APPLICATION AND AGREEMENT FOR IRREVOCABLE STANDBY LETTER OF CREDIT/LETTER OF GUARANTEE BRANCH DATE October 23, 2003 BANK REFERENCE NUMBER
Exhibit 10.19
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IRREVOCABLE STANDBY LETTER OF CREDIT/LETTER OF GUARANTEE | |||
| BRANCH |
DATE October 23, 2003 |
BANK REFERENCE NUMBER | ||
| 1. Please x issue ¨ amend
x By airmail/Courier Original to: ¨Branch x Applicant ¨ Beneficiary (Place “X” in one box only) ¨ By Teletransmission
For my/our account the following:
x Irrevocable Standby Letter of Credit Subject to: ¨ UCP ¨ ISP (Place “X” in one box only)
¨ Irrevocable Letter of Guarantee |
2. Applicant (For Account Of)
Xxxxxx Mineral Exploration | |||
| 3. Beneficiary (In Favour Of)
Banco Sud AMERICANO |
4. Amount in words (specify currency)
Two Million Dollars
Amount in figures $2,000.000.00 | |||
| 5. Expiry date of guarantee/L/C May 10, 2004 | Expiry date of counterguarantee (IF APPLICABLE) | |||
6. Details including purpose, documentation required and special conditions, if any.
Irrevocable Stanby Letter of Credit is to satisfy the Bank Guarantee requirement of June 10, 2003, Option Contract for the transfer of mining concessions entered into between Empresa Minera del Centro del Peru, S.S. and Minera Peru Copper Syndicate s.a. with the intervention of Investment Promotion Agency- Proinversion, Peru Copper Syndicate LTD. Funds for this Bank Guarantee are being advanced by Xxxxxx Mineral Exploration LLC.
| ¨ Suggested Proforma attached duly signed bearing reference to this application. | ||||||
| FOR BANK USE ONLY
Debit drawings to DDA Account # _____________ (CAD/USD)
Commission Rate _____________
Customer Data Maintenance Form Supplied/Attached (delete one)
Customer SLC/LG ID # _____________
OLL INFORMATION
OLL Account # ________________________
BLT Transit # ______________
Booked as Financial / Non-Financial (delete one)
OTHER LIABILITY LOAN NUMBERS
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The Undersigned hereby requests The Bank of Nova Scotia (the “Bank”) to issue or amend its Irrevocable Standby Letter of Credit or Irrevocable Letter of Guarantee substantially in compliance with specifications noted above. If the Bank authorizes the issuance or amendment of its Irrevocable Standby Letter of Credit or Irrevocable Letter of Guarantee, its counter guarantee or supporting letter of credit, the Undersigned agrees to be bound by the terms and conditions set out on the reverse hereof.
Company Name (where applicable)
Xxxxxx Mineral Exploration LLC.
Company Contact to clarify instructions
J. Xxxxx Xxxxxx
Telephone Number: 000-000-0000
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| Customer Liability under SLC_______ Curr___________________
Customer Liability under LG________ Curr___________________
AUTHORIZED SIGNATURE AUTHORIZED SIGNATURE
_______________________ _________________________ |
X | /s/ J. Xxxxx Xxxxxx Customer signature
___________________________________ Customer signature
(IN CASE OF INCORPORATED COMPANIES AND OTHER ORGANIZATIONS THIS FORM MUST BE SIGNED BY PROPERLY AUTHORIZED OFFICIALS) | ||||
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NUMBER NUMBER
_______________________ _________________________ |
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