MEMORANDUM OF UNDERSTANDING
Dated 12th July,2010.
MR.SURIYA JUNGRUNGREANGKIT a citizen of Thailand holding Passport Number:X782555 residing at Mo-ban far piyarom Soi 102, Pathumthani. 10110 Bangkok Thailand, (hereinafter referred to as the “Investor”) as the Party of the Other Part.
AND
MR.PHILIP POWEL carrying on business at ...........................................,holding Passport No........................... (hereinafter referred to as the “Investment Manager”) as the Party of the Other Part.
WHEREAS IT STATES AS FOLLOWS;
(1) The investor is a citizen of Thailand whose name is Mr Suriya Jungrungreangkit with Passport No:X782555. Who has the fund amounting to ( $21.000.000.00 )(Twenty One Million United State Dollars ) for investment in profitable ventures in united Kingdom.
(2) The Investment manager is a citizen of United kingdom whose name is MR.PHILIP POWELL with Passport No.(..................................),having the necessary expertise and contacts to place funds in private investment ventures, has agreed to undertake investment of the said funds in a secure and profitable manner.
NOW THEREFORE,In consideration for the mutual covenants and benefits herein contained,the partners have agreed as follows.
1 FUNDS FOR INVESTMENT
{ Mr Suriya Jungrungreangkit } The investor shall arrange to provide funds for the investment manager,which funds shall be hereinafter referred to as " investments funds" and shall be invested in accordance with the direction of the investment Manager Mr.Philip Powell.
2 { MR.PHILIP POWELL } The Investment manager may invest the funds in his own name or in the name of a corporate body, which he will have full control and signatory powers ...
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... under this Memorandum of Understanding (MOU).
1 All words in the M.O.U are singular , shall also include the plural and vice versa and words in the gender shall also be constructed in this M.O.U to include the male and female gender.
2 This M.O.U is made in two (2) copies one (1) copy each to the two(2) parties each of which shall be deemed an original, but all of which together shall constitute one and the same M.O.U.
3 That this agreement is consciously and willingly reached, signed and delivered between both as under-mentioned.
.................................................. ...................................................
(Mr Suriya Jungrungreangkit) (MR.PHILIP POWELL )
_________________________________________________
WITNESS: MR.CARLOS ORTEGA.
(g) Build on their respective rights and obligations under the Marrakesh Agreement establishing the World Trade Organization and other multilateral and bilateral instruments of cooperation.
In consideration of the promises and other good and valuable consideration the parties agree as follows:
... Capital, Corporation Finance and the Theory of Investment", The American Economic Review, vol. 48, no. 3, pp. 261-297.
...t capable of loaning funds from their accounts. In addition to this, there are limited selections pertaining to this investment option. The participant that is contributed by a participant should not exceed $11,500 dollars as well. The entire system is not complicated which makes it ideal for everyone. It is even considered one of the best features it possesses. Yet, the liabilities are usually shared by both parties. With this option, both the employer and employee could enjoy the same perks and benefits.
According to ss700-741 CA, fundraising provisions apply when a company seek to raise funds by issuing securities. CA requires to provide adequate disclosing information in prospectus. The prospectus’ intention is that provide protection to normal general investor without special skill and knowledge. In this case, shareholders are willing to invest the Mountain Mist Ltd (MML) because Majid Ting is an expert who can give professional advice.
http://www. aegis.com/news/ads/2005/AD051191.html. [Accessed March 24, 2000]. 12. What is the difference between a.. McNeill PM.
(b) the other party does make the contract in the course of a business; and
This paper will serve as a discussion on the topic of investment banking. In this paper the author includes various articles and thoughts that help to understand the background and principle of investment banking. This discourse will attempt to address this issue through explaining what investment banking is, introducing major investment bankers, and how investment banking affects our globally economy. Investment Banking Defined Investopedia (2008) stated this definition about investment banking, “A specific division of banking related to the creation of capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations.
William Sharpe, Gordon J. Alexander, Jeffrey W Bailey. Investments. Prentice Hall; 6 edition, October 20, 1998
Explain why it is important to have an intention to create legal relations when making a contract and why is consideration of the parties to the agreement necessary-:
The English contract Offer and Acceptance General principles There are three basic essentials to the creation of a contract which will be recognised and enforced by the courts. These are: contractual intention, agreement and consideration. The Definition of an Offer. This is an expression of willingness to contract made with the intention (actual or apparent) that it shall become binding on the offeror as soon as the person to whom it is addressed accepts it. An offer can be made to one person or a group of persons, or to the world at large.
One of the key areas of long-term decision-making that firms must tackle is that of investment - the need to commit funds by purchasing land, buildings, machinery, etc., in anticipation of being able to earn an income greater than the funds committed. In order to handle these decisions, firms have to make an assessment of the size of the outflows and inflows of funds, the lifespan of the investment, the degree of risk attached and the cost of obtaining funds.
Formalities – if formalities are prescribed for the formation of the contract , they must be observed.
He has a rich experience over 20 years in distributing Financial Services and consumer durables. He has joined Bajaj from American Express, were he worked in various positions in their personal loans and consumer card business for over 9 years. He deals with the unsecured business and personal loans of Bajaj Finserv Lending.
I dealt with strategy and financial matters for our virtual enterprise, while my colleagues were working on marketing and manufacturing. During the four months of the exercise, I have experienced finance from various aspects: capital budgeting, through selecting favorable investments for upcoming quarters; debt management, by assessing the necessary amount and efficiency of loans; profitability analysis and dividend policy, which have been used to compile the company’s general performance index. Working in a multinational team, which included an American, a Norwegian and a Moldovan, strengthened my negotiation skills, as well as flexibility and cooperation. But above all, this experience intensified my passion for finance. Of course, a pleasant bonus was the fact that, in the end, our company’s financial performance was six times the performance of the second-best team.