TRANSFER OF CREDIT FACILITIES A/C THE TRAVEL CHANNEL

Mr. Z

Address….

Dear Sir,

RE:     TRANSFER OF CREDIT FACILITIES A/C THE TRAVEL CHANNEL

We refer to your letter dated 28 February 2007 on the above subject.

We have perused Clause 9 of the Guarantee and suggest the following phrase to be inserted after the word “customer” in the third line of the paragraph:

“provided that we are not subject to such law, regulation and decree”

If you have any queries, please revert back to us.

Thanking you.

Yours faithfully,

………………….

For: “The Lawyers & Jurists”

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