Bank Guarantee issued in favour of Asia Sat on behalf

Mr. Z

Address….

Dear Sir,

Bank Guarantee issued in favour of AsiaSat on behalf

of Company 1

Since the License Agreement dated 09.03.1999 executed between Company 1 and Ministry of Information and the Certificate of Registration dated 21.03.1999 issued by the Board of Investment has been terminated, you are advised to inform this Department on an urgent basis the latest steps taken in relation to the Bank Guarantee for US$ 1,10,250.00 issued with the approval of BANK 1 by your Bank in favour of Asia Sat on behalf of Company 1.

Yours faithfully,

………………….

For: “The Lawyers & Jurists”