DIRECTOR'S DECLARATION

[insert date]

WHEREAS, [list the names of the Directors here] are the duly appointed Directors (each a ‘Director' and collectively, the ‘Directors') of [insert DIFC entity's name], a [Private / Public] company registered and organised in the Dubai International Financial Centre (the ‘Company') under DIFC Law No. 5/2018 DIFC Companies Law; and

WHEREAS, the Directors have determined that it is in the Company's best interest to be Wound up and the reason for this decision is due to [state the reasons for dissolution]; and

WHEREAS, in furtherance of the above mentioned determination, the Directors hereby make the following declaration:

DECLARED, that, having made a full inquiry into the Company's affairs and that, having done so, the Directors formed the opinion that:

(a) The Company is not in operation and is not carrying on business for which it was registered; and

(b) The Company has no outstanding payments to make to creditors, employees or other third parties, other liabilities or is in breach of current contractual arrangement with third parties.