BG 76+1 BY SWIFT MT 760 1B

Description

INSTRUMENT DESCRIPTION                

PROCEDURES:

1. The Investor, Submits Client Information Sheet, Bank Coordinates, Color Passport Copy, Corporate Resolution and this Contract signed

2. Upon satisfactory due exactness, Collateral Provider accepts signs, seals and returns this Contract concluded with full banking details, Passport copy and this Contract involuntarily becomes a full commercial way out contract and then both parties shall lodge this signed contract to their respective banks.

3. Surrounded by 72 banking hours after this contract has been lodged in parties’ banks, the Collateral Provider shall instruct his bank to issue RWA via MT 199 (as per Appendix A.) to the Investor  banking account to confirm his readiness to deliver said  Bank Guarantee  (BG)  by Pre-Advice MT 799 followed by a SWIFT MT 760. Collateral Provider sends at once after the transmission of the Swift MT 199 a courtesy copy of the Swift transcript (an first bank copy counting all codes etc.) to the Investors  via e-mail: xxxxxx

4. After the successful verification and authentication of Collateral Provider´s RWA, the Investor   shall instruct his bank to issue ICBPO via MT 799 (as per Appendix B.) with emission amount counting the consultants’ fee (76%+1%) surrounded by 48 banking hours. The Investor sends at once after the transmission of the Swift MT 799 a courtesy copy of the Swift transcript  (counting all codes etc.) to the Collateral Provider via e-mail:__________________

5. After getting and the fruitfully authenticating the Investor’s ICBPO the Collateral Provider shall instruct the issuing bank to deliver the BG to the Investor’s Bank account via SWIFT MT 760. Once the SWIFT MT 760 has been delivered and fruitfully verified and authenticated the Investor shall remit the full Payment to the Collateral Provider’s assigned accounts surrounded by three (3) banking days. Collateral Provider sends at once after the transmissions of the Swift MT 760 a courtesy copy of the respective Swift transcripts (an first bank copy counting all codes etc.) to the Investor via e-mail: xxxxxxxxx

6. Surrounded by seven (7) banking days after having received the payment, the issuing bank shall send the first Bank Guarantee hard copy per authenticated bank courier.

7. The Consultants’ Fees shall be disbursed and paid by the Investor at the time of each tranche in accordance with the terms of the MFPA, which is incorporated herein by allusion as material condition of this contract.

Subsequent tranches shall be scheduled and implemented in a timely style by the Parties hereto.