SBLC HC DRAFT

REFERENCE NUMBER: XXXX

ISSUING DATE: XXXX

ISSUING INSTITUTION: ASIA PACIFIC INVESTMENT BANK LTD

ADDRESS: SUITE 07-01, 7TH FLOOR, MENARA KECK SENG, 203 JALAN BUKIT BINTANG, 55100 KUALA LUMPUR,
MALAYSIA

TO: GROUPE EXIM INTEGRATION

ADDRESS: YOFF APECSY 11 VILLA 243, DAKAR SENEGAL

STANDBY LETTER OF CREDIT (SBLC) NO.: XXXXXXXXX

WE, ASIA PACIFIC INVESTMENT BANK LTD, SUITE 07-01, 7TH FLOOR, MENARA KECK SENG, 203 JALAN BUKIT
BINTANG, 55100 KUALA LUMPUR, MALAYSIA. HEREBY ESTABLISH THIS IRREVOCABLE STANDBY LETTER OF CREDIT
('SBLC') NO.: XXXX IN FAVOR OF GROUPE EXIM INTEGRATION.

AT THE REQUEST OF OUR CLIENT MERCHANT TRADE GUARANTEE CORPORATION CO LTD., (MTGC) ON BEHALF
OF DIALLO TRADING INTERNATIONAL SARL (THE APPLICANT), WHICH EXPRESSION SHALL MEAN AND INCLUDE
ITS SUCCESSORS AND ASSIGNS) FOR EUR 1,250,000.00 (ONE MILLION TWO HUNDRED FIFTY THOUSAND EUROS
ONLY) TO SECURE ALL AMOUNTS DUE AND PAYABLE AND/OR WHICH MAY BECOME DUE AND PAYABLE FROM
TIME TO TIME BY THE APPLICANT TO THE BENEFICIARY, RELATED TO ANY UNDERLYING DOCUMENTATION
BETWEEN THE APPLICANT AND THE BENEFICIARY (THE 'FACILITY DOCUMENTS').

WE HEREBY IRREVOCABLY AGREE AND UNDERTAKE TO IMMEDIATELY, UPON FIRST WRITTEN COMPLIANT
DEMAND APPROVED BY US BEFORE PRESENTATION BY OUR SWIFT MT799 CONFIRMING DEFAULT, MAKING THIS
GUARANTEE AVAILABLE FOR DRAWING, CREDIT THE FULL AMOUNT(S) DEMANDED BY THE BENEFICIARY TO THE
ACCOUNT OF GROUPE EXIM INTEGRATION ACCOUNT NUMBER SN079 01101 251164963001 69 OR ANY OTHER
ACCOUNT AS SPECIFIED IN THE SAID COMPLIANT DEMAND.

SUCH PAYMENT SHALL BE MADE, UPON RECEIPT BY OURSELVES OF YOUR FIRST WRITTEN REQUEST TO DEMAND
WITHOUT SET OFF AND SHALL BE FREE AND CLEAR OF ANY DEDUCTIONS OR CHARGES, FEES OR WITHHOLDINGS
OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED THEREIN
OR THERE OF.
.
WE AGREE TO MAKE PAYMENT UNDER THIS SBLC, IMMEDIATELY UPON WRITTEN COMPLIANT DEMAND
COUNTERSIGNED BY ISSUER FROM THE BENEFICIARY NOTWITHSTANDING:
(I) ANY CONTESTATION AND/OR OBJECTION BY THE APPLICANT OR ANY OTHER PERSON IN RESPECT THEREOF,
INCLUDING DUE TO A DISPUTE UNDER THE FACILITY DOCUMENTS
(II) ANY AMENDMENT TO THE FACILITY DOCUMENTS AND/OR (I) ANY INVALIDITY OR UNENFORCEABILITY OF
THE FACILITY DOCUMENTS OR THE GRANTING OF ANY TIME OR OTHER INDULGENCE IN RELATION TO THE
FACILITY.

WE HEREBY WAIVE ALL RIGHTS WHICH WE HAVE OR MAY HAVE UNDER APPLICABLE LAWS OR OTHERWISE, IN
RELATION TO THE SBLC AND/OR THE FACILITY, WHICH OPERATE TO DISCHARGE OUR LIABILITY TO THE
BENEFICIARY UNDER THIS SBLC.

PARTIAL CLAIMS CAN BE MADE UNDER THIS SBLC AND THERE CAN BE MULTIPLE PARTIAL CLAIMS, PROVIDED
HOWEVER THAT THE SUM OF ALL PARTIAL CLAIMS UNDER THIS SBLC WILL NOT EXCEED OUR MAXIMUM LIABILITY
AS STATED BELOW.

ANY PAYMENT DEMAND HEREUNDER SHALL BE MADE BY THE BENEFICIARY IN WRITING STATING THEREON THE
SBLC NUMBER AND THE DEMAND AMOUNT.

REF: EUR/SBLC/04-05/1123.HC.JA
THIS SBLC IS VALID UP TO XX.XX.2023 AND OUR MAXIMUM LIABILITY UNDER THE SBLC SHALL NOT EXCEED EUR
1,250,000.00 (ONE MILLION TWO HUNDRED FIFTY THOUSAND EUROS ONLY) ANY DEMAND UNDER THIS SBLC.

THIS STANDBY LETTER OF CREDIT IS SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDIT (LATEST REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.: 600. FULL DETAILS TO
FOLLOW UPON RECEIPT OF APPLICANT’S ACCEPTABLE INSTRUCTIONS AND APPLICANT’S FULFILLMENT OF
OBLIGATION TOWARDS THE ISSUING BANK.

PLEASE SEND ALL CLAIMS AND NOTICES TO US AT SUITE 07-01, 7TH FLOOR, MENARA KECK SENG, 203 JALAN
BUKIT BINTANG, 55100 KUALA LUMPUR, MALAYSIA.

THIS IS TO CONFIRM THAT THIS UNDERLYING TRANSACTION IS NOT DIRECTLY OR INDIRECTLY RELATED TO IRAN,
SYRIA, CUBA, NORTH KOREA, RUSSIA, CRIMEA OR ANY OFAC SANCTIONED ENTITY OR INDIVIDUAL.

ALL CHARGES AND EXPENSES IN CONNECTION WITH THIS INSTRUMENT OUTSIDE THE ISSUER ARE TO THE DEBIT
OF THE APPLICANT.

PAYMENT OF THESE CHARGES MAY NOT BE WAIVED.

THIS CREDIT HAS BEEN FACILITATED VIA CREDIT LINES OF MERCHANT TRADE GUARANTEE CORPORATION CO
LTD., (MTGC) ADDRESS: LEVEL 23, MENARA EXCHANGE 106, LINGKARAN TRX, TUN RAZAK EXCHANGE, 55188
KUALA LUMPUR, MALAYSIA WITH ASIA PACIFIC INVESTMENT BANK LTD., LABUAN, MALAYSIA AND MTGC IS TO
BE INCLUDED AS A NOTIFY PARTY IN THIS TRANSACTION.

FOR AND ON BEHALF OF

ASIA PACIFIC INVESTMENT BANK LTD
KUALA LUMPUR, MALAYSIA
..

REF: EUR/SBLC/04-05/1123.HC.JA