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1、TO:IndustrialandCommercialBankofChinaXXXBranch(THE“LENDER”)FROM:INDUSTRIALANDCOMMERCIALBANKOFCHINALIMITED,ZHEJIANGBRANCHATTHEREQUESTOF(THE“APPLICANT”)WHICHHASITSREGISTEREDADDRESSATWE,INDUSTRIALANDCOMMERCIALBANKOFCHINALIMITED,ZHEJIANGBRANCH,WITHOUROFFICEATH
2、EREBYISSUEINYOURFAVOURTHISIRREVOCABLESTAND-BYLETTEROFCREDITNO.()AMOUNTINGTOUSD(THEMAXIMUMAMOUNT)((SayUSDollar)).THISSTAND-BYLETTEROFCREDITISTOSECURETHEOBLIGATIONS(INCLUDINGBUTNOTLIMITEDTOANYINTEREST,COST,EXPENSESANDANYOTHERSUMS),FROMTIMETOTIME,DUEANDPAYABL
3、ETOYOUBY(THE“BORROWER”),WHICHHASITSREGISTEREDADDRESSATUNDERTHEFACILITYAGREEMENT(THE“FACILITYAGREEMENT”)WITHREFERENCENO.()DATED()AMOUNTINGTOUSD(SayUSDollar)FORTHEPURPOSEOFUPONOURRECEIPTOFYOURDEMANDBYAUTHENTICATEDSWIFTATOURCOUNTERNOTLATERTHANTHEEXPIRYOFTHISS
4、TAND-BYLETTEROFCREDIT,STATINGTHATTHEBORROWERHASFAILEDTOFULFILLITSPAYMENTORREPAYMENTOBLIGATIONSUNDERTHEFACILITYAGREEMENTANDTHEAMOUNTDRAWNBYYOUREPRESENTSTHEUNPAIDBALANCEOFINDEBTEDNESSDUETOYOUBYTHEBORROWER,WESHALLWITHIN(5)BANKINGDAYSPAYYOUTHEAMOUNTSPECIFIEDIN
5、EACHOFYOURDEMANDSPROVIDEDTHATTHEAGGREGATEAMOUNTDRAWNUNDERTHISSTAND-BYLETTEROFCREDITSHALLNOTEXCEEDTHEMAXIMUMAMOUNTAFORESAID.EXCEPTASEXPRESSLYSTATEDHEREIN,THISSTAND-BYLETTEROFCREDITISNOTSUBJECTTOANYAGREEMENT,CONDITIONORQUALIFICATION.OUROBLIGATIONSUNDERTHISLE
6、TTEROFCREDITSHALLBETHEINDIVIDUALOBLIGATIONS.ANYAMENDMENTORMODIFICATIONOFCONTENTS,OR,EXTENSIONORRENEWALWITHRESPECTTOTHEFACILITYAGREEMENTAFORESAIDCOULDONLYBEMADEWITHOURPRIORWRITTENCONSENT.THISSTAND-BYLETTEROFCREDITSHALLCOMEINTOEFFECTON(DATE/MONTH/YEAR)ANDITS
7、AMOUNTSHALLBEREDUCEDCORRESPONDINGLYASANDWHENPAYMENTSTHEREOFAREMADEBYTHEBORROWERPURSUANTTOTHEFACILITYAGREEMENTORBYUS.THISSTAND-BYLETTEROFCREDITSHALLEXPIREATOURCOUNTERONTHEEARLIEROF2(I),2014(DATE/MONTH/YEAR),(II)THETIMEWHENTHESECUREDSUMSUNDERTHEFACILITYAGREE
8、MENTASABOVEMENTIONEDHAVEBEENPAIDINFULLBYTHEBORROWER,(III)THETIMEWHENTHEREISNOAMOUNTREMAININGPAYABLEUNDERTHISSTAND-BYLETTEROFCREDIT.UPONEXPIRY,THISSTAND-BYLETTEROFCREDITSHALLAUTOMATICALLYBECOMENULLANDVOIDWHETH
