FISCAL PROCEDURE

GROUPE NOUBRU

The French dictionary defines the word procedure as the way to proceed,the steps to take to complete a
given task.

The tax being the participation of each person (legal or natural) in public charges,

How do we proceed within the Noubru Group:

1. To determine the taxable matter (tax base)

2. To liquidate the various taxes and duties

3. To pay taxes issued

4. To archive tax documentation

5. For bank disbursements

6. For associated current account advances.

However,in order to facilitate the understanding of this procedure by everyone,we go first,in a simple
table,

Present the process of tax activities within the Group

Then a tax schedule that includes the various taxes to which the companies of the Group are subject.

A. TAX MANAGEMENT PROCESS WITHIN THE NOUBRU GROUP

Activities Technical skills Organizational skills Communication skills

1. Ensure the legal monitoring necessary for the application of tax obligations

Select and consult appropriate and up-to-date sources of information.

Identify tax changes having consequences for the Group.

Constitute,organize and update tax documentation. Participate in meetings to analyze tax

developments.

Participate in writing notes or summaries.

1. Identify the scope of tax applicable to the Group and its operations

Identify the tax provisions applicable to the Group or its operations.

Take into account the evolution of the texts and measure the consequences

Organize the collection of information having an impact on the Group's tax obligations. Seek timely
advice from specialists outside the Group if necessary

1. Implement or identify the timetable for tax work

Determine the nature and frequency of the various tax obligations and their impact on the Group.
Establish a tax schedule.

Organize tax work in line with the schedule.

1. Perform and control tax work relating to:

• VAT;

Determination of taxable profit;

• The determination of taxable income,liquidation and payment of IR;

• The liquidation and payment of corporate tax;

• Declaration and payment of incidental taxation.

Determine the tax base for which the Group is liable.

Apply the rules related to the chargeable event and the exigibility.

Prepare tax declarations (manually or using specialized software).

Simulate the calculation of taxes due.

Liquidating the taxes due.

Make payments relating to VAT,DIPES,read,and parafiscal charges.

Accounting taxes and duties.

Detect anomalies.

In accordance with the control procedures in place

Organize the collection of information necessary for determining the tax base and preparing
declarations.

Keep the schedule of tax settlements.

Organize the storage and archiving of supporting documents and declarations.

Implement internal procedures for verifying the taxes owed by the Group (company by company).

Transmit the tax declarations to the administrations concerned according to the procedures in force.

Respond to requests or requests from the tax authorities.

Report on his work.

Participate in the formalization and updating of company-specific procedures.

Report on the reconciliations carried out.

1. Participate in the assessment of tax options

Identify and analyze the main options available to the Group.

Simulate on a spreadsheet or using professional software the impact of tax choices.

Assess their financial impact as appropriate.

Prepare a note or an oral presentation to clarify the choice between different options.

After presenting the process that guides tax work within the Group,we invite you to read through the
table below,the tax schedule which takes into account the various taxes to which the companies of the
Group are currently subject

A. TIMETABLE FOR TAX WORK AT THE NOUBRU GROUP

TIMETABLE FOR TAXES AND TAXES

TAX CALCULATIONS FREQUENCY PAYMENT DELAY

PATENT 0,283%(0,494%)* EXOS ANNUAL CA N-1 THE YEAR 28 FEBRUARY

LICENCES 04 TIMES (02 TIMES) PATENT CONTRIBUTION THE YEAR 28 FEBRUARY

COMMERCIAL LEASE REGISTRATION 10%ANNUAL RENT THE YEAR LATER 3 MONTHS

AFTER SIGNATURE

INTRANCE COUNT/5% RENT&1'RENT&1' ANNUAL 1% IMM VALUE (CONSTRUCTION+LANDS) THE

YEAR &June-30

CAR TICKETS GRADUALLY THE YEAR INSURANCE RENEWAL

AXLE TAX GRADUALLY QUARTER EVERY 15TH OF QUARTER N+1

IS DEPOSIT 2,2%(5,5%) CAHT MONTH EVERY 15TH OF MONTH N+1

DISCCOUNT/VTE 2%(5%) CAHT MONTH EVERY 15TH OF MONTH N+1

EXCISE DUTIES 30%CAHT MONTH EVERY 15TH OF MONTH N+1

VAT 19,25%CAHT MONTH EVERY 15TH OF MONTH N+1

TAXES/SALARIES IRPP MONTH EVERY 15TH OF MONTH N+1

FNE MONTH EVERY 15TH OF MONTH N+1

CFC MONTH EVERY 15TH OF MONTH N+1

TC MONTH EVERY 15TH OF MONTH N TAX PROCEDURE SPECIFIC TO THE NOUBRU

GROUP

As defined above, a procedure describes the steps of processing a piece of data or a set of data until the
final product is obtained; this by specifying the various stakeholders at each stage, the actions to be
taken by each of these stakeholders as well as the imperative deadlines for execution to be respected in
order to achieve performance.

As regards taxation, we have listed four main stages in the treatment of the tax thing which logically
gives us the four modules of the tax procedure within the group.

1. DETERMINATION OF THE TAXABLE MATERIAL (TAX ASSESSMENT)

To assess the tax, it is to seek the bases of taxation, that is to say, the chargeable event of the tax
according to the tax texts in force in Cameroon.

Generally, from the sector of activity of a company, the tax specialist highlights the various taxes and
duties to which this company will be subject.
Example: 3N PHARMA which operates in the pharmaceutical sector will neither be subject to
VAT,another month to excise duty.

So,this stage of the work is the exclusive responsibility of the tax department, which must, for each of
the group companies listed:

• Specify its sector of activity

• Prepare its tax schedule

• Communicate this tax schedule to the group's authorities and to the a working session should
take place between the tax department,group authorities and structure managers;this for:

• define the tax policy to be applied in the structure (how to assess the tax bases)

• Specify by name (at least two people) who, month by month, will be in charge of validating the
projects

~1. LIQUIDATION OF TAXES AND TAXES (OR ALSO THE CALCULATION OF THE AMOUNT OF TAX)

Here,these are the operations by which the amounts of taxes due by the company are fixed

These tasks are exclusively the responsibility of the tax department, which uses both the rates and the
scales provided by the administrations to calculate the fair

These work of calculating the various taxes and duties must be done in such a way that,as stated
above,that the draft declarations reach those responsible for validation,at least nine days before the due
date.

2. PAYMENT OF TAXES AND TAXES ISSUED

The payment of taxes and duties consists of all the operations that have the effect of transferring money
from the company's coffers to the State coffers.

So,once the draft declarations have been validated,they are returned to the tax department (at the latest
two days after their filing for validation)

• The tax department prepares the declarations on the official forms of the administration or
online for companies whose attachment centers are fully digitized~ the tax service prepares transfer
orders for all companies whose accounts are domiciled in Yaoundé and which pay their taxes by bank
transfer.For companies domiciled in Yaoundé and paying their taxes in cash,cash disbursement requests
are issued

• Transfer orders and cash payment requests once established,are transmitted on discharge to the
CFOs (or chief accountants) of each of the structures concerned

• The CFOs (or chief accountants) have a maximum of 72 hours upon receipt of these orders and
requests to carry out all the due diligence necessary for effective payments, namely to have them signed
and deposited in banks and for cash requests,unlock cash.

• At the end of 72 hours,the CFOs (or chief accountants) must send to the tax department,with
regard to transfers,a copy of the discharge of the transfer order by the bank,accompanied by the transfer
certificate specifying the references of the tax notice and for cash requests,the provision of these species
to the tax service on discharge.

• As regards taxes declared and paid outside Yaoundé,the tax department transmits the
declarations by internet to the various designated persons,in regions and cities,responsible for carrying
out the necessary due diligence (effective declaration to the administrations and payment) this by
obligatorily copying the DGs,CFOs and chief accountants of these structures

• The CFOs or chief accountants must check these documents communicated to their employees
in the regions and give their agreement for payment within 72 hours;this always by internet with the tax
service in copy

• The tax service as well as the people in the regions,responsible for carrying out tax due diligence
must take all measures so that when each tax or charge is due,this is actually declared and paid to the
tax authorities.

• The regional managers in charge of tax due diligence are required to send to the tax department
no more than five days after the payment deadline,all the supporting documents certifying that the said
taxes have actually been paid (copies of declarations discharged from taxes,copies of payment receipts)

1. ARCHIVING OF TAX DOCUMENTATION

Archiving documents means storing and classifying them in such a way that any search is easy for
anyone.
To the Noubru group,the archiving of tax documents is done at the tax department.

By tax documents we mean:

• Any basic document used to establish the tax (cde voucher,delivery slips,bills,receipts and
miscellaneous receipts,documents and bank statements,etc)

• All copies of declarations with their payment receipts

• All summary statements and tax reports (DSF,scales,newspapers,great books,responses to

various tax notifications,etc)

At the level of the taxation department of the Noubru group,

• Each company in the group must have a dedicated department

• Inside the departments,the documents must be classified by type of operation,per month and
per fiscal year

This is how we will have:

• Documents relating to sales operations in the sales chronos per month and per fiscal year

• Documents relating to purchase operations in the sales chronos by fiscal year and by nature of
tax and duty

• Documents relating to administrative correspondence (received and sent) in the chronological

records by month and by fiscal year

1. BANK DISBURSEMENTS

In accordance with the legislation, any payment above CFAF 500,000 (Five hundred thousand CFA francs)
must be made by check or bank transfer.

Which means that it is now strictly forbidden to manipulate cash greater than FCFA 500,000 in structures
dependent on Noubru Holding SA.

2. ASSOCIATED CURRENT ACCOUNT ADVANCES

Now to pass a transaction as an associated current account advance,it will always be necessary to ensure
beforehand that the current account agreement has been drawn up,signed by the parties,validated by
the board of directors or the general meeting of partners and then registered at the registries of the
court where our company is housed, failing which the responsibility of the GM and its administrative and
financial manager will be engaged.