RECEIVER’S LETTERHEAD

TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

LETTER OF INTENT (LOI)/ DEED OF AGREEMENT (DOA)

This Letter of Intent/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 AUGUST 02,
2023, by and between:

THE PROVIDER:
COMPANY NAME
COMPANY ADDRESS
REGISTRATION NO
REPRESENTED BY
TITLE
PASSPORT NO
ISSUING COUNTRY
DATE OF ISSUE
DATE OF EXPIRY

(Hereinafter to the 'FIRST PARTY or PROVIDER' on the one part,)

AND

THE BENEFICIARY/RECEIVER:
COMPANY NAME
REGISTERED ADDRESS
REGISTRATION NUMBER
REPRESENTED BY
POSITION
PASSPORT NO
COUNTRY OF ISSUE
DATE OF ISSUE
DATE OF EXPIRY 04TH JANUARY 2028
(Hereinafter to the 'SECOND PARTY or BENEFICIARY ' on other part

Both parties collectively being referred to as the “PARTIES”

WHEREAS, the Beneficiary desires to receive a collateral facility from the provider, ONE HUNDRED MILLION
EUROS (€100,000,000.00) in form of SBLC for the purpose to secure working capital and proper management of
his daily business, and further confirms with full corporate and legal responsibility that sufficient funds are
available to cover the costs of the said credit facility.

WHEREAS, the 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.
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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

NOW THEREFORE, the Second Party has agreed to receive the SBLC to pay Twelve Percent (12.00%) of Face
Value of the instrument per annum and Provider has agreed to deliver the SBLC to the Second Party and both
Parties hereby agree to the following terms stated below:

Description of Instrument:
Instruments
Term
Issuing Bank
Currency
Contract Amount
Term
Issued/Age
Interest
Price
Delivery
Mode of Payment
Special Note

TRANSACTION PROCEDURES:
1. Second Party issues a full intake package in English of the LOI/DOA duly completed in all respects and signed
with Second Party’s full banking co-ordinates.

2. After successful due diligence, First Party countersigns LOI with First Party’s Signatory Color Copy Passport
and Certificate of Incorporation which automatically becomes a Deed of Agreement.

3. Upon signing of this Agreement, the SECOND PARTY’s Receiving Bank will send Swift MT199 RWA to the FIRST PARTY’s
issuing bank. (As per Appendix-1).

4. Within three (3) banking days, FIRST PARTY’s issuing Bank sends Swift MT799 RWA/PRE-ADVICE via SWIFT GLOBAL
INTERNATIONAL SYSTEM to SECOND PARTY’s Receiving Bank (As per Appendix-2).

5. Within three (3) banking days, the Receiver shall instruct the receiving bank to issue SWIFT MT 799 PAYMENT
UNDERTAKING(BPU) to the Issuer’s designated bank (As per Appendix 3).

6. Within five (5) banking days upon verification of the MT799 BPU, Provider will instruct the issuing bank to issue and
deliver the Swift MT760 SBLC via SWIFT GLOBAL INTERNATIONAL SYSTEM to Receiver’s designated bank for
verification and authentication. (As per Appendix 4).

7. Within Five (5) international banking days upon successful verification and authentication of Swift MT760, the SECOND
PARTY’s Receiving Bank will wire transfer invoice price of Twelve percent (12.0 %) to FIRST PARTY’s designated bank
via SWIFT MT103 Wire Cash Transfer.

8. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.

9. The standby letter of credit will be returned to the FIRST PARTY’s designated bank within 15 (Fifteen) days of maturity
unencumbered, without lien and any obligation.

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

[REMARKS]
1. DISPUTE CASE: If BENEFICIARY claims non receipt of the BANK INSTRMENTS (SWIFT MT760) by the RECEIVING bank
then within Three (3) Banking Days from issuing date, they have to provide SWIFT MT199 stating non–receipt PLUS
screen shot from receiving bank computer (high resolution) showing the request of receiving bank info system with
appropriate negative answer of the system, otherwise BANK INSTRUMENTS SWIFT will be considered as received

2. Should the SECOND PARTY default in paying the instrument cost, as per this agreement, within a period of
10(Ten) banking days of Encashment after verification, confirmation, authentication and acceptance on
account of the SWIFT MT760 SBLC, the FIRST PARTY shall instruct the issuing bank to put a claim on the
instrument, by SWIFT MT792, and the Standby Letter of Credit will be returned to the FIRST PARTY ’s
designated bank unencumbered, without lien and any obligation.

3. Any unauthorized bank calls, probes or communications, or an improper solicitation or disclosure involving
any of the banks concerned in this transaction will result in immediate cancellation of this transaction and
subject the violating party to damages

4. No reply mail or tele-communication and confirmation or what so ever communication required that must
be operative instrument Swift Service Level required.

SANCTIONS (NON-PERFORMANCE)
After this contract is signed by both Parties 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 2% of the contract
value to the principal suffering party.

NON-SOLICITATION
The SECOND PARTY hereby confirms and declares that the First Party, its associates or representatives or any
person or persons on its behalf has/have never ever solicited the Second Party, 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.

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

This agreement contains the entire agreement and understanding concerning the subject matter hereof and
supersedes and 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 it enforce any of the terms of this
agreement the prevailing party shall be entitles to recover reasonably attorney fees and costs.

BANKING CO-ORDINATES:
The First Party and Second Party agree to the following banking co-ordinates pertaining to the agreement herein
below stated:

FIRST PARTY BANKING CO-ORDINATES:

First Party’s Bank Coordinates(I) to send RWA and Swift MT760

BANK NAME
COMPANY NAME
BANK ANDDRESS
ACCOUNT IBAN NUMBER
SWIFT

First Party’s Bank Coordinates(II) to receive MT799 BPU and Twelve Percent(12%) via unconditional SWIFT
wire transfer by SWIFT MT103 Wire Cash Transfer.
PAYMASTER
BANK NAME
BANK ADDRESS
SWIFT CODE
ACCOUNT NAME
IBAN NUMBER

Second Party's nominated bank co-ordinates to send SWIFT MT199 RWA and to receive SWIFT MT760 SBLC
and to send MT799 BPU and to make payments via SWIFT MT103.
BANK NAME
STREET ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
SWIFT CODE
BANK OFFICER NAME
EMAIL ADDRESS

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 defaulted party to be 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.

ASSIGNMENT
Neither party may assign or delegate its interest or duties without prior written consent of the other party.

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

SEVERABILITY
In the event that one of the articles or addendums 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 represents 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.

In WITNESS WHEREOF the parties hereto have duly signed and executed this Contract in duplicate on the day
and place as stated here above.

ACCOUNT SIGNATORY: ACCOUNT SIGNATORY:

PASSPORT NUMBER: PASSPORT NUMBER:
ISSUING DATE: ISSUING DATE:
EXPIRY DATE: EXPIRY DATE:
ISSUING COUNTRY ISSUING COUNTRY
Signed date Signed date

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

NON-SOLICITATION STATEMENT

DATE: 02 August, 2023

To: The Collateral First Party

I, as Cash Owner and Signatory, do hereby confirm that I have requested of you and your organization, specific
confidential information and documentation on behalf of myself regarding currently available Project funding to
serve only my interest, education, and not for further distribution.

I hereby agree that all information received from you is in direct response to my request, and is not in any way
considered or intended to be a solicitation of any sort, or any type of offering, and for my general knowledge
only. I hereby affirm under penalty of perjury, that I have requested this information from you and your
organization of my choice and free will and further, and that you have not solicited me in any way.

I hereby represent that I am not an informant, nor am I associated with any government agency of the United
States of America, or any other country, such as the Secret Service, Internal Revenue Service, Federal Bureau of
Investigation, Central Intelligence Agency, Securities and Exchange Commission, Banking Commission, nor any
agency whose purpose is to gather information regarding such offerings.

I understand that the contemplated transaction is strictly one of private placement, and is in no way relying
upon, or relating to, the United States Securities Act of 1933, as amended, or related regulations, and does not
involve the sale of securities.

Further, I hereby declare that you have disclosed that you are not a licensed Security trader, attorney, bank
officer, certified public accountant or financial planner.

Any information, work or service conducted hereunder is that of a private individual and that this is a project
funding transaction that is exempt from the Securities Act and not intended for the general public but Private
Use only.

The electronic mail transmission of this document shall be considered a binding and enforceable instrument,
treated as original copy. Original may be obtained upon request.

For and on behalf of Second Party:

_____________________________________
ACCOUNT SIGNATORY:

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

NON-CIRCUMVENTION AND NON-DISCLOSURE

DATE: 02 August, 2023

To: The Collateral First Party

All parties do herein agree that the non-circumvention and non-disclosure rules (NCNDA) of all issues from the
ICC 458 apply to this transaction for a period of five (5) years from date of execution of this agreement by the
undersigned, his or her assigns, agents and/or heirs.

This NCNDA also applies to any and all other transactions direct or indirect initiated by these intermediaries.

The undersigned agrees that this fee protection is assignable and transferable to the beneficiaries, designs, heirs
& assigns upon written notice of all parties and shall not be amended without the express written consent of the
parties. If no contract is consummated, this fee protection agreement is null and void in its entirety.

All disclosed banking information shall be strictly confidential. No communication between banking officers.
Other than transmission by SWIFT wire transfer and any other transmission specifically authorized by the
beneficiaries, is permitted. All communications shall clearly reference the transaction code, the First Party's code
and the Second Party's code referred to herein.

Should a contract be signed between the First Party and the Second Party, a bank endorsed corporate pay order
will be issued to the paymaster of each group, followed by a SWIFT wire transfer to the paymaster's account,
when payment for the bank instrument is completed.

An executed facsimile or email copy shall be deemed to be as an ORIGINAL.

For and on behalf of Second Party:

______________________________________
ACCOUNT SIGNATORY:

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

& PAYMENT-ORDER AND PAYMENT GUARANTEE

Instruments
Term
Currency
Issuing Bank
Contract Amount ONE HUNDRED MILLION EUROS(€100,000,000.00)
Price Ten Percent (10%) of FV plus Two Percent(2%) of intermediary fee

I, Mr. .........................., holder of Passport No. A55964945, issued by the Government of MALAYSIA (Hereinafter
referred to as the “Payor”), acting with full corporate authority and responsibility, hereby irrevocably and
unconditionally, without protest or notification, without prejudice, recourse, or delay guarantee to pay the fees
entitled to the beneficiaries listed on this document, via wire transfer, at the time of settlement of each and
every tranche of the transaction. This Fee Agreement is our Irrevocable Pay Order to the intermediaries, and is
non-separable part of the contract between the Provider and the Receiver.

In recognition for the services rendered towards the completion of the contractual formalities and the
commencement of the above referenced transaction, we the undersigned as Pay or, hereby Irrevocably and
unconditionally, without protest, demand or delay, guarantee and promise to pay for Acquisition Cost of
TWELVE PERCENT(12%) of the face value of SBLC SWIFT MT760 banking instrument (as per agreed by both
Provider and Receiver), for the benefit of the related Paymaster and Consultant Groups (hereinafter called
collectively the “Beneficiaries”).

The parties agree that the commission fees stated is as compensation for services rendered and are irrevocably
and unconditionally guaranteed to be paid by the Second Party to the agent or intermediary listed in this IMFPA
by wire transfer simultaneously with the transfer of Investment Funds to our account for this transaction of the
SBLC MT760. The commission fees will be free of legal impediment and free of any deductions, excluding bank
transfer fees, for this and all subsequent transactions between the parties.

This “Fee Agreement-Pay Order” is unconditional, assignable and divisible. This “Fee Agreement-Pay Order” shall
ensure to the benefit of the beneficiaries and their respective heirs, administrators, successors and assigns, as
the case may be, and shall be binding and enforceable upon us, our successors and assigns as the case maybe,
until this transaction, including any renewals, extensions and additions are fully completed. This Fee Agreement-
Pay Order, if transmitted by facsimile, shall be considered an original, legally enforceable document.

Generally recognized International Standards of Non-Circumvention and Non-Disclosure are applicable for a
period of five (5) years, from the last date of this contract, including any renewals, extensions and additions,
which are fully completed and we agree to respect those.

We hereby declare that we are fully aware that the information received from you is indirect response to our
request and is not in any way considered or intended to be a solicitation of funds of any sort, or any type of
offering, and is intended for our general knowledge only. We hereby also affirm, under penalty of perjury, that
we have requested information from you and your organization by our choice and free will, and further that you
have not solicited us in anyway.

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

We understand that the contemplated transaction is strictly one of Private Placement and is in no way relying
upon or relating to the United States Securities Act of 1933, as amended, or related regulations, and does not
involve the sale of securities. Further, we hereby declare, we are not licensed brokers or government employee
sand understand neither are you or your organization.

We mutually agree that this private placement transaction is exempt from the Securities Act and is not intended
for the general public and all materials are for our “PRIVATE USE ONLY”. Intermediaries are NOT Advisors of any
kind.

All negotiations terms and conditions are between the principle parties and their perspective legal counsel only!
Both principle parties are responsible for the ramification of their own actions. All Intermediaries are considered
introducers and held harmless from any legal actions brought on by either party. Parties to this agreement are
independent contractors and all contemplated payments and/or disbursements hereunder are divided interests.
Nothing in this agreement construes or creates a partnership or employer/employee relationship between or
among the parties hereto.

All taxes, federal, state or other are the independent responsibility of each of the parties hereto. The above
stated Transaction Codesas well as other identification and security codes,shall all remain the same and shall not
be changed until this transaction, including any renewals, extensions and additions, is(are) fully completed and
we agree to respect those. The transaction code may be amended only by agreement between all parties
hereto. This transmission via facsimile or electronically via e-mail is accepted as an original, and I confirm that I
have the full authority to execute this Pay Order.

In consideration of the mutual benefits to be derived by the associates or affiliated individuals, agents,
companies, designees, trustees or executors, it is understood and agreed that the parties hereto are mutually
desirous of effecting this business transaction in co-operation with one another for their mutual benefit and all
signatory parties agree to abide by the following terms and conditions:

1. Each party agrees that they will not make any contact with, deal with or be involved with individuals,
trader and investor introduced by another signatorie(s) without specific permission of the introduced signatory
for the Provider and Receiver.
2. The signatory agrees to keep confidential the identity of and all contacts so provided by any other
signatories.
3. The parties hereto agree that all commissions or fees as agreed by the parties shall be paid in full at the
end of every transaction.
4. This agreement shall be legally binding on the parties hereto, their principals, employees,
representatives, agents and assigns in all countries of the world.

The parties hereto affirm that in every case they will act with the highest standards of ethics and honesty in all
their dealings.

This agreement shall be respected and honored at all times, unless otherwise mutually agreed upon and any
party will permit no attempt or hint of circumvention. Each of the above parties agrees and understands that
any overt or covert action of circumvention prescribed by this agreement shall be a fraudulent act against the
other THE First Party and will be subject to judicial action, recompense for damages, possible punitive damages
and injunctive relief imposed by the legal process.

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

BANKING COORDINATES:
The First Party and Second Party agree to the following banking co-ordinates pertaining to the agreement herein
below stated:

SECOND PARTY/PAYOR BANK COORDINATE

Bank Coordinates to pay for the TWELVE PERCENT (12.00%) of SBLC MT760 Face Value
BANK NAME
STREET ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
SWIFT CODE
BANK OFFICER NAME
EMAIL ADDRESS

SECOND PARTY/PAYOR BANK COORDINATE

Bank Coordinate to receive TWELVE Percent(12.00%) for Acquisition Cost of SBLC MT760 Face Value
PAYMASTER
BANK NAME
BANK ADDRESS
SWIFT CODE
ACCOUNT NAME
IBAN NUMBER

This Master Fee Protection Agreement has been agreed and executed by the undersigned on this 28 day of
February, 2023

ACCOUNT SIGNATORY: ACCOUNT SIGNATORY:

PASSPORT NUMBER: PASSPORT NUMBER:
ISSUING DATE: ISSUING DATE:
EXPIRY DATE: EXPIRY DATE:
ISSUING COUNTRY ISSUING COUNTRY
Signed date Signed date

ANNEX [1]
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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

SWIFT MT199 RWA

SWIFT RWA FROM RECEIVER BANK TO PROVIDE BANK
(Text may vary in substance but the essential undertaking must be maintained)
SENDER:
BANK NAME
STREET ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
SWIFT CODE

RECEIVER:
BANK NAME HSBC BANK PLC
COMPANY NAME
BANK ANDDRESS
IBAN NUMBER
SWIFT

TRANSACTION CODE :
CURRENCY : EUROS
AMOUNT : ONE HUNDRED MILLION EUROS (€100,000,000.00)

READY WILLING & ABLE STATEMENT

WE, XXXX, LOCATED AT XXXXXXXXXXXXXXX, HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT YOU, AS
OUR CLIENT XXXXXX, WITH ACCOUNT NUMBER XXXXXXXXX) THAT WE ARE READY, WILLING, AND ABLE TO
RECEIVE SBLC VIA SWIFT MT760. WE FURTHER CONFIRM THAT YOU, AS OUR CLIENT, HAVE THE FINANCIAL
CAPABILITY TO SETTLE PAYMENT IN AN AMOUNT ONE HUNDRED MILLION EUROS (€100,000,000.00) PER
TRANSACTION AND PER TRANCHE, AFTER OUR VERIFICATION AND AUTHENTICATION OF SAID SBLC.
FOR AND ON BEHALF OF xxx
______________________ ______________________
AUTHORIZED BANK OFFICER 1 AUTHORIZED BANK OFFICER 2
<NAME, TITLE, PIN CODE> <NAME, TITLE, PIN CODE>

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

ANNEX [2]
SWIFT MT799 PRE-ADVICE
PROVIDER’S BANK TO RECEIVER’SBANK
(Text may vary in substance but the essential undertaking must be maintained)

SENDER:
BANK NAME HSBC BANK PLC
COMPANY NAME
BANK ANDDRESS
IBAN NUMBER
SWIFT

RECEIVER:
BANK NAME RHB BANK BERHAD
STREET ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
SWIFT CODE

AMOUNT : ONE HUNDRED MILLION EUROS (€100,000,000.00)

WE, XXXXX, LOCATED AT XXXX DO HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY, THAT WE ARE READY WILLING AND
ABLE TO DELIVER THE STANDBY LETTER OF CREDIT, TERM ONE YEAR AND ONE DAY VIA SWIFT MT760 AMOUNT OF ONE
HUNDRED MILLION EUROS (€100,000,000.00) IN FAVOR OF XXXXXXX ACCOUNT NUMBER: XXXXXXX.

WE FURTHER CONFIRM THAT THE STANDBY LETTER OF CREDIT IS CASH-BACKED AND IS ASSIGNABLE, TRANSFERABLE AND
IRREVOCABLE, UNCONDITIONALLY CALLABLE UPON MATURITY.

WE REQUEST YOU TO REPLY TROUGH SWIFT MT799 BANK PAYMENT UNDERTAKING(BPU) CONFIRMING READINESS TO
RECEIVE MT760 AND FUND IN ACCORDANCE WITH CONTRACTUAL AGREEMENT REFERENCE TRANSACTION CODE:
XXXX/SBLC 100M/NAB/02082023-02.

FOR ON BEHALF OF XXXXX, LOCATED AT XXXXX

AUTHORIZED BANK OFFICER 1 AUTHORIZED BANK OFFICER 2

<NAME, TITLE, PIN CODE> <NAME, TITLE, PIN CODE>

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

ANNEX [3]
SWIFT MT-799 BPU(BANK PAYMENT UNDERTAKING)
RECEIVER’S BANK TO PROVIDER’S BANK
(Text may vary in substance but the essential undertaking must be maintained)

DATE:

SENDER:
BANK NAME HSBC BANK PLC
COMPANY NAME
BANK ANDDRESS
IBAN NUMBER
SWIFT

RECEIVER:
BANK NAME RHB BANK BERHAD
STREET ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
SWIFT CODE

AMOUNT : ONE HUNDRED MILLION EUROS (€100,000,000.00)

WE, XXXXXX, LOCATED AT XXXXXX, UNDERTAKE UNDER FULL BANKING RESPONSIBILITY THAT WE ARE READY, WILLING AND
ABLE TO RECEIVE AND ACCEPT THIS STANDBY LETTER OF CREDIT TO FUND THE AMOUNT OF ONE HUNDRED MILLION
EUROS (€100,000,000.00) FROM HSBC BANK PLC, UK, ACCOUNT HOLDER XXXXXX, ACCOUNT NUMBER XXXXXX FOR
TRANSFER AND CREDIT TO OUR CLIENT XXXXXXX WITH ACCOUNT NO. XXXXXXXX IN ACCORDANCE WITH CONTRACTUAL
AGREEMENT REFERENCE TRANSACTION CODE: XXXX/SBLC 100M/NAB/02082023-02..

UPON OUR RECEIPT OF THE CONTRACTED STAND BY LETTER OF CREDIT IN THE FACE AMOUNT OF ONE HUNDRED
MILLION EUROS (€100,000,000.00) VIA SWIFT MT-760, WE CONFIRM THAT PAYMENT FOR THE TWELVE PERCENT
(12.00%) STANDBY LETTER OF CREDIT FACE VALUE TO TRANSFER SWIFT MT103 CASH WIRE TRANSFER WITHIN FIVE (5)
BANKING DAYS AFTER RECEPTION AND VARIFICATION OF SWIFT MT-760 STANDBY LETTER OF CREDIT.

WE, HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN AND CLEARED FUNDS DERIVED FROM A LEGAL SOURCE.

FOR AND ON BEHALF OF xxxx

______________________ _____________________
AUTHORIZED BANK OFFICER 1 AUTHORIZED BANK OFFICER 2
<NAME, TITLE, PIN CODE> <NAME, TITLE, PIN CODE>

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

ANNEX [4]
SWIFT MT-760 BANK STANDBY LETTER OF CREDIT
(SPECIMEN COPY – FINAL VERBIAGE AS PER RECEIVING BANK STANDARD FORMAT)

DATE:
SENDER:
BANK NAME HSBC BANK PLC
COMPANY NAME
BANK ANDDRESS
IBAN NUMBER
SWIFT

RECEIVER:
BANK NAME RHB BANK BERHAD
STREET ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
SWIFT CODE

AMOUNT : ONE HUNDRED MILLION EUROS (€100,000,000.00)

FOR THE VALUE RECEIVED BY US, WE THE UNDERSIGNED, XXXXXXXXX,LOCATED AT XXXXXXXXXX, HEREBY OPEN OUR
IRREVOCABLE, TRANSFERABLE, ASSIGNABLE AND CONFIRMABLE STANDBY LETTER OF CREDIT IN FAVOUR XXXXXXXXXXXX,
FOR THE AMOUNT OF ONE HUNDRED MILLION EUROS (€100,000,000.00)IN THE LAWFUL CURRENCY OF THE EUROS.

PAYMENT SHALL BE AVAILABLE BY BENEFICIARY'S FIRST WRITTEN DEMAND VIA SWIFT WIRE SYSTEM AND THE DEMAND
HEREUNDER MUST BE MARKED, DRAWN UNDER THE STAND BY LETTER OF CREDIT NUMBER: ………..

SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND CLEAR OF ANY DEDUCTIONS, OR CHARGES, FEES OR WITHOLDING
OF ANY NATURE, NOW OR HEREINAFTER IMPOSED, LEVIED, COLLECTED, WITHELD OR ASSESSED BY THE GOVERNMENT OF
THE ISSUING BANK OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.

THIS STANDBY LETTER OF CREDIT IS CASH BACKED, IRREVOCABLE, TRANSFERABLE AND ASSIGNABLE WITHOUT
PRESENTATION TO US. WE CONFIRM THAT THIS STANDBY LETTER OF CREDIT MAY BE USED BY THE BENEFICIARY TO OBTAIN
OR SECURE A LOAN FOR BUSINESS PURPOSES.

THIS CREDIT IS ISSUED UNDER THE UNIFORM RULES FOR DEMAND GUARANTEE (URDG) 758 UNDER THE INTERNATIONAL
CHAMBER OF COMMERCE, PARIS FRANCE, PUBLICATION NO. 600.

THIS IS AN OPERATIVE INSTRUMENT AND NO FURTHER CONFIRMATION OR HARD COPY WILL FOLLOW. ALL CHARGES ARE
FOR THE ACCOUNT OF THE APPLICANT.

FOR AND ON BEHALF OF XXXXXXXXXXX, XXXXXXXXXXXXXXXXX

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TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

AUTHORIZED SIGNATURE OFFICER1 AUTHORIZED SIGNATURE OFFICER2

NAME/TITLE/PIN NAME/TITLE/PIN

FIRST PARTY COLOR COPY PASSPORT ENLARGED 140%

FIRST PARTY CERTIFICATE OF INCORPORATION

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 RECEIVER’S LETTERHEAD

TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

SECOND PARTY COPY OF PASSPORT

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Second Party Initials:
 RECEIVER’S LETTERHEAD

TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

SECOND PARTY CERTIFICATE OF INCORPORATION

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Second Party Initials:
 RECEIVER’S LETTERHEAD

TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

SIGNATURE PAGE TO FOLLOW

In WITNESS WHEREOF this SALE AND PURCHASE AGREEMENT is a full recourse commercial contract and by the
signatures hereon affixed, the signatory by doing so have approved, accepted and agreed to as set forth herein
and warrant that the same shall be binding and enforceable upon the signatory including their respective heir,
successors and/or assigns on the day 28 February, 2023.

Accepted and agreed by First Party Accepted and agreed by Second Party
: SPORTS CAPITAL PARTNERS LIMITED : TRACOL ASIA SDN BHD

ACCOUNT SIGNATORY: ACCOUNT SIGNATORY:

PASSPORT NUMBER: PASSPORT NUMBER:
ISSUING DATE: ISSUING DATE:
EXPIRY DATE: EXPIRY DATE:
ISSUING COUNTRY ISSUING COUNTRY
Signed date Signed date

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Second Party Initials:
 RECEIVER’S LETTERHEAD

TRANSACTION CODE: HSBC/SBLC 100M/NAB/02082023-02

EDT ( Electronic document transmissions )

EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this
Contract. As applicable, this agreement shall be:-

1- Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in Global and National Commerce Act’’ or such other
applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001) and
2- ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations Centre for
Trade Facilitation and Electronic Business (UN/CEFACT).
3- 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.

*** END OF DOCUMENT ***

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