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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Buckey who wrote (89197)1/9/2005 3:04:44 PM
From: scion  Read Replies (1) of 122087
 
The issuance of this guarantee is permitted according to the laws of the Federal Republic of UK.

Guarantee Specimen 1.

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Guarantee No.
We have been informed that you are prepared to grant ____________________, hereinafter"borrower", a credit facility up to the amount of ______________, provided repayment of the credit under that facility is guaranteed by a bank.

This being premised, we, __________________________, hereby irrevocably undertake to pay you without delay on your first written demand an amount up to

_____________________

(say: ___________________________)

including accrued interest and other credit costs, provided you confirm to us at the same time in writing that the amount required from us constitutes the outstanding credit amount (including accrued interest and other credit costs) which the borrower, in spite of your respective demand, has failed to repay when due.

This guarantee shall expire, even if this document is not returned, on _____________, unless your written demand under this guarantee in accordance with the above-mentioned conditions has reached us in _____________by the end of that day.

This guarantee is assignable only with our consent.

The issuance of this guarantee is permitted according to the laws of the Federal Republic of UK.

All rights and obligations arising from this guarantee shall be governed by the laws of the Federal Republic of UK

Bank




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