LETTER OF INTENT - PURCHASE OF PROPERTY

This letter doesn’t create a binding agreement between the purchaser and the seller and establishes only the basic terms to be used in a finalized contract. This letter contains the following parts:

1.     Transaction

2.     Purchase price

3.     Personal property

4.     Closing

5.     Inspection

6.     Seller’s representations

7.     Risk of loss

8.     Expenses

9.     Governing law

10.  Termination

11.  Non-binding

12.  Miscellaneous

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.