IRREVOCABLE MASTER FEE PROTECTION
AND PAY ORDER AGREEMENT
This agreement is an additional irrevocable pay order agreement to the below
mentioned transaction between [INSERT COMPANY NAME], represented by
[INSERT NAME OF REP], as the PRINCIPAL (Passport Number [INSERT
PASSPORT#), and/or Assigns, and Intermediaries, represented by [INSERT NAME OF
PAYMASTER], as Paymaster.
Transaction Code:
[INSERT TRANSACTION CODE]
Program:
Project Funding Program
Term:
One-Time Finders Fee
Description:
[INSERT PROJECT NAME]
Commission:
1% of gross amount of funding
Payment:
100% to Intermediaries in proportionate shares
This agreement is valid only upon the successful completion of the Coded
Transaction referenced above; otherwise it is null and void.
I, the undersigned, [INSERT NAME OF REP], authorized signatory and Principal, hereby
irrevocably and unconditionally confirm and agree to make payments to the Paymaster as
herein designated for the benefit of all participating people listed hereafter and subject to
receipt of the respective fee payment orders.
This order of payment is irrevocably confirmed and payable upon the closing of each and
every transaction or traunche, without any protest, delays, and/or deductions (other than
bank wire transfer fees and routine banking delays) to the hereafter designated Paymaster.
Furthermore, the Paymaster will irrevocably pay all listed intermediaries without any
protest, delays, and/or deductions (other than bank wire transfer fees and routine banking
delays). In every transaction, all associated fees will be divided among the beneficiaries
covered by the hereafter designated Paymaster. Each beneficiary payee must provide their
respective full and complete bank coordinates. Finders fee will be immediately paid by
SWIFT wire transfer to the hereafter designated beneficiaries bank account, from the
Principal as directed by the Paymaster or from the Paymaster.
All the bank expenses incurred by Principal or the hereafter designated Paymaster will be
paid by the beneficiaries. These expenses must not exceed the usual domestic or
international expenses.
The Principal payer, agrees to place this Irrevocable Master Fee Protection and Pay Order
Agreement in full force with his bank for the purpose of payment to the herein mentioned
beneficiaries. This fee protection of one percent (1%) of the gross proceeds of the Program
will be paid accordingly to the involved beneficiaries, for the entire transaction period, and
shall be paid by Swift wire transfer without any protest, delays, and/or deductions (other
than bank wire transfer fees and routine banking delays) by agreed Swift wire transfer
Fee Protection Agreement
Page 1 of 4
(and/or cash delivery) to the herein described beneficiary payees' bank account as per
instructions.
BENEFICIARIES:
[INSERT PAYMASTER NAME] paymaster
___________________
Signature
Passport No.
Bank name
Branch address
ABA
Account No.
Bank Tel
Banker
____________
Date
:
:
:
:
:
:
:
INSERT NAME OF 1ST INTERMEDIARY (_____%)
_____________________
Signature
___________
Date
Passport Number :
Bank name
:
Branch address
:
Fax Number
:
Officer
:
Bank SWIFT Code:
Routing No.
:
Account Number :
Account Holder :
INSERT NAME 2ND INTERMEDIARY (_____%)
_____________________
Signature
Passport Number
Bank name
Branch address
Fax Number
___________
Date
:
:
:
:
Fee Protection Agreement
Page 2 of 4
Officer
:
Bank SWIFT Code:
Routing No.
:
Account Number :
Account Holder :
INSERT NAME 3RD INTERMEDIARY (_____%)
_____________________
Signature
___________
Date
Passport Number :
Bank name
:
Branch address
:
Fax Number
:
Officer
:
Bank SWIFT Code:
Routing No.
:
Account Number :
Account Holder :
It is mutually understood that each party in this agreement agrees to keep confidential the
described Coded Transaction and is not to disclose the Transaction Code and Transaction
Description, Principal, Owner, Beneficiary or the names of any banks or other institutions
party to the specific transaction. It is likewise understood, that the Principal, expressly
reserves the right to deal with any bank, depository, public or private, that they have in
the past, or decide to pursue transactions with in the future, including those institutions
that may be used in completing this transaction, regardless of this transaction. The
Program Manager, Brokers, Assistants or others involved in any resulting transactions
shall have no claim against any dealings between the Parties hereto or funds received by
beneficiaries whatsoever contemplated or consummated under this agreement.
Each person whose signature is affixed hereto also warrants and represents under the risk
and penalty of perjury, that:
A. To the best of his knowledge, transactions executed under this Agreement do not
involve any violation of any law of the United States, or of any other country
involved in this transaction, nor does it involve any violation of international law.
B. To the best of his knowledge, no person with whom is associated or affiliated in any
way with regard to this or other transaction intends to do anything which would (1)
violate any law or regulation of the United States, or of any other country involved in
Fee Protection Agreement
Page 3 of 4
this transaction, nor of international law, or (2) jeopardize the security or integrity of
the United States of America or any other country.
C. To the best of his knowledge, no Specially Designated Nationals, Specially
Designated Narcotics Traffickers, Foreign Terrorist Organizations, Blocked Persons,
or targeted countries, as designated by the Office of Foreign Assets Control is now or
will hereafter (1) be a party to this transaction or (2) share in any benefits of this
transaction.
This document constitutes a guaranteed, irrevocable, unconditional and non-retractable
payment order issued to the beneficiaries named herein, given with full responsibility, by
which I hereby instruct my bank as specified herein, to simultaneously pay, without any
protest and/or delay, upon the closing of each and every tranche, until the transaction
under the above entered codes is totally completed, the compensation to the beneficiaries'
bank accounts, as stipulated herein.
This is the full and complete payment due to each and every intermediary named herein
and no additional payments or fees are to be made to the named beneficiaries for this
coded transaction. No additional fees, commissions or charges are owed nor will be paid
to any individual not named in this Agreement.
IN WITNESS WHEREOF, the undersigned has executed this agreement on this _____
day of _____________, 2006.
PRINICPAL:
By: ______________________________
Country: United States of America
NOTARY SEAL
Fee Protection Agreement
Page 4 of 4