Trust Letter of Engagement - Helm Trust Company Limited

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"Employees" means Directors and staff of the Principal Company and the other GrouD Comoanies. "Terms" means the terms and conditions contained in this letter as amended from time to time. "Services" means such services as the Principal Company has provided or will provide in respect of the Client Trust including such services provided by the Group as the Principal Company deems appropriate and at the Principal Company's discretion. "Appointee" means any person or company whether an Employee or not nominated by the Principal Company to act as a trustee of a Client Trust and that person's personal representatives, executors, heirs, administrators or successors in title. "Corporate means any company shares owned by the trustees of the Client Trust Asset" where the Principal or a relation of the Principal manages, runs, or is in some way connected with the affairs of the said company. 2.2 Words importing the singular shall include the plural and the masculine gender shall include the feminine and the neuter and vice versa in each case and words importing persons shall include bodies of persons whether corporate or unincorporate. 3 Services 3.1 At the request of the Principal the Principal Company has agreed to provide and will provide its services as trustee of the Client Trust. 3.2 A list of examples of some of the services provided as trustees follows: 3.2.1 preparation and maintenance of minutes of meetings of trustees; 3.2,2 maintenance of the books of account of the Client Trust, arranging for the preparation of financial statements and the maintenance and operation of bank accounts; 3.2.3 dealing with the Client Trust's correspondence and day to day work; 3.2.4 investing the funds of the Client Trust on the advice of such adviser as the Trustees have approved from time to time; 3.2.5 safekeeping and insurance (where applicable) of the assets of the Client Trust; 3.2.6 preparation and filing of tax returns and payment of tax.
4.2 4.3 4.4 4.4 4.5 ).1 Fees and Disbursements As remuneration for the Services fees will be paid from the Client Trust to the Principal Company or the Group in accordance with the Principal Company's scale of charges as published and as may be varied from time to time or as may be mutually agreed between the trustees ofthe Client Trust and the Principal and such fees may be deducted from the funds of the Trust. All fees and disbursements will be due for settlement upon presentation of our invoice. The Principal covenants with the Principal Company, the Group and the Appointees jointly and severally that the Principal will at all times guarantee the payment of all fees and disbursements due by the Client Trust either in connection with the Services or generally to the extent necessary to discharge those liabilities and in the event that the Client Trust has insufficlent liquid assets undertakes to pay such fees and disbursements to the Principal Company or the Group. Where the Client Trust has not been prepared by the Principal Company, and to the extent that the Client Trust does not contain a suitable professional charging clause, the Principal covenants that it will indemnify the Principal Company and hold it harmless against any claim for breach of trust that may be made by any person in respect of the Principal Company charging its fees and disbursements to the trust fund of the Client Trust. lf any fees or disbursements payable to the Group shall not be duly and punctually paid neither the Principal Company nor its Employees shall be under any further obligation to provide Services to the Client Trust beyond their duties under the trust deed or any applicable law. Client due diligence and anti-money laundering / financing of terrorism procedures Helm is required by law to apply certain measures designed to combat moneylaundering and the financing of terrorism in respect of its Services. We reserve the right to apply and charge for such measures in respect of all Services we provide including any instructions from the Principal in relation to those Services. These measures include, but are not limited to, client identification procedures. Prior to Helm's engagement to provide the Services or during the course of the provision of the Services, the Principal agrees to provide appropriate information and evidence to confirm the Principal's identity including information about source of funds / source of wealth. lf Helm is not provided with such information as it may reasonably require to meet its obligations, Helm shall be entitled to decline to provide the Services or to terminate the provision of the Services, in both cases without liability or responsibility for any loss caused.
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Trust Letter of Engagement - Helm Trust Company Limited

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