HSE-2023-S-104 Rev02 Velosi Training WMS

4300015300
Bunduq Company Limited

P. O. Box 46015, Fax : 6779477
Abu Dhabi Telex : 23692 Bunduq EM
United Arab Emirates Cable : Bunduq Abu Dhabi
Tel. : 6779922
MEMORANDUM OF AGREEMENT
This is a Service Contract between BUNDUQ COMPANY LIMITED (hereinafter “Company” and the
CONTRACTOR identified below (hereinafter “Contractor”). The terms and conditions of this service
contract are attached herewith this Agreement.
CONTRACTOR CONTRACT DATE CONTRACT NO.
VELOSI Training Institute 14/11/2023 HSE-2023-S-104 Rev02
Al Ghaith Tower, Hamdan CONTRACTOR’S REF. NO. BUDGET REF. NO.
Abu Dhabi See Attachment. BO-03-05-11 – 75%
BO-03-05-03 – 25%
SERVICES PERIOD: 12 October - 15 November 2023
PAYMENT: 30 days AFTER RECEIPT OF INVOICE.
LIQUIDATED DAMAGES:
LOCATION: Abu Dhabi
OTHER TERMS & CONDITIONS:
.
VALUE (DHS)
Course Training Time Duration Validity Qty Price Total

Method Unit AED
ADNOC Approved Live/Online As Per 2 Days 3 Years 4 400 1600
Work Microsoft Mutual
Management Teams Agreement
System (WMS)
Full Package
Training
5 % VAT 80
Total 1680
Accepted on………………2023 BUNDUQ COMPANY LIMITED

Khadija Al Ameri
QHSE MANAGER
Khadija Digitally signed by Khadija Alameri
DN: cn=Khadija Alameri,
o=Bunduq, ou=QHSE Department,
Alameri
email=khadijas@bunduq.ae, c=AE
Date: 2023.11.14 09:59:52 +04'00'
By __________________ _____________________
(VELOSI Training Inst.) (BUNDUQ Company)
Please sign and return one copy
4300015300
Conditions of Contract
1.0 Services and Obligations of Contractor
1.1 Contractor shall perform Services, in accordance with the description cited in
the Memorandum of Agreement, and the instructions of Company.
1.2 Contractor shall perform Services, within the Services Period specified in the
Memorandum of Agreement.
1.3 All Services performed by Contractor, shall be done with due diligence, in a
good and workmanlike manner, using skilled, competent and experienced
workmen and supervisors and in accordance with good engineering practices.
1.4 All materials, equipment, supplies or manufactured articles furnished by

Contractor in the performance of Services described in the Memorandum of
Agreement and free from defects.
1.5 Any defective portion of Services rendered shall be removed, replaced or

repaired by Contractor without any additional cost or risk to Company in
accordance with the warranty provisions set forth herein.
2.0 Facilities to be Provided by Company
2.1 If the Scope of Services to be performed by Contractor necessitates sending

Contractor's personnel to Company's Offshore site, Company shall provide at
its expense the following facilities for Contractor's personnel:
(a) Transportation from Heliport, (Near Abu Dhabi International Airport),

to offshore site and back.
(b) Accommodation and food similar to that provided for Company's
personnel.
(c) Laundry and first aid facilities.
2.2 Company shall designate its own personnel, who will give necessary instructions
and advice to Contractor's personnel and supervise their work.
3.0 Liquidated Damages
If Contractor shall fail to complete Services within Services Period specified in the
Memorandum of Agreement, Contractor shall pay to Company the liquidated
damages amount designated in the Memorandum of Agreement for such default and
not as a penalty, for every day which shall elapse between the last day of the said
Services Period and the date of actual completion of Services.
The maximum amount of Contractor's liability hereunder for liquidated damages

shall be limited to ten (10) per cent of the lump sum Contract Price.
4.0 Payment
4.1 Company shall pay Contractor for Services performed by Contractor, in

accordance with the terms specified in the Memorandum of Agreement and in
the currency designated therein.
4300015300
4.2 Contractor shall submit an invoice after completion of Services and acceptance
thereof by Company, with such supporting documents as may be required by
Company.
4.3 If Company approves an invoice, it shall pay the amount thereof within thirty
(30) days of receiving it. If Company disagrees with an invoice, Company shall
notify Contractor accordingly and explain the disagreement. Company and
Contractor shall then endeavor to agree on the amount of the disputed invoice
as soon as possible.
5.0 Warranty
5.1 Contractor shall, at its own cost and expense, make good by immediate repair
or replacement all defects in Services covered under this Services Contract due
to faulty materials, poor workmanship or inadequate design.
5.2 In the event Contractor is notified of any defects in services and/or materials
and fails to promptly and adequately correct such defects, Company shall have
the right, at Contractor's cost and expense, to correct the defects itself or retain
others to correct them.
6.0 Indemnification
6.1 Company shall indemnify and hold Contractor harmless against all claims and
demands of every kind and character, arising in connection with performance
of Services hereunder, in favour of Company's employees or agents on account
of bodily injury, death or damage to property.
6.2 Company hereby waives any and all rights or recourse against Contractor for
any loss of or damage to the property of Company arising out of or in
connection with the performance of Services hereunder, except when such loss
or damage is due to the gross negligence or wilful misconduct of any of the
personnel or officers of Contractor.
6.3 Contractor shall indemnify and hold Company harmless against all claims and
demands of every kind and character, arising in connection with performance
of Services hereunder, in favour of Contractor's employees or Contractor's
subcontractors or their employees on account of bodily injury, death or damage
to property.
6.4 Contractor hereby waives any and all rights or recourse against Company for
any loss of or damage to the property of Contractor arising out of or in
connection with the performance of Services hereunder, except when such loss
or damage is due to the gross negligence or wilful misconduct of any of the
employees or officers of Company.
7.0 Insurance
Contractor shall procure and maintain Workmen's Compensation Insurance to cover

the personnel employed by Contractor for the purposes of performing Services
hereunder.
4300015300
8.0 Health, Safety & Environment (“HSE”)
Contractor shall use its best efforts and take every precaution to avoid the occurrence
of accidents, and shall cause its personnel to follow Company's HSE policies,
regulations and instructions, whether verbal or written, thereto.
9.0 Termination
9.1 Company has the right to terminate this Agreement at any time, and for any
reason, by giving seven (7) days written notice to Contractor to that effect.
9.2 In the event of such termination, Company shall pay Contractor, upon receipt
of appropriate invoices, all sums due up to the termination date. In no event
shall Contractor be entitled to payment for Services unperformed by reason of
such termination or for loss of anticipated profits.
10.0 Taxes and Fees
Contractor shall at its own cost be responsible for all taxes, licenses and fees arising as
a result of the personnel, equipment and materials to be supplied and Services to be
carried out for Company or otherwise arising as a result of this Services Contract.
11.0 General
11.1 Contractor is an independent contractor and neither Contractor nor any of its
personnel shall be regarded as agents or employees of Company.
11.2 No change or modification of any of the terms and conditions hereof shall be
binding unless made in writing and signed by authorised representatives of
Contractor and Company.
11.3 Contractor shall not, without the prior written consent of Company, use or
cause its personnel to use, any exclusive or confidential information received
from Company otherwise than for the performance of his obligations
hereunder.
11.4 Communication between Contractor and Company in connection with this

Services Contract shall be in writing, which includes telex/fax, using the
addresses, telex numbers and fax numbers specified in the Memorandum of
Agreement.
11.5 The copyright in all reports or other documents and information produced,
prepared and furnished by Contractor pertaining to or in the course of or as a
result of performance of Services shall be the exclusive property of Company.
11.6 Neither party may assign this Contract to anyone without the prior written
consent of the other.
11.7 This Services Contract shall be governed, construed and interpreted in

accordance with the laws of the Emirate of Abu Dhabi and the United Arab
Emirates.

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4300015300

Bunduq Company Limited

Course Training Time Duration Validity Qty Price Total

Accepted on………………2023 BUNDUQ COMPANY LIMITED

1.0 Services and Obligations of Contractor

1.4 All materials, equipment, supplies or manufactured articles furnished by

1.5 Any defective portion of Services rendered shall be removed, replaced or

2.0 Facilities to be Provided by Company

2.1 If the Scope of Services to be performed by Contractor necessitates sending

(a) Transportation from Heliport, (Near Abu Dhabi International Airport),

3.0 Liquidated Damages

The maximum amount of Contractor's liability hereunder for liquidated damages

4.1 Company shall pay Contractor for Services performed by Contractor, in

Contractor shall procure and maintain Workmen's Compensation Insurance to cover

10.0 Taxes and Fees

11.4 Communication between Contractor and Company in connection with this

11.7 This Services Contract shall be governed, construed and interpreted in

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