Irrevocable General Power of Attorney

BEFORE THE SUB REGISTRAR _______________________

IRREVOCABLE GENERAL POWER OF ATTORNEY

Irrevocable General Power of Attorney: Whereas, I, MR. A son of Mr. X, 69/1 B.K. Main Road, Purbo Bania Khamer, Police Station: Khulna Sadar, District: – Khulna, represented by his lawful attorney Mr. P, Managing Director of Bizlink Trade Limited, having its business address at 8, Mymensingh Road, Banglamotor, Dhaka, appointed and constituted by a registered Irrevocable Power of Attorney Deed No. 22966 dated 28.12.2005, with the Office of Sub-Registrar, Gulshan, Dhaka owner of the properties more fully described in the Schedule below and hereinafter referred to as the “Scheduled Property”;

WHEREAS

The chain of ownership of the scheduled property is as follows:

It appears that, Mr. B Alias Mr. B was owner of the property and recorded his name in S.A. operation.

Thereafter, said Mr. B Alias Mr. B died leaving behind his two sons, namely (i) Mr. C & (ii) Mr. D three daughter namely (i) Mrs. E (ii) Mrs. F (iii) Mrs. G  acquired the schedule property by way of inheritance through Haba Deed No. 10604 dated 12.09.1993.

Thereafter, the said Mr. C and others sold the land to East West Property Development  (Pvt) Ltd through Saf Kabala Deed No. 6438 dated 06.05.2002.

Thereafter, said East West Property Development  (Pvt) Ltd sold the scheduled property to Mr. A, by way of purchase through Saf Kabala Deed No. 7662 dated 02.06.2004, in respect of measuring 6.60 decimals.

Thus the said Mr. Abecome the present owner of the scheduled land and got mutated in respect of measuring land 6.60 decimals in the Govt. Revenue Record vide Mutation Case No.  4775/05 dated 01.08.2005.

KNOW ALL MEN BY THESE PRESENTS that I, MR. P, son of________________, at 8, Mymensingh Road, Banglamotor, Dhaka, On behalf of Mr. Ason of Mr. X, 69/1 B.K. Main Road, Purbo Bania Khamer, Police Station: Khulna Sadar, District: – Khulna, do hereby irrevocably nominate, appoint and constitute:

BANK 1

Dilkusha Corporate Branch

People Insurance Bhaban (1st Floor)

36, Dilkusha C/A, Dhaka-1000

Bangladesh

as our true and lawful ATTORNEY (hereinafter referred to as the “Attorney Bank”) to do all or any of the following acts, deeds and things:

1.   To sell, transfer and assign the scheduled property without intervention of any Court of law as per the provisions of the Artha Rin Adalat Ain, 2003 and to do all acts and sign all documents and papers in my name which may be required to sell, transfer and assign the scheduled property or any part thereof and all proceeds received under this authority shall be treated as true and valid receipt on my behalf.

2.  To seal, sign and execute any documents of sale, transfer and/or assignment or to do any act on my behalf relating to the aforesaid transfer of the scheduled property or any part thereof and to receive the proceeds thereof on my behalf.

3.  To present and/or submit such deed to the office of the Registrar, Joint Registrar or Sub-Registrar for registration of the same and to do all other acts required to register such documents including swearing affidavit on my behalf.

4.  To deliver the right of the scheduled property or part thereof to the purchaser, transferee or assignee, as the case may be and to do all other acts in this regard.

5.  IN GENERAL to do all other acts, deeds, matters and things whatsoever relating to say sale, transfer or assignment of the scheduled property question.

I undertake that I shall not revoke this Power of Attorney without the consent of the Attorney Bank in writing and I shall not execute and register any other Power of Attorney relating to the scheduled property other than in favour of the Attorney Bank.

I hereby undertake and agree to ratify whatsoever the said Attorney Bank shall lawfully do or cause to be done under this presents and to indemnify the Attorney Bank against all costs and expenses incurred by it.

I hereby declare that this power of Attorney executed by us voluntarily, shall remain legally binding on my heirs, successors-in-interest, legal representatives and assigns who might be involved in the scheduled property as beneficiary thereto.

SCHEDULE OF THE PROPERTIES REFERRED TO ABOVE

All that piece & parcel of land measuring 6.60 (six point six zero) decimals situated within District- Dhaka, Police Station: Sabak Karanigonj thereafter Tajgoan thereafter Cantonment Hal Badda, Sub-Registry Office – Gulshan under Dhaka Cantonment, J. L. No.  C.S. 271 & S.A. 110, Mouza – Joarahahara;  Khatian No. C.S.- 230, S.A.- 588, R.S.- 1703, Dag No. C.S. & S.A. – 3261, R.S. 9618, being lay out project of East West Property Development (Pvt) Ltd at Bashundhara, being Block No. I Plot No. 313; butted & bounded by:

On the North:   Plot No. 354

On the South:  Road

On the East:    Plot No. 314

On the West:   Plot No.313/D

alongwith all structure and building constructed or to be constructed thereon together with all rights, interests, benefits, easement etc. attached thereto.

IN WITNESS WHEREOF, I HEREUNTO SET MY HANDS ON THIS THE _____ DAY OF __________________, 2007.

Mr. A

represented by his lawful attorney Mr. P

(Signature of the Executant)

Signed in the presence of

(Signatures, names and

addresses of the witnesses):

1.

Drafted by:

2.

Drafted by:

For: “The Lawyers & Jurists”
M.L.Hotel Tower Ltd,
208,Shahid Syed Nazrul Islam Sarani,
Bijoy Nagar, Dhaka-1000.

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BEFORE THE SUB-REGISTRAR, __________________

AFFIDAVIT

I, MR. P, son ofAbdul Majid, of 8, Mymensingh Road, Banglamotor, Dhaka On behalf of Mr. A, son of Mr. X, 69/1 B.K. Main Road, Purbo Bania Khamer, Police Station: Khulna Sadar, District: – Khulna, by nationality – Bangladeshi, by faith – Muslim, do hereby solemnly affirm and say as follows:

That being duly authorized I execute this deed of mortgage. That my aforesaid principal is the sole owner of the property and no one has any share in the said property. That the property is not under any contract for sale or not sold or not mortgaged or encumbered otherwise. Further it is not a public khas/vested property or abandoned or it has not been vested upon the government. (Irrevocable General Power of Attorney)

That if any of the declarations made herein by me is ever found to be not correct, I shall be held liable for any such mistake or misrepresentation and in case I give any false statement or conceal the truth as regards my right, title, interest and possession over the scheduled property and if all or any of theses are detected in future, I shall be held liable for committing criminal offence. That if in future any defect in the description of the Scheduled Property is found, I agree to execute and register a fresh deed or deed of rectification/declaration as would be required in order to make corrected the deed.

THAT THE STATEMENTS MADE ABOVE ARE TRUE TO MY KNOWLEDGE AND BELIEF AND IN VERIFICATION WHEREOF I SWEAR THIS AFFIDAVIT ON THIS THE _________ DAY OF _________________ 2007, BEFORE THE SUB-REGISTRAR.

Deponent

The deponent is known to me, identified by me and has signed in my presence.

____________________________________

Identifier

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