DEED OF ASSIGNMENT OF DEBT

THIS DEED OF ASSIGNMENT is made the day of

……… BETWEEN:

(1) ,,,,,,,,,,,,,,all care of via …………….. (hereinafter referred to as “the Assignors” which
expression shall mean each of them severally and all of them jointly and shall where the
context so admits include their respective personal representatives and assigns) of the
first part;

(2) ………. of P O Box ……….Kenya (hereinafter referred to as …………. which

expression shall where the context so admits include his personal representatives and
assigns) of the second part;

(3) ……….. a limited liability company incorporated in the Republic of Kenya and of P O
Box ………… Kenya (“hereinafter referred to as “the Company” which expression
shall where the context so admits include its successors and assigns) of the third part;

(4) …………. of care of P O Box …………. Kenya (hereinafter referred to as “………”

which expression shall where the context so admits include her personal representatives
and assigns) of the fourth part; AND

(5) …………….. a limited liability company incorporated in the …… and of care of P O

Box ……….. Kenya (hereinafter referred to as “the Assignee” which expression shall
where the context so admits include its successors and assigns) of the final part.

WHEREAS :

A. The Assignors have at the specific request of …………… jointly and severally made
loans to the Company from time to time of a total amount of Kenya Shillings
……………. (“the Debt” which expression shall mean all or any part of the said total
amount and includes any interest thereon and any costs charges and expenses in
connection therewith) further particulars of which are set out below and in the
B.

DATED THE DAY OF ……..