PROCEDURES AFTER COMPANY LETTERHEAD LETTER OF INTENT IS RECEIVED SIGNED AND SEALED

PROCEDURE

PROCEDURES AFTER COMPANY LETTERHEAD LETTER OF INTENT IS RECEIVED
SIGNED AND SEALED:

1. SELLER ISSUES TO BONA FIDE BUYER OR NOTORISED BUYERS MANDATE THIS
SIGNED AND SEALED FULL CORPORATE OFFER;

2.BUYER SIGNS AND SEALS WITH CORPORATE STAMP THIS FULL CORPORATE OFFER
AND RETURNS WITH A FUNDS CONFIRMED CERTIFICATE FROM A TOP 50 PRIME WORLD
BANK OR A SIGNED SEALED BANK COMFORT LETTER OR A BANK ENDORSED ICPO TO
BELLETON IMPORT EXPORT VIA FAX OR COURIER;

3. SELLER ISSUES A DRAFT CONTRACT FOR BUYERS APPROVAL, SIGNATURE SEAL AND RETURN WITHIN FIVE( 5 ) BANK DAYS BY COURIER TO BELLETONIMPORT EXPORT.

4. SELLER ISSUES A FINAL HARD COPY CONTRACT FOR BUYERS APPROVAL, SIGNATURE SEAL AND RETURN BY COURIER TO BELLETON IMPORT EXPORT.

5. BUYER SUBMITS A COPY BY FAX OF THE BUYERS LETTER OF CREDIT TEXT FOR
REVIEW AND ACCEPTANCE BY THE SELLER. BUYERS BANK SEND A COMMITMENT AND PROOF OF FUNDS LETTER TO SELLERS BANK TELEX. SELLERS BANK SEND PROOF OF PRODUCT BY TELEX TO BUYERS BANK ALONG WITH TWO ( 2% ) NON OPERATIVE
PERFORMANCE BOND.

6. BUYERS BANK ISSUES THE LETTER OF CREDIT AND ACTIVATE THE PRIME BANK GUARANTEE TO THE SELLERS BANK. THE BUYERS LETTER OF CREDIT ACTIVATES THE SELLERS TWO( 2% ) PERFORMANCE BOND.

7. BUYER AND SELLER FOLLOW PROCEDURES AS PER FINAL CONTRACT.