letter of undertaking2
TRANSCRIPT
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7/28/2019 Letter of Undertaking2
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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
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Executive Director Managing Director
NRIC No: NRIC No:
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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
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Executive Director Managing Director
NRIC No: NRIC No: