SCHOLARSHIP FOR UNDERGRADUATE STUDIES IN SINGAPORE

To be filled up
SCHOLARSHIP AGREEMENT only when
scholar signs in
SEMBCORP INDUSTRIES the presence of
scholarship
officer

THIS AGREEMENT is made the ____ day of between “the COMPANY”

named in The First Schedule to this AGREEMENT of the first part, the SCHOLAR named in the First
Schedule of the second part and the SURETIES named in the First Schedule of the third part.

WHEREAS the COMPANY has agreed to provide the SCHOLAR a scholarship for an undergraduate
degree course specified in the Second Schedule (hereinafter called “the course of study”),

and the SCHOLAR has agreed to accept the scholarship and pursue the course of study and if required
by the COMPANY, to serve the COMPANY thereafter or to enter into the service of any other
COMPANY within the GROUP as set out in the Third Schedule to this AGREEMENT as the
COMPANY may direct (hereinafter called the “GROUP”), or failing that any other lawful organisation
or organisations as set out in accordance with Clause 1(e) below which has been approved by the
COMPANY, and the SURETIES have agreed to guarantee the performance of the obligations of the
SCHOLAR hereunder.

NOW THEREFORE

1 The SCHOLAR with the approval and consent of the SURETIES hereby agrees -

a) that he will honour his acceptance of the scholarship offer made by the COMPANY from
the time of accepting the scholarship offer till the time he takes up the course of study; and

b) that he will enter upon and diligently continue the course of study commencing on
<DATE> and that he will successfully complete the course of study within the prescribed
time specified in the Second Schedule hereto or such longer time the COMPANY may
approve; and

c) that he will not, while undergoing the course of study, participate in any optional or
additional course or programme, whether related to the course of study or otherwise, that is
not a compulsory requirement for the course of study, unless he has obtained the prior
written consent of the COMPANY; and

d) that he will if required by the COMPANY at any time within six (6) months of the
completion of the course of study serve the COMPANY or one of the companies in the
GROUP, if any, in any post the COMPANY may designate for a period of six (6) years
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 from the date of his appointment (hereinafter called the "BOND PERIOD") upon the terms
and conditions for the time being usually applicable to such post and at a salary in
accordance with the scales of salaries for the time being in force relating thereto; and

e) that if he is not required by the COMPANY to serve the BOND PERIOD as set out in
paragraph (d) above or if he ceases for whatever reason to serve the said BOND PERIOD
then he shall immediately and diligently seek employment in Singapore, and work for a
Singapore-registered company (whether in the public or private sector) for a period or
periods in aggregate equivalent to the BOND PERIOD or the balance BOND PERIOD
either:-
(i) in a capacity that would cause him to be legally resident in Singapore for tax purposes; or
(ii) if employed outside Singapore by such company, he shall ensure that he remits a sufficient
amount of his earnings into Singapore such as would subject him to tax liabilities in
Singapore as if he was legally resident in Singapore for tax purposes.

2 In consideration of the premises and at the request of the SURETIES, the COMPANY hereby
agrees to provide the SCHOLAR with the benefits set out in the Fourth Schedule hereto.

3 It is hereby agreed and declared that if at any time during the currency of this AGREEMENT,
either of the SURETIES shall die or cease to reside within Singapore or Indonesia or shall be
adjudged a bankrupt then and in such an event, the SCHOLAR and the other surety or either of
them shall substitute another surety who shall be to the satisfaction of the COMPANY and who
shall be ready and willing to substitute for and take over the obligations under this
AGREEMENT of the surety so dead, or ceasing to reside as aforesaid or being adjudged
bankrupt. Provided that in the event of another surety to the satisfaction of the COMPANY not
being found or in the event of such other surety refusing to enter into an agreement to be bound
by the terms and conditions of this AGREEMENT relating to the SURETIES, the COMPANY
may at its option at any time thereafter terminate the course of study and the SCHOLAR shall
thereupon cease to have any claim to any benefits under this AGREEMENT.

4 (a) It is further agreed and declared that if the SCHOLAR in the sole opinion of the
COMPANY:-
(i) fails for any reason whatsoever to take up the course of study; or
(ii) fails for any reason whatsoever to successfully complete the course of study; or
(iii) fails for any reason whatsoever to complete the course of study within the
prescribed period of time without the consent of the COMPANY; or
(iv) fails to obey any directions given by or on behalf of the COMPANY; or
(v) fails to show sufficient application to his course of study; or

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 (vi) shows himself unlikely to achieve the result for which the course of study is
designed; or
(vii) fails to accept the offer of employment made by the COMPANY or one of the
companies in the GROUP or to commence employment within one (1) month after
an offer of employment is made by the COMPANY or one of the companies in the
GROUP pursuant to paragraph 1(d) above; or
(viii) by his own conduct renders himself unsuitable to serve or continue to serve or work
in accordance with the provisions of paragraph 1(d) or 1(e) of the AGREEMENT;
or
(ix) resigns or leaves the service of the COMPANY or any one of the companies in the
GROUP as the case may be within the BOND PERIOD referred to in paragraph
1(d) without the consent of the COMPANY; or
(x) is dismissed or has his services terminated by the COMPANY or any one of the
companies in the GROUP or with any other organisation in which he is employed in
accordance with the provisions of paragraphs 1(d) or 1(e) above for misconduct,
negligence or incompetence in his duties before the expiry of the BOND PERIOD;
or
(xi) has been negligent or incompetent in the pursuit of his studies or conduct of his
duties, or has failed to conduct himself in a manner befitting a scholarship holder/
officer of the COMPANY (including but not limited to unfavourable reports from
the SCHOLAR’s tutors, lecturers, teachers and/or hostel managers, plagiarism, and
conduct resulting in a criminal conviction); or
(xii) suffers from one or more medical conditions which in the opinion of the
COMPANY , renders himself unable or unsuitable to pursue the course of study
before completion thereof; or
(xiii) breaches any of the terms of this AGREEMENT.

then and in every such case the SCHOLAR and the SURETIES shall be jointly and severally
liable for themselves, their heirs, assigns and executors and shall pay to the COMPANY on
demand the amount in damages specified in Fifth Schedule to this AGREEMENT (hereinafter
called the "LIQUIDATED AMOUNTS").

(b) Notwithstanding the above, if the SCHOLAR is unable to take up or complete the
course of study within the prescribed period of time due to illness, accident or other
extenuating circumstances, the COMPANY may at its discretion terminate the
scholarship and waive the payment of the LIQUIDATED AMOUNTS by the
SCHOLAR and the SURETIES.
(c) Notwithstanding the above, the COMPANY shall reserve the right (i) to increase the
LIQUIDATED AMOUNTS as and when there are unforeseen increases in tuition, travel
and other costs. The SCHOLAR and the SURETIES shall be informed of such
increase in the LIQUIDATED AMOUNTS which shall be based on the increase in cost
st
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 with 10% compound interest per annum; and (ii) to add or delete the benefits and
arrangements listed in this AGREEMENT. The SCHOLAR shall be informed and the
LIQUIDATED AMOUNTS shall be amended accordingly.

5. It is agreed that in any of the situations listed in Clause 4(a)(v) or Clause 4(a)(vi) the
COMPANY may in its absolute discretion suspend the scholarship for up to a period of two (2)
years, subject to terms and conditions stipulated by the COMPANY. The liabilities of the
SCHOLAR and the SURETIES under this AGREEMENT shall not be affected by such
suspension.

6 It is further agreed and declared that anything hereinbefore contained to the contrary
notwithstanding, (a) the scholarship awarded under this AGREEMENT is subject to review
annually by the COMPANY; and (b) THE COMPANY may by one (1) month's notice in
writing to the SCHOLAR cancel this AGREEMENT at any time, without assigning any reason
whatsoever therefore and thereupon all benefits to and liabilities of the SCHOLAR or the
SURETIES under this AGREEMENT shall cease without prejudice to any antecedent benefits
and liabilities.

7 Nothing in this AGREEMENT shall restrict the right of the COMPANY to enforce the terms of
this or any other agreement concluded between the COMPANY, the SCHOLAR and the
SURETIES of such other agreement, whether or not the SURETIES of such other agreement
are also the SURETIES of this AGREEMENT.

8 It is hereby further agreed that

(a) the liabilities of the SURETIES hereunder or their estate shall not be affected or
prejudiced:
(i) by any extension of time, reduction of monies payable or any concession or waiver
or indulgence given or agreed to by the COMPANY with or without the assent of
the SURETIES; or
(ii) by any change in the nature of work undertaken by the SCHOLAR hereunder; or
(iii) by any forbearance, whether passive or express, on the part of the COMPANY in
enforcing any of its remedies hereunder; or
(iv) by any other act or thing which but for this clause would operate as a release of the
SCHOLAR or the SURETIES.
this AGREEMENT shall continue to bind the SURETIES and the SCHOLAR notwithstanding
any change in the constitution of the COMPANY (whether by amalgamation, reconstruction or
otherwise) by which the business of the COMPANY may for the time being be carried on and
the rights and obligations in this AGREEMENT shall accrue to the COMPANY carrying on the
business of the COMPANY for the time being.

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9 The SCHOLAR with the consent of the SURETIES hereby further undertakes -
(a) to absolve the COMPANY including its servants and agents from all liabilities to the
SCHOLAR or his personal representative howsoever occasioned (whether or not by any
act or by any omission or neglect of the training establishment wherein he undertakes
the course of study or of its servants or agents) which he may sustain by reason of or
during his tenure of the course of study; and
(b) to indemnify and keep harmless the COMPANY against all proceedings, suits, actions,
claims, demands, costs and expenses whatsoever which may be taken or made against
the COMPANY or incurred or become payable by the COMPANY in respect of any
injury (whether fatal or otherwise) to any person or damage or loss to any property
occasioned directly or indirectly by any act, omission or other default by the
SCHOLAR while on or otherwise in relation to or arising out of the course of study.

10 A demand, notice, certificate or other communication may be given by any officer or solicitor of
the COMPANY and shall without prejudice to any other effective mode of making the same be
deemed to have been sufficiently served on the SCHOLAR, the SURETIES or their respective
personal representative(s) under this AGREEMENT if sent to the address last known to the
COMPANY (or such other address as shall have been specified for the purpose in writing by the
SCHOLAR or the SURETIES to the COMPANY) and shall be deemed to have been received
by the SCHOLAR or the SURETIES if sent by post to an address within Singapore, twenty-
four hours after posting, if sent by registered mail to an address outside Singapore, twenty days
after posting, if sent by hand, immediately upon delivery by messenger or upon personal
collection by the SCHOLAR or the SURETIES, if sent by telegram, twenty-four hours after
sending and, if sent by telex or, telefax, forthwith after transmission. In proving service it shall
be sufficient to prove that the notice or demand was properly addressed and posted or delivered
or transmitted.

11 It is hereby agreed that the First, Second, Third, Fourth, and Fifth Schedules to this
AGREEMENT shall be read with and shall form part of this AGREEMENT.

12 The parties hereto agree that this AGREEMENT shall be governed by the laws of Singapore and
that the courts of Singapore shall have jurisdiction to finally decide all questions arising
hereunder.

13 In this AGREEMENT, words importing the masculine gender include the feminine.

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 The First Schedule

Name of Parties

THE COMPANY

NAME

ADDRESS

THE SCHOLAR

NAME ____________________________________________________

IDENTITY CARD NO./PASSPORT NO./CERTIFICATE OF IDENTITY NO./

DOCUMENT OF IDENTITY NO. ___________________________________

ADDRESS ____________________________________________________

________________________________________________________________

THE FIRST SURETY

NAME ____________________________________________________

IDENTITY CARD NO./PASSPORT NO./CERTIFICATE OF IDENTITY NO./

DOCUMENT OF IDENTITY NO. ____________________________________

ADDRESS _____________________________________________________

_________________________________________________________________

THE SECOND SURETY

NAME ______________________________________________________

IDENTITY CARD NO./PASSPORT NO./CERTIFICATE OF IDENTITY NO./

DOCUMENT OF IDENTITY NO. ______________________________________

ADDRESS _______________________________________________________

___________________________________________________________________

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 THE SECOND SCHEDULE

Item 1 : The Course of Study

___________________________________________

Item 2 : The Place(s) of Study

NANYANG TECHNOLOGICAL UNIVERSITY

Item 3 : The Prescribed Time

_______ years

THE THIRD SCHEDULE

(a) Keppel Corporation Ltd

(b) Neptune Orient Lines Ltd

(c) PSA Corporation Ltd

(d) SembCorp Industries Ltd

(e) Singapore Airlines Ltd

(f) Singapore Telecommunications Ltd

(g) The Development Bank of Singapore Ltd

The SCHOLAR will be informed of any changes to THE THIRD SCHEDULE by the COMPANY
through the issue of new supplementary schedules.

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 THE FOURTH SCHEDULE

(a) One economy class air ticket from Indonesia to Singapore at the commencement of the
course of study and one economy class return air ticket between Singapore and Indonesia
upon completion of the course of study; and

(b) All application, tuition and other compulsory fees for the course of study; and

(c) Scholarship allowance; and

(d) Accommodation allowance equivalent to the lowest double room rate (where applicable);
and

(e) A one-time settling-in allowance.

THE FIFTH SCHEDULE

LIQUIDATED AMOUNTS

(1) Subject to paragraph (2) below, the amount of liquidated damages for which the SCHOLAR and/or the
SURETIES shall be liable under Clause 4(a) of this Agreement shall be all monies already paid to or on
behalf of the SCHOLAR in accordance with The Fourth Schedule (including any monies not yet paid but
which has become legally payable by the COMPANY to any third party), PLUS interest at the rate of 10%
per annum on each of the sums disbursed, calculated from the respective dates of disbursement to the date
the liquidated damages become payable or to the date the SCHOLAR commences service with the
COMPANY/GROUP after completion of the course, whichever is sooner. The accrued interest shall be
compounded at the expiry of a year from the respective dates of disbursement of each of the sums and at the
expiry of every subsequent year thereafter.

(2) The liquidated damages for which the SCHOLAR and/or the SURETIES shall be liable hereunder shall
be subject to a cap of:
(i) SGD150,000 if the SCHOLAR is in a single-degree programme; or
(ii) SGD170,000 if the SCHOLAR is in a double-degree programme.

(3) Notwithstanding anything in this Schedule, if the SCHOLAR has served any part of the Bond Period, the
amount of liquidated damages payable may be reduced by the same proportion as that obtained when the
number of completed months served is divided by the total Bond Period.

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IN WITNESS WHEREOF the parties hereto have hereunto set their hands and seals as shown below.
Sponsor
I Signed, Sealed and Delivered by: ) Company to
) sign. To
leave blank
NAME: )
DESIGNATION: ) (Signature)
)
for and on behalf of )
)

Sponsor
in the presence of: ) Company to
) sign. To
leave blank
NAME: )
DESIGNATION: ) (Signature)
Scholar to sign
II Signed, Sealed and Delivered by: ) in the presence
of Scholarship
) officer
NAME: )
(THE SCHOLAR) ) (Signature)
Who appeared fully to understand the nature
and effect of this agreement
)
Scholarship
in the presence of ) Officer to
sign
NAME: )
DESIGNATION: ) (Signature)
1st surety to
III Signed, Sealed and Delivered by: ) sign in
) presence of
notary public
NAME: )
(THE SURETY 1) ) (Signature)
) Notary public
in the presence of ) to sign and
stamp
NAME: )
DESIGNATION: ) (Signature)
2nd surety to
sign in
IV Signed, Sealed and Delivered by: ) presence of
) notary public
NAME: )
(THE SURETY 2) ) (Signature)
)
Notary public
in the presence of ) to sign and
stamp
NAME: )
DESIGNATION: ) (Signature)

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