therefrom;
1.16 “ICV Improvement Plan” means the plan detailing the in-country value which shall be
obtained by the Supplier during the performance of the Supply Works, attached as
Annexure 6 to this Supply Agreement;
1.17 “ICV Certificate” means the certificate issued by an approved certifying body which
details the in-country value score of the Supplier in accordance with Employer’s
requirements; and
1.18 “Supply Works” means the works to be undertaken by Supplier and remedying of any
defects therein including any adjustments thereto as per the terms and conditions of this
Supply Agreement.

2. Scope of the Supply Works:

The Subcontractor shall, at its own risk and expense, be responsible for:

2.1 preparation and submission of all technical submittals to Subcontractor such as

material samples, calibration certificates, laboratory test results to obtain approvals
from Employer/Contractor for all proposed concrete mix designs in accordance with
the Specifications. Supplier shall, at its own cost, conduct or cause to conduct a) all the
required tests at the Supplier’s plant premises; and b) tests for trial mixes at the Project
site and Supplier’s plant premises; without any limitations and in the presence of
representatives from Employer/Contractor and Subcontractor as required.
2.2 Supplying and delivering the ready mix concrete within 24 hours of written request by
Subcontractor in accordance with the established interface procedure between Supplier
and Subcontractor for the delivery of the ready mix concrete to the Project site based
on the following criteria:
2.2.1 supply of concrete by Supplier shall be undertaken at all times of the day i.e., 24
hours and six days a week, except Fridays and public holidays;
2.2.2 Contractor shall submit in writing the following:
 A weekly update of the monthly program;
 24 hours advance notice of its daily requirement; and
 Three calendar days advance notice for requirement of single pours in excess of
800 cubic metre;
2.3 ensuring that delivery of concrete is in accordance with the Subcontractor’s written
requests, the programme of works and shall accept occasioned changes in the
confirmed requirements;
2.4 providing test cylinders/ cube moulds for the collection of field samples of supplied
concrete at the Project site to be tested by Subcontractor’s appointed third-party testing
agency;
2.5 obtaining all required permits from local authorities, committees, police/traffic
departments and any other statutory bodies to undertake the Supply Works. Supplier
shall be responsible for all applicable fees/charges with respect to the production,
transport, loading and offloading of ready-mix concrete at the Project site and any
other charges associated with Supply Works to be undertaken by Supplier;
2.6 planning, coordinating and sequencing the Supply Works in line with Subcontractor’s
programme of works, as amended from time to time, and the actual works progress in
accordance with the interface procedure between Subcontractor and Supplier. Supplier
shall not be entitled to any variation or compensation in relation to the above,
 including modification, alteration and revision of concrete request schedules to match
Project schedule requirements;
2.7 providing the required number of equipment such as mechanical distributors, hydraulic
placing booms, pipe including required extensions, pumps in accordance with the
Project requirements;
2.8 requesting Subcontractor to inspect the ready-mix concrete upon delivery at the
Project site. Subcontractor shall acknowledge receipt of delivery note from Supplier. If
the delivered material is found to be not compliant with the Project requirements as
specified in the Supply Documents, Supplier shall replace faulty material and/or
rectify the material at no additional cost to Subcontractor;
2.9 deploying a qualified supervisor and required number of workers at the Project site to
undertake the Supply Works in accordance with the Subcontractor’s requirements;
2.10 liaising with Subcontractor’s representative and co-ordinate/handle all day-to-day
operations for the Supply Works as required and instructed; and
2.11 carrying out the Supply Works as per the working hours/timings approved by
Subcontractor’s representative.

3. Supply Documents and Priority:

Supplier acknowledges that the Supply Works shall be carried out as per the following
Supply Documents listed in the below order of priority and shall be deemed to form
part of and be read and construed in accordance with the Supply Agreement:
(a) This Supply Agreement;
(b) Annexure – 6: ICV Management Plan;
(c) Annexure – 5: Quality Assurance & Quality Control Requirements;
(d) Annexure –4: Project HSE Requirements;
(e) Annexure –3: Bills of Quantities and Measurement Criteria for Civil
Works;
(f) Annexure – 2: Specifications; and
(g) Annexure – 1: Drawings.

The Supply Documents are taken as mutually explanatory of one another, provided however
that in the event of any ambiguity, conflict and discrepancy between or within the Supply
Agreement, Site Procedure Manual, the Specification and the Drawings the more onerous
obligation, higher standard, better quality or greater quantity (as applicable) shall prevail,
unless otherwise clarified by the Subcontractor when brought upon to its attention by the
Supplier.

Subcontractor is entitled to interpret the Supply Documents and such interpretation shall be
binding on the Supplier and shall prevail over any different interpretation which the Supplier
may have.

Supplier acknowledges to have received all the Supply Documents as an electronic copy and
agrees that it has read and understood the Supply Documents, Supply Documents, Project
requirements and commits to comply with these requirements to achieve Employer’s final
approvals on the Supply Works.
4. Commencement & Completion Date of the Supply Works:

4.1 Commencement Date of the Supply Works: The effective date of this Supply Agreement
and Commencement Date of Supply Works shall be 18 Feb 2020;

4.2 Completion Date of Supply Works: The Completion Date of Supply Works shall be 08
Jun 2021;

4.3 If required, Subcontractor may terminate the Supply Works prior to Completion Date of
Supply Works by giving one week notice to Supplier.

5. Supply Works Rates:

5.1 Subject to Supplier’s successful execution and completion of the Supply Works in
accordance with the terms and conditions of this Supply Agreement, Supplier shall be
entitled to submit its statement based upon the delivered quantities (as verified by
Subcontractor’s representative) in accordance with the Supply Works Rates stated in
the Annexure 3 – Bill of Quantities.
5.2 The Supply Works Rates in Annexure 3 – Bill of Quantities are inclusive of all costs,
expenses, taxes, duties, charges and fees incurred and required for the successful
performance of the Supply Works in accordance and compliance with Project
requirements and the prevailing rules, regulations and laws. Subcontractor shall not be
liable to pay Supplier any amount for adjustment or compensation for additional
indirect costs or under recovery of the Supplier’s overheads due to additions,
omissions or changes to the Supply Works. The Subcontractor shall only be liable to
pay to the Supplier the unit rates mentioned in the Bill of Quantities for the actual
quantities of the Supply Works carried out by the Supplier as per the provisions of this
Supply Agreement. Notwithstanding the foregoing, the Value added Tax (VAT) shall
become payable in respect of the Supply Works provided that the Supplier has fully
complied with relevant laws and regulations.
5.3 Supplier agrees that the Supply Works Rates stated in Annexure 3 – Bill of Quantities
of this Supply Agreement shall not be subject to any price escalation or changes under
any circumstances and shall remain fixed until the Completion Date of Supply Works.
5.4 The quantities stated in the Annexure 3 – Bill of Quantities are only for reference and
have no bearing whatsoever to the total quantity of the Supply Works to be undertaken
by Supplier. The quantity shall be subject to re measurement and change as per the
requirements of the Project.
5.5 Subcontractor shall retain amounts against any noncompliance reports issued as a
result of Supplier’s failure to perform its obligations under this Supply Agreement.
Further, Subcontractor shall recover from Supplier any damages, costs direct or
consequential that it may incur as a result such rectification caused due to reasons
attributable to Supplier.
5.6 Supplier agrees to comply with all the Project HSE Requirements and the Quality
Assurance & Quality Control Requirements of the Project. The Subcontractor shall
submit necessary documents and maintain relevant records as required by the Supply
Documents, the costs of which are deemed to be included in the Supply Works Rates.

6. Application for Payment:

 6.1 Supplier shall submit a statement to Subcontractor by 20th day of each month in a
form approved by Subcontractor, showing in detail the amounts to which Supplier
considers himself entitled for the Supply Works executed during the month.
Subcontractor should evaluate such statements within 15 days of the receipt of
Supplier’s monthly statement, and thereafter seek additional clarifications /supporting
document (if any) s in order to make its assessment and certify such amounts as it
considers due to Supplier within 21 days from the date of receipt of Supplier’s
monthly statement. Supplier upon receipt of Subcontractor’s certification (the
“Payment Certificate”) shall prepare and submit an Invoice in accordance with the
amount certified by Subcontractor.
6.2 Subject always to Supplier’s compliance with the above Clause 6.1, the amount due
for the Supply Works shall be paid against signed and stamped tax invoices submitted
by the Suppliers to the Subcontractor. The payments due to Supplier in respect of each
Payment Certificate shall be made after incorporating all deductions applicable under
this Supply Agreement including any contra charges or set offs, as applicable.
6.3 Invoices shall be submitted by Supplier to the following address: The Project
Manager, Target Engineering Construction Co., Project Bu Hasa Integrated Field
Development Project.
6.4 Up to 100% of the Supply Price shall be made through irrevocable Letter of Credit
payable within (120 days credit) from the date of Subcontractor’s certification of
Supplier’s statement. The opening & processing charges for Letter of Credit shall be
borne by Supplier.
6.5 Application for release of ICV Payments: Subcontractor shall withhold from each
Progress Payment an amount equivalent to Five (5) percentage of the value in respect
of the Supplier’s compliance with the ICV Improvement Plan (the “ICV Payments”).
The Supplier shall be eligible to apply for the withheld ICV Payments upon
completion of the Supply Works, and the Subcontractor’s certification of the ICV
payments shall be proportional to, and based upon, Supplier’s achievement of the
targets mentioned in the ICV Improvement Plan as further detailed in this Supply
Agreement and the ICV requirements under the Supply Agreement.

7. Facilities/ Services/ Utilities provided by Subcontractor:

7.1 Cranes (Nonexclusive use. To be coordinated with other trade
subcontractors/suppliers) for placing concrete using concrete buckets (if required) as
per the instructions by Subcontractor.

8. Other Conditions:
8.1 Supplier shall deliver the ready-mix concrete to the Project site in accordance with the
Project site requests issued by Subcontractor based on the provisions of this Supply
Agreement.
8.2 This Supply Agreement is subject to approval of Supplier by Employer to undertake
the Supply Works. In case of non-approval of Supplier by Employer, this Supply
Agreement shall stand null and void and shall not give any rise to any liability
howsoever on Subcontractor’s part.
8.3 Subcontractor shall have the right to instruct changes / variations to the Supply Works
and the Supplier shall be under an obligation to forthwith implement the changes in
accordance with the Subcontractor’s instructions (the “Variation Order”). Any
additional or substituted works to be performed pursuant to the Variation Order shall
be evaluated on the basis of the Supply Works Rates stated in the Annexure 3 – Bill of
Quantities. In the event that the Bill of Quantities does not contain unit rates applicable
to the variation, Subcontractor and Supplier shall mutually agree to a suitable unit rate
 and Supplier shall submit all relevant supporting documents as requested by
Subcontractor in order to assess and finalize a suitable unit rate. In the event of
disagreement in finalizing the rates or until such time as rates or prices are agreed or
fixed, Subcontractor may fix such rates or prices as are, in its opinion, appropriate and
notify Supplier accordingly, to enable on-account payments in respect of the Payment
Certificates.
8.4 Supplier shall proceed with any works or changes as instructed by Subcontractor’s
representative and shall not use or rely upon Sub- Clause 8.3 as grounds for not
proceeding with any instructions given by Subcontractor, but shall obtain confirmation
from Subcontractor’s Head Office commercial department prior to proceeding with
such instructions, which will be thereafter valued by Subcontractor.
8.5 Supplier shall at all times abide by the Health, Safety & Environmental rules &
regulations of Employer and prevailing in the Emirate of Abu Dhabi.
8.6 Supplier agrees that Subcontractor shall be entitled to deduct from or set off against
any monies due to Supplier any sums which Supplier shall be liable to pay
Subcontractor whether such liability is incurred in connection with this Supply
Agreement or occasioned in any other manner whatsoever.
8.7 Supplier represents and warrants that it is having a valid trade license and lawfully
registered and qualified to perform the Supply Works in the country of operations and
agrees that it, at its sole cost and expense, is responsible for ensuring such registration
and qualification is valid and continues in full force and effect throughout the duration
of the Supply Works.
8.8 Supplier is deemed to have examined all the Project requirements and obtained all
necessary information as to risks, contingencies and other circumstances which may
influence or affect the Supply Works and have priced for the same.
8.9 Supplier acknowledges that it is not an exclusive supplier for Ready-Mix concrete for
the Project and shall be required to interface with other suppliers in accordance with
Subcontractor’s instructions.
8.10 Without limitation to its obligations and responsibilities, the Supplier shall obtain and
maintain following insurances in connection with the execution of the Supply Works:
 Workmen's Compensation Insurance (Employer's Liability) with a limit of
liability of not less than USD 1,000,000 per occurrence
 Motor Vehicle Third Party and Passenger Liability Insurance as per the
applicable Laws of the UAE for death or injury to any Third Party and for
damage to Third Party property with a limit of not less than USD 1,000,000
per occurrence
8.11 Any shortages and/or defects in the Supply Works shall be rectified immediately by
Supplier.
8.12 Any costs incurred by Subcontractor resulting from delays in and/ or non-delivery by
Supplier of the site requests, or non-compliance by Supplier of the terms of this Supply
Agreement, shall be back-charged to Supplier’s account, including the extra costs that
may be incurred by Subcontractor in arranging supply of similar material from other
Suppliers. The costs may include any charges incurred by Subcontractor resulting from
termination of this Supply Agreement.
8.13 Supplier shall arrange and procure security passes for Supplier's workforce, mixers and
pumps.
8.14 Supplier shall arrange all required fitness certifications (for the vehicles, operators and
the like) as per the Supply Documents.
8.15 Subcontractor shall have the right to suspend at any time, at its sole discretion, the
performance of all or any portion of the Supply Works by giving 24 hours prior notice
in writing.
 8.16 In case any provision of this Supply Agreement, for any reason, be held invalid or
unenforceable in any respect, the invalidity or unenforceability will not in any way
vitiate this Supply Agreement affect any other provision of this Supply Agreement, and
this Supply Agreement will be construed as if the invalid or unenforceable provision
had not been included.
8.17 Any notices required to given under this Supply Agreement shall be in the English
Language which shall be the ruling language of this Supply Agreement.
8.18 This Supply Agreement constitutes the entire agreement between Supplier and
Subcontractor in respect of the Supply Works and supersedes any prior representations
and understandings prior to the date of this Supply Agreement. There are no other
promises, conditions, agreements, understandings or other agreements, whether written
or verbal, between Subcontractor and Supplier in relation to the Supply Works.
8.19 If Subcontractor fails to make payment as per the provisions of this Agreement, the
Supplier shall give a notice to Subcontractor. If Supplier does not receive reasonable
evidence or the payment due within 30 days after giving above said notice, the
Supplier may, upon giving 14 days’ notice to Subcontractor terminate this Agreement.
8.20 ICV (In Country Value): The Supplier shall comply with the terms of the ICV
Improvement Plan under the Subcontract and confirms that the targets set out in the
ICV Improvement Plan shall be achieved by the dates specified therein. In the event
that the Subcontractor or Contractor notifies the Supplier of any failure by the Supplier
to comply with the ICV Improvement Plan, then the Supplier shall take all necessary
steps to rectify such failure. Upon achievement, partially or in full by the Supplier of
the target set out in the ICV Improvement Plan, the Supplier shall be entitled to
payment of a portion of the ICV Payment on a pro-rata basis based on the percentage
of the ICV scoring achieved, provided that the Supplier shall not be entitled to any
ICV Payment set out in the ICV Improvement Plan that have not been achieved by
Final Acceptance Certificate. In the event that the Supplier is unable to comply with
the obligations set out in the ICV Improvement Plan then the Supplier shall notify
Subcontractor and shall use its best endeavors to remedy the breach prior to Final
Acceptance Certificate. Any material failure by the Supplier to meet the targets set out
in the ICV Improvement Plan shall be considered a material breach of the Supply
Agreement and shall entitle the Subcontractor to terminate the Supply Agreement.

9. Governing Law – Settlement of Disputes

 9.1 This Supply Agreement is governed by the laws of Abu Dhabi, UAE.
9.2 All differences or disputes arising out of or in connection with the Supply Agreement
shall be notified and resolved in accordance with the provisions of this Clause.
9.3 Supplier shall continue to proceed with the execution of the Supply Works with due
diligence, irrespective of differences, dispute or questions between Subcontractor and
Supplier arising out of or in connection with the Supply Agreement and of the steps
taken in order to attempt to resolve the same as hereafter described.
9.4 Subcontractor’s and Supplier’s Representatives shall try to settle any dispute arising
under or in relation to this Supply Agreement amicably, at Project Site level.
9.5 In the event the difference, dispute or question between Subcontractor and Supplier
arising out of or in connection with the Supply Agreement (whether before or after
completion of the Supply Works and whether before or after termination,
abandonment or breach of the Supply Agreement) cannot be solved amicably between
Subcontractor and Supplier at Project Site level, Subcontractor and Supplier shall set a
date for meeting at appropriate levels, through representatives not directly involved in
the performance of the Supply Works, in order to attempt to resolve the same by
amicable agreement within thirty (30) calendar days from date of notification of either
party.
9.6 All disputes arising in connection with the Supply Agreement shall be finally resolved
under the Rules of Arbitration of the "International Chamber of Commerce" (ICC
Rules) by one or more arbitrators appointed in accordance with the said Rules. The
seat of arbitration shall be Abu Dhabi, United Arab Emirates.
9.7 The arbitrator(s) shall decide according to the provisions of the applicable law. The
procedural rules governing this arbitration shall be, in order of priority:
 Those contained in the Rules of Arbitration and where those rules remain silent;
 Those contained in the terms of reference to be agreed and where the terms of
reference remain silent;
 Any rules which the Arbitral Tribunal shall determine from time to time by
procedural orders with reference to procedural principles applicable in civil law
countries after consultation with the parties.
9.8 The language of Arbitration shall be English; and
9.9 The Arbitration award shall be final and binding for Subcontractor and Supplier.
9.10 Supplier shall comply with all laws, regulations and orders of the Emirate of Abu
Dhabi and U.A.E. in the performance of the Supply Agreement. Such laws include
without limitation any law (national, state, municipal, local or other), requirement,
ordinance, rule, decree, regulation or order of any governmental Authority or agency
of the Emirate of Abu Dhabi or the U.A.E. (state, national, municipal, local or other).

10. Force Majeure

Any delay or failure in the performance of the respective obligations by either Subcontractor
or Supplier (individually known as “party” and collectively known as “parties”) shall be
excused if and to the extent caused by the occurrence of a Force Majeure. In this Supply
Agreement, Force Majeure shall mean an exceptional event or circumstance:
a. which is beyond a party’s control; and
b. which such party could not reasonably have provided against before entering into the
Contract; and
c. which, having arisen, such party could not reasonably have avoided or overcome; and
d. which is not substantially attributable to the other party.
 For purposes of this Supply Agreement, Force Majeure shall mean the exceptional events or
circumstances listed below, provided that conditions (a) to (d) above are satisfied:
(i) war, terrorism, riot, commotion or disorder in the Emirate of Abu Dhabi; or
(ii) munitions of war, explosive materials, ionizing radiation or contamination by radio-
activity from any nuclear fuel or from any nuclear waste from the combustion of
nuclear fuel, radio-active toxic explosives or other hazardous properties of any
explosive nuclear assembly or nuclear components thereof except as may be
attributable to the Supplier’s use of such munitions, explosive materials, radiation or
radio activity.

In such case the affected party shall notify the other party of the Force Majeure event and
neither party shall be liable for delays or additional expenses incurred by either party.  For
clarity Force Majeure shall not include financial distress of either Subcontractor or Supplier
and late provision of Supply Works. In the event of any dispute, the party claiming to be
affected by Force Majeure shall bear the burden of proving that it is so affected and shall:
10.1 Notify the other party of the Force Majeure event within 48 hours of occurrence and its
impact on performance under this Supply Agreement; and
10.2 Use best efforts to resolve any issues resulting from the Force Majeure event and perform
its obligations hereunder.

11. Termination of Supply Works:

11.1 Subcontractor reserves the right to terminate the Supply Agreement, at any time, at its
own discretion, with or without any fault on the part of Supplier and without the need
for a court order. The termination shall take effect immediately after the date on which
Supplier receives such notice, unless otherwise stated. In addition to that,
Subcontractor reserves the right to terminate the Supply Agreement without notice if
Supplier:

(a) acts dishonestly or fraudulently;

(b) commits an act of bankruptcy or enter into a deed of arrangement with its
creditors or Employer go into liquidation;
(c) fails to perform or execute the Supply Works for a period of 10 days or more due
to a Force Majeure event;
(d) without prior written consent assigns or purported to assign the Supply
Agreement or any part thereof or any benefit, obligation or interest;
(e) transferred its rights and / or obligations to any third party;
(f) sublets the whole of the Supply Works or sublet any part thereof without the prior
approval of Subcontractor;
(g) fails to perform and execute the Supply Works in accordance with Clause 4 of
this Supply Agreement by more than seven (7) days; or
(h) has failed to implement ICV Improvement Plan in accordance with the Supply
Agreement.

11.2 Supplier shall forthwith upon termination herein, immediately:

(a) cease the Supply Works;

 (b) allow Subcontractor, or any third party designated by Subcontractor, to take
possession of all of the Supply Works, Supplier’s Plant, Supplier’s Equipment,
Supplier’s materials and facilities;
(c) assign to Subcontractor, or any designated party, all or part of the rights arising
from the Supply Agreement, including all purchase orders, subcontracts,
contracts for the hire of construction labour, equipment and materials etc.;
(d) deliver to Subcontractor, or to the designated third party schedules, plans,
specifications and other documents and data prepared by Supplier and its sub-
subcontractors and suppliers (of every tier) in connection with the Supply
Agreement as well as all documents, drawings and other data furnished to
Supplier by Subcontractor; and
(e) comply with any other written instructions from Subcontractor to enable
Subcontractor to fulfil its obligations under the Subcontract.

12. Termination of Works

If Employer terminates the Subcontract for Employer’s convenience or the

Subcontractor’s default, Subcontractor shall notify Supplier of such termination and
immediately after receipt of such notification, Supplier shall cease the Supply Works and
comply with the additional instructions in furnishing required notice and substantiation, in
the form and detail requested, to enable Subcontractor to comply with its obligations
under the Subcontract. Following Employer’s determination, and subject to Supplier’s
full compliance with this Clause, Subcontractor shall determine and settle all costs
necessarily, properly and reasonably incurred by Supplier to the extent that they are
satisfactorily substantiated by Supplier in respect of its obligations under the Supply
Agreement.

This Supply Agreement becomes valid and binding on the parties upon its signature by the
authorized representative of each party below.

Yours faithfully,
For TARGET Engineering Construction Co. (L.L.C)

Chaouci Yassine
Chief Executive Officer Accepted by:
READY MIX BETON L.L.C

Authorized signatory

Name:
Title:
Date: