A copy of the Master Escrow Agreement dated 9th September 2004 between CASE & The Hongkong and Shanghai Banking Corporation Limited (HSBC) entered into by West Business School Holdings Pte Ltd is attached.

The Master Escrow Agreement sets out, inter alia, the details upon which West Business School Holdings Pte Ltd shall establish an escrow account with The Hongkong and Shanghai Banking Corporation (HSBC) (“Escrow Account” with the Escrow Bank) for the purpose of receiving payments of the Student’s Tuition Fees and the circumstances in which the amounts in the Escrow Account shall be payable to West Business School Holdings Pte Ltd and/or the student.

West Business School Holdings Pte Ltd and the Student shall agree that:

1.
the Student shall execute a student escrow confirmation in a form acceptable to the Escrow Bank (the “Student Escrow Confirmation”) within fourteen (14) days of the date of this Agreement and deliver a copy of the same to the Escrow Bank within three (3) business days of it being so executed;
2.
West Business School Holdings Pte Ltd shall issue payment vouchers, not less than thirty (30) days prior to the Commencement Date, to the Student in accordance with the terms of the Master Escrow Agreement and the Student shall submit such payment vouchers together with any payment made under (3) below; and
3.
the Student shall pay the Tuition Fees directly into the Escrow Account on or before the dates specified in Schedule 2 in the Standard Student Contract.

No double Claim : For the avoidance of doubt, if the Student and/or his/her parent/guardian receives any payment from West Business School Holdings Pte Ltd or the Escrow Bank pursuant to a provision of this Agreement or the Master Escrow Agreement in respect of any matter or damage, then the Student and his/her parent/guardian shall not be entitled to claim against West Business School Holdings Pte Ltd or the Escrow Bank for the same payment in respect of the same matter or damage pursuant to any other provision of the Master Escrow Agreement.

Download Form of Student Escrow Confirmation