TRANSACTION CODE : MBC-TT-01/2023

PROVIDER’S CODE :
LESSEE’S CODE : MBC-AZN

DEED OFAGREEMENT

THIS DEED OF AGREEMENT (HEREINAFTER REFERRED TO AS “AGREEMENT”)IS EXECUTED WITHOUT PREJUDICE OR

CONFLICT OF INTEREST, DULY UNDERSTOOD AND SIGNED BY BOTH PARTIES ACTING AT THEIR OWN ACCORD ON July
23, 2023BY AND BETWEEN:

COMPANY NAME TAROLIA TRADE S.L.

ADDRESS PASEO DA LA CASTELLANA 153, 28046 MADRID SPAIN
COMPANY REGISTRATION 7-17003
REPRESENTED BY GUILLERMO GONZALEZ BAUTISTA
PASSPORT NUMBER PAA828517
TELEPHONE +34 972202759
E-MAIL taroliatrade@gmail.com

HEREIN NAMED AS "PROVIDER/LESSOR", HEREBY CONFIRM, WITH FULL LEGAL RESPONSIBILITY, UNDER PENALTY OF
PERJURY OF LAW THAT WE ARE READY, WILLING AND ABLE TO DELIVERFOLLOWING BANK INSTRUMENT, UNDER THE
TERMS AND CONDITIONS DESCRIBED BELOW, BASED ON GOOD, CLEAN, CLEAR UNENCUMBERED FUNDS OF NON-
CRIMINAL ORIGIN;

AND

COMPANY NAME MUSADDIQ BAIG CONSULTANCY LLC

ADDRESS OFFICE #4, 4TH FLOOR, AMAY SHOPPING CENTER
NOBEL PROSPEKTIM, BAKU, AZERBAIJAN
COMPANY REGISTRATION 2007482981
REPRESENTED BY MUSADDIQ ALI BAIG
PASSPORT NUMBER BE3928593
TELEPHONE +92 345 2798279 / +994505462713
E-MAIL CEO@MUSADDIQBAIGCONSULTANCY.COM

HEREIN NAMED AS "BENEFICIARY/LESSEE/RECEIVER", HEREBY CONFIRM, WITH FULL LEGAL RESPONSIBILITY, UNDER
PENALTY OF PERJURY OF LAW, THAT WE ARE READY, WILLING AND ABLE TO FUND AGAINSTFOLLOWING BANK
INSTRUMENT, UNDER THE TERMS AND CONDITIONS DESCRIBED BELOW WITH GOOD, CLEAN,CLEAR, UNENCUMBERED
FUNDS OF NON-CRIMINAL ORIGIN.

BOTH PARTIES COLLECTIVELY BEING REFERRED TO AS THE “ PARTIES ”

DESCRIPTION OF BANK INSTRUMENT

1 INSTRUMENT STANDBY LETTER OF CREDIT (SBLC)CASH BACKED

2 TERM OPERATIVE, IRREVOCABLE, ASSIGNABLE, TRANSFERABLE AND CONFIRMED
3 ISSUING BANK DEUTSCHE BANK, SOCIEDAD ANONIMA ESPANOLA, MADRID, SPAIN
4 AGE /CURRENCY ONE (1) YEAR AND ONE (1) DAY-FRESH CUT /EURO
5 LEASE FEE SEVEN PERCENT (7% OF LEASE) PLUS ONE PERCENT (1%)
6 INTERMEDIARY FEES 1% OF FACE VALUE TO PROVIDER SIDE
7 CONTRACT AMOUNT US DOLLAR FIFTEEN MILLION ($ 15,000,000.00) PLUS R&E
8 TRANCHES US DOLLAR FIFTEEN MILLION ($ 15,000,000.00) ONE TRANCHE
10 PAYMENT SWIFT MT103/202
11 HARD COPY BONDED COURIER WITHIN FIVE BANKING DAYS.
12 PERIOD OF LEASE ONE YEAR AND ONE DAY (WITH POSSIBLE RENEWED ANNUALLY UP TO FIVE YEARS)

I, MR. MUSADDIQ ALI BAIG, C.E.O., HOLDER PASSPORT NUMBER BE3928593, ACCOUNT HOLDER AND AUTHORIZED
SIGNATORY, HEREBY CONFIRM WITH FULL LEGAL AND CORPORATE RESPONSIBILITY, THAT WE ARE READY, WILLING
AND ABLE TO UNDERTAKE FOR THE EXCHANGE OF THE HEREIN DESCRIBED SBLC DERIVED FROM LEGAL SOURCES AND

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OF NON-CRIMINAL ORIGIN THROUGH OUR BANKING RESOURCES UNDER THE TERMS AND CONDITIONS STATED HEREIN,
AGAINST GOOD, CLEAN, CLEAR FUNDS OF NON-CRIMINAL ORIGIN.

WHEREAS, BENEFICIARY/LESSEE DESIRES TO RECEIVE A COLLATERAL FACILITY FROM PROVIDER, IN FORM OF SBLCFOR
THE PURPOSE TO SECURE WORKING CAPITAL AND PROPER MANAGEMENT OF HIS DAILY BUSINESS, AND FURTHER
CONFIRMS WITH FULL CORPORATE AND LEGAL RESPONSIBILITY THAT SUFFICIENT ARRANGEMENTS ARE AVAILABLE TO
COVER THE COSTS OF THE SAID CREDIT FACILITY.

WHEREAS, PROVIDER ACCEPTS BENEFICIARY’S APPLICATION FOR THE COLLATERAL FACILITY, IN FORM OF SBLC BY
ISSUING AND TRANSFERRING TO THE BENEFICIARY ALL ITS RIGHTS ON SBLC TITLE AND ANY OTHER INTEREST, PLUS
FURTHER REPRESENTS AND WARRANTS THAT IT HAS THE ABILITY AND RESOURCE TO CAUSE THE ISSUANCE & ARRANGE
THROUGH ASSOCIATES, CONTRACTS AND SOURCES, WITH FULL CORPORATE RESPONSIBILITY, SUCH FINANCIAL
INSTRUMENT(S) AS REQUIRED AND AS PER TERMS MUTUALLY AGREED HEREIN. THE PROVIDER HEREBY DECLARES,
UNDER FULL PENALTY OF PERJURY, EACH SBLC WILL BE BACKED BY GOOD, CLEAN, CLEAR FUNDS OF NON-CRIMINAL
ORIGIN, FREE & CLEAR OF ALL LIENS, ENCUMBRANCES & ANY THIRD PARTY INTERESTS.

NOW THEREFORE, BENEFICIARY/LESSEE HAS AGREED TO RECEIVE INSTRUMENT(S) AND PROVIDER HAS AGREED TO
ISSUE/DELIVER SAID INSTRUMENTS BASED ON THE FOLLOWING TERMS AND CONDITIONS:

TRANSACTION PROCEDURE: LEASING

1. The provider shall send the DEED OF AGREEMENT (DOA) to the receiver / lessee via email.
2. After due diligence, the lessee shall sign and send the DOA including SBLC receiving full banking
coordinates, Company’s Certi icate of Incorporation, and International Passport Copy to the Provider via
email.
3. After due diligence, the Provider shall counter sign the DOA including full Banking coordinates, Company’s
Certi icate Of Incorporation and International Passport Copy. The provider hereby shall send a copy of the
CONTRACT to the lessee via email, hereby, the deed of agreement shall be rendered as a f ull recourse
CONTRACT.
4. Within Three (3) banking days of the signing of the full recourse contract; the provider’s designated bank
shall issue an RWA via SWIFT MT199 to the designated bank of the receiver, with a courtesy copy through
email to ceo@musaddiqbaigconsultancy.com.
5. Within Three (3) banking days of the receiving of MT199 issued by the designated bank of the provider;
the receiver (MBC) bank shall acknowledge through of icial email to the provider’s banking of icer and
receiver to send a courtesy copy to the provider’s designated email address .
6. Within Three (3) banking days of the acknowledgement of MT199 issued by the receiver’s designated
bank; the provider’s designated bank shall issue an MT799 Pre-Advice to the designated bank of the
receiver, with a courtesy copy through email to ceo@musaddiqbaigconsultancy.com.
7. Within Five (5) banking days of the receiving of MT799 Pre -Advice issued by the designated bank of the
provider; the receiver (MBC) shall issue a Irrevocable Corporate Payment Undertaking duly en dorsed by
the receiver’s designated bank; of the total cost of the SBLC (7%+1%=8% of SBLC face value), and if
provider will verify the Corporate Payment Undertaking from the bank, the receiver bank must verify the
corporate payment undertaking from the receiver.
8. Within Five (5) banking days of the receiving of the Irrevocable Corporate Payment Undertaking duly
endorsed by the receiver’s designated bank; the provider’s designated bank shall issue SBLC SWIFT
MT760 to the designated bank of the receiver, with a courtesy copy through email to
ceo@musaddiqbaigconsultancy.com .
9. Within Thirteen (13) banking days of the receiver’s designated bank receiving bank receipt, con irmation
and authentication of the SWIFT MT760; the receiver’s designated bank shall remit through SWIFT
MT103, 7% of the SBLC face value as lease cost to the provider’s designated bank, with a courtesy copy to
the provider’s designated email address; and additionally pays out the ONE PERCENT (1%) agent
fees/commissions, in accordance to the IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (the
“IMFPA”).
10. Within Three (3) banking days of the provider’s designated bank receiving bank receipt of the SEVEN
PERCENT (7%) lease cost and ONE (1%) agent’s commission to the intermediary, the provider’s
designated bank delivers the SBLC HARD COPY to the receiver’s designated bank via bank bond cour ier;
with a courtesy copy of the receipt through email to ceo@musaddiqbaigconsultancy.com.

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11. In case of payment default by the receiver, the provider’s designated ba nk shall recall the SBLC and shall
force the designated bank of the receiver to return the SBLC.

SANCTIONS (NON-PERFORMANCE)
AFTER THIS CONTRACT IS SIGNED BY BOTH PROVIDER AND BENEFICIARY/LESSEE, AND COPIES EXCHANGED
ELECTRONICALLY OR OTHERWISE BY A DELIVERY SERVICE, FAILURE TO FOLLOW THE CLOSING PROCEDURE IN TIME AND
FORM HEREIN IS CONSIDERED BREACH OF THIS CONTRACT AND PUTS THE FAILING PARTY IN DEFAULT POSITION TO PAY
A ONE-TIME PENALTY (NON-PERFORMANCE) FEE OF 1% OF THE CONTRACT VALUE TO THE PRINCIPAL SUFFERING PARTY
AND 50% OF THE AGENT FEE/COMMISSION.

UNAUTHORIZED BANK COMMUNICATION

NEITHER PARTY IS ALLOWED TO CONTACT THE BANK OF THE OTHER PARTY WITHOUT THE AUTHORIZATION OF THE
PARTY WHOSE BANK IS TO BE CONTACTED. ANY UNAUTHORIZED CALLS BY ANY PARTY OR ITS REPRESENTATIVE
AGENTS/BROKERS/LAWYERS TO PROBES OR COMMUNICATION IN AN IMPROPER WAY(S) INDICATIVE OF DIRECT OR
INDIRECT SOLICITATION TO BANK(S) IN THIS TRANSACTION SHALL BE PROHIBITED AND RESULT TO CONTRACT
TERMINATED. NOTICE: THIS IS A PRIVATE TRANSACTION BETWEEN 2 ENTITIES & IS NOT TO BE CONSTRUED AS AN OFFER
OF FUNDS OR A SALE/LEASE OF SECURITIES AS DEFINED IN THE US SECURITIES ACT OF 1933/34

RECEIVER/LESSEE OBLIGATION:
BENEFICIARY/LESSEE, WITH FULL CORPORATE AND LEGAL RESPONSIBILITIES, AND UNDER PENALTY OF PERJURY,
CONFIRMS THAT HE IS FULLY AWARE OF HIS FINANCIAL ABILITY AND FACILITIES WITH HIS BANK WHEN SIGNING THIS
LOI AND/OR OTHER AGREEMENTS AND DOCUMENTS WITH THE PROVIDER.BENEFICIARY/LESSEE FURTHER CONFIRMS
THAT THEPROVIDER IS AUTHORIZED TO VERIFY THE FUNDS OF EACH TRANCHE OF THE CONTRACT WITH HIS BANK, IF
NECESSARY. IN THE EVENT OF UNSATISFACTORY VERIFICATION, THE TRANSACTION WILL BE SUSPENDED IMMEDIATELY
AND RECEIVER IS IN BREACH OF THE CONTRACT AND LIABLE FOR LEGAL CONSEQUENCES.

PROVIDER OBLIGATION:
THE PROVIDER WITH FULL CORPORATE AND LEGAL RESPONSIBILITIES, AND UNDER PENALTY OF PERJURY, CONFIRMS
THAT BENEFICIARY/LESSEE IS FULLY AWARE OF THE COMMITMENT OF THE INSTRUMENTS WHEN COUNTERSIGNING
THIS D.O.A.THE PROVIDER FURTHER CONFIRMS TO DELIVER THE INSTRUMENTS, TO NEGOTIATE AND MAKE PROPER
ARRANGEMENT WITH PROVIDER TO CONTINUOUSLY SUPPLY THE INSTRUMENTS UNTIL THE WHOLE CONTRACTED
VOLUME IS EXHAUSTED. WITHOUT EXPRESSED WRITTEN PERMISSION, NEITHER PARTY SHALL CONTACT BANK OF THE
OTHER PARTY. BOTH PARTIES MAY CHANGE BANKING COORDINATES WITH WRITTEN NOTICE TO OTHER PARTY.

NON-SOLICITATION
BENEFICIARY/LESSEE HEREBY CONFIRMS AND DECLARES THAT PROVIDER, ITS ASSOCIATES OR REPRESENTATIVES OR
ANY PERSON OR PERSONS ON ITS BEHALF HAS/HAVE NEVER EVER SOLICITED STANDBY LETTER OF CREDIT., ITS
SHAREHOLDERS OR ASSOCIATES OR REPRESENTATIVES IN ANY WAY WHATSOEVER THAT CAN BE CONSTRUED AS A
SOLICITATION FOR THIS TRANSACTION OR FOR FUTURE TRANSACTIONS.

FORCE MAJEURE
ANY DELAY IN OR FAILURE OF PERFORMANCE BY EITHER PARTY OF THEIR RESPECTIVE OBLIGATIONS UNDER THIS
AGREEMENT SHALL NOT CONSTITUTE A BREACH HEREUNDER OR GIVE RISE TO ANY CLAIMS FOR DAMAGES IF, AND TO
THE EXTENT THAT SUCH DELAYS OR FAILURES IN PERFORMANCE ARE CAUSED BY EVENTS OR CIRCUMSTANCE BEYOND
THE CONTROL OF SUCH PARTY.THE TERM “BEYOND THE CONTROL OF SUCH PARTY “INCLUDE LAWFUL ORDER OF
GOVERNMENT OR AUTHORITY, ACT OF WAR, REBELLION OR SABOTAGE, FIRE, FLOOD, EARTHQUAKE OR OTHER NATURAL
DISASTERS. ANY OTHER CAUSE NOT WITHIN THE CONTROL OF SUCH PARTY OR WHICH IS BY EXERCISE OF REASONABLE
DILIGENCE, THE PARTY WILL BE UNABLE TO FORESEE OR PREVENT OR REMEDY.

ARBITRATION
ALL DISPUTES AND QUESTIONS WHATSOEVER WHICH ARISES BETWEEN THE PARTIES TO THIS AGREEMENT AND
TOUCHING ON THIS AGREEMENT ON THE CONSTRUCTION OR APPLICATION THEREOF OR ANY ACCOUNT COST, LIABILITY
TO BE MADE HEREUNDER OR AS TO ANY ACT OR WAY RELATING TO THIS AGREEMENT SHALL BE SETTLED BY THE
ARBITRATION IN ACCORDANCE WITH THE ARBITRATION LAWS OF THE ICC.

THIS AGREEMENT CONTAINS THE ENTIRE AGREEMENT & UNDERSTANDING CONCERNING SUBJECT MATTER HEREOF &
SUPERSEDES & REPLACES ALL PRIOR NEGOTIATIONS AND PROPOSED AGREEMENTS, WRITTEN OR ORAL NEITHER OF THE
PARTIES MAY ALTER, AMEND, NOR MODIFY THIS AGREEMENT, EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY BOTH
PARTIES. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF UNITED
KINGDOM. IN THE EVENT THAT EITHER PARTY SHALL BE REQUIRED TO BRING ANY LEGAL ACTIONS AGAINST THE OTHER

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IT ENFORCE ANY OF THE TERMS OF THIS AGREEMENT THE PREVAILING PARTY SHALL BE ENTITLES TO RECOVER
REASONABLY ATTORNEY FEES AND COSTS.ALL ELECTRONIC SIGNATURES (FAX/EMAIL), INCLUDING THOSE IN COUNTER-
PART, IN REGARD TO THIS CONTRACT SHALL BE ACCEPTED AS ORIGINAL SIGNATURES. THE PARTIES AGREE THAT THIS
AGREEMENT IS ENTERED INTO VOLUNTARILY, BY MUTUAL CONSENT AND NOT UNDER STRESS.

IN WITNESS WHEREOF, THE PARTIES ACCEPT AND AGREE TO THE TERMS AND CONDITIONS OF THIS AGREEMENT HAVING
SET THEIR HANDS AND SEALS AND INITIAL ON EACH PAGE OF THIS AGREEMENT AS OF THE DATE FIRST ABOVE WRITTEN

BENEFICIARY OF BANK INSTRUMENTS : SPECIAL INSTRUCTIONS BENEFICIARY OF THE SBLC WILL BE ISSUED WITH
STANDARD FORMAT ICC ISP' 600/758.

BANKING INFORMATION

PROVIDER’S BANKING COORDINATES TO ISSUE MT799 & MT760 SBLC

BANK NAME Deutsche Bank SA Espanola

BANK ADDRESS PS DE LA CASTELLANA, 18, 28046, MADRID SPAIN
ACCOUNT NAME TAROLIA TRADE S.L.
ACCOUNT NO. / IBAN ES5600190091464930060942
SWIFT CODE DEUTEBBXXX
BANK OFFICER / E-MAIL VICEN MORE CAMPS
BANK PHONE / FAX +34 93 366 51 01

PROVIDER’S BANKING COORDINATES FOR RECEIVING PAYMENT 7% OF FACE VALUE :

BANK NAME Deutsche Bank SA Espanola

BANK ADDRESS PS DE LA CASTELLANA, 18, 28046, MADRID SPAIN
ACCOUNT NAME TAROLIA TRADE S.L.
SWIFT CODE ES5600190091464930060942
ACCOUNT NO. / IBAN DEUTEBBXXX
BANK OFFICER / E-MAIL VICEN MORE CAMPS
BANK PHONE /FAX +34 93 366 51 01

LESSEE’S BANKING COORDINATES TO RECEIVE MT799 PRE -ADVICE, TO RECEIVE MT760 SBLC AND TO PAYMENT OF
7% ON FACE VALUE

BANK NAME KAPITAL BANK OJSC KHATAI BRANCH

BANK ADDRESS 12 Kucasi, S.Orucov, Xetai Rayonu, Baku, Axerbaijan
ACCOUNT NAME MUSADDIQ BAIG CONSULTANCY LLC
ACCOUNT NO 8405991164107
IBAN AZ52AIIB401600D8405991164107
SWIFT CODE AIIBAZ2X
ACCOUNT SIGNATORY MUSADDIQ ALI BAIG
BANK OFFICER / E-MAIL TURAL TEYMURLU (tural.teymurlu@kapitalbank.az)
BANK PHONE / FAX +994512303688

IMPROPER RELEASE OF THE ABOVE BANKING INFORMATION, FOR ANY REASON, WITHOUT THE WRITTEN PRIOR
AUTHORIZATION OF OTHER PARTY, SHALL BE CONSIDERED AS A BREACH OF CONTRACT AND WILL MAKE A
DEFAULTEDPARTY TOBE ACTIONABLE FOR DAMAGES SUSTAINED HEREBY. EACH PARTY IS NOT ALLOWED TO CONTACT
THE OTHER PARTY'S BANK WITHOUT EXPRESSED WRITTEN PERMISSION. ANY PARTY ATTEMPTING TO DO SO WILL LEAD
TO CANCELLATION OF THIS TRANSACTION/AGREEMENT.

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ASSIGNMENT
NEITHER PARTY MAY ASSIGN OR DELEGATE ITS INTEREST OR DUTIES WITHOUT PRIOR WRITTEN CONSENT OF THE
OTHER PARTY.

SEVERABILITY
IN THE EVENT THAT ONE OF THE ARTICLES OR ADDENDUM OF THIS AGREEMENT IS CONSIDERED VOID AND
ENFORCEABLE, THE WHOLE AGREEMENT IS CONSIDERED ENFORCEABLE AND CEASES TO EXIST. THE PARTIES SHALL IN
GOOD FAITH NEGOTIATE WITH ANY POSSIBLE CORRECTION TO THE ABOVE EVEN IN ORDER TO PREVENT THE
DISSOLUTION OF THE ENTIRE AGREEMENT.

AGREEMENT EXECUTION
EACH PARTY TO THIS AGREEMENT REPRESENT THAT IT HAS FULL LEGAL AUTHORITY TO EXECUTE THIS AGREEMENT
AND THAT EACH PARTY AGREES TO BE BOUND BY TERMS AND CONDITIONS SET FORTH HEREIN EACH PARTY AGREES
THAT THIS AGREEMENT MAY BE EXECUTED SIMULTANEOUSLY BY AND BETWEEN PARTIES VIA EMAIL OR FACSIMILE
TRANSMISSION WHICH SHOULD BE DEEMED AS ORIGINAL. ALL STATEMENTS MADE BY EITHER PARTY ARE UNDER
PENALTY OF PERJURY.

FOR AND ON BEHALF OF PROVIDER : FOR AND ON BEHALF OF BENEFICIARY/LESSEE:

FOR AND ON BEHALF OF PROVIDER :

NAME : MUSADDIQ ALI BAIG

NAME: GUILLERMO GONZALEZ BAUTISTA TITLE : CEO
TITLE: CEO PASSPORT # : BE3928593
PASSPORT NO.: PAA828517 ISSUE DATE : 02 MAY 2023
ISSUE DATE: 20 MAY 2015 EXPIRY DATE : 30 APR 2028
EXPIRY DATE: 20 MAY 2025 NATIONALITY : PAKISTANI
NATIONALITY: SPANISH

EDT (ELECTRONIC DOCUMENT TRANSMISSIONS) SHALL BE DEEMED VALID AND ENFORCEABLE IN RESPECT OF ANY
PROVISIONS OF THIS CONTRACT. AS APPLICABLE, THIS AGREEMENT SHALL BE:-

INCORPORATE U.S. PUBLIC LAW 106-229, ‘‘ELECTRONIC SIGNATURES IN GLOBAL & NATIONAL COMMERCE ACT’’ OR
SUCH OTHER APPLICABLE LAW CONFORMING TO THE UNCITRAL MODEL LAW ON ELECTRONIC SIGNATURES (2001)

ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, GENEVA, MAY 2000) ADOPTED BY THE UNITED NATIONS
CENTRE FOR TRADE FACILITATION AND ELECTRONIC BUSINESS (UN/CEFACT).

EDT DOCUMENTS SHALL BE SUBJECT TO EUROPEAN COMMUNITY DIRECTIVE NO. 95/46/EEC, AS

APPLICABLE. EITHER PARTY MAY REQUEST HARD COPY OF ANY DOCUMENT THAT HAS BEEN PREVIOUSLY
TRANSMITTED BY ELECTRONIC MEANS PROVIDED HOWEVER, THAT ANY SUCH REQUEST SHALL IN NO MANNER DELAY
THE PARTIES FROM PERFORMING THEIR RESPECTIVE OBLIGATIONS AND DUTIES UNDER EDT INSTRUMENTS.

NEXT PAGES EXHIBITS AND ANNEXES

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 5 OF 19
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“EXHIBIT A”

FORMAT OF THE PROVIDER’S PRE-ADVICE VIA MT-799

----------------------------------------------SWIFT MESSAGE TEXT----------------------- -----------------------

SUBJECT: CASH-BACKED SBLC UNDER ICC FORMAT 600
AMOUNT:
BENEFICIARY:
TRANSACTION CODE:

WE XXXX(ISSUING BANK AND ADDRESS)----------, ON BEHALF OF OUR CLIENT, HEREBY CONFIRM WITH FULL
BANKING RESPONSIBILITY THAT WE ARE READY TO ISSUE AND DELIVER ONE (1) YEAR AND ONE DAY STANDBY
LETTER OF CREDIT (SBLC) CASH BACKED ICC 600 FORMAT IN THE AMOUNT OF XX(€X,000,000,000.00) LAWFUL
CURRENCY OF THE EUROPEAN UNION IN FAVOR OF YOUR CLIENT INVESTMENT DEVELOPMENT LIMITED,
ACCOUNT NUMBER:_______________. MATURITY: (ONE YEAR AND ONE DAY) VIA SWIFT MT-760. THIS SWIFT MESSAGE
IS VERIFIABLE ON NORMAL BANK-TO-BANK BASIS WITH FULL BANKING RESPONSIBILITY. WE FURTHER CONFIRM
THAT THE SBLC IS CASH-BACKED AND IS TRANSFERABLE AND UNCONDITIONALLY CALLABLE UPON MATURITY. WE
ALSO CONFIRMED THAT THE SOURCE OF FUNDS IS DERIVING FROM LEGITIMATE SOURCE AND WE HAVE DONE OUR
INTERNAL DUE DILIGENCES ACCORDANCE TO MONEY LAUNDERING ACT. THIS FUND IS CLEAN AND CLEAR FROM
ANY CRIMINAL SOURCE. PLEASE CONFIRM YOU ARE READY TO RECEIVE AND FUND THIS BANK INSTRUMENT AS PER
AGREEMENT WITH OUR CUSTOMER ADVISE US THAT YOUR CLIENT HAS FULLY APPRISED YOU OF THE
ARRANGEMENT. THERE WILL BE NO LIENS AND ENCUMBRANCES ON THIS INSTRUMENT WHICH SHALL BE
DELIVERED AND AVAILED VIA MT760 AND EXACT SBLC SHALL BE AS BELOW:

---------------------------------------QUOTE----------------------------------

WE, -------------(ISSUING BANK AND ADDRESS)----------, AT THE REQUEST OF THE ABOVE REFERENCED CLIENT,
HEREBY ESTABLISH OUR IRREVOCABLE AND TRANSFERABLE STANDBY LETTER OF CREDIT IN FAVOR OF
SECOND PARTY xxxxxxxxxxxxxxxx, IN THE AMOUNT OF XX (€XX,000,000,000.00) LAWFUL CURRENCY OF THE
EUROPEAN UNION AVAILABLE BY DRAFT UPON PRESENTATION TO US OF THE ORIGINAL OF THIS LETTER OF
CREDIT AT OUR COUNTERS ON MATURITY, BUT NOT LATER THAN FIFTEEN (15) DAYS AFTER THE MATURITY
DATE.SUCH DRAFT, UNDER THIS L ETTER OF CREDIT MUST BE MARKED ON ITS FACE “DRAWN UNDER (ISSUING
BANK & ADDRESS), STANDBY LETTER OF CREDIT NUMBER [XXXXXXXXXXX], DATED XX/XX/2017”.

WE HEREBY AGREE WITH THE DRAWER, ENDORSER AND/OR BONA FIDE HOLDER OF THE DRAFT DRAWN
UNDER, AND IN COMPLIANCE WITH, TERMS OF THE LETTER OF CREDIT, SUCH THAT DRAFT WILL BE DULY
HONORED, AT ANY OF OUR COUNTERS WORLDWIDE, UPON PRESENTATION TO THE DRAWER HEREOF.

SUCH PAYMENT SHALL BE MADE WITHOUT SET -OFF AND CLEAR OF ANY DEDUCTIONS, OR CHARGES, FEES OR
WITHHOLDING OF ANY NATURE, NOW OR HEREINAFTER IMPOSED, LEVIED, COLLECTED, WITH-HELD OR
ASSESSED BY THE GOVERNMENT OF UNITED KINGDOM OR ANY POLITICAL SUBDIVISION OR AUTHORITY
THEREOF OR THEREIN.
THIS LETTER OF CREDIT IS IRREVOCABLE AND TRANSFERABLE AND IS DRAWN IN ACCORDANCE WITH, AND IS
SUBJECT THE “UNIFORM CUSTOMS AND PRACTICES FOR LETTER OF CREDIT” TO UCP (2007 REVISION) ICC
PUBLICATION NO. 600 (UCP 600) AND SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF UNITED KINGDOM. THIS IS AN OPERATIVE INSTRUMENT.

FOR AND ON BEHALF OF ( _______________ BANK NAME & FULL ADDRESS _________________ )
------------------------------------------------------------------------------
This pre-advise is valid for seven (7) international banking days only as an operative instrument, no mail con irmation
will follow. All charges are for the account of applicant.

BANK OFFICER: BANK OFFICER:

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TITLE; PIN CODE TITLE; PIN CODE

“EXHIBIT B”

FORMAT OF IRREVOCABLE CORPORATE PAYMENT GUARANTEE ON LESSEE’S LETTER HEAD

Date
Transaction Code MBC-TT-02/2023
From Musaddiq Baig Consultancy LLC
Of ice #4, 4th Floor, Amay Shopping Center
23 Nobel Prospekti
Baku, Azerbaijan
To Tarolia Trade S.L.
Pere Joan 53, 17230, Palamos, Spain / Pso de la Castellana 153, 28046
Madrid, Spain

Subject: Irrevocable Corporate Payment Undertaking

We, Musaddiq Baig Consultancy LLC hereby con irm with full corporate responsibility under penalty of
perjury that we are ready to receive an SBLC SWIFT MT760 USD 15 million only with a validity of one
year and one day from the date of issue; from Tarolia Trade S.L. at 7% of the SBLC face value as lease
cost and 1% as its agent fee / commission; for a total cost of 8% of the SBLC face value, as agreed upon in the
Deed of Agreement

BUYER’S BANKING COORDINATES TO RECEIVE THE SBLC VIA SWIFT MT799/MT760 AND REMIT LEASE
COST + AGENT FEE/COMMISSION VIA SWIFT MT103

Account Name Musaddiq Baig Consultancy LLC

Bank Name Kapital Bank OJSC Khatai Branch
Bank Address 12 Kucasi, S. Orucov, Xetai Rayonu
Baku, Azerbaijan
Account Signatory Musaddiq Ali Baig
Account Number 8405991164107
IBAN AZ52AIIB401600D8405991164107
SWIFT CODE AIIBAZ2X
Bank Of icer Name TURAL TEYMURLU
Bank Of icer Phone/Fax +994512303688
Bank Of icer Email tural.teymurlu@kapitalbank.az

LENDER’S BANK COORDINATES FOR ISSUING THE SBLC VIA SWIFT MT799/MT760 AND RECEIVING
PAYMENT VIA SWIFT MT103

Account Name Tarolia Trade S.L.

Bank Name Deutsche Bank, Sociedad Anonima Espanola
Bank Address Paseo de la Castellena, 18, 28046
Madrid, Spain
Account Signatory GUILLERMO GONZALEZ BAUTISTA
Account Number
IBAN ES 56 0019 0091 4649 3006 0942
SWIFT CODE DEUTESBBXXX
Bank Of icer Name VICEN MORE CAMPS
Bank Of icer Phone/Fax +34 972 20 27 59
Bank Of icer Email

We further irrevocably guarantee that within Twenty (20) banking days of the our above designated bank
receiving the bank receipt, con irmation and authentication of the SWIFT MT760; our designated bank shall

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remit through SWIFT MT103, SEVEN PERCENT 7% of the SBLC face value (USD 1,050,000/=) as lease cost to
your designated bank, with a courtesy copy to the your designated email address; and additionally pays out
the ONE PERCENT (1%) (USD 150,000/=) agent fees/commissions, in accordance to the IRREVOCABLE
MASTER FEE PROTECTION AGREEMENT (the “IMFPA”).

We hereby con irm that the funds are good, clean and clear funds derived from a legal source.

Our designated bank has endorsed this undertaking as a token of their con irmation.

For and on behalf of

Lessee Lessee’s Bank

Company Name Musaddiq Baig Consultancy LLC Kapital Bank OJSC Khatai Branch
Person Name Musaddiq Ali Baig
Designation Chief Executive Of icer
Signature

Stamp

Date July 23, 2023

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 8 OF 19

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“EXHIBIT C”

BG/SBLC Format via SWIFT MT-760

Start Transmission-----------------------------------------------------------------------------------------------
Date: XX.XX.17 Reprint From Local Swift acks ____________________________
MTT Tome: XX: XX:XX GMT +0
SRC RTE: ______________
DTN RTE: ______________
MSG TYPE: 760
----------------------------INSTANCE TYPE AND TRANSMISSION-----------------------------
Noti ication (TRANSMISSION) : OF ORIGINAL SENT TO SWIFT/FAX/TELEX (ACK)
Network Delivery Status : NETWORK ACK
Priority : URGENT
Correspondent Input Reference : ________________________________________
Correspondent Output Reference : ________________________________________
Swift Input : MT 760 STANDBY LETTER OF CREDIT (SBLC)
Provider :
Receiver :
----------------------------------------NARRATIVE--------------------------------------
F27 : Sequence of Total
X/X
F20 : Transaction Reference Number
X___________________________
F30 : Issue Date
XX/XX/17
Maturity Date
XX/XX/18
F40C : Applicable Rules
URDG.
F77C : Details of Standby Letter of Credit (SBLC)
SBLC NO: ________________
APPLICANT: _________________
BENEFICIARY: ___________________
ADVIRTISING BANK: ______________________
CURRENCY: UNITED STATES DOLLAR ($)
FACE AMOUNT: _________________________________
LATEST DATE FOR CLAIMS: “EXPIRY DATE” ONE (1) YEAR ONE (1) DAY FROM DATE OF ISSUE
Provider’s Reference
50A: account with Institution
*** BANK NAME:
*** BANK ADDRESS:
*** ORDERING CUSTOMER: ___________________________________
*** ACCOUNT/IBAN NUMBER: ________________________________
*** SWIFT CODE:

F57 Receiver BIC:

*** BANK NAME: KAPITAL BANK ASC XƏTAI FILIALI
*** BANK ADDRESS: BАKI ŞƏHƏRI, XƏTAI RAYONU, S.ORUCOV KUÇƏSI 12
*** ACCOUNT/IBAN NO: AZ52AIIB401600D8405991164107
*** ACCOUNT NAME: MUSADDIQ BAIG CONSULTANCY MMC
*** BANK OFFICER: MR. TURAL TEYMURLU
*** SWIFT CODE: AIIBAZ2X

F79 : NARRATIVE DESCRIPTION OF ORIGINAL MESSAGE

IRREVOCABLE STANDBY LETTER OF CREDIT NO: _____________________

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 9 OF 19

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BY ORDER AND FOR ACCOUNT OF __ ORDERING CUSTOMER__, WE HEREBY ESTABLISH OUR IRREVOCABLE,
TRANSFERABLE, ASSIGNABLE, DIVISIBLE, CONFIRMED STANDBY LETTER OF CREDIT NO: ___________________
IN YOUR FAVOR UP TO AN AGGREGRATE PRINCIPAL AMOUNT OF FIFTE EN MILLION DOLLARS ONLY
(DOLLARS 15.000.000,00)

THIS STANDBY LETTER OF CREDIT IS PAYABLE AGAIANST YOUR SIGHT DRAFT DRAWN ON US FOR THIS
AMOUNT UP TO FIFTEEEN MILLION DOLLARS ONLY (DOLLARS 15.000.000,00) AND MARKED WITH THE
CLAUSE “DRAWN UNDER ___________________________ IRREVOCABLE STANDY LETTER OF CREDIT NO:
_____________________ DATED XXTH ______ 2023 SIGNED BY THE BENEFICIARY ________________________ ACCOUNT
NUMBER /IBAN NO: _____________________

THIS CERTIFICATE SHALL BE FINAL AND CONCLUSIVE.

THIS STANDBY LETTER OF CREDIT IS EFFECTIVE FROM XXTH ________ 2023 AND EXPIRES IN XXST _____ 2024
AND ALL DRAWINGS UNDER THIS STANDBY LETTER OF CREDIT MUST BE PRESENTED TO US BEFORE THE
EXPIRY DATE.

WE HEREBY AGREE THAT ALL DRAFTS DRAWN ON US AND PRESENTED IN CONFORMITY WITH THE TERMS
OF THIS STANDBY LETTER OF CREDIT SHALL BE DULY HONORED BY US AND WE SHALL REMIT THE
PAYMENT UPON RECEIPT OF DOCUMENTS COMPLYING WITH THE CREDIT TERM AND CONDITIONS.
REIMBURSEMENT UNDER THIS STANDBY LETTER OF CREDIT IS SUBJECT TO ICC 600.

THIS STANDY LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES FOR
DOCUMENTARY CREDITS, 2007 REVISION, AND INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION
NO. 600 AND SHALL BE GOVERNED AND CONSTRUED IN ACCEPTANCE WITH THE ENGLISH LAWS IN THE
EVENT OF ANY INCONSITIANCY. THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL OR HARD COPY WILL
FOLLOW.

FOR AND ON BEHALF OF

AUTHORIZED OFFICER (1) : _________________ (___________) ______________________________

AUTHORIZED OFFICER (2) : _________________ (___________) ______________________________

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 10 OF 19

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IRREVOCABLE CORPORATE PROTECTION AGREEMENT

TO: BOTH PARTIES’ CONSULTANTS DATE: July 23, 2023

DESCRIPTION OF THE BANK INSTRUMENT

1 INSTRUMENT STANDBY LETTER OF CREDIT (SBLC)CASH BACKED
2 TERM OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED
3 ISSUING BANK DEUTSCHE BANK, SOCIEDAD ANONIMA ESPANOLA, MADRID, SPAIN
4 AGE /CURRENCY ONE (1) YEAR AND ONE (1) DAY-FRESH CUT /EURO
5 PRICE SEVEN PERCENT (7% OF LEASE) PLUS ONE PERCENT (1%)
6 INTERMEDIARY FEES 1% OF FACE VALUE TO THE PROVIDER SIDE
7 CONTRACT AMOUNT US DOLLAR FIFTEEN MILLION EURO ($ 15,000,000.00) PLUS R&E
8 TRANCHES US DOLLAR FIFTEEN MILLION (€ 15,000,000.00) ONE TRANCHE
10 PAYMENT SWIFT MT103/202
11 HARD COPY BONDED COURIER WITHIN FIVE BANKING DAYS.
12 PERIOD OF LEASE ONE YEAR AND ONE DAY (WITH POSSIBLE RENEWED ANNUALLY UP TO FIVE YEARS)

WE, MUSADDIQ ALI BAIG CONSULTANCY LLC ___(AS BENEFICIARY/LESSEE, HEREINAFTER AS “PAYER ”), REPRESENTED BY
PRESIDENT& AUTHORIZED SIGNATORY MR. MUSADDIQ ALI BAIG__, HOLDER_PAKISTANI ____PASSPORT NO:_ BE3928593, WITH
OFFICE ADDRESS AT_Of ice #4, 4th Floor, Amay Shopping Center, Nobel Prospektim Baku, Azerbaijan_, DO HEREBY IRREVOCABLY
GUARANTEE WITH FULL PERSONAL AND CORPORATE RESPONSIBILITY AND AUTHORITY, UNDER PENALTY OF APPLICABLE PERJURY
LAWS, AGREE TO ACT AS PAYER TO PAY THIS IRREVOCABLE MASTER FEE PROTECTION AGREEMENT WITH AN IRREVOCABLE
CORPORATE PAYMENT ORDER WHICH IS AN INTEGRAL PART OF ABOVE CODED AGREEMENT IN THE TOTAL AMOUNT OF ONE
PERCENT (1%) OF THE TOTAL FACE VALUE OF THE BANK INSTRUMENT FOR THE PARTY AT ISSUER SIDE ONLY WHICH SHALL BE PAID
INTO THE BELOW BANK ACCOUN’S BENEFICIARY AND WHICH SHALL INCLUDE ALL ROLLS AND EXTENSIONS.

PROVIDER’S SIDE:TOTAL ONE PERCENT (1%) TOTAL CONTRACT VALUE WITH R&E WILL BE PAID TO PAYMASTER :

BANK NAME
BANK ADDRESS
ACCOUNT NO. / IBAN
ACCOUNT NAME
SWIFT CODE
BANK OFFICER /
EMAIL
BANK PHONE / FAX

THIS AGREEMENT/IRREVOCABLE CORPORATE PAYMENT ORDER AND THE PAYMENT OF COMMISSIONS HEREIN ARE SUBJECT TO THE
INTERNATIONAL CHAMBER OF COMMERCE “ICC” AND THE ICC ARBITRATION ACT AS ADOPTED BY THE ICC OFFICE IN HONG KONG,
BY THREE ARBITRARY APPOINTEES IN ACCORDANCE WITH ICC RULES. ALL NC/ND CLAUSES AS PRESCRIBED BY ICC RULES (LATEST
EDITION) SHALL APPLY TO THIS AGREEMENT AND PAYMENT ORDER. THIS AGREEMENT AND IRREVOCABLE CORPORATE PAYMENT
ORDER IS IRREVOCABLE, DIVISIBLE, AND UNCONDITIONAL, AND MAY BE ASSIGNED O NLY BY THE BENEFICIARIES NAMED HEREIN.
THIS AGREEMENT AND IRREVOCABLE CORPORATE PAYMENT ORDER MAY BE EXECUTED IN ONE OR MORE COUNTERPARTS, EACH
ONE SHALL BE DEEMED AN ORIGINAL AND ALL TOGETHER SHALL CONSTITUTE ONE AND THE SAME DOCUMENT.

A SIGNED FAX OR ELECTRONICALLY TRANSMITTED COPY OF THIS DOCUMENT SHALL BE DEEMED BINDING ON THE “PARTIES” WITH
THE FORCE AS THE SIGNED ORIGINAL. THE AGREEMENT AND IRREVOCABLE CORPORATE PAYMENT ORDER IS VALID WHEN
COMMENCEMENT OF THE ABOVE-REFERENCED TRANSACTION TAKES PLACE AND SHALL REMAIN VALID AND ENFORCEABLE FOR
THE FULL TERMS OF THE TRANSACTION, INCLUDING ANY NEW AGREEMENT BETWEEN THE PARTIES AND/OR THEIR ASSIGNS.

BENEFICIARIES RESERVE RIGHT TO CHANGE BANK COORDINATES STATED HEREIN AT ANY TIME BY PROVIDING WRITTEN REQU EST
TO THE PARTY B/PAYER. UPON EXECUTION OF THE AGREEMENT AND THE FINAL AGREEMENT AND PRIOR TO, OR SIMULTANEOUSLY
WITH THE FIRST TRANSACTION, WE GUARANTEE THAT THIS IRREVOCABLE MASTER FEE PROTECTION AGREEMENT & IRREVOCABLE
CORPORATE PAYMENT ORDER WILL BE LODGED WITH THE PARTY B/PAYER’S BANK.PARTY B/PAYER’S BANK SHALL PROVIDE THE
BENEFICIARIES, BY E-MAILS WITH COPIES OF THE SWIFT RELATED TO ALL PAYMENT INSTRUCTIONS UPON THE CLOSING OF EACH
AND EVERY TRANSACTION OF THE ABOVE TRANSACTION.

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 11 OF 19

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PAYER’S PAYING BAN K DETAILS:

BANK NAME KAPITAL BANK OJSC KHATAI BRANCH

BANK ADDRESS 12 Kucasi, S.Orucov, Xetai Rayonu, Baku, Axerbaijan
ACCOUNT NAME MUSADDIQ BAIG CONSULTANCY LLC
ACCOUNT NO 8405991164107
IBAN AZ52AIIB401600D8405991164107
SWIFT CODE AIIBAZ2X
ACCOUNT SIGNATORY MUSADDIQ ALI BAIG
BANK OFFICER / E-MAIL TURAL TEYMURLU (tural.teymurlu@kapitalbank.az)
BANK PHONE / FAX +994512303688

IN THE EVENT THAT THE TRANSACTION WAS NOT PERFORMED OR ONLY PERFORMED IN PART, THE PAYMASTERS / BENEFICIARIES
LISTED ABOVE SHALL NOT HOLD THE UNDERSIGNED PAYER RESPONSIBLE FOR ANY EXPENSES, CHARGES AND/OR COST, OR HOLD
THE PAYER LIABLE FOR ANY CIVIL AND CRIMINAL ACTIONS. THE UNPERFORMED PART OF THIS IRREVOCABLE MASTER FEE
PROTECTION AGREEMENT WILL THEREFORE AUTOMATICALLY BECOME NULL AND VOID. IT IS UNDERSTOOD THAT ALL PARTIES
HEREIN INVOLVED ARE CONSIDERED TO BE BOUND BY INTERNATIONAL STANDARD OF NON-CIRCUMVENTION/NON-DISCLOSURE AS
GOVERNED BY THE INTERNATIONAL CHAMBER OF COMMERCE, AND IF SUBJECT TO LITIGATION, TO THE LAWS OF THE INVOLVED
COUNTRIES.PARTIES TO THIS AGREEMENT ARE INDEPENDENT CONTRACTORS AND ALL CONTEMPLATED PAYMENTS AND/OR
DISTRIBUTIONS HEREUNDER ARE DIVIDED INTERESTS. ALL TAXES, FEDERAL, STATE OR OTHER, ARE THE INDEPENDENT
RESPONSIBILITY OF EACH OF THE PARTIES HERETO. REPORTING OF INCOME AND THE PAYMENT OF ANY RELATED TAXES IS THE SOLE
RESPONSIBILITY OF THE PARTIES INDIVIDUALLY.THIS AGREEMENT WILL BECOME AN INTEGRAL PART AND INCLUDED WITHIN
LEASING AGREEMENT IDENTIFIED WITH TRANSACTION CODE: _MBC-TT-01/2023, AS SOON AS THE CONTRACT BECOMES VALID AND
SIGNED. IF NO TRANSACTION IS COMPLETED UNDER AFORESAID TRANSACTION, PROVIDER, AND LESSEE CODES COLLECTIVELY, THEN
NO OBLIGATION TO THE BENEFICIARIES/CONSULTANTS AND ANY OTHER PARTIES UNDER THIS AGREEMENT IS ESTABLISHED.THE
RECEIPT OF THIS DOCUMENT CONSTITUTES ACKNOWLEDGEMENT ON THE PART OF RECIPIENTS HEREOF THAT THE TRANSACTIONS
HEREIN ARE NOT TO BE IN VIOLATION OF EXISTING REGULATIONS AND LAWS AND ALL PARTIES HEREIN ARE BOUND TO OBEY AND BE
IN COMPLIANCE WITH ALL REGULATIONS AND LAWS AS RELATED TO THE TRANSACTIONS HEREIN. THE SIGNATORY HEREOF AVERS
AND CONFIRMS THAT HE HAS THE POWER AND AUTHORITY TO EXECUTE THIS IRREVOCABLE FEE AGREEMENT AND PAY ORDER.WE
AGREE TO THE ABOVE IRREVOCABLE FEE PROTECTION AGREEMENT IN ITS ENTIRETY

CONFIRMED AND SIGNED ON DAY JULY 23, 2023,

FOR AND ON BEHALF OF LESSEE/PAYOR:

__________________________________________________________________
NAME : MR. MUSADDIQ ALI BAIG
TITLE : CEO
NATIONALITY : PAKISTANI
PASSPORT : BE3928593
ISSUE DATE : 02 MAY 2023
EXPIRY DATE : 30 APR 2028

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CLIEN’T INFORMATION SHEET

IN ACCORDANCE WITH ARTICLES TWO (2) THROUGH FIVE (5) OF THE DUE DILIGENCE CONVENTION AND THE FEDERAL BAKING COMMISSION CIRCULAR OF
DECEMBER 1998, CONCERNING THE PRVENTION OF MONEYLAUNDERING, AND ARTICLE 350 OF THE SWISS CRIMINAL CODE, THE FOLLOWING
INFORMATION MAY BE SUPPLIED TO BANK AND / OR OTHER FINANCIAL INSTITUTIONS FOR THE PURPOSE OF VERIFICATION OF IDENTITY AND ACTIVITIES
OF THE INVESTING MEMBER, AND THE NATURE AND ORIGIN OF THE FUNDS THAT ARE TO BE UTILIZED. ALL PARTIES HEVE AN OBLIGATION TO RESPECT
PROFESSIONAL SECRECY AND TO TAKE ALL APPROPRIATE PRECAUTIONS TO PROTECT THE CONFIDENTIALITY OF THE INFORMATION EACH HOLDS IN
RESPECT OF THE OTHER’S ACTIVITIES. THIS LEGAL OBLIGATION SHALL REMAIN IN FULL FORCE AND EFFECT AT ALL TIMES.

CLIENT NAME (SIGNATORY) MUSADDIQ ALI BAIG

CITIZENSHIP Pakistanı́
PASSPORT NUMBER BE3928593
PASSPORT ISSUE DATE 02 MAY 2023
FEDERAL ID NUMBER N/A
DATE OF BIRTH 14 June 1974
CELLUAR PHONE NUMBER +92 345 2798279 / +994505462713
DRECT EMAIL ADDRESS ceo@musaddiqbaigconsultancy.com
BUSINESS NAME MUSADDIQ BAIG CONSULTANCY LLC
BUSINESS ADDRESS Of ice #4, 4th Floor, Amay Shopping Center, Nobel Prospektim Baku,
Azerbaijan
REGISTERED OFFICE Of ice #4, 4th Floor, Amay Shopping Center, Nobel Prospektim Baku,
Azerbaijan
REGISTRATION NUMBER 2007482981
BANK NAME KAPITAL BANK OJSC KHATAI BRANCH
BANK ADDRESS 12 Kucasi, S.Orucov, Xetai Rayonu, Baku, Axerbaijan
ACCOUNT NAME MUSADDIQ BAIG CONSULTANCY LLC
IBAN NUMBER AZ52AIIB401600D8405991164107
ACCOUNT NUMBER 8405991164107
SWIFT CODE AIIBAZ2X
BANK OFFICER NAME TURAL TEYMURLU
BANK OFFICER PHONE/FAX +994512303688
BANK OFFICER E-MAIL tural.teymurlu@kapitalbank.az
ACCOUNT SIGNATORY Musaddiq Ali Baig

DECLARATION: I, MR. MUSADDIQ ALI BAIG, HEREBY SWEAR UNDER PENALTY OF PERJURY, THAT THE INFORMATION PROVIDED IS
BOTH TRUE AND ACCURATE. I AM THE SIGNATORY ON THE AFOREMENTIONED BANK ACCOUNT. ALL MONIES ENGAGED IN THIS
TRANSACTION ARE DERIVED FROM NON-CRIMINAL ORIGIN; AND, ARE GOOD, CLEAN AND CLEARED. THE ORIGIN OF FUNDS ARE IN
COMPLIANCE WITH ANTI-MONEY-LAUNDERING POLICIES AS SET FORTH BY THE FINANCIAL ACTION TASK FORCE (FATF) 6/01.

AGREED AND SIGN THIS SUNDAY, JULY 23, 2023, FOR AND ON BEHALF OF BENEFICIARY/LESSEE

______________________________________________________________________

NAME : MR. MUSADDIQ ALI BAIG

TITLE : CEO
NATIONALITY : PAKISTANI
PASSPORT : BE3928593
ISSUE DATE : 02 MAY 2023
EXPIRY DATE : 30 APR 2028

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 13 OF 19

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RESOLUTION OF THE BOARD OF DIRECTORS

I, MR. MUSADDIQ ALI BAIG, AS CHIEF EXECUTIVE OFFIER AND AUTHORIZED SIGNATORY OF MUSADDIQ
BAIG CONSULTANCY LLC , DO HEREBY CONFIRM THAT I HAVE REQUESTED OF YOU AND YOUR
ORGANIZATION, SPECIFIC CONFIDENTIAL INFORMATION AND DOCUMENTATION ON BEHALF OF US
REGARDING CURRENTLY AVAILABLE PROJECT FUNDING TO SERVE ONLY OUR INTEREST, EDUCATION, AND
NOT FOR FURTHER DISTRIBUTION.

A QUORUM OF DIRECTORS OF MUSADDIQ BAIG CONSULTANCY LLC (HEREINAFTER CALLED THE

"COMPANY") WITH ITS ADDRESS AT Of ice #4, 4th Floor, Amay Shopping Center, Nobel Prospektim Baku,
Azerbaijan. ATTENDED IN PERSON OR BY TELEPHONE/VIDEO CONFERENCE A BOARD OF DIRECTORS
MEETING WHICH WAS DULY NOTICED AND HELD ON JULY 17 TH, 2023. A DETAILED DISCUSSION
REGARDING VARIOUS ISSUES AND ASPECTS OF THIS TRANSACTION WAS HELD TO THE FULL SATISFACTION
OF THE BOARD MEMBERS AND THE FOLLOWING RESOLUTIONS WERE UNANIMOUSLY ADOPTED:

RESOLUTION 1:

IT IS RESOLVED THAT THE BOARD OF DIRECTORS OF MUSADDIQ BAIG CONSULTANCY LLC HEREBY
APPOINTS AND AUTHORIZES ITS CHIEF EXECUTIVE OFFICER WITH PASSPORT NUMBER BE3928593
ISSUED ON 02 MAY 2023, AS OUR MANAGING MEMBER TO ACT WITH FULL AUTHORITY ON OUR BEHALF,
STAY AND NAME, TO INSTRUCT, NEGOTIATE, ARRANGE, MONITOR, EXECUTE, MANAGE AND SIGN ANY AND
ALL AGREEMENTS AND/OR NECESSARY CONTRACTS WITH THIRD PARTIES PERTINENT TO ALL FINANCIAL
TRANSACTIONS WITH BANK INSTRUMENTS (SECURITIES/DERNATIVES)

RESOLUTION 2

IT IS RESOLVED THAT AT THIS MEETING OF THE BOARD OF DIRECTORS THAT OUR MANAGING MEMBER
AND IN FACT MUSADDIQ ALI BAIG ACTS AS REPRESENTATIVE WITH REGARDS TO THE AFORESAID
FINANCIAL INVESTMENT.

RESOLUTION 3:

IT IS RESOLVED THAT MUSADDIQ ALIG BAIG IS HEREBY AUTHORIZED TO ACT AS OUR FINANCIAL
DIRECTOR FOR THE AFORESAID PURPOSE.

RESOLUTION 4:

IT IS RESOLVED THE BOARD OF DIRECTORS OF MUSADDIQ BAIG CONSULTANCY LLC HEREBY

AUTHORIZED MUSADDIQ ALI BAIG: TO ASSUME ALL AUTHORITY, POWERS, DUTIES, SIGNATORY RIGHTS
AND RESPONSIBILITIES ON OUR BEHALF.

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I, MUSADDIQ ALI BAIG, HEREBY SWEAR UNDER PENALTY OF PERJURY, THAT THE INFORMATION
PROVIDED HEREIN IS ACCURATE AND TRUE AS OF THIS DATE:

CONFIRMED AND SIGNED ON DAY JULY 17 TH, 2023

FORAND ON BEHALF OF BENEFICIARY/RECEIVER:

______________________________________________________________________

NAME : MR. MUSADDIQ ALI BAIG

TITLE : CEO
NATIONALITY : PAKISTANI
PASSPORT : BE3928593
ISSUE DATE : 02 MAY 2023
EXPIRY DATE : 30 APR 2028

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 15 OF 19

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PROVIDER’S PASSPORT COLOUR COPY

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PROVIDER’S CORPORATE CERTIFICATE COPY

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LESSEE’S PASSPORT COLOUR COPY

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LESSEE’S INCORPORATION CERTIFICATE COPY

>>>>>>>>>>> XXX END OF DOCUMENT XXX <<<<<<<<<

PROVIDER’S INITIALS: RECEIVER’S INITIALS: PAGE 19 OF 19