Irrevocable Fee Protection Agreement

Topics: Payment, Contract, Finance Pages: 2 (414 words) Published: August 17, 2010
IRREVOCABLE FEE PROTECTION AGREEMENT

Reference :
Number:……(number of letter)……
Initial Participation:….(value of fund)…./ (…%)
Intermediaries Fee:…..(value of percentage above)….
Client Company:…..(name of user’s company)….
Client Name:…..(name of user)…
Reference Code:……..
Agreement Date:……..

Recital :

Whereas …..(intermediary’s name)….,KTP number….., as agent for Mr….(name of user) the participant and beneficiary of the above of the reference contract has negotiated a percentage participation in they yield of the above transaction of ….percent (…%) of the yield to be paid to…..…..(intermediary’s name)….from the said transaction.

The percentage is to be paid to….(intermediary’s name)…., the coordinate of which will be attached hereof and is already include in the contract reference, above. The payment to ….…..(intermediary’s name)…is made as paymaster and allows for the payment of fees to others as well as this payment of …….percent (…%)

.... …..(intermediary’s name)….shall receive payment less statutory bank fee for transfer as paymaster for the Indonesian Intermediaries and shall ensure no further or other claims for fee shall be made by any of the intermediaries on the yield Mr…..(name of user)….

This agreement is subject to :
1. Proper and acceptable verification of the US$.....(value of fund)….bank instrument issued by Mandiri State/Prime Bank. 2. Proper transfer and assignment of the above instrument to the nominated bank 3. Performance under the above contract by ….(name of funder)…. 4. Provision of suitable and acceptable bank coordinates for receipt of the funds by….…..(intermediary’s name)….

Be advised also that the yield from the proposed transaction will not be available until the expiration of two Calendar Weeks from the receipt of the bank transferred instrument to ….(name of funder)…., and therefore payments will be subject to normal bank processed after that time.

Where possible, proof of...
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