This Letter of Credit will establish a credit line in a specific amount. This letter sets out the name of the bank customer on whose account the letter is drawn, the exact amount and the beneficiary under the credit letter. It also sets out the event which lead to the letter being written and the term of this credit letter. It is imperative that this type of business letter be clearly set out in writing. A written Letter of Credit will prove invaluable if the customer defaults under an obligation and the beneficiary must draw on the customer's credit line.

This Letter of Credit includes the following:

• Letter of Credit Information: Line of Credit number, name of bank customer and amount of credit letter;
• Beneficiary: Sets out the beneficiary under the credit letter, amount of credit letter and amount the holder is authorized to draw on the bank under this letter;
• Credit Event: Sets out the event under which this letter of credit is written (i.e., failure to fulfill past obligation);
• Term: Sets out the length of time in which the letter of credit shall continue and if renewals are automatic;
• Signature: This letter of credit must be signed by authorized signatories of the bank.

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This attorney-prepared packet contains:

1. General Instructions
2. Letter of Credit

State Law Compliance: This form complies with the laws of all states