Isfahan Regional Water Company — appreciation letter

Certificate of Appreciation

To the respected Managing Director: Paya System Behestan

The growth and enhancement of security in administrative papers and documents owe much to the extensive and profound efforts of managers and specialists who have invested their knowledge, expertise and the precious years of their lives in the honor and development of the sacred system of the Islamic Republic of Iran.

The design and production of “anti-counterfeit documents for the Isfahan Province Regional Water Company” demonstrate your company’s commendable efforts and the commitment and capabilities of the specialists under your management.

I hereby express my sincere thanks and appreciation to your respected company for producing organizational anti-counterfeit documents that have helped us prevent forgery and the misuse of documents and contracts.

Masoud Mirmohammad Sadeghi — Chairman of the Board and Managing Director

Date: 1396/07/25 (Solar Hijri)