ESCROW AGREEMENT

SWIFT MT103 TRANSFER

This Escrow Agreement is made on (DATE) by and between XXX(as Investor), XXX (as Partner) and XXX (as Escrow
Attorney), subject to Joint Venture Agreement on Financial Investment with Agreement No. (xxxxxxxxxxxxxx)
XXX, Date (DATE). The investment will be conducted in means of transferring funds or instruments by any of the
agreed mode in table 1.

MODES OF FUND TRANSFER PICK ONE

1. MT103 CASH WIRE TRANSFER x
2. CASH TRANSFER
3. MT103 GPI CASH TRANSFER
4. GPI DIRECT TRANSFER
5. GPI SEMI AUTO
6. MANUAL (SUCH AS IPIP. DTC, STP, FTP, ETC)
7. INSTRUMENTS (SBLC, MTN ETC)
Table 1

The sum of €120,000 EUROS (ONE HUNDREDAND TWENTY THOUSAND EUROS) pending the following provisions
listed in this Agreement shall be held in a non-interest-bearing Escrow (herein collectively called the Escrow Deposit), by
Escrow Agent in trust, and the held funds will only be disbursed in accordance with the following provisions:

1. Upon receipt of (STATE THE AMOUNT) the investment funds via (STATE THE MODE SELECTED IN TABLE 1),
from Partner Bank Account to Investor’s bank account. , Escrow Agent may release the Escrow Deposits to the
investor. Otherwise, the provisions set forth below shall be followed.
a. The investor must proof that the transaction took place from his account to that of the partner as agreed
in this agreement and in the joint venture agreement ref: XXX
b. The investor must Present original transmitted Swift Copies and all other documents to the Escrow
Attorney and the partner, confirming that transaction (s) took place and that funds were sent from his
(investor) Bank as per the signed Agreement ref: XXX
c. The slips and all other related documents must have the exact amount as agreed in the signed Agreement
No. XXX
d. The slips must consist SWIFT MT103 cash Transfer as agreed in the signed agreement No.: XXX
e. The Escrow agent must discuss with both parties on any action.
2. In the event that the agreed financial investment via mt103 cash transfer is not received by the partner and or
proved by the investor within 4 days of the date of this agreement, Escrow Agent will not distribute and/or
release the Escrow Deposits to the investor. Escrow Attorney within 24 hours WILL/MUST return the same sum
of €120,000 (One Hundred and twenty Thousand Euros) to (NAME OF THE INVESTOR)
3. The investment funds shall be transferred to the following Banking Details in table 2 as agreed in the main
contract ref; XXX.
BANK NAME:
BANK ADDRESS:
ACCOUNT NAME:
ROUTING/IBAN CODE:
ACCOUNT NO:
BIC/ SWIFT CODE:
Table 2

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 4. All instructions to the Escrow Agent shall be given in writing. If said instructions have been signed by both
investor and partner, then the Escrow Agent shall carry out said instructions immediately after DD. If the
instructions have been signed by only investor or partner, then the Escrow Agent shall immediately send a copy of
said instructions to the other party. If the other party has not delivered to the Escrow Agent written objections to
the proposed action set forth in said instructions within 5 days of receipt of said instructions, then the Escrow
Agent shall act in accordance with said instructions. If the Escrow Agent receives an objection to its acting in
accordance with said instructions within the ten (5) day period, then it shall not proceed until it receives
instructions signed by both parties, or until directed by a Court of competent jurisdiction.
5. The parties hereby agree to indemnify and hold harmless the Escrow Attorney from and against any loss, cost or
damage incurred by it, including, without limitation, reasonable attorneys’ fees in connection with this
Agreement, or arising from its duties as Escrow Attorney. The Escrow Attorney may, in its sole discretion in the
event of a dispute, choose to obtain an opinion of counsel about its duties hereunder, and the parties agree to pay
reasonable attorney’s fees incurred in connection therewith.
a. The parties agree to indemnify and save harmless the Escrow Attorney from the consequences of the
unavailability of the escrow funds on any given date due to circumstances beyond the control of Escrow
Attorney, or from any penalty which may be imposed by the bank or depository institution for early
withdrawal, or arising from the failure of or insolvency of the depository institution, or from the
dishonor of the check representing the escrow fund, or any and all losses in the Escrow Deposit - sum of
€120,000 or interest therein arising out of the investments made by the Escrow Attorney in accordance
with the instruction of the parties.
b. The Investor agrees to pay the fee mentioned above for the provision of services under the terms of this
Agreement.
c. This fee shall be paid by the receiver. (as partner).
6. All notices and communication under this Agreement shall be sent to the parties at the following address, and/or
via official email address:
a. Investor – (NAME)
Address: (ADDRESS)
Email/contact

b. Partner (NAME
Address- (ADDRESS)
Email/contact

c. Escrow Attorney – (NAME)

Address: (ADDRESS)
Email/contact
7. The undersigned agrees to act as Escrow Agent, subject to the conditions set on the Agreement: dated ssmm 2023
and also set forth herewith above.
a. For and On behalf of Investor:
COMPANY NAME
REPRESENTED BY
PASSOORT NUMBER
ISSUE DATE
EXPIRY DATE
SIGNATURE/SEAL

DATE

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 b. For and On behalf of Partner:
COMPANY NAME
REPRESENTED BY
PASSOORT NUMBER
ISSUE DATE
EXPIRY DATE
SIGNATURE/SEAL

DATE

C. For and On behalf of Escrow

COMPANY NAME
REPRESENTED BY
PASSOORT NUMBER
ISSUE DATE
EXPIRY DATE
SIGNATURE/SEAL

DATE
PASSPORT/ID PHOTO

8. REGARDING EUROS €120,000 RECEIVING FULL BANKING DETAILS ALONG WITH ID REGISTRATION: BELOW;
ESCROW ACCOUNT.
Bank Name

Bank Address

Account Name

Account Address

Account Number

SWIFT Code

ABA Routing Number

Bank Officer

I (NAME OF ESCROW REP)”, on behalf of (NAME OF ESCROW TRUST), confirm that nothing contained herein shall
be construed as a waiver or modification of any requirement or exception. All the terms in this agreement and as
mentioned on the joint venture agreement ref: XXX, in connection with this transaction will be complied with.

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In accordance with Articles 7 through 5 of the Due Diligence Convention and the Federal Banking Commission on Circular of December 1998. and
under the US Patriot Act of 2002, as amended In February 2005 concerning the event of money laundering and 305 of The Swiss Criminal Code, the
following information may be supplied to banks and /or other financial institutions purpose before verification of identity and activities of the Client
described below, and the nature and origin of the funds which are to be utilized. The foregoing Is subject to agreement by all parties to whom this
Information Is provided that they are obligated to respect the privacy rights of the Client and all
Individuals described herein, as well as the generally accepted professional standards relating to the maintenance of confidential information, and
to take all appropriate precautions to protect the confidentiality of the Information contained herein, this legal obligation shall remain in full force
indefinitely without restriction.

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