aad olinl ui Lok GY gy) ee as, BAHRAIN FOUNDATION CONSTRUCTION COMPANY W.L.L. CR. No. 43668 Ref. No: BFCC/1624SP/OF19128/KS/13. iz Date: 23.10.2013 P.O. Box: 5632 Manama, Kingdom of Bahrain Tel: 17598800 — Fax: 17593197 Mis G.P. Zachariades (Overseas) Ltd. 7" AY Attn: Sanjay Kumar - Director Project: Proposed Sheet Piling Works for STP ILS Area at Muharraq Subject: Amendment to Letter of Intent OurRef: 1) BFCC/eng 1624SP/OF19052/KS/13 dated 01.10.2013 2) BFCC/1624SP/OF5447/13 dated 21.10.2013 YourRef: 1) 1310/21-15744 dated 22.10.2013 Dear Sir, We thank you very much for placing L.O.1 for the ebove works. As discussed this moming, we request ‘you to kindly amend certain terms and conditions which are as follows: 1) Item 2: Sub Contract Price: Kindly amend to read as “the above quantities are indicative only and will be subject to re- ‘measure upon completion of works”. Delete the word ‘rates’. 2) Item 3: Payment Terms: Advance Payment As informed advance payment of BD 2,206/- is a very nominal amount. As there are huge outstanding amount payable to M/s BECC, we request you to wave off bank guarantee against advance payment. 3) Item 3: Payment Terms: As per our quotation, payment to be made within 30 days by a current dated cheque. Kindly amend the clause in line with our payment terms. 4) Item 6: Type of Subcontract: Kindly amend to read as re-measureable subcontract je. the unit rates as indicated in the BFCC’s quotation ref. BFCC/eng 1624SP/OF 19052/KS/13 dated 01.10.2013 will be fixed. 5) Item 6: Type of Subcontract: As the work itself is of temporary nature and contract amount being very small, we request you to delete the term “All main contract terms are back to back” Page 1 of 2 For all your Foundations Solutions VY AYTEFY: SU AV AYIENS : LaLa olinae dip bal cc yy aul 2 Shae aL VON Ce P.O. Box : 15108, Manama, Kingdom of Bahrain, Mina Salman Tel. : 17 826430, Fax: 17 826437 E-mail : foundations@bfcowl.com, Website : wivw.btcowl.com|BAHRAIN FOUNDATION CONSTRUCTION CO, WLLL. eb als chat yey! Sut 6) Item 6: The Law of England: Kindly amend to read as “the Law of Bahrain will prevail”. This has been agreed in the previous contract as well. ‘You are requested to immediately amend the L.O.1 to enable us to take action to mobilize our equipment to site ‘Thanks for your cooperation in this regard, K. Stinivas General Manager Cc: Mr. John Beddall — Commercial Manager Mr. S. Natarajan — Project Manager Page 2 of