Sanctions Undertaking

1. Definitions

Affiliate: means in relation to the Customer any entity controlled, directly or indirectly, by the
Customer, any entity that controls, directly or indirectly, the Customer or any entity directly
or indirectly under common control with the Customer. For this purpose, “control” of any
entity or person means ownership of a majority of the voting power of the entity or person.

“Embargoed and Sanctioned Countries” means Cuba, Iran, Crimea Region of Ukraine,
Donetsk People's Republic, Luhansk People's Republic, North Korea, and Syria and
“Embargoed and Sanctioned Country” means each of them.

"Restricted Party" means a person that is:

(a) listed on any Sanctions List;

(b) at least 50% owned or otherwise controlled (as such term is used and applied in the
relevant Sanctions) by, or (to the knowledge of the Borrower) acting on behalf, or at
the direction, of any persons that are listed on any Sanctions List; or

(c) otherwise, a target of Sanctions ("target of Sanctions") signifying a person with whom
a US person or other national of a Sanctions Authority would be prohibited or
restricted by law from engaging in trade, business or other activities).

“Sanctions" means any economic, trade or financial sanctions laws, regulations, embargoes
or restrictive measures administered, enacted or enforced by a Sanctions Authority.

"Sanctions Authorities" means the United States of America, the United Nations, the
European Union, the United Kingdom, the United Arab Emirates or the respective
governmental institutions and agencies of any of the foregoing, including, without limitation
the Office of Foreign Asset Control of the US Department of the Treasury ("OFAC"), the United
States Department of State, the United States Department of Commerce, and the UK Office of
Financial Sanctions Implementation (“OFSI”) and “Sanctions Authority” means each of them.

"Sanctions List" means the "Specially Designated Nationals and Blocked Persons" Sectoral
Sanctions Identifications and Foreign Sanctions Evaders lists maintained by OFAC, the
Consolidated List of Financial Sanctions Targets (Asset Freeze Targets and the Investments Ban
Lists) maintained by UK OFSI, or any similar lists maintained by, or public announcement of

V3.0_Feb2022
Classified: Internal\ FAB Internal
 Sanctions designation made by, any of the Sanctions Authorities, each as amended,
supplemented or substituted from time to time.

2. Undertaking

On behalf of TAREK ABDALLA AL SAFADI [including all of its Affiliates] (“Customer”), as

a condition of receiving banking services from First Abu Dhabi Bank PJSC (“FAB”) and
maintaining accounts with FAB, TAREK ABDALLA AL SAFADI hereby certifies and agrees to
the following:

a) Regardless of currency, TAREK ABDALLA AL SAFADI shall not engage, or shall not
permit to engage in any of the following transactions through accounts, facilities, any
service or product held with FAB, related to:
I. Transactions related to Embargoed and Sanctioned Countries including its
governments, or an entity owned or controlled by an Embargoed and
Sanctioned Country.
II. Transactions involving or for the benefit of any Restricted Party.
III. Transactions with, on behalf of, or for the benefit of any person or entity
domiciled or operating out of or branch/ subsidiary / representative office
of an entity or located in Embargoed and Sanctioned Countries.
IV. Transactions involving (a) the purchase or sale of goods or services to or
from Embargoed and Sanctioned Countries, either directly or indirectly
through a third country.
V. Transactions with, on behalf of, or for the benefit of an individual or entity
targeted under a Sanctions List.

b) FAB may permit a transaction under Clause (2)(a), but without the obligation on FAB’s
part to do so, provided that the Customer (i) has first notified FAB in writing about the
transaction; (ii) demonstrated that such transaction complies with all conditions
related to the applicable Sanctions (as determined by FAB at its sole discretion); (iii)
FAB has agreed to process the transaction in accordance with FAB's compliance policies
and procedures.

c) Upon FAB’s request TAREK ABDALLA AL SAFADI shall provide all relevant information
with respect to transactions or activities related to TAREK ABDALLA AL SAFADI ‘S
accounts, facilities, services or products held with FAB, including but not limited to
invoices or trade documents, as determined by FAB.

V3.0_Feb2022
Classified: Internal\ FAB Internal
 d) FAB reserves the right to reject or refuse any transaction related to Customer’s
account(s) held with FAB, in the event the Customer fails to comply with any of the
obligations or restrictions set out in this Sanctions Undertaking.

e) TAREK ABDALLA AL SAFADI hereby authorize FAB to reject any transaction and/or to
terminate the relationship with us if we fail to act in accordance with this certification.

On behalf of TAREK ABDALLA AL SAFADI

Authorized signatory:

Name: TAREK ABDALLA AL SAFADI

Date: 30/09/2023

V3.0_Feb2022
Classified: Internal\ FAB Internal