Unless otherwise expressly defined herein capitalized terms used in this Application have the meaning given to them in the Credit Facility Agreement, and the terms and conditions of the Credit Facility Agreement apply to this Application. This Application is made in accordance with, and subject to, the terms and conditions of the Credit Facility Agreement, and by signing this application, I/we confirm that the Repeating Representations are correct in all respects.

The undertakings, representations and indemnities provided in this Application shall be governed by and construed in accordance with the laws and regulations of the Relevant Emirate and the Clause 31 (Enforcement) of the Standard Terms shall apply to any dispute in relation to the undertakings, representations and indemnities provided by us in this Application and, unless expressly stated otherwise in the Guarantee.

In connection with the issuance of the Guarantee, I/we hereby irrevocably and unconditionally undertake, agree and represent as follows:

1. Immediately on demand reimburse ADCB any amount (including any default rate interest) that you have paid or may have to pay under the Guarantee regardless of whether or not the Beneficiary is legally justified in presenting or making a demand under the Guarantee.

2. Immediately on demand indemnify, and keep indemnified, ADCB against any or all loss, liability, costs and expenses incurred in connection with the issuance of the Guarantee, including any payments made under the Guarantee and all legal costs or other expenses ADCB may incur as a result of the issuance of the Guarantee.

3. To expressly permit you to honor your obligations under the Guarantee (including any payment to be made upon first presentation of the Guarantee) without any/prior reference to me/us.

4. As security for our liability to ADCB in respect of the Guarantee, I/we hereby pledge in your favor all our credit balances, stocks, movables and immovable assets and any other assets or rights whatsoever.

5. To allow ADCB to apply any amount held by ADCB in my/our name may to be applied against amounts owing by me/us in respect of the Guarantee without any reference to me/us.

6. That my/our obligations and indemnities in respect of the Guarantee will continue until (a) I/we request a cancellation of the Guarantee and I/we either return the original Guarantee to ADCB or (b) the Beneficiary releases ADCB from all obligations and liabilities under the Guarantee in a form and substance acceptable to ADCB.

7. Upon the issuance of the Guarantee, and without any reference to me/us, authorize ADCB to deduct any commission, postage, fees and other expenses relating to the Guarantee from the Account (specified below).

8. Upon issuance of the Guarantee, and without any reference to me / us, authorise ADCB (a) to debit an amount equal to the guarantee Margin (as stipulated by in the Credit Facility Agreement) from the Account (specified below), or (b) if agreed by ADCB and in lieu of the guarantee Margin, to mark a lien over all deposits or a certain fixed deposit account no. (the “Account”) (as determined by ADCB) for an amount equal to the guarantee Margin.

9. To furnish ADCB with any additional security or increase the guarantee margin or Cash Collateral promptly upon ADCB’s demand.

10. In the event that the guarantee Margin or Cash Collateral is insufficient to meet any payment or liability under the Guarantee, ADCB may, at its sole discretion, exercise its right of set-off against any the credit balance in any other account maintained either singly or jointly by me/us to cover the shortfall.

11. ADCB may (in its absolute discretion) cancel or reduce the Facility under which the Guarantee has been issued, and if so cancelled or reduced we shall return the original Guarantee for cancellation or deposit cash in an amount requested by ADCB to a secured account held with ADCB (the “Margin Account”) as security for any payment obligation or liability under the Guarantee.

12. ADCB may extend the tenor of the Guarantee without any reference to us if ADCB receives an extend or pay request from the Beneficiary before the Expiry Date (specified above).

13. The governing law of the Beneficiary’s Country/Applicable URDG/Laws of England or Wales shall apply to the Guarantee if the Beneficiary is established outside the UAE and shall be issued through ADCB’s correspondent bank in that country.

Expiry date

Whether auto renewable Yes No

Guarantee to be issued in English Arabic Bilingual

Format of Guarantee Standard As per attached (Format must be stamped and signed by the authorized signatory)

Type of Guarantee

Tender Bond Performance Bond Adv. Payment

Financial Retention Maintenance

Labour Trade License

Others (specifiy)

Purpose of Guarantee

- -

- -

To: Abu Dhabi Commercial Bank PJSC (”ADCB”)

APPLICATION FOR ISSUANCE OF A LETTER OF GUARANTEE

Date:

For Bank Use Only

Amount in figures

Guarantee to be issued on behalf of

Amount in words

Full name and address of Beneficiary

Full name and address of Applicant

Pursuant to the Letter of Guarantee Facility made available under the Working Capital Facility Offer Letter between us and ADCB (as amended, amended and restated, replaced or supplemented from time to time) (together with the Standard Terms, the “Credit Facility Agreement”), I/we hereby request ADCB to issue a Letter of Guarantee (the “Guarantee”) as follows:

Guarantee to be issued through your Correspondent Bank Yes No

If Yes, ADCB will issue a counter-guarantee or advise the guarantee through the Correspondent Bank but for the purposes of the account

undertakings and indemnities in this Application such counter-guarantee will be treated as the Guarantee.

I/We hereby confirm and agree that the Guarantee once issued by ADCB can be collected by/delivered to

Identification Number

In case of queries, please call telephone no. and ask for

Acknowledged and agreed by the holder of the Account (if different from the Applicant)

Signature and stamp of applicant/companyAccount No.

Signature and stamp of applicant/companyAccount No.Ve

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4/D

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01

7

[Note: In case of third party guarantees, additional indemnity with signature of applicant & third party(ies) also to be obtained].

Signature Verified

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