Scribd Logo
Upload

Welcome to Scribd!

  • 24 views

    Mou Said Mohamed Ibrahim El-Fakhrani

    Uploaded by

    Emeka Amaliri
    This memorandum of understanding outlines an agreement between Mr. Dan Etete, a citizen of Ghana, referred to as "The Investor" and Mr. Said Mohamed Ibrahim El-Fakhrani, a citizen of Egypt, referred to as "The Consultant". The Investor has $75 million that he wishes to invest through the Consultant. The Consultant agrees to assist in investing the funds in real estate and other investments at his discretion. The memorandum details the responsibilities of each party, fees, profit sharing, representations, duration of 10 years, terms for termination, and confidentiality under International Chamber of Commerce rules.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Mou Said Mohamed Ibrahim El-Fakhrani

    Uploaded by

    Emeka Amaliri
    24 views3 pages
    This memorandum of understanding outlines an agreement between Mr. Dan Etete, a citizen of Ghana, referred to as "The Investor" and Mr. Said Mohamed Ibrahim El-Fakhrani, a citizen of Egypt, referred to as "The Consultant". The Investor has $75 million that he wishes to invest through the Consultant. The Consultant agrees to assist in investing the funds in real estate and other investments at his discretion. The memorandum details the responsibilities of each party, fees, profit sharing, representations, duration of 10 years, terms for termination, and confidentiality under International Chamber of Commerce rules.

    Original Title

    MOU SAID MOHAMED IBRAHIM EL-FAKHRANI

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This memorandum of understanding outlines an agreement between Mr. Dan Etete, a citizen of Ghana, referred to as "The Investor" and Mr. Said Mohamed Ibrahim El-Fakhrani, a citizen of Egypt, referred to as "The Consultant". The Investor has $75 million that he wishes to invest through the Consultant. The Consultant agrees to assist in investing the funds in real estate and other investments at his discretion. The memorandum details the responsibilities of each party, fees, profit sharing, representations, duration of 10 years, terms for termination, and confidentiality under International Chamber of Commerce rules.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    24 views3 pages

    Mou Said Mohamed Ibrahim El-Fakhrani

    Uploaded by

    Emeka Amaliri
    This memorandum of understanding outlines an agreement between Mr. Dan Etete, a citizen of Ghana, referred to as "The Investor" and Mr. Said Mohamed Ibrahim El-Fakhrani, a citizen of Egypt, referred to as "The Consultant". The Investor has $75 million that he wishes to invest through the Consultant. The Consultant agrees to assist in investing the funds in real estate and other investments at his discretion. The memorandum details the responsibilities of each party, fees, profit sharing, representations, duration of 10 years, terms for termination, and confidentiality under International Chamber of Commerce rules.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    MEMORANDUM OF UNDERSTANDING

    Preamble: This memorandum of understanding is hereby agreed upon and


    entered into by Mr. Dan Etete, A citizen of Ghana

    Herein after referred to as “The Investor”.

    AND

    Mr.Said Mohamed Ibrahim El-Fakhrani, a citizen of Egypt


    Herein after referred to as “The Consultant”.

    Whereas The Investor has a deposit containing the sum of USD75, 000,000.00
    (Seventy Five Million, United States Dollars) which he has declared to legally be at his
    disposal and under his power to administer and appropriate as he may deem fit.

    Whereas The Investor has also declared that the said fund in deposit is of legally sound origin and
    not proceed of illegal, drug or terrorism related origin or purpose And whereas he is trusting the
    Consultant and desires to obtain his assistance for the purpose of investment of funds.

    And whereas the Consultant has accepted to receive the funds for investments in:

    i. Mid-term investments in Real Estate.


    ii. Any other investments as per the sole discretion of The Consultant.

    And whereas “The Investor” and “The Consultant" have agreed as under:

    Article 1. The Preamble set forth above constitute an integral part of this Agreement At all times

    and considered a fundamental condition to execute the Agreement.

    Article 2. Transfer of Funds: The Investor will transfer the money mentioned above to the
    Consultant or any other nominees presented by the Consultant.

    Article 3. Responsibilities:

    A. The Consultant shall:

    i. Assist Investor for the purpose of Investing the above mentioned funds USD75, 000,000.00
    (Seventy Five Million, United States Dollars) in the business development as mentioned
    in the Preamble of this agreement.

    ii. Providing details of the investment opportunities to the Investor for his information
    and confirmation before executing the transactions.

    B. The Investor shall:


    i. Provide the Consultant with general outlines of the proposed investments intended
    and any properties to be purchased.
    ii. Make the funds USD75, 000,000.00 (Seventy Million, United States Dollars) available
    to the Consultant for the investments as mentioned.
    iii. Provide all necessary legal documentation for Consultant to receive funds.

    Article 3. Commissions and Expenses:

    i. Transfer Fee: The Consultant will charge 2% of the total funds transferred to the
    Consultants account as transfer fee.
    ii. Taxes: The Consultant will be authorized to pay any and all of the taxes levied in any
    shape when-ever and where-ever on the deal. Such fees paid shall be deducted from the
    transferred amount during settlement and payment of titles from the principal amount.

    iii. Business Commissions: The net profit resulting from the trade/investments (mentioned
    above) will be distributed between both parties on a 40/60% basis (60 for the investor).

    Article 4. Representations and Warranties


    A. Of Consultant to Investor:

    i. Once funds have been received by Consultant and deposited into Consultant's nominated
    Trust account, the Consultant would have full authority and control over the funds.
    ii. The Consultant will keep genuine communications with the Investor as and when
    required and also on monthly, quarterly, bi-annual and annual basis by proper
    accounting reporting systems.

    B. Of Investor to the Consultant:


    i. The source of these funds to be utilized, derived, transferred will always be valid and
    legitimate funds for the purpose of conducting business opportunities.
    ii. This Agreement constitutes a legal, valid binding obligation of the Investor enforceable
    against it in accordance with its terms and conditions.

    Article 5. Duration of this MOU:


    i. This MOU is signed for a period of Ten (10) years from the date of effectiveness of this MOU.
    MOU will be effective the date the funds are transferred to The Consultant’s nominated
    account after signing and legalization of this MOU. This MOU can be renewed for any further
    periods by the mutual consent of the "Investor" and the "Consultant" accordingly.

    ii. In case of death or permanent disability of any of the parties involved in this
    agreement, the agreement will automatically be transferred to the legal heirs of the
    affected party. The list of legal heirs will be sent in writing by each party to this MOU.

    Article 6. Termination of the Agreement: This agreement can be terminated by any party giving
    an advanced notice of six months to the other party. In such a case all steps will be taken
    that no party gets any losses whatsoever accordingly.
    Article 7. Confidentiality: This agreement is confidential and is governed by the rules of
    International Chamber of Commerce, Paris, France.

    Article 8: General: The Consultant shall be bound by all international and municipal
    regulations, laws and standards of accountability and probity aimed at establishing and
    ensuring transparency of operations and The Consultant shall also be obliged to confer
    with, and inform the investor before making any major decision as affecting the said funds.
    That The Consultant shall perform all acts and duties in this regard in the spirit of
    fairness, goodwill and uprightness looking upon the countenance of justice and equity.

    We the above mentioned do hereby attest to the herein stated terms and articles of our
    understanding, and do promise to confirm and abide by all the terms herein defined and do
    hereby place our seals and sign this day of 5th Day of March, in the year 2016.

    The Investor: Mr. Dan Etete ______________________________

    The Consultant: Mr.Said Mohamed Ibrahim El-Fakrani _______________________

    You might also like