PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT,TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATIONAND THEIRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER.
2 AFTER COMPLETED DUE DILIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY A’SFULL BANKING COORDINATES TO PARTY B, AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS.
3 ON CONFIRMATION OF CONTRACTS LODGED IN RESPECTIVE BANKS PARTY A WILL DELIVER THE RWA PRE-ADVICE VIA SWIFT MT799 TO PARTY B’S BANKING COORDINATES.
4 AFTER PARTY B’S BANK RECEIVES RWA PRE-ADVISE MT-799 , PARTY B’S BANK UPON CONFIRMATION OF MT-799 BANK SHALL REPLY BACK MT799 (BPU) PAYMENT UNDERTAKINGASKING FOR MT 760 TO BE RELEASED TO PARTY B’S BANK
5 UPON AUTHANTICATION OF MT-760 .PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED ACCOUNT VIA UNCONDITIONAL MT103 PAYMENT AS 11+2% WITHIN 7 WORKING DAYS AND 15+2% WITHIN 45 WORKING DAYS, AND SIMULTANEOUSLY PARTY B‘S PAYS THE CONSULTING FEES PER EACH TRANCHE TO THE CONSULTANTS AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT & IRREVOCABLE CORPORATE PAYMENT ORDER.
6 WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS
7 ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES,UNTIL COLLATERALOR FUNDS BECOME EXHAUSTED.