Bitcoin - ASA Agreement Template Rel1
Bitcoin - ASA Agreement Template Rel1
Bitcoin - ASA Agreement Template Rel1
by and between:
and
WHEREAS, the Seller wishes to sell to the Buyer 400,000 (Four Hundred
Thousand) Bitcoins with R&E with a net discount of 7% (gross discount 13%) -
these discounts shall be raised up to 14% gross and 8% net for Buyer in
case of performance of the first payment in date 09.12.2020 - of the current
market value (as displayed on block- chain.info) (hereinafter, referred to as the
“Assets”); The discount and fee will be paid by the seller in separate wallet. First
tranche to be 30,000 (Thirty Thousand) Bitcoins.
WHEREAS,the Buyer wishes to purchase from the Seller the Assets totaling the
price of XXX TBA Million Usd agreed by Buyer and Seller (hereinafter, referred to
as the “Purchase Price”);
THE CONTRACT:
The Contract between the Seller and the Buyer, signed by the SELLER, is sent to
the BUYER to approval and signature.
3. The seller already signed the contract and sent it to the buyer, including his
source wallet(s) public address for his forensics analysis verification. The buyer
signs the contract and sends it back to the seller.
4. Both seller and buyer will confirm the signed agreement has been received in
good order and thus ready to proceed.
5. Directly after signed agreement by both parties within 24 hours, the seller will
show the readiness to proceed for the full amount of the 400,000 btc splitted in
several wallets according to availability.
6. After the buyer received our contract and send it back duly signed, we will
confirm that we are RWA to start the payment operation, and, as soon as the
amount will be cashed in our account, we’ll start the wallet unlock operations.
7. Please note that there will be few hours required by the BO of the platform to
unlock the wallets and to start delivery to buyer (which timing will be informed
accordingly).
The payment from the buyer must be TURBO SWIFT MT103/GPI to be notified to
us as soon as effected at the following email addresses _______________________.
8. Seller’s bank officer must reply through Swift to buyer’s bank stating the
successful receipt of the Turbo Swift MT103/GPI in order to establish a
communication channel between buyers and sellers bank.
10. After the buyer received the BTC in his designated wallets (after the Six (6)
confirmations of Blockchain), buyer’s bank or the buyer himself, (see Annex B)
releases immediately the confirmation to seller’s email at the following email
addresses: ______________ and__________________.
11. Upon completion of the transaction, both parties sign the affidavit of successful
settlement.
(ii) the Seller has all requisite power and authority to execute, deliver, and perform
this Agreement and to sell the Assets to the Buyer.
(i) the Buyer had an opportunity to ask questions and receive answers from the
Seller regarding the terms and conditions of the purchase of the Assets;
(ii) the Buyer is aware of and has an understanding of the speculative and volatile
nature of bitcoin prices; and
(iii) the Buyer has such knowledge and experience in financial and business matters
that it is capable of evaluating the merits and risk of the purchase of the Assets;
and
(iv) the Buyer has all requisite power and authority to execute, deliver, and perform
this Agreement and to buy the Assets from the Seller.
4. Non-performance
Non-performance by seller:
4.1. If the seller fails to transfer the bitcoins to the wallet of the buyer within 24
hours (twenty four hours) after confirmation of the TURBO SWIFT MT103/GPI
has been received at the seller’s bank, this agreement will become Null and
Void.
4.2. If the seller does not execute this agreement as described under Clause 2.5.,
2.7. or 2.9. it shall immediately, without any further action or formality being
required, become liable to the buyer for an immediately due and payable
penalty of 1% of contractual value (1% percent = 4,000 BTC) and without
prejudice to the right of the buyer to claim damages in addition if there is
one.
4.4. If the buyer does not execute this agreement as described under Clause 2.6.,
2.8. or 2.10. it shall immediately, without any further action or formality
being required, become liable to the seller for an immediately due and
payable penalty of 1% (one percent = 4,000 BTC) and without prejudice to
the right of the buyer to claim damages in addition if there is one.
5. Confidentiality
5.1 To the extent authorized by the law, the Parties may wish, from time to time, in
connection with this Agreement, to disclose Confidential Information to each other.
For the purposes of this Agreement, the term “Confidential Information” refers to
information which is marked in writing by the disclosing Party as being confidential.
Each Party will use reasonable efforts to prevent the disclosure of any of the other
Parties’ Confidential Information to third parties during the validity of this
Agreement and for a period of five (5) years after the termination of this
Agreement, provided that the recipient Party’s obligation must not apply to
information that:
5.2 Each Party may disclose the Confidential Information to those of its officers,
employees, legal and professional advisors who have agreed with that Party in
writing to comply with the confidentiality obligations of that Party under this
Agreement.
5.3 Section 4 must survive the expiration or the termination of this Agreement for
any reason.
6.1 The term of this Agreement shall commence on the Effective Date and shall
continue until both of the following two events occur:
(i) the Assets are transferred by the Seller to the Buyer; and
6.2 The termination of this Agreement shall not impair any rights or remedies of
any Party accrued prior to the termination of this Agreement.
7. Miscellaneous
7.1 Governing law. This Agreement shall be governed by and construed under the
laws of England, the United Kingdom.
7.2 Disputes. The Parties agree to submit all their disputes arising out of or in
connection with this Agreement to the exclusive jurisdiction of the courts of London,
England, the United Kingdom.
Company: Company:
«l
SIGNATURE:
SIGNATURE:
1. EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of
any provisions of this Contract. As applicable, this agreement shall be: Incorporate U.S. Public Law
106-229, ‘‘Electronic Signatures in Global & National Commerce Act’’ or such other applicable law
conforming to the UNCITRAL Model Law on Electronic Signatures (2001)
2. ELECTRONIC COMMERCE AGREEMENT(ECE/TRADE/257, Geneva, May 2000) adopted by the
United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT).
3. EDT documents shall be subject toEuropean Community Directive No. 95/46/EEC, as
applicable. Either Party may request hard copy of any document that has been previously transmitted
by electronic means provided however, that any such request shall in no manner delay the parties
from performing their respective obligations and duties under EDT instruments.
Required message “The remitter is known to us. This is done with full banking responsibility and we
are satisfied as to the source of funds sent to us.”
TRANCHE SCHEDULE
AMOUNT AMOUNT
AMOUNT USD
BITCOIN
WEEK TRANCHES BITCOIN TO BE
TRANSFERRE TO BE
FOR USD
D TRANSFERRED
1 XX,000 tba XX,000 R&E
1st
1 TBA tba
2nd …..
…..
….. …..
th
X ….. …..
…… …..
TOTAL 2,200,000
(Example – can be changed)
SELLER’S COORDINATES
PAYMASTER COMPANY:
COMPANY REG. No.:
COMPANY ADDRESS:
REPRESENTED BY:
PASSPORT No.:
DATE OF ISSUE:
DATE OF EXPIRE
NATIONALITY:
BANK NAME:
BANK ADDRESS:
ACCOUNT NUMBER USD:
SWIFT CODE:
ACCOUNT NAME:
BANK OFFICER NAME:
BANK OFFICET TEL/FAX:
E-mail:
BENEFICIARIES:
SPECIALINSTRUCTIONS 1:
SPECIAL INSTRUCTIONS 1:
SIGNATURE
SELLER - ID
BUYER’S COORDINATES
PAYMASTER COMPANY:
COMPANY REG. No.:
COMPANY ADDRESS:
REPRESENTED BY:
ID No.:
DATE OF ISSUE:
DATE OF EXPIRE
NATIONALITY:
BANK NAME:
BANK ADDRESS:
ACCOUNT NUMBER USD:
SWIFT CODE:
ACCOUNT NAME:
BANK OFFICER NAME:
BANK OFFICET TEL/FAX:
E-mail:
BENEFICIARIES:
“THE REMITTER IS KNOWN TOUS. THIS IS DONE WITH FULL BANKING
RESPONSIBILITY AND WE ARE SATISFIED AS TO THE SOURCE OF FUNDS
SPECIALINSTRUCTIONS 1: SENT TO US.” “FUND ARE CLEAN AND CLEAR, OF NON-CRIMINAL ORIGIN
AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY BEBEFICIARY’S
BANK”
ALL WIRE TRANSFER SHALL INCORPORATE ABOVE MENTIONED TEXT MESSAGE AND
COPY OF THE BANK WIRE TRANSFER SHALL BE EMAIL (……………….)FOR LEGAL
SPECIAL INSTRUCTIONS 1:
VERIFICATION AND DOCUMENTATION PURSUANT TO PATRIOT ACT/BANKING
REGULATIONS WITH ONE ORIGINAL CONTRACT COPY.
SIGNATURE
DATE:
COMPANY NAME:
SIGNATORY:
Wallet where the Buyer want to receive the BTC from Seller
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