MOU LEASE 6+2%.doc

COOPERATIVE FINANCING AGREEMENT THIS COOPERATIVE FINANCING AGREEMENT (HEREINAFTER REFERRED TO AS “AGREEMENT”) IS EXECUTED WITHOUT PREJUDICE OR CONFLICT OF INTEREST, DULY UNDERSTOOD AND SIGNED BY BOTH PARTIES ACTING AT THEIR OWN ACCORD ON 14th,MARCH 2014, BY AND BETWEEN: CORPORATION NAME ADDRESS REPRESENTED BY POSITION THE PARTY A (THE BG ISSUING PARTY), HEREBY CONFIRMS, WITH FULL LEGAL RESPONSIBILITY, UNDER PENALTY OF PERJURY OF LAW THAT WE ARE READY, WILLING AND ABLE TO DELIVER THE BELOW-DESCRIBED BANK INSTRUMENT, UNDER THE TERMS AND CONDITIONS DESCRIBED BELOW, BASED ON GOOD, CLEAN, CLEAR UNENCUMBERED FUNDS OF NON-CRIMINAL ORIGIN; AND CORPOARATION NAME REG. ADDRESS REPRESENTED BY POSITION THE PARTY B (THE FUND FACILITATING PARTY), HEREBY CONFIRMS, WITH FULL LEGAL RESPONSIBILITY, UNDER PENALTY OF PERJURY OF LAW, THAT WE ARE READY, WILLING AND ABLE TO FUND AGAINST THE BELOW-DESCRIBED BANK INSTRUMENT, UNDER THE TERMS AND CONDITIONS DESCRIBED BELOW WITH GOOD, CLEAN, CLEAR, UNENCUMBERED FUNDS OF NON-CRIMINAL ORIGIN. BOTH PARTIES COLLECTIVELY SHALL HEREIN BE REFERRED TO BE AS THE “PARTIES”. BANK INSTRUMENT DESCRIPTION INSTRUMENT : STAND-BY LETTER OF CREDIT (SBLC), CASH BACKED, ICC 600 FORMAT TYPE : OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED TERM : ONE YEAR AND ONE DAY ISSUING BANK : CREDIT SUISSE, DEUTSCHE BANK OR TOP 25 WORLDWIDE BANK CONTRACT AMOUNT : USD$ TEN MILLION DOLLARS (USD$ 10,000,000 ONLY) WITH ROLLS AND EXTENSIONS FIRST TRANCHE : USD$ TEN MILLION DOLLARS (USD$ 10,000,000 ONLY) CURRENCY : UNITED STATES DOLLAR ($) PRICE : 6% + 2% - WITH 1% TO LESSOR SIDE AND 1% TO LESSEE SIDE PAYMENT : DIRECTLY WIRE TRANSFER (MT103) AFTER MT-760 RECEIVED AND VERIFIED DELIVERY MODE : SWIFT MT-760 ORIGINAL HARD COPY BY BANK BONDED COURIER TRANSACTION PROCEDURES 1)? PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORYS PASSPORT