H. EXPIRATION DATE: <INSERT DATE – NOT LESS THAN 0 DAYS AFTER FINAL MATCH OF RD YEAR> 

WE HEREBY ESTABLISH THIS IRREVOCABLE LETTER of Credit No. _________ in favor of WTA Tour, Inc. for an aggregate amount not to exceed the amount indicated above, expiring at <our/ our Advising Bank> counters with our close of business on <insert expiry date>. 

This Irrevocable Letter of Credit is available with JPMorgan Chase Bank, N.A., against presentation of beneficiary draft at sight drawn on Advising Bank, when accompanied by the documents indicated herein. 

Beneficiary’s dated statement signed by its Chief Executive Officer (signed as such) indicating this Irrevocable Letter of Credit number and reading as follows: We certify that <insert Applicant name> has failed to pay, in whole or in part, prize money to players or any required WTA membership or WTA fees. 

Multiple drawings permitted. Drawings not to exceed total under Section D. Currency above in aggregate. 

We hereby agree with the Beneficiary that any draft under and in compliance with the terms and conditions of this letter of credit will be duly honored. 

This Irrevocable Letter of Credit is issued subject to the international standby practices 1998, International Chamber Publication 590 (ISP 9). 

The number and date of our credit and the name of our bank must be quoted on all drafts required. 

Irrevocable Letter of Credit is to be issued in English. 

## 2. Penalties for Missed Deadline 

Unless otherwise determined by the WTA, failure to provide financial security within the deadline specified will result in: a) cancellation of the Tournament; b) forfeiture of all fees paid to date; and c) possible revocation of the Tournament membership. 

## D. TOURNAMENTS PAYING PRIZE MONEY IN EXCESS OF THE MINIMUM PRIZE MONEY LEVEL 

Each WTA 1000, WTA 500, and WTA 250 Tournament may submit a request to the WTA to pay prize money in excess of the minimum prize money level for such Tournament, but this requirement must be no later than six (6) months in advance of the Tournament (unless otherwise agreed by the WTA). The WTA will respond to requests as soon as possible after they are received, but 

