TEXT OF THE INSTRUMENT
FOR THE VALUE RECEIVED, WE THE UNDERSIGNED __________________________ HEREBY IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST OR NOTIFICATION, PROMISE TO PAY AGAINST THIS STAND BY LETTER OF CREDIT NO.............TO THE ORDER OF THE BENEFICIARY THEREOF, AT DATE OF MATURITY, THE SUM OF ................. (___________________________) IN LAWFUL CURRENCY OF .................. UPON PRESENTATION AND SURRENDER OF THE GUARANTEE AT THE OFFICE OR ANY OFFICES OF _________________________________, UPON PRESENTATION AT MATURITY.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF FREE AND CLEAR OF ANY DEDUCTION, CHARGES, FEES, OR WITHHOLDING OF ANY NATURE, NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF THE ISSUING BANK OR ANY POLITICAL SUBDIVISION OF AUTHORITY THEREOF OR THEREIN.
THIS INSTRUMENT IS NEGOTIABLE, ASSIGNABLE AND TRANSFERABLE WITHOUT PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER OR ASSIGNMENT FEES. THIS GUARANTEE IS GOVERNED BY AND IS CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE COUNTRY OF THIS ISSUING BANK AND ISSUED IN ACCORDANCE WITH THE RULES, REGULATIONS AND PRACTICE FOR BANK GUARANTEES AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, LATEST REVISION OF PUBLICATION 500/600.