If you want to work in my team you can download this MOU and fill in the marked in red and sign it and send it to sigvehamiltonaspelund@gmail.com I will return it with my signature.

1. MEMORANDUM OF UNDERSTANDING
BETWEEN
AQUINAS OILFIELD SERVICES LTD
AND
partner
SIGVE HAMILTON ASPELUND
with subcontractor
Your name

2. THIS MEMORANDUM OF UNDERSTANDING is made this ………Day of November, 2020 between
Aquinas Oilfield Services Ltd and partner Sigve Hamilton Aspelund, a company duly
incorporated under the laws of Federal Republic of Nigeria with its registration no RC: 678450,
whose principal place of business is situated at Your address. (hereinafter referred to as
“Aquinas” which expression shall wherever the context so admits include its successors-in-title
and assigns) of the one part
AND
Sigve Hamilton Aspelund
with subcontractor , Your name
a business man residing in E1/64 Nand Nagri, Dehli 110093 India. (hereinafter referred to as
“Amit” which expression shall wherever the context so admits include its successors-in-title and
assigns) of the other part
1.0 WHEREAS:

3. 1.1 The Parties to this contract have been in business discussions aimed at exploring
identified possible business opportunities in the Nigerian oil and gas industry including
but not limited to provision and operation of Offshore Vessel Support Services, Pipeline
maintenance, Corrosion protection & prevention, Torquing & Bolting, Tank
revampment, Technical manpower training to the IOCs (Exxonmobil, Chevron, Total,
Shell, SAIPEM etc).
1.2 The object of this agreement is for the parties to agree in principle on their roles in the
proposed relationship and to define matters ancillary thereto, including, without
limitation, arrangement for payments to the parties PROVIDED that this agreement shall
be exclusive to both parties for mutual business interests.
1.3 In order to achieve the desired purpose, the parties hereby agree to execute this
agreement in the manner and extent set out and to undertake all such activities as may
be necessary or desirable for or ancillary to the purposes of the successful performance
of the project [Securing contracts and Provision of Marine offshore vessels for Charter by
the end users and other business as listed in section 1.1]
1.4 The Parties in pursuance of the above clauses are desirous of recording their mutual
understandings, obligations, responsibilities and other conditions governing the herein
contained intended relationship, in the terms and manner hereinafter appearing.
NOW THEREFORE the parties hereby agree as follows:
2.1 Agreement and Mutual Engagement
The Parties hereby undertake and agree that they shall at all material times during the
continuance in force of this agreement observe and perform the terms and conditions as
set out in this agreement.
2.2 The parties shall ensure that they keep all negotiations, discussions and exchange of
documents confidential and shall not disclose same to any third part without the prior
consent of either party to this agreement.

4. 2.3 It is further agreed that parties to this agreement shall be vested with the responsibility
of business sourcing in Nigeria and other parts of the world and shall ensure that this
objectives are achieved in an efficient and timely manner.
3.0 OBLIGATIONS:- AQUINAS OILFIELD SERVICES LIMITED with subcontractor Sigve
Hamilton Aspelund:
It is hereby agreed that AQUINAS OILFIELD SERVICES LIMITED with subcontractor Sigve
Hamilton Aspelund shall be responsible for sourcing and securing contracts for Marine
Offshore Vessels and any other businesses as listed in section 1.1 from IOCs (Exxonmobil,
Chevron, Total, Shell, SAIPEM etc) in Nigeria as the case may be within the upstream and
downstream sector of the Nigerian Marine, Oil & Gas Industry.
3.1 It is hereby agreed that Amit Jaiswal shall be responsible for the sourcing of all the
Vessels and other equipment/materials and Technical personnel required for the
execution of the contracts, subject to availability in the market or New builds for
chattering in order to compliment the efforts in securing the contracts for offshore
support and platform support vessels as the case may be within the upstream and
downstream sector of the Nigerian Marine, oil and gas Industry.
3.2 AQUINAS OILFIELD SERVICES LIMITED with subcontractor Sigve Hamilton Aspelund will
use its contacts and/or connections in the course of securing the contracts and shall go
into formal agreements with respective interests and/or brokers in order to take
advantage of available opportunities.
3.3 Yi Huang shall also take the responsibility of sourcing for the requisite
Equipment/materials, Expert personnel and Funds to finance the project execution, to
ensure that project is delivered in best manner and in record time.
Available Vessels:
Subject to the need and requirement of the Chartering companies, the following are classes of vessels
available commonly needed:
• Anchor Handling Tug Supply Vessels AHTS (with various Bollard Pull)
• Platform Supply Vessel –PSV
• Multipurpose Vessels
• Dive Support Vessels- DSV

5. • Tankers of various sizes
• Crew/SecurityPatrol Boats (withorwithoutBallisticprotection)
• Line Handling Tugs
• Survey Boats
• Surfer Boats
• Accommodation Vessels/Barges
• Work Barges
• Push-Pull Terminal Tugs
• Aflame for pipe Line laying among others
• And other services as listed in section 1.1
3.4 The Parties herein agree that without prejudice to any other understanding contained in
any instrument, the sharing of proceeds shall be as follow:
 AQUINAS OILFIELD SERVICES LIMITED with subcontractor Sigve Hamilton
Aspelund: 50% of the net profit (after all costs had been deducted)
 Your name 50% of the net profit from Sigve Hamilton Aspelunds profit (after all
costs had been deducted)
3.4.1 All cost referred to include but not limited to administrative, legal, technical and related
vessels navigational costs prior and during vessel(s) operation in Nigerian waters and all
other costs incidental to the successfulexecution of the contracts. This applies to allother
types of contracts as listed in section 1.1.
4.0 FORCE MAJEURE
If the performance of the terms of this agreement or any obligation under it is prevented,
restricted or interfered with by reason of riots, civil disturbance, or an Act of God, the
party obliged to perform it or the party so affected (upon giving prompt Notice to the
other party) shall be excused from performance to the extent of the prevention,
restriction or interference, but the party so affected shall use all reasonably possible
means to avoid or remove the causes of non-performance; and shall continue

6. performance under this agreement with the utmost dispatch whenever such causes are
removed or reasonably diminished.
5.0 CONFIDENTIALITY
Neither Party shall at any time (except so far as is necessary and proper in the course of
performance of their duties herein) disclose to any person, any information, which may
come to its knowledge by reason of this MOU, and which ought to be confidential.
6.0 NOTICES
Any notice given under this Agreement shall be in writing and may be served on either
party personally, or by registered or recorded delivery mail, or by telex or electronic mail
or facsimile transmission. Each party’s address for the service of any Notice shall be [the]
above-mentioned address.
6.1 A notice shall be deemed to have been served, if it was served in person, at the time of
service or if it was served by post or electronic mail 48 hours after it was posted, or if it
was served by telex or facsimile transmission, at the time of transmission
7.0 VARIATION:
No variation or amendment of this Agreement [oral or otherwise] shall be valid unless
committed to writing and signed by both Parties.
8.0 TERMINATION
This Agreement shallcome to an end at the instanceof either Party choosing to terminate
it, pursuant to having given the other Party 90 days written notification of its intention to
end this Agreement.
8.1 Parties may give shorter notice to terminate this Agreement in the event of a breach of
any clause in this Agreement and/or refusal/failure of the other Party to comply with or
fulfill its obligations under this Agreement.

7. 8.2 Upon termination of this Agreement for any reason, each Party shall return to the other
Party any documents in its possession or control which contain or record any of the
confidential information.
8.3 The termination of this Agreement shall not extinguish or abridge any rights accruing to
any Party under this Agreement either prior to or upon the termination of this Agreement.
All rights due or accruing to the Parties as at the date of termination of this Agreement
shall be complied with.
9.0 DURATION
This agreement shall remain in force from the date of execution by both parties to the
end of the contract and shallbe subject to renewal ifboth parties sowish. It shallcontinue
thereafter until terminated in accordance with the provisions of this contract.
10.0 SEVERABILITY
In the event of any one or more of the provisions of this Agreement being held for any
reason to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Agreement, and this
Agreement shallbe construed as if such invalid,illegalor unenforceable provision was not
a part of this Agreement, and the Agreement shall be carried out as nearly as possible in
accordance with its original terms and intent.
10.1 If the severed provision is critical to the performance of this Agreement, then the parties
shall negotiate with a view to agreeing upon a valid replacement provision of equivalent
economic effect, which shall replace the severed provision of this Agreement.
11.0 DISPUTE RESOLUTION
11.1 Any dispute arising in relation to or connected with any allegation of or actual breach of
this Agreement shall first be resolved by mutual consultation and consent of the parties.
11.2 Any dispute which cannot be mutually resolved by the parties shall be determined in
accordance with the provisions of the Arbitration and Conciliation Act of Nigeria, by a
single Arbitrator which shall be jointly appointed by the parties. Where parties cannot

8. agree on the appointment of a single Arbitrator, the provisions of the Arbitration and
Conciliation Act, LFN 2004 shall apply.
11.4 All Arbitration proceedings pursuant to this contract shall take place in Nigeria and shall
be conducted in English language.
12.0 GOVERNING LAW
This Agreement shall be governed and construed and legally enforceable law in accordance
with the Laws of Nigeria.

9. Signature page
IN WITNESS WHEREOF the duly authorized representatives of the parties hereto have set their
hands and seals on the day and year first above written.
THE SIGNATURE /COMMON SEAL OF
THE WITHIN NAMED AQUINAS OILFIELD SERVICES LTD with subcontractor Sigve Hamilton
Aspelund
was affixed in the presence of
Name Sigve Hamilton Aspelund
Title: Partner with Aquinas Oilfield services LTD
Signature:………………………………….
In the presence of:
Name:
Signature ……………………………….
THE SIGNATURE/COMMON SEAL OF
THE WITHIN NAMED Matthew Irheren
was affixed in the presence of
Name:
Title::
Signature ……
In the presence of:
Name:
Title …
Signature ……………………………….