EFFECTIVE IMMEDIATELY AND EXPIRING AT OUR
[INSERT: ADDRESS] OFFICE, WITH OUR CLOSE OF BUSINESS ON [INSERT: DATE ONE YEAR
FROM DATE OF ISSUANCE].
FUNDS UNDER THIS LETTER OF CREDIT ARE AVAILABLE TO YOU AGAINST YOUR CLEAN SIGHT
DRAFT ON US MENTIONING THEREON OUR CREDIT NO.
. NO DOCUMENTS REQUIRED.
IF WE RECEIVE YOUR DRAFT AS MENTIONED ABOVE HERE AT OUR [INSERT: BANK STREET
ADDRESS] OFFICE, PRIOR TO OUR CLOSE OF BUSINESS ON [INSERT: DATE ONE (1) YEAR
FROM DATE OF ISSUANCE], AS SUCH DATE SHALL BE EXTENDED BY RENEWAL(S) OF THE TERM
OF THIS LETTER OF CREDIT, WE WILL PROMPTLY HONOR SAME. PARTIAL DRAWINGS ARE
PERMITTED.
THIS LETTER OF CREDIT SHALL BE AUTOMATICALLY RENEWED FROM YEAR TO YEAR UNTIL THE
EARLIER OF (X) [INSERT: DATE WHICH IS NOT LESS THAN 60 DAYS FOLLOWING THE
EXPECTED EXPIRATION DATE OF THE LEASE] OR (Y) TERMINATION BY THE UNDERSIGNED BY
NOTICE TO YOU (AND AT YOUR OPTION, NOTICE TO AN ADDITIONAL PARTY DESIGNATED BY
YOU) OF NOT LESS THAN NINETY (90) DAYS PRIOR TO THE THEN EXPIRATION DATE OF THIS
LETTER OF CREDIT.
THIS LETTER OF CREDIT IS TRANSFERABLE MULTIPLE TIMES. ALL TRANSFER CHARGES ARE
FOR OUR CLIENT'S ACCOUNT.
EXCEPT AS FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS LETTER OF CREDIT IS
SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (1993
REVISION) INTERNATIONAL CHAMBER OF COMMERCE PUBLICATIONS NO. 500.
[NAME OF BANK]
AUTHORIZED SIGNATURE
EXHIBIT 3
Tenant's Initial Work
1. Upgrade ceiling tiles in large conference room (to be our EBC) "largest room
in the suite"
2. Add glass wall between EBC and demo room (previously referred to as a Data
Center) "office next to largest room in the suite"
3. Paint walls and ceiling in demo room dark grey
4. Add black VCT to the demo room
5. Install sound proof wall between the rooms. Same wall as glass wall.
6. Install ceiling mount projector
7. Add 24/7 A/C in the demo room
8. Install card key access system (subject to Section 3.09 of the Lease)