Waad

Legal Translation of a Memorandum of Association.

1. Contract for the establishment of a limited liability company

This contract is entered on ____________________________
Between:
1. Mr. _________________________________
2. And Mr. ______________________________
3. And Mr. ______________________________

Hereinafter referred as "Parties"
The parties to this contract, each with their full legal capacity to contract, have agreed to establish a
limited liability company among themselves in the city of Saida in accordance with Business Law No. 716
and the following terms and conditions:
Article (1): Company name:
Company Name: An increase Medical Equipment Company, hereinafter referred to as "the
Company".
Article (2): The main position of the company:
The company's main center is located in Saida City, and may be established for it branches, offices
or offices in or outside the Kingdom by the decision of ..... After obtaining a non-objection to the
companies' department in writing.
Article (3): Purposes of the Company:
The purpose of the Company is to finance - in accordance with the provisions of the Corporate
Regulations, the Financial firms Control System, its implementing Regulations, the relevant
Regulations and the Rules and Instructions issued by the Corporate Service, the Company shall
conduct and implement the following purposes.
The Company shall carry out its activities in accordance with the regulations in force and after
obtaining the necessary licenses from the competent authorities, if any.

Article (4): Participation and ownership in companies:
After obtaining a non-objection in writing to the Corporate Department, the Company may in any
way engage with bodies or companies that may cooperate in achieving its purposes and may own,
incorporate, merge or purchase shares or shares in such companies. The regulations and instructions
in this regard are in place.
Article (5): Duration of the Company:
Company Duration (........) An abandoned/calendar year beginning on the date of its entry into the
commercial register, this period may always be extended by an extraordinary General Assembly
decision at least one year before its expiry.
Article 6: Capital:

2. Select Company capital in ......................... Lira (selects writing and number), divided into
(.....................) An equal-value, nominal arrow (...) Lira and all stock are ordinary (cash/... Cash
arrow)