These are for customer's private and family use only. 1 I agree that the bank has no rights and holds no authority to dispose of the security and shall not act in any way to remove or alter my interest or to deprive me of my right to a security. I further agree that this application has been made only for the benefit of my minor child. I am requesting that my child or other relative may deposit the cash value of these shares in the bank account. Furthermore, I have read this Agreement and acknowledge fully that it is a binding agreement. Furthermore, I further agree that the bank is my sole guarantor, agent and representative to the satisfaction of the bank. Furthermore, I further agree that the security is subject to a lien that may be placed on the security in the event of death of the party to my agreement and the loss of the security. Furthermore, I acknowledge that this is a private and family application and is intended as a gift to my child or other relative, with all rights given in the application remaining in full force, effect, and proportion. Furthermore, I specifically waive any and all rights that I might have as a spouse, child or estate to file for any order requiring a certificate of proof of death, the release of a deceased party's bank account and delivery of security to the beneficiary(s). 2. Furthermore, I have read the Agreement carefully and acknowledge that any failure to do so by notice shall be considered a default of this Agreement and this letter of guarantee shall be subject to any and all remedies that the bank has against such third party. 3. Furthermore, I do hereby acknowledge and agree that any failure of the bank to act in any manner shall be deemed a default of this agreement, and this letter of guarantee shall be subject to any and all remedies of the bank that are available to it. Furthermore, I further acknowledge that I am the designated beneficiary(s) on a form of Security Agreement as set out in Appendix B. 4. Furthermore, I have read the enclosed application and agree to enter into this agreement in accordance with the conditions set out herein. If you believe that this agreement is not in your best interest, please advise me immediately by telephone at (65) 3. 5. I understand that if my family member does not submit a valid application for the transfer of these shares, the bank shall be entitled to take action against, and I shall have the right to claim damages from such person(s). 6.
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LETTER OF INDEMNITY Date: To: Citibank Singapore Limited Equity Investment Operations 1 Temasek Avenue #12-01 Millennia Tower Singapore 039192 Dear Sir/ Madam PHYSICAL SHARE CERTIFICATES FOR CONVERSION
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