UNDERSIGNEDS LETTERHEAD // EXTERNAL COPIES MUST BE SENT IN PDF

Xx Date xx
Xx Full Details of Recipient xx

IN RE: Memorandum of Undertaking

The above matter refers and accordingly the duly authorized signatory to this undertaking,
on behalf of XXXcompany-nameXXX, confirms the terms herein contained;
It is hereby irrevocably and without condition guaranteed that the amount of XXXX (XXX
ZAR) being equal and consisting of a quantum representing the XXXsubstantive-reason-forundertakingXXX, including interest and admininstation costs, which shall be paid to
XXXrecipient-of-fundsXXX within 90 banking days from the date of signature, free of any
other obligations, deductions and/or encumbrances.
The above amount shall be payable to XXXrecipient-of-fundsXXX, or their nominated
beneficiary and/or nominated account, which may be located in a jurisdiction, nor restricted
to the Republic of South Africa, of their choice, subject to such a jurisdiction, nominee and/or
account held with a financial institution is not in contravention of the general statues and
laws concerned.
In the absence of further written notice, the amount of XXXX shall be deposited into the
trust account of:
It is further agreed that a certificate signed by XXXparty-effecting-paymentXXX or their
attorney, reflecting the balance of the amount owing in respect of this Memorandum of
Undertaking and the fact that same is due and payable will be sufficient proof for the
purposes of obtaining judgment enforcing the substantive merit of this undertaking.
In confirmation of your acceptance hereof, ratifying the terms applicable, we confirm that
the mentioned amount above shall be received in the nominated account, the details of such
being;
XXXXXX
XXXXXX
XXXXXX
I trust you find the above in order.

Yours sincerely

Authorized Signatory

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