See below Summary of the VAT impact on the accounts and services of Eastern Recruitment Company (“ERC”),

extracted from ERC VAT Implementation and Analysis Report that has been provided to you, by us previously.
However, for further details and guidance please read the ERC VAT Implementation and Analysis report in full. This
summary should be used by ERC management for internal purpose only. ERC should obtain proper VAT advice with
respect to all material and complex transactions in the future.

No. Description of Accounts / Services VAT Impact Comments, if any

Services provided by ERC
1 Mureeh Applicable -
2 Jahez Applicable -
3 Medyaf Applicable -
4 Enaya Applicable -
5 Recruitment Applicable -
Revenue Process
6 Visa Charges Inapplicable Inapplicable as the
amounts received are paid
to government agencies.
7 Iqama Charges Inapplicable Inapplicable as the
amounts received are paid
to government agencies.
8 Iqama Medical Applicable -
9 GOSI Inapplicable Inapplicable as the
amounts received are paid
to government agencies.
10 Exit / Re-entry Inapplicable Inapplicable as the
amounts received are paid
to government agencies.
11 Insurance Applicable -
12 Vacation Pay Applicable -
13 EOSB Applicable -
14 Salaries Applicable -
15 Payroll Card Applicable -
16 ERC Management Fee Applicable -
17 Air Ticket Applicable/Inapplicable VAT is Inapplicable on
International Tickets while
VAT is applicable on local
travelling.
Other Revenue and Income(18 to 26 in the form of commission/income)
18 Recruitment Charges – Domestic Applicable -
19 ERC Margin Applicable -
20 Commission Received Applicable -
21 Bank Charges Applicable -
22 Chamber& Mofa Attestation Applicable -
Income/Commission
23 E-Wakala Income/ Commission Applicable -
24 Exit Re Entry Income/ Commission Applicable -
25 Driving License Income/ Commission Applicable -
26 Iqama Medical Income Applicable -
27 Discount Received Applicable -
28 Iqama Refund (Industrial) Inapplicable Inapplicable as the
amounts received are paid
to government agencies.
29 Iqama Refund (Domestic) Inapplicable Inapplicable as the
amounts received are paid
to government agencies.
30 Other Income (Domestic) Applicable / Inapplicable Depending on the nature
of the transaction.
31 Other Income Applicable / Inapplicable Depending on the nature
of the transaction.
32 Prior Year Adjustment Applicable / Inapplicable Depending on the nature
of the transaction.
33 Insurance Claim Received Inapplicable -
34 Staff Penalties Applicable -
35 Bad Debt Recoveries Applicable Applicable, if Bad debt
was declared to GAZT &
VAT was claimed back on
associated sale.
36 Difference In Exchange Gain/loss Inapplicable -
Cost of Revenue
37 Recruitment Cost Applicable/Inapplicable Non-GCC - VAT is
Inapplicable
GCC – VAT Inapplicable
and is to be reported by
ERC through reverse
charge mechanism.
Local – VAT is Applicable
Please refer the complete
VAT analysis report for full
details.

38 Governmental Expenses Inapplicable Inapplicable as the

amounts received are paid
to government agencies.
39 End of Service Benefits Inapplicable -
40 Others Applicable/Inapplicable Depends on the nature of
transaction.
General and Administration Expenses
41 Salaries and Wages Inapplicable -
42 Tickets and Leaves Applicable / Inapplicable VAT is Inapplicable on
International Tickets while
VAT is applicable on local
travelling.
43 Rents Applicable -
44 End of Service Benefits Inapplicable -
45 Depreciation Inapplicable -
46 Amortization of fixed and leased assets Inapplicable -
47 Amortization of intangible assets Inapplicable -
48 Bonus Inapplicable -
49 GOSI Inapplicable -
50 Visas and residencies Inapplicable -
51 Provision for doubtful accounts Inapplicable -
52 Bad Debt Applicable VAT on associated sale
can be claim back in
accordance with the VAT
implementation
 regulation.
53 Others Inapplicable / Applicable Depends on the nature of
transaction.

CAVEATS AND LIMITATIONS

The Opinion of the Firm expressed in this email is subject to the following qualifications to, and limitations on, its validity and
effectiveness:

1. This Opinion is limited to the tax issues specifically addressed in the Opinion. Additional issues exist that could affect the
tax treatment of the transaction or matter that is the subject of this Opinion and the Opinion does not consider or provide
a conclusion with respect to any additional issues.

2. The conclusions reached in this Opinion represent and are based upon the Firm’s best judgement regarding the
application of the VAT Legal Framework arising under the VAT Law and Implementing Regulations, judicial decisions,
administrative regulations, published rulings and other tax authorities existing as of the date of this Opinion. This Opinion
is not binding upon the GAZT or the courts and there is no guarantee that the GAZT will not successfully assert a contrary
position. Furthermore, no assurance can be given that future legislative or administrative changes, on either a prospective
or retroactive basis, would not adversely affect the accuracy of the conclusions stated herein.

3. The Opinion set forth in in this email is based upon the VAT Legal Framework and its legislative history, Regulations,
judicial decisions, and current administrative rulings and practices of the GAZT, all as in effect on the date of this Opinion
letter. These authorities may be amended or revoked at any time. Any changes may or may not be retroactive with
respect to the transactions entered into or contemplated prior to the date thereof and could cause the Opinion to be or
become incorrect, in whole or in part, with respect to the VAT consequences described herein. The Firm has assumed
that all court cases have been properly litigated. There is and can be no assurance that such legislative, judicial or
administrative changes will not occur in the future. The Firm assumes no obligation to update or modify this Opinion letter
to reflect any developments that may impact the Opinion from and after the date of the Opinion letter.

4. This Opinion does not address any Income Tax and Zakat consequences of the transactions set forth herein, or
transactions related or proximate to such transactions, except as set forth herein. This Opinion does not address any
other local, foreign, or other tax consequences that may result from any of the transactions. This Opinion is addressed
solely to ACA for its client MIC Group and its subsidiaries and may not be relied upon by any other party to this
transaction or in any other transaction without our prior written consent.

5. This Opinion is based upon the representations, documents, facts, and assumptions that have been included or
referenced herein and the assumptions that such information is accurate, true, and authentic. This Opinion does not
address any transactions other than those described herein. This Opinion does not address any transactions whatsoever
if all the transactions described herein are not consummated as described herein without waiver or breach of any material
provision thereof or if the assumptions set forth herein are not true and accurate at all relevant times. In the event any one
of the facts or assumptions is incorrect, in whole or in part, the conclusions reached in this Opinion might be adversely
affected.