contractfordeutschem.docVIP

BANK GUARANTEE FUNDING AGREEMENT (Reference No.: NORCAL/DEUTSCHE/500M-2014-001) between Party A, (Beneficiary), XXXXXXXXXXXXXXXXX, represented here by its President Mr. owner of the passport No. , which expires , hereby declares with full legal responsibility and under the penalty of perjury and other charges that he is able and willing to provides the Financial instruments mentioned hereunder. and Party B, (Funder) Norcal Venture Capital Group (H.K.) Limited and represented by Mr. Edward Kok Wah Chi owner of the US passport 218243877 which expires on June 12th, 2016 is ready, willing and accepting on receive and fund against the Seasoned Bank Guarantee No.: (hereinafter as referred “BG”) to the Beneficiary at its account and to arrange the Loan to Value (LTV) for the Beneficiary of the BG a guarantee LTV of 70% maximum of the Face Value, including 2% commission. If there any monetization percentage is higher than 70%, the Benefiiciary is agreeing to return to Funder as the “Transaction Bonus”. The Beneficiary to be appointed by the Funder in according to the Beneficiary’s Coordinator as below mentioned. Parties will sign this Agreement electronically and exchange it to each other via email throught their respective Consultants. Subject of the Agreement A Bank Guarantee issued by: DEUTSCHE BANK AG, FRANKFURT, GERMANY Address: in the following amount: €500,000,000.00 Euro (Five Hundred Million Euro). BANK INSTRUMENT DESCRIPTION: Rules and Regulations applied. BANK INSTRUMENT DESCRIPTION: Instrument : Bank Guaratee (BG), Fully Cash-backed, ICC500 Format Reference Transaction Code : Age : Slightly Season Interest Rate : Zero Percent (0%) Coupon Term : One (1) Year and One (1) month ISSUE DATE : xxxxxx 2014 ISSUE DATE : Expiry one year one month Issuing BanK : deutsche bank ag, frankfurt, germany Currency : € Euro Contract Amount : €500,000,000.00 (Five Hundred Million Euro) FUNDING RATE : Maximum 68% + 2% including commission of the Face Val