According to No

According to No. Contract (hereafter referred to as “Contract”) signed between you and the applicant______ (hereafter referred to as “Applicant”) in contract-signing place on the day of , 20 , we, the Bank, hereby issue the Performance Guarantee in favor of the beneficiary, and undertake to pay you any sum or sums not exceeding in total an amount of _________________ (currency type, in words), i.e. ％ of contract value, to guarantee the applicant will perform the obligations under the contract on schedule

In the case that the Applicant cannot fulfill its obligations under the Contract on schedule, we will pay the amount recorded in the notice of claim to you within 7 bank working days upon receiving the documents that conform to the following conditions. However, the amount of one single claim or the total amount of all claims in the notice(s) of claim(s) shall not exceed the maximum amount of this Performance Guarantee. The responsibilities of our bank under this Performance Guarantee are subject to the maximum guaranteed amount

Claim documents: (1) Notice of Claim signed by the legal representative of your party or authorized representative by this legal representative; (2) Statement of Default signed by the legal representative of your party or authorized representative by this legal representative

The maximum amount guaranteed under this Performance Guarantee shall be reduced automatically and progressively as the completion percentage of the Contract increases. Our responsibilities under this Performance Guarantee shall not exceed ％ of the amount that equals to the obligations not fulfilled under the Contract. The completion progress of the Contract shall be subject to the certificate we receive issued by independent third party

This Guarantee takes effect on the date of being signed, and expires on the day of , 20 . Any claim must be received by us before or on the expiration date. After the expiration date, whether the original copy of this Guarantee is returned to us or not, this Guarantee becomes invalid automatically

Without our written permit, the guarantee obligations of us shall be ceased if you and the applicant agree to modify the Contract or the appendixes thereof

Without the consent of our Bank, this Guarantee shall not be transferred

This Guarantee is subject to Chinese laws. Any disputes under this Guarantee shall be under the control of the local court in the place where our bank is located