Release of Advance Payment Bank Guarantee

xxx CONTRACTING CO. LLC                                        

P.O Box xxx Dubai, UAE

Tel: xxx

Fax: xxx

Attention                    :   Engr. xxx

                            Project Manager                            

Project                        :  xxx Residential Development

Client             :  M/s. xxx LLC

Consultant    :  M/s xxx and Alami (Consolidate Engineering Co.)

Subject             :  Release of Advance Payment Bank Guarantee

Dear Sir,

We refer to your letter reference xxx dated 9^th July xxx regarding the alleged work delays and the payment status for the above referred project, please be informed that we have noticed that the advance payment has been fully recovered on the work done up to 20^th May xxx as shown on the aforementioned letter.

In view of the full recovery of the advance payment, we hereby request you to return back the issued Advance Payment Guarantee reference xxx dated 10^th April xxx.

This is for your information and necessary action.

Kind Regards,

For xxx Interiors LLC

xxx

Project Manager