UCI CYCLING REGULATIONS  2.16.054 (To be issued by swift to: UBSWCHZH12A – by swift MT760)  As GUARANTOR, we hereby irrevocably undertake to pay the BENEFICIARY any  amount up to the GUARANTEE AMOUNT upon presentation of the BENEFICIARY's  complying demand, in the FORM OF PRESENTATION indicated above, supported by  the BENEFICIARY's statement, whether in the demand itself or in a separate signed  document accompanying or identifying the demand, indicating that the amount claimed  is demanded according to the cycling regulations of the UNION CYCLISTE  INTERNATIONALE. Expiry: [ INSERT EXPIRY DATE ] ("EXPIRY") Place for presentation: GUARANTOR's address as stated above or swift [ INSERT  GUARANTOR'S SWIFT ADDRESS ], respectively ("PLACE FOR PRESENTATION") In case that at the time of a demand under this guarantee, there is a client relationship  between BENEFICIARY and a branch of the GUARANTOR in ( INSERT COUNTRY OF  GUARANTOR ) with a valid list of authorized signatures regarding the persons signing  for the BENEFICIARY, the verification of signature(s) by a third bank is not required. In  such case, BENEFICIARY's demand and supporting statement must be presented to the  GUARANTOR duly signed in paper form (swift excluded). For the purpose of identification the BENEFICIARY's demand and supporting statement  must bear or be accompanied by a signed confirmation of one of the GUARANTOR's  correspondent banks stating that the latter has verified the BENEFICIARY's signature(s)  appearing thereon. In case of a swift transmission through one of the GUARANTOR's  correspondent banks, the latter has to confirm having verified the BENEFICIARY's  signature(s) appearing on the demand and supporting statement. Form of Presentation ("FORM OF PRESENTATION"): Paper form or transmitted in full  by authenticated swift through one of the GUARANTOR's correspondent banks. Guarantee amount and currency: [ INSERT AMOUNT & CURRENCY ] (in words:  [ INSERT AMOUNT & CURRENCY ]) ("GUARANTEE AMOUNT") Underlying relationship: The APPLICANT's obligation in respect of the cycling  regulations of the UNION CYCLISTE INTERNATIONALE for the purpose of  guaranteeing, within the limits set in those regulations, the payment of sums due by the  UCI WorldTeam / UCI ProTeam [ INSERT NAME OF THE TEAM ] (paying agent:  [ INSERT NAME OF THE PAYING AGENT ]) to riders and other creditors covered by  said regulations as well as the payment of fees, expenses, indemnities, fines and  sanctions or sentences imposed by or in virtue of the regulations of the UCI or related to  their application. Beneficiary: UNION CYCLISTE INTERNATIONALE, ALLÉE FERDI KÜBLER 12, 1860  AIGLE, SWITZERLAND ("BENEFICIARY") Applicant: [ INSERT NAME & ADDRESS OF THE PAYING AGENT ] ("APPLICANT") Guarantor: [ INSERT NAME & ADDRESS OF THE PAYING AGENT BANK ]  ("GUARANTOR") Guarantee type: Performance bond Bank guarantee model  E170421  ROAD RACES  271 