Description of Instrument:

1. Instrument:  BG, LC, SBLC, FRESH CUT (FC), 100% CASH-BACKED, ON ICC FORMAT 458 OR 758 OR 600

2 (A). MinimumFace Value:: 1 Million to up to 50 Billion USD/Euro  in Tranches of 500 Million  USD/Euro each.

2. (B). Contract Amount: XXXXXXXX Million Euro/Dollar;

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

2 (C). Beneficiary:

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

 

        (C) AFTER RECEIVING LOI FROM LESSEE, PROVIDER WILL PREPARE INVOICE AND CORPORATE REFUND UNDERTAKING IN THE NAME OF LESSEE WHILE INFORMING THE NAME OF THE PRIME BG/SBLC ISSUING BANK AND ALLOTTING TRANSACTION CODE FOR THE LESSEE DOA, REQUESTING REMITTANCE OF Euro26,000 TO LESSOR’S DESIGNATED ACCOUNT.

 

2)(A) WITHIN THREE (3) BANKING DAYS AFTER RECEIPT AND CONFIRMATION OF THE REMITTANCE OF EURO/Euro26,000, AND 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’S FULL BANKING COORDINATES.

 

3)   (A) WITHIN (3) TO (5) DAYS AFTER THE COUNTERSIGNED CONTRACT LESSOR SHALL ARRANGE TO ISSUE A PRE-ADVICE FROM THE PRIME BG-ISSUING BANK VIA SWIFT MT-799 (AS PER "APPENDIX B").

 

4)  (B) OR LESSEE BANK SHALL SEND SWIFT MT760 INDICATING ITS ACCEPTANCE OF MT760 BG/SBLC, MEANING THAT IT IS READY TO MAKE PAYMENT OF BG/SBLC COST 12% AS PER THIS CONTRACT, TRANSACTION CODE xxxxxxxxx.

 

6)    WITHIN THREE (3) BANKING DAYS OF RECEIPT OF THE CONFIRMATION OF THE ABOVE MT-799 PRE-ADVICE INDICATING ITS WILLINGNESS TO ACCEPT OUR MT760, LESSOR’S ISSUING BANK THEN ISSUES THE BANK GUARANTEE (BG) OR SBLC VIA SWIFT MT-760 (AS PER "APPENDIX C") TO LESSEE’S DESIGNATED BANK RECEIVING ACCOUNT. LESSOR SHALL PROVIDE A SCANNED COLOR COPY OF SAID MT-760 TO LESSEE’S EMAIL ADDRESS FOR TRACING LATER.

 

7)   WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT-760 BANK GUARANTEE (BG) OR SBLC, LESSEE'S PAYING 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 EACH OF THE CONSULTANTS AS PER THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT ATTACHED HEREWITH AS PART OF THIS CONTRACT.

 

8)   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 BANK BONDED COURIER.

 

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 IN IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.

 

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