Irrevocable Master Fee Protection Agreement (Imfpa)
Irrevocable Master Fee Protection Agreement (Imfpa)
C 400/500/600)
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA) ALLREADY SIGNED
DATED XXXXXXXX
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
CONTRACT NO.
COMMODITY
ORIGIN
CONTRACT QTY
CONTRACT PERIOD,
PRICE
SELLER’S NAME
REPRESENTED BY
BUYER’S NAME
REPRESENTED BY
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA) ROLLOVER FOR 12 MONTH TO MAKE
REMITTANCE TO ALL BENIFICERIES AUTOMATICALLY HIS COMMISSION EVERY MONTH
We the undersigned Seller herewith referred as the , under penalty of perjury do hereby irrevocably confirm and
irrevocably accept to pay all intermediaries and fee holders at the same time and in a manner as the seller is being paid
for each and every transaction of this contract up to the completion of the contract plus rollovers and extensions and in
accordance with the bank details to be specified in the hard copies of this contract.
We, the Seller, irrevocably confirm that we will order and direct our bank to endorse automatic payment orders to the
beneficiaries named below; furthermore, We, the Seller, confirm that all pay orders shall automatically transfer funds as
directed into each beneficiaries designated bank account within 1 (one) day after the date of closing and completion of
each and every shipment of the product during the contract term plus any/or extensions and rollover of the specified
contract. For the purpose of clarity, we confirm that the closing and completion of each and every shipment shall be
deemed to take place when the letter of credit issued by the buyer has been drawn down at the counters of the issuing
bank.
We, Seller, agrees to provide all beneficiaries with written evidence of the pay orders lodged with our bank together with
acknowledgements of their acceptance. Furthermore, our bank shall be instructed to provide duly signed and stamped
acknowledgement of this instruction as set out in the annex. Forming part of this agreement. It is understood that for the
purposes of this Master Fee Protection Agreement, our bank shall be the same bank and this IMFPA acts as an integral
part of it.
We the undersigned being Seller or the seller named legally authorized representative as stated within the signed and
legally binding main transaction, contract unconditionally agree and undertake to approve and originate all payments in
USD currency to all beneficiaries named below as their rightful and payable commissions. This agreement also acts as a
record confirming the commission amounts for each named beneficiary as set out below:-
This master fee protection agreement and any subsequently issued pay orders shall be assignable, transferable and
divisible and shall not be amended without the express written and notarized consent of the receiving beneficiary. All
parties agree neither to circumvent nor to attempt circumvent either for the transaction of this current contract or in the
future for a period of five (5) years from the date of the execution of this fee protection agreement. This document binds
all parties, their employees, associates, transferees and assignees or designees.
All faxed and/or e-mailed signatures shall be considered as original signatures for the purpose of binding all parties to this
agreement. This document may be signed & in any number of counterparts all of which shall be taken together and shall
constitute as being one & the same instrument.
Any party may enter into this document and the agreement constituted thereby by signing any counterpart any time, date
or period mentioned in any provision of this document shall only be amended by agreement in writing and signed off by
all parties concerned.
Furthermore, we agree that any and all commissions due shall be paid to the beneficiary as a result of any extension or
rolls of the contract and that we shall effect all necessary documentation with our bank without any undue delays to
ensure such commissions and paid within the terms of the agreement.
PARTIAL INVALIDITY:
The illegality, invalidity and non-enforceable provision of this document under the laws of any jurisdiction shall not affect
its illegality, validity or enforceability under the law of any other jurisdiction or provision.
ARBITRATION:
All parties agree to refer any disputes between the parties arising out of or in connection with this agreement including
any questions regarding its existence, validity or termination to arbitration rules of the international arbitration centre
(I.A.C). The appointed arbitrator shall hold the proceedings in any country chosen by the parties and the rules of the IAC
shall apply.
This document is signed and accepted by parties named below as to be included in the main contract.
“Accepted and agreed without change (Electronic signature is valid and accepted as hand signature)”
1. EDT(Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this
Contract. As applicable, this agreement shall be:-
Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in Global & National Commerce Act’’ or such other
applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001)
2. ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations
Centre for Trade Facilitation and Electronic Business (UN/CEFACT).
3. EDT documents shall be subject to European Community Directive No. 95/46/EEC, as applicable. Either Party may
request hard copy of any document that has been previously transmitted by electronic means provided however, that any
such request shall in no manner delay the parties from performing their respective obligations and duties under EDT
instruments.
AMOUNT PER
ROLL OVER CONTRACT EVERY MONTH
COMMISSION MONTH
TO BE PAID US$
NAME:
Passport # : Beneficiary’s Name :
Company
Account # :
Name :
Designation : Bank Name :
Fax # : CORRESPONDENCE
BANK NAME
Mobile # : Swift Code:
SIGNATURE
&
SEAL SELLER BANKER’S ENDORSED AND SEAL AND SIGNED
ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA) & NCNDA
Page 4 of 12
AMOUNT PER
MONTH ROLL OVER CONTRACT EVERY MONTH
COMMISSION
US$ TO BE PAID US$
NAME:
Company
Account # :
Name :
Designation : Bank Name :
Fax # : CORRESPONDANCE
BANK NAME
Mobile # : Swift Code:
BUYER’S FACILITATOR
AMOUNT PER
ROLL OVER CONTRACT EVERY MONTH
COMMISSION MONTH
TO BE PAID US$
US$
NAME:
Passport # : Beneficiary’s Name :
Company
Account # :
Name :
Designation : Bank Name :
Fax # : CORRESPONDANCE
BANK NAME
Mobile # : Swift Code:
SIGNATURE
&
SEAL SELLER BANKER’S ENDORSED AND SEAL AND SIGNED
ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE
BUYER’S FACILITATOR
AMOUNT PER
MONTH ROLL OVER CONTRACT EVERY MONTH
COMMISSION
TO BE PAID US$
Nationality : Account # :
Correspondence
Address : Bank:
Telephone # : SWIFT
Mobile # : Account #
Beneficiary Bank
SWIFT CODE
Message and a copy of Bank Wire Transfer
slip shall be emailed to:
For legal verification and documentation
pursuant to Patriot Act / Banking
regulations with One Original Contract Copy
Today’s Date : Instruction to be filed with Bank.
ALL TRANSFER INSTRUCTIONS SHALL
STATE: “FUNDSARE CLEAN AND CLEAR,
OF NON-CRIMINAL ORIGIN AND
ARE PAYABLE IN CASH IMMEDIATELY
UPON RECEIPT BYBENEIFICIARY’S BANK.”
SIGNATURE
& SELLER BANKER’S ENDORSED AND SEAL AND SIGNED
SEAL ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE
BUYER’S FACILITATOR
TOTAL QTY
COMMODITY TOTAL COMMISSION for 12 months
AMOUNT PER
MONTH ROLL OVER CONTRACT EVERY MONTH
COMMISSION
TO BE PAID US$
NAME:
Passport # : Beneficiary’s Name :
Company
Account # :
Name :
Designation : Bank Name :
Fax # : CORRESPONDANCE
BANK NAME
Mobile # : Swift Code:
Email Further Credit and
Address : Account No.
All Wire transfers shall incorporate below Text
Message and a copy of Bank Wire Transfer
slip shall be emailed to:
For legal verification and documentation
pursuant to Patriot Act / Banking regulations
with One Original Contract Copy to be filed with
Today’s Date : Instruction Bank.
ALL TRANSFER INSTRUCTIONS SHALL
STATE: “FUNDSARE CLEAN AND CLEAR, OF
NON-CRIMINAL ORIGIN ANDARE
PAYABLE IN CASH IMMEDIATELY UPON
RECEIPT BY BENEIFICIARY’S BANK.”
SIGNATURE
&
SELLER BANKER’S ENDORSED AND SEAL AND SIGNED
SEAL
ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE
BUYER’S FACILITATOR
TOTAL QTY: TOTAL COMMISSION for 12 months
COMMODITY
AMOUNT PER
MONTH ROLL OVER CONTRACT EVERY MONTH
COMMISSION
TO BE PAID US$
NAME:
Passport # : Beneficiary’s Name :
Company
Account # :
Name :
Designation : Bank Name :
Address : Bank Address :
Fax # : CORRESPONDANCE
BANK NAME
Mobile # : Swift Code:
SIGNATURE
& SELLER BANKER’S ENDORSED AND SEAL AND SIGNED
SEAL ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE
SELLER’s AGENT
TOTAL QTY:
COMMODITY TOTAL COMMISSION for 12 months
AMOUNT PER
MONTH ROLL OVER CONTRACT EVERY MONTH
COMMISSION
US$ TO BE PAID US$
NAME:
Passport # :
Nationality :
Company
Name :
Designation :
Address :
Telephone # :
Fax # :
Mobile # :
Email
Address :
SIGNATURE
&
SEAL SELLER BANKER’S ENDORSED AND SEAL AND SIGNED
ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE
MY COMMISSION EXPIRES:
__________________________
NOTARY PUBLIC SIGNATURE :
OFFICER NAME:
TITLE:
ADDRESS:
TEL:
TODAY’S DATE:
[SEAL
BANK ENDORSEMENT
THIS IS TO CERTIFY T HAT THE ABOVE IRREVO CABLE PAYMENT ORDER HAS BEEN LODGED WITH US
AND WILL BE EXECUTED IN ACCORDANCE WITH T HE INSTRUCTIONS STIP ULATED IN THIS DOCUM ENT.
AND PAYMENT TO ALL ABOVE AGENT AND FACIL IATORS R EMITTANCE DIRECTLY.
_______________________
1st BANK OFFICER SIGNATURE
BANK OFFICE NAME:
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA) & NCNDA
Page 11 of 12
TITLE:
PIN NUMBER:
BANK NAME:
BANK ADDRESS:
BANK TEL:
TODAY’S DATE:
[SEAL ]
___________________________
nd
2 BANK OFFICER SIGNATURE
BANK OFFICE NAME:
TITLE:
PIN NUMBER:
BANK NAME:
BANK ADDRESS:
BANK TEL:
TODAY’S DATE:
[SEAL ]
END OF DOCUMENT