AGREED UPON WORDING BG

FORMAT OF BANK GUARANTEE 758

PROPOSED TEXT ONLY
FINAL VERBIAGE MAY VARY FROM BANK TO BANK
SWIFT MT760

SWIFT INPUT
SENDER
SWIFT CODE
AMOUNT
ACCOUNT NAME
ACCOUNT NUMBER
IBAN

RECEIVER
RECEIVER BANK
SWIFT CODE
REFERENCE
BANK GUARANTEE NUMBER
CURRENCY CODE
DATE OF ISSUE
DATE AND PLACE OF EXPIRY

------------------------------------------------SWIFT MESSAGE TEXT---------------------------------------------

WE HEREWITH OPEN OUR BANK GUARANTEE NUMBER (INTERNAL NUMBER) AS FOLLOWS:
FOR VALUE RECEIVED BY US, WE ______________________ HEREBY IRREVOCABLY AND
UNCONDITIONALLY AND WITHOUT PROTEST OR NOFITICATION PROMISE TO PAY AGAINST
THIS BANK GUARANTEE NUMBER (INTERNAL NUMBER) IN FAVOR OF
_____________________ OR THE HOLDER OR BEARER THEREOF ON MATURITY DATE OF
________________ THE SUM OF ONE BILLION USD ($1,000,000,000 USD) ONLY IN THE
LAWFUL CURRENCY OF USD UPON PRESENTATION TO US AND SURRENDER OF THE
ORIGINAL OF THIS GUARANTEE AT OUR COUNTERS ON MATURITY BUT NOT LATER THAN 15
CALENDAR DAYS AFTER THE MATURITY DATE.

SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND CLEAR OF ANY DEDUCTIONS,
CHARGES, FEES, TAXES, DUTIES OR WITHHOLDINGS OF ANY NATURE NOW OR HEREAFTER
IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF
______________ OF ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
THIS GUARANTEE IS FULLY CONFIMRED AND IS CASH BACKED, WILL NOT BE CHANGED,
ALTERED, AMENDED, IS FREE AND CLEAR OF ANY LIENS AND IS DIVISIBLE, TRANSFERABLE,
CALLABLE AND ASSIGNABLE WITHOUT PRESENTATION TO US OR PAYMENT OF ANY
TRANSFER OF ASSIGNMENT FEE.
THIS GUARANTEE IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES RULES FOR BANK
INSTRUMENTS IN ACCORDANCE WITH THE INTERNATIONAL CHAMBER OF COMMERCE
(PARIS/FRANCE) PUBLICATION NUMBER 758.
THIS GUARANTEE SHALL BE GOVERNED BY AND CUSTRUED IN ACCRODANCE WITH THE
LAWS OF THE UNITED STATES OF AMERICA.
THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.

AUTHORISED BANK OFFICER AUTHORISED BANK OFFICER

GROUP FINANCE DIRECTOR COMMERCIAL DIRECTOR
TITLE/PIN CODE TITLE/PIN CODE