Memo of Understanding–Project name
Buyer/Seller & Sponsor
Transaction Sponsor & Trustor
sp1 Corporation (pending),NV,USA
This MoU is to establish the
scope of association, responsibilities, and mutual approval via signature page.
Transaction Commitments —
Buyer/Seller to cause Guarantor Commitment to transfer a 1year guaranty instruments of value in amount of $5±million to Trust—
under Condition —
Transaction Sponsor to cause Guarantor Commitment to exchange via Trust; 1year guaranty instruments of payment in amount of $5±million plus 1±year
performance guaranty to release instrument of value.
Trust Services —
Trustor, to open trust services, via U.S.A. bank/institution escrow
&/ custody accounts, to perform MoU —
receiving via Trust, Buyer/Seller — payment of 1±% ($25,000 minimum)
Trust Fee to open Trust Services —
Trustor & Sponsors to cause a series of
Guarantor Commitments of performance &/ payment — within 28±days of Trustee asset safekeep — then
Trustee to match Commitments between Guarantor's — then
Trustee to settle Commitments —
1. Trust Fee refund if Transaction Sponsor default = fee paid less minimum
2. Cashout Payment Guaranty of Value less discount = 10±% / $
3. Pay Trust Costs = 1±% / $25thousand minimum
4. Pay required/instructed Payouts = attach Commitments's
5. Release instrument of value at performance guaranty maturity.
6. Other agreed conditions =
Seller Owner to email proof of Trust Fee to Transaction Sponsor; then Trust to list any required documents e.g.: Asset Instruments, transfer of Trust Fee, Guarantor Guaranty/s of Asset & Value, Property Title report, etc.
Seller/Guarantor to insert info for highlighted items and email return; Transaction Sponsor to remove highlight/delete condition, as applicable. Please insert any/if change and email return.End of CC, signature page upon receipt of vCard/s and acceptance of DRAFT by all related parties.
online review is Welcome – also see About Us.
Email: email@example.com — Phone: +1 (702) 944-0375 — Skype: +1 (702) 660-5505 Visit: www.usasset.com
For Accredited or Sophisticated
Service Buyers Only
Subject to change.