SAIPEM S.p.A.

Via Martiri di Cefalonia 67

Società per Azioni 20097 San Donato Milanese (MI)
Sede Legale in San Donato Milanese Telex: 310246 Eni-Saipem
Via Martiri di Cefalonia 67 Fax: 02/52044667
Capitale Sociale Euro 441.410.900 i.v. Tel. centralino: 02/5201
Registro delle imprese di Milano
Cod. Fisc./Part. IVA: 00825790157
R.E.A. Milano n. 788744
Società soggetta alla attività di direzione
e coordinamento di Eni S.p.A.

FINDER POMPE S.P.A.

VIA BERGAMO 65
23807 MERATE (LC)
S. Donato Milanese ITALY
08.08.2013 Effective date of PO July 19th
2013 VAT registr.No.: 00184130136
Purchase Order No. 848930 Vendor code : 1524
Tel. No. : +3903999821
P-202-1420-134-F-02 Telefax No. : +39039599267
E-mail address : finder@finderpompe.com

Our reference : Purchase Order No. 848930 (Reference to be quoted in any correspondence)

Subject:
API 610 CENTRIFUGAL PUMPS (OH)

"We award you this Purchase Order/Delivery Order for the goods described herein.
This Purchase Order/Delivery Order , together with the unconditional acceptance hereto,
constitutes the entire and only agreement between the Parties relating to the provisions as
described herein, and supersedes any other previous representation, whether expressed, oral or
implied, or any inducement or agreement of any kind or nature.
Any modification to the terms and conditions of this Purchase Order/Delivery Order shall be
issued in writing by us and shall only be valid upon your written acceptance."
Job : 032142 Proc. Dept. : PM PD ACQM
RABIGH II PROJECT (RP2) Procurem.Office : PM4 MACCHINE
Requesting Center : 980404 Buyer : P50 Brignoli Tiziana
MACCHINE PACK E FORN Tel. no.(Int.) : +39 02 520.33345
Telefax no. : +39 02 520.53254
For internal use E-mail address : tiziana.brignoli@saipem.com
PR Ref.: 10961452 Rev. 001
E-mail address for PDF sending:
antonio.marra@saipem.com
roberto.piana@saipem.com
 Purchase Order No. 848930 Vendor Pg. 2
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FINDER POMPE
S.P.A.

SUPPLY SPECIFICATION

Number of the attachment Description of the attachment Rev. Date of Rev.Type

R400-MA-E-30006 MATERIAL REQUISITION FOR CENTRIFUGA 0 07.01.2013 SPEC
PUMPS API 610 (BB/OH)
________________________________________________________________________________________________________
Item Description Quantity UM Price Amount Delivery
Date
EUR EUR
________________________________________________________________________________________________________
1 R410P1114A C5 RICH CUT PUMP 1 NR 27.400,00 27.400,00 15.04.2014

2 R410P1114B C5 RICH CUT PUMP 1 NR 27.400,00 27.400,00 15.04.2014

3 R410P1120A HEAVY NAPHTHA PUMPS 1 NR 43.045,00 43.045,00 15.04.2014

4 R410P1120B HEAVY NAPHTHA PUMPS 1 NR 43.045,00 43.045,00 15.04.2014

5 R410P1125A NAPHTHA SPLITTER REFLUX PUMP 1 NR 42.920,00 42.920,00 15.04.2014

6 R410P1125B NAPHTHA SPLITTER REFLUX PUMP 1 NR 42.920,00 42.920,00 15.04.2014

7 R410P1130A HEAVY LCN PUMPS 1 NR 27.510,00 27.510,00 15.04.2014

8 R410P1130B HEAVY LCN PUMPS 1 NR 27.510,00 27.510,00 15.04.2014

9 R410P1135A LCN SPLTTER REFLUX PUMPS 1 NR 35.605,00 35.605,00 15.04.2014

10 R410P1135B LCN SPLTTER REFLUX PUMPS 1 NR 35.605,00 35.605,00 15.04.2014

11 R410P1225A STRPPER REFLUX PUMP 1 NR 30.005,00 30.005,00 15.04.2014

12 R410P1225B STRPPER REFLUX PUMP 1 NR 30.005,00 30.005,00 15.04.2014

13 R410P1365A DEPENTANIZER REFLUX PUMP 1 NR 37.385,00 37.385,00 15.04.2014

14 R410P1365B DEPENTANIZER REFLUX PUMP 1 NR 37.385,00 37.385,00 15.04.2014

15 R410P1375A DEETHANIZER REFLUX PUMP 1 NR 26.980,00 26.980,00 15.04.2014

16 R410P1375B DEETHANIZER REFLUX PUMP 1 NR 26.980,00 26.980,00 15.04.2014

17 R410P1385A DEBUTANIZER REFLUX PUMP 1 NR 32.985,00 32.985,00 15.04.2014

18 R410P1385B DEBUTANIZER REFLUX PUMP 1 NR 32.985,00 32.985,00 15.04.2014

19 R410P1810A LP FLARE CONDENSATE PUMP 1 NR 29.130,00 29.130,00 15.04.2014

20 R410P1810B LP FLARE CONDENSATE PUMP 1 NR 29.130,00 29.130,00 15.04.2014

21 R410P1820A HP FLARE CONDENSATE PUMP 1 NR 38.250,00 38.250,00 15.04.2014

22 R410P1820B HP FLARE CONDENSATE PUMP 1 NR 38.250,00 38.250,00 15.04.2014

Reference to item group cont.

 Purchase Order No. 848930 Vendor Pg. 3
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FINDER POMPE
S.P.A.

Item Description Quantity UM Price Amount Delivery

Date
EUR EUR
________________________________________________________________________________________________________

23 R420P2200 SOLVENT FILLING PUMP 1 NR 22.760,00 22.760,00 15.04.2014

24 R420P2210A ED BOTTOM PUMPS 1 NR 45.030,00 45.030,00 15.04.2014

25 R420P2210B ED BOTTOM PUMPS 1 NR 45.030,00 45.030,00 15.04.2014

26 R420P2215A ED REFLUX PUMPS 1 NR 29.985,00 29.985,00 15.04.2014

27 R420P2215B ED REFLUX PUMPS 1 NR 29.985,00 29.985,00 15.04.2014

28 R420P2225A STRIPPER REFLUX PUMPS 1 NR 27.250,00 27.250,00 15.04.2014

29 R420P2225B STRIPPER REFLUX PUMPS 1 NR 27.250,00 27.250,00 15.04.2014

30 R420P2301A BENZENE SHIFT TANK PUMP 1 NR 35.510,00 35.510,00 15.04.2014

31 R420P2301B BENZENE SHIFT TANK PUMP 1 NR 35.510,00 35.510,00 15.04.2014

32 R420P2302A CUMEN UNIT BENZENE FEED PUMP 1 NR 26.780,00 26.780,00 15.04.2014

33 R420P2302B CUMEN UNIT BENZENE FEED PUMP 1 NR 26.780,00 26.780,00 15.04.2014

34 R420P2303A BENZENE EXPORT PUMP 1 NR 26.800,00 26.800,00 15.04.2014

35 R420P2303B BENZENE EXPORT PUMP 1 NR 26.800,00 26.800,00 15.04.2014

36 R420P2324A BENZENE PRODUCT PUMP 1 NR 38.075,00 38.075,00 15.04.2014

37 R420P2324B BENZENE PRODUCT PUMP 1 NR 38.075,00 38.075,00 15.04.2014

38 R420P2325A BENZENE COLUMN REFLUX PUMP 1 NR 41.675,00 41.675,00 15.04.2014

39 R420P2325B BENZENE COLUMN REFLUX PUMP 1 NR 41.675,00 41.675,00 15.04.2014

40 R420P2331A TOLUENE COLUMN BOTTOM PUMP 1 NR 38.085,00 38.085,00 15.04.2014

41 R420P2331B TOLUENE COLUMN BOTTOM PUMP 1 NR 38.085,00 38.085,00 15.04.2014

42 R420P2341A HEAVY AROMATICS PUMP 1 NR 32.810,00 32.810,00 15.04.2014

43 R420P2341B HEAVY AROMATICS PUMP 1 NR 32.810,00 32.810,00 15.04.2014

44 R420P2345A C9/C10 AROMATICS COLUMN REFLU 1 NR 47.415,00 47.415,00 15.04.2014

45 R420P2345B C9/C10 AROMATICS COLUMN REFLU 1 NR 47.415,00 47.415,00 15.04.2014

46 R420P2360A STABLIZER REBOI LER PUMP 1 NR 41.775,00 41.775,00 15.04.2014

47 R420P2360B STABLIZER REBOI LER PUMP 1 NR 41.775,00 41.775,00 15.04.2014

Reference to item group cont.

 Purchase Order No. 848930 Vendor Pg. 4
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Item Description Quantity UM Price Amount Delivery

Date
EUR EUR
________________________________________________________________________________________________________

48 R420P2364A CRUDE BENZENE PUMP 1 NR 39.090,00 39.090,00 15.04.2014

49 R420P2364B CRUDE BENZENE PUMP 1 NR 39.090,00 39.090,00 15.04.2014

50 R420P2365A STABLIZER REFLUX PUMP 1 NR 31.630,00 31.630,00 15.04.2014

51 R420P2365B STABLIZER REFLUX PUMP 1 NR 31.630,00 31.630,00 15.04.2014

52 R420P2401A PARAXYLENE SHIFT TANK PUMP 1 NR 41.930,00 41.930,00 15.04.2014

53 R420P2401B PARAXYLENE SHIFT TANK PUMP 1 NR 41.930,00 41.930,00 15.04.2014

54 R420P2402A PDEB MAKE-UP PUMP 1 NR 26.080,00 26.080,00 15.04.2014

55 R420P2422A BACKWASH PUMP 1 NR 42.600,00 42.600,00 15.04.2014

56 R420P2422B BACKWASH PUMP 1 NR 42.600,00 42.600,00 15.04.2014

57 R420P2430A PX PURIFICATION COLUMN BOTTOM 1 NR 38.260,00 38.260,00 15.04.2014

58 R420P2430B PX PURIFICATION COLUMN BOTTOM 1 NR 38.260,00 38.260,00 15.04.2014

59 R420P2435A PX PURIFICATION COLUMN REFLUX 1 NR 40.450,00 40.450,00 15.04.2014

60 R420P2435B PX PURIFICATION COLUMN REFLUX 1 NR 40.450,00 40.450,00 15.04.2014

61 R420P2450A PDEB RERUN COLUMN BOTTOM PUMP 1 NR 32.630,00 32.630,00 15.04.2014

62 R420P2525A DEHEPTANIZER REFLUX PUMP 1 NR 37.685,00 37.685,00 15.04.2014

63 R420P2525B DEHEPTANIZER REFLUX PUMP 1 NR 37.685,00 37.685,00 15.04.2014

64 R420P2526A DEHEPTANIZER DISTILLATE PUMP 1 NR 30.720,00 30.720,00 15.04.2014

65 R420P2526B DEHEPTANIZER DISTILLATE PUMP 1 NR 30.720,00 30.720,00 15.04.2014

66 R420P2810A LP FLARE CONDENSATE PUMP 1 NR 36.210,00 36.210,00 15.04.2014

67 R420P2810B LP FLARE CONDENSATE PUMP 1 NR 36.210,00 36.210,00 15.04.2014

68 R420P2820A HP FLARE CONDENSATE PUMP 1 NR 32.120,00 32.120,00 15.04.2014

69 R420P2820B HP FLARE CONDENSATE PUMP 1 NR 32.120,00 32.120,00 15.04.2014

 Purchase Order No. 848930 Vendor Pg. 5
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Item Description Quantity UM Price Amount Delivery

Date
EUR EUR
________________________________________________________________________________________________________
70 R420P2115A REFORMATE SPLITTER REFLUX AND 1 NR 43.675,00 43.675,00 15.04.2014

71 R420P2115B REFORMATE SPLITTER REFLUXAND 1 NR 43.675,00 43.675,00 15.04.2014

72 R410P1461A WASHING WATER PUMP 1 NR 13.135,00 13.135,00 15.04.2014

73 R410P1461B WASHING WATER PUMP 1 NR 13.135,00 13.135,00 15.04.2014

74 R420P2450B PDEB RERUN COLUMN BOTTOM PUMP 1 NR 32.630,00 32.630,00 15.04.2014

75 R420P2402B PDEB MAKE-UP PUMP 1 NR 26.080,00 26.080,00 15.04.2014

________________________________________________________________________________________________________

Total order 2.600.000,00 EUR

(two million six hundred thousand)
________________________________________________________________________________________________________
 Purchase Order No. 848930 Vendor Pg. 6
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FINDER POMPE
S.P.A.

PURCHASER: means Saipem S.p.A, a company established and existing under the laws of Italy,
with registered and head offices in via Martiri di Cefalonia 67, 20097 San Donato Milanese,
Milan.
Saudy Aramco and Sumitomo Chemical, hereinafter referred to as the COMPANY, has selected
Saipem S.p.A. (hereinafter referred as the PURCHASER) for the engineering, material
procurement, construction, pre-commissionig and commissioning for the RABIGH II Refining and
Petrochemical Project # Saudi Arabia (hereinafter referred to as PROJECT).
SUPPLIER: means Finder Pompe S.p.A., a company established and existing under the laws of
Italy, with registered and head offices in Via Bergamo 65, 23807 Merate (LC) Italy.

IT IS UNDERSTOOD THAT "FINDER POMPE S.p.A." IS SUBJECT TO "COMPANY" APPROVAL

AS MANUFACTURER.
In case the above condition will not occur, FINDER POMPE SpA, will not be entitled to any
claim whatsoever, including but not limited to damages, loss of profits and for any other arising
from or connected with such nullity and voidness.

ART. 1 * PURCHASE ORDER DOCUMENTS AND PRIORITY

The words and expressions used herein shall have the meaning and the interpretation as assigned
to them in General Terms and Conditions attached to this PURCHASE ORDER.

The PURCHASE ORDER DOCUMENTS shall consist of the following documents binding on
both PARTIES and each document shall prevail over the others with the order set below:
- The PURCHASE ORDER and all the referred documents;
- Special Terms and Conditions for RABIGH II - Refining and Petrochemical Project # Rev.07
Dated May 24th, 2013;
- General Terms and Conditions for PURCHASE DOCUMENTS - High Complexity:
GTC-COR-MATE-001-E Rev.6;
- PURCHASER TECHNICAL DOCUMENTS (Supply specifications, scope of supply already
signed by SUPPLIER, drawings, data sheets, etc.) and relevant attachment;
- QC Requirements for Vendors;
- Quality Requirements for Vendors;
- HSE Requirements for Subcontractors;
- SUPPLIER DOCUMENTS and Certifications approved by PURCHASER;
- Packaging, Shipping and Marking Specifications;
- Schedule and Acceptance of the Milestones/Material Planning and Work Progress Monitoring;
- Model 231, including Saipem# s Code of Ethics;
- Organization, Management and Control Model;
- Saipem Corporate Sustainability Policy, available at the following website:
http://www.saipem.it/site/Home/Sustainability.html

- Attachment 1 - Letter of Acceptance / Acknowledgement form;

- Attachment 2 - CTP form;
- Attachment 3 - Advance payment Bond;
- Attachment 4 - warranty Bond.

ART. 2 * SCOPE OF THE PURCHASE ORDER DOCUMENTS

2.1 The SUPPLIER shall provide all materials, services and items necessary to engineer, design,
manufacture, test, inspect, paint, coat, mark, protect, transport and deliver the GOODS as
mentioned in the item/description list and in accordance with the PURCHASE ORDER
DOCUMENTS.

2.2 The SUPPLIER shall immediately communicate to PURCHASER if the GOODS, object of the
SUPPLY, are included in the Attachment I of the Council Regulation No 428/2009 of the
Council of the European Union (#Dual Use# items). In the case the GOODS are considered
#Dual Use#, the SUPPLIER will deliver all of technical documentation required by
 Purchase Order No. 848930 Vendor Pg. 7
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FINDER POMPE
S.P.A.

PURCHASER.

2.3 The quantities of the GOODS are not subject to variation, unless by a REVISION in
accordance with Clause 11 of General Terms and Conditions attached to this PURCHASE
ORDER.

2.3 REMARK

SUPPLIER sub-order of MV & LV Electric Motors, in compliance with the scope of supply, shall be placed
to the selected Motors manufacturers, in compliance with PURCHASER MV & LV Electric Motor frame
agreement.

(FRAME AGREEMENT for M.V. Motors placed to Nidec nr. 5000019559)

(FRAME AGREEMENT for L.V. Motors placed to Siemens nr. 5000020416)

All the costs are included in the net total amount of P.O.

2.4 EFFECTIVE DATE

The EFFECTIVE DATE of the PURCHASE ORDER is July 19th 2013

ART. 3 * APPROVAL OF SUPPLIER DOCUMENTS

3.1 With reference to Clauses 7 and 8 of General Terms and Conditions attached to this
PURCHASE ORDER, SUPPLIER shall send to PURCHASER all SUPPLIER DOCUMENTS for
approval as specified in the technical SPC No. R400-MA-E-30006 R00 and its technical
attachments issued for order.

3.2 With reference to Clause 7 of General Terms and Conditions attached to this PURCHASE
ORDER, SUPPLIER shall return SUPPLIER DOCUMENTS duly revised to PURCHASER within
the agreed time schedule as per Job SPC No. R400-MA-E-30006 R00; all the documents marked
with (*) in the specification are subject to penalty for late delivery as per Art. Liquidated
Damages, See clause 16.2.

ART. 4 * INSPECTION AND TESTING

With reference to the Clause 46 of General Terms and Conditions attached to this PURCHASE
ORDER, the SUPPLY shall be subject to inspection and testing in compliance to the following
type of test:
As per relevant Data Sheet, Job Specification S-PM-G000-1520-0001, S-PM-G000-1358-0101,
relevant international standards and all other documentation referred to therein.

The documentation shall be prepared and issued in compliance with the PURCHASER
TECHNICAL DOCUMENTS.

All Inspections and Tests required above are included in base price and in the delivery schedule.

ART. 5 * INSPECTIONS ITP, PIM AND SHOP TESTS

The tests of the materials and/or equipment at your workshop and at your sub-suppliers
workshops will be effected according to I.D.S. and relevant specifications.
According to the a.m. Form and specifications, if applicable, you shall submit for approval the
Inspection and Test Plan (ITP) within 20 (twenty) working days from the Purchase Order Date to
the attention of Technical Dept.
 Purchase Order No. 848930 Vendor Pg. 8
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S.P.A.

The Pre-Inspection Meeting, if applicable, shall be performed at Manufacturer's workshop jointly

with Saipem/Client.

You will notify in writing, at least 15 calendar days in advance, the date on which the test will
be effected to the attention of the Inspection Leader.
Inspection and Testing Documentation, including the Manufacturer Data Record Book and
Operational and Maintenance Manual (if applicable) shall be delivered to : Saipem as per Special
Terms and Conditions for Rabigh II Refining and Petrochemical Project para 9.2.
All costs relevant to the test activities and the relevant documentation are included in the net total
amount of the supply.

ART. 6 * SUPPLY PROGRESS REPORTING

Vendor must submit a monthly production/delivery progress report, to be sent to Saipem as per
Special Terms and Conditions for Rabigh II Refining and Petrochemical Project.
The failure or incorrect submission of such report could effect the suspension of the payments.

ART. 7 * MANUFACTURING WORKSHOP LOCATION

Vendor confirms that the locations of major equipment manufacturing workshops are located in:
- Merate (LC) Italy
at the following address:
- Via Bergamo 65, 23807

and

- Seravezza Querceta (LU) Italy

at the following address:
- Via Baglioni 487, 55047

ART. 8 * SPARE PARTS AND SPECIAL TOOLS

8.1 Spare Parts for Commissioning and Start-Up as per SPC No. R400-MA-E-30006 R00. The
mentioned Spare Parts shall be included in the Scope of Supply.

8.2 Special Tools as per SPC No. R400-MA-E-30006 R00. The mentioned Special Tools shall be
included in the Scope of Supply.

ART. 9 * OPTION FOR TWO YEARS SPARE PARTS

SUPPLIER grants the option to PURCHASER to buy any of the two years operation spare parts
(quantity to be defined) in accordance with Supply Specification R400-MA-E-30006 R00 at the
following conditions:

- Prices validity: 18 months from the date of receiving of acceptable G-SPIR;

- Delivery point: As per Base Purchase Order, cost included;
- Packing type: As per Base Purchase Order, cost included;
- Payment: 100% of the amount of the materials delivered. This amount will be paid within 60
days, by direct remittance, from the date of receipt by PURCHASER of the documents as listed
in PART D "Payment on delivery of materials and Final technical Documentation" of "Special
Terms and Conditions# for Rabigh II Refining and Petrochemical Project.
- Market Availability: 10 years
 Purchase Order No. 848930 Vendor Pg. 9
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FINDER POMPE
S.P.A.

ART. 10 * MAKE-GOOD

Make-good is requested for every guaranteed figure for each item included in scope of supply as defined in
Supply SPC No. R400-MA-E-30006 R00 and its technical attachments issued for order.
In the event that during tests, the whole package is demonstrated not to achieve the guaranteed
performance according to Supply SPC No. R400-MA-E-30006 R00, and its technical attachments
issued for order, the Supplier shall promptly analyse the cause of the failure of the package to
provide satisfactory performances.
If such failure is due to defects in engineering and/or material and/ or workmanship or failure to
conform to the specification set forth in this Purchase Order, the Supplier shall timely take the
necessary corrective actions at its own expenses until such satisfactory performances are obtained.
If the performance of the package, does not allow to cover 100% of performances, SUPPLIER
shall make-good.

ART. 11 * DELIVERY

11.1 DELIVERY POINT AND TERMS

FOB North Italian Main Port all in accordance with Incoterms (latest edition).
All the cost are included in the net total amount of P.O.
If not elsewhere specified, a Single Point of Delivery shall be applied

11.2 FINAL DESTINATION

All items are destined to Saudi Arabia.

11.3 DELIVERY DATE(S) (on FOB basis as per 13.1) is the date stated on the second page of the
present PURCHASE ORDER:

11.4 FREE STORAGE (if any)

In case PURCHASER delays or postpones the collection of GOODS ready for FOB delivery,
according to Clause 14.5 of the General Terms and Conditions, the first 45 days of storage shall
be free of charge for PURCHASER. All risks about the GOODS stored in SUPPLIER workshop
are at the SUPPLIER care and cost. In case of GOODS held in store by SUPPLIER due to
PURCHASER request, SUPPLIER shall have the right to transfer title and to invoice the
applicable installments according to article 21.4 - PAYMENTS TERMS.

ART. 12 * SHIPMENT PREPARATION, PACKING AND MARKING

With reference to Clause 47 of General Terms and Conditions attached to this PURCHASE
ORDER, SUPPLIER shall prepare the GOODS for shipment as follows:
As per Supply Specification SPC No. R400-ZA-E-09303, PART C of Special Terms and
Conditions for Rabigh II Refining and Petrochemical Project in compliance with:
Clause 12.1 Packing (Type Seaworthy)
Clause 12.2 Marking
Clause 13.2 Instructions
Clause 13.3 Oversize, overweight packages
Clause 13.5 Documents required
It is understood that the cost of any equipment required for transport and/or place on board or
unload the above GOODS, such as spreaders, saddles, sized roper, stiffening structures are
included in the supply amount.
Packing will be provided by SUPPLIER and the cost is included in the Net total amount of the
supply.

ART. 13 * TECHNICAL ASSISTANCE SERVICES

With reference to Clause 48 of General Terms and Conditions attached to this PURCHASE
 Purchase Order No. 848930 Vendor Pg. 10
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S.P.A.

ORDER, all technical assistance services rendered by SUPPLIER' s personnel shall be

remunerated at the rate(s) and terms as per CTP form attached to this PURCHASE ORDER.

ART. 14 * LIQUIDATED DAMAGES

14.1 "Liquidated Damages for Late Delivery of Materials"

Liquidated Damages payable to the PURCHASER under the provisions of Clause 15 of General
Terms and Conditions attached to this PURCHASE ORDER, in case of delivery of the SUPPLY
is delayed beyond the DELIVERY DATE(S) stated in Art. 13.3 are equal to 0,5% (zero dot five
percent) of the delayed Item value for each full Week by which delivery of the Item is delayed
up to a maximum of 5% (five percent) of the delayed Item value.

14.2 "Liquidated Damages for Late Delivery of Technical Documents"

With reference to Clause 4.2 of the present PURCHASE ORDER, liquidated Damages payable to
the PURCHASER in case of late delivery of the SUPPLIER DOCUMENTS shall be equal to
0.2% (zero dot two percent) of the TOTAL PURCHASE ORDER AMOUNT for each full Week
by which delivery of the above SUPPLIER DOCUMENTS is delayed up to a maximum of 2%
(two percent) of the TOTAL PURCHASE ORDER AMOUNT.

14.3 "Sum of Liquidated Damages"

The liquidated damages shall in no case exceed 7,00% (seven percent) of the TOTAL
PURCHASE ORDER AMOUNT.

14.4 "Liquidated Damages. Obligation to Notify. Loss of Rights"

It is understood that any delay attributable to PURCHASER and/or to PURCHASER#s
representatives may result in the liquidated damages not being applied provided such delays are
supported by indisputable evidence. The SUPPLIER must inform PURCHASER in writing of all
the necessary details, explaining delays in delivery which, in his opinion, relieve SUPPLIER from
his delivery responsibilities. Failure by the SUPPLIER to give notification within 20 (twenty) days
of such events or to submit the relevant documentation within 60 days from the date of receipt
of the request shall result in the loss of the SUPPLIER 's right to any claim.

ART. 15 * FORCE MAJEURE

With reference to Clause 23 of General Terms and Conditions attached to this PURCHASE ORDER, the
unaffected PARTY shall have the right to terminate the PURCHASE ORDER if an occurrence of Force
Majeure continues for a period of more than 60 consecutive Calendar Days or 120 Calendar Days in
aggregate

ART. 16 * WARRANTIES

With reference to Clause 17.2 of #General Terms and Conditions#, the Warranty Period
(hereinafter called DEFECT LIABILITY PERIOD) shall be until the later of twelve ( 12 )
months from entire fulfillment or full discharge of the Guaranteed Performance Levels or
twenty-four ( 24 ) months from the date of Mechanical Completion Date (MCC) and not beyond
to March 31th 2018.

With reference to Clause 17.5 of #General Terms and Conditions#, the DEFECT LIABILITY
PERIOD for the repaired or replaced GOODS shall be until the later of twelve ( 12 ) months
from entire fulfillment or full discharge of the Guaranteed Performance Levels (if any) or
twenty-four ( 24 ) months from the date when the remedial or corrective work or the repair or
replacement of defective GOODS or part of it, is completed and accepted, whichever period
expires later.
 Purchase Order No. 848930 Vendor Pg. 11
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FINDER POMPE
S.P.A.

ART. 17 * PRICING

17.1 The TOTAL PURCHASE ORDER AMOUNT is as set out in the Price list. The price quoted for the
supply of the materials shall remain fixed and not subject to escalation throughout the supply period
regardless of any circumstances whatsoever-even unforeseeable-that may affect the cost and justify therefore a
price adjustment.
17.2 For technical assistance services, the price(s) set out in the CTP form shall apply. A
separate purchase order shall be issued by PURCHASER.

ART. 18 * INVOICING

18.1 Invoice Issuing: The invoice shall be issued after milestone completion and other SUPPLIER
DOCUMENTS requested are sent/received/accepted by PURCHASER.

18.2 Invoice Reference and Address: SUPPLIER#s invoice(s) shall make reference to this
PURCHASE ORDER and be addressed as follows:
Saipem S.p.A
Via Martiri di Cefalonia 67,
I-20097 San Donato Milanese (MI)
Att. COFO Dept.

ART. 19 * PAYMENT

19.1 Invoice Payment: The PURCHASER shall pay to the SUPPLIER the price(s) for the
SUPPLY within 60 (sixty) Calendar Days from the end of the month from the date of receipt of
the documents as listed in Part D #PAYMENTS# of the #Special Terms and Conditions#
RABIGH II Refining and Petrochemical project.

19.2 Currency: SUPPLIER's invoices shall be issued and paid in Euro currency.

19.3 Advance Payment:

by receiving this Purchase Order, the Supplier shall invoice for an amount equal to 10% (ten
percent) of the Total Purchase Order Amount. This amount will be paid within 60 days direct
remittance end of months, from receipt of the documents as listed in Part d point 14.3.1 of
"Special Terms and Conditions for Rabigh II Refing and Petrochemical project". It is understood
that this amount will be returned to Purchaser by deduction 10% from the amount of invoice
issued for Work progress payments instalments.

19.4 Work Progress Payments. According to the Material Planning and Work Progress
Monitoring, the SUPPLIER shall invoice an amount equal to:

- 15,00 % (FIFTEEN/00 percent) equal to 390.000,00 EUR

at the time of the events indicated hereunder. This amount will be paid within 60 days direct
remittance end of months from receipt of the documents as listed in PART d point 14.3.2
"Milestone Payments" of "Special Terms and Conditions for Rabigh II Project".

The event against which the above payments will be made is the Supplier issue of:

- POs for Main Casting (casing & impeller)

- 20,00 % (TWENTY/00 percent) equal to 520.000,00 EUR

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at the time of the events indicated hereunder. This amount will be paid within 60 days direct remittance end
of months from receipt of the documents as listed in PART d point 14.3.2 "Milestone Payments" of "Special
Terms and Conditions for Rabigh II Project".

The event against which the above payments will be made is the SUPPLIER receipt in the SUPPLIER
workshop of:

- Main Castings (casing & impeller);

- 65,00 % (SIXTY-FIVE/00 percent) equal to 1.690.000,00 EUR , equal to the supply to be delivered,

at the time of the events indicated hereunder. This amount will be paid within 60 days direct remittance end
of months from receipt of the documents as listed in PART d point 14.3.3 "Milestone Payments" of "Special
Terms and Conditions for Rabigh II Project" and against presentation of warranty bond as mentioned at
article "Bank guarantees" of the present PURCHASE ORDER.

The event against which the above payments will be made is the SUPPLIER delivery of materials
(pro-quota) and receipt of the final technical documents, testing documents and product certificates.

The PURCHASER will retain 7% (seven/00 percent) of the PURCHASE ORDER price until it is in receipt
of the final technical documents, testing documents and product certificates to be certified by the
PURCHASER or Affiliate technical and inspection departments.

19.4 LATE PAYMENT INTERESTS

In case of Purchaser late payment of the undisputed invoices, interest shall apply to the amount
due to Supplier in respect of each day of delay.
The rate of interest will be equal to the one (1) month Euribor (or Libor applicable) plus 0.5%.

ART. 20 * BANK GUARANTEES

20.1 Advance Payment Bond

The SUPPLIER shall provide an Advance Payment Bond of an amount equal to 10% (ten percent) of the
TOTAL PURCHASE ORDER AMOUNT subject to the provisions of Clause 21.3 of General Terms and
Conditions attached to this PURCHASE ORDER. Such Advance Payment Bond shall be issued in the form
and content as per Advance Payment Bond hereto attached.
SUPPLIER shall provide the PURCHASER with the Advance Payment Bond with the invoice and
the unconditional acceptance of the PURCHASE ORDER.
The Advance Payment Bond shall be released upon complete recovery of the Advance Payment.

20.2 Warranty Bond

The SUPPLIER shall provide a Warranty Bond of an amount equal to 10% (ten percent) of the
TOTAL PURCHASE ORDER AMOUNT subject to the provisions of Clause 21.5 of General
Terms and Conditions attached to this PURCHASE ORDER. Such Warranty Bond shall be issued
in the form and content as per Warranty Bond hereto attached
SUPPLIER shall provide the PURCHASER with the Warranty Bond concurrently with the issue
of the first invoice relevant to payment due by PURCHASER at FOB Delivery .
The Warranty Bond shall be released at the end of the Warranty Period.

ART. 21 * TAXES
21.1 The TOTAL PURCHASE ORDER AMOUNT shall be inclusive of all taxes, where
applicable the V.A.T. shall be indicated separately.
 Purchase Order No. 848930 Vendor Pg. 13
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21.2 The PURCHASE ORDER DOCUMENTS shall be subject to Withholding Tax [if any].

ART. 22 * LIMITATION OF LIABILITY

22.1 With reference to Clause 26.6.1, 26.6.1.1 and 26.6.1.2 of General Terms and Conditions attached to
this PURCHASE ORDER, the SUPPLIER's aggregate liability in connection with clause 26 of General
Terms and Conditions shall be limited to 100 % (hundred percent) of the TOTAL PURCHASE ORDER
AMOUNT.

ART. 23 * INSURANCE REQUIREMENTS

The SUPPLIER shall obtain and maintain throughout the duration of the PURCHASE ORDER DOCUMENTS
the insurance coverage as provided by Clause 27 of General Terms and Conditions attached to this
PURCHASE ORDER.

23.1 Employer#s Liability Insurance shall cover any compensation to employees to the extent
required by Laws.

23.2 Automobile Liability Insurance covering owned and hired vehicles used by SUPPLIER,
applicable to bodily injury, sickness or death of any one or more persons and for loss of or
damage to property in compliance with local laws and regulations.

23.3 All Risk Insurance in respect of GOODS until delivery at DELIVERY POINT(S) with a
limit equivalent to their total replacement value to be provided through suitable insurance polices
maintained by SUPPLIER#s Sub-Suppliers providing the GOODS.

23.4 Cargo Transit Insurance for loss of or damage to the GOODS occurring whilst in transit
from the SUPPLIER's or Sub-Supplier's works and/or warehouse until arrival at DELIVERY
POINT(S) with a limit equivalent to the maximum value of the GOODS transported by single
mean of transport.

ART. 24 * FREE ISSUED MATERIAL (IF APPLICABLE)

24.1 With reference to Clause 9 of the General Terms and Conditions of the PURCHASE ORDER
DOCUMENTS, DELIVERY POINT(S) of the Free Issued Material is ..........
24.2 With reference to Clause 9 of the General Terms and Conditions, the SUPPLIER shall
notify the PURCHASER of any shortfall, defects, damage or breakdown within 10 (ten) calendar
days from the date of receipt of equipment and/or material provided by the PURCHASER.

ART. 25 * PERSONNEL/PERSONAL DATA PROTECTION

With reference to Clause 31 of the General Terms and Conditions SUPPLIER guarantees that all the data
and information exchanged with PURCHASER shall be treated in accordance with the most stringent
applicable laws. Should the Italian law be the applicable one SUPPLIER shall guarantee the minimum level
of protection provided for in legislative decree 196/2003 #Code of Personal Data Protection.

ART. 26 * CORRESPONDENCE # NOTICES

Correspondence and notices shall be delivered to the following addresses:

The PURCHASER:
SAIPEM S.P.A.
 Purchase Order No. 848930 Vendor Pg. 14
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FINDER POMPE
S.P.A.

Via Martiri di Cefalonia 67

20097 San Donato Milanese (MI)
Telex: 310246 Eni-Saipem
Fax: 02/52044667
Tel.: 02/5201

The SUPPLIER:
Finder Pompe S.p.A.
Via Bergamo, n.65
23807 Merate (LC), Italy

ART. 27 * SAUDI ARAMCO & SUMITOMO CHEMICAL REF.NO.(Dummy P.O. Number)

All SUPPLIER drawings, data sheets, installation and operating instructions and all documents
requested for material or equipment shall bear, under the purchase order number, the following:
PO Nr. ("Dummy Number") SAUDI ARAMCO & SUMITOMO CHEMICAL Ref. No.: will provide
soonest

ART. 28 * EXCEPTION TO THE GENERAL PURCHASE CONDITIONS AND SPECIAL TERMS

AND CONDITIONS

With reference to General Terms and Conditions GTC-COR-MATE-001-E Rev. 6 and Special Terms and
Conditions for RABIGH II Refining and Petrochemical Project # Rev.07 consider exceptions and deviations
listed in the attachment #FLOWSERVE DEVIATION# to this Purchase Order.

ART. 29 * LETTER OF ACCEPTANCE / ACKNOWLEDGEMENT

The validity of the PURCHASE ORDER is conditional upon SUPPLIER#s confirmation of acceptance of all
Terms and Conditions set out hereunder. The SUPPLIER shall complete, sign and return to PURCHASER
the Letter of Acceptance or Acknowledgement form attached to the PURCHASE ORDER DOCUMENTS,
within five (5) Calendar Days of receipt thereof. Notwithstanding the above, the execution by SUPPLIER of
any activity relevant to this PURCHASE ORDER, even in case of non-receipt of the confirmation as
mentioned above, shall imply SUPPLIER full and unconditional acceptance thereof.
 ATTACHMENT 1 - ACKNOWLEDGEMENT OF PURCHASE ORDER

(Vendor's stamp)

SAIPEM S.p.A.
Proc. Dept.: PD ACQM
Office: MACCHINE
San Donato Milanese (MI)
Via Martiri di Cefalonia, 67
20097 San Donato Milanese (MI)

For the attention of Mr/s: Brignoli Tiziana

Date:

Subject: Purchase Order No. 848930, dated: 08.08.2013

________________________________________________________________________________________________________

We hereby acknowledge receipt and confirm our full acceptance of the documents referred to
under the subject and hereby fully agree on the contents of it without any reservation whatsoever.
We transmit to you one copy of the subject documents duly initialized on each page together
with the General Terms and Conditions (if not already initialized).

Date ....................
[Date of signature]

(Signature)