The Manager, Dated: 28th July 2022

Bank AL Habib Limited

Hayatabad Branch Peshawar

UNDERTAKING FOR IMPORTS UNDER LC/Contract/Open Account/Import IFDBC

Dear Sir,

Subject: Undertaking-cum-Indemnity on account of Contract Registration for USD $ 10,200/- favouring M/s:
NEXCHEM PHARMACEUTICAL CO., LTD NO. 1318, JINSHA STREET, LINJIANG INDUSTRIAL ZONE, JINHUA CITY, ZHEJIANG
PROVINCE, P.R.C CHINA

We enclose herewith above request for payment of document(s) against Contract and hereby undertake and confirm that:
(delete where not applicable)

1. The merchandise being imported falls under HS Code Number(s): 2941.9090 is freely importable as per State Bank of
Pakistan FE Circular No. 31, dated Feb 20, 1991 and is not subject to import license / does not contravene any of the
provision of the State Bank of Pakistan directives in Foreign Exchange Manual, Import and Export Act 1950 and the trade
policy in force and where required we have obtained necessary authorization from Ministry of Commerce/Trade
Development Authority of Pakistan or from any other relevant Government Department which we enclose herewith in
Original (if needed).

2. We hold valid import registration (GST Certificate) and membership of a recognized trade association. (For commercial
Importers only) OR We are registered as an Industrial Unit with Trade Development Authority of Pakistan and the
merchandise being imported is solely for use in our factory for manufacture. (For industrial users only)

3. We hereby confirm that we are manufacturing & industrial users/ commercial importers and that the nature and usage of
the goods being imported by us to meet the definition of raw materials / spare parts as provided by SBP which will only be
used as input by the manufacturing / industrial concerns.

4. In case of LC, we are aware that Bank charges of your foreign correspondents as per Article 37 (c) of the Uniform
Customs and Practice for Documentary Credit 2007 Revision ICC Publication No. 600 which cannot be collected from the
beneficiary or could not be deducted from the proceeds can be debited to our account even if the Letter of Credit states that
bank charges are on beneficiary’s account. Please debit our account if your correspondents claim these charges.

5. The payment against the import is genuine and no duplicate payment for the same set of import documents has previously
been effected from your Bank or any other Bank and that payment will be made within 180 days from GD Filling date.

6. The contract price of the imported goods is in line with the International market price.

7. Origin of the goods we propose to import, port of loading of goods ( ) and the port of discharge are matching / not
conflicting with the information as mentioned in the LC Application / Beneficiary’s Proforma Invoice / Bill of Lading /
Shipping Documents / Airway Bill.

8. We are familiar with the list of sanctioned countries / ports / entities as issued by global regulatory authorities. We are
aware that engaging in commercial trade transactions or dealing in any manner either directly or indirectly with such
sanctioned countries and / or entities is strictly prohibited and that neither we or any of our agent(s) will engage in, or be a
party to, any commercial transaction/commercial / shipment relating to any manner with any sanctioned country / entity.
9. Our foreign supplier (seller / exporter) is a bonafide exporter and in terms of our agreement / arrangement with the
supplier, we have been assured that they are well aware of the local as well as international regulations regarding sanctioned
ports of shipment, sanctioned vessels, their operators & owners, charterers, freight forwarders or their agents,
sanctioned/banned goods and sanctioned countries. They have also assured us of their understanding that the imported
goods will not be/have not been shipped through any shipping company, vessel owners, masters, charterers, freight
forwarders or any entity indicated on the bill of lading /any other transport document or their agents which itself is
sanctioned or any shipping company which operates under the flag of any sanctioned country directly or indirectly in any
manner and will not/has not transited through any sanctioned/banned port/country. We and our foreign supplier (seller /
exporter) understand that any violation may attract refusal of payment against the import commitments. You may at your
sole discretion add an appropriate clause to this effect in your LC as you deem fit & necessary.

10. We authorize you to debit our account with all commission / charges and any dues to meet our obligations relating to our
aforementioned Import transaction.

11. We confirm that all the above documents/details provided by us to you in respect of this transaction are genuine and
correct and we do hereby indemnify the bank, its Executives, Managers, Officers, Employees and its successors-in-interest
and hold them harmless against any loss, damages, claims, expenses and costs which the bank may suffer or incur as a result
of execution of subject transaction(s).

12. We hereby irrevocably and unconditionally agree and undertake to pay/repatriate to you, without any proof and
notwithstanding any consternation or objection of any kind whatsoever on our part or any third party, within three days of
your demand, any amount that you may at any time require, for meeting our liability hereunder.

13. This undertaking-cum-indemnity shall be subject to and governed by the laws and regulations of the Islamic Republic of
Pakistan and any dispute or controversy which may arise under this indemnity shall be subject to the jurisdiction of the
courts in Pakistan as may be deemed fit and appropriate by you at your sole and absolute discretion.

Thanking you.