GT FOUNDATION
Date December 15th 2014,
To Michael Bellino / Bellino Equities LLC. Ref: Nordea Bank
As per my meetings and regards to the projects we are seeking funding on, I have confirmed with Nordea Bank the following details.
At your request please find the text of the bank Guarantee which upon your banker’s confirmation letter may be issued as a letter of Credit as per needed requirements. The bank Guarantee is ready to bank issued form Nordea bank Finland UK Branch.
This guarantee will be issued for one (1) year and on (1) day , the beneficiary is registered and approved to be GT Foundation; for an amount of 60 Million Euros (Sixty Million Euros) in one (1) tranche or in two (2) tranche of 30 Million Euros (Thirty Million Euros) each.
Due to the cost and project involved we must have your bankers advise and confirmation they are ready to receive and that your credit facility is available.
I am ready willing an able to provide full banker details for verification subject to receiving your Bankers Letter of Capability.
Thanks
Kumar Latchman Singh
President GT foundation
BANK GUARANTEE
Name of issuing bank : ………………………………
Issuing Bank address : ………………………………
Bank SWIFT Code : ………………………………
Bank Officer : ………………………………
Bank Guarantee Number : ………………………………
Beneficiary : ………………………………
Applicant : ………………………………
Currency : EURO
Amount : EURO
Issuing Date : .……………………………
Maturity Date : ……………………………
For the value received, We the issuing bank [Name Bank] hereby issue our irrevocable, unconditional transferable, assignable and divisible Bank Guarantee, and promise to pay without any protest our notification against This bank Guarantee to the order of [Name Beneficiary] , The bearer or holder thereof ,at maturity, The sum of EURO [ amount in number] ( EURO [ amount in words] million only) in the lawful currency of the European Monetary Union upon presentation and surrender of this Bank Guarantee at any of the counters of our bank [ name address of the issuing bank].
Such payment shall be made with out set-off and free and clear of any deductions , charges, fees, or withholding of any nature presently or in the future imposed, levied, collected, withheld or assessed by the government of [country of issue] or any political subdivision or authority and therein and thereof. This Bank Guarantee is divisible, assignable and transferable without presentation of it to us and without the payment of any transfer fees or charges.
We further confirm that this Bank Guarantee is good, clean, cleared of non-criminal origin and are form legal source and free of any liens and encumbrances.
This bank Guarantee is governed by the Uniform Customs and practice for bank Guarantee as set forth by the international Chamber of Commerce, uniform rules for demand guarantees, (ICC publication No.458).
This bank Guarantee shall be governed by and shall be construed in accordance with the constitution and laws of [name of the country of the issuance of the bank guarantee].
This bank guarantee is an operative instrument.
For and our behalf of [name of the issuing bank].
Authorized officer Authorized officer
[name of the bank officer [name of the bank officer
with letter and pin code] with letter and pin code]
[Seal of the Bank]