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  • 7/28/2019 Letter of Undertaking2

    1/2

    Letter head

    Date : 2013

    COMPANY'S RESOLUTION : IRREVOCABLE UNDERTAKING AGREEMENT TO PAY FORTHE CONSULTANCY FEE & SERVICES DONE.

    PROJECT TITLE : PROPOSED DEVELOPMENT OF NEW CAMPUS AND ASSOCIATEDWORKS FOR QUEST INTERNATIONAL UNIVERSITY PERAK FORMERLY KNOWN ASPREMIER INTERNATIONAL UNIVERSITY AT GUA TEMPURONG,MUKIM KAMPAR, DISTRICTOF KINTA PERAK DARUL RIDZUAN (PHASE 1- Project value RM391,223,129.32)(Building, Structures Mechanical & Electrical and Related Works).

    We, SDN BHD , hereby irrevocably and unanimously, with full personal

    and legal authority and corporate responsibilities, duly agreed, consent, covenant and

    confirmed and undertake and guarantee full payments by our BOARD of DIRECTORS ANDSHAREHOLDERS to pay the sum stated below being consultancy fee to the

    beneficiary/beneficiaries. This irrevocable undertaking agreement issued shall be bound

    legally according to the laws of Government of Malaysia.

    CONSULTANCY FEE : RINGGIT MALAYSIA FOUR PERCENTUM (4.O%) TO BE BASED

    ON THE TOTAL PROJECT VALUE STATED IN THE LETTER OF

    AWARD / TOTAL CONTRACT SUM STATED IN THE CONTRACT

    AGREEMENT (THE CONTENT IS IN FULL AFFECT FOR EVERY

    PHASE AWARDED)

    PAYABLE TO BENEFICIARY : LINTANG SEMPURNA SDN. BHD. (Co. No. 1023521-X)

    MODE OF PAYMENT :- 1) 1ST PAYMENT AFTER 1ST PAYMENT FROM CLIENT (MOBILISATION)

    2) 2ND PAYMENT AFTER 2ND PAYMENT FROM CLIENT

    (Payable by Cash/Bankers Cheque)

    The payment of the consultancy fees shall be made and honored without protest, recourse,

    deduction, lien or encumbrances in accordance with the schedule payment stated herein and

    shall be payable to name above or their beneficiary/ beneficiaries or nominees.

    For and On Behalf Of

    Company seal

    ................................... ..........................................

    Executive Director Managing Director

    NRIC No: NRIC No:

  • 7/28/2019 Letter of Undertaking2

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    Date : 2013

    RE : LETTER OF GUARANTEE PAYMENT

    PROJECT TITLE : PROPOSED DEVELOPMENT OF NEW CAMPUS AND ASSOCIATEDWORKS FOR QUEST INTERNATIONAL UNIVERSITY PERAK FORMERLY KNOWN ASPREMIER INTERNATIONAL UNIVERSITY AT GUA TEMPURONG,MUKIM KAMPAR, DISTRICTOF KINTA PERAK DARUL RIDZUAN (PHASE 1)(Building, Structures Mechanical & Electrical and Related Works).

    We, the Main Contractor for the project name stated above, shall irrevocably agree to pay a

    sum of RINGGIT MALAYSIA FOUR PERCENTUM (4.0%) TO BE BASED ON THE TOTAL

    PROJECT VALUE STATED IN THE LETTER OF AWARD / TOTAL CONTRACT SUM STATED IN

    THE CONTRACT AGREEMENT being consultancy fee to the beneficiary/ beneficiaries stated

    below.

    TO BENEFICIARY: LINTANG SEMPURNA SDN. BHD. (Co. No. 1023521-X)

    With reference to the above matter, we the undersigned, the Managing Director andExecutive Director, act on behalf of all the company directors and shareholders, duly agreed,confirmed, consent and with full corporate authority and responsibilities under penalty ofperjury are determined to GUARANTEE, the beneficiary above named, the full payment forthe amount stated above being consultancy fee of the project.

    Should the present company being taken over by another Group of Company and/or theundersigned Managing Director, Executive Director or Directors being resigned, thereof, the

    new Group of Company and the new Managing Director, Executive Director or Directors willautomatically be bound to undertake this Letter of Guarantee, and whatever Agreementsbeen signed earlier, shall be confirmed and duly agreed by our BOARD of DIRECTORS withimmediate effect.

    We hereby irrevocably, irreversibly and unconditionally, shall make honored without protestand delay or non-notification, promise and guarantee such payments shall be made withoutset-off and free and clear of any deductions, liens or encumbrances, charges, fees orwithholding of any nature now or thereafter imposed, levied, collected withheld or addressedby any party or authority thereof or therein.

    In witness where of the parties have here to affixed their signatures, the year and date first

    above written.

    Signed by :

    Company seal

    ................................... ..........................................

    Executive Director Managing Director

    NRIC No: NRIC No: