Description of Instrument:

 

1. Instrument: BG

2 (a). Face Value:Minimum 1 Million US Dollars/Euros to 50 Billion

          with a Bank Endorsed Client Promissioy Note (Appendix D) required,

 

2. (b). Beneficiary:

 

 

3. Issuing Bank: HSBC Bank London, Barclays Bank, Credit Suisse Zurich and other                                                

                             AA Rated Banks.

4. Age:  One Year and One Day

5. Leasing Price:52%+ 3% commission, making it 55%of Face Value

6. Delivery: {Bank-To-Bank Swift}

7. Payment: MT103

8. Hard Copy: Bonded Courier Service {within three banking days}

 

 

TRANSACTION PROCEDURES

 

1) 

(A) BUYER SUBMITS TO SELLER THISSIGNED AGREEMENT,TOGETHER WITH CLIENT INFORMATION SHEET,CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATIONANDTHEIRREVOCABLE MASTER FEE PROTECTION AGREEMENT.

CLIENT SENDS HIS BANK CONDITIONAL RWA LETTER TO ISSUE PROMISSORY NOTE AS PER OUR ATTACHED ( Please see Appendix (D).

 

2)

AFTER COMPLETING DUE DILIGENCE, SELLER COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO BUYER, ALONG WITH SELLER’SFULL BANKING COORDINATES.

 

3)

WITHIN THREE (3) BANKING DAYS AFTER SIGNING AND LODGING OF THIS AGREEMENT, BUYER SHALL ISSUE BANK-ISSUED PROMISSARY NOTE (Applicable APPENDIX D) TO SELLER’S DESIGNATED RECEIVING BANK THROUGH MT799

 

4)

 

 

WITHIN THREE (3) BANKING DAYS AFTER RECEIPT AND CONFIRMATION OF THE PROMISSARY NOTE (AS PER APPENDIX D)VIA MT-799SELLER SHALL ISSUE A PRE-ADVICE VIA SWIFT MT-799 (AS PER "APPENDIX B").

 

5)

WITHIN THREE (3) BANKING DAYS OF RECEIPTOF THE CONFIRMATION OF THE ABOVE MT-799 PRE-ADVICE, SELLER’S ISSUING BANK THEN ISSUES THE BANK GUARANTEE (BG) VIA SWIFT MT-760 (AS PER "APPENDIX C") TO BUYERS DESIGNATED BANK RECEIVING ACCOUNT. SELLER SHALL PROVIDE A SCANNED COLOR COPY OF SAID MT-760 TO BUYER’S EMAIL ADDRESS FOR TRACING.

 

6)

WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVEMT-760BANK GUARANTEE (BG), BUYER'SPAYING BANK SHALL RELEASE THE AGREED FUNDS TO SELLER’S DESIGNATED BANK ACCOUNT, AND SIMULTANEOUSLY BUYER PAYS DIRECTLY WIRE TRANSFER THROUGH THE RELEASE FUND OF MT-103 WITH THE CONSULTING FEES PER EACH FINANCING TO THE CONSULTANTS AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT.

AFTER THESE PAYMENTS OF BG COST THIS TRANSACTION WILL BE TREATED AS COMPLETED AND THE VALIDITY OF THE PROMISSORY NOTE WILL AUTOMATICALLY EXPIRE.

 

7)

WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, SELLER’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO BUYER’S DESIGNATED BANK RECEIVING ACCOUNT BY BANKBONDED COURIER.

 

 

8)

ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION ORDISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IN IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.