Sell

Description

1.     The Buyersubmits the following documents to the Seller via

the Seller’s rep.

        1.1    Letter of Intent/Contract (LOI).

1.4 Exhibit A (Pre-Advice Swift MT***9), Exhibit B (MT***9

ICBPO) & Exhibit C (MT***0). 

         1.5    Client Information Sheet (CIS)

         1.6    Irrevocable Fee Protection Agreement (IFPA)

         1.7 Proposed Tranching Schedule

         1.8 Buyer Signatory and Colour Copy of Passport

         1.9 Buyer Certificate of Incorporation (COI)

2.     Upon successful due diligence of the Buyer byThe Seller’s

Organizations, the SELLER willcountersign this Letter of Intent and return to the Buyer withthe Seller’s Signatory andcolor copypassport andSeller’s Certificate of Incorporation and both the Buyer and Seller will lodge this fully recourse contract with their respective banks.

3.     Within Three (3) banking days, the Seller will instruct his Issuing Bank to send Pre-Advice Swift MT***9 (pls see verbiage in Exhibit A attached) to the Buyer’s designated receiving banking coordinates and a courtesy copy of the Swift MT***9 will be sent to the Buyer’s email address. 

4.     Within Three (3)  banking days upon the receipt and

authentication of Pre-Advice Swift MT***9, the Buyer designated paying bank shall issue in favour of the Seller, the Swift MT***9 ICBPO (pls see verbiage in Exhibit B attached) in the amount of *3% of the Face Value of the BG and a courtesy copy of the Swift will be sent to the Seller’s Rep email address.