Obligations of Party B Arrange Offline/Visa Card machine in Vietnam, deposit and transfer money as requirement by the owner that have bank account in Cambodia and other countries as below: ACC:……………………………………………………………………………………..Article 2: Distribution of money as percentageIn the total amount is divided into two parts as below: Party A who is the owner of Offline/Visa cards will receive ……….% Party B who is the owner of Offline machine and BIDV bank will receive ……….%Article 3: Obligations of Party A and Party B Withdrawal via Offline machine made in Vietnam Party A withdraw an amount of……………………..(Billion) from Offline machine of Party B Party B will withdraw the amount of………………………per day Party B shall arrange to transfer the part of Party A who is the owner of Offline/Visa cards in BIDV bank of Vietnam to Cambodia as specified by the owner of Offline card.Article 4: Responsibility of Party A Party A ensures that these cards do belong to his genuinely without any fraudulent and available to use as requirement. Article 5: Responsibility of Party B Party B ensures that he do have Offline/Visa cards that are available to use as requirement genuinely. Article 6: Compensation and Damage of Party A and Party B Both parties have agreed to compensate damage of each other which caused by the own fault actually in the amount of 100,000USD (one hundred thousand US Dollar). Party A shall compensate damage caused by Offline/Visa cards which are unavailable to use although in any case.
Party B shall compensate damage caused by no Offline/Visa cards machine to conduct transaction to withdraw and transfer money to Party A in Cambodia and other countries even in any case.
Article 7: Governing Law
This contract shall be applied with the law of the Kingdom of Cambodia.
Article 8: The Entirety of Agreement
Both parties of this contract have read and approved with all conditions stipulated herein and strictly to comply with all articles of this contract and affix signature and stamp in the present of attorney without any force from any party, after this contract entered into effective, other previous written contract shall be considered as abrogated.
This contract will become effective from the date that Party A and Party B affix signature and stamp onward.
This contract is made in 8 copies in Khmer 04 copies and English 04 copies, Party A keeps two copies, Party B keeps two copies, two copies kept at attorney office and two copies kept at the bank.
Done at Phnom Penh, dated…………………….., 2015
Party A Party B
Attorney
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