Manama Group Ltd
504 King Faisal Highway
Manama 312 Kingdom of Bahrain
Tel: +973 1 619 5152 Fax: +973 1 619 5153
Email: info@manamagroupltd.com
Website: www.manamagroupltd.com
CONTRACT NO. 0621911-88
OUR REF: TS/MG/10128
DATE: 30-09-2021
TERM SHEET
BORROWER: SABICASH ("Borrower")
LENDER: Manama Group Ltd ("Lender")
FACILITY TYPE: SME Global Development Assistance ("Loan")
FACILITY AMOUNT: Not to exceed €1, 000, 000 (One Million Euro)
FACILITY PURPOSE: To Provide Loan Facility to Support financing SABICASH Project
FACILITY TERM: 7 Years from the Date of Receipt of loan amount. All ‘Loan’ maturity
may not exceed the SME Global Development Assistance Loan Term.
GRACE PERIOD: 2 Years from the Date of Receipt of loan Amount.
INTEREST RATE: SME Global Development Assistance interest rate: 2.50% p.a. Please
refer to the loan contract agreement.
PAYMENT FREQUENCY: If drawn, interest yearly, principal at maturity. Please refer to loan
contract.
LEGAL FEE AND OTHER EXPENSES: Note Applicable
COVENANTS: None
SECURITY /GUARANTEE: Insurance Guarantee Bond (IGB)Credit Default Receivable Insurance
to cover the loan investment amount issued by surety providers for
the tenure of the loan.
EVENTS OF DEFAULT: If for any reason borrower fails to pay 2 consecutive payments on
time, borrower shall be in default. The lender will have the right to
pay this loan from any deposit or security that the borrower has with
the lender without notice to the borrower.
COLLATERAL: SME Global Development Assistance to be supported by lender
holding 25% shares in BORROWERS COMPANY or Certificate
of Deposit from a prime bank.
WORKING RELATIONSHIPS: The borrower shall maintain Financial Information disclosure with
lender during the term of the Loan.
CONTINGENCIES: Manama Group Ltd communication of the above terms and
conditions is contingent upon:
• Delivery and execution of transaction documentation
acceptable to all parties;
• Letter from The borrower validating the borrower’s entry
into the transaction; grant security interests, that granting
the Loan is not in violation of your articles of association or
by-laws, etc, as required by Law.
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Manama Group Ltd
504 King Faisal Highway
Manama 312 Kingdom of Bahrain
Tel: +973 1 619 5152 Fax: +973 1 619 5153
Email: info@manamagroupltd.com
Website: www.manamagroupltd.com
CONTRACT NO. 0621911-88
OUR REF: TS/MG/10128
DATE: 30-09-2021
ACCEPTANCE: Borrower agrees with and accepts the above terms and conditions of
Manama Group Ltd €1, 000, 000 (One Million Euro) SME Global
Development Assistance Loan commitment dated September 30,
2021.
GOVERNING LAW AND JURISDICTION: Any issue arising would be settled under the rules of conciliation and
arbitration of the International Permanent Court of arbitration in
Hague.
ASSIGNED CLOSING COMPANY: TAJO ESPANIA SDN BHD
CLOSING DATE October 14, 2021
Borrower Full Name: Title:
Signature/Chop: Date:
Official Use Only
Checked by: Pin #:
Signature: Date:
