Application.

Date: 14th May, 2020 The Director (Commercial) Bangladesh Investment Development Authority (BIDA) Prime Minister's Office People’s Republic of Bangladesh E-6/B, Agargaon, Sher-e-Bangla Nagar, Dhaka 1207, Bangladesh. Attention: Deputy Director (Commercial) Subject: Application for weaver of condition 7 & 8 of BIDA Branch Office permission letter. Dear Sir, We are very pleased to introduce ourselves that TOA CORPORATION is a Japanese based company set up a Branch office in Bangladesh by taking permission from your office vied letter Ref No: OPN-03Nov2019-00001 dated 05 January, 2020 for expanding its business so that we can encompass our global reach of customers. But as per condition 7 & 8 of permission letter, this branch obligated to pay all operational, functional and establishment costs including salaries of the expatriates and local employees in the branch office by receipt of remittance from abroad and outward remittance of any kind from Bangladesh sources will not be allowed. Now company Board of Directors take decision to apply for weaver of condition 7 & 8 in pursuance to condition 9. We attached herewith the following papers/documents for your perusal: Application in prescribed form signed by authorized persons for the establishment of a Branch Office; Certified true copy of Board Resolution; Copy of BIDA permission letter; Copy of Bangladesh Bank Intimation U/S 18B of Foreign Exchange Regulation (Amendment) Act, 2015; Copy of TIN certificate; Explanation for Non-Submission of Tax Clearance Certificate & Audited Financial Statements; Copy of Encashment Certificate; Copy of Office rental agreement; Copy of agreement/invoices with customers. We hope you will find our documents in order and we look forward to having your kind approval for weaver of condition 7 & 8 in pursuance to condition 9 of permission letter. Thanking you! Sincerely yours ____________________________________ Kazuo Tachi Country Manager of TOA CORPORATION