MATERIAL CONTRACTS .1 Underwriting agreements:

S. No. Name of the underwriters No. of shares Amount (PKR)

1 National Bank of Pakistan 20,000,000 200,000,000

2 Atlas Bank Limited 15,000,000 150,000,000

3 Arif Habib Limited 10,500,000 105,000,000

4 Habib Bank Limited 10,000,000 100,000,000

5 MCB Bank Limited 10,000,000 100,000,000

6 Bank of Khyber 10,000,000 100,000,000

7 Askari Bank Limited 7,500,000 75,000,000

8 Allied Bank Limited 5,000,000 50,000,000

9 KASB Bank Limited 5,000,000 50,000,000

10 Pak Oman Investment Co. Limited 5,000,000 50,000,000

11 Arif Habib Bank Limited 5,000,000 50,000,000

12 Faysal Bank Limited 2,500,000 25,000,000

13 Pearl Securities Limited 2,500,000 25,000,000

14 Wincom (Pvt.) Limited 2,000,000 20,000,000

TOTAL 110,000,000 1,100,000,000

7.7.2 Other contracts and agreements:

Standard Chartered Bank Limited PKR

Facility Amount Running Finance Facility

Funded facilities 1,500,000,000

Non-funded facilities 900,000,000

Tenor 1 year

Rate 3 Months KIBOR⁶ + 2%

Repayment Schedule

This is the Running Finance facility for a tenor of one year it will be renewed at maturity.

Security Pari passu charge over present and future assets

Purpose To finance working capital requirements.

Bank Alfalah Limited PKR

Facility Amount Running Finance Facility

Funded facilities 1,800,000,000

Non-funded facilities 100,000,000

Tenor 1 year

Rate 3 Months KIBOR + 3%

Repayment Schedule

This is the Running Finance facility for a tenor of one year it will be renewed at maturity.

Security

Pari passu charge over present and future assets

Purpose

To finance working capital requirements.

6 03 Months KIBOR rate = 11.96%

Motorola Credit Corporation USD USD

Facility Type Term Loan Facility

Amount 65,000,000 65,000,000

Tenor/Expiry • 6 years exclusive 1 year of grace.

• 6 Months LIBOR⁷ + 1.7%

• 12 semi annual unequal installments started from June 2009.

• Charge over equipment forming part of supply contract

• Personal Guarantees of Sponsors

• To finance WiMAX Oriented Supplies & Services

Rate

Repayment Terms Security

Purpose

Standard Chartered Bank-ECGD Financing USD USD

Facility Type Long Term Loan

Amount 42,349,486 42,349,486

Security • Charge over current & fixed assets of the company

• Pledge of 20% shares of Wateen

• Personal Guarantees of the sponsors

• To finance WiMAX Oriented Supplies & Services

Purpose

HBL-BAHL-SCB (Local Syndicate) Rupees Equivalent

USD

Facility Type Long Term Finance Facility

Amount 4,775,000,000 57,185,629

Tenor/Expiry • 5 Years inclusive of 2 years Grace

• 6 Months K + 2.75% for first 2 years 6 Months KIBOR⁹ + 2.5%

for last 3 years

• 6 semi annual unequal installments to be started from May 2012

• Charge over all present and future movable assets excluding certain assets

• Corporate Guarantee from Warid Telecom International

• To finance Capex requirement of the company in the following:

• An amount of PKR 3.2 billion has been drawn against the said.

ed - (Islamic) Rupees Equivalent USD

Dubai Islamic Bank Pakistan Limited - (Islamic) Rupees Equivalent USD Facility Type Long Term Loan - Ijara Facility

Amount 530,000,000 6,347,305

Tenor • 6 Years inclusive of grace period of

one year

• 6 Months KIBOR + 1.50%

• 10 semi annual equal installments to be started from Feb 2010

• Charge over specific Ijara's Assets under Ijara

• Corporate Guarantee from WTI

• To finance DWDM Equipment, Eltek Batteries

Rate

Repayment Terms

Security

Purpose

Standard Chartered Bank (Pakistan) Ltd.-Cisco Financing Rupees Equivalent USD

Facility Type Term Finance Facility

Amount 100,000,000 1,197,605

Tenor/Expiry • 5 Years (without any grace)

• 6 Months KIBOR + 1.25%

• 8 semi annual equal installments

• Charge over specific Cisco assets

• To finance the HFC equipment Rate

Repayment Terms Security

Purpose

Note: Conversion Parity used as USD1/PKR83.5

A few of the other major contracts:

Parties to the Contract

• Lycatel (Ireland) Limited

• Sido Telecom, Canada

• IDT Global Limited

• Emirates Integrated Telecommunications Company, PJSC

• Etisalat, UAE

• Afghan Wireless Communication Company (AWCC)

• Vodafone Essar South Limited

• TATA Communications

• Keywest Communications (HK) Ltd.

• Softel (UK) Limited

• Sky Telecom Limited Supply contracts

• Motorola Limited (supply of Wireless Broadband System & GPON)

• Motorola Limited (supply of WiMax)

• Huawei Technologies Co. Ltd. (supply of DWDM equipment)

• Huawei Technologies Co. Ltd. (supply of DWDM, SDH, NMS equipments)

• Huawei Technologies C. Ltd. (supply of Network equipments)

• Motorola Limited (purchase & sale of Wireless Broadband)

• National Engineers System Integrators

• Bytesense (Pvt) Ltd.

• Infotech (Pvt) Limited Services contracts

• Motorola Limited (implementation of wireless broadband & GPON)

• Motorola Limited (implementation of WiMax system)

• Huawei Technologies Co. Ltd. (implementation of Long Haul system)

• Huawei Technologies Co. Ltd. (implementation, integration, integration & support)

• Abilitec Limited (for implementation of system) Indefeasible Rights to Use (IRU)

• CMPak Limited

• Warid Telecom (Pvt.) Ltd

Corporate Sales Agreements

• Bank Alfalah Limited

• Alfalah Insurance Company Limited

• United Nations Children's Fund

• United Bank Limited

• JS Bank Limited

• Sheikhu Sugar Mills Limited

• Network Microfinance Bank Limited

• Bank of Punjab

• MCB Bank Limited

• Barclays

• NADRA

• LESCO

• My Bank

• Atlas Bank

• Tameer Bank

• Saudi Pak Commercial Bank Limited (now Silk Bank)

• Parke Davis & Company Limited (now Pfizer)

• Abbott Laboratories Pakistan Civil and Metro Contracts

• Frontier Works Organization

• Konnect Holden Limited

• SAG Construction (Faisalabad and Gujranwala)

• Zab and Company (Hyderabad)

• Team International (Jhelum)

• Al Mansoor Enterprises (Hyderabad)

• AZC Enterprises (Lahore-Wagha)

• CET (Pvt) Limited (Hyderabad)

• ELC Solutions Corporation (Sialkot)

• GK Construction (Faisalabad)

• Overseas Telecom Services (Pvt) Ltd. (Lahore OTS)

• Telecom Foundation (Abbotabad-Murree)

• UTEL Pakistan (Pvt) Ltd. (Sahiwal) Universal Service Fund (USF)

• Fiber Optical Project in Baluchistan (Package 1)

• Fiber Optical Project in Baluchistan (Package 3)

• Broadband for HTR

• Broadband for FTR

• Fiber Optical Project in Sindh Managed Services Contracts

• Motorola Limited (24/7 days to manage Network)

• Huawei Technologies Co. Ltd. (provision of managed services) Business/Assets Sale & Purchase Agreement

• Unifast Management (Pvt) Limited and Wateen

• National Engineers & Microtech Links (Pvt) Limited ADM Sites

• Konnect Holden

• Excel Engineering (Pvt) Ltd.

• Roscon (Pvt) Ltd.

VSAT Agreements

• CMPak Limited (VSAT equipment for supply & services)

• Telenor Pakistan

• Warid Telecom (Pvt.) Limited

• Telecom Development Company Afghanistan Limited T/A Roshan

• Afghan Wireless Communication Company

• Spacecom (MSA)

• Telco Carrier FZE

• Eutelsat (VSAT capacity agreement)

• VSAT equipment contract with Warid Congo

• LOI for VSAT equipment with Warid Uganda

• LOI for MSO and Bandwidth with Warid Uganda

Miscellaneous Contracts

• The Share Purchase Agreement (SPA) signed between Wateen Telecom Limited and Mr. Jahangir Ahmed for the acquisition of 49% remaining shares of Wateen Solutions (Pvt.) Limited by Wateen Telecom Limited

• Worldcall Telecom Limited (cable duct sale & purchase agreement)

• Higher Education Commission (for leasing of optic fiber in six regions)

• Special Communications Organization (RIO)

• IBM (SOW)

• ARVATO Middle East Sales

• Dancom Pakistan (Pvt) Limited (for telecommunication services)

• Eservglobal Limited (LOI)

• Telenor Pakistan (Pvt) Ltd. (for lease of dark optical fiber)

• Multan Garrison (for providing LDI, WLL, OFC & HFC services)

• Telenor LDI Communications (Pvt) Ltd. (for LDI services)

• Unitech Solutions (Pvt) Limited (PO)

• Defence House Authority (Strategic Services Agreement)

• Services Agreement with Warid Telecom (Pvt) Limited

• International Gateway Contract with Warid Uganda

In document Wateen Prospectus (Page 106-111)