AKANE INTERNATIONAL UNIVERSITY

THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)

Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021

This agreement serves to document the initial Funding commitment and outline the general
assumptions for the project prior to the completion of Memorandum of Understanding.
Location Overview

It will include space for and maintained by Akanedevelopmentlaosezco.,LTD

The Project Budget is reflected in the attached approval sheet (BAS), the total of which is expected to
be pursuant to Board of Directors Policy no.55.07, projects equal or greater than $10,000,000 must
obtain Board approval. Any Budget increases exceeding an agreement amount of $1,000,000 must
obtain approval.

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021
Funding Source Revenu Funds PFA Total
e approved
Stream date
for
Bonds

China Communications Capital 1.5B ($) 11.09.202 Akane

Construction Company Investment 1 Internationa
Limited l University
RUPARELIA GROUP Inc. Thakhek
Akanedevelopmentlaosezco.lt Economic
d Zone

Total Project Budget $ $ $

110,000,00 110,000,000 110,000,00
0 0

The source of funds are classified in the table below

Please identify departmental cost center(s) for use in funding

INDUSTRIAL AND COMMERCIAL BANK OF CHINA

Funding Requirement

In order for the project to proceed in to procurement of services, the amount of $ 110,000,000 must
be transferred to plant operations

A cost center will be created exclusively for this project and a reconciliation performed monthly and
made available for reviewing

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021

Prior to advertising for construction, full project funding

is required and must be transferred to the contractor
( Akane Development Lao Sez..,ltd) or Bond arrangements for
funding based on fiscal year must be authorized by the CCCC.LTD/RUPARELIA GROUP Inc. in writing
with supporting Bond schedule and cash flow agreement.

The Final Total Project Budget may increases as bid documents are developed, after construction
contract have been awarded, and / or after project completion, or due to cost overruns, delay claims,
or other unforeseen conditions

An addendum to the Project Funding Agreement will be required should this occur and will be
numbered sequentially and attached as addendums to this original agreement

With full signature approval by AKANEDEVELOPMENTLAOSEZCO.,LTD and CHINA COMMUNICATIONS

CONSTRUCTION COMPANY LIMITED and RUPARELIA GROUP Inc. and Anugerah Sejaterah Group and
funding by AKANEDEVELOPMENTLAOSEZCO.,LTD and CHINA COMMUNICATIONS CONSTRUCTION
COMPANY LIMITED and RUPARELIA GROUP Inc. and ANUGERAH SEJATERAH GROUP.

This Project is scheduled to be completed on or before (3 ) years

ATTACHMENTS:. 1.) Project Info and Data sheet

2.) Company's Milestone

3.) Project Control Budget

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021
.

PROJECT INFO

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021

COMPANY MILESTONE

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021

PROJECT CONTROL BUDGET

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021

TRANSACTION CODE: CCCC.LTD/ANUGERAH/RUPARELIA/AKANE/110M/TT/ MT103 This joint venture

agreement of Funding ( Here in Referred to As “ AGREEMENT “) is executed without prejudice or conflict
of interest, duly understood and signed by both parties acting at there own ABGORD on 5 th July 2021 by
and between Party A and Party B

Company Name China Communication

Construction Company Limited
Company Address No.85 DESHENGMENWAI
STREET XICHENG DISTRICT
BEIJING
Company Registration No. 80010003798731
Represented By SUDHIR RUPARELIA
Passport No. B1138338
Place of Issue Uganda
Nationality UGA
Date of Issue 10.06.2018
Date of Expiry 10.06.2025
Direct Beneficiary +86 10 82016655
Email International@cccc.ltd.cn

Bank Name INDUSTRIAL AND COMMERCIAL

BANK OF CHINA BEIJING
Swift code ICBKCNBJ
Account number 010 2010001000020888

Party B

Company Name AKANEDEVELOPMENTLAOSEZCO.,

LTD
Company Address HONGKAE VILLAGE XAYSETTHA
DISTRICT VIENTIANE LAO P D R
Company Registration No. 12F / 02-00000006-436-l, G/3
Represented by SOMJITH ALIYAPHAPHONE
Passport No. PA 0007360
Place Of Issue Lao
Date of Issue 21.09.2016
Date of Expiry 21.09.2026

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021
Direct Beneficiary +85 20 97899545
Email Somchith75@yahoo.com

INDUSTRIAL AND COMMERCIAL

Bank Name BANK OF CHINA VIENTIANE
Swift code ICBKLALAXXX

Account No. USD 6005010000001238793

ATTACHMENT: Supporting documents

AKANEDEVELOPMENTLAOSEZCO.LTD. CCCC.LTD/ANUGERAH/RUPARELIA

SOMJITH ALIYAPHAPHONE. SUDHIR RUPARELIA

CHAIRMAN/CEO. DIRECTOR

AKANE INTL UNIV.

CONFIDENTIAL. PFA.
AKANE INTERNATIONAL UNIVERSITY
THAKHEK ECONOMIC ZONE Project Funding Agreement (PFA)
Agreement Regarding Project Funding
Project Name: AKANE INTERNATIONAL UNIVERSITY. Date: 11.09.2021

ATTACHMENTS: Supporting document

AKANE INTL UNIV.

CONFIDENTIAL. PFA.