Performance Bank Guarantee Format

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                                                       Appendix B

                                                       (Ref to Para 5 of Central

                                                       Organization Letter No -----/--/

                                                       ECHS dated 31 Feb 2014)

FORMAT FOR PERFORMANCE BANK GUARANTEE

To

The President of India

Acting through (Regional Centre ECHS)

WHEREAS Stabnet Diagnostic Pvt.Ltd. (Name of Hospital) has undertaken, Agreement No……………………………………………….dated, …………………………………………………………………………………………2014, ……………………………………………………………………………………………… (Description of Services) hereinafter called “the Agreement”.

AND WHEREAS it has been stipulated by you in the said Agreement that the Hospital selected for empanelment shall furnish you with a bank guarantee by a nationalized bank for the sum specified therein as security for compliance with the Hospital performance obligations in accordance with the Agreement.

AND WHEREAS we have agreed to give the a guarantee for Hospital:-

THEREFORE WE ……………………………………………………….. (Name of the Bank) hereby affirm that we are Guarantors and responsible to you, on behalf of Hospital (herein after referred to “the Second Party” up to a total of ……………………………… (Amount of the guarantee in Words and Figures) and we hereby irrevocably, unconditionally and absolutely undertake to immediately pay you, upon first written demand declaring the Second Party to be in default under the Agreement and without cavil or argument, any sums within the limit of ………………………………………………………….as aforesaid, without your needing to prove or to show this grounds or reasons for your demand or the sum specified therein. This Guarantee is valid until the …………day of …………………..

This Guarantee shall be incorporated in accordance with the laws of India.

We represent that this Bank Guarantee has been established in such form and such content that is fully enforceable in accordance with its terms as against the Guarantor Bank in the manner provided herein.

The Guarantee shall not be affected in any manner by reason of merger, amalgamation, restructuring or any other change in the constitution of the Guarantor Bank or of the Hospital.

Date:                                       Signature and Seal of Guarantors

Address:

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