To: Dubai Customs Department
P. O Box 63

Dear Sirs,

Sub: Bank Guarantee against Customs Broker operations

Re: Our Guarantee No: ……… for Dhs 50,000/-

At the request of M/s. (Company Name …..) We, (Bank’s name….) hereby undertake to pay to you a sum not exceeding Dhs: 50,000/- (Dirhams Fifty Thousand Only) to cover any possible liabilities that Mr. / Messrs ….. May incur towards your Department in the course of his/ their activities, as a Customs Broker.

The Guaranteed sum in whole or in part thereof without any limit on the number of claims during the guarantee period, shall be paid to you upon your first written demand despite any contention on the part of M/s. (Company Name)

The guarantee will be valid till 31st December, 2009 and will be renewed automatically at the end of this year and of subsequent years for the full reinstated maximum liability unless you receive notice in writing from us of non-renewal at least one month before the expiry of any current annual period.