SBM Offshore Oil Industry Company

Providing Floating Production Solutions To The Energy, Offshore Oil and Gas Industry.
Evert van de Beekstraat 1-77, 1118 CL Schiphol,Amsterdam, Netherlands.
Phone & WhatsApp: +31-647209074.

This agreement is made and entered in the Netherlands Labor Union Law
EMPLOYMENT CONTRACT AGREEMENT BOND
Between
SBM OFFSHORE
AND

-- -- -- -- -- -- -- --
[Hereinafter known and called the Foreign Worker]
____________________________________________________________________________

Our company’s’ law firm representative take pride in representing only two Immigration classes: The Economic Class
(professional/skilled workers, government approved Immigrant investor program, entrepreneurs and self-employed) and the Family
Class (Netherlands, Holland, Canada , USA , Australia & New Zealand permanent residents or citizens wishing to sponsor a relative for
permanent residence in New Zealand or Australian). Our law firm is led by Barrister Mark Manhire who has over 25 years’ experience
with Canada, USA , Australia Australian and New Zealand Immigration law.
______________________________________________________________________________________________________________________

WHEREAS: Incorporated under the Netherlands Employment Law and the Labor Union Law, the both parties willing to go into
a joint arrangement for mutual benefits of the terms , conditions and purpose here in after stated:

I, Mr. Ronald Van Holland [MEng], Head- Human Resources of SBM Offshore Oil Industry Company
Netherlands hereby agree to offer employment with newly employees that consents to all that is written
below in this Memorandum of Understanding and Contract Agreement Bond.

JOB ASSIGNMENT AND WAGE:

The Employer hereby engages with Employee, if employee agrees to work for the Employer at monthly
salary of 13,500 Euro (Thirteen Thousand, Five Hundred Euro) monthly after deducting all taxes.

SALARY AND ALLOWANCE: Employer shall pay the employee a net sum of 13,500 Euro (Thirteen
Thousand, Five Hundred Euro) monthly after deducting taxes which will be received on 27th of every
month. There will be a 20% salary increment annually. The salary breakdown is as stated below:
Basic Salary: 9,500 Euro
Medical Allowance: 1,100 Euro
Conveyance Allowance: 1,200 Euro
Performance Bonus: 700 Euro
Dearness and Special Allowance: 1,000
NET PAY: 13,500 Euro monthly.
CONTRACT PERIOD: The contract period shall be for duration of three [3] or five [5] years as the
employee wishes and will be renewed only if employer is satisfied with employee’s service. This
shall be in effect from the day of she/he commences duty.

Evert van de Beekstraat 1-77, 1118 CL Schiphol,Amsterdam, Netherlands.

TERMINATION UPON NOTICE: Notwithstanding any other provision contained herein, Employee’s
employment with the Company is terminable immediately at the will of either the company or the employee, with or
without cause, upon 30 days written notice from both sides. In cases where Employee provides 30 days’ notice, the
Company has the right to replace Employee at any time during the 30 days and will be responsible to pay wages
only through the last day the Employee actually works.

TERMINATION FOR UNFITNESS: In the event the Company determines, in its sole discretion that Employee is
or has become unable or unfit to perform all the usual work in the position for which he/she was hired due in whole
or part to illness, injury or incapacity, Employee’s Agreement shall automatically terminate. For terminations under
this, Employee is entitled to two months wages at the rate of his/her basic rated pay and to the amount of paid leave
accrued, if any, during his/her period of service with the company to the date of termination.

SICK LEAVE AND FAMILY RESPONSIBILITY: If the Employee is unable to work due to any sickness or
injury, the Employee will be entitled to sick leave in accordance with the applicable legislation, the Employee will
furthermore abide by any additional rules implemented by the Employer to regulate sick leave. The Employee is
entitled to family responsibility leave in terms of the applicable legislation. The Employer may require reasonable
proof of the facts that support to the Employee’s request to take such leave.

TICKET AND VISA: Employer shall provide the employee flight ticket[s] with family members if any and all
necessary documents needed to facilitate the approval and process of employee Visa / Work Permit, while
Employee/Candidate will be responsible for the payment of visa/work permit application fee /travel documents
processing during their travel documents processing at the Netherlands High Commission. The Employer shall
refund all the amount employee spent on visa/work permit processing charges by the Employee and pay two month
salary in advance when employees visa/work permit and travel documents is confirmed to have completed before
departing his/her home country.

WORKING DAYS AND WORKING HOURS: Working days are from Monday to Friday. You are entitled to a-
day off per week. Working hours are from 8.00 am to 12.00 pm & 1.00 pm to 4.00 pm. The working hours shall not
exceed 6 to 8 hours a day for 5 days per week.
ACCOMODATION: A well-furnished safe and hygienic accommodation including sitting room, visitor’s
room and bedrooms suitable for family will be provided for employee during the term of contract. The
company shall provide excellent educational assistance to staff with family status.
We shall also provide complete meals for you and family as deemed appropriate along with Life Insurance
policy, maximum and efficient security both in work place and housing community.

VACCATION: Employee shall be authorized for six weeks fully paid vacation annually during the term of
contract, which can be used at the employee discretion after duly informing and receiving approval from the
respected supervisory department.
MEDICAL CARE: Employer shall provide free medical coverage in the Netherlands for you and family
throughout the contract duration.

MATERNITY AND CHILD CARE LEAVE: Female employees will be entitled to the maternity leave as per
Netherlands law. Employee need to provide a letter from the Company’s doctor. Maternity leave will be on a fully
paid leave as long as the employee has served for a minimum of 90 days before the date of first confinement.
HOLIDAYS AND LEAVE: Annual leave of 30 days shall be given to the Employee when completed one year
employment with regular pay sum of 15,000 Euro.

OVERTIME: If the Employee works more than the 8 normal working hours or on weekend beyond the
regular work day, the Employee shall be paid extra for overtime by the Employer at the rate of 50 Euro
per hour (not less than the minimum rate set by the Local Labor Law). If the Employee works on holidays,
the Employee shall be paid extra for Overtime by the Employer at the rate of 60 Euro per hour (not less than the
minimum rate set by the Local Labor Law).

Evert van de Beekstraat 1-77, 1118 CL Schiphol,Amsterdam, Netherlands.

VISA, WORK RESIDENT PERMIT: Employee shall in no circumstance ask the Immigration services or
company to deduct the fee for paper work of visa, work/resident permit papers processing charges/cost from their
first month salary. Note that 200% monthly salary, flight ticket as well as other monetary benefits will be issued to
employee only when they must have completely processed their Visa, Work/Resident permit papers and travel
documents from the Embassy. We have signed a contract agreement with the Embassy for easy acquisition of
employee visa/work permit travelling documents as readiness by employee to join the team. If you agree with the
company terms and condition, kindly sign it and send it to back for immediate documentation.

ATTESTATION: Please confirm your acceptance of the above terms and conditions by signing on the lower right
hand side and returning to us the duplicate copy of this letter at the earliest once you receive this agreement
document.

Employer’s Name: Mr. Ronald Van Holland, Employee’s Name __________________

Sign: Sign: _____________________________

Designation: Human Resources Manager. Date: _____________________________

ENTIRE AGREEMENT: This agreement embodies the entire understanding of the parties hereto and any prior
arrangements or representation is hereby superseded.

THIS IS AN IMPORTANT LEGAL AGREEMENT. READ IT CAREFULLY BEFORE SIGNING

Employee acknowledges his/her responsibility to read this Agreement, understand its contents and adhere to all of
its provisions. Employee understands and agrees that the Collective Bargaining Agreement (“CBA”) between the
Company and Employee attached hereto is incorporated into and made part of this Agreement and is binding on
Employee and Company. Employee acknowledges his/her responsibility to read this Agreement, understand its
contents, and adhere to all of its provisions. Employee is not signing this Agreement under duress of any kind.
Employee acknowledges that he/she has had the opportunity to examine the Agreement and seek any advice on it
before signing. Employee affirms that he/she accepts and will abide by each and every provision of this Agreement,
but not limited to, the Guaranteed Monthly Wage, Governing Law and Arbitration provisions contained therein.
Employee acknowledges and accepts that the Guaranteed Monthly Wage includes all or some overtime. Employee
agrees to abide by all other written or oral rules, regulations, policies and procedures of Company and/or the
Affiliated Companies and/or any on which he/she is assigned, whether set forth in this Agreement or elsewhere.

The parties agree that this Agreement is entered into and agrees to receive this Agreement in printed or electronic
form and that an electronic scan, copy or facsimile of this Agreement consisting of four pages and its attachments
shall be as valid as the original and that Employee has received a full copy of this Agreement .

Employee agrees that Company’s retention of a paper or electronic copy of this Agreement shall only be deemed
conclusive and irrefutable evidence that Employee received and signed this Agreement.

BACKGROUND:
The employer is a lawfully established business, licensed incorporated and operating with the laws of the
Netherlands. It is the belief of the employer that the employee possesses those skills, qualification and abilities to
contribute to and further the aims and aspirations of SBM Offshore Company Netherlands.
The Employee should agree to work with SBM Offshore with good moral and attitude for a net monthly salary of
13,500 Euro.

Evert van de Beekstraat 1-77, 1118 CL Schiphol,Amsterdam, Netherlands.

*Sick Leave: Such notice shall be given within the first four (4) hours of the working day. In a case of emergency
situation an employee will be treated or flown to any country suitable for the best medical attention.
Holidays: All government gazette public holiday will be observed depending on the exigencies of work, the
management may decide to operate on a holiday on overtime paid hours.

Duration of contract: 3 or 5 years [Renewable] -Employment Type: Full Time

-ACCOMMODATION: Employer’s responsibility -FEEDINGS: Employer’s responsibility

-AIR-TICKETS: Employer’s responsibility -WORKING HOURS: 9:00 am to 5:00 pm

-CONTRACT PEROID: Negotiable -ALLOWANCE: Paid by the Employer

Salary Breakdown-
Description Rate Monthly Total [Euro]

Basic Salary 9,500 9,500 9,500

Medical Allowance 1,100 1,100 1,100
Conveyance Allowance 1,200 1,200 1,200
Performance, Dearness &
Special Allowances 1,700 1,700 1,700
NET SALARY: 13,500 Euro.-

ANNUAL LEAVE: One month leave per year with leave allowance of 15,000 Euro shall be paid to employees.

Confidentiality
The Employee may not either during or at any time after the termination of his/her employment with the Employer
discloses to anyone other than in the proper course of his/her employment, any information of a confidential nature
relating to the Employer, the Employer’s customers or suppliers and shall further not use any such information in a
manner which may either directly or indirectly cause loss to the Employer. Confidential information includes (but is
not limited to) financial information, commercial information, technical information, sales and marketing
information and trade secrets.

Termination
After confirmation of your employment, notice of termination of employment will be One (1) month in writing or
One (1) Month salary in lieu of notice from either party. Notwithstanding the aforementioned, the Company shall be
entitled to terminate your employment without notice, indemnities and compensation in any of the following events:
If you are, in the opinion of the Company, guilty of dishonesty, misconduct or negligence in the performance of
your Duties; (ii) If you have been found to have committed a serious breach or continual material breach of any of
your duties or Obligations; (iii) If you are found to have made illegal monetary profit or received any gratuities or
other rewards, in cash or in kind, out of any of the Company’s affairs or any of its subsidiaries or related companies
This Letter of Contract shall be governed in accordance to the Employment and labor Laws and Regulations 2023 of
the Netherlands.

EMPLOYEES ACCEPTANCE AND ACKNOWLEDGEMENT

I……………………………………………………………… have read and understood

the above terms & conditions of the Memorandum of Understanding and Contract
Agreement Bond and hereby affix my signature in acceptance of same.

Evert van de Beekstraat 1-77, 1118 CL Schiphol,Amsterdam, Netherlands.

 CONTRACT EMPLOYMENT ACCEPTANT BOND

I, Mr. /Mrs. /Ms……………………………………………………………………………

Of (NATIONALITY): ……………………… And PASSPORT NUMBER ……………..

Hereby covenant/ undertake/agree that throughout the duration of my employment, I shall not
divert any contract/business of the company to myself or any other person or company.
I shall not engage while under the employment of the company in any business that conflicts
company/business or any other rival or conflicting business with the company either alone or in
collaboration with other person while I am still under the employment of the company.

That during the continuance of my employment with the company and for the period of my
appointment I will not engage in any employment or divulge any information which came to my
knowledge in the course of carrying out my duty or reveal any trade secret(s) to another
company or person(s) who engage in rendering same services or production within the same
locality with the company except with the written consent/permission of the company.

Thank you sincerely.

SIGNED BY:
Mr. Ronald Van Holland.
Human Resources Manager,

SBM Offshore Oil Industry Company,

Evert van de Beekstraat 1-77,
1118 CL Schiphol,
Amsterdam, Netherlands.
Phone & WhatApp: +31-647209074.

EMPLOYEES NAME & ACCEPTANCE

SIGNED BY: …………………………… SIGN: ……………………DATE: …………………

Sign the Contract Agreement if you accept the term s and conditions and if you are eligible to come to work here in Netherlands.

This Agreement was Drafted and Revised by BARR. Mark Manhire ASS. (Esq.) (BA) LLM, WITS.(Soliciting
Partner, Netherlands, Holland, Canada, USA, Australia & New Zealand Immigration Foreign Worker Affairs .

Evert van de Beekstraat 1-77, 1118 CL Schiphol,Amsterdam, Netherlands.