IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (“IMFPA”)
LEASING/BUYING SBLC FROM DEUTSCHE BANK OR OTHER BANK/S FEES
ENTITLEMENT
Date of Transaction: 18, FEB, 2021 Transaction Code: AGTCM-CSIB/SBLC/DEC312021
Financial Services Fees: Nineteen percent (19%) of all the total amount of SBLC face value leased
by the Lessee.
FEES PROTECTION AGREEMENT FOR FINANCIAL SERVICES RENDERED:
I, Mr. XXXXXXXXX Chief Executive Officer of XXXXCOMPANY NAMEXXXX , holder of
XXXXXXX Citizenship, Passport Number XXXXXXXXX, as authorized signatory for
ALLIED GROUP SDN BHD ON BEHALF XXXXCOMPANY NAMEXXXX AS,
(“PAYOR”), IN CONSIDERATION FOR SERVICES RENDERED BY ALL THE
BENEFICIARIES NAMED HEREUNDER IN THIS IMFPA, (HEREINAFTER CALLED THE
“BENEFICIARY”), IN ASSISTING OUR COMPANY, XXXXCOMPANY NAMEXXXX
AND OUR AFFILIATES TO SECURE AND LEASING/BUYING DEUTSCHE BANK OR
ANY OTHER BANK/S ISSUED STANDBY LETTER OF CREDIT, (“SBLC”),
WITH A TOTAL FACE VALUE OF EURO XXXX MILLION,(€100,000,000,000.00),
IDENTIFIED WITH ABOVE- WRITTEN TRANSACTION CODE: AGTCM-
CSIB/SBLC/DEC312021, WITH FULL LEGAL AUTHORITY AND RESPONSIBILITY,
UNDER PENALTY OF PERJURY, HEREBY ENDORSE THIS IRREVOCABLE MASTER
FEE PROTECTION AGREEMENT (IMFPA) FOR NINETEEN PERCENT (19.00%) OF ALL
THE TOTAL AMOUNT OF THE FACE VALUE OF THE SBLC TRANSACTED, WEEKLY
OR MONTHLY, AS THE CASE MAYBE, PURSUANT TO THE DEED OF AGREEMENT
SIGNED XXXXCOMPANY NAMEXXXX , (“THE BUYER”), AND CHARLES SCHWAB
INVESTMENT BANK., (“THE SELLER”), (“DOA”) INCLUDING ALL ROLLS AND
EXTENSIONS, FOR THE BENEFIT OF THE BENEFICIARY NAMED HEREIN FOR
SERVICES RENDERED.
THE TOTAL FEE FOR THIS AGREEMENT IS NINETEEN PERCENT (19.00%) IN EURO
CURRENCY, OF ALL THE TOTAL AMOUNT OF THE FACE VALUE OF THE SBLC
TRANSACTED, WEEKLY OR MONTHLY, IN ACCORDANCE TO THE TERMS AND
CONDITIONS OF THE “DOA” SIGNED BETWEEN THE BUYER AND THE ISSUER.
SAID FEE WILL BE PAID, WITHOUT PROTEST, PREJUDICE, RECOURSE OR DELAY
TO THE SAID BENEFICIARY:
PAYMASTER: XXXXXXXXXXXXXXXXXXXX
AMOUNT: NINETEEN PERCENT (19.00%) OF THE TOTAL AMOUNT OF THE FACE
VALUE OF THE SBLC TRANSACTED PAID BY THE LESSEE/BUYER TO THE
ISSUER/SELLER INCLUDING ROLLS AND EXTENSIONS PAID WITHIN FIFTEEN
BANKING DAYS FROM THE DAY OF VERIFYING & AUTHENTICATING THE
PURCHASED SBLC FACE VALUE TO THE DESIGNATED BANK ACCOUNT STATED
HEREUNDER.
This amount is payable to the designated Paymaster Bank/s Account/s, upon the payment of each and every
tranche of the SBLC leased/sold and delivered, weekly or monthly, as the case maybe, pursuant to the terms
and conditions of the “DOA” for the duration of the contract and including all rolls and extensions.
Paymaster Name
Bank Name
Bank Address
Bank Account Name:
Account Number/IBAN
Bank Code:
SWIFT Code:
Banker Officer Name
Banker Email Address
Banker Telephone Number
SPECIAL INSTRUCTIONS: TRANSFER WILL BE DONE BY SWIFT MT103
Beneficiary can change the paymaster account details with 48 hours before the payment.
PAYMASTER MAY CHANGE HIS RECEIVING BANKS BY SERVING PRIOR NOTICE IN WRITING
TO LESSEE WITHIN 2 BANKING DAYS THEREOF. PAYMASTER SHALL ISSUE THEIR OWN
RESPECTIVE PAYMENT ORDERS FOR ALL BENEFICIARIES IDENTIFIED WITHIN THIS OWN
GROUP FOR FEES RECEIVED SPECIFIC TO THIS AGREEMENT.
ALL TRANSFERS SPECIFIC TO THIS AGREEMENT ARE TO BE MADE BY SWIFT MT103, WIRE
OR INTERNAL BANK TRANSFERS AND TRANSFERRED IMMEDIATELY UPON CLOSING OF
EACH TRANSACTION OR TRANCHE OR WITHIN FIFTEEN BANKING DAYS FROM THE DAY OF
VERIFYING & AUTHENTICATING THE PURCHASED SBLC FACE VALUE WITHOUT LIENS OR
DELAYS OF ANY KIND WHATSOEVER. THE TRANSFER BANKING FEES WILL BE DEDUCTED
FROM THE TRANSFERRED AMOUNT.
THIS AGREEMENT BECOMES EFFECTIVE WITH THE EXECUTION OF THE DEED OF
AGREEMENT TO BE SIGNED BETWEEN THE BUYER AND THE SELLER REFERENCED BY THE
TRANSACTION CODE SET FORTH ABOVE AND SHALL REMAIN VALID AND ENFORCEABLE
FOR THE FULL TERM OF THE CONTRACT AND SHALL APPLY TO ANY AND ALL RENEWALS,
EXTENSIONS FOR A PERIOD OF FIVE (5) YEARS FROM THE DATE HEREOF. THIS WILL BE
EFFECTIVE ONLY AFTER THE SUCCESSFUL ISSUANCE OF THE FRIST TRANCHE IN THE DEED
OF AGREEMENT SIGNED BETWEEN THE BUYER AND THE SELLER.
THE APPLICABLE NON-CIRCUMVENTION/NON-DISCLOSURE CONDITIONS OF THE ICC 500
RULES AND REGULATIONS ARE BINDING UPON ALL PARTIES TO THIS AGREEMENT OR ANY
OTHER PENDING OR FUTURE TRANSACTIONS. ALL SIGNED COPIES OF THIS AGREEMENT
INCLUDING FAX TRANSMISSIONS THEREOF, SHALL BE CONSIDERED LEGALLY BINDING
DOCUMENTS. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS HEREOF ARE BINDING
AND INURE TO THE RESPECTIVE HEIRS, LEGAL REPRESENTATIVES, ASSIGNEES AND/OR
SUCCESSORS OF THE PARTIES HEREOF.
THE PAYING BANK
BANK NAME: :
BANK ADDRESS: :
SWIFT CODE: :
ACCOUNT NAME: :
ACCOUNT NO.: :
ACCOUNT SIGNATORY Name
BANK OFFICER EMAIL :
BANK OFFICER PHONE /FAX :
IT IS UNDERSTOOD THAT ALL PARTIES HEREIN INVOLVED ARE CONSIDERED TO BE BOUND
BY INTERNATIONAL STANDARD OF NON-CIRCUMVENTION/NON-DISCLOSURE AS
GOVERNED BY THE INTERNATIONAL CHAMBER OF COMMERCE, AND IF SUBJECT TO
LITIGATION, TO THE LAWS OF THE INVOLVED COUNTRIES.
PARTIES TO THIS AGREEMENT ARE INDEPENDENT CONTRACTORS AND ALL
CONTEMPLATED PAYMENTS AND/OR DISTRIBUTIONS HEREUNDER ARE DIVIDED
INTERESTS. ALL TAXES, FEDERAL, STATE OR OTHER, ARE THE INDEPENDENT
RESPONSIBILITY OF EACH OF THE PARTIES HERETO. REPORTING OF INCOME AND THE
PAYMENT OF ANY RELATED TAXES IS THE SOLE RESPONSIBILITY OF THE PARTIES
INDIVIDUALLY.
THE RECEIPT OF THIS DOCUMENT CONSTITUTES ACKNOWLEDGEMENT ON THE PART OF
RECIPIENTS HEREOF THAT THE TRANSACTIONS HEREIN ARE NOT TO BE IN VIOLATION OF
EXISTING REGULATIONS AND LAWS AND ALL PARTIES HEREIN ARE BOUND TO OBEY AND
BE IN COMPLIANCE WITH ALL REGULATIONS AND LAWS AS RELATED TO THE
TRANSACTIONS HEREIN.
THE SIGNATORY HEREOF AVERS AND CONFIRMS THAT HE HAS THE POWER AND
AUTHORITY TO EXECUTE THIS IRREVOCABLE MASTER FEE PROTECTION AGREEMENT.
ISSUED BY PAYOR: DATED: 18, February, 2021
Dated on this, 18 of February, 2021, for and on behalf of XXXXXXXXXXXXX
_____________________________________
Authorized Signature
DATE : 18th February, 2021
Client Name: MR. XXXXXXXXXXXXXXXXXXX
Company Name: XXXXXXXXXXXXXXXXXXX
Passport Number: XXXXXXXXXX
Date of Issue: XX/XX/20XX
Date of Expiry: XX/XX/20XX
Country of Issuance: XXXXXXXX
