Change Order No. 01-fully Executed.docx

SOUTHERN GAS CONSTRUCTORS LIMITED CHANGE ORDER NO.001 (ONE) TO AGREEMENT NUMBER xxxxx

CONTRACTOR:

Original Agreement Amount (and Previous Change Orders) Not to exceed amount NGN 269,915,870.00

Date

Page 1 of 3

7 July 2011

Change Order Number: 001 (One)

Addition by this Change Order Number 001 (One) Not to exceed amount NGN 7,711,882.00

SOUTHERN GAS CONSTRUCTORS LIMITED 5Km New Port Expressway, Warri, Delta State, Nigeria

Deduction under this Change Order Number 001 (One) Not to exceed amount NGN 0.00

AGREEMENT Number: 6093-ON-C282

Amended Total Not-toexceed amount NGN 277,627,752.00

Job Number:

6093

SCR Number:

005853

Owner: Chevron Nigeria Limited

SUBCONTRACTOR Jolomi Engineering Services Limited, Suite 22, Mabiaku Road Warri, Delta State, Nigeria

Original Notification

Confirmation

___________

___________

SUBCONTRACTOR Jolomi Engineering Services Limited Suite 22 Mabiaku Road Warri, Delta State, Nigeria

Job Name: Escravos Gas to Liquids Project

The Terms and Conditions forming the original Agreement are made an integral part of this Change Order except to the extent as modified herein. Prepared by: Andrew Wakefield

Page No. 3 of 3

CHANGE ORDER NUMBER 001 (ONE)

Subcontract No: 6093-ON-C282

Description Refer to the AGREEMENT as noted above for Chevron Nigeria Limited's Escravos Gas to Liquids Project at Escravos, Delta State, Nigeria as now amended by this Change Order Number 001 (One) as follows: 1.1

Purpose The purpose of this Change Order Number 001 (One) is to;  Increase the number of students from 35 to 36  To revise the Milestone Payment Schedule as originally detailed in Exhibit B, Article 3.4 of the Agreement to allow the payment of the NIW exams 2 weeks prior to the exam being taken, this will avoid any delay by NIW in carrying out the exam.

2.0

Scope of Work This Change Order Number 001 (One) increases the scope of work by the addition of 1 extra student.

3.0

Drawings and Specifications Drawings and Specifications remain as per the SUBCONTRACT.

4.0

Time of Performance This Change Order Number 001 (One) has no affect on the Time of Performance.

5.0

Agreement Value SUBCONTRACTOR shall be entitled to invoice in line with the below detailed milestone payments;

This milestone table replaces the table as shown in Exhibit B, Article 3.4 of the Agreement

Item

Milestone

Invoice Amount

Level 1

Executed Agreement

40% of Item 1 Unit Rate x No of Students

Level 3

Complete qualification exams & test results 60% of Item 1 Unit Rate x No of Students Commence Level 30% of item 2 Unit Rate x No of Students Complete qualification exams & test 70 & of Item 2 Unit Rate x No of Students results Commence Level 30% of item 3 Unit Rate x No of Students

Level 4

Complete qualification exams & test 70 & of Item 3 Unit Rate x No of Students results Commence Level 30% of item 4 Unit Rate x No of Students

NIW Level 1

Complete qualification exams & test 70% & of Item 4 Unit Rate x No of Students results 4 Weeks from commencement of NGN 355,000.00 x No of Students training

Level 2

Page No. 3 of 3 NIW Level 2 NIW Level 3

CHANGE ORDER NUMBER 001 (ONE)

Subcontract No: 6093-ON-C282

12 Weeks from commencement of NGN 763,000.00 x No of Students training 18 Weeks from commencement of NGN 782,000.00 x No of Students training

All invoices must be accompanied by a signed back-up document (EGTL Welder Schools CoOrdinator) confirming that the payment milestone has been achieved or passed. This COAR Number 001 (One) adds to the AGREEMENT VALUE the Not to Exceed Amount of: - Seven Million Seven Hundred Eleven Thousand Eight Hundred Eight Two NGN (NGN 7,711,882.00). Resulting in a revised AGREEMENT NTE VALUE of Two Hundred Seventy Seven Million Six Hundred Twenty Seven Thousand Seven Hundred Fifty Two Nigerian Naira. (NGN 277,627,752.00)

Reference

Value NGN

Original Subcontract Amount

269,915.870.00

Value of COAR # 01 Final AGREEMENT Not To Exceed Amount

7,711,882.00 277,627,752.00

6.0

Terms and Conditions This CHANGE ORDER represents the sole AGREEMENT between CONTRACTOR and SUBCONTRACTOR concerning the matters addressed in this CHANGE ORDER, and with regard to such subject matter supersedes all other documents, letters, conversations, or other communications (whether oral or written)

7.0

Execution of this Document SUBCONTRACTOR shall execute the two (2) originals of this CHANGE ORDER. SUBCONTRACTOR shall return both signed original documents to CONTRACTOR at the address given below marked for the attention of The Subcontracts Manager. CONTRACTOR will execute both original documents and return one (1) signed original to the SUBCONTRACTOR. Southern Gas Constructors Limited Attention: Subcontract Manager Km 5 New Port Expressway, Warri, Delta State, Nigeria ALL OTHER TERMS AND CONDITIONS OF THE SERVICES AGREEMENT REMAIN UNCHANGED.

SUBCONTRACTOR

CONTRACTOR