BANK DRAFT

1. PROCEDURES:

1) receiver and sender execute, sign and initial this deed of agreement and Receiver get the final signed copy of this doa:

1-1 Endorsed by his bank ( last page without any changes or deleting any word)
OR
1-2 Issue RWA/BCL letter on bank letter head as per requested text by provider
OR
1-3 open an escrow account and deposit 100,000 euro in name of provider as security for performing

2) within 2 (two) banking days after getting final endorsed contract, the provider bank sends soft copy of the bank draft and confirmation letter to receiver bank. Bank officer’s mail to bank officer’s mail.

3) within 2 (two) banking days after verification of soft copy, receiver bank will issue an undertaking paymentmt799 in favour of the provider (verbiage in annex 4)

4) upon receipt of the undertaking payment mt799, provider shall confirm it by MT110 swift to receiver bank (verbiage in annex 5)

5) after reception, authentication and confirmation of MT110, within 2 banking days receiver instructs his bank to release the total payment of 20% of the total value of the bank draft to provider their provided/nominated bank account via swift wire transfer MT103 same day value, day of receipt , as long as 2% for consultancy fee to the beneficiaries banks indicated at annex ‘6 ‘ FPA

6) the original bank draft will be sent to the receiving bank by bonded courrier, immediately after confirmation of the full payment.

7) note: any unauthorized calls made by any party or its representatives to probe or communicate in an improper way to bank(s) and provider in this transaction shall be prohibited and contract terminated and the bank draft copy will only be confirmed via bank to bank secured email with bank officer assigned.