Salvador-Montoro Banca

Application to purchasing Financial Instruments

COVER LETTER(ON BUYER FULL LETTERHEAD)

TO: SELLER

c/o:

Date:

Dear Sir,

Subject: Application to purchasing Financial Instruments

We are attaching here the application forms for following financial instrument :

ISSUING BANK CURRENCY AMOUNT ISIN CODE PRICEFEES

…………………….. ……………. ………………. ……………….. .………****** payment terms, conditions and draft of payment papers are attached to MASTER

SECURITIES PURCHASING AGREEMENTtogether with:

• the passport of the authorized signatory .

and select following purpose:

1. [ ] To the purpose to receive above mentioned instrument2. [ ] To the purpose to lease above mentioned instrument BUT receive a BG (Bank

Guarantee) issued by Provider bank once purchased BOND or MTN

3. [ ] To the purpose to buy above mentioned instrument BUT receive a SBLC(Stand-by L/C)

issued by Provider bank once purchased BOND or MTN 4. [ ] To the purpose to receive the Proof of Funds (POF)5. [ ] with pre-advice (see guideline and procedure)

[ ] without pre-advice (see guideline and procedure

We are looking forward to receive your agreement for above mentioned instrument and remain,

Very truly yours,

PASSPORT COPY

2 CLIENT'S INFORMATIONS

Business Name :

Registry Code :

Contact address :

Telephone :

Fax :

E Mail :Name and Position of Representant :

(for name and position of applicant’s representative please attach Articles of Association, Authorisation Document, Statutes of Board of Resolution, passport Copy)

BANKERS OF THE CLIENTCustomer BankSwift codeBranchAccount HolderAccount NumberBank officer nameBank officer email

We confirm that the above mentioned bank officer is completely aware about our application.

APPLICATION DATA

Purpose of purchasing applied for :

Desiree terms :

BANKING SECURITY TO BE SELLBANK NAMECURRENCYAMOUNT

ISIN NUMBER

CALL OPTION

We are ready to deposit in the appointed CLEARING SERVICE the “call option” banking expenses, against invoice, in an amount of 0,0125% with min. EURO-20,000 FOR LESS THAN 150M of face value of bank instrument required for FIRST TRANCHE), as per Bloomberg tariff.

In finance options are types of contracts, including and , where the future payoffs to thebuyer and seller of the contract are determined by the price of another security, such as acommon stock. More specifically, a call option is an agreement in which the buyer (holder)has the right (but not the obligation) to by buying an asset at a set price () on (for aEuropean style option) or not later than (for an American style option) a future date (theexercise date or expiration); and the seller (writer) has the obligation to honor the terms ofthe contract. A put option is an agreement in which the buyer has the right (but not theobligation) to exercise by selling an asset at the strike price on or before a future date; andthe seller has the obligation to honor the terms of the contract.

Since the option gives the buyer a right and the writer an obligation, the buyer pays theoption premium to the writer. The buyer is considered to have a position, and the seller aposition. For every open contract there is a buyer and a seller. Traders in exchange-tradedoptions do not usually interact directly, but through a such as, in the U.S., the or inGermany and Luxemburg . The clearing house guarantees that an assigned writer willfulfill his obligation if the option is exercised. Options/Derivatives are not rated and/or arebelow investment grade; however the OCC's clearing process is considered AAA rated.)

PRE ADVISES (only if needed by the buyer)

1 by swift MT999 bank to bank basis covering the banking cost in an amount of

EUR 85,000

2 by certified e mail bank to bank basis covering the banking cost in an amountof EUR 38,000

3 MISCELLLANEA

Hereby we certify that all data presented in this purchasing application are full andcorrect. We authorise Seller or other Company Encharged to verify and clarify allthe presented data from their sources.

Seller shall have the right to reject the purchasing application without anyexplanation if the purchasing application contain false informations.

Hereby we entitle the Seller to disclose the information presented in the loanapplication to credit institutions having considerable holdings in them.

TO THE CARE AND IN FAVOR OF THE INTERMEDIATY GROUP

(ON BUYER FULL LETTERHEAD)Complete with address, phone, fax, e-mail

Date : Transaction Code : Buyer’s Code :

BENEFICIARY : INTERMEDIARY GROUP …………………………………….

Transaction : Purchase of BOND / MTN / CD / T-BILLSFace Amount : ……. with extensions Instrument details : ISIN BANKInvoice Price : ……Percent (……..%) of Face Value Intermediary fees : two Percent ( 2.00 %) of Face Value

The undersigned, with full corporate responsibility, under penalty of perjury, issue this irrevocableFee Protection Agreement of to be paid as listed below, for intermediaries, of the total face valueof each and every transaction described above, including all extensions thereof. This Fee Protection Agreement shall be valid and binding upon signing of the contract with theCollateral Provider. Said fee to be paid to the following Seller and Buyer groups Paymaster:

AS PER PROFORMA INVOICE

The Fee Protection of BOND/MTN/CD/T-BILLS Purchase in ........ will be paid for the entire transactionplus extensions. The intermediary fees shall be paid to the Intermediaries as per their writteninstructions upon completion of each and every tranche.

Buyer Code : Transaction Code :

The payment shall be made without Protest, delay or deductions (other than bank wire transfer fees)

NON-CIRCUMVENTION AND NON-DISCLOSURE All parties do herein agree that the Non-Circumvention and Non-Disclosure Rules (NCND) of allissues from the ICC 500 apply to this transaction for a period of five (5) years from date of executionof this Agreement by the undersigned, his or her assigns, agents and/or heirs. This NCND alsoapplies to any and all other transactions direct or indirect initiated by these intermediaries.

Buyer’s Initials:

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The undersigned agree that this Fee Protection is assignable and transferable to the beneficiaries,designs, heirs and assigns upon written notice of all parties, and shall not be amended without theexpress written consent of the parties. If no contract is consummated, this Fee Protection Agreementis null and void in its entirety. Should a contract be signed between the Provider and the Buyer, a Bank Endorsed Corporate PayOrders will be issued to the paymaster of each Group, followed by a Swift Wire transfer to thePaymaster’s Account, when payment for the BOND/CD/MTN/T-BILLS is completed.

CONFIRMED AND APPROVED BY THE BUYER(CORPORATION NAME)

Authorized Signatory PRINTED NAME :TITLE : DATE : PASSPORT NUMBER : DATE OF ISSUE : COUNTRY OF ISSUE :

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