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On Bank Letterhead

Date:

Ref:

NAME OF BANK Standard Bank of South Africa

ADDRESS OF BANK Benoni Johannesburg

BANK OFFICER’S NAME: Hennie Van Zyl

BANK OFFICER’S Mobile no + 27 83 3001324

ACCOUNT NUMBER  022437517

ACCOUNT NAME African Opal Trading ( Pty ) Ltd – AOT PTY LTD/ITBC GROUP IN JV

SWIFT NUMBER: SBZAZAJJ

We, “NAME OF BUYER’S BANK”, hereby confirm the financial capability of “NAME OF CLIENT” holder of the account No “XXXXX” with our bank since “YEAR”, having the credit criteria (Proper funds and/or credit facility) available, to ensure the successful completion of the purchase of Grey Portland Cement OPC 42.5 R or N for a total volume of XX,000 Mt yearly as per ICPO No “XXX” issued to your company.

We also irrevocably undertake that the banking instrument will have value equivalent to the monthly allocated quantities of XX,000Mt monthly as per the contract, according to the terms and conditions of which the “State Exact Banking instrument” is acceptable to the Seller/s.

We further confirm that the banking instrument will be opened immediately upon lodging of final contract signed between our client and the seller.

This information can be verified on a bank to bank basis.

For and on behalf

XXXXXXXXXXXXXX

………………………………………………. ……………………………………………….

Bank Officer Name 1 Bank Officer name 2

Position Position

Bank Seal

 

 

Elison Inc.

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