TRANSACTION Code: 

USD-P ’S Code:

EUR-P’S Code:

Memorandum of Understanding (MOU)

EURO vs. USD $ Transaction – Cash to Cash

                             

Date:    15.May,.2014

I,   Mr. ………………………  holder OF PASSPORT No. F 1223866 CH as Euro Mandate, in name and on behalf of the Euro Provider,  hereby confirm with full authority and responsibility under penalty of perjury, that we are ready, willing and able to exchange our good, clean, clear and free of non-criminal origin Euro currency against good, clean, cleared and of non-criminal origin US$ currency. Our Euro is ready and available to be paid against US$ of the same quality, as per the following conditions and procedures..

Summarized description of the transaction:

Euro Provider’s Currency	EURO funds, clean, clear, and non-criminal origin, free of any liens and encumbrances.
US$ Provider’s Currency	US$ funds clean, clear, and non-criminal origin, free of any liens and encumbrances.
Amount	………………………….. USD (…………………… USD) with possible Roll and Extension on.
Exchange method	Cash to Cash
Exchange Place	Lugano ( EUR`s bank )
Exchange Rate	Daily London Official Morning Fixing
First Tranche	First ten million USD, further tranches ……………………….          ( TBA between Providers )
Subsequent Tranches	TBA
Discount	US$ discounted 15% Gross, 10% Net to Euro Provider
Commissions	2.50 % US$ side paid by Euro Provider 2.50 % Euro side paid by Euro Provider split as follow:

TTM - TIME AND DATE:

Date:    May,2014

Time :    ……….

1.       Place:    Lugano ,

Names of the people at TTM:

US$-Side:     Mr………………………………… HOLDER OF PASSPORT NO. ………………….

PHONE : 

………………………………………………………………………………………………………………………

EURO-Side: Mr. ……………………………………

Phone  : .................................................

               

                                                                                                                                                                                                                                                        

                                                                                                                                                                                                 

TRANSACTION PROCEDURE:

1.    In TTM, scheduled as per heretofore, US$ Provider and Euro Provider/ Mandate will agree: total exchange volume, tranche size and tranche schedule.

2.    After the TTM the EURO P/M will be accompanied by the USD`s P/M  in the EURO`s bank, with the amount of first tranche of ten million dollar  to counting and verification the USD, after which, immediately the USD P/M will counting and verification  the EUROs, with the same procedures.

3.    The transaction can take place directly after the TTM  with the first tranche  of ten million dollar

4.      Subsequent tranches will continue, as per schedule, until all funds are exhausted.

5.      Immediately upon each exchange transaction, consultancy fees will be pay to Paymasters (and from Paymasters to Beneficiaries & Facilitators), as per instructions in IMFPA hereinafter.

6.      BOTH MANDATES/PROVIDERS  GUARANTEE TO PARTICIPATE AT THE MEETING

NON-CIRCUMVENTION/NON-DISCLUSURE:

The parties hereby undertake to honor the terms of the standard Non-Circumvention/Non-Disclosure Agreement in the ICC 500/600. Each party nominated and designated into this “Memorandum of Understanding” and IMFPA hereby agrees not to circumvent or attempt to circumvent any other party to this or any future transaction for a period of five (5) years from the date of this Memorandum.

IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

                                                                   10 MILLION  USD with roll and extrnsion

                                        OFFICIAL   BONUS FOR  EXCHANGE CASH  TO CASH  IS 15/10  IN FAVOUR OF THE

.                                       EURO PROVIDER

QUANTITY IS: 500.000.000,00 € (500 M Euros) with R&E

CONSULTING FEE STRUCTURE:

BONUS FEES PAID BY THE EURO PROVIDER:

I, Mr. ……………………….. HOLDER OF THE PASSPORT No. F 1223866 CH IN THE NAME AND ON BEHALF OF THE EURO, HEREBY CONFIRM WITH FULL AUTHORITY AND RESPONSIBILITY UNDER PENALTY OF PERJURY FROM INTERNATIONAL LAWS, TO THE PAYMASTER OF THIS TRANSACTION, HEREBY AGREE AND UNDERTAKE TO MAKE PAYMENT IMMEDIATELY, AND WITHOUT PROTEST ALL FEE PAYMENTS TO THE BENEFICIARIES LISTED HEREIN, THEIR CONSULTING FEE BE PAID IN EURO OR DOLLARS, AS CASH, AFTER EACH TRANSACTION OF THE VERIFIED TRANCHE TO THE PAYMASTERS DESIGNATED HEREIN.

THIS AGREEMENT ALSO REFERS TO ANY RENEWALS, ROLLS AND EXTENSIONS WITHOUT PROTEST, DELAY, OR COSTS, BY PAYMENT IN EURO, AS INSTRUCTED BY EACH OF THE PARTIES.

Ÿ  THE FEES (OF THIS DOLLAR CONVERSION) ARE AN IRREVOCABLE PART OF THIS AGREEMENT AND WILL BE PAID BY THE EUR  PROVIDER (BUYER ) AFTER EACH AND EVERY TRANCHE.

Ÿ  EACH PARTY IN THIS “MOU/IMFPA AGREEMENT” HEREBY AGREES NOT TO DISCLOUSE AND NOT TO CIRCUMVENT ANY OTHER PARTY TO THIS OR ANY FUTURE TRANSACTION FOR A PERIOD OF FIVE (5) YEARS FROM THE DATE OF THIS MOU/IMFPA UNDER THE TERMS OF THE STANDARD NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCND&WA)  OF THE ICC 500/600 PARIS-FRANCE.

Ÿ  THIS MOU, THE IMFPA AND THE NCND&WA BIND ALL PARTIES, THEIR AGENTS AND AFFILIATES, AND /OR ASSIGNEES.

Ÿ  A FULLY EXECUTED E-MAIL TRANSMISSION OR FACSIMILE COPY SUPPLIED SIGNED WILL BE CONSIDERED LEGALLY BINDING AS AN ORIGINAL.

FOR THE  TOTAL  TRANCHES EURO Cash to Cash USD  EXCHANGE MODE OF THIS AGREEMENT CONTRACT, THE COMMISSION FEES DUE ARE TO BE SPLIT AS FOLLOWS:

COMMISSION STRUCTURE:

TOTAL COMMISSIONS:  5% PAID  BY  THE   EURO   PROVIDER, SPLIT AS FOLLOWS:

                       

       TO BE DISTRIBUTED AS PER THE CONTRACT SIGNED BY THE TWO PROVIDER EUR AND USD.

   5% of the total contract value paid as commission to EURO and USD side :

    A.1)PROVIDER/ MANDATE Euro , CONSULTANT                                                                     1.25%

                                                                                                          

    A.2) PAYMASTER EURO/ & intermediaries                                                                            1.25%

    B.  PROVIDER USD                                                                                                                  2,50%

                                                                                                                                           

                                                                                                                              FINAL    TOTAL     5.00%

LIST OF THE BENEFICIARIES OF EURO PROVIDER SIDE

A.)  EURO SIDE:  1.25 %  of total contract  value.

A.1) EURO SIDE:  MANDATE  :  1.25% CLOSED

CONSULTING FEES DUE: 1.25% of the Total Face Value of the Contract, including, but not limited to, all Rolls/Rollovers, all Extensions, all Add-ons/Additions, all Renewals, all Parallel Contracts and/or Agreements, all Cancellations and Re-issues and all Third Parties transfers whatsoever (“Euro Provider & USD Provider” or any other Principals and/or currency providers whosoever).

FEE DUE:	1,25% of total contract value
Paymaster’s Name:	TBA
Passport No.:
Bank Name:
Representative:	EURO  MANDATE
Telephone / Mail:
Bank Address:
Account Name:
Account Number:
Iban Code:
SWIFT Code:
Bank Officer:
Bank Telephone:	tba
Beneficaries	Euro Mandate & Euro Representative

B.1)  USD GROUP 2,50% To be distributed total 2.5%  of  total Contract value

(Two point five percent) of the each transaction value  

PAYASTER/ INTERARDIARIES

FEE DUE:	2.50% of Total Contract Value
Paymaster’s Name:
Passport No.:
Bank Name:
Bank Address:
Account Name:
Account Number:
Iban Code:
SWIFT Code:
Bank Officer:
Bank Telephone:
Beneficaries
Annotation	E-Mail a notification immediately upon each tranche / transfer  payment together with the transaction code(s): E-Mail:

 A.2) PAYMASTER EURO/ & intermediaries: 1.25 % (One point Two five percent)of  total Contract  value

FIRST GROUP:   BONUS  0.85% of total Contract value   CLOSED

FEE DUE:	0.85% of Total Contract Value
Paymaster’s Name:	GROUP’s
Passport No.: Date of issue: Date of expiry:
Bank Name:
Representative:
Telephone / mail:
Bank Address:
Account Name:
Account Number:
Iban Code:
SWIFT Code:
Bank Officer:
Bank Telephone:
Beneficaries: Passport No: Date of issue: Date of expiry:
Annotation	E-Mail a notification immediately upon each tranche / transfer  payment together with the transaction code(s): E-Mail:

SECOND  GROUP:  BONUS  0.40%,of total Contract value

FEE DUE:	0.40% of Total Contract Value
Paymaster’s Name:
Passport No.: Date of issue: Date of expiry:
Bank Name:
Representative:
Telephone / mail:
Bank Address:
Account Name:
Account Number:
Iban Code:
SWIFT Code:
Bank Officer:
Bank Telephone:
Beneficaries: Passport No: Date of issue: Date of expiry:
Annotation	E-Mail a notification immediately upon each tranche / transfer  payment together with the transaction code(s): E-Mail:

Any addendum must be agreed and endorsed by both parties.

This Memorandum of Understanding & IMFPA binds all parties, their agents, assigns and/or affiliates.

A fully executed E-mail transmission or facsimile copy supplied will be considered legally binding as an original

Signature:

Euro Representative:

Passport.                  :

Date of issue             :

Date of Expiry    :

Signature: 

US$ Mandate: Mr. …………………….

Passport No.: ……………………………

# Electronic signature is valid and accepted as manuscript signature #

EDT (Electronic document transmissions)

EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this Contract.  As applicable, this agreement shall:

1-          Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in Global and National Commerce Act’’ or such other applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001) and

2-         Incorporate ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). 

3-         As it’s EDT documents 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.

# Electronic signature is valid and accepted as hand signature #

END OF DOCUMENT