Final Notice of Default

Our Ref: xxx

Date: xxx

To                           : xxx Contracting Company LLC

                               P. O. Box xxx, Dubai, U.A.E.

Attention            : Mr. xxx, Senior Project Manager

Project                 : xxx Tower, Dubai – U.A.E.

Subject :     Final Notice of Default

Reference:  a) xxx date 15 February xxx

Dear Sir,

We are writing this letter as a Final Notice to release our overdue payment amounting AED xxx against Invoice no. xxx dated 10 Feb xxx. (Appendix 1)

We remind you again that as per our Purchase Order No. xxx dated 6 October xxx, Payment Terms, clause (4.3), Process of signature of LC Documents, KCC are supposed to handover the signed and stamped original commercial invoice within 3 working days from invoiced pods arrival to site.

Our delivery was completed for all pods since 13 Feb xxx as recorded in our letter ref (a) above.

Accordingly, the original commercial invoice should have been signed and handed over by 16 Feb xxx which till date is still pending and you are currently in a default of 398 days.

Your continuous default in payment and bad faith in the execution of our Purchase Order is no longer acceptable and has caused financial damage to M/s xxx (Contractor Name).

Should you maintain in default from your Contractual Obligation within the next 7 days from this Notice, we will have no choice but to initiate legal action against you.

Yours faithfully,

On behalf of M/s xxx (Contractor Name) LLC

xxx

Projects Manager