COST-SHARING AGREEMENT

THIS AGREEMENT made this 31 day of January 2024, and effective from 1 February 2024

BETWEEN

1. Yinson Production West Africa Ltd (Company Registration No. CS414792014), a company
incorporated in Ghana with the business address at Imperial Square, Airport Residential Area,
6th Senchi Street, Accra, Ghana (hereinafter referred to as the “YPWAL” or the “Cost-incurring
entity” which expression shall include its successors in title and permitted assigns) of one part;.

AND

2. Yinson Operations and Production West Africa Limited (Company Registration No. RC-1343890),
a company incorporated in Nigeria with the business address at Plot 197, Soji Road, GRA Phase
II, Port Harcourt, Rivers State, Nigeria (hereinafter referred to as the “YOPWAL” or the “Cost-
reimbursing entity” which expression shall include its successors in title and permitted assigns)
of one the other part.

The Cost-incurring entity and the Cost-reimbursing entity are collectively referred to as the “Parties” and
individually as a “Party”.

WHEREAS:

A. There are common services provided by the IT specialist to YPWAL’s business and to YOPWAL’s
business; (hereinafter collectively referred to as, “the Services”).

B. The pParties believe that it would be in the respective best interests of YPWAL and YOPWAL if
these common services were to continue to be provided to both YPWAL’s and YOPWAL’s
businesses.

C. The Pparties desire to equitably share the payroll costs of the IT specialist employed in Ghana,
who provides services for the companies in Ghana and Nigeria.

D. The Pparties desire to set forth the terms and conditions of such cost-sharing arrangement.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Pparties agree as follows:

1.0 COST-SHARING

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 The Pparties agree to share the payroll costs of the IT specialist employed in Ghana, who
provides services for YPWAL in Ghana and YOPWAL in Nigeria, on an equal basis.

2.0 PAYMENT

[2.1] Each pParty shall pay its half of the payroll costs to the IT specialist. The payroll costs shall be those
provided for under the terms of the employment agreement of the IT Specialist.

2.1[2.2] Payroll costs shall include the IT specialist's base salary, bonuses, and any other compensation
paid to the IT specialist in connection with his or her employment but shall not include any
expenses incurred by the IT specialist in connection with his or her employment.

[2.3] YPWAL shall issue periodic invoices to YOPWAL to recover fifty 50 per cent (50%) of the total
payroll costs incurred. Where the actually recovered amount is different from 50 fifty per cent
(50%) of the total payroll costs as determined after the end of the financial year, YPWAL shall
issue a true-up debit or credit note to YOPWAL to reconcile.

3.0 JOB DESCRIPTION

The job description of the IT specialist and the services to be performed are attached as Annex
1 to this Agreement.

4.0 CONFIDENTIALITY

[4.1] The parties Each Party agrees to keep the terms of this Agreement confidential and shall not, to
save as required by law or applicable regulation or by any Yinson group policy, disclose them
same to any third party without the prior written consent of the other Pparty.

[4.2] The partiesEach Party shall take all reasonable steps to ensure that their its employees, agents, and
representatives comply with the confidentiality obligations set forth in this Agreement.

5.0 AUDIT

5.1 YOPWAL shall have the right to audit the costs incurred by YPWAL in connection with the
services provided by the IT specialist. Such audit shall be conducted during normal business
hours and upon reasonable notice to YPWAL.

5.2 YPWAL shall provide YOPWAL with all necessary information and access to its books and
records to enable YOPWAL to conduct the audit.

6.0 TERM

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 This Agreement shall commence on the date first written above and shall continue until
terminated by either pParty upon thirty (30) days’ written notice to the other Pparty.

7.0 GOVERNING LAW AND DISPUTE RESOLUTION

7.1 This Agreement and any non-contractual obligation arising out of or in connection with it shall
be governed by and construed in accordance with the laws of England.

7.2 The Parties shall use reasonable endeavors to settle any dispute, controversy, claim or
disagreement of any kind whatsoever arising out of or in connection with this Agreement,
including any question regarding its existence, validity or termination (a “Dispute”) within
fifteen (15) Business Days of such dispute arising.

7.3 If parties are unable to resolve the Dispute within fifteen (15) Business Days of such Dispute
arising, Any dispute arising out of or in connection with this Agreement, including any
question regarding its existence, validity or terminationthe Dispute, shall be referred to and
finally resolved by arbitration in Singapore in accordance with the Singapore International
Arbitration Centre (SIAC) rules for the time being in force at the commencement of the
arbitration, which rules are deemed to be incorporated by reference in this Clause. The
Tribunal shall consist of one (1) arbitrator and the language of the arbitration shall be English.

7.4[7.3] Nothing in this Agreement, whether express or implied, is intended to or shall be construed so
as to confer upon or give to any person, other than the Parties and their respective permitted
successors and assigns, any rights or remedies under or by reason of this Agreement.

8.0 NO WAIVER

The failure of any of the Parties to enforce at any time any of the provisions of this Agreement
or to exercise any right or option which is herein provided for shall in no way be construed to
be a waiver of such provision nor shall such failure in any way affect the validity of this
Agreement or any part hereof or the right of any of the Parties to subsequently enforce each
and every such right or option. No waiver of any breach of this Agreement shall be considered
or held to be a waiver of any other or subsequent breach. Nothing shall constitute, or have the
effect of, a waiver except an instrument in writing signed by a duly authorized officer or
representative of the Party against whom such waiver is sought to be enforced and which
expressly (and not implicitly) waives any rights or options under this Agreement.

9.0 AMENDMENT

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 This Agreement shall not be amended, modified, varied or supplemented except in writing
signed by the duly authorized representatives of the Parties.

10.0 NOTICES

Any notice required to be given under this Agreement, shall be in writing addressed to the
other Parties at the address provided below:

Yinson Production West Africa Yinson Operations and Production West

Limited Africa Limited

Address

Attention

Telephone
Number

Email

11.0 SEVERABILITY

If any provision or part-provision of this Agreement is or becomes invalid, illegal or

unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid,
legal and enforceable. If such modification is not possible, the relevant provision or part-
provision shall be deemed deleted. Any modification to or deletion of a provision or part-
provision under this clause shall not affect the validity and enforceability of the rest of this
Agreement.

12.0 COUNTERPARTS

This Agreement may be executed in any number of counterparts each of which, when taken
together, shall be deemed to constitute one and the same instrument.

13.0[11.0] MISCELLANEOUS

Each party shall be responsible for its respective legal and other related costs incurred in
relation to the preparation of this Agreement.

14.0[12.0] ENTIRE AGREEMENT

This Agreement shall constitute the entire agreement between the Parties with respect to its
subject matter, and all prior contracts, proposals, representations, negotiations and
understandings, either orally or in writing, are hereby superseded.

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IN WITNESS WHEREOF the parties hereto have hereunto set their hands the day and year
first above written.

Cost-incurring entity

Signed by )
Naa Opoku-Agyeman )
for and on behalf of )
Yinson Production West Africa Limited ) __________________________

Cost-reimbursing entity

Signed by )
Judith Okonta )
for and on behalf of )
Yinson Operations and Production West Africa Limited ) __________________________

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 ANNEX 1

(Job Description of IT Specialist)

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