Escrow Deposit is never released to Provider.

ABSOLUTELY LEGAL ESCROW CONTRACTS SAFEGUARD CLIENT INTEREST

BY A NEUTRAL 3RD PARTY 50-YEAR OLD US LAW FIRM

There is no clause to release your Escrow deposit to the Provider.

 

Trustee holder (Attorney) shall withhold the funds until all duties are complied, keeping all parties informed.

IN CASE PROVIDER FAILS TO ISSUE MT760 WITHIN (10) TEN DAYS AS AGREED,

THEN THE ESCROW TRUSTEE AGENT SHALL RELEASE THE MONEY (XXX,000 USD) TO THE LEESEE

 WITHOUT ANY PROTEST AND AFTER DEDUCTION OF AGREED UPON FEES AND/OR COST.”

 

Escrow Deposit is never released to Provider. It always remains with the most reliable 50-year old US Law firm. It is refunded back to you. It will remain with the neutral 3rd Party US Attorney till the successful execution of the Contract by all the Parties, the client and the Provider. In case of dispute between the Provider and the client claims, the matter will be ARBITRATED by the Los Angeles Bar Association as per the Contract with the Attorney given below.

There is no clause to release your Escrow deposit to the Provider. On the basis of this assurance, Provider pays his own money as Deposit to the Issuing Bank to let it issue BG/SBLC.

If client does not pay 9 + 3 BG/SBLC cost, then this Deposit will not be refunded to the client by the US attorney. In such a case it will be released to the Provider.

But in case of Monetizing by the same Provider, such a case of not paying BG/SBLC cost 9 + 3 will never arise. Therefore Attorney will have to refund it to the client.

 

I am giving below the verbiage of the proposed Escrow Contracts with the Attorney and with the Provider.

Please inform and correct me, if you find anything in Escrow contracts with the US Attorney and with that of the Provider against my above interpretation of the Escrow Contracts.

 

Regards,

Hussain Khan, Tokyo

ABOUT DUE DILIGENCE ON OUR ATTORNEY:

 

As regards due diligence on our US Attorney, client is free to do so from his name and address available in our Escrow Agreement.

But in this age of Internet, everyone is free to write false reports about anyone.

If the client comes across any such reports, he should do due diligence on such lies and baseless false reports as well.

Best criteria for it will be to determine whether the Attorney is still a practicing Attorney with a license or not. If the Attorney has again missing after taking any client’s Escrow Deposit, he will no more be a practicing Attorney.

If the License of any Attorney has not been revoked and he is openly practicing, that will be the best proof of an Attorney being genuine, honest reliable  and fair.

 

ABOUT CHARGES AND STEP BY STEP MONETIZING PROCEDURE:

 

What do you means by Escrow charges? Attorney takes 5% of your $60,000=$3,000 only in case of a BG for A face value of $10,000,000 (Ten Million dollars).

Other charges are 9 + 3=12% of face value of BG, i.e. $1,200,000.

 

Step by Step Procedure:

 

  1. You send LOI, Escrow Agreement and duly filled and signed by the client.

  2. Provider sends back only Escrow Agreement first duly signed by him and the US Attorney.

  3. You remit Escrow Deposit (e.g.$60,000) to Attorney account and mail copy of Remittance slip to us.

  4. Provider countersigns LOI, which becomes DOA.

  5. You send ICBPO or MT799 Blockfunds ORConditional Promissory Note of (12%=)$1,200,000).

  6. Provider first sends MT799 Pre-Advice from Top Bank showing RWA for issuing BG.

  7. Your bank agrees to receive BG MT76.

  8. You pay Promissory Note Amount.

LEASING & BUYING PROCEDURE:

  1. (A) Lessee/Borrower signs our (1) Escrow Agreement and (2) the Monetizing Agreement along with this (IN CASE IT IS MONETIZED BY US); (3) Letter of Intent with full banking coordinates and returns together with Client Information Sheet, Board Resolution, IMFPA  and scanned copy of their passport.  

.            (B) LESSEE  PROVIDES HIS BANK LETTER APPROVING VERBIAGE OF OUR SWIFT MT-799 (AS PER “APPENDIX A”.

       2. Within Two (2) international banking days after gettting the countersigned Escrow Agreemnt (and the countersigned Monetizing Agreement, IF NECESSARY) by the Provider, Lessee must remit in advance full required amount of the Refundable Escrow Depositto our designated US Attorney account in California. Los Angeles Bar Association will have the authority of Arbitration, if there arises any dispute between the Provider and the Lessee.

       3. ESCROW MINIMUM DEPOSIT shall be based as follows:

            500,000 to 10M= Minimum of  60,000 USD/EURO

             10M to 50M    = Minimum of 100,000 USD/EURO,

             51M to 100Mm  = Minimum of 150,000 USD/EURO,

             101M to 500M =  Minimum of 200,000 USD/EURO,

       4. OR Pay Refudable Transmission Fee Direct to the Provider account instead of the Escrew Attorney. In this case, Provider will issue an Invoice and a Corporate Refund Letter along with the countersigned DOA for the client to have DD on Provider before any remittance. DIRECT TO PROVIDER DEPOSIT 

BANK TRANSMISSION FEES TO SEND MT799/MT760

  1. Bank transmission fee for 500,000 to 5M is USD/EURO 29,900.00

  2. Bank transmission fee for 5M to 20M is USD/EURO 39,800.00

  3. For 21M TO 50M: A DEPOSIT OF $48,000

  4. For 51M TO 100M: A DEPOSIT OF $58,000

  5. For 100M TO 500M: A DEPOSIT OF $185,000 

       5.  On receipt of full Escrow deposit amount confirmation from the Attorney, Lessor will complete Due Diligence within 72 hours, countersigns and returns the Letter of Intent, along with Client Information Sheet and enlarged scanned copy of signatory passport. Making the Letter of Intent a Binding Contract. Both parties shall lodge the Contract with their handling banks for record.

       6.  This Agreement, with electronic signatures of both the Parties, if transmitted by facsimile or electronic mail, shall be considered as an original, legally enforceable document.                                        

       7.  Within Three (3) international banking days upon satisfactory verification of the wire transfer payment of full Escrow Deposit and after Lessor issues his countersigned Deed of Agreement (DOA), Lessor’s BG-Issuing Top Bank will schedule to issue Pre Advice via SWIFT MT-799 to LESSEE (OR MONETIZER’s bank as per Montizing Agreement).

        8.  After receiving Pre-Advice, Lessee will send ICBPO of BG/SBLC cost as per our Appendix A. Then Issuing Bank will swift MT760.

        9.  Hard Copy of the BGs will be delivered to LESSEE OR MONETIZER’s Bank within Seven (7) international banking days via bonded bank courier.

APPENDIX A

THE CLIENT WILL HAVE TO FOLLOW THIS CLAUSE IN OUR DOA PROCEDURE:

(B) LESSEE  PROVIDES HIS BANK LETTER APPROVING VERBIAGE OF OUR SWIFT MT-799 (AS PER “APPENDIX A” TO LESSOR’S DESIGNATED RECEIVING BANK.

BANK LETTER APPROVING OUR VERBIAGE OF ICBPO ON BANK LETTERHEAD

(Addressed to the PROVIDER or to its own client)

WE AGREE WITH THE VERBIAGE OF THE ICBPOs AS GIVEN IN APPENDIX A BELOW AND ARE READY, WILLING AND ABLE TO SEND ANY ONE OF THEM THROUGH SWIFT 799 AS REQUIRED IN THE LOI FOR GETTING BG/SBLC, ON THE INSTRUCTIONS OF OUR CLIENT: (…….…….), AFTER RECEIVNG THE COUNTERSIGNED CONTRACT BY THE BG/SBLC PROVIDER.

BANK OFFICER: (……………..NAME, SIGN AND SEAL…………..)

 

APPENDIX A

ACCEPTABLE DRAFT OF

PROOF OF FUNDS – BLOCK FUNDS

SWIFT INPUT: MT 799

PROOF OF FUNDS – BLOCKED FUNDS

REGARDING

TRANSACTION CODE: …………………………………….

 

SENDER

BANK NAME:

BANK ADDRESS:

BANK TEL/ FAX:

BANK OFFICER NAME:

SWIFT CODE:

ACCOUNT NAME:

ACCOUNT NO:

RECEIVER

BANK NAME:   

BANK ADDRESS:        

BANK OFFICER NAME:

SWIFT CODE:  

ACCOUNT NAME:

ACCOUNT NO:

BANK TEL / FAX:         

WE,-----------------------THE BANK, HAVING AN ADDRESS AT---------------- , HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY AND LIABILITY THAT OUR CLIENT-----------------------------HAS ON DEPOSITS WITH OUR BANK UNDER THEIR SOLE SIGNATURE IN ACCOUNT NUMBER---------------- (or IBAN NUMBER: -----------------), FOR THE THE SUM OF XXXXXXXXXX  MILLION

THESE FUNDS ARE CLEAN, CLEARED, OF NON-CRIMINAL ORIGIN AND ARE FREE OFANY LIENS AND ENCUMBRANCES AND ARE AVAILABLE TO THE CLIENT WITHOUT ANY RESTRICTIONS.

 

THESE FUNDS ARECURRENTLY PUT ON ADMINISTRATIVEHOLD FOR THE BENEFIT OF (BENEFICIARY NAME), FOR THE PERIOD OF 45 DAYS OR TILL THE TRANSACTION …………………………………..IS COMPLETED, WHICHEVER IS EARLIEST. THIS INSTRUMENT WILL REMAIN VALID UNTILL THE END OF THIS TRANSACTION.  THIS INSTRUMENT WILL AUTOMATICALLY EXPIRE IF PRE-ADVICE MT799 OR MT760 IS NOT RECEIVED BY US WITHIN 10 BANKING DAYS OF ITS ISSUING DATE.  

 

THIS INSTRUMENT IS VERIFIABLE AND CONFIRMABLE BY RESPONSIBLE BANK INQUIRY AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AND IS GIVEN FOR AND ON BEHALF OF …………………………………., THE ISSUER.

 

BANK OFFICER NAME                          BANK OFFICER NAME

TITLE                                                    TITLE

PIN NO:                                                            PIN NO:

 

ACCEPTABLE DRAFT OF ICBPO

SWIFT INPUT: MT 799

REGARDING

TRANSACTION CODE: …………………………………….

 

IRREVOCABLE CONDITIONAL BANK PAYMENT ORDER via MT-799

SENDER:

BANK:

BANK OFFICER:

PHONE NUMBER:

FAX NUMBER:

S.W.I.F.T. CODE:

ACCOUNT NUMBER:

ACCOUNT HOLDER:

BY THE ORDER OF:

RECEIVER: BANK NAME:                 BANK ADDRESS:          SWIFT CODE :               ACCOUNT NAME:           ACCOUNT NUMBER:      BANK OFFICER:             BANK TELEP NO.:          DATE OF ISSUE; DATE OF EXPIRE: TRANSACTION CODE:

NARRATIVE:   WE, ____________ BANK NAME____________REPRESENTED BY THE UNDERSIGNED OFFICERS HEREBY OPEN OUR IRREVOCABLE, ASSIGNABLE, TRANSFERABLE, CONFIRM-ABLE AND CONDITIONAL BANK PAYMENT ORDER IN FAVOR OF ……………………. FOR THE THE SUM OF  XXXXXXXXXXX DUE 45 DAYS FROM THE DATE OF THE TRANSMISSION OF THIS SWIFT WHICH IS:____ (DATE) OR UNTIL THIS TRANSACTION IS COMPLETED WHICHEVER ONE COMES FIRST.THIS INSTRUMENT WILL REMAIN VALID UNTILL THE END OF THIS TRANSACTION.  THIS INSTRUMENT WILL AUTOMATICALLY EXPIRE IF PRE-ADVICE MT799 OR MT760 IS NOT RECEIVED BY US WITHIN 10 BANKING DAYS OF ITS ISSUING DATE.  PAYMENT IS AVAILABLE ON THE BENEFICIARY'S FIRST WRITTEN DEMAND VIA BANK WIRE TRANSFER UPON THE SUCCESSFUL COMPLETION OF THE TRANSACTION  AS CONTAINED IN TRANSACTION CODE NO:XXXXXXX WE ALSO CONFIRM THAT PARTIAL DRAWINGS AND MULTIPLE PRESENTATIONS ARE ACCEPTABLE.   WE, ENGAGE WITH YOU THAT THE DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS IRREVOCABLE, CONDITIONAL BANK PAYMENT ORDER SHALL BE DULY HONORED ON THE PRESENTATION TO US.   THIS IRREVOCABLE, CONDITIONAL BANK PAYMENT ORDER IS SUBJECT TO UNIFORM CUSTOM AND PRACTICE FOR DOCUMENTARY CREDIT (1993 EDITION) I.C.C. PUBLICATION NUMBER 500.   THIS BANK PAYMENT GUARANTEE IS CASH-BACK AND IT SHALL EXPIRE ON:….   FOR AND ON BEHALF OF …………………(FULL NAME AND ADDRESS OF ISSUING BANK)   END OF TRANSMISSION: BANK OFFICER (1)                                                          BANK OFFICER (2)

NAME:                                                                                 NAME:

TITLE:                                                                                 TITLE:

 

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