IRREVOCABLE FEE PROTECTION AGREEMENT AND NC/ND WITH FULL LEGAL AND CORPORATE AUTHORITY, I HEREBY IRREVOCABLY GUARANTEE THAT UPON THE SUCCESSFUL TRANSACTION COMPANY II ) AS THE OF ANY DEAL THROUGH ( COMPANY I ) WE, ( COMPANY REPRESENTATIVE OF BUYER/SELLER , AGREE TO PAY A COMMISISON OF ____ ______ ____ ____ ____ ___ _ RECE RECEIV IVED ED AS COMM COMMIS ISSI SION ON BY ( COMP COMPAN ANY Y II ) THROUGH THROUGH THE ABOVE MENTION MENTIONED ED TRANSACTI TRANSACTION(S) ON(S),, AND DO HEREBY HEREBY DIRECT THAT FUNDS FROM THIS TRANSACTION SHALL BE IMMEDIATELY PAID PAID BY FED FED WI WIRE RE TRAN TRANSF SFER ER,, AFTE AFTER R EACH EACH AND AND EVER EVERY Y SHIP SHIPME MENT NT COMMENCES. COMMENCES. PAYMENT PAYMENT SHALL BE MARKED MARKED "SAME DAY PAYMENT" PAYMENT" IN GOOD, GOOD, CLEAN CLEAN AND CLEAR CLEAR UNITE UNITED D STATE STATES S DOLLAR DOLLARS S FREE FREE FROM FROM ANY LIENS OR LOCAL TAXES AND WITHOUT RESTRICTIONS, IMPEDIMENTS, OR DELAYS DELAYS OF ANY KIND KIND WHATSOEV WHATSOEVER, ER, OR AS OTHER OTHERWIS WISE E AGREE AGREED, D, AS FOLLOWS: FEE RECIPIENT: ( COMPANY I ) NAME ADDRESS TEL FAX
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I EXPRE EXPRESS SSLY LY AGREE AGREE TO IMMED IMMEDIAT IATEL ELY Y EXECUT EXECUTE E SUCH SUCH ADDIT ADDITION IONAL AL DOCUMENTS AS MAY BE NECESSARY OR REQUIRED TO EFFECTUATE THE INTE INTENT NTIO ION N CONT CONTAI AIN N HERE HEREIN IN.. THE THE UNDE UNDERS RSIG IGNE NED D CONF CONFIR IRMS MS AND AND WARRANTS THAT THIS IRREVOCABLE FEE PROTECTION AGREEMENT WILL BE LODGED GED WITH THE REPRESENTATIVE’ VE’S BANK BEFORE THE COMMENCEMENT OF THE TRANSACTION(S). PAYMENTS ARE TO BE MADE FROM THE REPRESENTATIVE’S BANK DIRECTLY TO THE ABOVE NAMED FEE RECIPIENT VIA WIRE TRANSFER TO THE BANKING CO-ORDINATES OF FEE RECIPIENT SUPPLIED BY THE SAME. WIRE WIRE TRANS TRANSFE FER R PAYME PAYMENTS NTS SHALL SHALL BE MADE MADE SUBJEC SUBJECT T ONLY ONLY TO THE BANK FEE FOR NORMAL TRANSFER OF FUNDS. THE RECIPIENT SHALL BE RESPO RESPONSI NSIBLE BLE TO PROVI PROVIDE DE HIS RESPEC RESPECTI TIVE VE BANKIN BANKING G CO-ORD CO-ORDINA INATE TES S AND TAX IDENTIFIER INFORMATION INFORMATION AS APPROPRIATE. APPROPRIATE.
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CONTINUED: IRREVOCABLE FEE PROTECTION AGREEMENT PAGE 2 OF 2
IT IS UNDERSTOOD AND AGREED THAT BOTH PARTIES SHALL EACH BE INDIVIDUALLY RESPONSIBLE FOR THE PAYMENT OF THEIR OWN RESPECTIVE TAXES AND GOVERNMENT CHARGES THAT MAY BE APPLICABLE. THIS IRREVOCABLE FEE PROTECTION AGREEMENT SHALL REMAIN UNCHANGED UNTIL THE TRANSACTION(S) UNDER THE ABOVE REFERENCED IRREVOCABLE FEE PROTECTION AGREEMENT HAS BEEN COMPLETED AND TERMINATED THIS AGREEMENT IS UNCONDITIONAL, NON-TRANSFERABLE, ASSIGNABLE AND DIVISIBLE AND SHALL BE EFFECTIVE UPON THE COMMENCEMENT FOR THE SAID TRANSACTION(S) AND SHALL REMAIN IN FULL FORCE AND EFFECT FOR THE FULL TERM OF THE SAID TRANSACTION(S), AND SHALL APPLY TO ALL RENEWALS, EXTENSIONS, ROLLOVERS, OR ADDITIONS PERTAINING THERETO. BOTH PARTIES HERETO AGREE NOT TO CIRCUMVENT ANY OF THE PARTIES TO THIS TRANSACTION(S) FOR A PERIOD OF FIVE (5) YEARS AND SHALL COMPLY WITH ALL ASPECTS OF THE NON-CIRCUMVENTION REGULATIONS AS STATED N THE LATEST ICC EDITION AND AMENDMENTS. THIS DOCUMENT BINDS BOTH PARTIES, THEIR EMPLOYEES, ASSOCIATES, AGENTS, TRANSFERS, ASSIGNS AND OR DESIGNEE'S. A FACSIMILE AND SIGNATURES THEREON SHALL OPERATE AS AN ORIGINAL FOR ALL LEGAL PURPOSES.
BY: __________________________ DETAILS OF COMPANY II ( COMPANY SEAL ) ( REPRESENTATIVE )
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