Invoicing and Payment.

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Payment - Submitted every 20 every month . Interim payments shall be made to Mis Marina who will in turn issue
with immediate effect the corresponding entitlement to Blue Galaxy by electron ic transfer or to be paid by cheque
endorsed 'account payee only' and full proportio n based o n contract value paid to Blue Galaxy immediately 60 days
thereafter approval by ASTER . (Payment to Blue Galaxy immediately after the issuing of Invoice certificate) .

Duration of the project to be agreed upon as ASTER until now contin u e to produce programme up-dates to satisfy
their client, however it is not clear how this impacts upon the sub-subcontract of electrical works to limited areas
according to the tender BOQ.

Deduction of 10% Retention from each payment of the gross val ue to be retained until the end of the project upon

substantial completion certificate of the Main Contract 5% (five percent) released but 10% released for B.G.

Balance 5% after one year defects liability period .

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IN WITNESS HEREOF, THE PARTIES HERETO HAVE HEREUNTO SET THIS AGREEMENT MADE ON 30 JUNE 2011
BETWEEN MARINA GENERAL CONTRACTING ESTABLISHMENT P.O. BOX 34347 ABU DHABI, UAE.

AND

Mis BLUE GAlAXY ELECTRO MECHANICAL WHO'S POSTAL ADDRESS IS P.O.BOX 51254 ABU DHABI, UAE.

WHOSE POSTAL ADDRESS IS P.O. BOX 6402, ABU DHABI, UNITED ARAB EMIRATES (HEREINAFTER CALLED THE OTHER
PART)

ON BEHALF OF THE CONTRACTOR ON BEHALF OF THE SUB-CONTRACTOR

MARINA GEN. CONT.EST. BLUE GALAXY ElECTRO MECHANICAL

tsi tLs OOO

~'\.~~------::--===~~
SIGNATURE SIGNATURE

NAME: S~ L r9.w VJ

TITLE: Gr el-J EKe L ylJ tV f} Ge )(.

DATED: O C( _ ~~ _ _.\.A.. DATED: bC1 - 0:.3 ~Vl1

WITNESS:

FOR

BLUE GALAXY ELECTRO MECHANICAL

COM PANY STAM P: _ _ _ _ _ _ _ __