UBS Switzerland AG Standby Documentary Credit
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EX-10.34 47 ea187099ex10-34_perfect.htm UBS SWITZERLAND AG STANDBY DOCUMENTARY CREDIT
Exhibit 10.34
Our reference: 30GA-J79594-6FF9
31. May 2023
| :MT: | SWIFT Message Type | ||
| 760 Issue of a Demand Guarantee/Standby Letter of Credit | |||
| :IO: | Correspondents BIC / TID | HSBCHKHHHKH | |
| :II: | Own BIC / TID | UBSWCHZH80A | |
| :MP: | SWIFT Message Priority | N | |
| :15A: | Sequence A General Information | ||
| :27: | Sequence of Total | 1/1 | |
| :22A: | Purpose of Message | ISSU / ISSU Issuance of undertaking | |
| :15B: | Sequence B Undertaking Details | ||
| :20: | Undertaking Number | 30GA-J79594-6FF9 | |
| :30: | Date of Issue | 31.05.2023 | |
| :22D: | Form of Undertaking | STBY / Standby letter of credit | |
| :40C: | Applicable Rules | ||
| ISPR / The guarantee is subject to International Standby Practices | |||
| :23B: | Expiry Type | FIXD / Specified date of Expiry | |
| :31E: | Date of Expiry | 26.11.2023 | |
| :50: | Applicant | PERFECT MOMENT ASIA LIMITED | |
| HONGKONG / HONG KONG | |||
| :52A: | Issuer | UBSWCHZH80A | |
| :59A: | Beneficiary | HSBCHKHHHKH | |
| :32B: | Undertaking Amount | USD | 1’000’000.00 |
| :41F: | Available with … | UBSWCHZH80A | |
| :71D: | Charges | ||
| :45C: | Document and Presentation Instructions | ||
| Documents: | |||
| Beneficiary’s duly signed written or authenticated SWIFT demand | |||
| addressed to the Issuing Bank and reading as follows (completed | |||
| as appropriate): | |||
| Q u o t e | |||
| Attn. Guarantees Dept. | |||
| Your Irrevocable Standby Letter of Credit No. 30GA-J79594-6FF9 | |||
| in our favour | |||
| We, ... (beneficiary)…, hereby draw an amount of USD | |||
| … (amount)… under your aforementioned Standby Letter of | |||
| Credit. | |||
| We certify that the amount so drawn | |||
| a) is owing to us by the Applicant under a credit facility | |||
| granted by us to him, and | |||
| b) remained unpaid when due under the said facility. | |||
| … (beneficiary)… | |||
| U n q u o t e | |||
| If a demand is made in writing, i.e. in paper form, it has to be sent to us by registered mail or by courier service in one lot to the respective address stated hereafter: | |||
| Postal address: | |||
| UBS Switzerland AG | |||
| Trade Finance Services - F6V5 | |||
| Bahnhofstrasse 45 | |||
| P.O.Box | |||
| 8098 Zurich (Switzerland) | |||
| Courier address: | |||
| UBS Switzerland AG | |||
| Trade Finance Services - F6V5 | |||
| Europastrasse 2 | |||
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Our reference: 30GA-J79594-6FF9
31. May 2023
| 8098 Zurich (Switzerland) | |||
| Period for presentation of documents: | |||
| Within Standby Letter Credit validity | |||
| :77U: | Undertaking Terms and Conditions | ||
| Form of Standby: | |||
| Irrevocable | |||
| Place of expiration: | |||
| Zurich | |||
| . | |||
| Available by: Payment. | |||
| We shall effect payment with a deferred value of 3 (three) | |||
| business and banking days after receipt of documents strictly | |||
| complying with the terms and conditions of the present Standby | |||
| Letter of Credit. | |||
| . | |||
| Covering: | |||
| Security for credit facilities | |||
| . | |||
| We hereby undertake that payment will be effected if documents | |||
| tendered comply with the Standby Letter of Credit terms and if | |||
| all other conditions of this Standby Letter of Credit are | |||
| fulfilled. | |||
| . | |||
| Article 3.14 of the ISP98 is hereby expressly waived. | |||
| :49: | Confirmation instructions | WITHOUT |
| :45L: | Underlying Transaction Details | ||
| Credit facility granted or to be granted by the Beneficiary to | |||
| PERFECT MOMENT ASIA LIMITED, HONGKONG / HONG KONG | |||
| - | Trailer | ||
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