Bank guarantee

1.

BANK GUARANTEE
SCHEME OF TRANSACTIONS
JBA/LEGENDAGRO
(Principal)
4
3
Loan
agreement
Fulfillment of
obligations
under the
agreement
6
Kunlun
(Beneficiary bank**)
*The amount of 4 billion rubles (equivalent in CNY), Tenor - 24 months
**Setting the limit on AB January - February 24
5
2
8
1
Claim for a
refund under
guarantee
Guarantee
agreement
Payment within guarantee
Payment requirement
Bank guarantee*
Alfa-Bank
(Issuing bank)

2.

LETTER OF CREDIT (LC)
SCHEME OF TRANSACTIONS
Chinese Supplier
Purchase of
equipment/attraction of a
general contractor
1
JBA
4
Provision of
documents
Agreement of
opening an
uncovered LC in
CNY for up to 24
months.
5
Advising of LC
Kunlun
(Executing / Confirming Bank)
3
LA Biotechnology K
Supply of
equipment/closing of
contract works
5
JBA financing in
CNY under the
obligation of
payment within LC of
LA Biotechnology K
Contract for the supply of
equipment or performance
of works
2
7
Payment within LC
For a payment, a preferential
loan 512-P/commercial loan
in RUR/CNY is issued
Issuance of LC for up to 24 months
6
Provision of documents
8
Alfa-Bank
(Issuing bank)
Payment within LC

3.

Open topics
1.
2.
3.
4.
The structure of the loan agreement between JBA and Kunlun Bank?
The amount and conditions of the limit in Kunlun Bank?
Control of the targeted expenditure of the Kunlun Bank limit
It is necessary to make KYC and INN (RUS) for JBA to issue a guarantee