Instrument Issuance Procedure

Step 1:

Applicant sends an application form or a proforma invoice.

Step 2:

Documents provided are being reviewed to assess feasibility of the transaction, ability to deliver per requested manner and determine instrument pricing.

Step 3:

Draft is released to client for approval.

Step 4:

Upon client approval of the verbiage, we will distribute the following issuance documents, to be executed by the applicant:

• Contract

• Invoice for associated charges

And require the following documents:

•Copy of applicant passport/ID intermediary

•Copy of intermediary passport/ID (if different than applicant)

•Copy of applicant co. articles of incorporation/business registration documents

•PFI/PO/sales agreement etc. relevant to underlying transaction the instrument will support

Step 5:

Client makes payment of fees as per agreed upon payment structure. Assuming we are in receipt of the above issuance documents, instrument will be issued within two business days of fees posting to our accounts. Please note the following:

Client shall provide TT/Wire copy of payment made to our account-final draft will not be issued without payment receipt on file.

Step 6:

We will release the instrument to the beneficiary/beneficiary bank per the specifications.

Step 7:

Copies of released instrument are then forwarded to the applicant via email. In case that the intermediary is separate from the applicant, information will be forwarded to intermediary for further distribution to applicant.

nsalmon@staralliancetrading.