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Upon such notice to you, you may draw drafts on us at sight for an amount not to exceed <br />the balance remaining in this Letter of Credit within the then applicable expiry date, <br />accompanied by your dated statement purportedly signed by one of your officials reading as <br />follows: <br />"The amount of this drawing USD $ under (Name of Bank) Letter of Credit <br />number represents funds due us as we have received notice from (Name of Bank) of <br />their decision not to extend Letter of Credit Number for an additional year." <br />All correspondence and any drawings hereunder are to be directed to (NAME AND <br />ADDRESS OF BANK) <br />We hereby agree with you that drafts drawn under and in compliance with the terms and <br />conditions of this Letter of Credit will be duly honored. <br />This Letter of Credit is subject to the International Standby Practices (ISP98), <br />International Chamber of Commerce Publication No. 600. <br />This Letter of Credit shall be governed by, and construed in accordance with, the laws of <br />the New York, without regard to principles of conflict of laws. <br />Authorized Signature (Bank) <br />