and in consideration of your making an advance payment of OMR 254,102.600 (Omani Rials Two Hundred Fifty Four Thousand One Hundred Two and Baizas Six Hundred Only) to the Contractor being 10% of the contract value, by this bond, we Bank Muscat S.A.O.G., whose address is P.O. Box 134, Ruwi, Sultanate of Oman guarantee to pay you a sum not exceeding OMR 254,102.600 (Omani Rials Two Hundred Fifty Four Thousand One Hundred Two and Baizas Six Hundred Only) on your first written demand without any reference to our contestation on behalf of the M/s. Petron Gulf LLC., P. O. Box: 1297, Al Athaiba P.C. 130, Sultanate of Oman.