FERFORMANCE GUARANTEE FORMAT(BANK LETTERHAD)

　　to: ____________(company name),a company incorporated under the laws of and having its registered office at ____________(hereinafter called' npog')

　　whereas

　　(1) by an agreement for the ____________(hereinafter referred to as the of the one part and npog of the other part, the contractor agrees to perform the works in accordance with the contract.

　　(2) one of the expressed conditions of the contract is the receipt by npog of this guarantee duly executed by (name of banker:) ____________(hereinafter called the ' guarantor') who hereby irrevocably and unconditionally guarantees and undertakes to npog as follows:

　　i) if the contractor shall in any respect fail to execute the contract or commit any breach of this obligations thereunder the guarantor shall pay to npog on first demand without