ln the event that the Panies do not reach such solution within a period of 30 (thirty) days from
the issuance of notice of dispute by a Party, then the dispute or difference shall be finally
resolved pursuant to the arbitration rules of the Dubai lnternational Arbitntion Centre "DlAC",
by one arbitrator appointed in accordance with the said rules. Arbitration shall take place in
Dubai, UAE, and shall be conducted in English. The Arbitral award shall be final and binding. The
arbitrators shall decide on all matters in dispute including the allocation ofthe arbitration cost