THIS BANK GUARANTEE SHALL BE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF UNITED KINGDOM. THIS BANK GUARANTEE IS AN OPERATIVE INSTRUMENT.
THIS BANK GUARANTEE IS TRANSFERABLE, ASSIGNABLE AND DIVISIBLE WITHOUT PRESENTATION TO US.
THIS BANK GUARANTEE IS GOVERNED BY THE UNIFORM CUSTOMS AND PRATICE FOR BANK GUARANTEE AS SET FORTH BY
THE INTERNATIONAL CHAMBER OF COMMERCE, UNIFORM RULES FOR DEMAND GUARANTEES, (ICC PUBLICATION NO.458)
FOR AND ON BEHALF OF ROYAL BANK OF SCOTLAND
36 ST ANDREW SQUARE, EDINBURGH EH2 2YB UK