Common use of Debit Authority Clause in Contracts

Debit Authority. In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Financing Facility for Renewable Energy, 2018, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) DEMAND PROMISSORY NOTE (To be submitted by the PIFI’s Customer ) (To be stamped in accordance with the law in force in respective Province) Place: Date Rs. On demand we (Name of Customer / sponsor of the project) promise to pay to (Name of the PIFI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFI) in respect of financing made available to us and fine, if any, as laid down by the State Bank of Pakistan under its Islamic Financing Facility for Renewable Energy. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI concerned in favour of its head office/principal office through which Mudarabah investment is being claimed. Witnesses:

Debit Authority. In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFIPIBI) the sum of Rs. (Rupees only) under the Islamic Financing Temporary Economic Refinance Facility for Renewable Energy, 2018Plant and Machinery, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFIPIBI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) DEMAND PROMISSORY NOTE (To be submitted by the PIFIPIBI’s Customer Customer) (To be stamped in accordance with the law in force in respective Province) Place: Date Rs. On demand we (Name of Customer / sponsor of the projectCustomer) promise to pay to (Name of the PIFIPIBI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFIPIBI) in respect of financing finances made available to us and fine, if any, as laid down by in the State Bank of Pakistan under its Islamic Financing Temporary Economic Refinance Facility for Renewable EnergyPlant and Machinery. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI PIBI concerned in favour of its head office/principal office through which Mudarabah mudarabah investment is being claimed. Witnesses:

Debit Authority. In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Financing Facility for Renewable Energy, 2018Storage of Agricultural Produce, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of MudarabahMudarbah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) IFFSAP: 4 DEMAND PROMISSORY NOTE (To be submitted by the PIFI’s Customer Customer) (To be stamped in accordance with the law in force in respective Province) Place: Date Rs. On demand we (Name of Customer / sponsor of the projectCustomer) promise to pay to (Name of the PIFI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFI) in respect of financing finances made available to us and fine, if any, as laid down by in the State Bank of Pakistan under its Islamic Financing Facility for Renewable EnergyStorage of Agricultural Produce. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI concerned in favour of its head office/principal office through which Mudarabah mudarabah investment is being claimed. Witnesses:: 1.

Debit Authority. In consideration of the State Bank of Pakistan having deposited/deposited/ invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Financing Refinance Facility for Renewable Energy, 2018Modernization of SMEs, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) IRFMS- 4 DEMAND PROMISSORY NOTE (To be submitted by the PIFI’s Customer Customer) (To be stamped in accordance with the law in force in respective Provinceprovince) Place: Date Rs. On demand demand, we (Name of Customer / sponsor of the projectCustomer) promise to pay to (Name of the PIFI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFI) in respect of financing finances made available to us and fine, if any, as laid down by in the State Bank of Pakistan under its Islamic Financing Refinance Facility for Renewable EnergyModernization of SMEs. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI concerned in favour of its head office/office/ principal office through which Mudarabah mudarabah investment is being claimed. Witnesses:

Debit Authority. In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Financing Facility for Renewable Energy, 20182019, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) DEMAND PROMISSORY NOTE (To be submitted by the PIFI’s Customer ) (To be stamped in accordance with the law in force in respective Province) Place: Date Rs. On demand we (Name of Customer / sponsor of the project) promise to pay to (Name of the PIFI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFI) in respect of financing made available to us and fine, if any, as laid down by the State Bank of Pakistan under its Islamic Financing Facility for Renewable Energy. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI concerned in favour of its head office/principal office through which Mudarabah investment is being claimed. Witnesses:

Debit Authority. In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Financing Refinance Facility for Renewable Energy, 2018Combating COVID – 19, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of MudarabahMudarbah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) IRFCC: 4 DEMAND PROMISSORY NOTE (To be submitted by the PIFI’s Customer Customer) (To be stamped in accordance with the law in force in respective Province) Place: Date Rs. On demand we (Name of Customer / sponsor of the projectCustomer) promise to pay to (Name of the PIFI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFI) in respect of financing finances made available to us and fine, if any, as laid down by in the State Bank of Pakistan under its Islamic Financing Refinance Facility for Renewable EnergyCombating COVID – 19. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI concerned in favour of its head office/principal office through which Mudarabah mudarabah investment is being claimed. Witnesses:: 1.

Debit Authority. In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFIPIBI) the sum of Rs. (Rupees only) under the Islamic Long Term Financing Facility for Renewable Energy, 2018Plant and Machinery, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1. This authority is irrevocable and effective from (date) and will remain valid and in force till the time it is released in writing by SBP. For & on behalf of (Name of the PIFIPIBI): Authorised Signatory 1 Schedule of redemption to be attached with this debit authority(s) DEMAND PROMISSORY NOTE (To be submitted by the PIFIPIBI’s Customer Customer) (To be stamped in accordance with the law in force in respective Province) Place: Date Rs. On demand we (Name of Customer / sponsor of the projectCustomer) promise to pay to (Name of the PIFIPIBI) or order the sum of Rs. / - (Rupees only) for value of financing received plus the profit / rental / return accruing to (Name of the PIFIPIBI) in respect of financing finances made available to us and fine, if any, as laid down by in the State Bank of Pakistan under its Islamic Long Term Financing Facility for Renewable EnergyPlant and Machinery. (Authorized signature of the Customer) (Name & Seal) Note: - Demand Promissory Note required to be endorsed by the PIFI PIBI concerned in favour of its head office/principal office through which Mudarabah mudarabah investment is being claimed. Witnesses: