Common use of Bank Guarantee Clause in Contracts

Bank Guarantee. Borrower shall provide to MFGT a valid, unconditional and irrevocable bank guarantee for payment issued by a certified credit institution accepted by MFGT, of which: - the exclusive beneficiary shall be MFGT, and which - shall be in the amount: covering the market value of the Natural Gas Lent, that is EUR (that is euros.) which shall be calculated using the following formula: CEGH* Quantity Lent (MWh) where: CEGH: Market price on which the bank guarantee is based, being the higher value of the following: (i) 30 EUR/MWh; (ii) 150% of the daily “Settlement Price” published on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, rounded to 3 decimal digits in EUR/MWh. If on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, no daily “Settlement Price” is published in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, 150% of the last daily “Settlement Price” published in the "CEGH AT VTP Front Month Single Day Select" section for the month following the base month. xxxx://xxx.xxxx.xx/gas-futures-market In as far as the Borrower uses other storage service(s) and offered a bank guarantee as a payment collateral, the bank guarantee securing the fee of other storage services may not be set off from the bank guarantee amount due pursuant to this contract.

Bank Guarantee. Borrower shall provide to MFGT a valid, unconditional and irrevocable bank guarantee for payment issued by a certified credit institution accepted by MFGT, of which: - the exclusive beneficiary shall be MFGT, and which - shall be in the amount: covering the market value of the Natural Gas Lent, that is EUR (that is euros.) which shall be calculated using the following formula: CEGH* Quantity Lent (MWh) where: CEGH: Market price on which the bank guarantee is based, being the higher value of the following: (i) 30 EUR/MWh; (ii) 150% of the daily “Settlement Price” published on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, on the “xxxx://xxx.xxxx.xx/gas- futures-market” site, in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base monthmonth (hereinafter: section "CEGH AT VTP Front Month Single Day Select”), rounded to 3 decimal digits in EUR/MWh. If on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, no daily “Settlement Price” is published in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, 150% of the last daily “Settlement Price” published in the "CEGH AT VTP Front Month Single Day Select" section for the month following the base month. xxxx://xxx.xxxx.xx/gas-futures-market In as far as the Borrower uses other storage service(s) and offered a bank guarantee as a payment collateral, the bank guarantee securing the fee of other storage services may not be set off from the bank guarantee amount due pursuant to this contract.

Bank Guarantee. Borrower shall provide to MFGT a valid, unconditional and irrevocable bank guarantee for payment issued by a certified credit institution accepted by MFGT, of which: - the exclusive beneficiary shall be MFGT, and which - shall be in the amount: covering the market value of the Natural Gas Lent, that is EUR (that is euros.) which shall be calculated using the following formula: CEGH* Quantity Lent (MWh) where: CEGH: Market price on which the bank guarantee is based, being the higher value of the following: (i) 30 60 EUR/MWh; (ii) 150% of the daily “Settlement Price” published on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, on the “xxxx://xxx.xxxx.xx/gas- futures-market” site, in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base monthmonth (hereinafter: section "CEGH AT VTP Front Month Single Day Select”), rounded to 3 decimal digits in EUR/MWh. If on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, no daily “Settlement Price” is published in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, 150% of the last daily “Settlement Price” published in the "CEGH AT VTP Front Month Single Day Select" section for the month following the base month. xxxx://xxx.xxxx.xx/gas-futures-market In as far as the Borrower uses other storage service(s) and offered a bank guarantee as a payment collateral, the bank guarantee securing the fee of other storage services may not be set off from the bank guarantee amount due pursuant to this contract.

Bank Guarantee. Borrower shall provide to MFGT a valid, unconditional and irrevocable bank guarantee for payment issued by a certified credit institution accepted by MFGT, of which: - the exclusive beneficiary shall be MFGT, and which - shall be in the amount: covering the market value of the Natural Gas Lent, that is EUR (that is euros.) which shall be calculated using the following formula: CEGH* Quantity Lent (MWh) where: CEGH: Market price on which the bank guarantee is based, being the higher value of the following: (i) 30 20 EUR/MWh; (ii) 150% of the daily “Settlement Price” published on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, rounded to 3 decimal digits in EUR/MWh. If on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, no daily “Settlement Price” is published in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, 150% of the last daily “Settlement Price” published in the "CEGH AT VTP Front Month Single Day Select" section for the month following the base month. xxxx://xxx.xxxx.xx/gas-futures-market In as far as the Borrower uses other storage service(s) and offered a bank guarantee as a payment collateral, the bank guarantee securing the fee of other storage services may not be set off from the bank guarantee amount due pursuant to this contract.

Bank Guarantee. Borrower shall provide to MFGT a valid, unconditional and irrevocable bank guarantee for payment issued by a certified credit institution accepted by MFGT, of which: - the exclusive beneficiary shall be MFGT, and which - shall be in the amount: covering the market value of the Natural Gas Lent, that is EUR (that is euros.€, ( Euros) which shall be calculated using the following formula: CEGH* Quantity Lent (MWh) where: CEGH: Market price on which the bank guarantee is based, being the higher value of the following: (i) 30 EUR/MWh; (ii) 150% of the daily “Settlement Price” published on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, rounded to 3 decimal digits in EUR/MWh. If on the day MFGT receives the Borrower’s request for the conclusion of the Gas Loan contract, no daily “Settlement Price” is published in the "CEGH AT VTP Front Month Single Day Select” section for the month following the base month, 150% of the last daily “Settlement Price” published in the "CEGH AT VTP Front Month Single Day Select" section for the month following the base month. xxxx://xxx.xxxx.xx/gas-futures-market In as far as the Borrower uses other storage service(s) and offered a bank guarantee as a payment collateral, the bank guarantee securing the fee of other storage services may not be set off from the bank guarantee amount due pursuant to this contract.