CASH ESCROW DEPOSIT AGREEMENT FOR SPEIR STABLECOIN
THIS IS AN EXAMPLE DOCUMENT FINAL DOCUMENTS WILL NEED TO COMPLY WITH LOCAL LAWS AND KNOW YOUR CUSTOMER REQUIREMENTS.
Date: Month 00, 0000Deposit Amount: $000,000.00
NOTICE: THIS DEPOSIT AND THE SECURITIES ISSUABLE UPON THE CONVERSION IF CONVERTED HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY APPLICABLE STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES AND “BLUE SKY” LAWS, OR UNLESS THE DEPOSITOR HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE SATISFACTORY TO DEPOSITOR THAT REGISTRATION IS NOT REQUIRED.
For value received, Speir Digital Inc., an Arizona corporation (hereinafter referred to as the “Depositor”), agrees to deposit to [Name Here], located at [STREET, CITY STATE ZIP], or its nominees or assigns (collectively referred to as the “Holder”), the sum of up to ENTER AMOUNT ($000,000.00), known herein as the “Deposit Amount”, together with interest thereon from the date specified above.
Deposit and Withdrawal Fees:
All cash escrow deposits for SPEIR StableCoin are subject to a 15% deposit fee.
Withdrawal fees are determined by the method chosen for withdrawing SPEIR StableCoin, whether to cash or cryptocurrency. Conversion rates may be applicable.
Payment Methods and Approval:
Deposits can be made using cash, wire transfers, or credit, or debit cards. However, prior approval is mandatory for cash withdrawals.
All funds held within the United States are insured by the FDIC.
Funds stored in foreign banks adhere to the regulations and insurance policies of the respective country.
Availability of Funds:
The availability of deposited funds can range between 3 to 14 days. This duration is influenced by the chosen deposit method and other regulatory factors.
For any further inquiries or clarifications regarding this agreement, please reach out to our legal department or customer service representatives.