ZHEN

10 Anson Road #10-11 International Plaza Singapore 079903

Incorporated in Singapore ACRA 200912392C

Buyer Bank co-ordinate to issue SBLC and to receive 2% PB from Seller’s assigned beneficiary bank

BANK NAME
BANK ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
BANK OFFICER NAME
BANK EMAIL
BANK TEL
BANK IBAN NO
BANK SWIFT CODE

Buyer Bank co-ordinate to issue MT-103 TT Wire Transfer to Seller’s assigned beneficiary bank

BANK NAME
BANK ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER
BANK OFFICER NAME
BANK EMAIL
BANK TEL
BANK IBAN NO
BANK SWIFT CODE

Note: Verbiage of SBLC MT-760 attached in page 2

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 ZHEN
10 Anson Road #10-11 International Plaza Singapore 079903
Incorporated in Singapore ACRA 200912392C

Annex C
Verbiage of SBLC MT-760

DATE :

FROM :

TO : NOMURA SINGAPORE LIMITED

[SNOMSGSGXXX]

IRREVOCABLE STANDBY LETTER OF CREDIT NO. [ ]

FOR USD US$ 26,250,000.00
________
WE HEREBY AUTHORISE YOU TO DRAW ON [ ] BY ORDER OF [ ] (THE “APPLICANT”) AND FOR
ACCOUNT OF THE SAME UP TO AN AGGREGATE AMOUNT OF U.S. DOLLARS TWENTY SIX MILLION TWO
HUNDRED FIFTY THOUSAND ONLY (USD 26,250,000.00 ) AVAILABLE BY PAYMENT UPON YOUR DEMAND BY
AUTHENTICATED SWIFT MESSAGE STATING THAT:

- [ ] HAS DEFAULTED IN REPAYING THE INDEBTEDNESS DUE TO THE BENEFICIARY UNDER CREDIT
FACILITIES EXTENDED TO THEM BY THE BENEFICIARY.

PARTIAL DRAWINGS ARE ALLOWED AND THE VALUE OF THIS STANDBY LETTER OF CREDIT SHALL
AUTOMATICALLY BE REDUCED BY THE AMOUNT CLAIMED BY YOU AND PAID BY US.
THIS STANDBY LETTER OF CREDIT SHALL EXPIRE AT 6 P.M. [SINGAPORE TIME] ON XX, JANUARY 2025.

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 ZHEN
10 Anson Road #10-11 International Plaza Singapore 079903
Incorporated in Singapore ACRA 200912392C

ALL CHARGES INCURRED BY THE APPLICANT’S BANK ARE FOR THE ACCOUNT OF THE APPLICANT. ALL CHARGES
INCURRED BY THE BENEFICIARY’S BANK ARE FOR THE ACCOUNT OF THE BENEFICIARY.

YOU SHALL NOT TRANSFER YOUR RIGHTS, OR ASSIGN THE PROCEEDS, UNDER THIS STANDBY LETTER OF CREDIT
WITHOUT OUR PRIOR WRITTEN CONSENT.

THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES ISP 98
(INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 590) AND SHALL, TO THE EXTENT NOT GOVERNED
BY ISP 98, BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SINGAPORE. THE PARTIES
SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF SINGAPORE.

FOR AND ON BEHALF OF: ( ) BANK

BANK OFFICER’S ELECTRONIC SIGNATURE
FOR (FULL NAME, ADDRESS AND BRANCH OF BANK)

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