UNIT RESERVATION: TERMS AND CONDITIONS

(1) The Customer agrees to pay the Exclusivity Fee on the Date of this Form in consideration for DAMAC’s agreement not to market or offer the Unit to a third party and to reserve it to the Customer for the duration of the period set out in Clause 2 below in order to allow the Customer the time to decide and agree with DAMAC to purchase the Unit at the Gross Price on standard terms of purchase.

(2) DAMAC shall reserve the Unit for the Customer for a maximum period of seven (7) days from the date of this Form (“Exclusivity Period”).

(3) The Customer acknowledges and agrees that the Exclusivity Fee is nonrefundable. The Customer will be required to complete the token payment of 5% of the property value within the exclusivity period and deposit payment of 24% of property value within a period of 25 calendar days from the date of reservation fee payment prior to entering into the SPA.

(4) If the Customer does not agree with DAMAC to buy the Unit on DAMAC’s standard term and conditions of purchase and sale of similar properties ("Standard Terms") on or before the expiration of the Exclusivity Period, this Form shall terminate automatically without the need for any court action or order or any consent by the Customer or any notification or other action by DAMAC and without refund of the Exclusivity Fee, which the Customer shall be considered to have irrevocably forfeited.

(5) The Customer acknowledges and agrees that the agreement with DAMAC to buy the Unit during the Exclusivity Period is concluded and takes effect by and upon the Customer entering, within 30 days of the online reservation, into a sale and purchase agreement in DAMAC’s sole discretion (or its affiliates) (“SPA”) which will contain, amongst other things, the Standard Terms, the Gross Price above (or such other price as may be agreed by the Parties), the final specifications of the Unit and the Project (including the permitted use) and will supersede and take precedence over any information or statement previously communicated to the Customer.

(6) The estimated Unit Area stated in this Reservation Form is the net floor area of the Unit measured from the exterior faces of the exterior walls and from the centerlines of the common walls joining two units and across internal walls, and it includes external covered areas.

(7) The Parties agree that this Reservation Form: (i) is not a contract for the sale, transfer or disposition of the Unit and the Customer has not made an offer to buy the Unit as at the date of this reservation amount payment; (ii) shall not create any real property or registerable rights over the Unit in favor of the Customer; (iii) is merely a promise by DAMAC to the Customer to reserve, in consideration for payment of the Exclusivity Fee, the Unit for the Customer throughout the Exclusivity Period during which the Customer shall have the opportunity to agree with DAMAC to purchase the Unit at the Gross Price subject to signing an SPA.

(8) Should the Customer and DAMAC enter into an SPA, DAMAC reserves the right, at its sole discretion, to apply the Exclusivity Fee against the price of the purchase agreed in the SPA.

(9) All monies owed under this Form are exclusive of VAT and the Customer shall pay the applicable VAT, if any, on top of the fees charged by DAMAC hereunder.

(10) The Customer hereby irrevocably (i) authorizes DAMAC to charge the credit card for the amounts owed hereunder and issue a receipt to the Customer, (ii) confirms that the credit card is charged on his/her express request and that the Customer shall not dispute the charge in future.

(11) The Customer represents that the funds used to pay the Exclusivity Fee originate from a legitimate source and are not proceeds of any crime or illegal activity.

(12) The Customer represents that the information the Customer has provided as part of this process is complete and accurate.

(13) The Customer acknowledges that DAMAC may request additional information, including Know-Your-Customer information, to ascertain the origin of the funds used to pay the Exclusivity Fee, and the Customer expressly consents herein to such information being shared by DAMAC on a confidentiality basis with third-party compliance services providers assisting DAMAC with customers and payment source verifications.

(14) The Customer hereby represents to the DAMAC that Customer has read, understood, and agreed to all the terms and conditions hereunder, including the non-refundable nature of the Exclusivity Fee, and that the Customer is entering into this transaction with DAMAC at Customer’s own risk, responsibility, and liability.

(15) DAMAC, its parent company, their affiliates and subsidiaries, their respective shareholders and partners, directors, employees, agents and representatives shall not be held responsible or liable in any manner whatsoever for any loss, costs, damages, or liabilities whatsoever incurred and in any way related to or connected thereof, whether now or in the future, and the Customer irrevocably and unconditionally discharges and releases them from all such obligations and liabilities.

(16) This Form is not transferable or assignable by the Customer.

(17) The Customer explicitly consents to the collection, use, processing and transfer, in electronic or other form, of Customer's personal data collected by DAMAC and/or its affiliates in connection with this Form. The Customer acknowledges and agrees that the transfer of their personal data may occur within and/or outside the UAE to DAMAC’s affiliates and/or any third parties assisting in fulfilling this Form. The Customer may, at any time, revoke the consent granted under this Clause by providing written notice to DAMAC. The Customer agrees that shall not be liable for any loss, damage, or claim arising out of or in connection with the collection, use, processing or transfer of the Customer's personal data, provided that DAMAC has acted in accordance with the Personal Data Protection Laws applicable in the UAE.

(18) In the event of any dispute relating to the validity, performance, enforceability or termination of the transaction contemplated herein, such dispute shall be referred to the exclusive jurisdiction of the competent courts of Dubai, UAE.

(19) The transaction contemplated herein and the rights and obligations resulting therefrom shall be governed by the laws of Dubai and the federal laws of the UAE.

EXPRESSION OF INTEREST: TERMS AND CONDITIONS

(1) Customer understands and agrees that this expression of interest ("EOI") merely grants the Customer the opportunity to participate in the sales launch event of the Project and potentially reserve or purchase a property in the Project subject to availability and final agreement with DAMAC.

(2) The EOI does not grant the Customer any option, pre-emptive right, right of first refusal or right to purchase a property in the Project, nor does it constitute an obligation on DAMAC to allocate, reserve, sell or offer to sell a property to the Customer or a promise by DAMAC that a property will be allocated, reserved, offered, sold or available for reservation or sale to the Customer.

(3) The Customer agrees to pay a fee ("Participation Fee") on the Date of this EOI in consideration for the Customer’s opportunity to participate in the sale launch event as stated in clause 1 above. The Participation Fee is comprised of (i) a registration fee, and (ii) a second fee determined on the basis of applicable unit cost in the Project. Subject to successful registration, the Customer will be contacted by DAMAC to complete the second payment in full. The Participation Fee will be offset against the Instalment Payment in the SPA.

(4) The Participation Fee is fully refundable in the following events: (a) on Customer’s first written request received by DAMAC or requests raised through DAMAC Living Application on android/iOS app stores (i) at any time prior to the entry into a unit reservation request form ("Form") or a sale and purchase agreement ("SPA") with DAMAC pertaining to a property in the Project, or (ii) at any time after the sales launch event if the parties have not, for any reason, entered into a Form or an SPA pertaining to a property in the Project; (b) at DAMAC’s election to refund the Participation Fee after the sales launch event if the parties have not, for any reason, entered into a Form or an SPA pertaining to a property in the Project.

(5) The Participation Fee shall be refunded to the same account or credit card that was used to pay the Participation Fee payment.

(6) The Customer understands and agrees that there is no guarantee that a property in the Project will be available for purchase by the Customer or that the Project will not be oversubscribed through EOIs or otherwise.

(7) If a property is proposed to the Customer, the Customer shall immediately reserve the proposed property by making a non-refundable reservation payment (on DAMAC’s), UNIT RESERVATION: TERMS AND CONDITIONS sent with this correspondence

(8) Upon entering into a Form or an SPA for the purchase of a property, the Participation Fee shall be credited towards the purchase price of the property.

(9) If the sales launch event ends without the Customer having entered into an SPA or a Form, this EOI shall terminate automatically without the need for any court action or order or any consent by the Customer or any notification or other action by DAMAC.

(10) This EOI: (i) is not a contract for the sale, transfer or disposition of a property; (ii) shall not create any real property or registerable rights over a property of the Project in favor of the Customer; (iii) is merely a grant of an opportunity to participate in the sales launch event of the Project in consideration for payment of the Participation Fee.

(11) All monies owed or paid under this EOI are exclusive of VAT and the Customer shall pay the applicable VAT, if any, on top of the fees charged by DAMAC hereunder.

(12) The Customer or the third-party card holder, as applicable, hereby irrevocably (i) authorizes DAMAC to charge the credit card for the amounts owed hereunder and issue a receipt in the name of the Customer, (ii) confirms that the credit card is charged on his/her express request and that the Customer shall not dispute the charge in future.

(13) The Customer represents that the funds used to pay the Participation Fee originate from a legitimate source and are not proceeds of any crime or illegal activity.

(14) The Customer represents that the information the Customer has provided as part of this process is complete and accurate.

(15) The Customer acknowledges that DAMAC may request additional information, including Know-Your-Customer information, to ascertain the origin of the funds used to pay the Participation Fee, and the Customer expressly consents herein to such information being shared by DAMAC on a confidentiality basis with third-party compliance services providers assisting DAMAC with customers and payment source verifications.

(16) The Customer hereby represents to DAMAC that the Customer has read, understood, and agreed to all the terms and conditions hereunder and that the Customer is entering into this transaction with DAMAC at Customer’s own risk, responsibility, and liability.

(17) DAMAC, its parent company, their affiliates and subsidiaries, their respective shareholders and partners, directors, employees, agents and representatives shall not be held liable in any manner whatsoever for any loss, costs, damages, or liabilities whatsoever incurred and in any way related to or connected thereof, whether now or in the future, and the Customer irrevocably and unconditionally discharges and releases them from all such obligations and liabilities.

(18) The Customer explicitly consents to the collection, use, processing and transfer, in electronic or other form, of Customer's personal data collected by DAMAC and/or its affiliates in connection with this EOI. The Customer acknowledges and agrees that the transfer of their personal data may occur within and/or outside the UAE to DAMAC’s affiliates and/or any third parties assisting in fulfilling this EOI. The Customer may, at any time, revoke the consent granted under this Clause by providing written notice to DAMAC. The Customer agrees that DAMAC shall not be liable for any loss, damage, or claim arising out of or in connection with the collection, use, processing or transfer of the Customer's personal data, provided that DAMAC has acted in accordance with the Personal Data Protection Laws applicable in the UAE

(19) In the event of any dispute relating to the validity, performance, enforceability or termination of the transaction contemplated herein, such dispute shall be referred to the exclusive jurisdiction of the competent courts of Dubai, UAE. The transaction contemplated herein and the rights and obligations resulting therefrom shall be governed by the laws of Dubai and the federal laws of the UAE.

(20) This EOI is not transferable or assignable by the Customer.

(21) This EOI shall be governed by the laws of Dubai and the federal laws of the UAE.

(22) Any dispute arising from or in relation to this Reservation Form shall be referred to the exclusive jurisdiction of the courts of Dubai, UAE.