Sertica Payment Terms 4007.01.L

Asian Supply Base Sdn bhd
SERTICA, License Contract
VER. 01
07 AUG 2023
All Rights Reserved
RINA Digital Solutions A/S · Sofiendalsvej 5B · 9200 Aalborg SV · Denmark sertica.com

1 Definitions
Licensee/site: Asian Supply Base Sdn bhd
1st Floor, Wisma ASB,
Jalan ranca ranca, industrial estate,
87018 FT Labuan, Malaysia
Invoice address: Asian Supply Base Sdn bhd

1st Floor, Wisma ASB,
Jalan ranca ranca, industrial estate,
87018 FT Labuan
VAT No.: E10-2108-32100001
Company No.: 116635-A
Invoice person(s): Ker boon chong
Invoice e-mail(s): bcker@int.asiansupplybase.com,

rosebella@int.asiansupplybase.com
immanuel@asiansupplybase.com
mashkuri@int.asiansupplybase.com
Licensor: RINA Digital Solutions A/S

Sofiendalsvej 5B
9200 Aalborg SV
Denmark
CVR No.: 32670334
Party: Either a Licensee or Licensor.
Parties: Licensee and Licensor together.
Product name(s): SERTICA Maintenance, vessel system

SERTICA Fleet Management, office system
SERTICA Procurement, office system
Unit(s): The allowed number of unit registrations where a unit means an

individual instance registered within the SERTICA Fleet Management
solution and includes without limitation a vessel, a warehouse, a
terminal, a port, an office etc.
User(s): Users are defined as the number of named users, established in the
system. Previous/in-active users do not count in the record of number
of users but remain in the system due to data history.
Licensed Software: Product names(s) with modules as specified in Enclosure 1 with all
subsequent modifications, enhancements, revisions, versions,
interfaces and adaptations provided by Licensor to the Licensee
pursuant to the terms of the License Contract.
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Product can be used by: The Licensee and its Affiliates or Subsidiaries and references to the
“Licensee” shall be interpreted accordingly where appropriate.
Affiliate(s): Any undertaking which is, in relation to a body corporate, any subsidiary
or holding company of the Licensee with a minimum ownership of 50%.
Generation
(of the Licensed Software): System numbering is defined by the following: z.xx.yy.q, where z is
Generation no. Generation number is normally changed as part of a
complete technology change/switch, a complete programming
language.
Version
(of the Licensed Software): System numbering is defined by the following: z.xx.yy.q, where xx is
Version no. Version number is normally changed as part of major
changes to the functionality e.g. new GUI (Graphical User Interface)
change of database version number.
Release
(of the Licensed Software): System numbering is defined by the following: z.xx.yy.q, where yy is
Release no. Release number is normally changed as part of new release
and includes new minor features and general error fixing.
Service Release (SR)

(of the Licensed Software): System numbering is defined by the following: z.xx.yy.q, where q can be
critical program adjustments, error correction/bug fixing, security patch
etc. It can also be used as a needed mid-point release as part of
important required feature for a specific customer case and therefore
not relevant for other customers. SR’s might not be public for all
customers.
Module: A stand-alone program unit which works as an add-on to the Licensed

Software the Licensee at any time can choose to add to the delivered
standard Licensed Software.
SERTICA Maintenance: For the sake of clarity: The term “SERTICA Maintenance” is used in this
Contract exclusively as the name of the respective software product and
does not refer to the maintenance of the Licensed Software.
2 General Conditions
Variations and additions to this Contract shall not be valid unless mutually agreed in writing. When
agreeing to this Contract other similar License Contracts for the same Licensed Software are
terminated and therefore not valid anymore.
3 Terms of Co-operation
To succeed properly with the delivery as defined in this Contract it is necessary that the Licensee,
Licensor and other involved parties co-operates in fair play and with a common understanding of the
interest of each other.
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The parties shall secure a prompt response to outstanding matters and provide necessary
information in due time.
During the whole Contract and/or implementation period reasonable assistance and working
facilities such as telephone, internet connection, copying, etc. shall be made available for Licensor at
the Licensee's Site free of charge.
4 Rights Granted
Licensor grants and the Licensee accept a limited non-exclusive and non-transferable right to use the
Licensed Software including documentation and technical know-how as specified in Enclosure 1.
The term “use” means the actual running of the Licensed Software at the Licensee’s Site with
maximum number of managed installations as defined in Enclosure 1.
5 Delivery
5.1 Licensed Software
Licensor shall install and deliver the Licensed Software incl. user documentation at the Licensee’s Site
according to the delivery schedule as defined in Enclosure 5.
The Licensee agrees to provide the total computer installation required by Licensor for the proper
installation of the Licensed Software. The furnished recommended configuration of the
aforementioned computer installation, which shall be in good working condition, is detailed in
Enclosure 4.
5.2 3rd Party Software

The Licensee is responsible for purchasing, installation, configuration and functionality of all 3rd party
products there under but not limited to, SQL server, operating system, database management,
emulation software, interface equipment and protocols, communication software, network,
hardware, printers and peripheral equipment.
5.3 Adaptations
Licensor shall implement adaptations (changes and new functions) of the standard version of the
Licensed Software as stipulated in Enclosure 3.
5.4 User Training

Licensor shall provide training assistance as stipulated in Enclosure 2.
5.5 Other Assistance

Licensor shall provide other assistance as stipulated in Enclosure 2.
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5.6 Source Code

In the event the Licensee gets access to any parts of the source code, the Licensee has the sole
responsibility to ensure, that no parts of the source code and / or design specification for the
Licensed Software becomes available to any third party, former employee or any other person or
party without necessary authorization.
6 Project Milestones
The suggested milestones in the Contract and/or implementation plan are stipulated in Enclosure 5.
7 Payment Terms & Conditions

In compensation of the services rendered by Licensor under this Contract the Licensee shall pay to
Licensor:
License Fees as specified in Enclosure 1

Implementation Services and Fees as specified in Enclosure 2
Reasonable travelling and lodging expenses directly related to the delivery of this Contract, upon
the Licensee's request
All payments are to be made within 20 days from the date of invoice.
All payments are in Malaysian ringgit (MYR) and are without VAT.
8 Service & Support

Terms and Conditions for update rights, system maintenance, service and support of the Licensed
Software are defined in a separate Service Contract.
9 Confidentiality
The Licensee agrees that all material and information relating to the Licensed Software is made
available for the use solely under and pursuant to this Contract. The Licensee has no right at any time
during or after expiry, cancellation or termination of this Contract to disclose the same, whether
directly or indirectly to any third party without Licensor’s prior written consent. The Licensee shall
hold harmless and indemnify Licensor from and against any and all losses, costs, damages and
expenses arising out of or in connection with the Licensee’s failure to comply with requirements of
the above.
The Licensee is under the obligation not to take any actions to reverse assemble or reverse compile
the Licensed Software or any portion of it. The Licensee shall have no right to copy the Licensed
Software except for copies deemed necessary for backup and security. The confidentiality
requirements of this Contract shall also apply to such copies.
The Licensee may make additional copies for the user guide for internal use only.
The Licensee confidentiality obligations hereunder shall survive expiry, cancellation or termination,
for any reason, of this Contract.
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Licensor undertakes not to disclose to any third party any information identified by the Licensee as
confidential relating to the Licensee or his business without the prior written consent of the Licensee.
Likewise undertakes the Licensee the same terms toward the Licensor.
10 Ownership
The rights of ownership of the Licensed Software remain with Licensor.
Licensor's right of ownership covers all standard programs and all documentation as well as all other
material concerning the Licensed Software. The aforesaid applies to material in original as well as to
copies and whether the material has been delivered to the Licensee or has been made available to
the Licensee in any other way.
Any further development of the standard parts of the licensed software or adaptations of the
Licensed Software to another computer or another programming language does not change
Licensor's right of ownership.
11 Product Liability
Licensor assumes no liability for personal injury or property damages apart from such prescribed by
mandatory rules of law accepted by Licensor in Denmark, and in that case only to such extent as
prescribed by such rules of law. Any damage to the property belonging to the Licensee or third
parties caused by defects in the delivery shall only be covered by Licensor’s liability provided it can
be substantiated that such damage is due to a mistake or neglect in the form of willful or grossly
negligent conduct on the part of Licensor.
Licensor shall assume no liability for indirect damages, consequential damages, losses of profits or
the like. Licensor’s liability for property damages can in no event exceed more than three (3) times
the License fee stipulated in Enclosure 1.
Licensor shall not be liable for any damage to real property or goods occurring whilst the
consignment is in the Licensee’s possession nor for any damage to products manufactured by the
Licensee or to products forming part thereof.
12 Force Majeure
Neither party shall be under any liability to the other hereunder on account of any loss, damage, or
delay caused by non-performance of any obligation under this Contract due to any act or omission on
the part of the other party or due to strike or other labor disputes, riots, fire, insurrection, war, the
elements, embargoes, failure of carriers, shortage of power, inability to obtain material or
transportation facilities, compliance with the law, regulations or other causes beyond the control of
the party failing to perform whether or not similar to the foregoing, as well as loss, damage or delay
in deliveries from subcontractors caused by any of the above mentioned circumstances.
The parties shall without delay on first definite notice of force majeure inform each other of the
beginning and in the same manner of the end of such force majeure circumstances.
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13 Law & Arbitration

This Contract is administered and interpreted in accordance with Danish Law, hereunder the
Convention of the International Sale of Goods (C.I.S.G), however except for Danish International
Private Law.
All disputes arising in connection with this Contract shall be finally settled under the rules of
Conciliation and Arbitration of the Copenhagen Arbitration by way of three arbitrators appointed in
accordance with the said rules.
The arbitration proceedings shall be conducted in the English language in Copenhagen, Denmark.
14 Transfer of Contract
The Licensee is not entitled to assign or transfer its rights and obligations under this Contract wholly
or partly to any third party.
15 Language
The official language used in relation to this Contract is English. This includes but is not limited to
training, documentation, correspondence and meetings.
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16 Validity of Contract
If this Contract is terminated for any reason the conditions regarding limitation of liability,
ownership, limits of the right of use, confidentiality and transfer of Contract shall still be binding
upon the parties.
This will revoke the Licensee’s right to use the installed modules as described in section 4 “Rights
Granted”.
Date:
Licensee Licensor
Ker Boon Chong Hans Chr. Jensen
Head Marine Service Head of Sales
Asian Supply Base Sdn bhd RINA Digital Solutions A/S
Enclosures:
1. Licensed Software & Fees

2. Implementation Assistance & Fees
3. Adaptations
4. Computer Installation Required
5. Project Milestones
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Enclosure 1, Licensed Software & Fees

Licensor will deliver for an on-premises installation the following Licensed Software and Assistance &
Implementation Services.
THE LICENSED SOFTWARE INCLUDES :
Applications: SERTICA Maintenance, Vessel system

SERTICA Fleet Management, Office system
SERTICA Procurement, Office system
Add-on Modules: As described below for use for all licensed units
Licensed Software generation: 5
System language(s) included: English
Data capacity: unlimited within the Licensed Software
Number of named users in a network: unlimited within the Licensed Software
Number of client installations: unlimited within the Licensed Software
Number of App installations: unlimited within the Licensed Software
Number of office database(s): 1
Number of registration(s): 06 units*
*Definition of units: As SERTICA is very flexible a unit can be used for various purposes. It can in general be vessels, offices, workshops,
terminals, ports, warehouses and more. Units are to be considered “active” when registered in the SERTICA Fleet Management system.
In this setup 1 office database and 06 vessels/units are included for on-premises installation, using
the applications and add-on modules listed in the following. The SERTICA Maintenance is considered
as being a part of the SERTICA Fleet Management solution, therefore included in the fee.
Applications Database installations Unit registrations $ License Fee
SERTICA 06 06 - a)
Maintenance
SERTICA 1 06
Fleet Management
SERTICA a) 06
Procurement
a) Included in the SERTICA Fleet Management
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Included in the standard solution:
Maintenance Procurement HSQE/Safety
Analytics (Reporting) Analytics (Reporting) Analytics (Reporting)

Data Synchronization Data Synchronization Activity Management
Defect Reporting Document Management Action Board
Document Management Fleet Supervision Data Synchronization
Fleet Supervision Inventory Management Document Management
Inventory Management SERTICA Connect Web Fleet Supervision
Job List Supplier Qualifications
Job Relations Task List
Downtime RFQ Management
Counters / Running hours Approval flows
Add-on module(s) $ License Fee
The following will be added to the solution setup:
Technical add-on module(s)
SERTICA Dynamic Dashboard
Apps, iOS/Android
SERTICA Inspections & Audits App
SERTICA App (Job + Counter + Measurements + Forms + Stock)
SERTICA Approval Web
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HSQE add-on module(s)
SERTICA Management Systems
SERTICA Certificate
SERTICA Event Reporting
SERTICA Cause Analysis (M-SCAT)
SERTICA Forms (MS Word & MS Excel)
SERTICA Forms Designer (for the SERTICA App)
SERTICA Inspections & Audits
Procurement add-on module(s)
No additional add-on modules selected
Interface add-on module(s)
No additional add-on modules selected
Licensed Software, fee $ License Fee
Total License fee MYR 189,000
NOTE: License Fees are one-off fees. All fees are without VAT.
Possible travel costs, travel time, board and lodging are not included.
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PAYMENTS, SOFTWARE LICENSES
Invoicing dates for Software License fees are as follows with payment terms as specified in section
“Payment Terms & Conditions”.
Payment plan for Software Licenses
Amount Days after signature
100% installment of License fee MYR 189,000 7 days
Total, one-time fee License fee MYR 189,000
SERVICE CONTRACT
The service fees, payment terms and conditions are as defined in the Service Contract
(document: 2023\000\00076\4007.01.S.docx)
SPECIAL REMARKS
If this License Contract for some reason is not signed, the validity of all fees mentioned in this
document will expire 31 AUG 2023.
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Enclosure 2, Implementation Assistance & Fees

Consultancy, Assistance & Implementation Services
All the fees below are to be considered as estimates. Licensor will do the tasks as fast and efficient
as possible. Should the estimated timeframe per task change will the Licensor notify the Licensee
as soon as possible and a new estimate will be forwarded accordingly.
Task $ Fee
Installation, basic applications/modules, incl. test environment MYR 22,500

Standard delivered software for office use; SERTICA Fleet Management
Installation package is prepared by Licensor. If other installation assistance is required upon request of
the Licensee, this will be done at the hourly rate. The Licensee needs to make sure that the proper staff is
present at the time of installation such as qualified IT administrator.
Estimated number of hours included: 34 hrs.
General settings, user rights, system configuration MYR 6,750

Licensor will assist in setting up the basic elements of the Sertica solution. This includes defining the user
rights. Licensor will help generating the needed groups. Once the groups are defined the specific users
can be attached to the groups. The Sertica system will automatically distribute the groups to all vessels.
Licensor can deliver the system including default user groups like Administrator, Super User, Daily User
and Guest User, but the Licensor can assist defining the specific user groups according to the
requirements from the Licensee.
User training, Office staff, six (6) sessions, total six (6) days* MYR 35,100
The content of user training can be agreed to and designed in cooperation with the Licensee.
Licensor recommends Super User training for all applications and modules. In this way the participants
will be able to educate other employees within the organization at the customer.
Included in the training can also be material (PowerPoint, training exercises, database etc.) that can be
re-used for later internal purposes. Max. number of participants per session: ten (10)
If on-site training is requested travel costs will be forwarded and is not included in the fee shown here.
Licensor estimates two (2) sessions per functional area, total six (6) days.
In this setup it will be two (2) functional areas; Maintenance (PMS), Procurement (POS) & Safety (HSQE)
Project Workshop, (3) Sessions, total (3) days MYR 20,250

Project workshop forms the pillar of the successful project. The project workshop helps RINA Digital team
to understand the business process and requirements and the system is constructed based on the
requirements collected during the workshop.
Consultancy & Project Assistance, PMS+POS+HSQE** MYR 121,500

This is a full assistance and consultancy services for the entire project period. The Licensor will, together
with the Licensee, take responsibility making sure the project will come to a successful solution
implementation. This service covers elements such as system analysis of workflows, status meetings,
MoM, project related discussions, steering committee management, project consultancy assistance, pre-
training/Go-Live training sessions, quality management, best practice guidance, economic/project
reporting etc.
Estimated number of hours: 200 hrs.
The number of hours identified is an estimate based upon experience from similar projects.
Estimated know costs MYR 206,100

*Offered at a special discounted rate per day and only applicable for the proposed project phase
**Offered at a special discounted hourly rate: MYR 608 per hour. The fee is only valid for the project phase. At end of
project implementation (End of Project ref. Encl. 5) normal rates apply.
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Licensor will provide further installation tasks, implementation, integration services and other
assistance upon the Licensee request on conditions as stipulated below.
The assistance will be carried out either at Licensor or Licensee's Site as mutually agreed from time to
time.
PAYMENT PLAN FOR IMPLEMENTATION ASSISTANCE & FEES
The total Implementation fees will be paid in four installments from the date of signing the contract.
Amount Days after signature
25% installment of Implementation MYR 51,525 7 days

Assistance & Fees

Assistance & Fees

Assistance & Fees

Assistance & Fees
Total, Implementation Assistance & Fees MYR 206,100
FEE FOR IMPLEMENTATION , INSTALLATION & OTHER ASSISTANCE
Assistance upon the Licensee request, the Licensee will be invoiced at the following rates:
Consultant / Developer / Project Manager MYR 790 per hour
FEE FOR ADDITIONAL TRAINING SESSIONS
Fixed fee for additional requested training courses MYR 7,900 per day
Max. ten (10) persons per day/session
FEE FOR TRAVELLING TIME
Direct cost of reasonable travelling, board and lodging will be forwarded. Subsistence and mileage
allowance will be invoiced according to the rules of the Danish Government.
Hourly fee travelling 50% of the Consultant / Developer / Project Manager fee per hour
PAYMENTS, CONSULTANCY , A SSISTANCE & IMPLEMENTATION SERVICES
Invoicing of project scope assistance, services and other project estimates will be done monthly
based upon the delivered number of hours and services (time & material).
Each invoice can be followed by a specification of delivered work.
Possible travels will be invoiced on a monthly basis.
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In general: To be able to plan everything upfront (like possible acquiring visa, travel arrangement
etc.) Licensor need at least three (3) weeks pre-warning before the actual on-site assistance is
required. In case of possible cancellation an administration fee (including already committed travel
costs like flight tickets, hotel costs) will be forwarded. In the case the possible cancellation is due to
reasons not dependent on Licensee, Licensor is responsible for the costs arisen.
See section “Payment Terms and Conditions” for more information.
Fees for consultant services will be regulated/adjusted every year 01 January according to the price
index provided by Statistics Denmark* (governmental organization under the Danish Ministry of
Economic & Business Affairs). The regulation is based upon the index number of November.
*https://www.dst.dk/en/Statistik/emner/priser-og-forbrug/forbrugerpriser/nettoprisindeks
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Enclosure 3, Adaptations
Customer specific changes, modifications, data construction, interfaces and/or new functions (if any)
are to be agreed, and will be specified, implemented and invoiced separately either on man-hour
basis or fixed price.
Hourly rates are stipulated in Enclosure 2
No adaptations or modifications has been identified at current moment.
E 3.1 DATA IMPLEMENTATION, POPULATION OF MAINTENANCE & SPARE PART DATA (OPTIONAL SERVICE )
This service is managed and conducted by a subcontractor of the Licensor, but payments and project
elements are conducted via the Licensor, so the Licensee, as much as possible, have one single point
of contact.
Based upon experience from similar projects the following are the scope for 06 Vessels:
Create components using SFI coding structure.
Create jobs in Job text section and combine similar jobs in one job using job relations.
Create spare parts following company-coding structure.
Attach job procedure documents in document section of jobs.
Create Continuous Machinery Survey jobs in SERTICA in accordance with master class list.
Add counter and calendar triggers based on last work done data and make vessel go live.
Link spare parts to jobs for major machineries (Optional).
LIST OF DOCUMENTS FOR DATABASE POPULATION
Hard or soft copy of maker’s manuals and drawings in hard or soft copies.
CSM list.
Machinery list.
Machinery certificates and system drawings.
Serial numbers of the equipment’s on board. Soft Copies can be uploaded on Cloud, FTP or any
other convenient SharePoint.
Hard Copies to be sent directly to the India office:
(Martech Systems, 513, Lodha Suprimus II, Road no.22, Wagle Industrial Estate, Thane-W,
400604.Maharashtra, India)
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DATA POPULATION USING MACHINERY MANUALS FOR 06 VESSELS – PROJECT SCOPE AND COST
Sr. No.: Task description: $ Fee
1 Creating a component list with maker, model, serial

number, and technical data.
Creating all jobs with complete job descriptions (A
summary of what to be done while doing the task).
Creation of all CSM jobs from CSM list - Optional service
Creation of all safety and company specific jobs.
Combining several jobs under umbrella of one job using
jobs relations – Optional service.
2 Creation of all spare parts from makers manual.
3 Linking of Spares to Jobs in Major Machineries –

Optional service.
Fixed cost per Vessel MYR 22,500*
*The price mentioned is a special discounted price and only applicable if a minimum of 06 vessels
agreed in the contract.
PAYMENT & DELIVERY
The invoice for data construction will be done per vessel and will be invoiced upon delivery of each
vessel database.
The Minimum timeline for the construction and delivery of each lead vessel is 40 days after receiving
the data sources in full.
WARRANTY TERMS
The items mentioned under Enclosure E3.1 needs to be reviewed and signed off by the Licensee
within 90 days from the date of delivery. If the delivery is not signed off within 90 days, the delivery
will be considered as signed off and changes requested after 90 days will be invoiced based on time
and material.
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Enclosure 4, Computer Installation Required

In order to operate the licensed software a server setup is required. A server constellation will be
agreed upon in the initial project phase.
Example of recommended dedicated server specifications for a typical installation with 20-30 users,
where the listed requirements are exclusively allocated for SERTICA:
Office Servers, Hardware, Database Server
Component Minimum Recommended
Processor 64-bit dual-core processor, 2 GHz 64-bit quad-core processor, 2 GHz or faster
RAM 16 GB RAM 32 GB RAM or more for SQL Server
Storage 80 GB storage 300 GB free storage space or more.

When using SERTICA Document
Management or other modules where
documents are saved in database, this
should be considered when assigning
storage space. Also, the number of units
will affect the storage requirements.
Display 1024 x 768 1920 x 1080
Office Servers, Hardware, Application, Web Server etc.
RAM 16 GB RAM 16 GB RAM or more
Storage 60 GB storage 60 GB free storage space or more
Display 1024 x 768 1920 x 1080
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Office Servers, Software
Operating System Microsoft Windows Server 2016 Microsoft Windows Server 2019
Data Management Microsoft SQL Server 2014 Microsoft SQL Server 2019 Standard
System Standard
Internet Internet Information Services 7.5 Internet Information Services 10

Information Server
Microsoft lifecycle policy always takes precedence of the listed software. Installation of Microsoft
SQL Server should be in accordance with Microsoft recommendations for physical and virtual
environments. For Microsoft SQL Server 2019 please review:
microsoft.com/hardware-and-softwarerequirements-for-installing-sql-server-2019
For other versions of Microsoft SQL Server similar recommendations should be applied.
Unit Server Hardware
RAM 4 GB RAM 8 GB RAM or more for the server
Display 1024 x 768 1920 x 1080
Unit Server Software
Operating System Microsoft Windows Server 2016 Microsoft Windows Server 2019
Data Management Microsoft SQL Server 2014 Microsoft SQL Server 2019 Express*
System Express*
*Included in the default SERTICA installation package is a Microsoft SQL Server 20xx Express which
will be aligned with the choice of SQL Server version at the office.
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Office/Unit Client Hardware
Processor 32-bit (x86) or 64-bit (x64), 2 GHz 64-bit (x64) processor, 2 GHz or faster
RAM 4 GB RAM 8 GB RAM or more
Display, office 1080 x 1024 1920 x 1080 and/or dual monitor
Display, unit 1024 x 768 1920 x 1080
Other Keyboard & mouse Keyboard & mouse
Office/Unit Client Software
Operating System Microsoft Windows 10 Microsoft Windows 10
Microsoft .net Version 3.5 (SP1) and 4.8 Version 3.5 (SP1) and 4.8
framework
Web browser Internet Edge Microsoft Edge
Other Microsoft Office 2013 with English Microsoft Office 2019 with English
language pack language pack
TEST ENVIRONMENT
The Licensor highly recommends that the Licensee establish a test environment for test purposes,
data validation, test of modifications and add-ons etc. This can be implemented at the same server as
the production environment but in separated database and application instances.
Licensor can assist in setting up the test environment server.
REMOTE DATA CONNECTION
In terms of being able to provide the most optimal service and support a remote access for the
SERTICA Office Server should be established. Licensor needs administrator user rights for the Office
Server which means read/write/edit and delete rights for the file system and database. Connection
type can be CITRIX, VPN, TeamViewer or other type of secure connection.
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Enclosure 5, Project Milestones

The main estimated milestones for the project/implementation are as follows. These are suggested
milestones. The actual dates will be aligned and confirmed at the project plan meeting. It will be in
both parties’ common interest to allow adjustments in the time schedule in the event of changed
priorities of activity or sudden unforeseen factors that could have impact on the schedule as the
Licensee might find relevant. This gives the most flexible and agile method of project work.
Task Description Date
Signing of the Mutually signed Contracts. No later than

Contracts 01 SEP 2023
Initial Project Either by phone/on-line or in person. Meeting should be TBA

Meeting used to meet the project participants and to agree on the
next steps. Can be held at the same time as the next
more detailed planning meeting.
Project Planning Will be held in person if possible. Meeting is used to plan TBA
Meeting the project and to agree on the different milestones.
Examples of milestones to be agreed:
Collection of data and data migration
Definition and specification of interfaces
IT Installation completion
Workshops & User training
Roll-out plan for the fleet
Go-live for first and last vessel
IT Installation* Installation should be scheduled, including the Licensee TBA

delivering the servers and Licensor installing the
software.
Data Data source preparations, collection of data source at TBA

Construction(s) data factory, and Inventory acceptance
Start-up
Interface(s) If any, definition, specification, agreeing of formats of TBA

Start-up interfaces for e.g. ERP/Financial system.
Status Meeting A recurring status meeting should be held. Interval could TBA
be every week or every month depending on the needs in
the project. Status meetings should be used to discuss
the status of the project and any important items that
need special attention and focus.
Data Validation & delivery of constructed data. TBA

Construction(s)
Delivery
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Interface(s) Validation & delivery of interfaces for e.g. ERP/Financial TBD

Delivery system.
User Training The normal approach is the Licensor educate the office TBA
staff and the trainers who will carry out the actual end-
user training for crew. First session is early in the project
stage.
Further training sessions will be scheduled as close to go
live as possible, as this will ensure that the users have the
system fresh in mind, when they need to start working in
the Licensed Software.
Go-Live** Go-live date must be agreed. Go-live is the date when the TBA
Licensee starts using the system as part of the production
environment. (First vessel operational)
End of Project End of project scope. All vessels live and fully operational. Expected date
DD MMM YYYY
*the Licensor will after successful installation check/test the delivered software works and operated
as planned. After this it is the responsibility of the Licensee to maintain the installation.
**At Go-Live the Licensed Software is to be considered fully delivered and the project scope
described in this Contract is completed/has come to an end.
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Asian Supply Base Sdn bhd

SERTICA, License Contract

All Rights Reserved

RINA Digital Solutions A/S · Sofiendalsvej 5B · 9200 Aalborg SV · Denmark sertica.com

Invoice address: Asian Supply Base Sdn bhd

Invoice person(s): Ker boon chong

Invoice e-mail(s): bcker@int.asiansupplybase.com,

Licensor: RINA Digital Solutions A/S

Party: Either a Licensee or Licensor.

Parties: Licensee and Licensor together.

Product name(s): SERTICA Maintenance, vessel system

Unit(s): The allowed number of unit registrations where a unit means an

Service Release (SR)

Module: A stand-alone program unit which works as an add-on to the Licensed

5.2 3rd Party Software

5.4 User Training

5.5 Other Assistance

5.6 Source Code

7 Payment Terms & Conditions

License Fees as specified in Enclosure 1

8 Service & Support

13 Law & Arbitration

1. Licensed Software & Fees

Enclosure 1, Licensed Software & Fees

THE LICENSED SOFTWARE INCLUDES :

Applications: SERTICA Maintenance, Vessel system

Applications Database installations Unit registrations $ License Fee

a) Included in the SERTICA Fleet Management

Included in the standard solution:

Maintenance Procurement HSQE/Safety

Analytics (Reporting) Analytics (Reporting) Analytics (Reporting)

Add-on module(s) $ License Fee

The following will be added to the solution setup:

Technical add-on module(s)

SERTICA Dynamic Dashboard

SERTICA Inspections & Audits App

SERTICA App (Job + Counter + Measurements + Forms + Stock)

SERTICA Approval Web

HSQE add-on module(s)

SERTICA Management Systems

SERTICA Event Reporting

SERTICA Cause Analysis (M-SCAT)

SERTICA Forms (MS Word & MS Excel)

SERTICA Forms Designer (for the SERTICA App)

SERTICA Inspections & Audits

Procurement add-on module(s)

No additional add-on modules selected

Interface add-on module(s)

No additional add-on modules selected

Licensed Software, fee $ License Fee

Total License fee MYR 189,000

PAYMENTS, SOFTWARE LICENSES

Payment plan for Software Licenses

Amount Days after signature

100% installment of License fee MYR 189,000 7 days

Total, one-time fee License fee MYR 189,000

Enclosure 2, Implementation Assistance & Fees

Installation, basic applications/modules, incl. test environment MYR 22,500