| This agreement entered into by and between ____________________________________ |
| and affiliated parties (_________________________________ acting as an authorized |
| representative) hereinafter referred to as the "Claimant" and Asset Recovery Services |
| (_______________________________ acting as an authorized representative) |
| hereinafter referred to as "ARS". |
|
| ARS through its efforts has located Claimant who may be entitled to the abandoned |
| property as described on "Abandoned Property - Schedule A"(hereinafter referred to |
| as "abandoned property"). |
|
| ARS and the Claimant do hereby agree that in consideration of ARS's efforts in locating |
| Claimant and informing the Claimant of the abandoned property, to which the Claimant |
| may be entitled , the Claimant hereby agrees to pay ARS ___________percent (____%) |
| of the net value of the abandoned property the Claimant recovers. |
|
| ARS and the Claimant agree the ARS Fee will be paid upon recovery of the abandoned |
| property by the Claimant. |
|
| ARS agrees that any expenses incurred by ARS are the sole responsibility of ARS. |
|
| The Claimant agrees that any expenses incurred in the process of recovering the |
| abandoned property shall be the sole responsibility of the Claimant. |
|
| The Claimant accepts responsibility for compiling and submitting the required claiming |
| documents to the holder of the abandoned property. |
|
| The Claimant agrees to diligently proceed with the claiming process in a timely manner. |
|
| ARS and the Claimant agree in the event the Claimant is not entitled to the abandoned |
| property and the abandoned property is not recovered, there is no fee nor obligation |
| from one party to the other. |
|
| Dated _______________________ |
|
|
|
| Claimant ARS |
|
| _____________________ ____________________ |
| (authorized representative) (authorized representative) |
