We the undersigned herewith referred to as the THAI BAHT provider, under penalty of perjury do hereby irrevocably confirm and irrevocably accept to pay all intermediaries and fee holders at the same time and in a manner as the seller is being paid for each and every transaction of this contract up to the completion of the contract plus rollovers and extensions and in accordance with the bank details to be specified in the hard copies of this contract.
We, the THAI BAHT Provider, irrevocably confirm that we shall order and direct our bank to endorse automatic payment orders to the beneficiaries named below; furthermore, we, confirm that all pay orders shall automatically transfer funds as directed into each beneficiaries designated bank account within the same day upon completion of each and every transaction of the subject exchange inclusive of all rolls and extensions.
We, the THAI BAHT Provider, agree to provide all beneficiaries’ names and lodge with paying bank together with endorsement as acknowledgement of their acceptance.
Furthermore, our bank shall be instructed to provide duly signed and stamped acknowledgement of this instruction as set out in the annex, which forms an integral part of this agreement. It is understood that for the purposes of this Master Fee Protection Agreement, all receiving accounts for the beneficiaries shall be established in the same bank of the pay-out bank account.
We the undersigned being THAI BAHT provider or the providers named legally authorized representative as stated within the signed and legally binding main transaction, contract unconditionally agree and undertake to approve and originate all payments in THAI BAHT currency to all beneficiaries named below as their rightful and payable commissions. This agreement also acts as a record confirming the commission amounts for each named beneficiary as set out below:-