BANK GUARANTEE TEXT

DRAFT BANK GUARANTEE

LETTER OF GUARANTEE NO:

CURRENCY: USD / EUROPEAN UNION EUROS
AMOUNT: $ / E ……000,000,000.00
ISSUED AT:
ISSUE DATE:
MATURITY DATE:
BENEFICIARY:
PASSPORT NO:
PASSPORT ISSUE COUNTRY: INDIA
ADDRESS INDIA.
ISSUING BANK:
BANK ADDRESS:
TRANSACTION CODE:
CUSIP NO

FOR VALUE RECEIVED BY US, WE, THE UNDERSIGNED XXXXX XXXX XXXX
XXXXX, WITH FULL BANK RESPONSIBILITY AND AUTHORITY HEREBY
IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST OR NOTIFICATION
UNDERTAKE TO PAY AGAINST THIS CASH BACKED BANK GUARANTEE # IN
FAVOR OF ………………… AND/OR ………….. AT MATURITY DATE THE SUM OF
……….. MILLION USD / EUROPEAN UNION EUROS ($ / E ……..000,000,000.00) UPON
PRESENTATION AND SURRENDER OF THIS BANK GUARANTEE AT THE COUNTERS
OF XXXXXX BANK OR OUR CORRESPONDING AND CONFIRMING BANK.

SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND

CLEAR OF ANY DEDUCTIONS, CHARGES, FEES OR WITHHOLDINGS OF ANY
NATURE, PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED,
WITHHELD OR ASSESSED BY THE GOVERNMENT OF REPUBLIC OF INDIA AND/OR
ANY POLITICAL SUB-DIVISION OR AUTHORITY THEREOF OR THEREIN.

THIS BANK GUARANTEE IS ASSIGNABLE, DIVISIBLE AND TRANSFERABLE

WITHOUT ANY PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY
TRANSFER FEES.

THIS BANK GUARANTEE IS GOVERNED BY THE UNIFORM CUSTOMS AND

PRACTICE (UCP) FOR STANDBY LETTERS OF CREDIT AS SET FORTH BY THE
INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE AND LATEST
REVISION OF PUBLICATION NO.500/600 AS AMENDED.

THIS IS AN OPERATIVE INSTRUMENT.

FOR AND ON BEHALF OF XXXXXX

AUTHORIZED SIGNATORY AUTHORIZED SIGNATORY