Surety Bond

SURETY BOND Whereas Abdul Qadeer S/o Muhammad Tahir Resident of Village Gul Muhammad Shahani Tehsil Dadu District Dadu to be referred to hereinafter as appointee, has been selected for appointment on contract basis as JUNIOR ENGINEER (ELECTRICAL) in terms of appointment letter No. 9090/GMH/Admn/EI-D/ dated 15-12-2007 and the appointee has accepted the appointment. In terms thereof, and Whereas one of the conditions for employing him on contract as Junior Engineer (Electrical) according to the letter of appointment, referred to above, is that he will furnish surety bond in the sum of Rs. 50,000/- (Rupees Fifty Thousand Only) along with a surety in the like amount for the due and faithful discharge of his duties as a Junior Engineer (Electrical) under the Pakistan Water & Power Development Authority for contract period from the date of this assuming the charge of his duties. 2.

KNOWN

ALL

MEN

BY

THESE

PRESENTS

that

we,

the

appointee

and

_________________________________(Name of Surety) S/o ________________________________ Resident of __________________________________________________________________________ and _______________________________(Name of Surety) S/o _______________________________ Resident of ______________________________________________________________ (hereinafter called Sureties) in consideration of the selection of our heirs, executors administrators, to pay the Pakistan Water and Power Development Authority or its successors or assigns upon demand and without demur the sum of Rs. 50,000/- (Rupees Fifty thousand only) as calculated to be the honest and genuine pre-estimate of the damages that the Authority may suffer in consequence of the failure of appointee to perform and fulfill the duties and to serve under the Authority for not less than contractual period from the date of assuming the charge of this duties. 3.

The condition of the surety is that the amount aforesaid shall be paid to the Authority as liquidated

damages and not as penalty in the event of the breach of contract by appointee in not serving the Authority duly and faith fully for contractual period commencing from the date of assuming the charge of his duties under the Authority.

4. If the appointee shall faithfully perform the conditions so to serve the Authority this surety shall become null and void, otherwise the same shall remain in full force and effect. 5. Signed by the above bonder and the two sureties conscious of Allah’s command contained in Sura Bani Israil Verse 34 that is “And Fulfill (Every) Engagement will be enquired into (on the day of reckoning)” (compulsory for Muslims). Non Muslims may delete at their choice, reference to Allah’s command and above para in their case shall therefore, be worded as under. “Signed by the above bounder and the Sureties, conscious of the fact that (Every) engagement is to be fulfilled”. Surety No. 1 Signature __________________ Name (Block Letter) ________________________ Full Address ______________________________ _________________________________________

Appointee Signature ________________________ Name (Block Letter)____________________ Full Address __________________________ _____________________________________

Surety No. 2 Signature __________________ Name (Block Letter) ________________________ Full Address ______________________________ _________________________________________ Witness No. 1 Signature __________________ Name (Block Letter) ________________________ Full Address ______________________________ _________________________________________

Witness No. 2 Signature ________________________ Name (Block Letter)____________________ Full Address __________________________ _________________________________

Certified that contents of the surety Bond have been read over and explained to the executants i.e. Mr. Abdul Qadeer S/o Muhammad Tahir (Appointee) and M/s _________________________________ and ____________________________________ (Sureties) which they have testified as correct. The executants were identified before me by Mr. ___________________________________ and satisfied that each Surety is a solvent person and a man of sufficient means to pay the amount of Surety Bond in Case of breach of the Bond.

MAGISTRATE 1ST CLASS