1) Upon receipt of the CD SWIFT down via MT-542 received and authenticated by Lender’s bank a NON-RECOURSE LOAN 4,500,000,000 EUR) (90% LTV) will be paid via SWIFT MT-103 WIRE TRANSFER to the nominated account of Sneftco AG by the borrower within 5 working days after which the HARD COPY will be sent to the lender’s bank within next 7 banking days.