SUCH DEMAND THAT IS PAID BY US SHALL REDUCE
THE AMOUNT AVAILABLE UNDER THIS LETTER OF CREDIT.
THIS LETTER OF CREDIT IS TRANSFERABLE. ANY TRANSFER REQUEST MUST BE PRESENTED TO
US WITH THE ATTACHED FORM TOGETHER WITH THE ORIGINAL LETTER OF CREDIT. TRANSFERS
TO DESIGNATED FOREIGN NATIONALS AND/OR SPECIALLY DESIGNATED NATIONALS ARE NOT
PERMITTED AS BEING CONTRARY TO THE U.S. TREASURY DEPARTMENT OR FOREIGN ASSETS
CONTROL REGULATIONS. ALL TRANSFER CHARGES ARE FOR THE ACCOUNT OF THE
BENEFICIARY.
WE ENGAGE WITH YOU THAT DRAFTS DRAWN UNDER AND IN CONFORMITY WITH THE TERMS AND
CONDITIONS OF THIS CREDIT WILL BE DULY HONORED ON PRESENTATION IF PRESENTED ON
OR BEFORE THE EXPIRATION AT OUR COUNTERS AT 60 WALL STREET, 25th FLOOR, NEW
YORK, NY 10005 ATTN.: TRADE AND RISK SERVICES DEPARTMENT..
PRESENTATION OF A DRAWING UNDER THIS LETTER OF CREDIT MAY BE MADE ON OR PRIOR TO
THE THEN CURRENT EXPIRATION DATE HEREOF BY HAND DELIVERY, COURIER SERVICE, OR
OVERNIGHT MAIL.
IN THE EVENT THAT THE ORIGINAL OF THIS LETTER OF CREDIT IS LOST, STOLEN,
MUTILATED, OR OTHERWISE DESTROYED, WE HEREBY AGREE TO ISSUE A DUPLICATE ORIGINAL
HEREOF UPON RECEIPT OF OUR STANDARD AFFIDAVIT OF THE LOSS, THEFT, MUTILATION, OR
OTHER DESTRUCTION OF THE ORIGINAL HEREOF.
THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS (2007 REVISION), INTERNATIONAL CHAMBER OF COMMERCE - PUBLICATION 600.
VERY TRULY YOURS,
DEUTSCHE BANK AG,
NEW YORK BRANCH
2
ATTACHMENT "A"
TO LETTER OF CREDIT NO. 839BGC0600161
REQUEST FOR TRANSFER OF LETTER OF CREDIT IN ITS ENTIRETY
Deutsche Bank AG,
Date:
New York Branch
60 Wall Street
25th Floor
New York, NY 10005-2858
Attn: Trade and Risk Services
Re: Deutsche Bank AG, New York Branch Irrevocable Standby Letter of Credit No.
For value received, the undersigned beneficiary hereby irrevocably transfers to:
NAME OF TRANSFEREE
ADDRESS OF TRANSFEREE
CITY, STATE/COUNTRY ZIP
(hereinafter, the "transferee") all rights of the undersigned beneficiary to
draw under above letter of credit, in its entirety.
By this transfer, all rights of the undersigned beneficiary in such Letter of
Credit are transferred to the transferee and the transferee shall have the sole
rights as beneficiary hereof, including sole rights relating to any amendments,
whether increases or extensions or other amendments and whether now existing or
hereafter made. All amendments are to be advised directly to the transferee
without necessity of any consent of or notice to the undersigned beneficiary.
The original of such letter of credit is returned herewith, and we ask you to
endorse the transfer on the reverse thereof, and forward it directly to the
transferee with your customary notice of transfer.
In payment of your transfer commission in amount equal to the lesser of
(i) $1,500.00 and (ii) the greater of (A) 1⁄4% of the amount transferred and
(B) $500.00.
Select one of the following:
o we enclose a cashier's/certified check
o we have wired funds to you through
bank
o we authorize you to debit our account #
with you, and in addition thereto, we agree