Private and Confidential
Mr Costas Voutras
Travel Mood Limited
Mimet House
5a Praed Street
London
W2 1NG

										10 July 2007 

Dear Costas,

TRAVELMOOD LIMITED EXECUTIVE PENSION SCHEME

I completed the returns and application regarding the sale of land from you to your pension scheme. 

HMRC may require an undertaking to confirm that the liability for repayment of the borrowings falls on you personally, however I will get this drafted up if they require it. I noted when finalising the documentation that the valuation document refers to a map of the two plots clearly delineated. I will require a copy of that since it forms part of the sale agreement. With the exception of that item this concludes the transaction. 

I attach our invoice for the transfer in of your SIPP from Legal & General plus the documentation and arrangement of the sale of land, as per our terms of business.

The final item I enclose is a nomination of beneficiary form. This is an instruction to the scheme to direct the payment of death benefits in accordance with your wishes in the event of your death before retirement. Where this occurs with a one person scheme, an independent Trustee will be appointed to pay out those death benefits. Would you please complete and sign this, keep the original and return a copy to me. 

Yours sincerely

Gavin McCloskey
For Pension Practitioner .Com