Worldwide network for the Procurement of PPE products with a strong focus on Nitrile Gloves

B: After fulfilling the above conditions, buyer and seller will execute below SOP:

a) Buyer: SOP + SOP acknowledgement + ATV from top US Bank with banker’s business card. Seller: Joint Online SGS verification 48-72hours after successful due diligence & funds verification.

b) Buyer: NCNDA & IMFPA + LOA + ICPO + KYC; Seller: NCNDA & IMFPA + FCO1 or LOA1 + confirmed ICPO.

c) After SPA and dual management agreements are signed, partial redacted SGS can be provided upon request. Funds will be transferred via TT, there will be dual signatories for joint management of thebank account.

Buyer needs to cooperate with financial operation and issue bank payment undertaking (BPU). After completion of the above, the seller can provide Full SGS or LOA to include information on report #, project reference #, title ownership and executing SGS.

d) Payment Methods

TT to titleholder’s bank account in DBS Bank (Singapore)

TT to titleholder’s bank account in the USA

Buyer keeps 105% of total contract value in his own bank account in the top 10 US bank for joint management with title holder.

e) Buyer uplift the goods as per agreed schedule and release payment within the same day.

Remarks: * Only top 10 US Banks will be accepted as Proof of funds.

**Only liquid funds will be accepted and funds will be confirmed by bank officer on an AtoA call. Assets with LC and RWA and ETA from Financial/Bank/institutions/trust funds will not be accepted.

***Seller carries out due diligence and fund verification it deems necessary in its sole discretion and if needed, will request for further documents/information to complete due diligence and fund verification. There
will be two rounds of funds verification – 1) seller attorney to verify authenticity 2) Financial company to verify that funds are clean, clear and transferable.

**** POF (ATV) from banks outside of USA, please provide fund description, CIS, bank statement and banker’s business card.

***** Redacted SGS: 1) BCL + bank statement to confirm that funds are movable. 2) Both parties sign SPA and dual management agreement.

Friendly reminder: The SOP is for the end buyers only. Proxy buyers who don’t own the funds (under their name), please accept position as buyer mandate and allow end buyers to transact directly with titleholder to ensure a smooth and successful transaction.