MEMORANDUM OF UNDERSTANDING (MOU)
Made this day 14th of March 2014 between Mr. Phillip Morris
of Plot 6/8 Osu Castle
Lane Accra Ghana (hereinafier called the trustier) which
expression shall wherever the
context admits includes her heir's administrator etc on the
part.
And Cv. Lily Amelia Puni of address-Jl. G.Tlg Vl C Perurn
Malhoro Indah Residence
No IA Denpasar - Bali Indonesia---» (hereinafier called the
trustee) which expression
shall wherever the context admits includes her heir’s
administrators etc on the second
parts.
Whereas: the trusties intend to transfer a Twelve Million
Five Thousand United States
Dollars (US$l 2.5M) only to the trustee for investment
purpose. The said sum of money
arose therein as proceeds fi-om various contracts executed
time by the transfer-or.
The said fimd shall be used for investment purpose on behalf
ofthe tmstier in any
agreeable part of world. _
mt cv. Lily Amelia mm has agreeidto act as the mm for the
saidfund upon transfer
and has fiarther agreed to take only 30% of the lfll/fll‘fill1d
as remuneration which exclude
all expenses that may be incurred by both parties during and
alter the transfer.
Thetrusteetakes60%ofthetotal fimd and 10% is forexpenses.
A copy of this (MOU) duly sign by each part shall be
acceptable and legally binding to
both parties.
The transferee shall not relentin his effort to act a
truthfirl trustee equitable and remedies
attached thereto.
NOW IS THE MEMORANDUM OF UNDERSTANDING WITNESS as follows:
That in the pursuance of the said tranfer and in
consideration of the percentage agreed
upon by the parties as stated in the recital above the
transferee thereafter agreed to act
uusteeGuarantorsuray forth: said
sumofmoneyupouthetransferuntil suchatime
wbenthepartiesmeettodisbursethesaid aflerdcduction
ofallrelevant incurred
expenses.
IN WITNESS THEREOF, the ponies hereto have agreed to sign
thus:
SIGNEDANDSEALEDandDELIVEREDbytbewithinmmed:
TRUSTIER: Mr. Philliq Morris
Gwfw lg/84% L
SI AND SEALED D by the within named:
TRUSTEE: CV. Lily Amelia Putri Director is Mr. Holilik
J