hier Md (7724) es LAHORE TRANSPORT COMPANY LTC Bo ef: /e81/2016/470 Dated: 14/06/2016 Mr. Kamran Faso (CEO, M/s Kotaoge Concepts, 298: Block, Pave, Commercial ze, OHA, | Ashore ene SUBJECT: - TERMINATION OF LETTER.OF ACCEPTANCE ‘with deference to tender dated 290% Aol, 2016 of Lahore Transport Company therenater referred as i “LIC, your fam pantipated and was decared as successful bidder. Therefore, LTC sued 2 letter of | ‘Acceplance bearing Ref No, LTC/EBI/2016/454 dated 12 May, 2016 © your respective ‘company/organiaation for Advertisement Rights of Bus Stop Sheers along with Repair & Maintenance, Security and Pretecion of hus Stop Passenger Shelters in eanneion'with scope of werk dine inthe a6P. "tis to affirm hat the duly issued Letter of Acceptance which had Been cbcevad gros at aceite by hays. Koleage Concepts. Your respective company has wolated Gause 4 ()() long withthe terme and conditions of LOA by net providing the performance guarantee within stipulated tine despite several reminders-mais/telephone coeversaions (etter of Acceptances hereby atached 3 Annexure). ‘As Mis Kole Concept Put eed has aed to undertake and pesform the task mentioned in Csuze {), 306 others, ofthe LOA, LICIstah the follwing actions, with immeilate effect accordance with ‘Clause 4 (ofthe toa LUCisterminating/eancoting the LOA, wit immediate eee 4 LTCis hereby foreting the bi security ameunting 208565000: 2. FC shalintiote proceedings azins ts, Kllaage Concepts inorder to recover an arkount of Rs £8.528,754/- forthe payment of sdveriement rights utes by Mls Kellagge Concepts 3. LTC i Mocklstng, your orgaizavorveompany, sid & ako inating other orgenkations regarding your unprofessional and uneshcatatude, so that they may act fa accordance therewith 4. Moreover LT shall take over possession af the Bus Shas, which are inthe possession of Mi, ‘olloage Concens. You ac, therefore, iastucted to hand over the possesion af the us sheds to LTC in good working coneition a mentioned in the RFP, and to pay the rental atmount duly mentioned above, immediately q Copy t: 2. PPRA~Punjab