Public offer to the conclusion of an agent contract for providing services relating to deposit opening and support in the banks of Russian Federation participating in deposit insurance system.

 

                                                                                                                       ____________________

“InvestRiskFree”Ltd., is a legal entity registered in accordance with the laws of the Russian Federation (Primary State Registration Number 5137746106152, Taxpayer Reference Number 7730696993) hereinafter referred to as Company, represented by the President of the Company Kozhevnikov Konstantin Gennadievich, acting in accordance with the Company Charter and the Federal Law of the Russian Federation On the Insurance of Household Deposits in Banks of the Russian Federation # 177-FZ dated 23.12.2003, hereinafter also referred to as Agent”, offers to any natural person, hereinafter referred to as «Principal,(collectively referred to as the "Parties", and individually as a "Party"), to accept this public offer (hereinafter – Agreement)

 

Terms and definitions

Public Offer is the present document published on the Company’s website at the following address: investriskfree.com. The Public Offer is addressed to natural persons as provided in the Terms and Conditions of this Agreement.

Offer Acceptance is a complete and irrevocable acceptance of the conditions of this Agreement by performing the actions outlined in Clause 1,1 of this Agreement.

Principal is the natural person who has accepted this Agreement and is thus willing to make use of services provided by the Agent according to the conditions and the procedure set out in this Agreement.

Agent is a person which acts in the name and at the expense of the Principal. “InvestRiskFree” Ltd., registered in accordance with the laws of the Russian Federation (Primary State Registration Number 5137746106152, Taxpayer Reference Number 7730696993), legal address 121248 Moscow, Kutuzovsky pr., 5/3, mailing address 119530 Moscow, Ochakovskoye Shosse,34  

Observing control is a set of measures and actions taken by the Agent and aimed at performing constant analysis and control of public access information of the bank in which the Principal’s deposit has been opened.

Agent’s employee is a natural person being in an employment relationship with the Agent on a labour contract basis or a natural person using his own labour and being in an employment relationship with the Agent on a general commercial contract basis according to the labour legislation of the Russian Federation.

Agent’s report is a written report containing the information on the actions taken and extra costs incurred, if any, in the framework of the implementation of this Agreement.

Service charge is a one-time payment of $49,00 paid by the Principal, which confirms the acceptance of the conditions of this Agreement to the conclusion of an agent contract for providing services relating to deposit opening and support in the banks of Russian Federation participating in deposit insurance system. The service charge covers: selection of a bank/banks participating in the system of compulsory deposit insurance; preparation, forwarding, reception and processing of the documentation needed for deposit opening; providing the Principal with necessary transfer details for funds transfer; supervision of funds inflow into the client’s deposit; keeping the client informed about fund transfer transactions.

Commission is a payment that equals an annual interest rate of 0,5% of the total amount deposited by the client irrespective of deposit term, prolongation and/or change, and which is monthly collected at the rate of 1/12 from the annual interest of 0,5%. The first payment is due one month after the deposit was opened. The Commission covers: Observing control over the bank in which the deposit has been opened; receiving statements and information on the opened deposits; closing client’s deposits; representing, if necessary, the client in the matters of insurance payout, including the application to an agent bank/Deposit Insurance Agency with the request to pay out the indemnity to an account opened in client’s name.

Deposit is funds in the currency of the Russian Federation or in a foreign currency deposited by natural persons or in their favour in the banks on the territory of the Russian Federation on the basis of a bank deposit contract or a bank account agreement, including the interest (accrued) to the deposit amount.

Bank is a legal entity, registered in accordance with the laws of the Russian Federation, which has a license for raising deposits of natural persons and for opening and managing banking accounts of natural persons, which is on the list of banks registered in the deposit insurance system of the Russian Federation that is formed in accordance with the Federal Law of the Russian Federation «On the Insurance of Household Deposits in Banks of the Russian Federation» # 177-FZ dated 23.12.2003

Deposit insurance system is a special state program executed in accordance with the Federal Law of the Russian Federation «On the Insurance of Household Deposits in Banks of the Russian Federation» and primarily aimed at protecting depositors’ savings deposited in the Russian banks on the territory of the Russian Federation.  

1. General Provisions

1.1. Acceptance of this public Agreement is made through Agent’s receiving a service charge that is to be paid to the account given in Clause 13. of this Agreement.

1.2. This document is a Public Agreement as defined in Clause 2. Art. 437 of the Civil Code of the Russian Federation, the Acceptance of the Offer is equal to conclusion of this Agreement on terms and conditions set forth in this Agreement.

2. Subject of Agreement

2.1. In accordance with the provisions of this Agreement the Agent is obliged to perform legal and other actions on behalf of and at the expense of the Principal. These actions are aimed at Principal’s using the services of opening term deposits in Russian banks participating in the mandatory deposit insurance system for deposits of households in banks of the Russian Federation and at providing subsequent support to the Principal during the deposit(-s) term, as well as services of supporting the Principal in case an insured event occurs and Principal's receiving the compensation in accordance with the Russian legislation.

2.2. All operations and other actions related to the subject matter of this Agreement are performed by the Agent with third parties exclusively on behalf and at the expense of the Principal. The Principal acquires all rights and obligations arising from such operations.

2.3. The list of the legal actions to be performed is provided in Clause 3 of this Agreement.

2.4. The Principal gives his consent to the Agent in accordance with the Federal Law № 152-FZ of 27.07.2006 "On personal data" for providing his personal data to third parties - banks which are the participants of the Deposit Insurance System in the Russian Federation that are entitled to use the personal data as consistent with the requirements of the Russian Federation legislation according to the Annex 1 to this Agreement. The Principal's Acceptance of this Agreement at the same time gives his consent to Agent's providing the Principal's personal data to third parties according to the Annex 1 to this Agreement.

3. Terms of Agent's Services

3.1. The Agent performs the following legal and other actions related to ensuring the provision of services to the Principal in the order and within the terms established by this Agreement.

3.1.1. selects three or more Russian banks that participate in the deposit insurance system for opening a deposit on behalf of the Principal, including by means of placing this information on the website www.investriskfree.com;

3.1.2. provides a comparative analysis of conditions for deposits in three or more banks that are participants of the deposit insurance system, including by means of placing this information on the website www.investriskfree.com;

3.1.3. presents current information on all key deposit features in the Banks proposed to the Principal, including by means of placing corresponding information on the website www.investriskfree.com;           

3.1.4. passes the following documents to the Principal after the Principal has paid the service charge as provided for in Clause 7.1 of this Agreement:

  • a power of attorney sample that entitles an Agent’s employee to:
  • conclude, annul and sign contracts for current bank account and time deposit account, apply, receive, sign applications, orders and contracts including additional agreements to them;
  • receive deposit statements and information;
  • arrange periodic transfer of interest income accrued on Principal’s deposit (in currency of Principal’s deposit) from the current account to Principal’s deposit account;
  • arrange transfer of sums from current account to Principal’s deposit account;
  • arrange for wire transfer after closing Principal’s deposit to an account held in Principal’s name with bank details provided by the Principal in the power of attorney for an Agent’s employee;
  • act in the name and on behalf of the Principal regarding receiving insurance indemnity on Principal’s deposits (bank accounts) in accordance with the Federal law "Insurance of Household Deposits in Banks of the Russian Federation" (contact the agent bank (the Agency) to claim Principal’s deposit indemnity payment to the account opened on Principal’s behalf).

Without the right to deposit or withdraw cash assets. Without the right of transferring funds to any other accounts but those opened on Principal’s behalf. 

  • natural person’s application form for integrated banking services;
  • instruction for completing and issuing the necessary documents that contains preview samples of the documents required for the identification procedure in the Bank chosen by the Principal in accordance with the Federal Law № 115-FZ" On Countering Money Laundering and the Financing of Terrorism" of 07.08.2001, the list of which the Agent may additionally request, depending on the requirements of the Bank, selected by the Principal;
  • 3.1.5. offers advice on filling out and issuing necessary documents, hands over the samples of such documents to the Principal, including by means of publishing them on the website www.investriskfree.com

    3.1.6. opens deposit (-s) on Principal’s behalf if the Principal has submitted all documents necessary for opening a deposit(-s) in the Bank of Principal’s choice;

    3.1.7. sends scanned copies of the documents issued by the Bank after a deposit on Principal’s name has been opened to the Principal via post to the Principal’s address or/and via email (Principal’s address and email address are provided in the application form):

    • bank details for transferring money to a deposit opened on Principal’s behalf;
    • deposit contract/ application for integrated banking services.

    3.1.8. if the Bank provides additional documents which are not listed in Clause 3.1.6. of this Agreement, the Agent submits scanned copies of these documents to the Principal as well;

    3.1.9. supervises deposit(-s) opened on Principal’s behalf;

    3.1.10. represents, if necessary, the Principal’s interests in the Deposit Insurance Agency or any other organization determined by the Central Bank of Russia providing there is a power of attorney for an Agent’s employee to perform such actions, if an insured event occurs.

    3.2. All documents received by the Agent via post at the following address and / or form via e-mail (information about which is provided in the application of a natural person) from the Principal shall be issued and passed on to the Agent in strict accordance with document samples and instructions attached.

     

    4. Rights and Obligations of the Parties

    4.1. The Agent has a right to:

    4.1.1. receive from the Principal documents provided for in Clause 4.4.1 of this Agreement;

    4.1.2. make copies of documents received from the Principal for the due performance of obligations under this Agreement;

    4.1.3. receive from the Principal reimbursement of unforeseen expenses (if any) related to the performance of the Agent’s obligations under this Agreement; receive from the Principal reimbursement of expenses incurred resulting from the provision of services;

    4.1.4. receive Service Charge and Commission under the terms and conditions provided for in this Agreement;

    4.1.5. suspend cooperation with the Principal in case of the Principal’s failure to fulfill / in the event of breach of Clause 4.4.1 and Clause 7 of this Agreement;

    4.1.6. make similar Agency Agreements with other Principals;

    4.1.7. refuse to perform under this Agreement (repudiate this Agreement) in case of repeated violations of its conditions by the Principal;

    4.1.8. suspend obligations fulfillment under this Agreement until the receipt from the Principal of necessary documents issued in accordance with instructions and samples provided by the Agent;

    4.1.9. deny services to U.S. citizens, Green Card holders or those having a residence permit (permanent or temporary) in the United States due to more complicated identification and service procedures established by Russian banks for U.S. citizens.

    4.2. Principal has a right to:

    4.2.1. demand due compliance with obligations provided for in Clause 2 of this Agreement;

    4.2.2. receive the Agent’s reports upon this Agreement termination;

    4.2.3. receive from the Agent documents provided for in Clause 3.1.7 of this Agreement.

    4.3. Agent is obliged to:

    4.3.1. commence obligations of the agency under the conditions provided for in this Agreement;

    4.3.2. duly comply with the orders provided for in Clause 3 of this Agreement;

    4.3.3. correct the deficiencies without compensation at the request of the Principal if that deficiencies occurred due to the the Agent’s fault;

    4.3.4. provide an Agent’s report upon this Agreement expiration under the terms and conditions provided for in Clause 6 of this Agreement and in case of special request made by the Principal and in case of a disputable situation not later than five days after the receipt of the Principal’s request for a report on the work performed;

    4.3.5. pay postage expenses related to the sending of the documents confirming the closing of the Principal’s account in case of the written request made by the Principal for the purposes of its postal sending to the Principal;

    4.3.6. protect the confidentiality of the information given by the Principal for the purposes of the agency and for the fulfillment of its conditions under this Agreement; do not disclose it to any third party and do not divulgate any personal data without consent given by the subject of that personal data. Form of this consent is fixed in Annex 1 to this Agreement;

    4.3.7. arrange meetings and negotiations between the Principal and representatives of the Banks when needed at the Principal’s expense.

    4.4. The Principal is obliged to:

    4.4.1. timely submit to the Agent the following documents necessary for the compliance with the Conditions of the Agency under this Agreement:

    • notarised power of attorney that was legalized or stamped with an apostille and that was given in favor of an employee of “InvestRiskFree” Ltd. thatauthorizes this employee to:
      • conclude, annul and sign contracts for current bank account and time deposit account, apply, receive, sign applications, orders and contracts including additional agreements to them;
      • receive deposit statements and information;
      • arrange periodic transfer of interest income accrued on Principal’s deposit (in currency of Principal’s deposit) from the current account to Principal’s deposit account;
      • arrange transfer of sums from current account to Principal’s deposit account;
      • arrange for wire transfer after closing Principal’s deposit to an account held in Principal’s name with bank details provided by the Principal in the power of attorney for an Agent’s employee;
      • act in the name and on behalf of the Principal regarding receiving insurance indemnity on Principal’s deposits (bank accounts) in accordance with the Federal law "Insurance of Household Deposits in Banks of the Russian Federation" (contact the agent bank (the Agency) to claim Principal’s deposit indemnity payment to the account opened on Principal’s behalf).

        Without the right to deposit or withdraw cash assets. Without the right of transferring funds to any other accounts but those opened on Principal’s behalf.

    • notarised copy of the Principal’s personal identity document that was legalized or stamped with apostille for non-residents of the Russian Federation;
    • notarised document that certificates the Principal’s place of residence (legalized or stamped with apostille). This document must be submitted in case of absence of this information in the Principal’s personal identity document;
    • fully filled in application form for integrated banking services;

    4.4.2. provide other information necessary for filling in of the application form for the purposes of the account application;

    4.4.3. comply with the Obligations under this Agreement timely and duly;

    4.4.4. pay for the Agent’s services in time in accordance with Clause 7 of this Agreement;

    4.4.5. pay postage expenses related to the sending of documents necessary for the Agent to fulfill the agency conditions under this Agreement;

    4.4.6. check the e-mail constantly (at least once every three days) for the Agent’s messages;

    4.4.7. pay taxes due to be paid in accordance with the legislation of the Russian Federation including withholding made by the Bank;

    4.4.8. personally make sure before accepting this Agreement that the Agent’s activity does not contravene the law of the country which nationality the Principal has or to which jurisdiction the Principal falls within;

    4.4.9. notify the Agent of the receipt of funds to the Principal’s deposit via e-mail and (or) fax.

    4.5. Submit documents necessary for the due performance by the Agent of the obligations provided for by this Agreement and issued in strict accordance with samples and instructions provided by the Agent. In case of failure to submit correct document (documents), the Principal is obliged to present a correct document (documents) at their own expense and independently.

     

    5. Term of Agreement

    5.1 This Agreement shall be deemed to have been concluded since the Agent receives the service charge from the Principal and is effective to the moment of closing the deposit.

    5.2. For the certain acts of the Agent contained herein, the Parties have established special time limits for performance:

    5.2.1. acts established by Clause 3 of this Agreement can be performed only after the Agent has received from the Principal the documents issued in a strict correspondence with the attached samples and instruction as provided for in Clause 4.4.1 of this Agreement and needed for the Agent to carry out the agency on a bank that participates in the Russian deposit insurance system chosen by the Principal and after the payment as provided for in Clause 7.1 of this Agreement has been received from the Principal.

    5.2.2 the Agent opens a deposit in bank(-s) chosen by the Principal, simultaneously notifying the Principal and sending details of the opened deposit(-s) and, on personal request of the latter, scanned copies of all documents provided by the Bank(-s) within 3 working days since receiving a full set of all required documents from the Principal.

     

    6. Reports of the Agent

    6.1 Within 7 working days after closing the deposit the Agent sends to the Principal an Agent’s report which may include information about reasonable additional expenses (if any) using the form and content established in Annex 2 to this Agreement via e-mail.

    6.2 The Principal is obliged to consider the Agent’s report and, if having any reasons for rejecting within 7 working days since receiving a report from the Agent, send to the Agent a written application containing all reasons for rejecting on the part of the Principal via e-mail.

    6.3 If within the period established by Clause 6.2 of this Agreement the Principal has not sent to the Agent a written reason for rejecting, the Report of the Agent is considered to be accepted and approved by the Principal by default.

    6.4 Within 14 working days since receiving from the Principal written reasons for rejecting the Agent is obliged to resolve all complaints made or discover a reasonable rejection and send to his e-mail all necessary evidence, which Principal should consider within 7 (seven) working days since receiving such letter via e-mail.

    6.5 Submission of all necessary documents concerning enforcing obligations pursuant to this Agreement for Sending/Providing them to the Principal by the Agent is carried out by mail to the address and/or by e-mail, which are stated in the natural person’s application form.   

    7. Extent of remuneration and Terms of Payment

    7.1 The Service Charge of 49 USD is paid by the Principal for opening 1 (one) deposit in the name of Principal.

    7.2 In case of opening several deposits in the name of the Principal, the latter makes several payments established by Clause 7.1 of this Agreement. The number of payments should match the number of deposits to be opened.

    7.3 In case of prolongation of a deposit opened in the name of the Principal, no Service Charge shall be imposed. A maximum possible number of prolongations for 1 (one) deposit depends on complex banking service conditions in each specific bank.

    7.4 The commission which should be paid by the Principal comes to an annual interest rate of 0,5% of the total amount deposited by the Principal, and is monthly collected by the Agent at the rate of 1/12 from the annual interest of 0,5%. The first payment is due one month after the deposit was opened.

    7.4.1 The Principal should pay the commission on monthly basis either by wire transfer to the current account of the Agent, which banking details are given in Clause 13. of this Agreement, or by credit card via «PayPal» - online payments system by permitting acceptance for making automatic regular «PayPal»  online payments directly on PayPal website.

    7.5 The Service charge and the commission paid by the Principal are fully non-refundable.

    8. Liability of the Parties

    8.1 In accordance with the legislation of the Russian Federation the Parties are responsible for improper performance of their obligations.

    8.1.2 The Agent is not responsible for the Principal’s breaches of the legislation, if any of them occur during performing the obligations of this Agreement by the Parties, of the state whose citizen the Principal is and within whose jurisdiction the Principal falls.

    8.2 Parties are not responsible if a failure of performance of obligations hereunder was due to the third parties` default.

    8.3 Agent is not responsible for authenticity relevance of the Principal’s personal data or banking details and documents, necessary for making an order on www.investriskfree.com,signing this Agreement and providing to the Bank and signing a complex banking service agreement with the Bank in the name of the Principal.

    8.4 Agent is not responsible for the Principal`s failure to perform or improper performance of his obligations hereunder.


    9.
    Grounds, order and conditions of cancellation and termination of the Agreement

    9.1 This Agreement may be rescinded by consent of the Parties as well as unilaterally upon written request of a Party that has previously sent an appropriate notification in writing to the email of the other Party 7 working days before the supposed date of cancellation.

    9.1.1. By means of a written notification provided for by Clause 9.1. of this Agreement the Principal is obliged to inform that they cancel this Agreement with a simultaneous closure of the deposit.

    9.2. The Agent may cancel this Agreement in case of repeated non-fulfillment/improper fulfillment by the Principal of his obligation to pay the agent’s commission or lasting for a period exceeding three (3) months.

    9.3 In the case provided for by Clause 9.1.1. the Agent is obliged to close the deposit previously opened in the name of the Principal, and send to the Principal (at the request of the latter) scanned copies of the documents confirming the closure of the deposit if the Bank provides them. 

    9.3.1. Documents confirming the closure of the deposit are not strictly defined and may vary according to the internal rules of the Bank and other circumstances independent of the Agent.

    9.4. This Agreement will be terminated in case of recognition of one of the Parties as incapable, partially capable, missing, dead, bankrupt or liquidated.

    9.5. Upon cancellation of this Agreement with the simultaneous closing of the deposit the Service Charge of 49 USD is not refunded to the Principal by the Agent.

    9.6. Upon cancellation of this Agreement with the simultaneous closing of the deposit the total amount of Commission paid for the entire period of servicing the Principal until the cancellation of the agreement is not refunded to the Principal by the Agent.

    9.7. The Agent stops charging a monthly Commission to the Principal from the date of closing of the account/the deposit of the Principal. 

    10. Force majeure

    10.1. Parties are released from liability for complete or partial non-fulfillment of any of the obligations under the Agreement if this non-fulfillment was caused by force majeure, such as: flood, fire, earthquake, war, revolution, epidemics, embargoes or prohibitions of the competent state bodies and changes in legislation, which arose after the signing of this Agreement and which the Parties could not foresee or prevent by reasonable activities. Herewith the term of fulfillment of the obligations under this Agreement is extended for the time during which such circumstances and their consequences were in force.   

    10.2. A party that fails to perform the obligations under this Agreement is required to notify immediately the other Party about the commencement and cessation of the abovementioned circumstances. Untimely notice of force majeure circumstances deprives the Party of the right to refer to them in the future.

    10.3. Acts of state bodies of executive power may serve as sufficient proof of the occurrence such circumstances and their duration.

    10.4. If such circumstances and their consequences last more than 3 (three) months each of the parties has the right to cancel this Agreement on the whole or partly.In this case neither of the parties shall have the right to demand from the other party compensation of any possible material losses.

    11. Settlement of disputes

     

    11.1. All disputes and differences which may arise between the Parties of this Agreement are to be settled through negotiation.

    11.2. In case of failure to settle the dispute through negotiation, they shall be finally settled in the Krasnopresnenskiy Court of Moscow.

     

    12. Concluding provisions

     

    12.1. The text of this Agreement drawn up in 2 (two) authentic versions in Russian and English.

    12.2. In case of dispute the Russian version is crucial.

    12.3. To the relationship of the Parties arising from this Agreement should be applied the rules of the Russian law

     

     

    13. Address and company details of the Agent

       

    Company name: «InvestRiskFree» Ltd.

    Tel. number: +7 (495) 269-26-46

    Email: info@investriskfree.com

    President of the Company: Kozhevnikov Konstantin Gennadievich

    Legal address: 119530, Moscow, Ochakovskoye highway 34
    Taxpayer Reference Number 7730696993

    Code of reason for registration 773001001

    Primary State Registration Number 5137746106152

    Corporate bank account No. 40702810600930012189

    PayPal account: info@investriskfree.com

     


     

    Annex 1 to

    Public offer to the conclusion of an agent contract for providing services relating to deposit opening and support in the banks of the Russian Federation participating in deposit insurance system (hereinafter – Agreement).

     

     

    Consent to transferring personal data to third parties

     

     

     

    The natural person who has accepted this Agreement and who is willing to make use of services provided by the Agent according to the conditions and the procedure set out in this Agreement (hereinafter – Principal) by accepting this public offer gives, in accordance with the Federal Law of the Russian Federation “On personal data” # 152-FZ dated 27.07.2006, his/her consent to “InvestRiskFree” Ltd. (hereinafter “InvestRiskFree” Ltd. or Agent), legal address 121248 Moscow, Kutuzovsky pr., 5/3, represented by the President of the Company Kozhevnikov Konstantin Gennadievich, acting in accordance with the Company Charter, for data processing and providing personal data of the Principal to Banks in order to comply with the terms of this Agreement to the conclusion of an agent contract for providing services relating to deposit opening and support in the banks of Russian Federation participating in deposit insurance system, to the extent required to carry out the Principal’s request for deposit opening and its support in the bank which includes:

    • Natural person’s application form for integrated banking services;
    • Passport and other identification details;
    • Residency details;
    • Email address, phone numbers;
    • Additional information about the Principal and his/her family members;
    • Details about the Principal’s foreign tax liabilities.

              This consent is valid for duration of the Agreement and (or) until cancelled in writing depending on which of these events occurs earlier.

     

     

     

     

     

     

    Annex 2 to

    Public offer to the conclusion of an agent contract

     for providing services relating to deposit opening and

     support in the banks of Russian Federation

    participating in deposit insurance system

    (hereinafter – Agreement).

    Dated «__» _______________ 20___

     

    The Agent's report

    on the performance of the contract dated “__” __________ 20___

     

    Moscow

     

    ____________________________________________________________, hereinafter referred to as “Principal” accepts

     (Natural person’s Surname, Name, Patronymic (if applicable)

    this Report on the performance of the Agreement dated “__” _______________________20__, from “InvestRiskFree” Ltd. hereinafter referred to as “Agent”, represented by the President of the Company Kozhevnikov Konstantin Gennadievich, acting in accordance with the Company Charter, on the following.

     

    1. The Agent has selected three or more banks of Russian Federation that participate in the deposit insurance system;
    2. The Agent has provided a comparative analysis of conditions for deposits in three or more banks that are participants of the deposit insurance system, including by means of providing access to the information placed on the website www.investriskfree.com;
    3. The Agent has presented current information on all key deposit features in the Banks proposed to the Principal;
    4. All the documents that the Agent disclosed to the Bank chosen by the Client in order to open a deposit have been provided in their entirety;
    5. During the agreement validity period the Agent has supervised the Bank in which the Principal’s money is deposited, has received Bank’s factual documents concerning the status of the deposit opened as well as documents on the Bank state from official sources;
    6. The Agent has performed the actions concerning closing of the deposit;
    7. The Agent has performed the actions aimed at indemnification payment to the Principal, including application to the agent bank/ the Deposit Insurance Agency with claim for Principal’s deposit indemnification payment to the bank account indicated by the Principal for indemnity repayment (this article is included in the Agent’s report in case an event insured occurs in regard with the Principal’s deposit).
    8. During the agreement validity period the Principal has been informed about remittance of funds, bank deposit termination;
    9. The Agent has passed all the documents under Clause 3.1.6 of the Agreement during the agreement validity period;
    10. The Principal has paid the service charge and the commission in the form and in the amount set forth in the Agreement;
    11. The Agent has incurred extra costs in relation to compliance with the Terms of Agent’s Services indicated in the Agreement amounting to ______ whichare to be repaid within 5 business days from the day when this Report was received. The documents confirming extra costs have been sent to the Principal in accordance with the method set forth in Clause 6.5 of the Agreement. (This Clause is included in the Agent’s Report in case the Agent has incurred extra costs while performing his/her obligations to this Agreement).
    12. The Principal has no complaints as to the quality and the amount of the requests performed under the Agreement.[1]

     

    The copies of the documents are provided on __ pages. (it is possible to list each of the documents sent).

     

    Agent:

    ___________/_______________/

    (signature)         (full name)

    official seal

    ________________________________________________________________________________________________

    [1] The Principal has the obligation to review the Agent’s report and in case there are reasoned objections the Principal has to send the Agent an email with a written claim containing Principal’s all reasoned objections within 7 working days. If the Principal failed to send an email with his/her written claim to the Agent, the Agent’s Report is assumed as approved by the Principal automatically.