The Manager

Bank AL Habib Ltd – Bilal Road Branch,

(City)
EXPORT UNDERTAKING

Dear Sir,

The said export transaction relates to sale of Beauty Cream (3304) (description of goods) for a value of 72000 USD with our
client LAKSHMIPATI & SONS, Dubai, UAE as per mutually agreed contract / Proforma Invoice No .LI 001 dated October 26, 2021
with payment term on DP documents against payment credit for days 90 against Acceptance / Trust Receipt.
I am very much satisfied with the credentials, sound financial standing and good repute of our client LAKSHMIPATI & SONS and
confirm their bona fide.

I further confirm that:

1. The merchandise being exported falls under HS Code Number(s): 3304, is freely exportable / not subject to export
license / does not contravene any of the provision of the aforesaid rules and regulations and where required we have
obtained necessary authorization from Ministry of Commerce/Trade Development Authority of Pakistan or from any
other relevant Government Department which we enclose herewith in Original (if needed).
2. We are commercial exporter / registered as an Industrial Unit with Trade Development Authority of Pakistan and hold
valid export registration (GST Certificate) and membership of a recognized trade association.
3. I am fully aware and suitably conversant with all the valid and applicable rules and regulations governing exports from
Pakistan as per the directives of State Bank of Pakistan in the Foreign Exchange Manual, yearly Export Policy Order(s)
issued by Ministry of Commerce and other concerned government agencies in all respect and consequently fully
understand our responsibility to ensure timely settlement of exports / sale proceeds in accordance with agreed terms
not later than the prescribed time period allowed by the State Bank of Pakistan and other regulatory requirements.
4. I shall ensure to timely submit to you all the required shipping documents for onward dispatch to concerned foreign
bank or submission to State bank of Pakistan.
5. I am familiar with the list of sanctioned countries / entities with which trade transactions / dealings in any manner
either directly or indirectly are proscribed and that neither us nor any of our agent(s) will handle/ be involved in any
transaction / deal / shipment relating to any manner with any of the sanctioned countries / and as aforesaid we are
satisfied that certainly no sanctioned / proscribed beneficial owner is involved in our dealing with our client
LAKSHMIPATI & SONS.
6. I will never involve ourselves in any trade transaction of banned items as per Negative List of the Government of
Pakistan.
7. I confirm that the contracted price of the exported goods is in line with the current International market price without
any significant variance.
8. I confirm that Origin of goods are Pakistani and if shipments contain any foreign components it shall not belong to any
sanctioned country or entity/producer, directly or indirectly, in any manner. Further, the port of loading and Port of
discharge are exactly as mentioned in Certified Form-E and during voyage the ship does not call any sanctioned
countries / ports and discharge the exports consignment at any port of any banned / sanctioned countries.
9. I will not affect any shipment through any shipping company which itself is sanctioned or owns or operates
sanctioned vessels or any shipping company which operates under the flag of any sanctioned country directly or
indirectly in any manner.
10. I confirm that the port of discharge of goods is Port Qasim Karachi as mentioned on the Master Bill of Lading /
Shipping Documents.

I also undertake that if our client LAKSHMIPATI & SONS refuses to accept the goods, I shall either make immediate
arrangements for shipping the goods back to Pakistan or find alternate buyer with the approval of the State Bank of Pakistan.
However, I understand that prior approval of the State Bank of Pakistan will not be necessary in case where the consignment
initially refused is taken up finally by the original consignee or an alternate buyer provided that payment for the consignment is
not less than 90% of its original value less actual demurrage charges, if any. Further in case where our client defaults in making
payment after taking delivery of the goods against their Acceptance or Trust Receipt, I undertake and confirm of being the
prime responsible for initiating legal action against our client LAKSHMIPATI & SONS.
In pursuance of our above statements, I hereby agree and undertake to indemnify and hold Bank AL Habib Limited harmless
and indemnified against any, loss (financial or reputational), damages, claims, litigations, enquiries, liabilities, charges, expenses
and / or cost which may be suffered or incurred as a result of any information is found incorrect, false or ambiguous and / or
any document submitted by us is found to be forged / fake / counterfeit. In the event, if any legal action(s) is / are to be taken
by Bank AL Habib Limited, I irrevocably state our No Objection for such legal action(s) and undertake to pay for all and
whatsoever be the cost of such legal action(s)/ proceedings till satisfactory conclusion of the issue involved therein and in this
connection you are authorized to debit our Account No. 01220981006149015 wherein I shall ensure to make available
necessary funds for such purpose.

Yours faithfully,
Muhammad Ahmed
Proprietor
Lyallpur International

Authorized Signatory