ESCROW AGREEMENT

APPENDIX ‘A”

TRUSTEE / ESCROW AGREEMENT

This Trustee Agreement is made and entered into this ______day of _____2015, by______and ______and______

as the

Appointment of Trustee / Escrow Agent.

We, the Provider, ______hereby appoint ______to serve as Trustee Attorney/Agent under this Trustee Agreement on the terms and conditions set forth herein. The Trustee Attorney/Agent hereby warrants and accepts such appointment and agrees to perform its duties and obligations set forth herein.

TRANSACTION INFORMATION

Instrument / : / BG
Issuing Bank / :
Currency / :
Age of Issue / :
Leasing or Purchasing / :
Contract Amount / :
Lease Fee / :
Escrow Deposit Amount / :
Delivery Term / :
Escrow Service Fee / :

TRUSTEE ACCOUNT INFORMATION

1.  BANK NAME :

2.  BANK ADDRESS :

3.  ACCOUNT NAME :

4.  ACCOUNT NUMBER :

5.  SWIFT CODE :

ALL PARTIES AGREED TO THE FOLLOWING TERMS

Lessee shall deposit the amount of (XXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX DOLLARS) Only (000,000.00) as agreed by both parties as payment for Bank Transmission Costs.

NOW, THEREFORE, in consideration of the above mentioned transaction and the mutual promises contained herein, and intending to be legally bound, the Parties hereto agree as follows:

Within Three (3) banking days of execution of the Letter of Intent (LOI)/Memorandum of Understanding (MOU), the Lessee shall transfer XXXX XXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXX DOLLARS Only ($000,000.00) to the designated Trustee Agent office. After necessary formalities, the Trustee Attorney shall be provided with a courtesy clear copy of the transfer with confirmation through the Provider and the respective Consultants via email within 24 hrs. ESCROW FEES WHATEVER (INCUSIVE OF REGISTRATION) ARE TO BE BORNE BY PF PROVIDER AND TO BE PAID AT THE TIME OF SIGNING THE ESCROW AGREEMENT, LESSEE WILL IN NO WAY BE RESPONSIBLE FOR ESCROW BORNE CHARGES/FEES AND ANY OTHER COST TO ESCROW AGENT.

Upon delivery and confirmation of the sum, within 3 to 5 banking days, the Provider shall instruct the issuing Bank to SWIFT MT-760 to Lessee’s banking coordinates for verification, authentication and settlement (Provider shall notify Lessee via email).

Upon the issuing bank issuance of the INSTRUMENT VIA SWIFT MT760 a TRANSMITTED copy of the Swift MT760 of the Instrument shall be provided by the Provider to Lessee and The Trustee Attorney VIA EMAIL. Upon the Lessee receiving the Swift TRANSMITTED copy the Lessee will have 48 Banking hours from the day it was received to confirm and authenticate the SWIFT MT760.

Trustee holder shall withhold the funds until all duties are complied. Keeping all parties informed. IN CASE PROVIDER FAILS TO ISSUE MT760 WITHIN (10) TEN DAYS AS AGREED, THEN THE ESCROW TRUSTEE AGENT SHALL RELEASE THE MONEY ($000,000 USD) TO THE LEESEE WITHOUT ANY PROTEST AND DEDUCTION OF ANY FEES AND/OR COST.

Within 48 hrs after confirmation of the MT760, Lessee has 48 hrs to notify the ESCROW Trustee Lawyer/Attorney upon satisfactory completion of the transaction. Trustee Attorney/Lawyer has 24 hours to release funds to Provider immediately. THE FUNDS MUST BE RELEASED ONLY UPON WRITTEN CONFIRMATION OF THE RECEIPT OF SWIFT BY RECEIVING BANK STATING SUCCESSFUL VERIFICATION AND AUTHENTICATION IS DONE OR UPON SUBMISSION OF TRANSMITTED COPY OF THE SWIFT.

Provider shall deliver the hardcopy of INSTRUMENT via bank-bonded courier within seven (7) banking days after receipt and confirmation of the full Invoice price via Swift MT-103.

This Agreement shall be served as the Addendum to original Leasing or Purchasing Agreement with the following Code:

Transaction Code:

between the Parties with respect to the subject matter hereof.

This Agreement may only be amended or modified by a written agreement signed by all of the Parties hereto.

This Agreement shall be governed by and construed under the laws of the ICC and Trustee law without giving effect to the law or principles of conflict of laws.

Lessee deposit shall be held by the Trustee agent for the purpose set forth above.

In witness whereof, the parties have executed this agreement at ______(designate place of execution) the day and year first above written.

SIGNATURE SECTION

Agreed by Lessee

______

Name of Authorized Signatory

Title

Passport Number

Country of Issue

Agreed by Provider

______

Name of Authorized Signatory

Title

Passport Number

Country of Issued

Escrow Lawyer

______

Lawyer Name

Lawyer’s Bar Number:

Country of Issued:

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