Eagle Worldwide Inc.(fka ELWD)

[overachiever]

Read that very carefully. It more or less instructs you to lie to the IRS and tells you that if they take your money, your only recourse is to take them to arbitration in Panama and that they get to pick the arbitration panel. You could be sitting in front of Pedro accusing him of taking your money and he could be the judge who decides if it is true or not. Agreeing to that TOS is the same as saying, "Hey take my wallet" I don't need the money anyway.

I would never sign an agreement like that. lol @ them for trying to push that off on people.

As the underlying assets that are represented by PDR's will be held in the name of, and legally-owned by, the Foundation, I am neither required to pay taxes nor disclose beneficial ownership of such assets to any regulatory body, for the duration that they are held by the Foundation. However, I agree that I am responsible to pay any and all applicable federal, state and/or local taxes, upon removing any assets from the protection of the Foundation...

Choice of Law and Venue
I understand that this Agreement will be deemed to have been made in Panama City, Panama, and will be construed, and the rights and liabilities of the parties determined, in accordance with the laws of Panama. I agree that it is up to the sole discretion of the PDR Exchange to assign any legal or non-legal challenge or disagreement that I may have with the PDR Exchange to an arbitration panel, selected by the PDR Exchange, for review and out-of-court settlement, with all meetings to take place in Panama City, Panama, unless otherwise specified by the PDR Exchange. If it is concluded that the case must be taken to court, I agree that the venue will be Panama City, Panama, under the laws of Panama, and that I will be responsible for any and all costs or fees that have been addressed in, or result from any violation of, this Agreement.