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MEMORANDUM OF AGREEMENT BETWEEN (Fund Manager)Citizen of (The Fund Manager & Trustee/Second Party) And Mr. Sami Hafez Anan Citizen of Egypt(The investor/First Party) Represented By Mrs. Munira Mustafa Al-Qadi)(Relationship: Wife) Citizen of EgyptTwo parties have decided to co-operate in order to execute a mutuallybeneficial business transaction. In pursuance of this activity, the followingAgreement is reached between the two parties. (Section One (1): Agreement Background) This investment plan will cover a period of Ten Years (10Yrs) in the UnitedStates of America. The investor has mandated the Fund Manager, and residing in , to invest the sum ofUS18,000,000.00 – Eighteen Million US Dollars),hereinafter referred to asThe Fund on behalf of the Investor and his family.2. The investor Mr. Sami Hafez Anan, having entrusted the total sum ofUS$18,000,000.00 (The fund) for the purpose of overseas investment,has sought the assistance of the Fund Manager to make the overseasinvestments. 3. The investor has granted the Fund Manager Power of Attorney and Sole Beneficiary status. CERTIFIED
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4. The Fund Manager has agreed to provide his competency and time andmaterials for the successful execution of this transaction. The FundManager will utilize his full resources when necesary in carrying outhis duties. The Fund herein refers to the principal sum ofUS$18,000,000.00 less the cost/expenses that may be incurred until thesafe deposit of the Fund into the bank accounts provided by the FundManager. 5. The Fund Manager shall provide an investment financial account wherethe Investor’s funds are wire transferred in any country of his choice.6. The Fund Manager shall make all efforts to maintain the Fund value atreasonable percentage of the original investment amount (Section 1. No.1.)7. The Fund Manger will establish a cash disbursement program for theInvestor when necessary. 8. The Fund Manager, in conjunction with the Investor, will provide fulldocumentation of the transaction.9. The Investor shall reserve the right to rescind this Agreement in theevent that, in the course of the Fund Manager’s investment pursuits, theFund Manager makes decisions that are deemed careless andirresponsible thereby creating a loss due to such carelessness.10. In the case of poor health of the Investor, the Investor may appoint asurrogate partner.11. Should a dispute arise between the Investor and the Fund Manager, anArbitration Panel of five persons (mutually agreed to by both parties) shallbe called upon to listen to both sides and their majority opinion shall bebinding. CERTIFIED
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NOW IT IS HEREBY AGREED AS FOLLOWS: Section Two (2): Modalities Service Charge: A service charge of 30% percent of the total funds investedwill be paid to the Fund Manager from the Fund (Section1. No. 1.).These areUS$5,400,000.00 –Five Million Four Hundred Thousand US Dollars.However, the Fund Manager shall not be responsible for the devaluation of thefunds resulting from acts beyond reasonable control. Such acts shall include,but not be limited to, the economic recession/depression or stock crises,inflation or deflation, acts of God, strikes, walkouts, riots, acts of war,epidemic, failure of suppliers to perform, government regulations, powerfailure, earthquakes or other disasters.The Investor shall, at the end of Ten Years, have the right to renew the FundManager’s duties and instruct the Fund Manager as to his requirements ifnecessary.This agreement shall be governed by and enforced in accordance with theFinancial Laws of The Country Where The Investment is Situated.The Fund Manager shall not be responsible for the origin of the Fund either fornow or forever. 1. ConfidentialityAll information and document conveyed by one party to other partyhereto during negotiations of this Agreement, before entering into thisAgreement and any time thereafter, shall be deemed to be confidentialand shall not be disclosed to any party without obtaining the priorwritten approval of the other party. The parties shall take all such stepsas are necessary to ensure that their respective directors, employees,officers and any other persons to whom the above mentionedinformation is disclosed are bound by these covenants. The obligations
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of confidentiality shall not apply to any information that:(a). Was known to the party prior to the disclosure by thedisclosing party without any obligation of confidentiality;(b). Has become generally available to the public (other thandue to the disclosure by the receiving party); or(c). May be required to comply with law, order, regulation orruling application to any party hereto.2.. Binding EffectThis Agreement shall be binding upon and inure to the benefit of theparties hereto and their respective heirs, personal representatives,executors, administrators, successors and assigns and shall supersede allprevious discussion, document, undertaking, understanding andagreement.3.Amendments Except to the extent and in the manner specified in this Agreement, any modification or amendment of any provision of this Agreement must bein writing and duly executed by the parties and/or their authorizedrepresentatives.4.NoticesAny notice, demand or communication required to be given by eitherparty to the other shall be given by registered mail, telefax or email: Any such notice, demand or communication shall be deemed to havebeen duly served (if given or made by e-mail or telefax) immediately or(if given or made by registered letter) 48 hours after posting and inmaking proof of posting, it shall be sufficient to show that the envelopcontaining the same was duly addressed, stamped and posted.5.MiscellaneousFailure of either party hereto to insist upon strict compliance with any of
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the terms, covenants and conditions hereof shall not be deemed a waiveror relinquishment of such right or power hereunder at any subsequenttime.The title of the Clauses herein are for convenience of reference only andare not to be considered in construing this Agreement.This Agreement contains all of the terms that bind the parties withrespect to the subject matter hereof and supersedes all Agreement andunderstandings between the parties concerning the subjects matterhereof. Modifications must be made by written amendment, signed byboth parties.The above preamble shall be considered as an integral part of thisAgreement. All clauses, annexures and appendix to this Agreement shall form anintegral part of this Agreement. Section Three (3): Remunerations In addition to the service charge of 30% above, upon transferring the totalfunds from any of their correspondent bank, the Investor guarantees toreimburse the Fund Manager in the course of the business, and even in theunlikely event that this Agreement fails or is delayed at any stage the initiatorpersonally guarantees to reimburse the Fund Manager all the expenses andlosses that the Fund Manager incurred from the contact of the Investor e.g.(including, but not limited to,his telephone bills, travel, hotel accommodation,etc.) to the Fund Manager immediately. Section Three (3): Disputes Governing Law. This Agreement is governed by and interpreted according tothe Financial Laws of The Country Where The Investment is Situated, and theparties hereby agree to submit to the jurisdiction of the courts of the FinancialLaws of The Country Where The Investment is Situated in connection with anydisputes arising hereunder.
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1. Effective Date This Agreement has a 12 Month Moratorium ( Grace Period), and naturallycomes into effect from the date the Investment Fund is credited into thedesignated bank account of the fund Manager and confirmed received by thefund Manager. 2.. Effect of TerminationIf this Agreement shall be terminated as provided above, all obligationsof the parties hereunder shall terminate without liability of either party tothe other. In the event that this Agreement is so terminated, each partywill return all papers, documents, financial statements and otherdocuments furnished to it by or with respect to each other party to suchother party. The above text is clearly interpreted to and understood by the agreeing parties,and having a clear picture of the provisions append their signatures.SIGNED, this 23rd day of February, 2019BY THE INVESTOR’S REPRESENTATIVE:Name: Mrs. Munira Mustafa Al-qadi Sign ______BY THE FUND MANAGER: Name : Sign _____________________Date and year
by Wayne » Sat Feb 16, 2019 10:57 pm 
