Seller #1

Procedures

• Seller issues offer to buyer.

• Buyer issues ICPO with full banking.

• Upon acceptance of ICPO the Seller issues draft contract to Buyer.

• Buyer signs and returns to Seller.

• Seller issues copies of Contract.

• Seller and Buyer lodge and register contracts with their respective banks.

• Buyers bank contacts Sellers bank and issues a SWIFT MT799 to Sellers bank acknowledging the (RWA) readiness of issuing a Fully Funded, Revolving, Irrevocable and Transferable Documentary Letter of Credit (DL/C) for the purchase of Product per month for the duration of the contract.

• Immediately after verification of POP, Buyer opens non-operative DLC.

• Within three (3) International Banking days from receipt of DLC, Seller’s Bank shall issue a two percent (2%) Performance Bond (PB) to Buyer’s Bank in favor of the Buyer activating the DLC.

• Contract becomes effective.

• All banking charges including confirmation from the Buyer’s bank shall be borne by the buyer and all banking charges incurred by the Seller at Seller’s bank shall be borne by the Seller.

• Should any amendments to the DLC be requested once the same had been issued, then the Party requesting the charge will be responsible for the payment of the related costs, unless charges are needed to construct the instruments in compliance with the Agreement, then the costs shall be borne by the faulting Party.

• To initiate process send completed ICPO with banking information and permission for soft probe or BCL.