Cranberry Evolve

PRICING

• 10M $28.50
• 25M $28.00
• Larger lots are claimed to be available, but the Glove Report no longer has faith in anything over 25M so we are not listing the larger lot sizes

SOP

• NCNDA (Optional)
• ICPO (with transaction ref #), KYC & AML
• Mutually Funded Performance Escrow – (Optional amount negotiable – 3rd party neutral escrow account)
• Verify funds (certified bank statement and ATV …….. or can be banker to banker verification)
• Verifiable SGS (one time access to SGS portal summarizes lot & batch #’s, etc.)
• SPA, EA redlined & signed
• Escrow fully funded – (BPU ok)
• Full SGS & Inspections scheduled and completed
• Payment release, Title transfer and Product collection

Notes

• • Funds must be at a top tier bank
  • The company or Individual name on the ICPO must match the account holder name on the bank account being used to fund the transaction
  • The KYC and AML must be from the end buyer whose funds will be used for the transaction (funding partner can be shared confidentially with the TH attorney)
  • Performance Escrow:
    Both parties mutually fund the performance escrow (seller nominates 3rd party neutral escrow agent). For the buyer the escrow acts as a small deposit who after verifiable SGS is shared with them funds the remainder of the escrow. The seller forfeits their escrow fund if they cannot provide the buyer with SGS and inspections of the goods.
    They will do any level performance bond the buyer wants as long as it’s material i.e. millions of dollars but the buyer still has to verify funds after the seller and buyer both put money into the mutual performance escrow. This is not replacing the proof up it’s just to instill confidence in the buyer that the seller is real and willing to put their own money up which they forfeit if they cannot provide SGS and inspections.
  • Our connection is a guy named Michael who has closed three times with the titleholder and he is paid on the sell side.
  • Commissions are classic 1/3 splits.