"ANNEXURE "

IRREVOCABLE BANK GUARANTEE TOWARDS SECURITY

DEPOSIT FOR ELECTRICITY SUPPLY.

(name and address of the consumer]

is a HT category consumer having Contract Demand of
MVA with Consumer No. ) (hereinafter
referred to as the "Consumer") of the Gujarat Vij
Company Limited (hereinafter referred to as the "Distribution
Company"), having its registered Office at

and a Office at
As per the provisions
of the Gujarat Electricity Regulatory Commission (Security
Deposit) (First Amendment ) Regulations, 2010, the consumer has
opted to furnish the Security Deposit in the form of irrevocable
Bank Guarantee, initially valid for a period of two years with a
further claim period of three months for lodging the claim. The
consumer has undertaken the responsibility to keep the Bank
Guarantee valid atleast 2 months prior to its expiry.

NOW THIS BANK GUARANTEE WITNESSETH AS UNDER :-

-
1. - We,
(Name and -address of the Bak), having its Registered Office at
hereby unequivocally, unconditionally and irrevocably
guarantee and undertake as a primary obligation to the
Distribution Company to pay within 48 hours on receipt of
written demand in writing from the Gujarat Vij
Company Limited, or any Officer authorized by it in this behalf
any amount up to and not exceeding Rs.
(Rupees
only) to the said Gujarat Vij Company Limited, on
behalf of the consumer without any protest, demur, set-off,
counter claim or deduction by us and any further act by the
Distribution Company. Each written demand requiring any
payment to be made to the Distribution Company shall be
final and conclusive against us.
2. This Bank Guarantee is valid and effective from the date
hereof and our liability under this Bank Guarantee shall
continue until [original date of expiry]
unless extended by us from time to time at the request of the
Consumer on whose behalf this Bank Guarantee has been
issued. If this Bank Guarantee has not been extended to the
satisfaction of the Distribution Company atleast 2 months prior to
the original date of expiry, or extended date of expiry, as the
case may be, the Distribution Company shall be entitled to make
demand under this Bank Guarantee.

3. This Bank Guarantee shall not be revoked during its currency

without the Distribution Company's expressed written .consent
and neither our obligation contained in this Bank Guarantee nor
rights, powers and remedies conferred upon the
Distribution Company by this Bank Guarantee or by law shall be
discharged, impaired or otherwise affected by :-

(a) any of the obligations expressed on the part of the

Consumer under the Power Supply Agreement or under
any other security relating thereto being or becoming
illegal, invalid, unenforceable for ineffective in any
respect;

(b) any time or indulgence being granted or agreed to be

granted to the Consumer in respect of the Consumer's
obligations under the Power Supply Agreement or under
any other security;

(c) any failure to realize or fully to realize the value of or any

release, discharge, exchange or substitution of, any
security taken in respect of the Consumer's obligations
under the Power Supply Agreement;

(d) any other act, event, or omission which, but for this
clause, might operate to discharge, impair or otherwise
affect any of our obligations contained in this Bank
Guarantee.

We agree that the Distribution Company shall be entitled, at its

option, to enforce this Bank Guarantee against us, as a
Principal Debtor, in the first instance, without proceeding_
against the Consumer [by making a demand, taking any
action in any Court or making any claim or proof in a winding up
or dissolution of the Consumer] and notwithstanding any
 other security, guarantee or a requirement of arbitration or
any other form of alternative dispute resolution mechanisms
that the Distribution Company may have, in relation to the
Consumer's liabilities under the Power Supply Agreement. Our
obligations under this Bank Guarantee shall be in addition to and
independent of every other security which the Distribution
Company may have in respect of the Consumer's obligation
under the Power Supply Agreement.

5. We agree that any provision of the Power Supply Agreement

or any other documents, which may have been made
between the Distribution Company and the Consumer,
pursuant to the Power Supply Agreement may be terminated,
waived, amended, varied, supplemented or otherwise
modified without our .consent in any manner, and we agree
that no such termination, waiver, amendment, variation,
supplement or modification shall release, affect or impair our
liability under this Bank Guarantee. We waive any
requirement for notice of any of the foregoing. No allowance of
time or other indulgence of concession or any other act or
omission that, but' for this Clause, might exonerate or
discharge us shall in any way release us from the liability
hereunder.

6. Our obligations hereunder are continuing, absolute,

irrevocable and _unconditional irrespective of the termination,
validity, regularity or enforceability of the • Power Supply
Agreement and shall not be in any way affected by any action or
circumstance that might constitute a legal or equitable
discharge or defense of a guarantor or surety, all of which we
expressly waive.

Notwithstanding anything to the contrary contained herein

above, this Bank Guarantee shall be valid and effective for
enabling the Distribution Company to lodge a claim for
payment under this Bank Guarantee within three months after
the original date of expiry or the extended date of expiry (as the
case may be).

8. We shall not assign or transfer our obligations under this Bank

Guarantee without the prior written consent of the Distribution
Company. We agree that this Bank Guarantee shall be a
continuing obligation and shall continue to be so irrespective of
any reorganization or restructuring of any nature
whatsoever of our constitution or business I our successor's
 constitution or business or that of the Consumer or the
Distribution Company.

9. We agree that any winding up, dissolution, reorganization or

change in the constitution or business of the Consumer shall not
be a ground for the release, discharge or impairment of this
Bank Guarantee.

10. This Bank Guarantee shall be governed by and construed in

accordance with the laws of India

11. Notwithstanding anything contained in the text above Bank's

liability under this Bank Guarantee is restricted to Rs.
[Rupees
only] as at the date of demand. This
Bank Guarantee shall remain in full force until
Unless demands or claims under this Bank Guarantee are
made to us in .writing on or before (date
should be 3 months after the validity period of the Bank
Guarantee) all our rights under this Bank Guarantee shall be
forfeited and we shall be released and discharged from all
liabilities thereunder.

IN WITNESS WHEREOF this Bank Guarantee has been executed

by our duly authorized representative on the day o_f
year at.

Signed and delivered by

Bank by its
Authorized Signatory.

Signature With Name, Designation &

Official Seal.