1. INSTRUMENT TYPE: BANK GUARANTEE, CASH BACKED, ICC 458 FORMAT 2. TERM: OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED 3. AGE: ONE YEAR AND ONE DAY 4. ISSUING BANK: DEUTSCHE BANK , BARCLAYS, CREDIT SUISSE OR ANY AAA RATED BANK 5. INTEREST RATE: ZERO COUPON 6. PRICE: 6% OF FACE VALUE 7. COMMISSION: 2% OF FACE VALUE 8. CURRENCY: EUROS 9. CONTRACT AMOUNT: EURO 500,000,000.00 (FIVE HUNDRED MILLION EURO), WITH ROLLS AND EXTENSIONS 10. FIRST TRANCHE: EURO 500M 11. SUBSEQUENT TRANCHE: AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE) 12. DELIVERY: BANK TO BANK SWIFT FOLLOWED BY HARD COPY BY BANK BONDED COURIER 13. PAYMENT: SWIFT MT103
PROCEDURES: 1) The LESSEE sends Deed Of Agreement (DOA) to the LESSOR that contains copies of the following documents: I. Lessees Passport (High Resolution Scan) II. Companys Board Resolution III. Clients Information Sheet (CIS) IV. Company Registration V. Irrevocable Master Fee Payment Agreement (IMFPA) VI. LETTER OF CONFIRMATION BY LESSEE THAT HE IS ABLE TO PROVIDE THE ICBPO
2) This DOA automatically becomes a full commercial non-- recourse contract to be executed and lodged with their respective banks when the LESSOR countersigns this DOA and returns to LESSEE with the following documents I. Lessors Passport (High Resolution Scan) II. Clients Information Sheet (CIS) III. Company Registration
3) No later than ONE (1) banking day, LESSEEs bank will SWIFT the POF--BLOCKED FUNDS to LESSORs Bank via MT799 for the six (6%) Percent of the BG face value
4) Within three banking days upon satisfactory verification and authentication of MT799--BLOCKED FUNDS from LESSEE s Bank, LESSOR shall send the Bank Guarantee Swift MT760 to the LESSEEs bank.
7) Within three Banking days upon authentication of MT--760, the LESSEEs Bank will release payment of Invoice price by Swift MT--103. The LESSEEs Bank will pay the intermediary fees to all intermediaries in accordance with the IMFPA.
8) Within 5 banking days after receiving the payment, Hard copy will be sent to LESSEEs bank by bank--bonded courier.
9) Should LESSEE default to pay the Lease price to the LESSOR and the brokers commission fees as agreed after three (3) banking days of confirmation of MT760 in LESSEE's bank account, the LESSOR will instruct the issuing bank to put a claim on the BG thereby forcing the LESSEE's bankers to return the BG MT760 to the issuing Bank.
10) Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this Transaction shall be prohibited and contract terminated
11) Sanctions (Non Performance) After this contract is signed by both The Provider and The Investor, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedure in time and from herein is considered breach of this contract and puts the failing party in default position to pay a onetime penalty fee of 2% of the first tranche of the contract to the suffering Party within 3 banking days.