AECB Report Consent

1. I hereby entitles and authorizes Emirates NBD Bank PJSC (the “Bank”) to obtain and disclose any financial, legal or credit information relating to the Customer, including any information pertaining to the address, telephones or utility bills relating to the Customer and his authorized signatory(ies) or any other information which included in the credit information report, to verify, obtain or disclose such information as you deem fit in your absolute discretion. I agree that you may obtain, request, transfer and disclose any information relating to me/us (including information you obtain from any third parties such as any local or international credit bureau), to and between the branches, subsidiaries, affiliates, representative Offices, agents of the Bank and any third parties selected by any of them or you, wherever situated, for private use (including for use in connection with the provision of any Products or Services to me and for data processing, statistical and risk analysis purposes, global cash services and dealings in securities on any Exchange Securities market(s) and any other relevant authorities and agencies pertaining thereto). You and any of Emirates NBD Bank branches, subsidiaries, affiliates, representative offices, agents or any third parties selected by any of them or you, shall be entitled to obtain, transfer and disclose any credit, legal or financial information relating to the Customer/Borrower.

2. Without prejudice to the foregoing, the Customer hereby authorizes the Bank, without the need to get any written or oral permits, to obtain or disclose any of the information indicated in this Undertaking from any governmental or semi-governmental authorities, body, organization, company, credit bureau or telecommunications company and any service provider such as electricity , water and telecommunication companies, or any other person or entity as it is needed, whether inside the UAE or abroad, which maintain or are supposed to maintain any of the information contained in this Undertaking relating to the Customer. The Bank, pursuant to this Undertaking, may communicate with such bodies to obtain or disclose any of information mentioned in this Undertaking.

3. The Bank shall be entitled to use any or all of the information contained in this Undertaking for the purpose of granting/or commencing to grant me any loans, facilities or any other banking services offered by the Bank or to use this information for the purpose of assessing my credit position and collect any amounts or loans payable to the Bank. This Undertaking shall remain in force and effect against the Customer, and may not be terminated or amended without the Bank’s prior written consent.

4. This Undertaking shall be subject and interpreted in accordance with the Federal Credit Information Law No. 6 of 2010 and any other applicable laws of the United Arab Emirates, and any dispute arising between the Bank and the Customer with regards to this Undertaking shall be referred to the exclusive jurisdiction of the courts of the UAE.

5. The Customer agrees to the Bank, its officers and agents disclosing information relating to his/her Accounts and/or dealing relationship(s) with the Bank, including but not limited to details of any credit facilities, any security taken, transaction undertaken, balances and positions with the Bank, to:

• Professional advisors and service providers of the permitted parties who are under a duty of confidentiality.
• Any actual or potential participant or sub- participant in relation to any of the Bank’s rights and/or obligations under any agreement with the Bank, or its assignee, novate or transferee (or any agent or adviser of any of the foregoing).
• Any rating agency, credit information bureau (whether inside the United Arab Emirates or abroad) including the Al Etihad Credit Bureau, insurer or insurance broker, or direct or indirect provider of credit protection to any permitted party.
• Any court or tribunal or regulatory, supervisory, governmental or quasi-governmental authority with jurisdiction over the permitted parties.

6. The Customer authorises and allows the Bank to inquire from banks and other financial institutions, the employer of the Customer, or any other body as the Bank deem appropriate about any financial and non-financial information relating to the Customer including but not limited to the details of banking facilities, the financial position, the income, and any other information relating to the Customer which the Bank deems appropriate without reference to the Customer.