Service certificate

Hamedan Regional Water Company — certificate of satisfactory performance

Hamedan Regional Water Company — certificate of satisfactory performance.

Public copy of the document; the personal addressee’s name has been removed.

Paya System BehestanReport published:

Letter excerpt

To the respected Managing Director of Paya System Behestan

Subject: Certificate of satisfactory performance

With greetings and respect,

We hereby confirm that this department is fully satisfied with Paya System Behestan’s services in printing anti-counterfeit documents. With appreciation for the assistance provided, and at your company’s request, this certificate is issued as confirmation of satisfactory performance and has no other legal validity.

Amir Habibi Pour — Head of Security