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Zurich, XX August 2007
Ref. MO/MR-XX0707.XXX
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Attention: Mr. ........ . ......., Chairman
Re : Promissory Note No. MO/MR-XX0707.XXX
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We, UBS AG, hereby certify that Mr. XXXXX, has on deposit in his Account No. xxxxxxxx with ourselves, good, clean and cleared funds of non-criminal origin, in the amount of USD X,X00,000,000.00 (United States Dollars XXXXX Hundred Million Only).
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Upon request of Mr. XXXXXX, we have irrevocably reserved in the above Account No. XXX-XXX-XXX with ourselves, the sum of USDXXX,000,000.00 (united States Dollars XXX Million Only) as of XX August 2007, in good, clean and cleared funds of non-criminal origin until XX August 2009 solely to cover Facilities that you are providing to XXX Limited, A/C No. XXXXXXXXXXXXX with yourselves.
On the first Banking Day after XX August 2009, the above funds shall be available without recourse and unconditionally with out any deduction of any nature to XXX Inc.
at their Account No. XXXXXXX-XXXXXXXX-XXX with yourselves and during the period of XX August 2007 until XX August 2009, subject funds shall remain free of all liens, encumbrances and any claim of notice from ourselves.
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Our undertaking under this Promissory Note is not subjected to any Agreement, condition or qualification. The obligations of the Issuing Bank under this Promissory Note, shall be the individual obligations of UBS AG.
Very truly yours,
UBS AG
Chairman, President/CEO,
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