LETTER OF COMMITMENT[1].

LETTER OF COMMITMENT This commitment letter refers to the Memorandum of Understanding (the "Protocol") signed on 19 June 2012 in Rabat, Morocco between MCR Technology SA, a company registered under Moroccan law in the commercial register under number of... More

LETTER OF COMMITMENT This commitment letter refers to the Memorandum of Understanding (the "Protocol") signed on 19 June 2012 in Rabat, Morocco between MCR Technology SA, a company registered under Moroccan law in the commercial register under number of Rabat and 87261 whose registered office is at No. 5 rue Bani Houdaifa Souissi 10000 Rabat ("MCRT"), and the Government of Morocco (the "Moroccan Party"), concerning the construction by a MCRT factory ammunition of various calibers on Moroccan territory and the sale of ammunition produced in the factory for export and the Moroccan Party under the conditions provided in the Protocol. We confirm by this letter having read the terms and conditions of the Protocol and in particular our subsidiary, Mecar, under its commitment to safe door to benefit the Moroccan Party on certain obligations specified in MCRT Protocol. We confirm by this letter that Mecar has the means and resources to meet its commitments under the promise of strong carrier a Less