PERFORMANCE BOND NO BA $38769/$C

Whereas our bank stands as joint and several surety for the debtor and as

joint and several co$-$debtor for the definite guarantee fund of USD $150,000$

$($one hundred and fifty thousand US dollars$),$ which the below$-$mentioned

contractor is obliged to arrange, in order to ensure full performance of

the contract $347$ of $20$ February $2016$ between Shirat Shipyard Co$,$ PO Box

$29031,02451$ Istanbul $($the $$buyer$)$ and the $$contractor$$ Majestic Lift

Machinery, PO Box $3465,$ Mumbai $60312,$ concerning delivery and

installation of three heavy lift transportation systems.

We hereby undertake and state, on behalf of the bank, and as responsible

representatives with full power to affix our signature that, in the event our

bank is notified in writing by the $$buyer$$ that the contractor has violated the

provisions of the contract and$/$or has failed to perform his undertakings

completely or partially, the amount under surety will be paid in cash and in

full, immediately and without delay to the $$buyer$$ or their order, upon their

first written request, without the need to resort to any legal procedure or to

issue a protest or to obtain a court order or the $$contractor$$s$$ consent.

This bond has been issued upon the counter$-$guarantee of India Trade

ank Ltd$,$ Mumbai $($NO $18346),$ dated $19$ March $2016.$ a$)$ Who is the principal?

b$)$ Who is the beneficiary?

c$)$ Who is the issuer?

d$)$ Who is the adviser?

e$)$ Is the adviser merely giving advice or is it taking any risk?

f$)$ What is it that is being guaranteed?

g$)$ What is the FORM of the guarantee?