FORM 1 OF STANDBY LETTER OF CREDIT

MT760
TO: BANK OF CHINA LIMITED, _____ BRANCH.

AT THE REQUEST OF ______________ ， WE HEREBY ISSUE OUR

IRREVOCABLE STANDBY LETTER OF CREDIT NO. _________ IN YOUR
FAVOR FOR UP TO THE AMOUNT OF USD___________(NOT LESS THAN
100% OF THE PRINCIPAL AMOUNT) PLUS THE ACCRUED INTEREST,
PENALTY INTEREST AND ANY OTHER FEES, EXPENSES WHICH ARE OR
MAY BECOME PAYABLE TO YOU BY _____________ (HEREUNDER
REFERED TO AS ‘THE BORROWER’) UNDER THE LOAN AGREEMENT NO.
_______ BETWEEN YOU AND THE BORROWER.

THIS STANDBY LETTER OF CREDIT IS AVAILABLE AGAINST

PRESENTATION OF YOUR TESTED TELEX OR SWIFT TO US STATING THAT
THE AMOUNT OF SUCH CLAIM(S) REPRESENTS AND COVERS THE
UNPAID BALANCE OF INDEBTEDNESS IN CONNECTION WITH YOUR
GRANTING LOAN FACILITY TO THE BORROWER.

UPON RECEIPT OF DOCUMENT DRAWN IN COMPLIANCE WITH TERMS

AND CONDITIONS OF THIS STANDBY LETTER OF CREDIT, WE SHALL,
WITHIN FIVE BANKING BUSINESS DAYS, REMIT THE PROCEEDS TO YOU
IN ACCORDANCE WITH YOUR INSTRUCTION.

THE BUYING RATE OF U.S.DOLLARS TO RENMINBI QUOTED BY BANK OF

CHINA LIMITED ON THE DATE OF YOUR DRAWING SHALL BE USED FOR
THE CALCULATION OF YOUR DRAWING AMOUNT.

PARTIAL DRAWINGS ARE ACCEPTABLE.

THIS STANDBY LETTER OF CREDIT WILL BE EFFECTIVE FROM ____ AND

EXPIRE ON ______ (ONE MONTH AFTER THE DUE DATE OF THE LOAN
AGREEMENT) AT THE COUNTER OF BANK OF CHINA LIMITED
_______BRANCH.

THIS STANDBY LETTER OF CREDIT IS SUBJECT OT UNIFORM CUSTOMS

AND PRACTICE FOR DOCUMENTARTY CREDIT (2007 REVISION), ICC
PUBLICATION NO. 600.
 FORM 2 OF STANDBY LETTER OF CREDIT

MT760
TO: BANK OF CHINA LIMITED, _____ BRANCH.

AT THE REQUEST OF ______________ ， WE HEREBY ISSUE OUR

IRREVOCABLE STANDBY LETTER OF CREDIT NO. _________ IN YOUR
FAVOR FOR THE PRINCIPAL AMOUNT IN U.S.DOLLARS EQUIVALENT TO
RMB_______, PLUS THE ACCRUED INTEREST, PENALTY INTEREST AND
ANY OTHER FEES, EXPENSES WHICH ARE OR MAY BECOME PAYABLE TO
YOU BY _____________ (HEREUNDER REFERED TO AS ‘THE BORROWER’)
UNDER THE LOAN AGREEMENT NO. _______ BETWEEN YOU AND THE
BORROWER.

THIS STANDBY LETTER OF CREDIT IS AVAILABLE AGAINST

PRESENTATION OF YOUR TESTED TELEX OR SWIFT TO US STATING THAT
THE AMOUNT OF SUCH CLAIM(S) REPRESENTS AND COVERS THE
UNPAID BALANCE OF INDEBTEDNESS IN CONNECTION WITH YOUR
GRANTING LOAN FACILITY TO THE BORROWER.

UPON RECEIPT OF DOCUMENT DRAWN IN COMPLIANCE WITH TERMS

AND CONDITIONS OF THIS STANDBY LETTER OF CREDIT, WE SHALL,
WITHIN FIVE BANKING BUSINESS DAYS, REMIT THE PROCEEDS TO YOU
IN ACCORDANCE WITH YOUR INSTRUCTION.

THE BUYING RATE OF U.S.DOLLARS TO RENMINBI QUOTED BY BANK OF

CHINA LIMITED ON THE DATE OF YOUR DRAWING SHALL BE USED FOR
THE CALCULATION OF YOUR DRAWING AMOUNT.

PARTIAL DRAWINGS ARE ACCEPTABLE.

THIS STANDBY LETTER OF CREDIT WILL BE EFFECTIVE FROM ____ AND

EXPIRE ON ______ (ONE MONTH AFTER THE DUE DATE OF THE LOAN
AGREEMENT) AT THE COUNTER OF BANK OF CHINA LIMITED
_______BRANCH.

THIS STANDBY LETTER OF CREDIT IS SUBJECT OT UNIFORM CUSTOMS

AND PRACTICE FOR DOCUMENTARTY CREDIT (2007 REVISION), ICC
PUBLICATION NO. 600.