E BUYER IS 3 TRUSTS WITH ONE

1. FCO issued to buyer

Our buyer is a SERIOUS buyer, and not in the market of playing games. That means we have no intention of taking any manifest (SCO'S, FCO's, etc.) and shopping it around or engaging in any time wasting games that do not produce positive results. We are in the business of building relationships, closing deals, and making money, PERIOD. So, if your seller agrees, our buyer will move forward to close immediately. With that being said, to move forward our buyer would like to receive an official FCO made out to buyers name (Development Capital International, Inc.). If the seller refuses to submit an official FCO made out to Development Capital International, Inc., then we would be unable to move forward with the transaction. However, if seller follows procedures by submitting an official FCO made out to buyer, buyer will respond with an (MOU).



2. Buyer responds with MOU

The (MOU) is often the first stage in the formation of a formal contract. An (MOU) is far more formal then a handshake and is given weight in a court of law should one party fail to meet the obligations of the memorandum. It may be used as a confirmation of agreed upon terms when an oral agreement has not been reduced to a formal contract. It may also be a contract used to set forth the basic principles and guidelines under which the parties will work together to accomplish their goals. Lastly, it is a Document that expresses mutual accord on an issue between two or more parties. MOUs are generally recognized as binding, even if no legal claim could be based on the rights and obligations laid down in them.

In this case, once our buyer receives the official FCO made out to (Development Capital International, Inc.), he will sign and return FCO along with a legally operative memorandum of understanding (MOU) on company letterhead, outlining how the buyer will move forward to include: (1) identifying the contracting parties, (2) spelling out the subject matter of the agreement