Payment Certificate No. 23

M/s xxx Constructions and Operations                            

Office No,. xxx,

Financial Tower, DIFC xxx

Tel: xxx

Fax: xxx

Attention          :   Mr. xxx

                            Project Manager                    

Project             :  xxx – 6B+G100 Floors-Hotel & Residential Tower

Client               :  M/s xxx Holdings Ltd

Consultant       :  M/s xxx Architectural & Engineering Consultants

Subject:           Payment Certificate No. 23

Dear Mr. Ibrahim,

We acknowledge receipt of your Payment Certificate No. 23 reference xxx dated 29^th December xxx with a net certified amount of AED xxx which we disagree, the net certified amount for the Payment Certificate No. 23 should be AED xxx based on the following;

1. Payment Certificate No. 22, the cumulative amount for the original contract is AED xxx while the variation works certified amount is AED xxx. Therefore the cumulative amount certified for PC No. 22 is AED xxx (PC No. 22 copy attached).
2. Payment Certificate No. 21, the cumulative certified amount is AED xxx, whereas, the original contract amount certified is AED xxx and variation works certified amount is AED xxx (PC No. 21 copy attached).

Please be informed that if we follow the certified amount of Payment Certificate Nos. 21, 22 and 23, the current cumulative certified amount for PC No. 23 shall be AED xxx instead of AED xxx (refer to amended PC No. 23).

We kindly request for the amendment of the Interim Payment Certificate No. 23 and send us the amended amount at the earliest.

This is for your information and necessary action.

Kind Regards,

For xxx Interiors LLC

xxx

Project Manager