Bank Guarantee

AlUANCE BANK
Tempat dikeluarkan
Place of issue
* Muka surat 1 daripada 3
Page of
No. Jaminan Bank 029BGA0495979
Bank Guarantee No.
Memihak kepada
Favouring PETRONAS GAS
Untuk amaun
For amount of BERHAD RM30,000-00
Tarikh
Dated 11 th June 2004
PETRONAS GAS BERHAD (Company No. 101671-H)

Slrnh Alam Regional Office
Lot 1, Jalan Jemuju Lima 16/13E
40200 Shah Alam
Selangor Darul Ehsan
Dear Sirs,
Bank Guarantee No : 029BGA0495979
THIS AGREEMENT is made on the 10 th June 2004 between ALLIANCE BANK MALAYSIA
BERHAD (Company No. 88103-W) (hereinafter called the "Guarantor'') of 1 st Floor, Menara
Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur of the
one part and PETRONAS GAS BERHAD (Company No. 101671-H) (hereinafter called the
"PGB") of the other part.
WHEREAS
1. In consideration of PGB allowing TERBIT KELANA DEVELOPMENT SON BHD

(Company No. 594783-M) (hereinafter referred to as the "Developer") of Lot 3.10, 3rd
Floor, Plaza Metro, Jalan Meru, 41050 Klang, Selangor Darul Ehsan or its servants,
agents, employees, contractors to cross over the existing gas pipeline for the Proposed
Earthworks For Mixed Development Held Under Title No. H.S.(D) 85382, P.T. No. 45857
Measured 49.37 Acres At Mukim Kapar, Daerah Klang, Selangor Darul Ehsan the
Guarantor hereby irrevocably and unconditionally guarantees and undertakes the
payment to PGB, as principal debtor and not merely as surety, on first demand, fee
of offsets or counter claims, with our restrictions or conditions and notwithstanding
any contestation objection, arbitration, legal proceedings or protest by the Developer or
by any other third party such sums of money not exceeding the sum of RINGGIT
MALAYSIA: THIRTY THOUSAND ONLY (RM30,000.00) which may at any time be
claimed by PGB if the Developer, or it contractors, their respective employees or
agents shall while performing the Earthworks cause any damage to any of the PGB
Pipelines or other properties at Mixed Development Held Under Title No. H.S.(D) 85382,
P.T. No. 45857 Measured 49.37 Acres At Mukim Kapar, Daerah Klang, Selangor Darul
Ehsan (hereinafter called "the Said Event") resulting in PGB incurring loss or
damage. The Guarantor shall pay on first demand within seven (7) days after receipt of :
Alliance Bank Malaysia Berhaci (88103-W)

No. 1. 40461 • No. muka surat, No. laminan Bank, Nama benefisiari, Ama un dan Tarikh mesti dilengkapkan oleh cawangan pengeluar.
The Page No., Bank Guaranree No., Benefiáary's name, Amount and Date must be completed by the issuing bra'nch.
AlUANCE BANK
Tempat dikeluarkan
Place of issue
Page of
Bank Guarantee No.
Memihak kepada
Favouring PETRONASGASBERHAD
Untuk amaun
For amount of RM30,000-00
Tarikh
h
Dated 11 t June 2004
i) the writing demand from PGB stating that the Developer has become liable to
pay PGB the sum stated in the demand being the amount of loss or damage
incurred by PGB as a result of the Said Event, and
ii) the certification in writing by PGB's authorized engineer or other authorized

signatory confirming that the Said Event has occurred. Provide always that the
total of ali demands, whether partial or the full amount under this Bank
Guarantee so made shall not exceed the sum of RINGGIT MALAYSIA: THIRTY
THOUSAND ONLY (RM30,000.00) and that the Guarantor's liability to pay PGB
as aforesaid shall correspondingly be reduced proportionate to any partial
demand having been made and paid as aforesaid.
2. The Guarantor shall not be discharged or released from this Bank Guarantee by any
arrangement between the Developer and PGB in whatever with or without consent of the
Guarantor or by any alteration in the obligations undertaken by the Developer or by any
forbearance whether as to payment, time, performance or otherwise.
3. This Bank Guarantee is a continuing security and shall be irrevocable and remain valid
effective from 14TH JUNE 2004 until 13TH JUNE 2005. Whereupon this Guarantee will be
of no further effect whether or not returned to the Guarantor for cancellation.
4. This Bank Guarantee shall bind the Guarantor and PGB and their respective
successors in-title and assigns for the above mentioned sum, notwithstanding any
amalgamations, merger, reconstruction or any change in the constitution of the parties.
5. The liability of the Guarantor shall not be affected nor shall this Bank Guarantee be
discharged or diminished by reason of any change whatsoever in the constitution of the
Developer or by the Developer's liquidation or winding up or any legal limitation,
disability, incapacity or similar circumstance relating to the Developer.
6. The Guarantor hereby waives notice of acceptance and execution of this Bank
Guarantee by PGB.
7. This Bank Guarantee shall be governed by and construed exclusively in accordance with
the laws of Malaysia.

AlUANCE BANK
Tempat dikeluarkan
Place of issue
Page of
Bank Guarantee No.
Memihak kepada
Favouring PETRONASGASBERHAD
Untuk amaun
For amount of RM30,000-00
Tarikh
Dated 11 th June 2004
Notwithstanding the expiry of the Bank Guarantee on 13TH JUNE 2005, the Guarantor
hereby agrnes that PGB is sti/I authorized to submit any demand/claims to the Guarantor,
which shall be accepted by the Guarantor if the demands/claims are submitted within 30 days
from the expiry date. Demands/claims, if any, must be made in writing and received by the
Guarantor on or before 13TH JULY 2005.
Accordingly ali claims, demands and notices under and pursuant to the Guarantor must be
received by us on or before the aforesaid date, failing which our liabilities in respect thereof
shall be discharged and we are absolved from any obligation thereunder.
Given under our hand the date first above mentioned.
Signed for and on behalf of

Alliance Bank Malaysia Berhad (88103-W)
Trade Finance Centr , Kuala Lumpur
Authorized Signatures


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AlUANCE BANK

PETRONAS GAS BERHAD (Company No. 101671-H)

Bank Guarantee No : 029BGA0495979

1. In consideration of PGB allowing TERBIT KELANA DEVELOPMENT SON BHD

Alliance Bank Malaysia Berhaci (88103-W)

ii) the certification in writing by PGB's authorized engineer or other authorized

Alliance Bank Malaysia Berhaci (88103-W)

Given under our hand the date first above mentioned.

Signed for and on behalf of

Alliance Bank Malaysia Berhaci (88103-W)

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