Professional Documents
Culture Documents
This PRIVATE BUY – SELL BITCOIN AGREEMENT (“Agreement”) is made and entered into this
date September 21, 2018 by and between:
SELLER:
xxxxxxxxxx represented by xxxxxxxx USA Passport No. xxxxxxx Expiry Date: xxxxxxx and Address:
xxxxxxxx including his, her, or its affiliates and subsidiaries (“Seller”)
– AND –
BUYER:
Bank Dominion & Trust Company LTD, represented by DARNELL FUQUA, Senior Vice President,
USA Passport No. 437180926 Expiry: 11 September 2018, Address: 152 City Road London, UK, EC1V
2NX including his, her, or its affiliates and subsidiaries (“Buyer”)
(Collectively, “Parties”).
BUSINESS PURPOSE: The Parties wish to memorialize the material terms for the sale and purchase
of Bitcoin.
“Table Top Meeting” means a meeting face to face, in person, between the
Seller of Bitcoin and a Buyer of Bitcoin.
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 1
TERMS OF SALE:
Amount: Fifty Thousand (120,000) Bitcoin with possible rolls and
extensions.
Price: Market Value at time and date of closing based on
www.blockchain.info, time stamp on delivery
Discount: Minus SIX Percent (-5.0%) below Market Value. Minus 3%
Net to Buyer.
Initial Tranche: Shall discuss by the Parties in the meeting.
Daily Tranche: Shall discuss by the Parties in the meeting.
Closing Date: Will be discussed and arrange between the Parties.
Currency: United States Dollar
Rolls & Extensions: The terms of this Agreement will survive the
completion of this Agreement and will carry onto
future transaction(s) between the Parties for a period of
two (2) calendar years from the Closing Date. Under
the same transaction code and with governs all
documentation for protection fees.
BITCOIN EXCHANGE/TRADE:
Buyer and Seller will fix time and date for the Table Top Meeting in New York office, No. 7 Day
Street, New York NY. 1007, after the agreement is signed to purchase Bitcoins under this Agreement.
The Buyer will not change to other trade arrangement; the Table Top Meeting at the offices in New
York is final;
“TABLE TOP MEETING” – the Buyer has established that in order to minimize Risk for the Parties, the
SELLER not Representative or Mandate, but the owner who will load and press the send button should be
at the meeting and the BUYER not a representative will meet with SELLER. The transaction will be
supervise by credible officials and arbitration agents for a smooth flow and fruitful trade.
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 2
vii. At the meeting; The Parties will declare the real-time Spot Exchange
Price of Bitcoin pursuant to www.blockchain.info, and the Parties must
confirm the price within thirty (30) seconds before purchase and Sale of
Bitcoins.
EXCHANGE BITCOINS FOR MONIES:
viii. Once the Seller and the Buyer agree to the Purchase/Sale price,
ix. Seller will Log into his Bitcoin Wallet and show his Bitcoin Balance to
Buyer.
x. Buyer will Login to his bank account and show his monies to purchase
the Bitcoins.
xi. Seller will load Bitcoins into Buyers wallet then press send first tranche
of Bitcoins into Buyer Wallet.
xii. Seller will show Buyer that the Bitcoins were sent to Buyers wallet.
xiii. Buyer will then wait for the first tranche of Bitcoins to show into his
wallet;
xiv. Once Buyer confirms receipt of Bitcoins into his wallet, the Buyer will
show the Seller it was received.
xv. Buyer will load and transfer the Monies and wire transfer to Seller bank
coordinates.
xvi. Once Seller check his bank account and see the monies for the sale of
Bitcoins arrived in his account, Seller will show the Buyer that he
received the payment. (IF THE WIRE TRANSFER ARE SENT TO A
BANK IN EUROPE, THEN SELLER WILL HAVE TO WAIT TWENTY
FOUR HOURS (24) FOR MONIES TO SHOW UP INTO HIS
ACCOUNT)
xvii. The Parties will not end the meeting until the Buyer has the Bitcoins into
his wallet and the Seller has the Monies into his bank account. In the case
of monies sent to a bank in Europe, then the meeting will be postponed
until the following day and the Parties will meet again to confirm that the
money is in the Seller bank account.
xviii. Intermediaries will be paid thereafter to their designated Paymaster.
xix. The Parties will agree to do another tranche and will set the day and time
at this meeting.
xx. This same agreement number BTC2018/DOM1/0906/JA-018 will be
used for the other tranche.
38RzPp8M4ZzERCgjjmYeo6R89oz4iKKjt5
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 3
BANK NAME: CITIBANK NA.
BANK ADDRESS: 1585 BROADWAY, NEW YORK
NY. 10036
SWIFT CODE: CITIUS33
ABA ROUTING:
021000089
ACCOUNT NAME:
MORGAN STANLEY
FURTHER CREDIT TO:
011-032161-549-VEPNATH-1
This is the bank account where the monies are deposited to pay for the Bitcoins at the moment of the trade
and other tranches this account will be used to hold the monies for the purchasing of the entire batch of
Bitcoins the Seller has. If for any reason the Buyer need to change the bank account Buyer will notify the
Seller in writing that the paying bank has been change and will provide the new banking coordinates to the
Seller.
SELLER e-Wallet where the Seller has the Bitcoins that is for sale. This e-Wallet could contain Bitcoins
for the first tranche only.
BANK NAME:
BANK ADDRESS:
SWIFT CODE:
ABA ROUTING:
ACCOUNT NAME:
ADDRESS:
This is the SELLER bank account where the BUYER Bank Officer will send payment by immediate wire
transfer for purchasing the Bitcoins. From the SELLER.
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 4
5.0 COMMISSIONS/FEES:
Bank Dominion & Trust Company, as BITCOIN BUYER, represented by its Authorized Signatory,
Darnell Fuqua, holder of USA Passport Number: 437180926, do hereby irrevocably guarantee with full
personal and corporate responsibility and authority, under penalty of applicable perjury laws, agree to
authorize the Escrow Agent to act as payer to pay this irrevocable master fee protection agreement with an
irrevocable corporate payment order which is an integral part of above coded agreement in the total
amount of TWO PERCENT (2.0%) of the total face value of each transaction.
Total of Two percent of total face value (2.0%) commission fees shall be paid into the below bank
account/s for distribution to the intermediaries and which shall include all rolls and extensions.
Bank Dominion & Trust Company as BITCOIN BUYER, represented by Darnell Fuqua, Authorized
Signatory, holder of USA Passport Number: 437180926, The undersigned, acting with full responsibility,
hereby irrevocably and unconditionally, without protest or notification, without prejudice, recourse, or
delay hereby authorizes and guarantees to pay the fees entitled to the beneficiaries listed on this document
and as shown in (IMFPA), via Wire transfer, at the time of settlement of each and every tranche of the
transaction. This Fee Agreement is our irrevocable pay order to the intermediaries and is and shall remain
an intricate part of the contract No. BTC2018/DOM1/0912/SEB-018.
Bank Dominion & Trust Company, as BITCOIN BUYER, represented by Darnell Fuqua, Authorized
Signatory, holder of USA Passport Number: 437180926, acting with full responsibility, hereby irrevocably
and unconditionally, without protest or notification, without prejudice, recourse, or delay guarantee to
transfer the amount equivalent to intermediaries Paymaster One Percent (1.0%) of total trade value to the
SELLER intermediaries, and One Percent (1.0%) of total trade value to BUYER intermediaries, of the
total amount of each tranche agreed with Rolls & Extensions to the bank account or accounts designated
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 5
by beneficiary, as mentioned in this Agreement. This pay order shall remain in effect until this transaction,
including any renewals, extensions and additions are fully completed.
NAME:
NATIONALITY:
ADDRESS:
TELEPHONE:
CELL:
EMAIL:
BANK NAME:
ADDRESS:
SWIFT CODE:
ABA ROUTING:
ACCOUNT NAME:
1-
NAME OF SELLER SIDE 2-
INTERMEDIARIES
3-
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 6
TERMINATION OF If Seller fails to show proof of bitcoins at the meeting or fails to send the
AGREEMENT: bitcoins to Buyer wallet, then this Agreement is automatically null and void.
Seller and Buyer will have one more opportunity to amend and correct the
purchase and sale of Bitcoins under this agreement. If failure continues for 2
banking day it will be considered as Non-performance unless a credible and
legitimate excuse is shown.
NON-PERFORMANCE: Each Party acknowledges and agrees that if a Party defaults (e.g., failure to
send Bitcoin or failure to deposit monies), the defaulting Party will be liable
for three percent (3.00%) of the total contract value.
SELLER’S
REPRESENTATIONS: Seller represents and warrants to Buyer that:
• Seller has the minimum number of Bitcoin to transact;
• Seller acquired Bitcoin through non-criminal transactions and with non-
criminal monies;
• Seller has all requisite authority to enter into this Agreement and
undertake this transaction;
• Seller does not need permission from any third parties or government
agencies to enter into this Agreement and undertake this transaction;
and
• There is no pending litigation, known or unknown, against Seller as of
the date first set forth above.
BUYER’S
REPRESENTATIONS: Buyer represents and warrants to Seller that:
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 7
included to cover fees of any kind to any unknown party to this
Agreement, with exception of costs incurred under the terms of this
Agreement and the intermediary fees.
GOVERNING LAW;
VENUE: This Agreement will be construed in accordance with and governed by the
laws of the State of New York without giving effect to the principles of
conflicts of law thereof. Any proceedings, claims, actions, or litigation arising
from this Agreement will be brought in the State or Federal courts in New
York, State of New York. The Parties, including intermediaries, agree to
initially mediate this matter for sixty (60) calendar days and then arbitrate for
thirty (30) calendar days if mediation fails.
ATTORNEYS’ FEES: In the event of any proceeding, claim, litigation, arbitration, or mediation
arising out of or related to this Agreement, the prevailing Party will be
entitled to recover from the losing Party all of its costs and expenses
incurred in connection with such proceeding, claim, litigation, arbitration, or
mediation, including court costs and reasonable attorneys' fees, whether or
not prosecuted to judgment.
ENTIRE AGREEMENT;
AMENDMENT: This Agreement, including the Exhibits and Addendums to this Agreement,
the documents referred to herein, and the other certificates, agreements, and
other instruments to be executed and delivered by the Parties in connection
with the transactions contemplated hereby, constitute all of the promises,
agreements, conditions, understandings, warranties and representations
between the Parties hereto with respect to the transactions contemplated
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 8
hereby and thereby, and supersede all prior agreements, arrangements and
understandings between the Parties hereto, whether written, oral or
otherwise.
COUNTERPARTS: This Agreement may be executed in one or more counterparts, each of which
will for all purposes be deemed to be an original and all of which will
constitute the same Agreement. To be validly executed, this Agreement may
be signed in counterparts by each of the Parties, and then scanned; PDF, and
transmitted via email or facsimile to the other Parties.
SEVERABILITY: Should any clause, sentence, paragraph, subsection, Section or Article of this
Agreement be judicially declared to be invalid, unenforceable or void, such
decision will not have the effect of invalidating or voiding the remainder of
this Agreement, and the parties hereto agree that the part or parts of this
Agreement so held to be invalid, unenforceable or void will be deemed to
have been stricken and effectiveness as if such stricken part or parts had
never been included herein.
SUCCESSORS AND
ASSIGNS: The terms, conditions, and obligations of this Agreement will inure to the
benefit of and be binding upon the Parties hereto and the respective
successors and permitted assigns thereof. Without the prior written consent
of the other Party, neither Party hereto may assign or transfer all or any
portion of its rights, duties and obligations hereunder and any attempt to do
so without such consent will be null and void; provided, however, that no
assigns by either of the Parties hereto of any of its rights, interests or
obligations hereunder will relieve such Party of its obligations under this
Agreement. Notwithstanding anything stated herein, each Party may assign
his, her, or its rights and/or interests to a related, affiliated, or subsidiary
entity without permission but with prior notice.
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 9
The Parties acknowledge and agree to the terms, representations, and conditions stated herein.
“SELLER” “BUYER”
____________________________ ________________________________
Name: Name: Darnell Fuqua
Title: Title: Sr. Vice President
Date: Date: September 12, 2018
“BTC2018/DOM1/0912/SEB-019”
PAGE 1 0F 10