Description of Instrument:

 

1. Instrument:  BG, SBLC, FRESH CUT (FC), 100% CASH-BACKED, ON ICC STANDARD FORMAT LIKE ICC458 OR ICC758 OR ICC600

2 (A). MinimumFace Value:: 10 Million to xxxxxxxx in First Tranche with a BlockFunds MT799 or ICBPO required AND up to 50 Billion USD/Euro  in Tranches of 500 Million  USD/Euro each.

2. (B). Total Contract Amo XXXXXXXX Million Euro/Dollar; Euro/$X,000,000,000

Current Contract Amout: XXXXXXXX Million Euro/Dollar; Euro/$X,000,000,000

1st Trnache: XXXXXXXX Million Euro/Dollar; Euro/$xxx,000,000,

2nd Tranche: xxxxxxxx Million Euro/Dollar; Euro/$xxxx,000,000,

2 (C). Beneficiary:

3. Issuing Bank: Credit Suisse, Geneva, Barclays Bank, London, HSBC Bank London,  , Duetsch  Bank, Frankfurt and other AA Rated Banks.

4. Age:  One Year and One Day

5. Leasing Price:9%+ 3% commission, making it 12% of the BG 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) LESSEE SUBMITS TO LESSOR THISSIGNED AGREEMENT,TOGETHER WITH CLIENT INFORMATION SHEET,CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATIONANDTHEIRREVOCABLE MASTER FEE PROTECTION AGREEMENT. 

(B) LESSEE PROVIDES HIS BANK RWA LETTER PROMISING TO REMIT EURO/$26,000 TO LESSOR’S DESIGNATED ACCOUNT AFTER GETTING COUNTERSIGNED CONTRACT FROM THE LESSOR TO GET PRE-ADVICE FOR THE FULL FACE VALUE OF THE BG REQUIRED BY LESSEE AS PER APPENDIX (A).

2)

(A) AFTER COMPLETING DUE DILIGENCE, LESSOR COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO LESSEE, ALONG WITH LESSOR’SFULL BANKING COORDINATES

(B) LESSOR ALSO PROVIDES INVOICE AND CORPORATE REFUND LETTER FOR $26,000

3)

WITHIN THREE (3) BANKING DAYS AFTER SIGNING AND LODGING OF THIS AGREEMENT, LESSEE SHALL REMIT EURO/$26,000 TO LESSOR’S DESIGNATED ACCOUNT FOR RECEIVING PRE-ADVICE FROM THE PRIME BG-ISSUING BANK FOR THE FULL FACE VALUE OF BG REQUIRED BY LESSEE UNDER THIS CONTRACT.

4)

(A)  WITHIN THREE (3) BANKING DAYS AFTER RECEIPT AND CONFIRMATION OF THE REMITTANCE OF EURO/$26,000,LESSOR SHALL ARRANGE TO ISSUE A PRE-ADVICE FROM THE PRIME BG-ISSUING BANK VIA SWIFT MT-799 (AS PER "APPENDIX B").

(B)   WITHIN THREE (3) BANKING DAYS AFTER RECEIVING PRE-ADVICE, LESSEE BANK SHALL SEND MT799 ICBPO OR MT 799 POF (BLOCKFUNDS) AS PER APPENDIX (A) ASSURING PAYMENT OF 12% WITHIN 5 DAYS AFTER RECEIVING AND VERIFYING MT760 BG/SBLC SENT BY LESSOR SIDE.

5)

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

6)

WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVEMT-760BANK GUARANTEE (BG), LESSEE'SPAYING BANK SHALL RELEASE THE AGREED FUNDS TO LESSOR’S DESIGNATED BANK ACCOUNT, AND SIMULTANEOUSLY LESSEE PAYS DIRECTLY WIRE TRANSFER THROUGH THE RELEASE OF FUND VIA MT-103 FOR THE CONSULTING FEES TO EACHOF THE CONSULTANTS AS PER THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT ATTACHED HEREWITH AS PART OF THIS CONTRACT.

7)

WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, LESSOR’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO LESSEE’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.