PROCEDURE
1. Buyer to accept the Full Corporate Offer (FCO) and returns as endorsed. 2. Upon acceptance of the FCO, Seller shall make available a draft of the Memorandum Of Understanding (MOU) for the Buyer’s preview. 3. Both Buyer and Seller to sign initial MOU whereby indicating that the transaction shall be Bank to Bank basis and that Seller’s Bank shall confirm to the Buyer’s Bank the availability of the said commodity with the necessary document accompanying the commodity. 4. The Buyer’s Bank shall in return confirm the availability of Funds for the purchased of the said commodity and have the funds earmarked for the Seller to paid via Bank to Bank. 5. Upon completion of the Clauses 3 and 4 above, both the Buyer and Seller shall enter into an actual Sales and Purchase Contract, which shall be lodged with the respective Banks for execution. 6. Transaction shall be closed for the first tranche within 72 (seventy two) hours of the Banks receiving the Sales and Purchase Contract. 7. Upon completion of the first tranche, both Buyer and Seller will set schedule for the subsequent tranches. 8. Commission for respective groups will be paid by respective Buyer and Seller. 9. Contract deposit for both Seller and buyer has to be agreed upon.

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