WHEREAS. The PROVIDER desires to sell and transfer and assign all rights title and interest of the BG/ SBLC available to the RECEIVER. PROVIDER represents and warrants that it has the ability and resources to arrange through associates, contacts and sources, with full corporate responsibility, financial instruments per the terms of assignments to be provided to RECEIVER. PROVIDER hereby declares under penalty of perjury that the BG/SBLC will be cash backed by funds that are good, clean, clear, and free of noncriminal origin, the BG/SBLC will be free and clear of all liens, encumbrances and third party interests.