DMI- MT-103 CASH ONE WAY

DESCRIPTION OF HSBC BANK INSTRUMENT:

1.INSTRUMENT:         SWIFT MT103 ONE WAY

2.ISSUING BANK:        HSBC LONDON

3.TOTAL CONTRACT:  € XXXXXXXXXXXXXXXXXXXXXXXX

4. FIRSTTRANCHE:   € XXXXXXXXXXXXXXXXXXXXXXXXX

5. SELLING PRICE:     10 +2  

6. PAYMENT:                BY MT103, AFTER 72 HOURS FROM THE SWIFT AND SEE IT ON THE SCREEN THE                BANK PAY THE 10+2

A/C :DMI TRADING CORP/DMI HOLDINGS  

TRANSACTION PROCEDURES

TRANSACTION PROCEDURES

1. Party A (The Provider) and Party B (The BENEFICIARY) execute, sign and initial this Deed of Agreement which thereby automatically becomes a full commercial recourse contract.

2. Party B (THE BENEFICIARY) shall wire the liquidation & auditor bank handling charges of $00,000 to Provider bank account, upon confirmation of payment, Party A swift MT103 to Party B.

3. Party A (The Provider) bank sends the instrument via Swift MT103 to Party B (The Receiver) receiving bank account, within 24 (twenty-four) banking hours, and provides Swift copy to Party B(The Receiver) for verification.

4. Party B (The Receiver), upon receipt of the Swift copy, shall verify and authenticate the transmission of the Instrument sent via SWIFT MT 103, within 24 (twenty-four) banking hours.

5. Party B (The Receiver), after receipt and successful verification of MT103 only, will then instruct his bank to release the 10% to Party A’s (The Provider) and 2% agent’s paymaster designated bank account immediately ( after 72 banking hours from the swift was received and see it on the screen).

Note: This procedure will be used as per tranche schedule.