UNDERTAKING CUM INDEMNITY FOR ELECTRONIC EXECUTION OF DOCUMENTS

To, Meezan House, C-25, Estate Avenue, SITE, Karachi, Pakistan Dear Sirs, I have requested/am requesting Meezan Bank Ltd (the “Bank”) for extending banking facilities, financial accommodation and finances as defined in the Financial Institutions (Recovery of Finances) Ordinance, 2001 (the “FIO”) and/or in terms of applicable laws (hereinafter collectively referred to as the “Facilities”), I do hereby irrevocably record, confirm agree and undertake as follows:

1. I shall pass instruction and communication to the Bank and execute all requests, applications, undertakings, agreement(s) and other banking documents/security documents (collectively the “Financing & Security

Documents”), in favor of the Bank from time to time, by electronic means (the “Electronic Execution”) in

compliance with Electronic Transactions Ordinance, 2002 (“ETO”).

2. I do hereby request and unconditionally authorize the Bank to act and rely on any Electronic Execution of Financing & Security Documents including the instructions / communications pertaining to the operation of all my accounts, being maintained with the Bank and/or in respect of Facilities which may from time to time be given through my authenticated login at Bank’s official website/portal.

3. I understand and acknowledge that there are inherent risks involved in Electronic Execution (which may

include any fraudulent activity by any person, whosoever); hence I hereby unconditionally agree, acknowledge, undertake and confirm that all risks, losses, damages and costs, arising out of and in relation to the Electronic Execution of Financing & Security Documents shall be fully borne by me, without any exception and assume entire liability for the same, and except willful misconduct, gross negligence or fraudulent acts of the Bank, the Bank shall not be liable for any losses, costs, claims or damages including but not limited to legal fees on any matter, arising out of and in relation to Electronic Execution, as stipulated herein.

4. That the Bank shall be entitled to act or refuse to act on Electronic Execution, as the Bank deems fit,

without incurring any liability whatsoever to me or to any other person.

5. The Bank may allow the Electronic Execution of Financing & Security Documents in its discretion, considering the nature of particular transaction. I hereby agree that security procedure (the “Security Procedure”), which the Bank observes for Electronic Execution, is secure and reliable to my entire satisfaction for consummation of the electronic transactions in accordance with applicable provisions of ETO. I shall never bring any claim against Bank whatsoever in respect of the Security Procedure for consummation of the electronic transactions.

6. The electronic communication and Electronic Execution of Financing & Security Documents shall be

unconditionally and legally binding on me for all intents and purposes without making any denial/dispute, whatsoever inter alia in relation to the electronic signatures, Security Procedure and/or all connected and ancillary matters.

7. That the Electronic Execution of Financing & Security Documents shall be conclusively presumed for the

Bank’s benefit to be duly authorized by and legally binding on me, and I shall be fully liable for the same. The Bank shall not be liable to ensure the authenticity, validity or source of any Electronic Execution and shall not be liable if any Electronic Execution turned out to be unauthorized, erroneous or fraudulent, in any manner, whatsoever.

8. I shall not make any claim against or hold Bank liable, by reason of or on account of Bank, having acted or refused to act on any Electronic Execution by me, or the Bank having acted wrongly or mistakenly, or Bank’s failure to act wholly or in part in accordance with the Electronic Execution except willful

misconduct, gross negligence or fraudulent acts of the Bank,. This undertaking cum indemnity is subject to SBP’s regulations and/or Bank’s operational guidelines/policies.

9. Notwithstanding anything contained herein, the Bank may, under circumstances determined by Bank in its

absolute discretion, require from me confirmation of any of my instruction and/or Electronic Execution of Financing and Security Documents in such form as the Bank may specify before acting on the same; and I shall submit such confirmation to Bank immediately upon receipt of request. Pursuant to receipt of confirmation, the Bank shall have the right but not the obligation to act upon such instructions. If required by the Bank, I shall execute the physical documents before and/or after the Electronic Execution have been acted upon by the Bank. I will always be willing to comply with Bank’s all instructions before

consummation of Electronic Execution of Financing and Security Documents.

10. The Bank shall not be liable to me and/or any other person action on my behalf and I jointly and severally with my such representative shall indemnify and keep the Bank indemnified from and against all claims either against me/us or any other, actions, demands, liabilities, costs, charges, damages, losses, expenses and consequences of whatever nature (including legal fees on a full indemnity basis) and howsoever arising, which may be brought or preferred against Bank or that Bank may suffer, incur or sustain by reason of or on account of having so acted whether wrongly or mistakenly or not, or of failing to act wholly or in part in accordance with the Electronic Execution and the terms of this letter of indemnity except willful misconduct, gross negligence or fraudulent acts of the Bank,.

11. I confirm that the Electronic Execution shall comply with the requirements of ETO and shall not be

contrary to any law for time being in force in Pakistan as well as the country where Electronic Execution is performed. I further confirm to have the capacity and authority to accept this document and that this document constitutes my valid, legal, effective and enforceable obligation.

12. This undertaking cum indemnity is without prejudice to Bank’s all rights, interests and remedies, available

to the Bank particularly under Financing and Security Documents, FIO, ETO and generally under prevailing laws of Pakistan.

13. This undertaking cum indemnity document shall be governed and construed in accordance with the laws of

Pakistan. I confirm having read and understood the contents of above document and convey my acceptance to the Bank.

Follow us onwww.meezanbank.com www.meezanbank.pk

Residential Phone No.

If rental, rent per month

Residing at current address since

Cell No.

Application Form

Current Employment Details

Previous Employment Details

Direct Sales Person Name

Dealer NameVehicle will be used for Personal Commercial

Residential Address (current)

Phone No. Cell No.

Phone No.

Residential Address (current)

Phone No. Cell No.

Phone No.

I came to know about Meezan Bank Car Ijarah from

Branch Name

Sales Person Name

Code

Code

12

Dear Customer,This section is designed to provide you with relevant information about the Car Ijarah program and to enable you to understand the case approval process and applicable charges;1. The customer shall be responsible for

selecting the vehicle.2. The customer will provide the Security

Deposit before disbursement of Ijarah facility. In case of used (already registered) vehicles, the customer shall get the vehicle transferred in the Bank’s name prior to signing of the Lease Agreement.

3. You will be required to pay processing charges (Non-refundable) at the time of login the case along with the documents as mentioned in point 8.

4. Please do not give cash to any employee or representative of Meezan Bank for any charges, or services or for any other purpose.

5. Meezan Bank reserves the right to reject any application without assigning any reason.

6. In case the applicant’s cheque for Application Processing & Documentation charges or Security Deposit is dishonored, Meezan Bank reserves the right to reject the application.

7. In case your application is approved, you will be required to pay the amount for the Security Deposit before disbursement of the facility.

8. The processing of your application will be commenced after receipt of complete documents as listed below:

a) Application form duly filled and signed by the applicant

b) Copy of CNICc) One recent passport size photographd) Salary slip or certificate (for salaried

individuals)e) Original or certified copy of last six

months bank statement of salary account (for salaried individuals) - (Online Statements are not acceptable)

f) Original or certified copy of last six months bank statement, business or personal (for business and self employed individuals) - (Online Statements are not acceptable)

g) Specimen signature card duly signed and stamped by the bank / employer

h. Business proofs / Evidence of other income (for Businessmen/Self Employed professionals).

I hereby declare that all the information stated herein and otherwise provided by me to the Bank from time to time is true and correct in all respects. I confirm that in case my signature(s) herein below differ materially from the signature on my Computerized National Identity Card, Meezan Bank is authorized and instructed to rely on the Agreement(s) and other documents, which I may enter into with Meezan Bank in relation to my Car Ijarah I also authorize Meezan Bank to verify any information as per their policy. The verification may be carried out as deemed appropriate by Meezan Bank, either through its own staff or other sources as deemed appropriate.I undertake to issue Post-dated Cheques against Car Ijarah monthly rentals payable during the tenure of the Ijarah. I certify that I have clearly read the paras (1) to (8) of the section above containing relevant information about Meezan Bank Car Ijarah scheme and have clearly understood the same and agree to abide by the same.I understand and undertake the Processing Charges are non-refundable. I also understand that this facility is only offered to Pakistani nationals and do hereby declare that I am a Pakistani national.All payments should be made through Pay-order or Cross-cheque in favour of “Meezan Bank” only. Meezan Bank will not be responsible or liable for payments made through cash or bearer cheques.

Undertaking Option for Financing to a Related Party

I hereby undertake that I do not have any family member(s) employed with Meezan Bank Limited.

I hereby undertake that I have family member(s) employed with Meezan Bank Limited. (Particulars of the same are attached on a separate sheet)

Tick any one option Option 1 “I am aware that Meezan Bank’s regular

practice is to spread recovery or Registration/Transfer & Transportation Charges over the total lease rentals. I request that my lease be structured in the way.”

Option 2 “I am aware that Meezan Bank’s regular

practice is to spread recovery of Registration/Transfer & Transportation Charges over the total lease rentals. I request that instead, my first rent be increased to recover these charges.”

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Signature of Applicant Date

UNDERTAKING FOR NOMINATION FOR USE OF VEHICLE

To, MEEZAN BANK LIMITED KARACHI Dear Sirs, I / We ___________________________ have availed Car Ijarah facility. I hereby declare that Mr. ____________________having CNIC # ________________________will take delivery and use the vehicle on my behalf. My nominee shall abide by the terms and conditions agreed by me with bank regarding use of vehicle. The bank shall also be authorized to take all actions and exercise all its rights against my said nominee for recovery of possession of vehicle on any default of my commitments with the bank. Nominee Name: ______________________________ Nominee CNIC #: ______________________________ Nominee Relationship: ____________________________ Nominee Residential Address: ____________________________ I confirm having read and understood the contents of above document.