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This ESCROW SERVICES AGREEMENT (the 11 Agreement") is entered into this 30nd
day of May, 2014 by and between:
And
Number:AAB818933 with current residential address at: Avenue Monroe 3624 -Flat 2,
I
WITNESSETH:
WHEREAS, Fossberg is a duly organized and existing under the laws of Canada with
full power and authority to carry out any business activity not prohibited by Canadian
law; and BENITO FEELIX LUCENA, Consultant Business Individual
Page 1 of8
Escrow Services Agreement
WHEREAS, the Client BENITO FELIX LUCENA has substantial net profits arising
from one or more lawful business activities organized in one or more major money
center banks in western Europe; and
WHEREAS, the Client desires to retain Fossberg to act as its escrow agent in receiving,
depositing, managing and releasing the net profits derived from one or more business
transactions.
1. Use of Fossberg Attorney Bank Account. The Fossberg bank account, described
further in Exhibit A attached hereto and made part of this Escrow Agreement, will be
used as the initial deposit account for the wiring of several tranches of United States
Dollars or European Union Euros which monies would be electronically wired via
SWIFT from one or more major money center banking institutions.
2. Pre-advice. The Client shall use its best efforts to provide Fossberg with a pre-advice
copy of the incoming wire a minimum of one banking day prior to the receipt of the
incoming funds.
3. Possible Opening of Account for Client. Fossberg represents to Client that he will
use his best efforts to assist the Client to open a sub-account in its name for his/her own
purposes. The success of such an endeavor, of course, is dependent upon Fossberg's
ability to receive a color copy of the principal's passport, a history of funds report,
confidential client information statement, and other relevant and reasonable
information required by the Bank and the Bank's acceptance of such documentation.
The parties further acknowledge that other factors that may not be within the control of
Fossberg will also affect the likelihood of success in opening of a sub-account for the
Client.
4. Escrow Fees. In exchange for the timely and professional delivery of escrow
services, Fossberg will charge an escrow fee of 3(three) per cent annual (3%) of the total
amount of fees placed into Fossberg's escrow account. Said fees will be deemed earned
when they are deposited. However, the disbursement of the monies received pursuant
to the Client's written instructions transmitted by Client or Client's designated agent
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Escrow Services Agreement
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5. Taxes. Fossberg will have no responsibility for reporting monies received pursuant
to this Escrow Agreement to any tax authority. Fossberg further represents to the
Client that neither Fossberg nor any of its employees or agents shall make any such
. report or filing. It is the sole responsibility of the Client and its tax advisor(s) to report
and pay income tax to all relevant tax authorities with respect to all monies received
and disbursed pursuant to this Agreement.
8. Assignment. Neither party without the prior written consent of the other may
assign its rights and duties under this Escrow Agreement.
9. Final Agreement, This Escrow Agreement terminates and supersedes all prior
understandings and agreements, whether written or oral, on the subject matter here-of.
Only a further writing that is duly executed by both parties may modify this Escrow
Agreement.
p'age30f8
Escrow Services Agreement
10. Waiver. No waiver or breach of any term or condition of this Escrow Agreement
shall operate as a waiver of any other breach of such term or condition nor shall any
failure to enforce any provisions hereunder operate as a waiver of such provision or any
other provision hereunder.
11. Hold Harmless and Indemnification. The parties agree that Fossberg
International, Inc., and Robert Alexander Fossberg, acting as Escrow Agent, shall in no
event be liable for the failure of any of the terms and conditions of this Agreement, nor
for any damage caused by Fossberg's reasonable exercise of discretion in any particular
matter, or for any other reason, except for Fossberg's gross negligence or willful
misconduct with respect to the performance of his duties that are specifically set forth in
this Escrow Agreement.
Moreover, Fossberg International, Inc., and Robert Alexander Fossberg, shall not be
responsible for detecting or reporting third party forgeries, impersonations, or fraud
with respect to communications from the Client., his/her agents, bankers, or advisors,
in dealing with the client's matters. It is further understood that the Escrow Agent is
acting ingood faith in carrying out duties that are purely ministerial in nature and that
the Escrow Agent shall incur no liability whatsoever except for gross negligence or
willful misconduct.
14. Instructions. The parties acknowledge the following instructions to the Escrow
Agent:
To accept wire transfer of funds into the Fossberg sub-account set forth in Exhibit A
attached hereto and made a part of this Agreement. Upon confirmation of receipt of
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Escrow Services Agreement
each deposit of the escrow funds into said Fossberg sub-account, the Escrow Agent will
promptly notify the Client of such receipt by electronic mail or facsimile and will then
immediately disburse these funds in accordance to the written instructions signed by
the Client and delivered to Fossberg International, Inc.
IN WITNESS WEREOF, the parties hereto have caused this Escrow Agreement to be
executed by their respective duly authorized representatives on the day and year first
written above.
ESCROW AGENT
CORPORATE SEAL:
@~'--\
Name: Robert Alexander Fossberg
Title: President & Chief Executive Officer
Passport No.: GI258084
Date of Issue: 09 MAY 2014
Date of Expiry: 09 MAY 2024
Country of Issuance: Canada
NOTAroALACKNO~EDGMENT
ESCROW SERVICES AGREEMENT
D OFFICIAL EAL.
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Es row Services Agreement
/ CLIENT
NOTAroALACKNO~EDGMENT
ESCROW SERVICES AGREEMENT
On May 20, 2014, before me, CARLOS ANTONIO GARCIA TOLEDO, Enrollment
3434, Registration: 1196,City of Buenos Aires, Argentina, a notary public,
personally appeared BENITO FELIX LUCENA, who proved to me on the basis of
satisfactory evidence to be the person whose name is subscribed to the within
instrument and acknowledged to me that he executed the same in his authorized
capacity, and that by his signature on the instrument the person, or the entity upon
behalf of which the person acted, executed the instrument.
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Escrow Services Agreement
-,
Signature: _ (Seal)
EXHIBIT A
, Page 7 of8
Escrow Services Agreement
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