(408) 654-7127), ATTENTION: STANDBY LETTER OF
CREDIT NEGOTIATION SECTION.
IN CASE DEMAND FOR PAYMENT HEREUNDER IS PRESENTED BY FACSIMILE TRANSMISSION,
PRESENTATION OF THE ORIGINAL OF SUCH DEMAND FOR PAYMENT IS NOT REQUIRED.
WE HEREBY ENGAGE WITH YOU THAT DRAFT(S) DRAWN AND/OR DOCUMENTS PRESENTED UNDER
AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT SHALL
BE DULY HONORED UPON PRESENTATION TO SILICON VALLEY BANK, IF PRESENTED ON OR
BEFORE THE CURRENT EXPIRATION DATE OF THIS LETTER OF CREDIT.
PAYMENT AGAINST CONFORMING PRESENTATIONS HEREUNDER PRESENTED PRIOR TO 10:00 A.M.
CALIFORNIA TIME SHALL BE MADE BY BANK DURING NORMAL BUSINESS HOURS OF THE BANK'S
OFFICE WITHIN TWO (2) BUSINESS DAYS AFTER PRESENTATION.
IF ANY INSTRUCTIONS ACCOMPANYING A DRAWING UNDER THIS LETTER OF CREDIT REQUEST
THAT PAYMENT IS TO BE MADE BY TRANSFER TO YOUR ACCOUNT WITH ANOTHER BANK, WE
WILL ONLY EFFECT SUCH PAYMENT BY FED WIRE TO A U.S. REGULATED BANK, AND WE
AND/OR SUCH OTHER BANK MAY RELY ON AN ACCOUNT NUMBER SPECIFIED IN SUCH
INSTRUCTIONS EVEN IF THE NUMBER IDENTIFIES A PERSON OR ENTITY DIFFERENT FROM THE
INTENDED PAYEE.
EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS LETTER OF CREDIT IS
SUBJECT TO THE INTERNATIONAL STANDBY PRACTICE ISP98, INTERNATIONAL CHAMBER OF
COMMERCE, PUBLICATION NO. 590.
SILICON VALLEY BANK,
(FOR BANK USE ONLY)
(FOR BANK USE ONLY)
THE WATER GARDEN
Cornerstone OnDemand, Inc.
G-3
EXHIBIT "A"
SIGHT DRAFT/BILL OF EXCHANGE
DATE:
REF. NO.
AT SIGHT OF THIS BILL OF EXCHANGE
PAY TO THE ORDER OF
US$
U.S.DOLLARS
"DRAWN UNDER SILICON VALLEY BANK, SANTA CLARA, CALIFORNIA, IRREVOCABLE STANDBY
LETTER OF CREDIT NUMBER NO. SVBSF
DATED
, 20
"
TO:
SILICON VALLEY BANK
3003 TASMAN DRIVE
SANTA CLARA, CA 95054
[INSERT NAME OF BENEFICIARY]
Authorized Signature
GUIDELINES TO PREPARE THE SIGHT DRAFT OR BILL OF EXCHANGE:
1. DATE
INSERT ISSUANCE DATE OF DRAFT OR BILL OF EXCHANGE.
2. REF. NO.
INSERT YOUR REFERENCE NUMBER IF ANY.
3. PAY TO THE ORDER OF:
INSERT NAME OF BENEFICIARY
4. US$
INSERT AMOUNT OF DRAWING IN NUMERALS/FIGURES.
5. U.S. DOLLARS
INSERT AMOUNT OF DRAWING IN WORDS.
6. LETTER OF CREDIT NUMBER INSERT THE LAST DIGITS OF OUR STANDBY L/C NUMBER THAT
PERTAINS TO THE DRAWING.
7. DATED
INSERT THE ISSUANCE DATE OF OUR STANDBY L/C.
NOTE: BENEFICIARY SHOULD ENDORSE THE BACK OF THE SIGHT DRAFT OR BILL OF EXCHANGE
AS YOU WOULD A CHECK (THIS MAY BE DONE VIA FACSIMILE AS PERMITTED BY THE STANDBY
L/C).
IF YOU NEED FURTHER ASSISTANCE IN COMPLETING THIS SIGHT DRAFT OR BILL OF
EXCHANGE, PLEASE CALL OUR L/C PAYMENT SECTION AND ASK FOR: JOHN DOSSANTOS AT
(408) 654-6274 OR ENRICO NICOLAS AT (408) 654-7127 OR EVELIO BARAIRO AT
(408) 654-3035 .
THE WATER GARDEN
Cornerstone OnDemand, Inc.
G-80
EXHIBIT "B"
DATE:
TO:
SILICON VALLEY BANK
3003 TASMAN DRIVE
RE:
IRREVOCABLE STANDBY
LETTER OF CREDIT
SANTA CLARA, CA 95054
NO.
ISSUED BY
ATTN:
INTERNATIONAL DIVISION.
SILICON
VALLEY BANK, SANTA CLARA
STANDBY LETTERS OF CREDIT
L/C AMOUNT:
GENTLEMEN:
FOR VALUE RECEIVED, THE UNDERSIGNED BENEFICIARY HEREBY