[별지 제1호 서식]

From :

To：Administrator

Public Procurement Service, The Republic of Korea

Memorandum of Payment

Invitation. No. :

Commodity :

Date of Bid :

We, the undersigned, hereby guarantee that if awarded a contract we will perform faithfully the requirements of the contract.

Should we withdraw our bid before its expiration and/or after being awarded by PPS, or should we refuse to conclude the contract, or should we fail to establish a performance bond in accordance with the contractual conditions, we guarantee PPS to pay immediately an amount equivalent to five percent of the total bid price/s.

We further guarantee that we will not claim against or appeal to PPS in relation to any unfavorable action which may be taken against us by PPS on the ground that we have not complied with the above conditions.

(Signature)

(Name and Title)