Funding Agreement

FUNDING AGREEMENT
Transaction No. BANCODOBRASIL/100M /KYJ030421
Monetizing party KumYoungJin, Co.,LTD (“Monetizer”)
SBLC Issuer Sergio Manuel Alves Madeira
SBLC Issuing Bank BANCO CENTRAL DO BRASIL
Project: Real Estate Investment in Korea
Total SBLC Amount:

st
1 Tranche EUR 2,100,000,000.00
nd
2 Tranche EUR 100,000,000.00 (One Hundred Million EUR)
rd
3 Tranche EUR 1,000,000,000.00 (One Billion EUR)
EUR 1,000,000,000.00 (One Billion EUR)
Collateral: Cash Backed Stand by Letter of Credit.
Equity: N/A
Procedures: The Monetizer issues the funding agreement for SBLC Monetization to be
th
countersigned and returned by the Issuer by 11 of March 2021.
1. SBLC Issuer sends out RWA message via SWIFT MT 199/799
2. The monetizer’s bank replies with RWA message via SWIFT MT 199/799
3. SBLC Issuer issues SBLC to the monetizer’s bank via SWIFT MT760 as
stated in annex A.
4. Within 7 banking days of the authentication of SWIFT MT760 by the

Monetizer’s bank, the Monetizer will pay out 30% of the SBLC amount to the
SBLC Issuer as a Non-Recourse Funding and 2% of the SBLC amount to both
Procedures(con’t)
sides facilitators as a Non-Recourse Funding.
5. SBLC shall be returned back to the SBLC Issuer’s bank with

Unencumbered condition 30 days prior to the expiration date of SBLC.
6. All the provisions of this transaction shall be governed by ICC international

rule and if there are any legal conflicts, it must be brought up to the court
where the SBLC Issuer is located in.
SWIFT MT 760 ISSUING BANK ACCOUNT COORDINATE:
BANK NAME BANCO CENTRAL DO BRASIL
BANK ADDRESS BANKING SECTOR SOUTH, DEPARTMENT OF INTERNATIONAL OPERATIONS, QUADRA 3,
BLOCK B HEADQUARTER BUILDING, PO BOX ZIP 70074-900, BRASILIA (DF) BRAZIL
ACCOUNT NAME SERGIO MANUEL ALVES MADEIRA
SWIFT CODE
BCBRBRDFORG
ACCOUNT NUMBER 171.394-0001-Z
BANK OFFICER FRANCISCO SEVERIANO R. OLIVEIRA, HEAD OF SUB UNIT, REGISTRATION:
34945121
BANK TEL/FAX
BANKIER E-MAIL [email protected]
-BENEFICIARY BANK ACCOUNT COORDINATE TO RECEIVE SBLC:

BANK NAME SHINHAN BANK
BANK ADDRESS 20, Sejong-daero 9-gil. Jung-gu, Seoul, South Korea
ACCOUNT NAME KUMYOUNGJIN CO.,LTD.
SWIFT CODE
SHBKKRSE
ACCOUNT 108010774797
NUMBER
BANK OFFICER Cha Young Jun
BANK TEL/FAX 82-2-2151-5454
BANKIER E-MAIL [email protected]
NOTE:
If the above terms of the Monetizing Agreement for SBLC monetization are acceptable, please counter-sign and
date below and we will begin monetizing of the SBLC.
Sincerely,
KumYoung Jin, Co.,LTD
th
Young Ju Kim, CEO Date: March 4 , 2021
Counter-signed Terms accepted by:
(SBLC Issuer name)
Signature Date:
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
th
DATE : Thursday, March 4 , 2021
DESCRIPTION OF THE BANK INSTRUMENT
1 INSTRUMENT CASH BACKED STANDBY LETTER OF CREDIT(SBLC)

2 TERM OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED
3 ISSUING BANK BANCO CENTRAL DO BRASIL
4 AGE/CURRENCY ONE(1)YEARANDONE (1)DAY/USD
5 PRICE 30% + 2%
6 TOTAL EUR TWO BILLION ONE HUNDRED MILLION DOLLARS
CONTRACT (2,100,000,000.00)PLUS R&E
AMOUNT
ST
7 1 TRANCHE EUR ONE HUNDRED MILLION ($ 100,000,000.00)
ND
2 TRANCHE EUR ONE BILLION ($1,000,000,000.00)
RD
3 TRANCHE EUR ONE BILLION ($1,000,000,000.00)
8 DELIVERY 1. SBLC Issuer sends out RWA message via SWIFT MT 199/799
4. The monetizer’s bank replies with RWA message via SWIFT MT 199/799
5. SBLC Issuer issues SBLC to the monetizer’s bank via SWIFT MT760 as
stated in annex A.
6. Within 7 banking days of the authentication of SWIFT MT760 by the

Monetizer’s bank, the Monetizer will pay out 30% of the SBLC amount to the
SBLC Issuer as a Non-Recourse Funding. and 2% of the SBLC amount to both
sides facilitators as a Non-Recourse Funding.
7. SBLC shall be returned back to the SBLC Issuer’s bank with

Unencumbered condition 30 days prior to the expiration date of SBLC.
9 PAYMENT SWIFT MT103

10 HARD COPY BONDED COURIER WITHIN TEN BANKING DAYS UPON THE
REQUEST OF THE MONETIZER.
11 PERIOD OF LEASE ONE YEAR AND ONE DAY
Transaction Amount of: EUR 100,000,000.00
(One Hundred Million Euros)
SBLC PROVIDER: SERGIO MANUEL

ALVES MADEIRA
MONETIZER/LESSEE: KUMYOUNGJIN CO.,LTD
I, MR.YOUNG JU KIM holder of KOREA Passport No: M64178785 as CEO/DIRECTOR of

KUMYOUNGJIN CO.,LTD with registered address located in 3F, 6, GYEONGHUIGUNG 2-GIL, JONGNO-
GU, SEOUL,KOREA have confirmed the above transaction for the purpose of MONETIZING SBLC at 30%.
Our company KUMYOUNGJIN CO.,LTD, with corporate responsibility and financial performance obligation
hereby guarantee to make a refund to the Investor and other mandates and facilitators/intermediaries as known
and mentioned below by delivery of bank instrument transfer via SWIFT MT 760 to their designated banking
coordinates within 7 banking days without objection or legal proceedings of any kind upon receiving the SBLC
via SWIFT MT 760 in our bank , SHINHAN BANK at No. 20, Sejong-daero 9-gil. Jung-gu, Seoul, South Korea..
We shall not delay the payment nor shall we oppose it for any reason whatsoever.
We will inform all parties as soon as payments have been made via respective E-mails.
This Irrevocable Payment Guarantee Letter (IPGL) contains the entire agreement and understanding concerning
the subject matter hereof and supersedes and replaces all prior negotiations and proposed agreements, written or
oral. Neither of the Parties may alter, amend, nor modify this PGL, except by an instrument in writing signed by
both Parties and recipients of funds. This PGL will be governed by and construed in accordance with the laws of
New Jersey USA. In the event that either Party and/or Recipient(s) of funds shall be required to bring any legal
actions against the Payor in order to enforce any of the terms of this PGL the prevailing party shall be entitled to
recover reasonably attorney fees and costs
This IPGL, if transmitted by facsimile or electronic mail, shall be considered an original, legally enforceable
document. Generally recognized International Standards of Non-Circumvention & Non-Disclosure (NC/ND) are
applicable for a period of Five (5) Years from the date of this document or the last date of the contract, including
any renewals, extensions and additions that are fully completed /signed/sealed and we agree to respect those.
Simultaneously, the payments of the contractual value will made to the followings to the following
agencies/persons will be made via wire TT or direct wire transfer as per banking coordinates given or provided
below as per this PAYMENT GUARANTEE LETTER (PGL): -
DETAILS OF PAYMENTS / PAY ORDERS AS:

NOTE: BENEFICIARY/PAYMASTER CAN CHANGE ANY TIME HIS PROVIDED BANK ACCOUNT
ON THIS PAYMENT GUARANTEE LETTER (PGL) FOR THE CONTRACT BY INFORMING THE
RECEIVER IN ADVANCE 7 BANKING DAYS PRIOR TO PAYMENT.
PARTY “A”
SBLC ISSUER BANK COORDINATES: TO RECEIVE THIRTY PERCENT (30%) OF FIRST TRANCHE
EUR 100,000,000.00 SBLC AND 30% OF ALL FUTURE ROLLS & EXTENSIONS, PAYMENT VIA DIRECT
PAYMENT AS BELOW:
BANK NAME Lloyds Bank

BANK ADDRESS Market Place, Reading, Berkshire, United Kingdom
ACCOUNT NAME SKAAH Limited
ACCOUNT NO / IBAN GB74 LOYD 3096 9674 2283 60

SWIFT CODE LOYDGB21011
BENEFICIARY SKAAH Limited
AMOUNT 30,000,000.00 EUR FOR FIRST TRANCHE, AND 30% OF ALL FUTURE
TRANCHES
REFERENCE BANCODOBRASIL/100M /KYJ030421
SPECIAL WIRE INFRASTRUCTURE PROJECTS FUNDING. FUNDS ARE LEGITIMATE AND
INSTRUCTIONS CLEAN.
Party A SBLC ISSUER FACILITATOR: 1% OF FIRST TRANCHE $ 100,000,000.00 SBLC AND 1% OF ALL
FUTURE ROLLS & EXTENSIONS, PAYMENT VIA DIRECT PAYMENT AS BELOW
BANK NAME CREDIT SUISSE AG

BANK ADDRESS PARADEPLATZ 8, 8070 ZURICH, SWITZERLAND
ACCOUNT NAME SOLRYN AG
ACCOUNT NO / IBAN CH08 0483 5177 9653 2100 0

SWIFT CODE CRESCHZZ80A
BENEFICIARY SOLRYN AG
AMOUNT 1,000,000.00 EUR FOR FIRST TRANCHE, AND 1% OF ALL FUTURE
TRANCHES
SPECIAL WIRE FACILITATOR SERVICE FEE. FUNDS ARE LEGITIMATE AND CLEAN.
INSTRUCTIONS
Party B MONETIZER FACILITATOR: 1% OF $ 100,000,000.00 SBLC INCLUDING ALL ROLLS & EXTENSIONS,
PAYMENT VIA DIRECT PAYMENT AS BELOW
BANK NAME
BANK ADDRESS
ACCOUNT NAME
ACCOUNT NO
SWIFT CODE
BENEFICIARY
AMOUNT
SPECIAL WIRE
INSTRUCTIONS
(WET SIGNATURE, COMPANY SEAL AND SIGNING DATE WITH BLUE PEN, NO ELECTRONIC
SIGNATURES, NO COPIED/PASTED SIGNATURES)
CONFIRMED AND SIGNED ON DAY Thursday, March 4, 2021,
FOR AND ONBEHALF OF LESSEE/MONETIZER:
KUMYOUNGJIN CO.,LTD
NAME : MR.YOUNG JU KIM

TITLE : CEO
NATIONALITY : KOREA
PASSPORT : M64178785
Monetizer Passport
Monetizer BusinessRegistration
Issuer Passport
Issuer Business Registration

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Transaction No. BANCODOBRASIL/100M /KYJ030421

Monetizing party KumYoungJin, Co.,LTD (“Monetizer”)

SBLC Issuer Sergio Manuel Alves Madeira

SBLC Issuing Bank BANCO CENTRAL DO BRASIL

Project: Real Estate Investment in Korea

Total SBLC Amount:

Collateral: Cash Backed Stand by Letter of Credit.

1. SBLC Issuer sends out RWA message via SWIFT MT 199/799

4. Within 7 banking days of the authentication of SWIFT MT760 by the

5. SBLC shall be returned back to the SBLC Issuer’s bank with

6. All the provisions of this transaction shall be governed by ICC international

-BENEFICIARY BANK ACCOUNT COORDINATE TO RECEIVE SBLC:

KumYoung Jin, Co.,LTD

Counter-signed Terms accepted by:

(SBLC Issuer name)

DESCRIPTION OF THE BANK INSTRUMENT

1 INSTRUMENT CASH BACKED STANDBY LETTER OF CREDIT(SBLC)

6. Within 7 banking days of the authentication of SWIFT MT760 by the

7. SBLC shall be returned back to the SBLC Issuer’s bank with

9 PAYMENT SWIFT MT103

(One Hundred Million Euros)

SBLC PROVIDER: SERGIO MANUEL

I, MR.YOUNG JU KIM holder of KOREA Passport No: M64178785 as CEO/DIRECTOR of

DETAILS OF PAYMENTS / PAY ORDERS AS:

BANK NAME Lloyds Bank

ACCOUNT NO / IBAN GB74 LOYD 3096 9674 2283 60

BANK NAME CREDIT SUISSE AG

ACCOUNT NO / IBAN CH08 0483 5177 9653 2100 0

CONFIRMED AND SIGNED ON DAY Thursday, March 4, 2021,

FOR AND ONBEHALF OF LESSEE/MONETIZER:

NAME : MR.YOUNG JU KIM

Issuer Business Registration

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