Outstanding amount discharge Letter

M/s xxx Properties LLC

P. O. Box xxx, Dubai, UAE

Tel: xxx

Fax: xxx

Attention:         Mr. xxxAssistant Manager – Commercial          

Project:            (G+23) Building 4 Nos. in Dubai

Subject            :  Discharge Letter

Dear Sir,

With reference to the Contract Agreement xxx dated 07^th Jan xxx, we hereby confirm our final account position as stated below:

1. Original Contract Price                                               – AED  xxx
2. Variations                                                                    – AED  xxx
3. Revised Contract Price                                               – AED  xxx
4. Previously paid amounts                                            – AED xxx
5. Final payment due                                                   – AED  xxx

We further confirm that upon receipt of AED xxx, we will have no further outstanding monies due in respect of the aforementioned Contract xxx dated 07^th Jan xxx and the Project.

We agree that all claims under, in respect of or related to the Contract xxx dated 07^th Jan xxx, the Works and the Project including any claims whether presently known or unknown and howsoever and in any way whatsoever arising from in respect of or related to the Contract xxx dated 07^th Jan xxx, the Works and the Project are fully, finally and irrevocably settled.

Thanks & regards,

For Xxx (Name of the Subcontractor) Interiors LLC:

xxx

Commercial Manager