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ICTS Fin International NV Via 34 A. Moro 88021 Lamezia Terme. Roma - Italy Tel: 3510292742 / 380 230 1560 Fax: 0968 22769 E-MAIL: icfinv@financier.com
INTERNATIONAL CHAMBER OF COMMERCE (I.C.C.NON CIRCUMVENTION, NON DISCLOSURE &WORKING AGREEMENT ON INTERNATIONAL BUSINESS TRANSACTION
WHEREAS, the Undersigned wish to enter into this Agreement to define certain parameters of the future legal obligations, are bound by a duty of Confidence with respect to their sources and contacts. This duty is in accordance with the International Chamber of Commerce Convention(I.C.C. 500). If I.C.C. 500 is found invalid or in existence, the duties will be in accordance with United States of America Federal Law. WHEREAS, the Undersigned desire to enter a working business relationship to the mutual and common benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners, and other associated organizations (hereinafter referred to as Affiliates). NOW THEREFORE in consideration of the mutual promises, assertions and covenants herein and other good and valuable considerations, the receipts of which is acknowledged hereby, the parties here to mutually and voluntarily agree as follows:-
TERMS AND CONDITIONS:-
01. The parties and/or their affiliates of whatsoever nature shall not, in any manner, solicit and/or accept any business from sources that have been made available by and through the parties hereto, nor in any manner shall access, solicit and/or conduct any transaction with such said sources, without any specific permission of the party who made such said sources available. The Parties shall maintain complete confidentiality regarding each other's business and I or their affiliates and shall only disclose knowledge pertaining to these specifically named Parties as permitted by the concerned party, unless agreed and granted an expressed written Permission of and by the Party whom made the source available.
02. The parties shall not in any way what so ever circumvent each other and I or attempt such circumvention of each other and I or any of the parties involved in any of the transactions the Parties wish to enter and to the best and proprietary information established are not altered.
03. The parties shall not disclose any contact revealed by either Party to any third Parties as they fully recognized such information and contact (s) of the respective Party, and shall not enter into direct and I or indirect offers, negotiations and I or transaction with such contacts revealed by the other Party who made the contact (s) available.
04. In the event of circumvention by any of the undersigned Parties, whether direct and I or indirect, the circumvented Party shall be entitled to a legal monetary compensation equal to the maximum service it should realize from such a transaction, plus any and all expenses, including any and all legal fees incurred in lieu of recovery of such compensation.
05. All considerations, benefits, bonuses, participation, fees, and/or export Profits commissions received as a result of the contributions of the Parties to this and distributed as mutually agreed between both the Parties concerned specific arrangements, for each transaction shall be made available and/or submitted to the recipient on the very day due and payable as per each and every transaction, unless otherwise agreed.
06. This agreement is valid for (6) years initially from the date of signature, for any and all transactions between the Parties therein. Renewal to be: 2) Agreed upon between the signatories; OR Six-years term automatically restarts with each transaction between the parties. It shall become effective immediately from the date of signing hereof by all parties.
PARTICIPANTS:
1). ICTS Fin International NV
2). Lowes
07. It is further agreed that any controversy, claims, and or dispute arising out and/or relating to any part of the whole of this agreement or breach thereof and which is not settled between the signatories themselves, shall be settled and binding by and through arbitration in accordance with the rules and through the institution of the International Chamber of Commerce. Any decision and/or award made by the arbitrators shall be final, conclusive and binding for the parties and enforceable law in the country of choice of an award by the arbitrators. In the event of dispute the English language shall prevail. If no agreement has been reached on country of Arbitration, the Arbitration shall be conducted in the Italy.
08. This Agreement shall be legally binding upon the Parties hereto their respective heirs, Administrators, partners, executors, their successors and assigns for: - a) The non circumvention damages, i.e. the total commissions, fees, or profits which would have been due, and; b) All loss sustained by the non defaulting party by reason of such breach, and; c) All expenses incurred in enforcing any legal remedy rights based upon or arising out of this Agreement.
9. Signature of this agreement shall be deemed to be an executed agreement enforceable and admissible for all purposes as may be necessary under the terms of this agreement. Signatures on this agreement received by the way of Facsimile, Mail and/or Email shall be deemed and executed contract.
10.Both signatories hereto acknowledge that they have read and each Party fully understands the terms and conditions contained in this Agreement and by their initial and signature hereby unconditionally agree to its terms as of the date noted herein.
11.The purpose of this instrument is to establish an internationally recognized Non Circumvention Non Disclosure, and working Agreement between the participating Parties. This and future transactions shall be conducted under the guidelines of the International Chamber of Commerce. This agreement may be signed in one or more counterparts and the Parties agree that facsimile email copies of this Agreement to be considered as a legal original and signatures thereon shall be legal and binding agreement.
ACCEPTED AND SIGNED WITHOUT CHANGE
FIRST PARTY
Signed on: Monday 20th Gugust 2018.
SIGNATORY'S FULL NAME: Avv. Leonardo Taylor
SIGNATORY'S DESIGNATIONS: Roma
NATIONALITY: Italian
PASSPORT NO: RM1954233
SECOND PARTY
LOAN TERMS AND REPAYMENT SCHEDULE:-
The loan repayment is based on a monthly basis which consists of the loan capital and interest rate together. Like it’s written, the loan duration period is for 6 years. So find the interest rate and payment schedule below:-
Loan Amount:---------------£350,000.00 Loan Interest Rate:----------3.50% Loan Term:-------------------6 years Monthly Loan Payment:--- £5,396.44 Number of Payments:------72 Cumulative Payments:-----£388,543.60 Total Interest Paid:---------£38,543.60
Furthermore be informed that in line with the rules governing this organization, you will be required to make payment on monthly Note: The monthly loan payment was calculated at 71 payments of £5,396.44 plus a final payment of £5,396.36.
Signed on: SIGNATORY'S FULL NAME: ADDRESS: SIGNATORY'S DESIGNATION: Note: NATIONALITY: PASSPORT NO.:
Please attached to us a copy of any of your personal identity card or passport for our review.
Best Regards. Avv. Leonardo Taylor Senior Project Finance In't Management.