SAMPLE LETTER OF GUARANTEE

This is a sample the the type of text which should be used in preparing a Letter of Guarantee from your bank. All company checks MUST be accompanied by a Letter of Guarantee for the check to be accepted either as a deposit or payment of an item at a Cincinnati Industrial Auctioneers sale.

(On Bank Stationary)

Date

To Whom It May Concern:

This bank unconditionally guarantees payment in U.S. funds, to Cincinnati Industrial Auctioneers, Inc. from Company Name______________________ drawn on account # ___________ Up to the amount of $______________. This letter is valid for thirty days for purchases made by the above customer at the auction of Name of Auction _____________________ on Month/Day/Year ______________.

Signed,

Name of Bank

Name of Bank Representative

Title of Bank Representative