ORIGINAL

CRUDE OIL ASSAY REPORT

ASSAY CONDUCTED FOR : SAMPLE DESCRIPTION: SAMPLE NO: REPORT NO: JOB NUMBER: DATE REVISED: DATE REPORTED: PREPARED AND CHECKED BY: MURPHY SABAH OIL CO. LTD. KIKEH CRUDE OIL C4285/07 LB 4908C ( Revision 4 ) 1510/07 09-May-08 17-Dec-07 Gerard Chin

TBP & SIMULATED DIST. GRAPH

600

500

400

TEMPERATURE ( C )

300 TRUE BOILING POINT CURVE

200 SIMULATED DISTILLATION CURVE

100

0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0

-100 CUMMULATIVE WEIGHT %

5 Dec 2007

Kikeh Crude Oil Assay Report

SUMMARY OF PRODUCT CUT POINTS AND YIELDS

CUT POINT ( C ) PRODUCT LPG C5 - 140 140 - 185 185-230 140 - 230 230 - 330 330-370 230-370 370 - 450 450-555 555+ Naphtha Naphtha / Kerosene Kerosene Kerosene Kerosene / Light Gas Oil Heavy Gas Oil Light Gas Oil / Heavy Gas Oil Light Vacuum Gas Oil Vacuum Gas Oil Vacuum Residue YIELD ON YIELD ON

CRUDE ( vol. % ) CRUDE ( wt. % ) 0.98 0.62 17.70 8.63 8.49 17.12 32.08 9.65 41.73 18.68 3.10 0.68 15.59 8.14 8.27 16.41 32.66 10.10 42.76 20.23 3.58 0.81

5 Dec 2007

Kikeh Crude Oil Assay Report

TRUE BOILING POINT DATA

CUT NUMBER 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 CUT POINT AET C LPG 70 90 140 155 185 220 230 260 330 340 350 370 380 450 555 555+ YIELD % ON CRUDE WEIGHT % VOLUME CUT CUM ml 0.62 0.62 87.6 2.27 2.89 252.4 2.54 5.43 263.3 10.78 16.21 1058.7 3.10 19.31 295.2 5.04 24.35 472.5 6.12 30.47 562.0 2.15 32.62 193.0 10.93 43.55 963.3 21.73 65.28 1889.5 2.52 67.79 216.4 3.77 71.56 321.5 3.82 75.38 320.1 2.67 78.05 222.9 17.56 95.61 1438.3 3.58 99.19 276.0 0.81 100.00 60.1 DENSITY at 15 C kg/l 0.5312 0.6713 0.7203 0.7614 0.7853 0.7969 0.8143 0.8338 0.8481 0.8598 0.8693 0.8761 0.8915 0.8957 0.9129 0.9699 1.0028

WEIGHT gram 46.5 169.4 189.6 806.1 231.8 376.5 457.6 160.9 817.0 1624.6 188.1 281.6 285.4 199.6 1313.0 267.7 60.2

VOLUME % CUT CUM 0.98 0.98 2.84 3.82 2.96 6.78 11.91 18.69 3.32 22.01 5.31 27.32 6.32 33.64 2.17 35.81 10.83 46.64 21.25 67.89 2.43 70.33 3.61 73.94 3.60 77.54 2.51 80.05 16.17 96.22 3.10 99.32 0.68 100.00

HOLD UP LOSS
WEIGHT OF SAMPLE ( gm )

88.0 27.0 7590.8 0.8406 9030.2

DENSITY @ 15C OF CHARGE ( kg/l )

VOLUME OF CHARGE @ 15C ( vol )

4 Dec 2007

Kikeh Crude Oil Assay Report

SIMULATED DISTILLATION DATA

No Boiling Point ( C ) IBP -23.8 1 -2.6 2 24.4 3 50.2 4 60.0 5 71.4 6 81.5 7 91.3 8 98.7 9 103.7 10 104.1 11 112.7 12 116.5 13 119.7 14 125.8 15 133.6 16 139.8 17 140.5 18 146.4 19 151.0 20 159.5 21 164.3 22 169.8 23 173.9 24 179.8 25 186.9 26 194.9 27 197.1 28 203.7 29 209.7 30 215.7 31 218.4 32 225.2 33 230.4 34 233.2 35 234.9 36 238.6 37 245.4 38 249.8 39 252.4 40 254.1 41 255.2 42 258.2 43 262.1 44 265.2 45 267.9 46 270.9 47 271.7 48 275.7 49 279.4 50 282.4

Cum Yield ( Mass % ) 0.5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

No 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99

Boiling Point Cum Yield ( C ) ( Mass % ) 286.7 51 287.6 52 292.3 53 295.6 54 299.0 55 302.0 56 303.1 57 303.9 58 307.1 59 311.4 60 315.7 61 317.1 62 323.8 63 334.0 64 342.7 65 344.1 66 347.2 67 350.5 68 352.5 69 354.1 70 357.8 71 360.7 72 361.6 73 365.5 74 368.6 75 370.2 76 376.3 77 380.1 78 383.5 79 389.6 80 391.7 81 397.8 82 401.9 83 406.9 84 412.1 85 416.6 86 421.7 87 426.1 88 430.9 89 435.3 90 440.1 91 444.3 92 449.2 93 455.3 94 460.7 95 468.0 96 478.4 97 495.5 98 522.6 99

5 Dec 2007

Kikeh Crude Oil Assay Report

LIGHT HYDROCARBON ANALYSIS

RESULTS COMPOSITION METHOD LIQUIFIED PETROLEUM GAS WT % ON FRACTION METHANE GC 0.68 ETHANE GC 12.25 PROPANE GC 49.70 I-BUTANE GC 11.24 N-BUTANE GC 19.30 I-PENTANE GC 3.18 N-PENTANE GC 1.89 N-HEXANE+ GC 1.18 CARBON DIOXIDE GC 0.58

NO. 1 2 3 4 5 7 8 9 10

5 Dec 2007

Kikeh Crude Oil Assay Report

DETAILED HYDROCARBON ANALYSIS

RESULTS NAPHTHA (C5 - 140 ) WT % ON FRACTION 38.92 0.00 41.97 14.59 0.00 4.52 0.05 1.83 6.85 21.15 17.52 32.95 12.28 2.84 0.01 0.00 0.00 4.52 0.05 1.83 6.38 8.13 7.42 6.90 5.83 2.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.47 11.71 4.97 20.21 4.21 0.39 0.01 0.00 0.00 1.31 5.12 5.85 2.24 0.07 0.00 0.00 RESULTS NAPHTHA (C140 - 185) WT % ON FRACTION 39.32 0.00 23.05 29.40 0.00 8.23 0.00 0.01 0.05 1.29 3.87 21.56 24.74 25.76 11.61 2.89 0.00 8.23 0.00 0.01 0.03 0.17 0.95 3.69 8.81 15.51 8.51 1.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 1.00 0.87 10.13 6.24 2.86 1.74 0.18 0.00 0.12 2.04 7.74 9.69 7.39 1.36 1.05

NO.

COMPOSITION

METHOD

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

PARAFFINS OLEFINS NAPHTHENE AROMATIC HEAVIES UNKNOWNS TOTAL C3 TOTAL C4 TOTAL C5 TOTAL C6 TOTAL C7 TOTAL C8 TOTAL C9 TOTAL C10 TOTAL C11 TOTAL C11+ TOTAL HEAVIES TOTAL UNKNOWNS C3 PARAFFINS C4 PARAFFINS C5 PARAFFINS C6 PARAFFINS C7 PARAFFINS C8 PARAFFINS C9 PARAFFINS C10 PARAFFINS C11 PARAFFINS C12 PARAFFINS C13 PARAFFINS C14 PARAFFINS C5 OLEFINS C6 OLEFINS C7 OLEFINS C8 OLEFINS C9 OLEFINS C10 OLEFINS C11 OLEFINS C12 OLEFINS C13 OLEFINS C5 NAPHTHENE C6 NAPHTHENE C7 NAPHTHENE C8 NAPHTHENE C9 NAPHTHENE C10 NAPHTHENE C11 NAPHTHENE C12 NAPHTHENE POLYNAPHTHENE C6 AROMATIC C7 AROMATIC C8 AROMATIC C9 AROMATIC C10 AROMATIC C11 AROMATIC C12 AROMATIC

DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA DHA

5 Dec 2007

Kikeh Crude Oil Assay Report

PRELIMINARY ANALYSIS ON CHARGE

NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 TEST Density @ 15 C API Gravity Basic Sediment & Water Water Content Reid Vapor Pressure @ 37.8C Total Acid Number Flash Point Pour Point ASTM Color Total Sulphur Salt Content Nitrogen Content Ash Content Wax Content Kinematic Viscosity @ 40C Kinematic Viscosity @ 70C Characterisation Factor Gross Calorific Value Mercury Asphaltenes Distillation IBP 5 % recovery 10 % recovery 20 % recovery 30 % recovery 40 % recovery 50 % recovery 60 % recovery 70 % recovery 80 % recovery 90 % recovery 95 % recovery FBP Recovery Residue Loss Metal Sodium (Na) Potassium (K) Copper (Cu) Lead (Pb) Iron (Fe ) Nickel (Ni) Vanadium (V) Arsenic (As) METHOD ASTM D4052 ASTM D1298 ASTM D4007 ASTM D4006 ASTM D323 ASTM D664 IP 170 ASTM D97 ASTM D1500 ASTM D4294 ASTM D3230 ASTM D4629 ASTM D482 DIN 52015 ASTM D445 ASTM D445 UOP 375-59 ASTM D240 UOP 938 ASTM D3279 ASTM D86 UNIT kg/l degree vol. % vol. % kPa mgKOH/g C C wt % lb/1000bbls ppm wt wt % wt % cSt cSt MJ/kg ppb wt wt % C C C C C C C C C C C C C % vol % vol % vol IP 470 IP 470 IP 470 IP 501 IP 470 IP 470 IP 470 AAS ppm wt ppm wt ppm wt ppb wt ppm wt ppm wt ppm wt ppb wt RESULTS 0.8406 36.74 <0.05 0.07 # 0.31 7.0 + 18 8.0 0.06 3.0 140 0.045 2.9 2.708 1.669 11.6 44.56 <1.0 <0.5 54.5 85.5 112.8 154.3 204.5 247.5 274.5 298.5 337.8

crack @ 348.8 deg.C

22

15 <1.0 <1.0 <5.0 <1.0 <1.0 <1.0 <10

Remark : 1) # - Unable to test due to nature of sample

5 Dec 2007

Kikeh Crude Oil Assay Report

ANALYSIS FOR PRODUCT CUT

Tests Yield on Crude Yield on Crude Density API Gravity Sulphur Sulphur Nitrogen Total Acid Number Smoke Point Flash Point ( Abel ) Flash Point ( PMCC ) Freezing Point Aniline Point Colour Saybolt Colour ASTM Reseach Octane Number Kinematic Viscosity @ - 20C Reid Vapour Pressure Cetane Index Ash Content Mercaptan Sulphur - Paraffins - Olefins - Naphthenes - Aromatics Naphathalene Content Mercury Distillation - Initial Boiling Point - 5% - 10% - 20% - 30% - 40% - 50% - 60% - 70% - 80% - 90% - 95% - Final Boiling Point - Recovery - Residue - Loss Remarks : 1) * - Insufficient sample 2) N/D - Not Detected Method Unit vol % wt % kg/l ppm wt wt % ppm wt mgKOH/g mm C C C C cSt kPa wt % ppm wt vol % vol % vol % vol % vol % ppb wt C C C C C C C C C C C C C vol % vol % vol % C5 - 70 2.84 2.27 0.6713 79.24 * * 70 - 90 2.96 2.54 0.7203 64.89 5 0.3 RESULTS 90 - 140 140 - 155 11.91 3.32 10.78 3.10 0.7614 0.7853 54.28 48.61 47 120 0.3 0.5 <0.05 23.5 9.5 >- 56.0 40 + 30 140 - 185 8.63 8.14 0.7927 46.92 0.01 1 <0.05 21.5 17.0 >- 56.0 42 + 30 155 - 185 5.31 5.04 0.7969 45.98 0.01 1 <0.05 22.0 25.0 >- 56.0 43 + 30

ASTM D 4052 ASTM D 3120 ASTM D 4294 ASTM D 4629 ASTM D 974 ASTM D 1322 IP 170 ASTM D 93 ASTM D 2386 ASTM D 611 ASTM D 156 ASTM D 1500 ASTM D 2699 ASTM D 445 ASTM D 323 ASTM D 976 ASTM D 482 IP 104 DHA DHA DHA DHA ASTM D 1840 CVAFS ASTM D 86

+ 30 * 111.4

+ 30 * 45.3

+ 30 *

1.116 19.6 21.41 0.001 N/D 30.71 0.00 30.53 26.31 <0.1 6.70 113.9 122.9 127.4 132.4 135.2 139.9 146.9 151.4 155.9 160.4 166.9 171.4 199.9 98.0 1.8 0.2

2.111 26.85 0.002 8.1 39.32 0.00 23.05 29.40 <0.1 4.55 120.4 132.4 136.4 142.9 147.9 154.4 159.9 164.4 169.9 177.4 184.4 189.9 213.4 99.5 0.5 0.0

2.376 30.17 0.001 9.3 44.41 0.00 17.67 30.57 <0.1 6.15 125.9 141.9 146.9 151.4 156.4 163.4 168.4 173.4 178.4 184.4 191.4 196.9 220.4 99.5 0.3 0.2

67.19 0.00 29.84 2.97 <1.0 *

42.30 0.00 50.06 7.59 <1.0 45.0 58.5 64.0 71.0 75.0 78.5 83.5 87.0 90.0 92.5 97.5 99.9 101.4 96.5 0.2 3.3

35.55 0.00 45.77 18.20 5.07 73.5 89.5 90.0 99.5 102.9 106.4 110.4 116.9 121.9 128.4 136.9 144.4 163.9 99.5 0.3 0.2

5 Dec 2007

Kikeh Crude Oil Assay Report

ANALYSIS FOR PRODUCT CUT

Tests Yield on Crude Yield on Crude Density API Gravity Sulphur Nitrogen Total Acid Number Smoke Point Flash Point ( Abel ) Flash Point ( PMCC ) Freezing Point Aniline Point Colour Saybolt Colour ASTM Kinematic Viscosity @ - 20C Kinematic Viscosity @ 40C Kinematic Viscosity @ 50C Kinematic Viscosity @ 75C Kinematic Viscosity @ 100C Cetane Index Refractive Index @ 20C Mercaptan Sulphur - Aromatics - Olefins - Saturates Naphthalene Content Distillation - Initial Boiling Point - 5% - 10% - 20% - 30% - 40% - 50% - 60% - 70% - 80% - 90% - 95% - Final Boiling Point - Recovery - Residue - Loss Remark : 1) * Insufficient sample Method Unit vol % wt % kg/l wt % ppm wt mgKOH/g mm C C C C cSt cSt cSt cSt cSt ppm wt vol % vol % vol % vol % C C C C C C C C C C C C C vol % vol % vol % 185 - 220 6.32 6.12 0.8143 42.18 0.02 2 <0.05 20.0 47.5 >- 56 52 +28 4.942 1.167 RESULTS 220 - 230 2.17 2.15 0.8338 38.12 0.03 5 <0.05 18.0 79 - 36.8 58 + 28 8.180 1.887 1.486 0.910 0.738 42.04 1.4651 * 13.48 6.29 80.24 <0.1 200.0 209.5 213.5 218.5 221.5 224.0 227.5 229.5 233.0 236.5 240.0 244.5 258.0 99.5 0.5 0.0 230 - 260 10.83 10.93 0.8481 35.26 0.04 9 0.07 16.0 96 - 26.3 59 0.5 16.080 2.051 1.708 1.162 0.842 42.17 1.4736 9.8 16.26 9.46 73.29 <0.1 220.0 228.0 230.0 235.5 238.5 241.5 244.0 247.0 251.0 254.5 260.5 262.5 284.5 99.5 0.3 0.2

ASTM D 4052 ASTM D 4294 ASTM D 4629 ASTM D 974 ASTM D 1322 IP 170 ASTM D 93 ASTM D 2386 ASTM D 611 ASTM D 156 ASTM D 1500 ASTM D 445 ASTM D 445 ASTM D 445 ASTM D 445 ASTM D 445 ASTM D 976 ASTM D 1218 IP 104 ASTM D 1319 ASTM D 1319 ASTM D 1319 ASTM D 1840 ASTM D 86

36.90 8.5 20.52 8.78 70.7 <0.1 162.9 170.4 174.3 179.9 184.9 190.4 195.4 200.0 205.0 210.0 215.5 220.0 232.0 99.5 0.8 0.0

5 Dec 2007

Kikeh Crude Oil Assay Report

ANALYSIS FOR PRODUCT CUT

Tests Yield on Crude Yield on Crude Density API Gravity Sulphur Nitrogen Total Acid Number Smoke Point Flash Point ( PMCC ) Freezing Point Aniline Point Cloud Point Pour Point Colour ASTM Kinematic Viscosity @ Kinematic Viscosity @ Kinematic Viscosity @ Kinematic Viscosity @ Cetane Index MCRT - 100% Sample Refractive Idex @ 20C Aromatics Polycyclic Aromatic Distillation - Initial Boiling Point - 5% - 10% - 20% - 30% - 40% - 50% - 60% - 70% - 80% - 90% - 95% - Final Boiling Point - Recovery - Residue - Loss Method Unit vol % wt % kg/l wt % ppm wt mgKOH/g mm C C C C C cSt cSt cSt cSt wt % vol % wt % C C C C C C C C C C C C C vol % vol % vol % 260 - 330 21.25 21.73 0.8598 32.99 0.07 28 0.13 15.0 128 - 4.3 68 -5 - 15 2.0 3.427 3.055 1.810 1.238 47.50 1.4804 16.0 263.5 270.0 271.5 274.5 277.0 280.5 284.0 287.0 292.0 296.5 302.8 308.3 313.3 98.5 1.3 0.2 RESULTS 330 - 340 2.43 2.52 0.8693 31.19 0.10 70 0.26 155 76 + 14 + 15 2.5 7.063 5.479 3.175 2.000 50.08 340 - 350 3.61 3.77 0.8761 29.92 0.11 98 0.33 173 78 + 18 + 18 3.0 350 - 370 3.60 3.82 0.8915 27.13 0.11 195 0.30 188 82 + 34 + 30 6.5 10.220 6.097 3.345 47.54 0.04 1.5043 14.9
ASTM D 1160

ASTM D 4052 ASTM D 4294 ASTM D 4629 ASTM D 974 ASTM D 1322 ASTM D 93 ASTM D 2386 ASTM D 611 ASTM D 2500 ASTM D 97 ASTM D 1500 ASTM D 445 ASTM D 445 ASTM D 445 ASTM D 445 ASTM D 976 ASTM D 4530 ASTM D 1218 ASTM D1319 ASTM D2425 ASTM D 86

40C 50C 75C 100C

6.242 3.377 2.019 49.05 0.04 1.4833 1.4873 Not able to flow 14.4 14.7 310.8 317.3 318.3 318.8 320.3 321.3 322.3 323.8 324.8 326.3 328.3 330.8 333.8 98.0 1.8 0.2 324.3 326.8 327.3 328.3 329.3 330.8 331.8 332.8 333.8 335.3 337.8 339.8 342.3 99.0 0.8 0.2

277 349 362 369 374 376 380 383 388 394 405 415 424 99.0 1.0 0.0

5 Dec 2007

10

Kikeh Crude Oil Assay Report

ANALYSIS FOR PRODUCT CUT

Tests Yield on Crude Yield on Crude Density API Gravity Sulphur Nitrogen Total Acid Number Flash Point ( PMCC ) Aniline Point Cloud Point Pour Point Colour Saybolt Colour ASTM Kinematic Viscosity @ 50C Kinematic Viscosity @ 75C Kinematic Viscosity @ 100C Ash Content MCRT - 100% Sample Asphaltene Arsenic Wax Content Nickel Vanadium Vacuum Distillation - Initial Boiling Point - 5% - 10% - 20% - 30% - 40% - 50% - 60% - 70% - 80% - 90% - 95% - Final Boiling Point - Recovery - Residue - Loss Method Unit vol % wt % kg/l wt % ppm wt mgKOH/g C C C C cSt cSt cSt wt % wt % wt % ppb wt % ppm wt ppm wt C C C C C C C C C C C C C vol % vol % vol % 370+ 22.46 24.62 0.9171 22.70 0.13 380 0.85 204
smpl too dark

ASTM D 4052 ASTM D 4294 ASTM D 4629 ASTM D 974 ASTM D 93 ASTM D 611 ASTM D 2500 ASTM D 97 ASTM D 156 ASTM D 1500 ASTM D 445 ASTM D 445 ASTM D 445 ASTM D 482 ASTM D 4530 IP 143 AAS UOP 46 IP 470 IP 470 ASTM D 1160

RESULTS 370 - 380 380 - 450 2.51 16.17 2.67 17.56 0.8957 0.9129 26.39 23.42 0.11 0.11 243 0.42 0.71 205 215 84.0 85.0
smpl too dark

450 - 555 3.10 3.58 0.9699 14.31 0.24

217
smpl too dark

+ 39 8.0 35.32 13.420 8.363 0.005 0.13 <0.5 <10 11.0 2.30 <1.0 351 379 385 393 403 413 423 435 447 459 489 crack @ 491 deg.C 0.0 0.0

+ 33 8.0 11.82 6.233 4.071 0.010 0.05 <0.5 <10 11.5 <1.0 <1.0 241 361 368 373 377 381 386 391 397 407 423 432 450 98.0 2.0 0.0

+ 42 8.0 11.320 6.306 0.019 0.04 <0.5 <10 32.9 <1.0 <1.0 328 362 383 394 408 410 413 421 430 440 454 464 467 99.0 1.0 0.0

+ 51 8.0 137.3 35.03 0.029 1.73 <0.5 <10 26.9 2.10 <1.0 342 447 463 477 486 492 496 504

crack @ 507 deg.C

0.0 0.0

5 Dec 2007

11

Kikeh Crude Oil Assay Report

ANALYSIS FOR PRODUCT CUT

Tests Yield on Crude Yield on Crude Density API Gravity Sulphur Ash Content MCRT - 100% Sample Method Unit vol % wt % kg/l wt % wt % wt % RESULT 555+ 0.68 0.81 1.0028 9.52 0.3 0.037 14.8

ASTM D 4052 ASTM D 4294 ASTM D 482 ASTM D 4530

5 Dec 2007

12

Kikeh Crude Oil Assay Report

Attachment

GENERAL CONDITIONS OF SERVICE

1. General (a) Unless otherwise agreed in writing or except where they are at variance with (i) the regulations governing services performed on behalf of governments, government bodies or any other public entity or (ii) the mandatory provisions of local law, all offers or services and all resulting contractual relationship(s) between any of the affiliated companies of SGS SA or any of their agents (each a "Company") and Client (the "Contractual Relationship(s)") shall be governed by these general conditions of service (hereinafter the "General Conditions") (b) The Company may perform services for persons or entities (private, public or governmental) issuing instructions (hereinafter, the "Client"). (c) Unless the Company receives prior written instructions to the contrary from Client, no other party is entitled to give instructions, particularly on the scope of the services or the delivery of reports or certificates resulting therefrom (the "Reports of Findings"). Client hereby irrevocably authorises the Company to deliver Reports of Findings to a third party where so instructed by Client or, at its discretion, where it implicitly follows from circumstances, trade custom, usage or practice. 2. Provision of Services (b) Unless a shorter period is established in the invoice, Client will promptly pay not later than 30 days from the relevant invoice date or within such other period as may be established by the Company in the invoice (the "Due Date") all fees due to the Company failing which interest will become due at a rate of 1.5% per month (or such other rate as may be established in the invoice) from the Due Date up to and including the date payment is actually received. (c) Client shall not be entitled to retain or defer payment of any sums due to the Company on account of any dispute, counter claim or set off which it may allege against the Company. (d) Company may elect to bring action for the collection of unpaid fees in any court having competent jurisdiction. (e) Client shall pay all of the Company's collection costs, including attorney's fees and related costs. (f) In the event any unforeseen problems or expenses arise in the course of carrying out the services the Company shall endeavour to inform Client and shall be entitled to charge additional fees to cover extra time and cost necessarily incurred to complete the services. (g) If the Company is unable to perform all or part of the services for any cause whatsoever outside the Company's control including failure by Client to comply with any of its obligations provided for in clause 3 above the Company shall nevertheless be entitled to payment of:

(a) The Company will provide services using reasonable care and skill and in accordance with Client's specific instructions as confirmed by the Company or, in the absence of such (1) the amount of all non-refundable expenses incurred by the Company; and instructions: (2) a proportion of the agreed fee equal to the proportion of the services actually carried (1) the terms of any standard order form or standard specification sheet of the Company; out. and/or (2) any relevant trade custom, usage or practice; and/or 5. Suspension or Termination of Services (3) such methods as the Company shall consider appropriate on technical, operational and/or financial grounds. (b) Information stated in Reports of Findings is derived from the results of inspection or testing procedures carried out in accordance with the instructions of Client, and/or our assessment of such results on the basis of any technical standards, trade custom or practice, or other circumstances which should in our professional opinion be taken into account. (c) Reports of Findings issued further to the testing of samples contain the Company's opinion on those samples only and do not express any opinion upon the lot from which the samples were drawn. (d) Should Client request that the Company witness any third party intervention, Client agrees that the Company's sole responsibility is to be present at the time of the third party's intervention and to forward the results, or confirm the occurrence, of the intervention. Client agrees that the Company is not responsible for the condition or calibration of apparatus, instruments and measuring devices used, the analysis methods applied, the qualifications, actions or omissions of third party personnel or the analysis results. (e) Reports of Findings issued by the Company will reflect the facts as recorded by it at the time of its intervention only and within the limits of the instructions received or, in the absence of such instructions, within the limits of the alternative parameters applied as provided for in clause 2(a). The Company is under no obligation to refer to, or report upon, any facts or circumstances which are outside the specific instructions received or alternative parameters applied. (f) The Company may delegate the performance of all or part of the services to an agent or subcontractor and Client authorises Company to disclose all information necessary for such performance to the agent or subcontractor. (g) Should Company receive documents reflecting engagements contracted between Client and third parties or third party documents, such as copies of sale contracts, letters of credit, bills of lading, etc., they are considered to be for information only, and do not extend or restrict the scope of the services or the obligations accepted by the Company. (h) Client acknowledges that the Company, by providing the services, neither takes the place of Client or any third party, nor releases them from any of their obligations, nor otherwise assumes, abridges, abrogates or undertakes to discharge any duty of Client to any third party or that of any third party to Client. (i) All samples shall be retained for a maximum of 3 months or such other shorter time period as the nature of the sample permits and then returned to Client or otherwise disposed of at the Company's discretion after which time Company shall cease to have any responsibility for such samples. Storage of samples for more than 3 months shall incur a storage charge payable by Client. Client will be billed a handling and freight fee if samples are returned. Special disposal charges will be billed to Client if incurred. 3. Obligations of Client The Client will: (a) ensure that sufficient information, instructions and documents are given in due time (and, in any event not later than 48 hours prior to the desired intervention) to enable the required services to be performed; (b) procure all necessary access for the Company's representatives to the premises where the services are to be performed and take all necessary steps to eliminate or remedy any obstacles to, or interruptions in, the performance of the services; (c) supply, if required, any special equipment and personnel necessary for the performance of the services; (d) ensure that all necessary measures are taken for safety and security of working conditions, sites and installations during the performance of services and will not rely, in this respect, on the Company's advice whether required or not; (e) inform Company in advance of any known hazards or dangers, actual or potential, associated with any order or samples or testing including, for example, presence or risk of radiation, toxic or noxious or explosive elements or materials, environmental pollution or poisons; (f) fully exercise all its rights and discharge all its liabilities under any relevant sales or other contract with a third party and at law. 4. Fees and Payment (a) Fees not established between the Company and Client at the time the order is placed or a contract is negotiated shall be at the Company's standard rates (which are subject to change) and all applicable taxes shall be payable by Client. The Company shall be entitled to immediately and without liability either suspend or terminate provision of the services in the event of: (a) failure by the Client to comply with any of its obligations hereunder and such failure is not remedied within 10 days that notice of such failure has been notified to Client; or (b) any suspension of payment, arrangement with creditors, bankruptcy, insolvency, receivership or cessation of business by Client. 6. Liability and Indemnification (a) Limitation of Liability: (1) The Company is neither an insurer nor a guarantor and disclaims all liability in such capacity. Clients seeking a guarantee against loss or damage should obtain appropriate insurance. (2) Reports of Findings are issued on the basis of information, documents and/or samples provided by, or on behalf of, Client and solely for the benefit of Client who is responsible for acting as it sees fit on the basis of such Reports of Findings. Neither the Company nor any of its officers, employees, agents or subcontractors shall be liable to Client nor any third party for any actions taken or not taken on the basis of such Reports of Findings nor for any incorrect results arising from unclear, erroneous, incomplete, misleading or false information provided to the Company. (3) The Company shall not be liable for any delayed, partial or total non-performance of the services arising directly or indirectly from any event outside the Company's control including failure by Client to comply with any of its obligations hereunder. (4) The liability of the Company in respect of any claim for loss, damage or expense of any nature and howsoever arising shall in no circumstances exceed a total aggregate sum equal to 10 times the amount of the fee paid in respect of the specific service which gives rise to such claim or US$20,000 (or its equivalent in local currency), whichever is the lesser. (5) The Company shall have no liability for any indirect or consequential loss (including loss of profits). (6) In the event of any claim, Client must give written notice to the Company within 30 days of discovery of the facts alleged to justify such claim and, in any case, the Company shall be discharged from all liability for all claims for loss, damage or expense unless suit is brought within one year from: (i) the date of performance by the Company of the service which gives rise to the claim; or (ii) the date when the service should have been completed in the event of any alleged non-performance. (b) Indemnification: Client shall guarantee, hold harmless and indemnify the Company and its officers, employees, agents or subcontractors against all claims (actual or threatened) by any third party for loss, damage or expense of whatsoever nature including all legal expenses and related costs and howsoever arising relating to the performance, purported performance or non-performance, of any services. 7. Miscellaneous (a) If any one or more provisions of these General Conditions are found to be illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. (b) During the course of providing the services and for a period of one year thereafter Client shall not directly or indirectly entice, encourage or make any offer to Company's employees to leave their employment with the Company. (c) Use of the Company's corporate name or registered marks for advertising purposes is not permitted without the Company's prior written authorisation. 8. Governing Law, Jurisdiction and Dispute Resolution Unless specifically agreed otherwise, all disputes arising out or in connection with Contractual Relationship(s) hereunder shall be governed by the substantive laws of Switzerland exclusive of any rules with respect to conflicts of laws and be finally settled under the Rules of Arbitration of the international Chambers of Commerce by one or more arbitratiors appointed in accordance with the said rules. The arbitration shall take place in Paris (France) and be conducted in the English language.

1 June 2004