SERVICES AGREEMENT
Transaction Code:
This Services Agreement is entered on this Effective Date of Xth May, 2015.
Between
Party A: Collateral Provider / LC Issuer
Name: Jittra Chayapum representative of Col Ekkasit Prakainree
Address: HONG KONG
(Hereafter called DLC Issuer)
Party B: Discounting House / DLC Receiver
Name: XXXXXXXXXXXX
Address: XXXXXXXXXXXXXXXXXXX
(Hereafter called DLC Receiver)
Financial Instrument
DOCUMENTARY LETTER OF CREDIT (DLC) of amount USD$ 5,400,000.00 with duration of 90 Days from its date of issuance (DLC verbiage as per attachment).
RESPONSIBILITY OF DLC ISSUER
The DLC Issuer shall be responsible to issue a total of USD$ 5,400,000.00(Five Million and Four Hundred Thousand United stated Dollars) DLC to DLC Receiver bank account in tranches.
RESPONSIBILITIES OF DLC RECEIVER
The DLC Receiver shall be responsible to remit the agreed amount to DLC Issuer’s designated bank account.
THEREFORE both parties come to the following Terms and Conditions:
Clause 1
Service Amount
The Service amount shall be 13.5% (Thirteen Point Five Percent)+ Consultant Fee 1.00% (One Percent) of the DLC face value.
Transaction Tranche
- 1st Tranche issue on 12 May 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
- 2nd Tranche issue on 26 May 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
- 3rd Tranche issue on 9 June 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
- 4th Tranche issue on 23 June 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
- 5th Tranche issue on 7 July 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
- 6th Tranche issue on 21 July 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
SERVICES AGREEMENTTransaction Code: This Services Agreement is entered on this Effective Date of Xth May, 2015.BetweenParty A: Collateral Provider / LC IssuerName: Jittra Chayapum representative of Col Ekkasit PrakainreeAddress: HONG KONG (Hereafter called DLC Issuer)Party B: Discounting House / DLC ReceiverName: XXXXXXXXXXXXAddress: XXXXXXXXXXXXXXXXXXX(Hereafter called DLC Receiver)Financial InstrumentDOCUMENTARY LETTER OF CREDIT (DLC) of amount USD$ 5,400,000.00 with duration of 90 Days from its date of issuance (DLC verbiage as per attachment).RESPONSIBILITY OF DLC ISSUERThe DLC Issuer shall be responsible to issue a total of USD$ 5,400,000.00(Five Million and Four Hundred Thousand United stated Dollars) DLC to DLC Receiver bank account in tranches.RESPONSIBILITIES OF DLC RECEIVERThe DLC Receiver shall be responsible to remit the agreed amount to DLC Issuer’s designated bank account. THEREFORE both parties come to the following Terms and Conditions:Clause 1Service AmountThe Service amount shall be 13.5% (Thirteen Point Five Percent)+ Consultant Fee 1.00% (One Percent) of the DLC face value.Transaction Tranche- 1st Tranche issue on 12 May 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)- 2nd Tranche issue on 26 May 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)- 3rd Tranche issue on 9 June 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)- 4th Tranche issue on 23 June 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)- 5th Tranche issue on 7 July 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)- 6th Tranche issue on 21 July 2015 a total of USD$ 900,000.00(Nine Hundred Thousand United stated Dollars)
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