PRIVATE & CONFIDENTIAL

Policyholder :12498536
02 May 24

Mugahe Holdings ltd

P.O. BOX 51737
00100 – GPO,
Nairobi County

Dear Sir/Madam,

RE: ACCEPTANCE OF CREDIT AND SURETY GUARANTEE

We refer to your application for corporate credit insurance and are pleased to inform you that the same has been accepted on the standard
terms and conditions of the trade finance policy. The standard terms and conditions are summarized below. Detailed policy will be provided.

You are required to pay the full premium as shown in the table below within 7 days of the date of this letter. Payment of premium signifies
acceptance of the terms and conditions and cover will commence on receipt of full premium.

Benefit Benefit Limit(KES) Benefit Type

$ 10,000,000 Corporate
Advance Payment Guarantee

Keyman Policy for Directors $ 100,000 Corporate

Trade cover $ 5,000,000 Corporate

Last Expense $ 2,000 Individual

Name Relationship Date of Birth Ben ID Premium

Mugahe Holdings Ltd Policy Holder n/a 12498536 $400,000

Premium Due: US $ 350,000

ITL:
US $ 800
IPCF:
US $ 1,000
Stamp Duty: US $ 10
Grand Total: US $ 351,810.00

UPGRADE

1. Any changes in benefits can only be made at renewal. Any upgrades through additional benefits must be taken up by the
corporate in writing and will only apply to trade covers.
2. All upgrade at renewal will be subjected to underwriting and the insurer may be required to assess the organization before approval.

We thank you for choosing Swiss-Re LLC and look forward to being of service.

Yours faithfully

John Karanu

TRADE FINANCE UNDERWRITING