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NUOVO PIGNONE INTERNATIONAL S.R.L. COD: 5000095

VIA FELICE MATTEUCCI, 2 Fax: 39-055-4238251
FLORENCE TEL: 39-055-4238251
Italia NIT: 04880930484
Attn: JOSE MATIZ 7FABIO MAURICIO CAR

OBJETO CONTRATO
ACUERDO DE PRECIOS PARA EL SUMINISTRO DE PARTES Y REPUESTOS FABRICADOS POR LA UNIDAD DE NEGOCIOS OIL & GAS DE GENERAL
ELECTRIC PARA ECOPETROL S.A EN EL TERRITORIO NACIONAL. ABE 3005187

FLETE / FREIGHT CODE: SEA FREIGHT EUROPE

SITIO DE ENTREGA / DELIVERY: FCA LIVORNO/FLORENCIA
FORMA DE PAGO / PAYMENT TERMS: Pago a 30 dias Vencimiento oficial para CxP USD
MONEDA / CURRENCY: EUR
SOLICITANTE / REQUISITIONER:-
OTROS TEXTOS DE CABECERA

CONTRATO ABE 3005187

ORDEN 2562901

1. PURPOSE
ITS PURPOSE IS: SUMINISTRO DE PARTES Y REPUESTOS FABRICADOS POR LA UNIDAD DE NEGOCIOS OIL & GAS DE GENERAL ELECTRIC PARA
ECOPETROL S.A EN EL TERRITORIO NACIONAL

NOTA: Pago a 30 días Neto Vencimiento oficial para CxP EUR

2. DELIVERY CONDITIONS

2.1. DELIVERY SITE: FCA ITALY # LIVORNO

Freight Code: Air Freight Europe / Sea Freight Europe

Delivery of the goods object of this Purchase Order shall not be later than the date agreed upon between ECOPETROL and the SUPPLIER. However,
ECOPETROL reserves the right to accept any deliveries made after the date agreed, subject to the application of the Penalty Clause and affecting the
SUPPLIER'S performance evaluation.

If the SUPPLIER does not comply with the delivery at the agreed deadline, ECOPETROL may extend the delivery deadline, without prejudice of the application of
the Penalty Clause, or cancel the Purchase Order, in which case the SUPPLIER shall compensate ECOPETROL for any damages caused by the delay or failure
to deliver.

Early shipments are not authorized. If required by ECOPETROL or the SUPPLIER, they must be authorized and arranged for in advance by the expediting
assigned to this Purchase Order.9
2.2. DELIVERY FORM

The delivery of the goods must be carried out as stipulated for each item in this Purchase Order. Without exception, any delivery that does not comply with the
agreed conditions must be previously approved by ECOPETROL.

2.3. DELIVERY TERMS

The goods shall be FCA ITALY # LIVORNO

2.4. PACKING CONDITIONS

The goods must be delivered in packing suitable for export by multiple modees of transport (shipping in domestic packing will not be accepted), under the
coordination of the logistics operator, with the proper transport labels as required.

Purchase Order No. XXXXXXX

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Weight: ______ Kg (en caso de no tener la información de peso o volumen no se deberá colocar)
Estimated Volume: __ X __ X __ CM

Packing label specifications:

-Font: Color - Black

-Minimum height: 1/2" for each letter
-They must appear in at least three (3) different visible places

Wooden package of goods for import to Colombian territory must comply with the international standards such as regards phytosanitary measures, ISMP
Regulation #15; otherwise, the goods will be destroyed or re-exported by Colombian health authorities.

In accordance with ISPM Regulation 15: a) The delivery shall be carried out using proper wooden packing subjected to hot treatment; b) All wooden packing must
be labeled as indicated in ISPM Regulation 15; c) Any phytosanitary documents and/or certifications other than those established in ISPM Regulation 15 will not
be acceptable by Colombian authorities. The SUPPLIER must enquire about these rules at [email protected] or http://WWW.IPPC.INT and the official website of
the Colombian authorities www.ica.gov.co/embalajes.

Any delay, damage or loss of the goods, caused by negligence on behalf of the SUPPLIER in meeting the packing conditions mentioned above, and any damages
caused to ECOPETROL for these reasons, will be the SUPPLIER'S responsibility.

3. INSPECTION

The goods may be the object of inspection by ECOPETROL or its representatives whenever considered necessary by this Company. The SUPPLIER must allow
ECOPETROL to inspect the goods at the SUPPLIER'S installations / facilities. However, ECOPETROL is not bound to inspect the goods.

The inspection of goods by ECOPETROL does not mean that the SUPPLIER is exempted from its responsibility to deliver the goods in accordance with the
requirements contained herein or attached hereto.

The goods that are object of this Purchase Order must meet all international codes and standards. The SUPPLIER will be responsible for the quality of the goods,
as well as the supplies used to manufacture them.

In the event that the goods received do not meet the specifications required, they will be sent back to the SUPPLIER, at the SUPPLIER'S expense, for the
respective exchange and/or to make the corresponding guarantee payable.

4. LOGISTICS OPERATOR

The Logistics Operator of ECOPETROL for the effects of this Purchase Order is:

LOGISTIC OPERATOR

EMBASSY FREIGHT SERVICES S.p.A.

Filiale operativa: Via del Tecchione, 42
20098 Sesto Ulteriano (MI) - Italy
Rachele Savaldi
Supply Chain Management Coordinator
Email: [email protected]
Stefania Blasi
[email protected]
Phone: 39 02 9266501

CONTACTO UT ECOLOG EN COLOMBIA:

Ramón Miranda
Profesional de Aseguramiento y Control Internacional
Tel: (031) 3715300
Dir.: Cra 7 #32-84 Piso 4 # Bogotá
web: www.utecolog.com / email: [email protected]

If the Purchase Order establishes an Incoterm in which international transport is carried out by the SUPPLIER, the SUPPLIER shall present the original
documents to the designated Logistics Operator three (3) business days prior to the arrival of the cargo on Colombian territory, in conditions to enable
nationalization procedures without delay. Any delay in the fulfillment of this clause will affect the results of the SUPPLIER'S evaluation.

One (1) copy of this Purchase Order has been given to the Logistics Operator, for the effects of the activities to be carried out by them.

The required documents (Invoice and Packing List) must have prior approval of ECOPETROL provided through the Expediting. Once the goods and documents
have been delivered to his/her satisfaction, and the documentation has been approved, the Logistics Operator will issue the FORWARDER CARGO RECEIPT
(FCR).

No payment will be made by ECOPETROL to the SUPPLIER without the FCR.

ISSUANCE OF THE FORWARDER CARGO RECEIPT - FCR.

The terms agreed upon in the Purchase Order will be considered fulfilled once the goods and complete approved documentation have been presented by the
SUPPLIER to the Logistics Operator designated by ECOPETROL.
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The following documentation must be presented to the Logistics Operator designated by ECOPETROL prior to the delivery of the goods:

" One (1) Original and two (2) copies of the commercial invoice, indicating the number of the Purchase Order, the INCOTERM and the delivery site, SUPPLIER'S
address and currency.
" One (1) Original and one (1) copy of the Packing List.

Documents that are copies with the original stamp will not be admissible as originals and, therefore, may lead to the apprehension of the goods and the eventual
imposition of penalties by Colombian authorities; the SUPPLIER is responsible for presenting the original documents to the Logistics Operator. The Commercial
Invoice and Packing List must be on letterhead, individually signed (in ink) by the company's authorized representative and must not contain any corrections or
blank spaces.

The goods will not be accepted and, as a result, will be considered undelivered, until the Commercial Invoice, the Packing List and other documents required in
the Purchase Order are received to the satisfaction of the Logistics Operator.

"No goods will be shipped without the original documents".

Commercial Invoice: Must contain data identical to that in the Purchase Order, as regards the precise description of the goods, number and quantity of the items
DELIVERED at the corresponding office.

The Commercial Invoice must be made out to "ECOPETROL S.A." and must contain at least the following information:

Date of issue
Invoice Number
SUPPLIER'S Name and Address
Description of the goods
Quantity of each item
Unit price of each item and total amount
Currency
Delivery conditions - Incoterm 2010 indicating place of delivery associated with the Incoterm

If the materials delivered do not have a serial number to identify them, please indicate this situation on the invoice as follows: "I hereby certify that the materials
listed on this invoice do not have serial numbers".

Packing List: must contain an accurate description of the goods, item number, quantity shipped per item, weight and volume per item.

In addition, indicate the number of wooden boxes or other packages. If there is more than one, indicate the packing in which each item is contained, along with net
weight and the packing dimensions.

Clearly mark the following for each box:

Items:
Volume: __ X __ X __ CM
Weight: __ Kg
It is the SUPPLIER'S exclusive responsibility to request the FORWARDER CARGO RECEIPT - FCR from the designated Logistics Operator.

In addition, the SUPPLIER must present the following along with the documents requested:

a) Factory Guarantee: The SUPPLIER must guarantee that the goods or equipment manufactured and delivered under this Purchase Order meet the required
specifications and are free from defects in materials and workmanship, for a period of 12 months after placing them in service and/or 18 months from the date of
delivery, whichever comes first.

5. CURRENCY: EUROS

6. PAYMENT FORM

BANK TRANSFER
Payment will be made by bank transfer within thirty (30) calendar days following the issuance of the FCR by the logistics operator, which will be subject to prior
presentation of the established documents (commercial invoice and packing list); the logistics operator will be responsible for presenting them to ECOPETROL.

7. DISCOUNTS

ECOPETROL may apply discounts if the supplier fails to comply with the obligations assumed herein or due to imperfect or untimely fulfillment, if pertinent and
necessary.

The discount will be equivalent to the sum or percentage of 0.5% of the value of the delayed item, this amount may be imposed for each situation or event that
constitutes non-fulfillment, or for each day that the non-fulfillment is extended up to a maximum of fifteen (15) calendar days, and its value will be deducted from
the invoice of the office corresponding to that in which it is notified by ECOPETROL. The supplier expressly authorizes ECOPETROL to deduct this amount from
the balances payable or any sum owed to it by ECOPETROL. to this effect, communication by ECOPETROL declaring non-fulfillment or communication by means
of the credit note issued by the supplier will be sufficient.

In order to carry out the deduction, the following procedure will be carried out:

(I) ECOPETROL will inform the supplier of the event that has taken place.
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(II) Once the communication has been received, the supplier will have three (3) business days to indicate the reasons for which it considers that it is not
responsible.

(III) ECOPETROL will analyze the explanations provided by the supplier, and, if acceptable, it will notify the supplier; otherwise, it will indicate that it will carry on
with the deduction provided in this clause (this will also be done in the event that the supplier fails to provide a reason).

If there are no balances payable to the supplier in this purchase order to deduct the amounts resulting from the application of this clause, the supplier will be
requested to issue a credit note to ECOPETROL for the value applicable, if after 20 days supplier has not issued the credit note, ECOPETROL will be made
payable at the expense of the coverage of the respective performance guarantee. if neither is possible, they will be collected by ECOPETROL by executory
proceedings, for which the purchase order, along with the act by means of which the discounts is made payable, will serve as the right of execution. the discount
will not annul the obligations resulting from the purchase order.

The discount will not annul the obligations resulting from this purchase order

8. PENALTY CLAUSE

In the event of definitive non-fulfillment of the purchase order or in case that ECOPETROL canceled the purchase order due to breach from supplier, the supplier
agrees to pay ECOPETROL, as a penalty, the sum equivalent to ten percent (10%) of the total amount of the. of the undelivered nr delayed items. the termination
of the purchase order does not affect items already delivered likewise, in the event of non-fulfillment of ECOPETROL payment provision, ECOPETROL agrees to
pay supplier, as a penalty, the sum equivalent to ten percent (10%) of the total amount of the delayed payment, granting supplier the right for termination. the
termination of the purchase order does not affect items already delivered.

Penalty will be imputed to the amount of damages suffered by ECOPETROL, and the amount can be taken directly from the balance payable to the supplier in this
purchase order, if there is no- balance of this purchase order for the supplier to discount the amounts resulting from the application of this clause, it prompts for
the supplier to issue a credit note to ECOPETROL by the applicable value, f after 20 days date of such request the supplier has not delivered the note,
ECOPETROL shall enforce the performance bond, if any. If there is no performance bond, past the 20 days mentioned above, ECOPETROL, if this is not
possible, the penalty clause will be collected by executory proceedings, for which the purchase order will serve as the right of execution. The application of the
penalty clause does not exclude the indemnification for damages at the expense of the supplier, if ECOPETROL considers that the amount of the damages is
higher than the amount of the penalty clause agreed upon herein. Notwithstanding the foregoing, compensation for da mages and other costs borne by the
supplier in any case shall not exceed 10% of the value of goods delivered.

9. SUPPLIER PERFORMANCE EVALUATION

ECOPETROL will evaluate the performance of its supplier in accordance with the provisions of the "Contractor Performance Procedure" 2 or document in lieu
thereof, which it's current as of the date of issuance of this order and under the methodology that is applicable.
2 Spanish acronym for Procedimiento de Desempeño de Contratistas o el documento que haga sus veces.
11. NOTICES, CONTACTS AND EXPEDITING

The number of ECOPETROL'S Purchase Order must be clearly identified on all documents related to or associated with this Purchase Order.

All communications related to the monitoring and fulfillment of the Purchase Order (expediting) must be addressed to ECOPETROL and sent to the following
address:

ECOPETROL S.A.

Maria Juliana Mejia

Coordinación Logística y Comercio Exterior
[email protected]
Carrera 7 No. 32 - 42 Piso 20 Edificio San Martin
Torre Norte
Tel. 57(1) 2340143
Bogotá- Colombia

In the event that drawings require approval and/or changes in specifications require authorization and modification in the Purchase Order, please contact:

SUPPLIER OR MANUFACTURER DATA:

MANUFACTURER ADRESS INFORMATION:

NUOVO PIGNONE S.P.A.
VIA FELIZA MATTEUCCI, 2 - 50127, FIRENZA ITALY
CONTACT: PANICHI, STEFANO
E-MAIL: [email protected]
TEL: +39-080-5051-425/430
FAX: +39-055-423-2800

MANUFACTURER REPRESENTATIVE IN COLOMBIA:

Baker Hughes, a GE company

Rodriguez, Carlos (BHGE) - Sales Manager
[email protected]
TPS # Turbomachinery & Process Solutions
T +57 1 745 4886 I M +57 315 667 6881
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Calle 67 # 7-37 Piso 5 I Bogota, Colombia

#Estatus de Entregas:
Alejandra Camacho: [email protected]
David Peña: [email protected]

"Please confirm receipt and acceptance of this Purchase Order within five (5) business days following its delivery. If no comments are received, it will be
understood as accepted to your satisfaction".

Descuentos 2020

DESCUENTOS POR AGREGACIÓN DE DEMANDA

(ENERO 01 AL DICIEMBRE 31) EUR

0 - 1.000.000 EUR: 1%
1.000.000 - 2.200.000 EUR: 3%
> 2.200.000 EUR: 4%

-DESCUENTO PARA EL 2020: Corresponde al 4%, ya que en 2019 las compras fueron por valor de EUR 5.648.589,35

DESCUENTOS POR ORDEN DE COMPRA

0 - 25.000 EUR: 0%
25.000 - 150.000 EUR: 2%
> 150.000 EUR: 3%

REN. CANTIDAD UNIDAD DESCRIPCION VALOR UNIT. VALOR TOTAL FEC. ENTREGA
ITEM QUANTITY U.O.P. DESCRIPTION UNIT VALUE TOTAL VALUE DUE DATE
PF: PF:

00001 1,000 Unidad Descripción del servicio 19.069,22 19.069,22 29/04/2021

COD./ CODE: 71500067546
BODY

DIAMETER: 358 mm; MATERIAL: FOUNDRY ;

SPECIFICATION/STANDARD DATA: DISTANCE PISTE
SLIDEBODY CUERPO ALOJAMIENTO DEL CROSS HEAD; APL:
AC601-A/B/C
Fabricante No. Parte
NUOVO PIGNONE S.P.A. SNO6650008
Dirección de entrega: PR APIAY VILLAVICENCIO

1088 I001 Valor Bruto Total 19.863,77

"Acuerdo de precio/Item": 7000664 01389
Posición Arancelaria/Customs declarations: ******* PENDIENTE ASIGNAR POSICION ARANC

% desc.sobre bruto 794,55-

Valor de las oondiciones que aplican para todas las posiciones

VALOR TOTAL / TOTAL VALUE 19.069,22

Autorizado por / Authorised by Comprador / Purc. Off: Ecopetrol S.A. Fecha / Date : 07/01/2021