Clause 1. In a case the Company deems it is appropriate to cancel this reservation for what ever reason before executing the agreement, I reserve the right to receive all the reservation fees together with interest of the rate at the rate specified by the commercial bank computed from date the Company received the reservation fees up to the date of refunding the same amount with payable interest. Upon the receipt of the reservation fees with interest from company, I agree that this letter of intent to be voided and it shall no longer have binding effect on both parties. I also agree not to file a civil or criminal suit against the Company entirely
Clause 2 . I agree not to revoke this reservation prior to executing the Agreement with the Company, unless a written permission is given from the Company. In a case the permission is granted, I agree to allow the company to use its discretion to refund the reservation fess without interest partially or entirely, as it deems appropriate