Agreement+Indemnity

From:

AGREEMENT AND INDEMNITY

In consideration of your agreeing to cause to be opened Letters of Credit, Standby Letters of Credit and Letters of Guarantee (hereinafter collectively referred to as Banking instruments) for various am ounts in various currencies in the names of beneficiary’s designated as per our requests we hereby confirm, in writing, that the said transactions represent routine commercial business transactions. We agree to indemnify you against all expenses, losses, claims and damages arising on account of any Banking Instruments which you open or cause to be opened on our behalf or as per our requests and we further undertake to make good all losses claims and damages that may arise on account of any such transaction including but not limited to all out-of-pocket expenses and reasonable attorneys fees which you may incur. We understand that you are not acting as our agent and that you are an Independent Contractor.

We also agree that neither we nor the beneficiary nor any of our representatives, agents or attorneys shall contact you or the Banking Instrument issuing bank or Banking Instrument issuer or make any claim against any opened Banking Instrument or dispute any of the conditions of any opened Banking Instrument application duly approved by us.

We further irrevocably waive any refund from any Banking Instrument opening, any bank charges and commissions paid to you for any such transaction once any Banking Instrument is issued. We waive any claim for any lawsuit or claim in arbitration with regard to any such Banking Instrument.

The undersigned is fully aware that any neither you nor any Banking Instrument issuing institution will bear any responsibility for the terms of any Banking Instrument and shall not be made a party defendant in any dispute of any kind for refund of commissions or charges should any advising/negotiating Bank refuse to grant credit or advise any Banking Instrument to any beneficiary. The undersigned also agrees that it may be required to sign an indemnity agreement for any Banking Instrument Issuing Institution.

We acknowledge that the Banking Instrument that we will ask you to cause to be issued will be issued solely as an accommodation to us. Such Banking Instruments that you cause to be issued for us may require a special document, which will minimize your risk in transactions. The required documents will be noticed in the “document required” “other conditions” or other appropriate section of the Banking Instrument to be issued.

If and when you receive a request from the beneficiary of any of the Banking Instruments for any drawings, you shall have the right, in your sole and unfettered discretion and without obligation to us, to refuse such requests.

We agree that you shall have no obligation whatsoever to authorize any amendments to any issued Banking Instruments. If and when you receive a request from us for any amendments, you shall have the right, in your sole discretion and without obligation to us to refuse such a request. We further agree to indemnify and hold you harmless against any losses, damages or expenses you or we may sustain, including reasonable fees, in connection with the above mentioned Banking Instrument.

This Indemnity Agreement shall be irrevocable once signed.

Date: ……………….…….

clients name:

By: ……………….……….……….…….