Bank Performance Guarantee Letter

Date: [Date]

To: [Beneficiary]

Dear Sir/Madam,

Re: Performance Guarantee for [Project/Contract]

We, [Bank Name], hereby issue this performance guarantee letter in favor of [Beneficiary] ("the Beneficiary"), for the purpose of ensuring the satisfactory performance and fulfillment of all obligations under the [Project/Contract] entered into between [Contractor/Supplier] ("the Principal") and the Beneficiary.

This guarantee is valid from the date of issuance until [Expiry Date], unless extended upon mutual agreement in writing. The maximum liability under this guarantee is [Amount in Numbers] [Currency].

In the event that the Principal fails to duly perform its contractual obligations, without any justified reason or legal right, the Beneficiary shall be entitled to draw on this guarantee and receive payment up to the maximum amount stated above, upon submission of a written demand accompanied by a statement specifying the default of the Principal.

The Beneficiary's demand for payment under this guarantee shall be made in writing and presented to our main office at the following address:

[Bank Name]

[Address]

[City, State, Zip Code]

[Country]

Such payment shall be made without any delay and within [Number of Days] days from the receipt of the Beneficiary's valid claim.

This guarantee shall remain in full force and effect until we receive a written notice from the Beneficiary confirming the satisfactory completion of the obligations under the [Project/Contract] mentioned above.

This guarantee is subject to the Uniform Rules for Demand Guarantees (URDG) as published by the International Chamber of Commerce (ICC), Publication No. [Publication Number].

This guarantee shall be governed by and interpreted in accordance with the laws of [Applicable Jurisdiction]. Any dispute arising out of or in connection with this guarantee shall be submitted to the exclusive jurisdiction of the courts of [Applicable Jurisdiction].

Please find attached our official seal and authorized signature.

Yours faithfully,

[Bank Name]

[Authorized Signatory]

[Designation]