WHEREAS: The ISSUER covenants that they have the mandate and legal authority to invest and provide an authentic, legitimate, bank collateral (the " Bank Instrument") as fully described in Article 1.0 below, derived and issued under due process and obtained in compliance with proper procedures, rules and regulations of issuing sovereignty, delivered free of all liens and/or encumbrances as security for re-payment of funding.
WHEREAS: The BUYER warrants that they have the legal authority and the financial resources via international banking arrangements in collateralizing the authentic, legitimate, commercial bank collateral as fully described herein below with good, clean and cleared documented funds of non criminal origin.
THEREFORE IN MUTUAL CONSIDERATION OF THE COVENANTS AND OBLIGATIONS CONTAINED HEREUNDER, THE SIGNATORIES HEREBY AGREE AS FOLLOWS: