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ON BANK LETTERHEAD

To: Interhome Group

RE: Bank confirmation of RWA and SBLC TEXT

Dear Sirs,

We, (Bank Name), herewith confirm with full bank


responsibility, that we, agree that the below TEXT of the RWA
is satisfactory and will be issued by swift on our official bank
endorsed letterhead immediately after the signing of the
contract by the buyer. We also confirm that the below TEXT of
the SBLC is also satisfactory and (buyer name) currently is
financially capable of issuing this exact text of the Instrument
when required.

Payment Instrument
IRREVOCABLE, UNCONDITIONAL, UNRESTRICTED, UNENCUMBERED, DIVISIBLE,
TRANSFERABLE, REVOLVING STAND-BY LETTER OF CREDIT IN FAVOUR OF THE SELLER.
The Irrevocable Revolving Stand-By Letter of Credit should be issued, confirmed and
guaranteed by a top 50 prime world bank acceptable to the Seller.

ARTICLE 13:
WORDING OF THE

LETTER OF CREDIT NO:


DATE OF MATURITY: xx (xxxx xxxx) MONTHS FROM THE DATE OF ISSUE
DATE OF EXPIRATION: 30 DAYS FROM THE DATE OF MATURITY
AMOUNT: US$ xx,000,000 (xxx xxxxxx MILLION UNITED STATES DOLLARS)
BENEFICIARY: INTERHOME

WE, BANK OF __(ISSUING)__, _(CITY)_ BRANCH, ON BEHALF OF ___ (APPLICANT) ____, THE APPLICANT,
HEREBY OPEN THIS IRREVOCABLE, UNCONDITIONAL, UNRESTRICTED, UNENCUMBERED, DIVISIBLE,
TRANSFERABLE, REVOLVING LETTER OF CREDIT IN FAVOUR AND FOR THE CREDIT OF INTERHOME THE
BENEFICIARY, AMOUNTING TO THE TOTAL VALUE OF USD xx,000,000 (xxx xxxx MILLION UNITED STATES
DOLLARS).

THIS L/C WILL BE REVOLVING EVERY MONTH FOR xx MONTHS AND TO THE MONTHLY VALUE OF USD
x,xxx,000 (xxx MILLION AND xxxx HUNDRED AND xxxxx THOUSAND UNITED STATES DOLLARS) AND WILL
CONTINUE REVOLVING UP TO THE TOTAL VALUE OF USD xx,000,000 ( xxxx xxxxx MILLION UNITED
STATES DOLLARS).

THIS L/C IS AVAILABLE FOR PAYMENT AGAINST THIS L/C TO INTERHOME OR TO THE BONAFIDE BEARER OR
HOLDER THEREOF BY BENEFICIARY’S FIRST WRITTEN DEMAND AFTER MATURITY DATE, BY KEY TESTED
TELEX, OR KEY TEST SWIFT MESSAGE DRAWN ON BANK OF __ (ISSUING) ___, ___(CITY) __ BRANCH
MATURING ON MONTH/20XX. PAYMENT WITHOUT DELAY IN UNITED STATES OF AMERICA DOLLARS. SUCH
PAYMENT SHALL BE MADE WITHOUT SET-OFF, FREE AND CLEAR OF ANY DEDUCTION, CHARGE, FEE OR
WITHHOLDING OF ANY NATURE NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD, OR
ASSESSED BY THE GOVERNMENT OF __ (COUNTRY OF ISSUING BANK) ___ OR ANY SUBDIVISION OR
AUTHORITY THEREOF OR THEREIN.

THIS L/C IS TRANSFERABLE WITHOUT PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY
TRANSFER FEE OR NOTIFICATION TO US. THIS L/C SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF (ISSUING BANK COUNTRY).

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ON BANK LETTERHEAD

WE HEREBY ENGAGE WITH THE DRAWERS, ENDORSERS, AND BONAFIDE HOLDERS OF DRAFTS DRAWN
UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BE DULY HONORED, PAID IN FULL, AT
SIGHT ON PRESENTATION TO US. PAYMENT IS AVAILABLE FROM US OR AT THE COUNTERS OF AN
AUTHORIZED CORRESPONDENT ON THE DUE DATE, AND PRIOR TO THE EXPIRY DATE, UPON THE
BENEFICIARY OR TO THE BONAFIDE BEARER OR HOLDER THEREOF’S FIRST WRITTEN DEMAND, BY KEY
TESTED TELEX, OR KEY TEST SWIFT MESSAGE.

THIS CREDIT IS SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES - ISP98, INTERNATIONAL CHAMBER
OF COMMERCE PUBLICATION NO. 590.

THIS IS A CALLABLE, OPERATIVE INSTRUMENT. ALL CHARGES ACCRUE TO THE ACCOUNT OF THE
APPLICANT. NO HARD COPIES WILL FOLLOW.

BY: ____________________________ BY: ____________________________


AUTHORIZED BANK SIGNATURE AUTHORIZED BANK SIGNATURE

OFFICIAL SEAL OF THE BANK

CONFIRMING BANK (BANK OF _____________)

RE: STAND-BY LETTER OF CREDIT NUMBER________________

WE, BANK OF ______________________, HEREBY ADD OUR CONFIRMATION TO THIS GUARANTEE AND HEREBY
ENGAGE WITH THE BENEFICIARY, THE LEGAL DRAWERS OR BONA FIDE AND LAWFUL HOLDERS OF THIS
STAND-BY LETTER OF CREDIT THAT PAYMENT DEMAND DRAWN IN COMPLIANCE OF THE TERMS HEREOF
SHALL BE FULLY HONORED AND PAID IN FULL AT SIGHT ON DUE DEMAND.

BANK OF ________________________ BANK SEAL

------------------------------------------ ------------------------------------------
BANK OFFICIAL SIGNATURE BANK OFFICIAL SIGNATURE

*** THIS STAND-BY LETTER OF CREDIT MUST BE ISSUED VIA SWIFT WITH FULL BANK RESPONSIBILITY***

ARTICLE 13A: WORDING OF THE READY, WILLING AND ABLE LETTER FROM
BUYER’S BANK TO SELLER’S BANK

ON BUYERS BANK LETTERHEAD

NN
Address :
E mail :

Addressed to :

Subject: Letter of Readiness related to ……client name…….

We, Bank Xxxxxxxxxx, herewith confirm with full bank responsibility, that we,
irrevocably undertake to issue in favour of Interhome one Irrevocable, Revolving
Transferable, Stand-by Letter of Credit as per text attached herewith and in
the amount of USD xx.000.000 (xx xxxx Million United States Dollars), and this
Irrevocable, Revolving Transferable, Stand-by Letter of Credit will be issued not later
than 72 hours after receipt of the Proof of Product from the Seller’s Bank to Buyer’s
Bank by SWIFT MT 799 for the contracted volume of xxx,000,000/mt product as per
Contract signed and exchanged Under Ref. Number xxx/xx/xx/xxxxx/ dated xxth of
________ 2008.

__________ , 2008

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ON BANK LETTERHEAD

Official Stamp of the Bank

Seal and Signature Seal and Signature


Bank Officer 1 Bank Officer 2

By signing below, we hereby verify that our bank has no


problem with the wording of the above TEXT and will issue
them upon the buyer’s instruction to do so.

Official Stamp of the Bank

Seal and Signature Seal and


Signature
Bank Officer 1 Bank Officer
2

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