The USD PROVIDER and HKD PROVIDER agree to this PRIVATE CURRENCY EXCHANGEAGREEMENT (hereinafter referred to as the“AGREEMENT”) and its contents as detailed below:
WHEREAS, the USD PROVIDER presents legal tender – UNITED STATES DOLLARS (USD) available and warrants that they are good, clean, clear of non-criminal origin, free from any liens and taxes, freely transferable to be exchanged for Hong Kong Currency (HKD) or Renminbi (Yuan).
WHEREAS, BOTH PARTIES hereby declare that the herein referred to currencies are good, clean, cleared, legitimate, legally earned and of non-criminal origin. These funds are freely tradable inside and outside of the Country of Origin; can be utilized for unrestricted use; and are free from any and all taxes, levies, duties, charges, liens or other encumbrances of any nature.