pan-global.com - Available Bank Instruments

Pan-Global 2023 Available Bank Instruments: I. FC BG for Sale at 42+2% (4ED) BANK INSTRUMENTS PARTICULARS Instruments: Fresh Cut Bank Guarantee (BG) ICC 600 Cash Back Currency: € (Euro) Issuing Bank: Deutsche Bank, Frankfurt Age: Fresh Cut Interest Rate: Zero Percent (0%) Term: One Year & One Day Total Amount: One Billion Euros (€ 1,000,000,000.00) with R&E First Tranche: Five Hundred Million Euro (€500,000,000.00) Subs Tranches: As Per Tranche Schedule appended hereto Denomination: Five Hundred Million Euro (€500,000,000.00) BG Price: 53% (Fifty three Percent) of BG Face Value Commissions: 2% (Two Percent) of BG Face Value Delivery: ICBPO via MT799/MT760/ MT103 Wire / BG Hard Copy Payment: SWIFT MT103 Transaction Mode: ICBPO via MT799/MT760/ MT103 Wire / BG Hard Copy BG TRANSACTION PROCEDURES 1. The Buyer sends Letter of Intent (LOI) to the Seller. The LOI should contain Compliance Documents normally appended to KYC, including copies of the Buyer’s passport, Company’s Resolution, Company Registration, Client’s Information Sheet (CIS), Non Solicitation Affidavit, and IMFPA as standard. 2. Within two (2) working days the Seller countersigns LOI and returns to the Buyer with Details of Issuing Bank, Company Registration, Signatory’s passport copy, etc. Upon execution by the Parties, this LOI automatically becomes a full recourse commercial contract. 3. Together, the Contract shall hereafter be referred to as the Contract Package. Each Party shall lodge the executed contract with their bank. 4. Within two (2) Banking days after receiving the signed Contract Package from the Seller, the Buyer’s Bank shall pay the invoiced amount appearing on the face of the Invoice, by SWIFT MT799 ICBPO to the designated account of Seller to be held pending issuance of the Fresh Cut Bank Guarantee MT 760 that is described herein. A courtesy copy of the SWIFT transmission shall be provided to the Seller forthwith by email. The invoiced amount shall include the 2% intermediary fees prescribed by the Contract in accordance with the IMFPA terms and conditions below. 5. Within two (2) banking days following the verification and authentication of SWIFT MT799 ICBPO, Seller will issue Fresh Cut Bank Guarantee by SWIFT MT760. A courtesy copy of the SWIFT transmission shall be provided to the buyer forthwith by email. 6. Within two (2) Banking days, upon buyer receiving and verification of the SWIFT MT-760, Buyer will irrevocable instruct their Bank to pays fees via SWIFT MT103 Wire to the Seller’s designated bank Account. Simultaneously, pays all the identified intermediaries according to the Irrevocable Fee Protection Agreement (IMFPA). A courtesy copy of the SWIFT transmission shall be provided to the Seller forthwith by email. 7. Within 7 banking days after seller and intermediaries receive payment/fees then Hard copy of the Bank Guarantee will be send from the Seller’s bank to the Buyer’s bank by bonded courier. 8. For each subsequent tranche and until the amount covered in the contract is delivered (including agreed rolls and extensions), steps 4 to 8 just described shall be repeated. 9. Should the Buyer fail or default to pay in timely and proper manner, the Seller shall instruct the issuing bank to put a claim on the BG the Buyer's bank to return the BG’s by to the issuing Bank by Swift MT-760. 10. Any unauthorized calls by any party or its representative lawyers to probe or communicatein an improper way to bank(s) in this transaction shall be prohibited and contract terminated II. FC BG for Sale at 49+2% (4DV) BANK INSTRUMENT DESCRIPTION 1.01 Instrument. SBLC for “Selling/ Buying” 1.02 Term One (1) year and one (1) day 1.03 Format of instrument Appendix ‘C’ attached herein, Approved by Buyer. 1.04 Name of issuing bank Deutsche Bank A.G, Frankfurt main. Or similar bank 1.05 Face value of SBLC Euro/€500Million 1.06 Denomination Euro/€500Million 1.07 Selling price: 49% of face value of SBLC 1.08 Consultancy fee 1% paid by Buyer and 1% paid buy Seller 1.09 Payment system By MT103 FEDWIRE/SWIFT 1.10 Delivery of SBLC By Swift via MT760 followed hard copy by mail. 1.11 Receiving Bank of SBLC 1.12 Beneficiary of SBLC 2 - PROCEDURE 1. Buyer submits this MOU/LOI with full Banking coordinates, Corporate Resolution, Client’s Information Sheet, Passport Copy of authorized signatory and FPA together with the ATV. 2. After completion of Seller’s “Due Diligence” Seller signs, and returns by fax/email the LOI, with full banking co-ordinates with Seller passport and CIS for the Contract to become Binding on Buyer and Seller and Seller will confirm the window time between seller’s and buyer’s bank. 3. Within 24 hours after window time has been completed, Seller shall instruct his bank to send to buyer’s bank PRE-ADVICE VIA SWIFT MT 799 CONFIRMING READINESS TO SEND THE BANK INSTRUMENT VIA SWIFT MT 760 TO BUYER BANK. Buyers bank will respond to sellers bank MT799 their readiness to receive the instrument and to fund. 4. After Seller Bank received MT799 reply back from Buyer Bank, Seller bank will send The Bank Instrument via SWIFT MT760 to Buyer Bank. 5. After verification and authentication of the instruments, Buyer’s Bank accepts the SBLC, within eight (24) banking hours, Buyer’s bank’s SWIFT MT 103 unconditional full payment to seller’s account. 6. Hard copy originals will be delivered to Buyer’s Bank within Seven (7) banking days after receipt of payment by Seller’s Bank III. FC BG for Sale at 40+2% (4IDBK) 1. FRESH CUT BG/SBLC 2. Issuing Bank: Deutsche Bank AG/HSBC/BARCLAYS UK or AA+ RATED BANK 3. Total Face Value 5,000,000.00 min up to 100,000,000,000.00 EURO/USD 4. Term: ONE YEARS AND ONE DAY 5. First Tranche Maximum 1,000,000,000.00 or as Agreed by both Parties. 6. Delivery pre advice first: MT799 /DTC/Euro-clear and MT760 7. Sales Price 40+2% 8. Commission 1% from Seller side and 1% from Buyer side, commission to be shared 50-50 as specified here below. 9. Hard Copy: within 7 banking days by bank bonded courier TRANSACTION PROCEDURE: 1. Buyer sends letter of intent (LOI) to the Seller. The LOI should contain copies of Buyer’s passport, Company’s resolution and Client’s Information Sheet (CIS). 2. within 24 hours seller countersigns LOI and returns to buyer with Details of Issuing bank, passport copy ETC. This LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract with their respective banks. 3. Within 24-48 Banking hours Seller bank verify and approve transaction/LOI and send confirmation to seller email address: and copy to buyer/Client email address: within 24 hour buyer request invoice/undertaking letter from seller for the payment of Swift pre advice transmission bank charges / Central screen (DTC/Euro-clear). Note: seller fees receiving bank account shall be different from seller issuing Bank Account. Buyer receive invoice and shall transfer by fed wire the swift transmission bank charges and send copy to seller for confirmation. Seller receives payment and seller bank shall within 24 hours send MT799 Pre advice to buyer bank and load instrument on DTC/Euro-clear. 4. Within 1-12 banking hour’s seller shall send copy of the swift and screen shot ( Euro-clear)to the buyer for confirmation. Buyers bank confirms the MT799 pre advice. Buyers bank shall reply MT799 to seller’s bank and confirm ready, willing and able to receive and fund MT760. 5. Within 12 banking hours, seller Bank shall send the instrument by MT760. Buyer bank confirms and verifies BG/SBLC MT760; Buyer shall within 1 – 20 Banking days’ or as agreed by both parties pay Seller total fees and Consultants commission by MT103 Fed Wire. (Should Buyer default to pay the fees to the Seller and the Intermediaries fees as agreed on this contract within allowed number of days on confirmation of Swift T760, Seller shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Buyer's bankers to return the BG/SBLC swift MT-760 to the issuing Bank.) 6. Within 3 banking days after receiving Payment and brokers fees Hard copy will be sent to Buyer bank by bank-bonded courier. IV. FC BG for Sale at 40+3% (4NLI) BANK INSTRUMENT DESCRIPTION INSTRUMENT : BANK GUARANTEE, CASH BACKED, ICC 458 FORMAT TYPE : OPERATIVE, IRREVOCABLE, ASSIGNABLE TERM : ONE YEAR AND ONE DAY ISSUING BANK : DEUTSCHE, BARCLAYS, BARCLAYS CREDIT SUISSE OR OTHER S&P RATED AAA WEB CONTRACT AMOUNT : EURO 50B, WITH ROLLS AND EXTENSIONS OR LESS FIRST TRANCHE : EURO 100 M SECOND TRANCHE AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE) CURRENCY : EUROS FUNDING RATE : 40% + 3% COMMISSION PAYMENT : POF FOLLOWED BY UNCONDITIONAL MT-103 DELIVERY MODE : SWIFT MT760 & ORIGINAL HARD COPY BY BANK BONDED COURIER TRANSACTION PROCEDURES 1) PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER. 2) AFTER COMPLETED DUE DELIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY B’S FULL BANKING COORDINATES AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS. 3) WITHIN TWO (2) BANKING DAYS AFTER THIS AGREEMENT SIGNED PARTY B TO TRANSFER TO PARTY A’S DESIGNATED RECEIVING ACCOUNT POF VIA MT103/23 CONDITIONAL or issue payment undertaking by swift MT799(ICBPO) OF 40% OF FIRST TRANCHE AMOUNT TO SELLER BANK. NOTE SELLER ISSUING BANK AND RECEIVING BANK MIGHT NOT BE THE SAME BECAUSE OF OUR BANK POLICY. 4) WITHIN ONE (1) BANKING DAYS PARTY B SHALL PROVIDE A COPY OF REMITTED TRANSMISSION RECEIPT TO PARTY A FOR TRACING. WITHIN TWO (2) BANKING DAYS UPON RECEIVED THE COUNTERSIGNED LOI, PARTY B WILL REMIT POF VIA CONDITIONAL MT103-23 or issue payment undertaking by swift MT799(ICBPO) OF 40% OF FIRST TRANCHE AMOUNT TO PARTY A’S DESIGNATED RECEIVING ACCOUNT. (PARTY B SHALL PROVIDE A COPY OF REMITTED RECEIPT TO PARTY A FOR TRACING ,IF PARTY B FAIL TO ISSUE POF VIA MT103-23, issue payment undertaking by swift MT799(ICBPO) OR EURO200M TO PROVIDER AFTER 2 BANKING DAYS OF RECEIPT OF THE COUNTERSIGNED CONTRACT, THE CONTRACT WILL BE TERMINATED WILL LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRUAD /CRIMINAL WITH PENAULTY OF 50MILLION EURO. IF PARTY A FAILS TO ISSUE SWIFT MT799/MT760 WITHIN 5 BANKING DAYS OF RECEIPT OF THE POF VIA MT103-23 OF EURO200M THE CONTRACT WILL BE TERMINATED WILL LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRUAD /CRIMINAL WITH PENAULTY OF 50MILLION EURO. 5) WITHIN THREE (3) BANKING DAYS OF RECEIPT AND CONFIRMED OF THE ABOVE MT103-23 or payment undertaking by swift MT799(ICBPO) PARTY A’S ISSUING BANK THEN ISSUES AND SENDS THE BG VIA SWIFT MT799 FOLLOWED BY SWIFT MT760 {APPENDIX D} TO PARTY B‘S DESIGNATED BANK RECEIVING ACCOUNT. (PARTY A SHALL PROVIDE A COPY OF SAID MT-760 TO PARTY B FOR TRACING). 6) WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760 BG, PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED BANK ACCOUNT, AND THE SIMULTANEOUSLY PAYS 3% OF FACE VALUE OF EACH TRANCHE AS CONSULTANCY FEES/COMMISSIONS TO THE CONSULTANTS, AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT. 7) WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY A’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER. 8) ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES, UNTIL COLLATERAL OR FUNDS BECOME EXHAUSTED. 9) ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES. V. FC BG for Lease at 6+3% (4NLI) BANK INSTRUMENT DESCRIPTION INSTRUMENT : BANK GUARANTEE, CASH BACKED, ICC 458 FORMAT TYPE : OPERATIVE, IRREVOCABLE, ASSIGNABLE TERM : ONE YEAR AND ONE DAY ISSUING BANK : DEUTSCHE, BARCLAYS, BARCLAYS CREDIT SUISSE OR OTHER S&P RATED AAA WEB CONTRACT AMOUNT : EURO 50B, WITH ROLLS AND EXTENSIONS OR LESS FIRST TRANCHE : EURO 200M SECOND TRANCHE AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE) CURRENCY : EUROS FUNDING RATE : 6% + 3% COMMISSION PAYMENT : SWIFT FEE FOLLOWED BY UNCONDITIONAL MT-103 DELIVERY MODE : SWIFT MT760 & ORIGINAL HARD COPY BY BANK BONDED COURIER TRANSACTION PROCEDURES 1) PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER. 2) AFTER COMPLETED DUE DELIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY B’S FULL BANKING COORDINATES AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS. 3) WITHIN TWO (2) BANKING DAYS AFTER THIS AGREEMENT SIGNED PARTY B TO TRANSFER TO PARTY A’S DESIGNATED RECEIVING ACCOUNT a POF VIA MT103/23 CONDITIONAL or issue payment undertaking by swift MT799(ICBPO) OF 6% OF FIRST TRANCHE AMOUNT OR PAY SWIFT FEE OF EURO200,000 BY WIRE TRANSFER TO SELLER BANK. NOTE SELLER ISSUING BANK AND RECEIVING BANK MIGHT NOT BE THE SAME BECAUSE OF OUR BANK POLICY. 4) WITHIN ONE (1) BANKING DAYS PARTY B SHALL PROVIDE A COPY OF REMITTED TRANSMISSION RECEIPT TO PARTY A FOR TRACING. WITHIN TWO (2) BANKING DAYS UPON RECEIVED THE COUNTERSIGNED LOI, PARTY B WILL REMIT POF VIA CONDITIONAL MT103-23 or issue payment undertaking by swift MT799(ICBPO) OF 6% OF FIRST TRANCHE AMOUNT OR WIRE TRANSFER OF EURO200,000 TO PARTY A’S DESIGNATED RECEIVING ACCOUNT. (PARTY B SHALL PROVIDE A COPY OF REMITTED RECEIPT TO PARTY A FOR TRACING ,IF PARTY B FAIL TO ISSUE POF VIA MT103-23, issue payment undertaking by swift MT799(ICBPO) OR SWIFT FEE OF EURO200,000 WIRE TO PROVIDER AFTER 2 BANKING DAYS OF RECEIPT OF THE COUNTERSIGNED CONTRACT, THE CONTRACT WILL BE TERMINATED WILL LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRUAD /CRIMINAL WITH PENAULTY OF 50MILLION EURO. IF PARTY A FAILS TO ISSUE SWIFT MT799/MT760 WITHIN 5 BANKING DAYS OF RECEIPT OF THE POF VIA MT103-23, payment undertaking by swift MT799(ICBPO) OR EURO200M THE CONTRACT WILL BE TERMINATED WILL LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRUAD /CRIMINAL WITH PENAULTY OF 50MILLION EURO. 5) WITHIN THREE (3) BANKING DAYS OF RECEIPT AND CONFIRMED OF THE ABOVE MT103-23 or payment undertaking by swift MT799(ICBPO) PARTY A’S ISSUING BANK THEN ISSUES AND SENDS THE BG VIA SWIFT MT799 FOLLOWED BY SWIFT MT760 {APPENDIX D} TO PARTY B‘S DESIGNATED BANK RECEIVING ACCOUNT. (PARTY A SHALL PROVIDE A COPY OF SAID MT-760 TO PARTY B FOR TRACING). 6) WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760 BG, PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED BANK ACCOUNT, AND THE SIMULTANEOUSLY PAYS 3% OF FACE VALUE OF EACH TRANCHE AS CONSULTANCY FEES/COMMISSIONS TO THE CONSULTANTS, AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT. 7) WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY A’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER. 8) ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES, UNTIL COLLATERAL OR FUNDS BECOME EXHAUSTED. 9) ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES. VI. FC BG for Lease at 10+2% (4NLI) DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG)/SBLC, MTN. 2. Total Face Value: 500M Euro (Minimum) 3. Issuing Bank: Top 25 Bank. 4. Age: One Year, One Day. 5. Leasing Price: 10%+2% of Face Value by (MT103-23) 6. Delivery: MT760 SWIFT TO SWIFT. 7. Payment: Wire Transfer. 8. Hard Copy: Bonded Courier within 5banking days. PROCEDURE FOR PRE-ADVISE [MT-760] 1. Lessor and Lessee execute, sign and initial a Deed of Agreement which thereby automatically becomes a full commercial recourse contract after Lessee application have been accepted. 2. After signing the agreement and simultaneously with the return of the agreement to the Lessee. 3. Within (48) banking hours upon receipt of Lessor’s countersigned Agreement, Lessee shall instruct his paying bank to swift a Security Deposit with the amount of €000,000.00 Euro via MT-103 or wire transfer directly into Lessor’s nominated Bank to guarantee Lessor’s RWA / Pre-Advice Charges. This Deposit shall trigger Lessor’s MT-799/999 RWA / Pre-Advice to Lessee’s Receiving Banks. (Lessee shall make a courtesy copy of the MT-103 or wire transfer slip available to Lessor by email). 4. Within (48) banking hours upon receipt and confirmation of Lessee’s Security Deposit via MT-103, Lessor’s shall send Swift MT-799/999 RWA / Pre-advice to Lessee’s Receiving Bank and request Lessee’s Receiving Bank to confirm their readiness to receive the MT760 BG/SBLC by isueing a bank undertaking via MT760. 5. Within (48) banking hours of the Lessee’s bank receipt of a positive response to Lessor’s Swift MT-799/999, after verification & authentication, Lessee’s bank will issue a bank undertaking via MT760 to cover the agreed assigment fees. 6. Within (48) banking hours upon receipt and confirmation of Lessee’s issued bank undertaking via MT760, Lessor’s bank will issue the BG/SBLC via SWIFT MT-760 and deliver to the Lessee’s Receiving Bank. 7. Lessee’s bank will authenticate and validate the MT-760 BG/SBLC, within (48hrs) banking hours, the Lessee’s bank shall release the payment by Swift MT103 wire transfer to the Lessor’s nominated bank account and confirm satisfaction to Lessor’s bank marking the conclusion of the delivery of the first tranche. 8. Simultaneously, the Lessee shall effect commission payment to all the identified intermediaries according to the Fee Protection Agreement attached without delay or withholding, including all rolls and extensions. 9. The Hard copies of the Bank Guarantee shall be dispatched for delivery via Bank Bonded Courier to Lessee’s Bank within seven (7) banking days after payment being received by Lessor’s Bank. 10. Upon successful completion of Tranche No. 1, within seven (7) banking days or mutually agreed by both parties, beginning with Procedure #3, #4, #5, #6, #7, #8, #9 & #10 will be repeated; Lessor will issue and deliver the BG/SBLCs in favor of Lessee, according to the Agreement, and Lessee will make further payment of Leasing Fees and Commission Fees until all tranches are completely exhausted. VII. FC BG for Lease at 10+2% (4AL) BANK INSTRUMENT DESCRIPTION INSTRUMENT : BANK GUARANTEE, CASH BACKED, ICC 458 FORMAT TYPE : OPERATIVE, IRREVOCABLE, ASSIGNABLE TERM : ONE YEAR AND ONE DAY ISSUING BANK : JP MORGAN CHASE, USA OR OTHER S&P RATED AAA WEB CONTRACT AMOUNT : EURO 50B, WITH ROLLS AND EXTENSIONS OR LESS FIRST TRANCHE : EURO 100M SECOND TRANCHE AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE) CURRENCY : EUROS FUNDING RATE : 10% + 2% COMMISSION PAYMENT : SWIFT FEE FOLLOWED BY UNCONDITIONAL MT-103 DELIVERY MODE : SWIFT MT760 & ORIGINAL HARD COPY BY BANK BONDED COURIER TRANSACTION PROCEDURES 1) PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER. 2) AFTER COMPLETED DUE DELIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY B’S FULL BANKING COORDINATES AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS. 3) WITHIN TWO (2) BANKING DAYS AFTER THIS AGREEMENT SIGNED PARTY B TO TRANSFER TO PARTY A’S DESIGNATED RECEIVING ACCOUNT a POF VIA MT103/23 CONDITIONAL or issue payment undertaking by swift MT799(ICBPO) OF 6% OF FIRST TRANCHE AMOUNT OR PAY SWIFT FEE OF EURO200,000 BY WIRE TRANSFER TO SELLER BANK. NOTE SELLER ISSUING BANK AND RECEIVING BANK MIGHT NOT BE THE SAME BECAUSE OF OUR BANK POLICY. 4) WITHIN ONE (1) BANKING DAYS PARTY B SHALL PROVIDE A COPY OF REMITTED TRANSMISSION RECEIPT TO PARTY A FOR TRACING. WITHIN TWO (2) BANKING DAYS UPON RECEIVED THE COUNTERSIGNED LOI, PARTY B WILL REMIT POF VIA CONDITIONAL MT103-23 or issue payment undertaking by swift MT799(ICBPO) OF 6% OF FIRST TRANCHE AMOUNT OR WIRE TRANSFER OF EURO200,000 TO PARTY A’S DESIGNATED RECEIVING ACCOUNT. (PARTY B SHALL PROVIDE A COPY OF REMITTED RECEIPT TO PARTY A FOR TRACING ,IF PARTY B FAIL TO ISSUE POF VIA MT103-23, issue payment undertaking by swift MT799(ICBPO) OR SWIFT FEE OF EURO200,000 WIRE TO PROVIDER AFTER 2 BANKING DAYS OF RECEIPT OF THE COUNTERSIGNED CONTRACT, THE CONTRACT WILL BE TERMINATED WILL LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRUAD /CRIMINAL WITH PENAULTY OF 50MILLION EURO. IF PARTY A FAILS TO ISSUE SWIFT MT799/MT760 WITHIN 5 BANKING DAYS OF RECEIPT OF THE POF VIA MT103-23, payment undertaking by swift MT799(ICBPO) OR EURO200M THE CONTRACT WILL BE TERMINATED WILL LEGAL ACTION VIA INTERPOL/FBI/ICC AND PARTY A SHALL BE CHARGED FOR FRUAD /CRIMINAL WITH PENAULTY OF 50MILLION EURO. 5) WITHIN THREE (3) BANKING DAYS OF RECEIPT AND CONFIRMED OF THE ABOVE MT103-23 or payment undertaking by swift MT799(ICBPO) PARTY A’S ISSUING BANK THEN ISSUES AND SENDS THE BG VIA SWIFT MT799 FOLLOWED BY SWIFT MT760 {APPENDIX D} TO PARTY B‘S DESIGNATED BANK RECEIVING ACCOUNT. (PARTY A SHALL PROVIDE A COPY OF SAID MT-760 TO PARTY B FOR TRACING). 6) WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760 BG, PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED BANK ACCOUNT, AND THE SIMULTANEOUSLY PAYS 3% OF FACE VALUE OF EACH TRANCHE AS CONSULTANCY FEES/COMMISSIONS TO THE CONSULTANTS, AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT. 7) WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY A’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER. 8) ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES, UNTIL COLLATERAL OR FUNDS BECOME EXHAUSTED. 9) ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.

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