From: John Mills <jnrjohnmills@yahoo.com>
Date: Fri, 31 Dec 2010 09:01:57 -0800 (PST)
Subject: Bank Guarantee


Dear  Friend,        
I, [XXXXXXXXX], holder of Passport No:[XXXXXXX], authorized signatory for [BUYER COMPANY NAME],  (hereinafter “The Buyer”)  hereby confirm with full corporate and legal responsibility, under penalty of perjury of law that we are ready, willing and able Authorized you Company Signature to purchase the following bank instruments, under the conditions described below with good, clean clear unencumbered EURO/USD of non-criminal origin.
 
Description of Instrument:
 
Instrument:                             Bank Guarantee (BG) – Exhibit “A”

Age:                                        “Fresh Cut”

Interest Rate:                          Zero Percent (0%)

Term:                                      One (1) Year and One (1) Day

Issuing Banks:                         HSBC BANK LONDON

Address :                                 8 CANADA SQUARE LONDON E14 5HQ UNITED KINGDOM

Currency:                               EURO/USD

Contract Amount:                    5 (five) Billion up to 50 (fifty) Billion EURO/USD

Emission Rate:                        50%+1%+1% Percent of BG Face Value

Commission:                           one Percent ( 1%) of Face Value for Seller’s side –closed-      one Percent ( 1%) of Face Value for Buyer's side Exhibit “D”

First Tranche:                          500 (five-hundred) Million

Subsequent Tranches:         1 (one) Billion or as agreed

Denomination:                         50/100/500

Mode of Payment:                  SWIFT MT-103/MT760

Delivery:                                  SWIFT MT-760 only followed by Hardcopy to be delivered via Bank courier within seven (7) banking days

 
 
TRANSACTION PROCEDURES

SELLER PROCEDURES
1. Buyer sends letter of intent (LOI) to the Seller. The LOI should contain copies of Buyer’s passport, Company’s resolution and Client’s Information Sheet (CIS), Company Registration and IMFPA.
 
2. Seller countersigns this LOI and returns to Buyer with seller’s company registration and signatory’s passport, and this LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract to their respective banks.
 
3. After both sides sign the contract, within 3 banking days, Seller’s bank will send MT-199/799 (Exhibit B1) to Buyer’s bank to verify Buyer’s capability to receive the said BG, Buyer’s bank reply MT-199/799(Exhibit B2) to confirm that the buyer has full capability to receive the said BG and able to complete the transaction which can be verified by the Seller. Buyer will incur Bank charges for swift MT799 transmission to their bank account.
 
4. Within Five (5) banking days upon successful verification of buyer’s capability to receive the said BG, Seller’s Bank sends Pre-Advice of Bank Guarantee full information by SWIFT MT-799 to Buyer’s Bank. On receipt of the SWIFT MT-799, Buyer’s Bank starts verification with Seller’s Bank, inclusive of confirming delivery of the BG upon satisfactory verification.
 
5. Within three (3) banking days the Buyer will arrange their paying bank to deliver Irrevocable Conditional Bank Pay Order (“ICBPO”) by Swift MT-103/23 in favor of Sellers designated parties to pay the required funds.
 
6. Within Five (5) banking days upon the arrival of Swift MT-103/23 ICBPO successful verification, Seller’s bank will deliver the Bank Guarantee via Swift MT-760 to Buyer’s designated receiving bank coordinates.
 
7. Upon successful verification and authentication of the Swift MT-760 of the BG, the Buyer’s bank will remit the full amount as stated in the ICBPO within Three (3) banking days via Swift to pay the required fund.
 
8. Within seven (7) banking days after receiving the funds as per ICBPO, the issuing bank sends the original hard copy of the BG to Buyer’s bank by bank-bonded courier.
 
9. Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited.
 
10. This Letter of Intent is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside. This LOI is also governed by the standard under ICC Regulation.
 
 
 
EXHIBIT “A”
 
BANK GUARANTEE VERBIAGE (URDG 458)
(Via MT760)
(Specimen copy – Final verbiage as per issuing bank standard ICC format)
 
Name of Advising Bank      :
Bank SWIFT Code               :          
Attention Bank Officer      :
Name of Issuing Bank         :           ………………………………….
Issuing Bank address         :           …………………………………..
Bank SWIFT Code               :           ………………………………..
Bank Officer                         :           …………………………………..
Bank Guarantee Number    :          …………………………………..
Beneficiary                           :           …………………………………...
Address                                :           ……………………………………
Currency                               :           EURO
Amount                                 :           EURO……………………………
Issuing Date                         :           ……………………………………
Maturity Date                        :           ……………………………………
 
We, [ISSUUNG BANK/ADDRESS], with full banking responsibility herewith issue irrevocably and unconditionally without protest or notification promise to pay against this Bank Guarantee No:-…………… in favor of ………………… on maturity date the sum of EURO in the lawful currency of the EURO CURRENCY upon presentation to us of the original of this Bank Guarantee at our counters on maturity date, but not later than fifteen days after the maturity date.
Such payment shall be made without set-off and clear of any deductions, charges, fees or withholdings of any nature, now or hereinafter imposed, levied, collected, withheld or assessed by the Government of the Issuing Bank or any political subdivision or authority thereof or therein.
This Bank Guarantee is transferable and assignable without presentation to us or payment of any transfer or assignable fee.
This Bank Guarantee is subject to the Uniform Rules for Demand Guarantee under ICC Publication No: 500.
 
 
 
______________________                         ____ ________________________
BANK OFFICER                                BANK OFFICER
 
 
NOTE: THE TEXT OF THE BG MAY VARY FROM BANK TO BANK BUT NOT IN ITS SUBSTANCE.IF SENT BY SWIFT, THIS INSTRUMENT WILL NOT BEAR BANK OFFICER SIGNATURES.
 
 
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More detailed information will be delivered if the buyer is really interested to buy and accepts the concerning procedure.
 
 
Kind regards,
John Mills