BY
AN At1THORIZED SIGNATORY READING:
QUOTE
BENEFICIARY IS PERMITTED TO DRAI ON THIS LBTTER OF CREDIT UNDER THE EXPRESS
TBRMS OF THE LEASE, BY AND BETWEEN CARE.COM AND BP FOURTH AVENUE, l..L.C.
UNQUOTE
2. THE ORIGINAL OF THIS LETTER OF CREDIT AND ALL AMENDMENT (S), IF
ANY.
PARTIAL DRAWINGS ARE PERMITTED.
IT IS A CONDITION OP THIS LETTER OF CREDIT THAT IT IS DEEMED TO BE AUTOMATICALLY
EXTENDED WITHOUT AMENDMENT FOR PERIOD(S) OF ONE YEAR RACH FROM THE CURRRNT
EXPIRY DATE HEREOF, OR ANY FUTURE EXPIRATION DATE, UNLBSS AT LEAST SIXTY (60)
DAYS PRIOR TO l\.NY EXPIRATION Dl\.TE, WE NOTJ FY YOU BY REGISTERED MAH, OR
OVERNIGHT COURIER AT THE ABOVE
DRAFT
Bl\NK OF AMBRICA - CONFIDENTIAL
PAGE: 2
THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER:
•
LISTED ADDRF.SS THAT lB ELECT NOT TO CONSIDER THIS LETTER OF CREDIT EXTENDED FOR
ANY SUCH ADDITIONAL PERIOD .
ANY SUCH NOTICE SHALL BE EFFECTIVB WHBN SENT BY US AND UPON SUCH NOTICE TO YOU,
YOU MAY DRAW AT ANY TIME PRIOR TO THE THEN CURRENT EXPIRATION DATE. UP TO THE
J'ULL AMOUNT THEN AVAILABLE HEREUI-<"DER, AGAINST YOUR DRAFT (S) DRAWN ON US
ATSIGHT AND THE ORIGINAL OF THIS LETI'ER OF CREDIT AND ALL AMENDMENTS THERETO,
ACCOMPANIBD BY YOUR STATEMENT, SIGNBD BY AN AUTHORIZED SIGNATORY, ON YOUR
LETTERHEAD STATING THAT YOU ARE IN RECEIPT OF BANK OF AMERICA, N.A.'S NOTICE OF
NONEXTHNSION UNDER LETTER OF CREDIT NO.
AND THE APPLICANT 'S OBLIGATION TO
YOU REMAINS .
THIS LfTER OF CREDIT IS TRANSFERABLE IN FULL AND NOT IN PART. ANY TRANSFER MADE
HEREUNDER MUST CONFORM STRICTLY TO THE TBRMS HBRBOF AND TO THE CONDITIONS OF
RULE 6 OF THE INTERNATIONAL STANDBY PRACTICES (ISP98) FIXED BY THE
INTERNATIONAi.CHAMBER OF COMMERCE, PUBLICATION NO. 590 .
SHOULD YOU WISH TO EFFECT A TRANSFER UNDER THIS CREDIT, SUCH TRANSFER WILL BE
SUBJECT TO THE RETURN TO US OF THE ORIGINAL CREDIT INSTRUMENT, ACCOMPANIED BY
OUR FORM OF TRANSFER, PROPERLY COMPLETED FIND SIGNED BY AN AUTHORIZED SIGNATORY
OF YOUR FIRM. BEARING YOUR BANKERS STAMP AND SIGNATURE AUTHENTICAT ION. SUCH
TRANSFER FORM IS AVAILABLE UPON REQUEST. ALL TRANSFER FEES ARE FOR THE ACCOUNT
OF APPLICANT .
DRAFT (S) MUST STATE: "DRAWN UNDER BANK OF AMERICA, N.A. STA. BY L/C
DATED
DRAFTS AND DOCUMENTS MUST BB PRESENTED AT OUR OFPICB ADDRBSSBD: BANK OF AMERICA,
N.A., l PLEBT WAY, SCRANTON, PA 18507-1999, ATTN: GTO · STANDBY DEPT.
NB HEREBY AGREE WITH YOU THAT DRAFT(S) DRAWN UNDER AND IN COMPLIANCE WITH THE
TERMS OF THIS LETTBR OF CRBDIT SHALL BB DULY HONORBD UPON DUE PRESENTATION TO
US.
THIS LETTER OF CREDIT IS SUBJBC'l'TO THE INTERNATIONAL STA.'.n>BY PRACTICES
(ISP98), THE INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION NO. 590 Fu'n> THE
LAWS OF 'IHE COMMONWEALTH OF MASSACHUSETTS. IN THE EVENT OF A CONFLICT, THE
LAllS OF THE COMMONWEJ\LTH OF MASSACHUSETTS WILL PREVAIL.
IF YOU REQUIRE ANY ASSIS'IANCE OR HAVE ANY QUESTIONS REGARDING THIS
[bankofamerica.jpg]
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