Cranberry 1B $21.50 with 1B increments to 50B max

SOP

1) NCNDA
2) KYC from buyer issued to Seller Mandate OR Title Holder In-Take Attorney
3) Due Diligence 24h to 48h
4) Upon successful completion of DD, buyer and seller attorney connect on next steps and docs submission.
5) Buyer Issues ICPO, LOA on POF that the money is in JP Morgan Chase … Buyer Procurement Representative submits file to Titleholder / Attorney.
6) Seller/Titleholder both execute ICPO agreeing to SOP
7) IMFPA Agreements issued and executed by Buyer and Seller for Parties being paid in Transaction
8) Seller/TH attorney from Top Law Firm responds with LOA within 4 hrs/no later than next business morning post submission documents approval, confirming they have Product and capability to sell product free & clear with no liens and encumbrances, own title of Product, can transfer proof of product (“POP”) with electronic listing of SGS lot numbers on the Product within 4 hours and can also provide a Tabletop Meeting in NYC showing all verifiable POP documents to the Buyer and/or the Buyer’s invited 3rd Parties.
9) LOA from Seller Attorney is lodged with Buyer’s Bank, JPM Chase at Executive Level, and Buyer schedules POF within no more than 4 hrs Ledger to Ledger/Banker to Banker with JPM Chase Bank with Seller’s Executive Level Banker at Chase Bank (Seller will provide all necessary Banker Information to Buyer Attorney). POF must be in Buyer’s name as transactional funds on deposit at JPM Chase and shall be provided for the total purchase price amount / Boxes) by JPM Chase Bank with full banking responsibility on behalf of Buyer.
10) Buyer Attorney provides Letter of confirmation that POF has been successfully completed with JPM Chase Bank with Full Banking Responsibility and that funds are available with full banking responsibility and authorized by account holder/Buyer to purchase PPE Product and free and clear with no liens and encumbrances for Transaction Ref No: XXX
11) Within 4 hours of successful POF verification, POP is sent to Buyer/Buyer Attorney by Seller Attorney
12) SPA & Escrow Agreement is released and executed by Buyer and Seller
13) Buyer Escrows Funds ledger to ledger as per Escrow Agreement & SPA
14) Inspection of Product with release of addresses of Warehouses and times for Inspection
15) Payment for Product released as per Escrow Agreement & All Fees paid contemporaneously
16) Title Transfer for Product released to Buyer
17) Logistics/take over of warehouses & Tranche Schedule as per SPA
18) CLOSE

Commission Structures

• 21.50 all in (10%), 41.66% open to buy side (* note that the exit pricing can not be raised on the IMFPA/final agreement to increase commissions.
• Buyer groups can set up side procurement agreements with the buyers if they want additional comms).

Notes

• SOP changes are not allowed unless it is agreed upon in writing between the buyer and seller.
• MOQ = 1B (with 1B increments to 50B max)
• Table Top Meeting closing available