ࡱ> NPM5@bjbj22"2XX%,,,,,,,@8 ,L,@0(F0H0H0H0H0H0H0$}1R3tl0,l0,,0qqq,,F0qF0q4q,|,,".x Pu%3J-20000\-C4vC4$".@@,,,,C4,".qq l0l0@@D dO"@@AGREEMENTThis Agreement is entered into on this .. day of December 2006, by and between:Shiekan Insurance and Reinsurance Company, a company registered in Sudan, with its registered address at Shiekan Building-El-souk El- Arabai, Khartoum, Sudan (hereinafter SIR)andNORMECA AS, a company registered in Norway, with its registered address at Mailandveien 12, P.O Box 404, 1470 Loerenskog, Norway (hereinafter NORMECA)(Herein also individually referred to as Party and collectively as Parties).andColebrand International Limited (CI), with its registered address at 162-168 Regent Street, London W1B 5TD, United Kingdom and aappointed by NORMECA as their main subcontractor for the planning, construction and financing of the project (hereinafter COLEBRAND).WHEREAS, Sheikan has already held preliminary discussions with Normeca on the development of a complete proposal for a turnkey hospital including management based on Sheikan drawings and requirementsAND WHEREAS Sheikan have already commissioned an outline design of the hospital for which a preliminary budget estimate of up to 100 million euros has been allowed for which secure payment terms and possible funding support would be requiredIT IS HEREBY AGREED between the Parties as followsNormeca and its subcontractor Colebrand will undertake the project of final design, planning, construction and project management of Shiekan Specialized Hospital on a turnkey basis and will proceed in three stages:Stage 1. Preliminary design evaluation and financial structuringStage 2. Detailed design and constructionStage 3. Procurement and installation of medical equipmentIn order to proceed to subsequent stages it is recognised and agreed that a satisfactory conclusion to the first stage is essential following which, the option of proceeding to subsequent stages on terms that would be discussed and agreed during the first stage between the Parties. In order to confirm finally project funding and payment terms acceptable to all Parties, it is recognised that a detailed cost plan will be required to be set before the financial institutions. To this end, Normeca and its subcontractor Colebrand, will carry out Stage 1 which shall include the necessary preliminary design evaluation work and detailed costing. Normeca and its subcontractor Colebrand, will present this design and outline estimate to Shiekan for their evaluation and retention and for discussion and to reach agreement on the payment security and extent of funding required for the hospital.FinancialFollowing approval, Normeca and its subcontractor Colebrand, will contact the relevant financial institutions and carry out the necessary negotiations in order to confirm and secure the financial support and agreement that is acceptable to each of the Parties. 4.1 Financial arrangementsNormeca and its subcontractor Colebrand, have made initial arrangements for reconfirming security and collateral provided by Shiekan. It is understood that the financing should be 3 years grace period plus 10 years payment and that Omdurman National Bank will have a key function in this respect. After completion of stage 1, a detailed financing arrangement will be put together and presented to Shiekan for final approval. 4.2 PaymentPayment for Stage 1 will be 5 million euros representing 5% of the budget estimate, to be paid on signing this agreement. Further payments will be structured according to the final financing arrangement.Normeca and it subcontractor Colebrand, will propose an overall organisation for the managing of the project also consisting of representatives from the Parties in addition to relevant sub-groups and sub-contractors.Both Parties agree to review recommendations individually and together without delay based on the final agreed plan for construction and procurement.The Parties will cover their own cost of travelling and similar, in the project. The Parties agree to share potential expert assistance regarding specifications etc. of the medical equipment. The Parties agree to work exclusively with each other to ensure a successful project for a minimum of 12 months from the date of this agreement.During said 12 month period, it is the Parties intention to enter into a final contract for the construction of this turn-key project.IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date below. The Agreement has been signed in three originals, one to each of the parties.Khartoum, December ., 2006SHIEKAN INSURANCE AND RE-INSURANCE COMPANY NORMECA AS .......Dr. Osman El Hadi Mr. Jan KarlsenPresident President As Subcontractor COLEBRAND INTERNATIONAL LTD . Dr. K. N. 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A BUSINESS AGREEMENT Tittel  !#$%&'()*+,-./0123456789:;<>?@ABCDFGHIJKLORoot Entry F %QData 1Table"g4WordDocument"2SummaryInformation(=DocumentSummaryInformation8ECompObjj  FMicrosoft Word-dokument MSWordDocWord.Document.89q