Letters of guarantee; These are the documents in the nature of a guarantee agreement that banks give to addressee institutions or individuals on matters such as the delivery of goods, the execution of a job or the payment of a debt in favor of their domestic or foreign customers.

 CERTIFIED  HARD  COPY  OF  THE  ORIGINAL   

BANK GUARANTEE        NO:

CURRENC: UNITED  STATES DOLLARS

AMOUNT : US$ UNITED  STATES DOLLARS ANLY)

ISSUED  AT:

ISSUE  DATE :

MATURITY DATE:

FOR  VALUE  RECEIVED,  WE  THE  UNDERSIGNED…………………………………………………………..

HEAD  OFFICE-TREASURY DIVISION,……………………………………………………………………………..,

HEREBY  ISSUE  OUR IRREVOCABLE, UNCONDITIONAL, TRANSFERABLE, DIVISIBLE

AND WITHOUT PROTEST  OR  NOTIFICATION  PROMISE  TO  PAY  AGAINST  THIS BANK  GUARANTEE  TO  THE  ORDER  OF MR………………………………………

PASSPORT  NO:……………………………….,THE BEARER  OR  HOLDER  THEREOF   WILL  BE  PAID,  AT  MATURITY………………………….. AND  ONE  DAY.  THE  SUM  OF  US$…………………………………..

MILLION  UNITED STATES  DOLLARS ONLY) IN THE LAWFUL  CURRENCY OF  THE  UNITED STATES OF  AMERICA.

UPON  PRESENTATION  AND  SURRENDER  OF  THIS BANK  GUARANTEE  AT  THE  OFFICE  OF  MR……………………………………………………………………), HEAD  OFFICE- TREASURY  DIVISION,

………………………………………………………………………, SUCH  PAYMENT  SHALL  BE  MADE  WITHOUT  SET-OFF  AND  CLEAR  OF  ANY DEDUCTIONS  OR  CHARGES,  FEES  OR  LEVIED, COLLECTED,  WITHHELD  OR  ASSESSED  BY  GOVERNMENT  OF  REPUBLIC  OF…………………………….OR ANY  POLITICAL SUB-DIVISION  OR  AUTHORITY  THERE OF OR THEREIN.

THIS  GUARANTEE  IS  SUBJECT  TO  THE  UNIFORM  CUSTOMS  AND  PRACTICE  FOR 

DOCUMENTARY  SECURITIES ( 1993 VERSION)  INTERNATIONAL  CHANBER  OF COMMERCE  PUBLICATION  NO: ICC – 500.

THIS  GUARANTEE  SHALL  BE GOVERNED  BY  SHALL  BE  CONSTRUED  IN  ACCORDANCE

WITH  THE  LAWS  OF …………………………..

FOR OND ON  BEHALF  OF

PRESIDENT  DIRECTOR                                                DIRECTOR