New Iraqi Dinar Exchange Contract

New Iraqi Dinar Exchange Contract with Philippine Peso
Contract No.: NIDECP-DST-08


KNOW ALL MEN BY THESE PRESENTS :
That this Contract is duly executed by and between:
DIAMOND SQUIRREL TRADING a Company duly registered under the Philippine laws, with office address at Malabon City, Philippines, duly represented by its General Manager , Dr. Violeta D.R. Dasmariñas, hereinafter, referred to as the “FIRST PARTY”;
-and-
(Nama dirahsiakan), of legal age, with address at Taman Cheras Jaya 43200 Cheras, Selangor, Malaysia. A Malaysian and a Principal Holder of New Iraqi Dinars hereinafter referred to as the “SECOND PARTY”.
WITNESSETH THAT:
WHEREAS, the former, with a law a agency partner who is an international trader of petroleum products, having suppliers from Russia and Iraq, in need of the New Iraqi Dinar ( with horse hall marking not with picture of Sadam ), is Ready, Willing and ABLE to exchange New Iraqi Dinar under the safekeeping or custody of a certain Malaysian given the privilege as custodians/holders;
WHAEREAS, the latter is one of the lucky Malaysian given the privilege to become custodian of this currency;
NOW, THEREFORE, premises considered, the parties agreed as they do hereby agree as follows:

1. Scope of Contract. The exchange of Ten Trillion (10,000,000,000,000) up to Twenty Five Trillion (25,000,000,000,000) New Iraqi Dinar ( with horse hall markings) into Philippine peso or foreign currency equivalent, (US Dollars, Euro Dollars, UK pounds, HK Dollars, etc.) on date of signing of this Contract or Forty One Pesos (Php 41) to a US Dollar, whichever is higher.
2. Exchange Value. Parties agreed that the exchange value of tha Iraqi Dinar shall be Php 0.069 per one New Iraqi Dinar or its foreign currency equivalent.
3. Mode of Payment. Payment of exchange value by the Oil supplier of DST/CALLS shall be thru cash remittance (MT103) and share of holder shall be ledger to ledger transfer or cash remittance (MT103).
4. Procedure:

• Parties sign the Exchange Contract with full corporate responsibility.
• Second Party/Holder will now request his banker to issue a Certificate of Deposit under an off-book arrangement and will confidentially furnish DST/CALLS a copy of the same.
• First Party/DST-CALLS will now officially indorse to its oil supplier the said Certificate of deposit for bank-to-bank confirmation furnishing the Second Party/Holder the bank coordinates of its supplier.
• Parties set a window time for oil supplier’s bank to initiate confirmation of the Certificate of Deposit of Holder and also confirm in return the availability of enough funds in US Dollar or Euro Dollar to exchange the N.I.D.
• After satisfactory verification of the proof of N.I.D. by supplier’s bank and the availability of funds by holder’s bank, authentication will be scheduled by the parties.
• During the authentication to be conducted by oil supplier’s authenticator or team of authenticators, the N.I.D will be grouped into twenty billion five hundred million (20,500,000,000) worth of N.I.D. properly sealed and signed by authenticator(s) prior to the issuance of Certificate of Authentication. This grouping corresponds to an exchange value which shall be basis of issuance of Certificate of Deposit for ten (10) years and fifteen (15) days in favor of the oil supplier.
• After the issuance of the Certificate of Deposit under the oil supplier’s name, the Holder’s bank will now send its ADVICE to the servicing bank of the DST/CALLS in Hongkong enclosing the Certificate of Authentication and Certificate of Deposit under supplier’s name prior to the remittance of the exchange value, for the servicing bank of DST/CALLS to pre-clear the receipt of payment and transfer of the corresponding shares of beneficiaries.
• This payment of exchange value procedure shall be observed until exchange value is fully paid.
NOTE: Original copy of Certificate of Deposit under oil supplier’s name shall be only released/picked up after the corresponding exchange value are paid.

5. Commissions/taxes. The parties shall take care of their own brokers. The parties shall take care of their respective tax obligations.
6. Implementation. The latter after signing with this Contract shall be ready with his New Iraqi Dinars for authentication in 1st tranche of one billion (1,000,000,000) as requested by the authenticator. DST/CALLS shall advise the Holder the schedule of authentication. After authentication of every tranche with the assistance of the Bank Officer of the Holder, the authenticator shall seal all the authenticated and counted boxes, sign the Certificate of Authentication and return it to the DST officer, initial it, then return to the assigned Bank Officer of the Holder. The authorized Bank Officer of the Holder shall swift-wire to the Buyer’s bank for Payments the Certificate of Authentication together with the certificate of deposit equivalent to 1,000,000,000 now under the name of TENIN INTERNATIONAL HOLDINS, LTD./DST as the beneficiaries. Upon receipt of the swift-wire by the oil supplier’s bank, his Bank Officer shall release the US$______________________ share of (Nama dirahsiakan) and all involved agents equivalent to every authenticated volume of 1,000,000,000 N.I.D. Please note that there will be no movement of authenticated N.I.D. only changed of ownership.
7. Full Immunity. The Buyer shall expressly warrant and guarantee the Seller, together with all beneficiaries on record, FULL IMMUNITY from suits, either criminal or civil, prosecutions, harassments, searches and seizure of the proceeds, investigation, travel restrictions, now and in the future as, as provided for the Section 112, Section 6, of Republic Act No. 6426 and Section 113 of Central Bank of the Philippines Circular No. 960.
8. Effectivity . This Contract shall take effect upon its signing. However, if any of the parties fail to comply with their respective obligations within a reasonable length of time, not more thirty (30) days, such shall be considered as non-existing.


IN WITNESS WHEREOF, the parties have hereunto signed their respective signatures below this __ day of __________, 2008 at Malabon City, Philippines.

DIAMOND SQUIRREL TRADING
By: By:

DR. VIOLETA D.R. DASMARIÑAS MR. (Name dirahsiakan)

FIRST PARTY SECOND PARTY

Witnessed by:

______________________ _______________________


ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)
________________________) S.S.

BEFORE ME, a Notary Public for and in Kuala Lumpur , Malaysia. This ___ day of __________, 2008, personally appeared before me the following persons:

1. Violeta D.R. Dasmariñas Passport# ZZ143763 Issued at DFA, Manila Philippines. Expiry Date : April 15, 2010
2. Name dirahsiakan IC#

Known to me and to me known to be the same persons who executed the foregoing Contract composed of __ page/s whereon this acknowledgement appears and acknowledged that this is their true, voluntary act and deed.


IN WITNESS WHEREOF, I have hereunto put my hand and seal on the date place first above-written.



Doc. No. __________; NOTARY PUBLIC
Page No.__________;
Book No.__________;
Series of 2008.