Notification of non-payment /

Notification of received payment for

Bill of Exchange guarantee

Notification of non-payment shall be received by EKN within 30 days of the bill of exchange’s due date.

1	Guarantee-holder’s name and address

2 EKN’s guarantee number	3 Buyer / acceptor and country
4 Delayed payment relates to	5 Received payment
Your reference	Due date	Currency	Bill of exchange amount	Date	Amount
6 Assumed reason for non-payment:
7 Has payment been effected in local currency? Yes No
8 Bill of exchange presented for payment / protested / payment demanded from guarantor? Has the bill of exchange been presented for payment? Yes No Has the bill of exchange been protested? Yes No Has payment been demanded from guarantor on the bill of Yes No exchange or any other guarantor?
9 Please state which further measures have been taken with regard to the non-payment and measures you intend to take in the future (e.g. demand for payment from any guarantor and reply (if any), enquiry to collecting bank and reply (if any), protest of bill of exchange, contact with local legal representative or agent, etc).

Guarantee-holder’s signature

Date	Signature	E-mail
Contact person	Telephone

EKN hereby acknowledges receipt of this notification

Date	Signature	E-mail
Contact person	Telephone

2.09VXe / May 9, 2012 / KSo

Special Instructions

General

A guarantee-holder is obliged to notify EKN of certain circumstances under EKN’s general conditions for Bills of exchange guarantees dated December 2005.

Among other things, the guarantee-holder is obliged to notify EKN in writing if the debtor has failed to effect payment within one month from the due date for the bill of exchange covered by the guarantee. The right to indemnification is forfeited if EKN has not received a notification within one month from the due date.

All subsequent payments must be promptly reported to EKN in writing after EKN has been notified of delayed payment.

Item 4 Delayed payment relates to

Delayed payment has to be notified in relation to every due date. Please specify the bill of exchange amount of every due date, separately.

Item 5 Received payment

EKN must be promptly notified when payment has been received, wholly or in part, in relation to a notified delayed payment. Please use a copy of the acknowledgement sent to you by EKN following your notification of delayed payment.

Item 6 Assumed reason for non-payment

The guarantee-holder is obliged to state the assumed reason for non-payment. Please be as specific as possible as to why the debtor has failed to effect payment.

Item 7 Has payment been effected in local currency?

Please specify whether payment has been deposited with such bank or other institution which is entitled to effect the transfer.

Item 8 Bill of exchange presented for payment / protested / payment demanded from guarantor?

A prerequisite for indemnification is that the bill of exchange has been presented to the acceptor for payment and protested in accordance with applicable law on bills of exchange. Demand for payment must also be made to any guarantor of the bill.

Item 9 Further measures

According to EKN’s general conditions, the guarantee-holder is obliged to take such measures as may reasonably be deemed incumbent on him to limit loss. The guarantee-holder is expected to act with as much care and prudence, as he would have done if he had not been holding a guarantee. In certain cases, the guarantee-holder shall consult EKN regarding the measures which can be considered necessary to avoid or limit loss.

The guarantee-holder must comply with EKN’s requests to take measures in order to limit loss.

Failure to fulfil these obligations by the guarantee-holder may result in the guarantee being non-binding upon EKN.