Dear Sirs, Please allow this letter to serve as our notice of intent to procure an irrevocable standby letter of credit that you shall arrange in the sum of US$XX million for a term of one year at a fixed rate of 18% per annum to be prepaid in advance. In exchange for the credit facility and upon the execution of the required documentation, we shall remit the sum of US$X million to the agreed upon escrow account. We understand that our funds shall be held in escrow pending our receipt of the US$XX million standby letter of credit.Sincerely, undersigned2.) Client Information Profile for the Applicant- Exact legal name of company- Address- Telephone- Fax- Email- Exact legal name of signatory- Certificate of Incorporation, dated and stamped- Corporate resolution that identifies the officers approved to enter into this contract- Enlarged copy of the passport of signatory 3.) Information on the Beneficiary- Exact legal name of beneficiary- Address- Telephone- Fax4.) Bank information of the Beneficiary- Name of Bank- Address- Name of bank officer- Telephone number and fax- SWIFT Code- Title of Beneficiary bank account- Account number 5.) Proof of funds- Recent official bank account statement (less than 30 days old) from or on behalf of the Applicant - Most recent 10K, 10Q or CPA reviewed financial statements.