PROCEDURES:
The PartyA and the Party B execute, sign and seal this Agreement on the Delivery which thereby automatically becomes a full commercial recourse contract. After the present Agreement is signed Party A sends to the Party B history of financial funds. The Sender and Receiver agree and confirm the time for the bank-to-bank communication of bank officers. The officer's bank Party A must phone to an officer of the bank Party B, party prior to the start time and coordinate work.
The bank officer of the Party B will tell inform to the bank officer of the Party A (after his inquiry on data of the bank).
Party A Bank officer will informbank account details and the amount to be transferred.
There is Telegraphic Transfer or Swift involved.
After the transfer is done, the Party A Bank officer immediately and without any delay submits to the Party B via e-mail
Upon receiving the funds, Party B, will transfer :
80% (EIGHTY PERCENT)funds to indicated bank account of the Party A,
2.5% (TWO POINT FIVE PERCENT) to CAMBODIA - Facilitators/Intermediaries Groups
2.5% (TWO POINT FIVE PERCENT) to THAILAND - Facilitators/Intermediaries Groups
FEES PAID BY THE RECEIVER TO THE PROVIDER AND CONSULTANTS:
LIST OF PAYMENT:-
PROVIDER/ SENDER: 80% (EIGHTY PERCENT) of each transaction value.
CONSULTANTS (THAI GROUP): 2.5% (TWO POINT FIVE PERCENT) of each transaction value.
CONSULTANTS (CAMBODIA GROUP): 2.5% (TWO POINT FIVE PERCENT) of each transaction value.
This Fee Agreement-Pay order shall be lodged in our bank and a copy from that bank will be forwarded to all beneficiaries, I AGREE TO THE ABOVE IRREVOCABLE FEE PROTECTION AGREEMENT IN ITS ENTIRETY.
This agreement once executed by both parties will become effective as of the date first written above. Any official notice(s) exchanged by the parties hereto, shall be sent to the first mentioned address(s) herein or as may be attached by addenda hereto.
A facsimile or electronically transferred copy duly signed by both parties shall be deemed original.
Witness whereof, the parties hereto do set their hands and are witnessed with seals upon this Agreement as of this August ….., 2015.
Exchange Recipient s Initial…………………… Page 9 of 10Exchange ‘s Initial…………………..