Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
IRREVOCABLE DISBURSEMENT PAYMENT ORDER
This Document is in respect to the following Transaction Code and or Client Reference Code
Stated above and covers all rolls and extensions that are acceptable and contracted for between
Client and same Trade Source that both parties agree to and keep the Fee Agreement in place as
directed in the Fee Agreement. If this agreement is signed before the final Transaction code is
raised and any parties to this agreement are issued a cease and desist by the Payor or Client to
the transaction before the final transaction code, this agreement becomes null and void.
PAYMASTER AGREEMENT
Parties to the Agreement
- BENECOUSA CORPORATION represented by Carlos Jose Benadia, as Paymaster
- And the beneficiary and or beneficiaries as listed in this agreement.
Definitions
- Gross Commissions: Commission payments that are received by this Paymaster as clean
and cleared funds based on the Client Reference Code and or Transaction Code stated
above.
- Net Commission: The amount due and payable to the named beneficiary and/or
beneficiaries named in this Paymaster Agreement per the Fee Agreement signed by the
Client after deducting the Paymaster fees as defined in clause 9 of this Paymaster
Agreement.
Date: December 26, 2023
1. The following sets out the protection of the commission fees payable to the beneficiary and
or beneficiaries stated herein, should a Contract with the Client Reference Code and or
Transaction Code stated above to be executed and consummated under the terms and
conditions mutually agreed upon by the principals to that private transaction.
2. Now, therefore, BenecoUSA Corporation acting with full corporate authority and
responsibility, does herewith, without recourse and subject to the gross commission
2
Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
(funds) received per Client Reference Code and or Transaction Code stated above agrees to
pay net commission Fee/s according to the Fee Agreement signed by the Client 1.00 % to
receive the money and distribute per clause 16 of this Agreement.
3. This Agreement is issued under and in acknowledgment of the paymaster’s rights and
responsibilities under the signed Fee Agreement and the Client Reference Code and or
Transaction Code stated above.
4. BenecoUSA Corporation further agrees that the net commission fees stated herein are
compensation for services rendered by the beneficiaries listed below and are irrevocable
and guaranteed to be paid within 3 (Three) international banking days of the receipt of
cleared funds to the Trust or Solicitors Account unless otherwise agreed. The paymaster is
not responsible for any banking delays that may or may not occur.
5. The net commissions will be free of legal impediment and free of any, deductions
excluding paymaster fees and normal bank wire fees for this and all subsequent
transactions. Payment of the net commission due to the beneficiary and or beneficiaries
will be made by the Paymaster subject to and receipt of clean and cleared funds of each
incoming deposit showing the Client Reference Code and or Transaction Code stated
above until that transaction is complete including all contract extensions, additions,
rollovers, modifications, or renewals thereof.
6. All funds remitted from the Paymaster account must be supported by written documented
instruction from the beneficiary by way of a Beneficiary Pay order to the Paymaster, signed
by the beneficiary and instructing the paymaster to remit funds to banking coordinates as
defined in the Pay order. Further the Paymaster in turn agrees (unless otherwise agreed) to
execute and place irrevocable Pay Orders (IPO) with the Solicitors Trust and/or Overseas
Account for payment within three (3) international banking days from the date of receipt
of the gross commissions to the Paymaster Account showing the Client Reference Code
and or Transaction Code stated above and on receipt of the Beneficiary Papay order
7. It is agreed that BenecoUSA Corporation as Paymaster will cause the above listed Payer
bank account/Solicitor Trust Account to issue a certified copy of a statement of receipt and
payment to the beneficiary and or beneficiaries named herein, within three (3) international
banking days from the date of payment. This statement will fully account for
2
Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
the gross commission receipts and payments of funds as it applies to the Paymaster and
beneficiary, or beneficiaries named herein.
8. Parties to this agreement agree that they are bound by any Non- circumvention Non-
Disclosure Agreements that they have entered into with any other parties about this
transaction and hereby agreed they will not circumvent, avoid, bypass or obviate each
other directly or indirectly to avoid payment of commissions or fees for this or any
transaction pending, or in the future for 5 years from the date of executing of this
Agreement whether this contact is consummated or not. At no time shall either Party
disclose or otherwise reveal to any third party any confidential information, Code or
reference, or any such information to the other y that is stated as confidential or privileged
information without the formal written permission of the other party.
9. The Paymaster fee is calculated as outlined as follows.
1.00% to receive the money and distribute per clause 16 of this Agreement totaling 1.00%
the Fees of the gross commissions, payable to the Paymaster from the contract
10. The Net Commission Fee Payable: The total fee which is per the calculation shown in
clause 16 of this agreement, is after the deduction of the Paymaster fee and does not
include the bank wire fee and is divided per the Schedule as outlined per clause 16 of this
agreement. The Solicitor Trust Account and/or Overseas Account of the Solicitor Firm shall
immediately and automatically disburse to each beneficiary/is the Fee payment as stated
herein
11. This agreement including any alterations, amendments, or additions hereto shall be
governed by and construed by the laws of the United States of America.
12. The Paymaster will have no responsibility for reporting monies received under this SFPA
to any tax authority. The Parties acknowledge that is the sole responsibility of the
Beneficiaries to report and pay income tax and/or any other form of tax to all relevant tax
authorities with reconcerningonies the Beneficiaries may receive pursue under the
Agreement.
13. By signing this SFPA, the Beneficiaries confirm under penalty of perjury that, to the best of
the Beneficiaries’ knowledge, information, and belief, any monies being wired into
2
Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
the Paymaster’s accounts under the terms of this Agreement are not from any unlawful
sources, do not constitute money laundering, are not part of a criminal enterprise, and are
not the proceeds of, nor destined to support, terrorist or criminal activities of any kind.
14. The Beneficiaries agree to absolve the Paymaster of any legal, contractual, or other liability
in the event of third parties requesting that the Paymaster pay them in respect of the
Transactions, in a case where the relevant Beneficiaries did not inform the Paymaster of
any such third parties being entitled to Payments from funds received by the Paymaster.
15. Any dispute arising out of or in connection with this contract, including any question
regarding its existence, validity, or termination, shall if both parties agree be referred to
and resolved by the courts of the USA.
NOTE: ALL BANKS CHARGES/FEES SHOULD BE BORN BY THE RESPECTIVE
ACCOUNT BENEFICIARY/IES
Beneficiary or Beneficiaries
The total net Commission amount payable to each beneficiary as listed below is based on the gross
commissions received to the paymaster account based on the Client Reference Code and or
Transaction Code stated above and shall be transferred into the accounts of the Beneficiaries as
follows:
16. List of Beneficiary/ies
#1 XXXX XXXX XXXX and or Assigns
#2 xxxxxxxxxxxxxxxxx or Assigns
BENEFICIARY #1, Shall receive (USD $) % of the net commissions as defined in this
agreement being a sum based on the Client Reference Code and or Transaction Code stated
above
2
Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
Beneficiary Name _________________
Bank Name
Bank Address
Account No.
Account Name
Beneficiary
Signature
SWIFT
ABA Routing No,
Bank Officer
Bank Telephone /Fax
WIRE EMAIL a notification immediately upon each tranche/ transfer
INSTRUCTIONS payment together with the transaction code/s to e mail: .com
REQUIRED ALL TRANSFER INSTRUCTIONS SHALL STATE: “FUNDS
MESSAGE ARE CLEAN AND CLEAR, OF NON-CRIMINAL ORIGIN,
AND ARE PAYABLE IN CASH IMMEDIATELY UPON
RECEIPT BY BENEFICIARY’S BANK.”
PAYMASTER’S ACKNOWLEDGEMENT:
This document constitutes an irrevocable and not retractable payment order issued to the beneficiaries
named herein, per the terms of this agreement, given with full corporate responsibility, by which I hereby
instruct my Bank/Solicitor Trust Account and/or Overseas Account of the Solicitor Firm as specified
herein, to simultaneously pay, without any protest and/or delay, upon the closing and receipt of clean and
clear funds to the Trust account, of every transaction, until the transaction under the above-entered codes
is completed including any rollovers and extensions, the compensation to the benefic bank accounts, as
stipulated herein.
SUCCESSORS: This Agreement is binding upon and inures to the benefit of the successors, assignees,
heir’s diaries personal representatives of the receiving person(s).
IN WITNESS WHEREOF, the undersigned has executed this agreement on the day of 26
December 2023.
2
Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
PAYMASTER:
Company Name: BENECOUSA CORPORATION
Address: 4727 Boxwood Cir., Boynton Beach, Florida 33436 - USA
Phone/Fax: + 561-666-0736 / 561-903-6125
E-mail: BenecoUSA@[Link]
Represented by Carlos Jose Benadia
Title: President / CEO
Date: December 26, 2023
(Seal & Fingerprint)
Signature: _________________
Carlos Jose Benadia
President/CEO
BENECOUSA CORPORATION
The named undersigned has approved and executed this agreement on the day of 26 December
2023.
(Seal & Fingerprint)
Signature: _________________
Beneficiary:
Passport No.:
Date of Issue:
Date of Expire:
Country of Issuance:
2
Irrevocable Sub Fee Protection Agreement and Pay Order Agreement
“Considered as an integral part of this contract”
”
WITH ROLLS AND EXTENSIONS
Client Name: ____________________
Transaction Code: ALL BOND TRANSACTIONS
Client Contract Ref:
Name of Beneficiary:
END OF DOCUMENT
