Project Rig Checklist

PROJECT RIG CHECKLIST AND SERVICES AGREEMENT

This Project Rig Checklist and Services Agreement (Agreement) is entered into as of by and between Client Name: and Contractor Name: .

RECITALS

WHEREAS, Client requires inspection, maintenance, and associated services for a drilling or lifting rig associated with Project Name: located at ; and

WHEREAS, Contractor represents that it is qualified to perform rig inspections, corrective work, and to document compliance with applicable safety and industry standards; and

WHEREAS, the parties wish to set forth their agreement, a detailed checklist of required inspections and verifications, payment terms, and other contractual provisions governing performance.

1. SCOPE OF WORK

Contractor shall perform the services and inspections described below and in any attachments executed by the parties. Services include inspection, testing, minor corrective measures noted in the checklist, preparation of a written inspection report, and recommendations for remedial work. Contractor shall perform services in a workmanlike manner in accordance with industry standards.

2. RIG INSPECTION CHECKLIST

Inspector Name: Inspection Date:

A. Pre-Start and Documentation

Permits and regulatory documentation verified and maintained.

Maintenance logs current and corrective actions documented.

B. Structural Integrity

Boom, mast, and support members free of cracks, deformation, and excessive corrosion.

Structural fasteners and welds secure and within tolerance.

C. Mechanical Systems

Hydraulic systems inspected for leaks, pressure integrity, and operating performance.

Bearings, pins, and rotating elements lubricated and within service limits.

D. Electrical & Controls

Electrical wiring, grounding, and control panels inspected and safe.

Control systems function within specification and emergency stops operate.

E. Safety Equipment

Fire extinguishers, first aid kits, and safety signage present and serviceable.

PPE available and personnel trained on safe operation.

3. PAYMENT TERMS

Total Contract Amount: $

Late Payment Fee (monthly): . All amounts owed shall be paid in lawful currency and are due within the time frames set forth in the payment schedule. Overdue amounts accrue interest at the stated late payment rate compounded monthly and the contractor may suspend services after notice of nonpayment under this Agreement.

4. TERM AND TERMINATION

Term Start Date: Term End Date:

Either party may terminate this Agreement for cause if the other party materially breaches any obligation and fails to cure within days after written notice. Either party may terminate for convenience upon the same notice period, subject to payment for services performed through the date of termination and any reasonable demobilization costs.

5. CONFIDENTIALITY

Each party shall hold in confidence all non-public information disclosed by the other party that is identified as confidential or that a reasonable person would understand to be confidential given the nature of the information and the circumstances of disclosure ("Confidential Information"). Confidential Information does not include information that (a) is or becomes generally known to the public other than by breach of this Agreement; (b) is rightfully received from a third party without restriction; (c) is independently developed by the receiving party without use of Confidential Information; or (d) is required to be disclosed by law or regulation, provided the disclosing party is given prompt notice and an opportunity to seek protective measures.

The receiving party shall protect Confidential Information with the same degree of care it uses to protect its own confidential information, but not less than a reasonable standard of care. Breach of this Section would cause irreparable harm for which monetary damages may be inadequate; the non-breaching party is entitled to injunctive relief in addition to other remedies.

6. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of law principles. Venue for any dispute arising out of this Agreement shall be in the courts of that state, and each party consents to personal jurisdiction and venue therein.

7. ENTIRE AGREEMENT

This Agreement, together with any attachments and signed checklists, constitutes the entire agreement between the parties concerning its subject matter and supersedes all prior and contemporaneous agreements, proposals, or representations, written or oral. Any amendment to this Agreement must be in writing and signed by authorized representatives of both parties.

8. CERTIFICATION AND ACKNOWLEDGMENTS

By signing below, the Inspector and Contractor certify that the checklist items identified as compliant are true and accurate to the best of their knowledge, and that any noted deficiencies will be addressed in accordance with the scope and payment provisions of this Agreement. The parties acknowledge that misrepresentation of inspection results may give rise to liability for breach of contract and to statutory or regulatory penalties where applicable.

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