May 23, 2016

(c) remove the Company from Companies Register, as well as any other registersmaintained by the Registrar.

108. Liquidation of a PLC

The liquidation of a PLC must be carried out in accordance with the Markets Laws and the law ofthe Dubai International Financial Centre relating to insolvency of Companies, as amended.

PART10 PENALTIES

109. Types of penalties

The Registrar has the authority to impose a penalty on a Company who is in breach of the laws,including the Jafza Laws. The penalty may include:

(a) termination of the License;

(b) imposition of a fine; or

(c) any other penalty determined by the Registrar.

110. Fines

The Registrar may prescribe a schedule of fines for offenses. Where a fine is not prescribed foran offense the Registrar may determine the fine.

Sultan Ahmed Bin Sulayem

Chairman of Ports, Customs & Free Zone Corporation

Issued in Dubai on: 23/05/2016

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