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Seller and Buyer suggested closing procedure for Loose and Boxes of IQD’S located internationally

1)The Intermediary that is closest to the buyer representative, will ask the him to email
confirmation that his buyer is RWA to purchase up to 1Quad loose and up to 1 Quad in
Boxes subject to DD Checks being passed and his funds remaining unencumbered. He will
forward this email to the Intermediary that is closest to the Seller representative for them to
forward onto to the seller.

2)The seller will issue a KYC including a copy of the warehouse skr. and send this directly to
the Buyer representative along with 6 photos (one each side of the box) with current dated
newspaper circled and a copy of the seller’s passport.

3)Whichever side is paying the intermediary commissions will notarise the agreement so
that all the intermediary’s Professional fees are protected, and this will be circulated.

3)The buyer will perform there mandatory DD Checks.

4)Once the Buyer has confirmed directly to the seller that they have passed compliance, the
Seller will notarise a 2- line document stating the name of the buyer and Buying entity that
they will be selling the IQD Currency too and that his funds are of non-criminal origin the
source the funds are derived from and a note stating they are currently not in the banking
system. They will forward a copy of this Notarised document to the Buyer representative to
forward onto the buyer. The buyer before the TTM will notarise a 2-line document stating
the name of the seller that he will be transferring funds too along with statement saying that
his funds are of non-criminal origin and the source their funds are derived from. The buyer
will forward the sellers Notarised document and his own notarised document to his bank
officer before making arranging any payments to the buyer, and he will either confirm by
email to the seller that this step has been done or provide email confirmation to the Buyers
representative to forward onto the seller’s representative.

5) The TTM will be scheduled and the closing will take place.

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