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DATE: 30 - 01 -2006
In line with the standard monetary policies and regulations of all intra day settlement
of high valued payment across the border by the Financial Services Authority (UK),
funds above GBP £1,000,000.00 (One Million Great British Pounds Sterling) OR
USD/EURO equivalent leaving the UK is regarded as Capital Gains.
As referenced above and upon your fulfillment of the local Government tax clearance
certificate which must be obtained and be submitted to the external audit department
of the Financial Services Authority (UK) as a mandatory pre-requisite for the
confirmation of your funds via swift means to your nominated bank account in
Pakistan as earlier scheduled is subject to bank confirmation within (24) Twenty-Four
Banking hours.
Also, any further delays or obstructions for the swift release and bank confirmation of
the above referenced Financial instrument to the benefit of the beneficiary after (24)
Twenty-Four banking hours of the settlement of the Mandatory Local Government
(CAPITAL GAINS TAX) Clearance Certificate Fees as stated above will subject this
institution to total reimbursement as desired by the beneficiary within (24) Twenty-
Four banking hours payable to the benefit of the beneficiary.
This Irrevocable letter of guarantee will be considered Null and Void upon the
confirmable of the above referenced Financial instrument in the beneficiary´s
designated bank account in Pakistan satisfactorily and in good faith and neither party
shall have no further right under this Irrevocable Letter of Guarantee thereafter.
This guarantee is issued in good faith without duress on this day as dated.
Guarantor: