Sale and Purchase Procedure Steps (SPPS)

1. Seller or his Representative submits to Enerjik the Seller Application Form (SAF) along with Specs, Quantity, Packing, Delivery Size and Schedule, Unloading Port Conditions, Mode of Payment (Bank Guarantee, Standby, Documentary L/C, whether irrevocable, transferable, confirmed, divisible, revolving, fully funded, etc.) and Offer Price (conform to real market price level), and other related information,

2. Enerjik submits a Request along with Target Price, Delivery, Payment Terms and Conditions, and other related information to the Seller or his Representative, (Enerjik is able to sign a Non-Circumvention Non-Disclosure Agreement (NCNDA) with the Seller or his Representative if requested),

3. Enerjik submits a valid and completed Letter of Intent or Irrevocable Corporate Purchase Order to the Seller,

4. Seller issues the Full Corporate Offer or / and Draft Contract to the Enerjik if the Letter of Intent or Irrevocable Corporate Purchase Order issued from the Enerjik according to advised terms and conditions,

5. Enerjik accepts and agrees the terms and conditions of the Full Corporate Offer or / and Draft Contract by counter Signature and Company Stamp or amends it and sends it to the Seller, until both parties agreed,

6. Signed FCO or / and DC sent via fax or e-mail that will be deemed as original and valid,

7. Hard copies of the Contract to be issued by the Seller and exchanged with Enerjik,

8. Enerjik signs and stamps all the copies of the Contract and returns to the Seller,

9. The Enerjik's Bank provides Proof of Funds to the Seller's Bank,

10. Seller's Bank provides the Proof of Product to the Buyer's Bank per SWIFT,

11. Enerjik presents pre-advised payment instrument to be approved by Seller's Bank,

12. Seller's Bank issues 2% Performance Bond to activate the approved payment instrument,

13. Delivery and Shipment commence as per Contract.

Confirmed Sale & Purchase Procedure is valid until written Confirmation of Cancellation of Both Parties and in this case until Completion of Related Ongoing Sale & Purchase Contract(s) !

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