PERFORMANCE BANK GUARANTEE [Unconditional]

National Bank of Commerce (NBC), MLIMANI CITY BRANCH

Beneficiary: CROWN COMPANY
P.O.BOX 1234,
DAR ES SALAAM.

Date: 28/08/2020
PERFORMANCE GUARANTEE No. CRC/2020-21/MPC/003.
We have been informed that GOLDEN BUILDING WORKS CONSTRUCTION
COMPANY has been awarded Contract No. CRC/2020-21/MPC/001 dated with
you, for the execution of PROPOSED MEAT PROCESSING CENTRE AND
KITCHEN FACILITIES.

Furthermore, we understand that, according to the conditions of the Contract,

a performance guarantee is required.

At the request of the Contractor, we NBC hereby irrevocably undertake to

pay you any sum or sums not exceeding in total an amount 294,392,490.00
TZS, two hundred ninety four million, three hundred ninety two thousand, four
hundred ninety Tanzanian Shillings upon receipt by us of your first demand in
writing accompanied by a written statement stating that the Contractor is in
breach of its obligation(s) under the Contract, without your needing to prove
or to show grounds for your demand or the sum specified therein.

This guarantee shall expire no later than twenty-eight days from the date of
issuance of the Taking-Over Certificate, calculated based on a copy of such
Certificate which shall be provided to us, whichever occurs first.
Consequently, any demand for payment under this guarantee must be
received by us at this office on or before that date.

…………………
ILHAM ZAID

Sec. X - 1
 BANK GUARANTEE FOR ADVANCE PAYMENT

National Bank of Commerce (NBC), MLIMANI CITY BRANCH

Beneficiary: CROWN COMPANY

P.O.BOX 1234,
DAR ES SALAAM.

Date: 28/08/2020

ADVANCE PAYMENT GUARANTEE No. CRC/2020-21/MPC/004.

We have been informed that GOLDEN BUILDING WORKS CONSTRUCTION

COMPANY has been awarded Contract No. CRC/2020-21/MPC/001 dated with you,
for the execution of PROPOSED MEAT PROCESSING CENTRE AND KITCHEN
FACILITIES.

Furthermore, we understand that, according to the conditions of the Contract, an

advance payment in the sum of 294,392,490.00 TZS, two hundred ninety-four
million, three hundred ninety-two thousand, four hundred ninety Tanzanian
Shillings is to be made against an advance payment guarantee.

At the request of the Contractor, we NBC hereby irrevocably undertake to pay you
any sum or sums not exceeding in total an amount of 294,392,490.00 TZS, two
hundred ninety four million, three hundred ninety two thousand, four hundred
ninety Tanzanian Shillings upon receipt by us of your first demand in writing
accompanied by a written statement stating that the Contractor is in breach of its
obligation under the Contract because the Contractor used the advance payment for
purposes other than the costs of mobilization in respect of the Works.

It is a condition for any claim and payment under this guarantee to be made that the
advance payment referred to above must have been received by the Contractor on its
account number 4000 1232 5678 9010 at NBC.

Sec. X - 2
The maximum amount of this guarantee shall be progressively reduced by the amount
of the advance payment repaid by the Contractor as indicated in copies of interim
statements or payment certificates which shall be presented to us.  This guarantee
shall expire, at the latest, upon our receipt of a copy of the interim payment certificate
indicating that eighty (80) percent of the Contract Price has been certified for
payment.  Consequently, any demand for payment under this guarantee must be
received by us at this office on or before that date.

Yours truly,
Signature and seal:
Name of Bank/Financial Institution: NBC
Address:
Date:

Sec. X - 3