LOAN AGREEMENT

This loan Agreement ("Agreement") is made and effective as on 31st August 2014

BETWEEN:    Mr XXXXXX XXXXXX , Mobile Phone XXXXX, representing XXXXXXh Investment Ltd, an offshore company incorporated with a limited liability under No XXXXXX, PO BOX XXXX, Dubai for and on behalf of XXXXXXh Investment LLC under incorporation with its head office to be located at XXXXX, XXXXX, Dubai, U.A.E., afterwards "Lender".

AND:           XXXXXX Investment LLC, incorporated under the laws of United Arab Emirates with its head office located at XXXX 6th floor, Dubai XXXXX, P.O Box XXXXX Dubai, U.A.E., afterwards "Borrower".

On the last working day of December 2014, Borrower promises to pay the Lender the sum of AED XXXXXX, and interest and other charges stated below.

The authorized signatory from the Borrower side understands that the company to whom he is representing is fully responsible for the repayment of the loan with below prescribed interest along with penal markup, if applicable, within the stipulated time period.

Upon the date on which the trade license of XXXXXXX Investment LLC becomes available XXXXXXX Investment LLC will directly assume all rights and obligation under this agreement without any further notice and requirements with the approval of the Borrower, XXXXXX XXXXXX, appointed Manager of XXXXXXX Investment LLC and XXXXXXX Investment Ltd,  shareholder of XXXXXXX Investment LLC.

3.       BREAKDOWN OF LOAN

Amount of Loan: AED XXXXXXXX

Financial Charges: AED XXXXXXXX

Total of Payments: AED XXXXXXXX

Annual Interest Rate: XX%

Penal Interest Rate: XX%

This loan has been disbursed by Mr. XXXXXX XXXXXX and XXXXXXX Investment Ltd on the date of signing this agreement as per the attached schedule in the form of money transfers to the borrower and in the form of assumption of certain payment obligations by the lender on behalf of the borrower. Borrower approves these funds and transactions for the purpose of repayment of the loan.

This is how Borrower will repay: Borrower will repay the amount of this Note in full on the last working day of December 2014.

Borrower has the right to prepay the whole outstanding amount at any time. If Borrower does, or if this loan is refinanced - that is replaced by another note - Lender will refund the unearned finance charges i.e., Borrower will be responsible for interest till the date of repayment.

If full amount of loan or any part thereof; remains unpaid at the date of conclusion of this Agreement i.e., last working day of December 2014, then outstanding amount shall be subject to a penal markup at the rate of XX% per month in addition to the normal applicable interest.

This loan is fully secured against the Current and Non Current Assets of the Borrower. In case of default in repayment or delay, Borrower has the right to recover the amount of loan from any assets of the Lender in his discretion. Borrower may assume any rights and claims of the Lender against any third party and the Lender herewith assigns and forfeits all current and noncurrent assets including but not limited to equipment, receivables and any other contractual rights also from third parties to the lender for the repayment of this loan.

In case of liquidation or dissolution of the Borrower, Lender has the first right to recover the amount of loan from the assets of the Borrower or may execute any rights of the Lender also against third parties and the Borrower undertakes to provide all required documents and authorizations to the Lender to do so upon first written request.

This loan can be extended up to a maximum period of three month with the mutual consent of both the parties and approval of XXXXXXX Investment Ltd, Jebel Ali only.

This agreement shall begoverned by UAE law and Dubai courts shall have sole jurisdiction for all disputes arising between the parties.  

Authorized Signature                                            Authorized Signature

XXXXXXX Investment Ltd                                          Company Stamp 

    Company Stamp