Initial: ______ Client Information Sheet/ Initialed by US PPE Source 1 Irrevocable Master Fee Payment Agreement (also known as IMFPA) 1. Intermediary and Contract Information/ US PPE SOURCE TRANSACTION MANAGEMENT Contract №: US PPE SOURCE TRANSACTION ( # ) Intermediary’s Name: US PPE SOURCE Intermediary’s Address: 15446 N. GREENWAY HAYDEN LOOP #2085 SCOTTSDALE, AZ 85260 Intermediary’s Phone Number: 562-825-7193 Intermediary’s Fax Number: N/A Signatory: APRIL E. SINGH Title: MANAGING PRINCIPAL Commodity: PPE: Personal Protective Equipment (Gloves, Masks) Total commissions to intermediaries $ Split/Shares EQUAL SHARES including US PPE Source # of members/companies/paymasters Each Group or individual below Paymaster Fees Equally deducted from each commission see fee chart Attorney Fees for closing appointments Equally deducted from each commission see fee chart 2. This Irrevocable Master Fee Protection Agreement (IMFPA) is issued to the Paymaster involved in the sale of the Commodity identified by the above Contract Number. Commission payments will be made after the delivery and payment for each shipment, as agreed between the Intermediary and the beneficiary’s Paymaster. The commission will be paid to the beneficiary’s Paymaster named in the I.M.F.P.A. for all contracted quantity including all extensions and rollovers on shipment by shipment basis as per the following proceeds 2.1 The entitlements herein specified will be transferred in full compliance with articles 48 and 49 of ICC N0. 500, as amended, in favor of the paymaster herein been named.
Transcript
Initial: ______ Client Information Sheet/ Initialed by US PPE Source 1
Irrevocable Master Fee Payment Agreement (also known as IMFPA)
1. Intermediary and Contract Information/ US PPE SOURCE TRANSACTION MANAGEMENT
Contract №: US PPE SOURCE TRANSACTION ( # )
Intermediary’s Name: US PPE SOURCE
Intermediary’s Address: 15446 N. GREENWAY HAYDEN LOOP #2085 SCOTTSDALE, AZ
85260
Intermediary’s Phone Number: 562-825-7193
Intermediary’s Fax Number: N/A
Signatory: APRIL E. SINGH
Title: MANAGING PRINCIPAL
Commodity: PPE: Personal Protective Equipment (Gloves, Masks)
Total commissions to intermediaries $
Split/Shares EQUAL SHARES including US PPE Source
# of members/companies/paymasters Each Group or individual below
Paymaster Fees Equally deducted from each commission see fee chart
Attorney Fees for closing appointments Equally deducted from each commission see fee chart
2. This Irrevocable Master Fee Protection Agreement (IMFPA) is issued to the Paymaster
involved in the sale of the Commodity identified by the above Contract Number. Commission
payments will be made after the delivery and payment for each shipment, as agreed between
the Intermediary and the beneficiary’s Paymaster. The commission will be paid to the
beneficiary’s Paymaster named in the I.M.F.P.A. for all contracted quantity including all
extensions and rollovers on shipment by shipment basis as per the following proceeds
2.1 The entitlements herein specified will be transferred in full compliance with
articles 48 and 49 of ICC N0. 500, as amended, in favor of the paymaster herein been named.
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2.2 Payable automatically, upon payment for each and every shipment, by swift wire
transfer.
2.3 The payments will be made without protest, delay, or deductions (other than
normal Bank wire transfer fees).
2.4 The entitlement under this IMFPA covers the entire transaction identified and
defined herein including all extensions and rollovers.
2.5 IT IS UNDERSTOOD AND AGREED THAT BOTH PARTIES SHALL EACH BE
INDIVIDUALLY RESPONSIBLE FOR THE PAYMENT OF THEIR OWN RESPECTIVE TAXES AND
GOVERNMENT CHARGES THAT MAY BE APPLICABLE. THIS IRREVOCABLE FEE PROTECTION
AGREEMENT SHALL REMAIN UNCHANGED UNTIL THE TRANSACTION(S) UNDER THE ABOVE
REFERENCED IRREVOCABLE MASTER FEE PROTECTION AGREEMENT HAS BEE COMPLETED AND
TERMINATED.
3. I, the undersigned, with full corporate authority and legal responsibility, under penalty of
perjury, on behalf of the Intermediary, do hereby irrevocably and conditionally undertake to
pay the commission specified in this Irrevocable Master Fee Protection Agreement in United
States Dollars, in favor of the beneficiary Paymaster named herein. A commission based on the
attached Paymaster Rate Sheet (in USD) will be paid to the Paymaster. The said commission
becomes payable if the referenced transaction has successfully been concluded and the
payment of the commodity has been made by the Buyer in favor of the undersigned in respect
of each and every shipment that has been delivered. The responsibility of the undersigned
payer is limited to the transfer of the entitlement to the beneficiary paymaster whenever the
commodity delivered has been paid by the Buyer and to the observances of the practices of the
NCND.
4. It is expressly understood that Attorney Steve Okoroha agrees to act as Paymaster and take
full responsibility in the disbursement of funds (commissions as referrals, brokers, finder's fees)
in an expedient and fair fashion, as agreed and understood by all parties concerned.
5. Any controversy or claim arising out of or relating to this agreement or the breach thereof
and which is not settled between the signatories themselves within ninety (90) days shall be
settled by arbitration in accordance with the rules of the American Arbitration Association and
judgment upon the award rendered by the arbitrator(s) may be entered in any court having
jurisdiction thereof including the award to the grieved signatory(ies). Their heirs, assignees,
and/or designs for the total remuneration received as a result of business conducted with the
parties covered by this agreement, plus all court costs, attorney fees, and other charges and
damages deemed fair by the arbitrator(s) for bank, lending institutions, corporations,
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organizations, individuals, lenders or borrowers, buyers, sellers, or Intermediaries that were
introduced by the named signatories.
6. Signature in this agreement received by fax or email, shall be deemed to be an executed
contract agreement enforceable and admissible for all purposes as made necessary under the
terms of the agreement.
7. Intermediary’s Banking Information:
Bank Name: Chase
Address:
City: Scottsdale
Country: USA
Account Name: US PPE Source
Account Number:
Wire Routing Number/Swift Code:
Telephone: 480-596-5019
Email:
*US PPE Source above participates in equal shares of commissions with buyer’s intermediaries
8. Beneficiary’s Banking Information:
Commission: EQUAL SHARES
Company Name:
Telephone:
Fax Number:
Beneficiary:
Bank Name:
Bank Address:
Account Number:
Wire Routing Number/Swift Code:
Bank Officer:
Bank Phone Number:
Bank Email:
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Commission: EQUAL SHARES
Company Name:
Telephone:
Fax Number:
Beneficiary:
Bank Name:
Bank Address:
Account Number:
Wire Routing Number/Swift Code:
Bank Officer:
Bank Phone Number:
Bank Email:
Commission: EQUAL SHARES
Company Name:
Telephone:
Fax Number:
Beneficiary:
Bank Name:
Bank Address:
Account Number:
Wire Routing Number/Swift Code:
Bank Officer:
Bank Phone Number:
Bank Email:
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Commission: EQUAL SHARES
Company Name:
Telephone:
Fax Number:
Beneficiary:
Bank Name:
Bank Address:
Account Number:
Wire Routing Number/Swift Code:
Bank Officer:
Bank Phone Number:
Bank Email:
Commission: EQUAL SHARES
Company Name:
Telephone:
Fax Number:
Beneficiary:
Bank Name:
Bank Address:
Account Number:
Wire Routing Number/Swift Code:
Bank Officer:
Bank Phone Number:
Bank Email:
Initial: ______ Client Information Sheet/ Initialed by US PPE Source 6
