20 Billion - PGL-1
20 Billion - PGL-1
DATE 2/6/2024
***PS: AS SOON THE BANK RECEIVER, RECEIVE THE TRANSFER FUNDS, AS SOON THEY
WILL PROCEED TO THE PAYMENT AS AGREED IN THIS PGL CONDITIONAL.
I, Mr. John Schmidt, holder Passport of – Germany No.: C8TF5H6ZK director and legally representing
« Luxus Urlaub Holding GmbH », address at: Rheinstraße 5, Ettlingen, Baden-Wu rttemberg,
Germany , acting with full legal and corporate responsibility as the “Payer” of the Investment Funds,
hereby irrevocably and unconditionally, without protest or notification, without prejudice, recourse or
delay guaranteeto pay the fees entitled to the beneficiaries listed on this document, via SWIFT MT103
Wire transfer and simultaneously upon the receipt of each and every cash funds credit to our corporate
account (but in anycase not later than within 3 banking days after receipt of funds to our Bank’s Account).
This PGL is our irrevocable pay-order to the project developers and consultants is and shall remain an
intricate part of the above referenced Agreement between the Sender and the Receiver.
This PGL becomes effective only subject to receipt of first investment funds tranche transfer to our corporate
account. This pay order shall remain in effect until this transaction, including any renewals, extensions and
additions are fully completed.
All the tranches will be transferred as per agreed schedule below to the bank account designated by receiver,
as mentioned of t h i s A g r e e m e n t . This t r a n s f e r will be d o n e b e f o r e a n y o r d e r s ,
a g r e e m e n t s or arrangements of Investor come into effect. This pay order shall remain in effect
until this transaction, including any renewals, extensions and additions are fully completed.
TRANSACTION DETAILS:
CURRENCY: EUROS
TYPE OF FUNDS: (FOLDER M0) L2L TRANSFER ON-LEDGER FUNDS
TYPE OF TRANSFER: LEDGER-TO-LEDGER L2L TRANSFER INTERNAL SWAP
TOTAL AMOUNT: € 20,000,000,000.00 (TWENTY BILLION EUROS) WITH R&E
FIRST TRANCHE: € 20,000,000,000.00 (TWENTY BILLION EUROS)
INVESTOR’S BANK NAME: DEUTSCHE BANK AG
DISBURSEMENT: SWIFT MT-103 / WIRE TRANSFER (SAME DAY SETTLEMENT),
SEPA INSTANT OR TT FED WIRE-TRANSFER
This PGL Order, if transmitted by facsimile or electronic mail shall be considered an original, legally enforceable
document. Generally r e c o g n i z e d I n t e rn a t i o n a l S t a n d a r d s of N o n - C i r c u m v e n t i o n and N o n -
disclosure are applicable for a period of Five Years from the date of this document or the last date of the contract
including any renewals, extensions and additions are fully completed and we agree to respect those
We hereby declare that we are fully aware that the information received from you is in direct response to
our request and is not in any way considered or intended to be a solicitation of funds of any sort, or any
type of offering, and is intended for our general knowledge only.
We hereby affirm, under penalty of perjury, that we have requested information from you and your
organization by our choice and free will, and further that you have not s o l i c i t e d us in any w a y .
Intermediaries are NOT Advisors of any kind.
Parties to this agreement are independent contractors and all contemplated payments and/or
disbursements hereunder are divided interests. Nothing in this agreement construes or creates
a p a r t n e r s h i p or employer/employee relationship between or among the parties hereto. All taxes,
federal, state or other are the independent responsibility of each of the parties hereto.
The above stated codes and any other identification codes shall remain the same and shall not be changed
until this transaction including any renewals, extensions and additions are fully completed and we agree
to respect those. The transaction code may be amended only by agreement between all parties hereto.
This transmission via facsimile will be accepted as an original and I confirm that I have authority to execute
this Pay Order.
This PGL is legally binding on all Parties hereto, their principals, employees, representatives, agent sand
assigns in a l l c o u n t r i e s of t h e w o r l d , and is non -separable/integral p ar t of t h e a b o v e
r ef e r e n c e d Agreement No.: 08716253 4 4/07082 0/JJAA-8/2023* 01, and Transaction code:
DTC:GOSB/USCFL04082014
A copy of this Payment Guarantee Letter-Pay order will be forwarded to all beneficiaries. mentioned in this
agreement.
Additional requirements for sending bank remark in remittance application in your bank: "Funds are clean
and clear and of non- criminal origin”.
2/ APRTY A: BANK DETAILS TO RECEIVE TOTAL 2.5% (TWO POINT FIVE PERCENT) PAYMENT OF
COMMISSIONS F O R EACH TRANCHE ( CLOSED) O F PAYMENT O F FACE VALUE I N CL UD ING ROLLS
AN D EXTENSION TO BE FORWARD TO:
THE BENEFICIARIES HAS THE RIGHT TO CHANGE HIS NAME AND A BANK COORDINATE WITH PRIOR
NOTICE TO PAYOR.
THE BENEFICIARIES HAS THE RIGHT TO CHANGE HIS NAME AND A BANK COORDINATE WITH PRIOR
NOTICE TO PAYOR.
PAYMASTER: Beneficiary HUSSAIN AHMED HUSSAIN BAABOOD
Bank name: OPEN AN ACCOUNT IN THE IN THE SENDER BANK
PASSPORT COPY OF
BENEFICIARY
THE BENEFICIARIES HAS THE RIGHT TO CHANGE HIS NAME AND A BANK COORDINATE WITH PRIOR
NOTICE TO PAYOR.
THE BENEFICIARIES HAS THE RIGHT TO CHANGE HIS NAME AND A BANK COORDINATE WITH PRIOR
NOTICE TO PAYOR.
SPECIAL WIRE All Wire transfers shall incorporate above transfer instructions shall state:
INSTRUCTIONS Funds are clean and clear of non-criminal origin, and are payable by MT103
within one banking day upon receipt by P a y ma s t er ’ s B an k . All Wir e t
r a n s f er s shall incorporate above Text Message and a copy of Bank Wire
Transfer Swift copy shall be emailed to:
3/ APRTY B: BANK DETAILS TO RECEIVE TOTAL 2.5 % (TWO POINT FIVE PERCENT) PAYMENT OF
COMMISSIONS F O R EACH TRANCHE ( CLOSED) O F PAYMENT O F FACE VALUE I N CL UD I NG
ROLLS A ND EXTENSION TO BE FORWARD TO:
THE BENEFICIARIES HAS THE RIGHT TO CHANGE HIS NAME AND A BANK COORDINATE WITH PRIOR
NOTICE TO PAYOR.
4/ APRTY B: BANK DETAILS TO RECEIVE TOTAL 2.5 % (TWO POINT FIVE PERCENT) PAYMENT OF
COMMISSIONS F O R EACH TRANCHE ( CLOSED) O F PAYMENT O F FACE VALUE I N CL UD I NG
ROLLS A ND EXTENSION TO BE FORWARD TO:
THE BENEFICIARIES HAS THE RIGHT TO CHANGE HIS NAME AND A BANK COORDINATE WITH PRIOR
NOTICE TO PAYOR.
BENEFICIARY
Bank name:
PASSPORT COPY OF
BENEFICIARY
SIGN/SEAL
SIGN /SEAL
RECEIVER BANK OFFICER NAME (1): RECEIVER BANK OFFICER NAME (2):
TITLE: TITLE:
PIN: PIN: