PROCEDURES

1.1. BUYER ISSUES A FULL LOI OR ICPO ON BEHALF OF SUPPLIER AFTER AGREEING THE PRICE AND TERMS OF TRADING.

1.2. SELLER SHALL ISSUE A FULL CORPORATE OFFER (FCO) TO BUYER TO ACCEPT SIGN AND RETURN TO SELLER.

1.3. BUYER SHALL ISSUE AN IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) TO SELLER.

1.4. SELLER SHALL ISSUE A DRAFT SALES AND PURCHASE AGREEMENT (SPA) TO BUYER TO SIGN COMPANY SEAL AND RETURN TO SELLER, SELLER SHALL DULY
SIGN COMPANY SEAL THE SALES AND PURCHASE AGREEMENT (SPA) AND SEND TO BUYER, THE SALES AND PURCHASE AGREEMENT SHALL BE OPERABLE
WHEN SIGNED AND COMPANY SEALED BY THE BUYER AND SELLER.

1.5. UPON LODGING OF SIGNED CONTRACT WITH BANKS, BUYER’S BANK SHALL ISSUE VIA SWIFT AN IRREVOCABLE DIVISIBLE TRANSFERABLE DLC OR SBLC AT
SIGHT MT700 OR MT760 100% CASH BACKED, FULLY FUNDED AN OPERATIVE LETTER OF CREDIT TO SELLER’S BANK WITHIN FIVE (5) BANKING DAYS OF
EXECUTING THE SALES AND PURCHASE AGREEMENT (SPA)

1.6. AFTER SELLERS’ BANK HAS RECEIVED LETTER OF CREDIT CONFIRMED, BANK ADVISES SELLER OF SUCH IT PROCEEDS TO ISSUE THE PERFORMANCE BOND
(PB) 2% AGAINST OPERATING LETTER IN 7 TO 10 DAYS FOR THE FIRST SHIPMENT ON BEHALF OF THE BUYER AND SELLER SHALL START TRANSPORTING
PRODUCT TO THE LOADING PORT TO LOAD CHARTERED VESSEL WITHIN TWENTY (20) DAYS OF SELLER’S BANK RECEIVING THE CONFIRMATION ON THE
LETTER OF CREDIT.

1.7. AT LOADING PORT, SGS (SOCIETY GENERAL DE SURVEILLANCE) AND CCIC INSPECTION BY BUYER MUST COMPLETE CARGO INSPECTIONS. THE PARTIES
IRREVOCABLY AGREE THAT SGS OR BUREAU VERITAS IS THE OFFICIAL AUTHORIZED INSPECTION AGENCY AND THEIR DOCUMENTS RULE AND ARE FINAL
UNDER THIS CONTRACT. BUYER IS INVITED TO VISIT PRODUCT AT THE PORT OF LOADING OR SEND HIS OWN INSPECTION TEAM AT BUYER’S COST TO
ATTEND SGS INSPECTION AT THE LOADING PORT. ONCE COMPLETED THE INSPECTION AND ALL SHIPPING DOCUMENTS ARE ISSUED, THE PACKAGE OF
SHIPPING DOCUMENTS WILL BE SENT TO SELLER’S BANK WHICH IN TURN WILL FORWARD IT TO BUYER’S BANK THAT WILL PROCESS PAYMENT AND
FORWARD IT TO SELLER’S BANK. SELLER UPON RECEIPT O PAYMENT, SELLER WILL SEND ORIGINAL SHIPPING DOCUMENT TO BUYER BY DHL OR
EQUIVALENT FOR CLEARANCE OF CUSTOMS.

1.8. BUYER AND SELLER SHALL SIMULTANEOUSLY HAND SIGN AND COMPANY SEAL FOUR (4) ORIGINAL HARD COPIES OF THE SALES AND PURCHASE
AGREEMENT (SPA) MADE INTO PDF FORMAT THAT IS ACCEPTABLE BY BUYER AND SELLER AS LEGAL BINDING ORIGINAL HARD COPIES OF THE SALES AND
PURCHASE AGREEMENT (SPA). SELLER SHALL DISTRIBUTE THE EXECUTED FOUR (4) ORIGINAL HARD COPIES OF THE SALES AND PURCHASE AGREEMENT
(SPA), SELLER SHALL PROVIDE ONE HARD COPY TO THE SELLER’S BANK AND THE SELLER SHALL KEEP ONE COPY. THE ORIGINAL HAND SIGNED COMPANY
SEALED ORIGINAL HARD COPIES IN PDF FORMAT SHALL SUPERCEDE THE DRAFT COPIES OF THE SALES AND PURCHASE AGREEMENT (SPA) AND SHALL BE
ACCEPTABLE LEGAL BINDING DOCUMENTS FOR EACH OF THE PARTIES AND THEIR BANKS. ONCE FULL PAYMENT IS RECEIVED FOR THE SHIPMENT, A
COMPLETE SET OF ORIGINAL DOCUMENTS WILL BE SENT TO BUYER OR HIS DESIGNATED BANK SO SHIPMENT CAN CLEAR CUSTOMS AT THE COUNTRY
OF ARRIVAL OR IF PREFERABLE ORIGINAL DOCUMENTS WILL BE SENT FROM SELLER’S BANK TO BUYER’S BANK.

1.9. UNDER INTERNATIONAL AND NATIONAL LAWS TO WHICH *******************ARE GOVERNED, THE SENDING OF CONFIDENTIAL DOCUMENTS,
SUCH AS THE SUBMISSION OF DOCUMENTS, CONTRACTS WITH SUPPLIERS AND OTHER PURCHASING COMPANIES, IS EXTREMELY ILLEGAL AND CAUSES
US TO VIOLATE THE INTERNATIONAL TERMS OF THE INTERNATIONAL CHAMBER OF COMMERCE. (ICC).

1.10. WITH THE CONTRACT IN HAND, REQUESTING DIFFERENT PROCEDURES SUCH AS DOCUMENTATION REQUEST AND VISITS TO FACTORIES, WAREHOUSES
AND PRODUCERS, AND WHAT IS NOT NEGOTIATED BETWEEN BUYERS AND SELLERS, WILL BE CONSIDERED SPECULATORY AND OUTSIDE WHAT HAS
BEEN AGREED AND SIGNED MAY LEAD THE CANCELLATION OF THE AGREEMENT.

1.11. WE DO NOT SEND PHYSICAL SAMPLES, WITHOUT EXCEPTION.

1.12. WE DO NOT SEND PHOTOS OR VIDEOS TO AVOID DISTURBING THE PRIVACY AND IDENTITY OF OUR SUPPLIERS.

1.13. ALL PAYMENTS MUST BE RELEASED AT THE PORT OF LOADING, WE DO NOT ACCEPT ANY PAYMENT RELEASE AT THE PORT OF DESTINATION.

1.14. ALL INSPECTION BY SGS / CCIC-CIQ MUST BE DONE AT THE PORT OF LOADING. THE SGS REPORT AT THE PORT OF SHIPMENT IS THE ONLY REFERENCE FOR
PAYMENT, WE DO NOT PERFORM ANY INSPECTION AT THE PORT OF DESTINATION.

1.15. ALL PROCEDURES MUST BE FOLLOWED FOR THE NEGOTIATION TO CONTINUE.