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Essay / Memorandum of Understanding - 1319
MEMOTO OF AGREEMENTDated July 12, 2010.MR.SURIYA JUNGRUNGREANGKIT, a Thai citizen holding passport number: X782555, residing at Mo-ban far piyarom Soi 102, Pathumthani. 10110 Bangkok Thailand, (hereinafter referred to as “the Investor”) as a party to the other party. ANDMR.PHILIP POWEL carrying out its activities at .................... ...................... ., holder of passport no................................. .... (hereinafter referred to as the “Investment Manager ") as part of the other part. WHEREAS HE DECLARES THE FOLLOWING; (1) The investor is a Thai citizen whose name is Mr. Suriya Jungrungreangkit with passport number: X782555. . Who has a fund in the amount of ($21,000,000.00) (twenty-one million US dollars) to invest in profitable businesses in the United Kingdom. (2) The Investment Manager is a citizen of the United Kingdom whose name is MR.PHILIP POWELL with passport number .(.................... .............................), have the expertise and contacts necessary to place funds in private investment ventures, has agreed to undertake the investment of said funds in a safe and profitable manner. NOW, THEREFORE, in consideration of the mutual undertakings and benefits contained herein, the Partners have agreed as follows.1 INVESTMENT FUNDS { Mr. Suriya Jungrungreangkit } The Investor will make necessary arrangements to provide funds to the Investment Manager investment, which funds will hereinafter be referred to as "investment funds" and will be invested in accordance with the instructions 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 legal entity, over which he will have full control and signing powers ...... middle of paper ...... under this Memorandum of Understanding (MOU). 1 All words in the MoU are singular, must also include the plural and vice versa and gendered words must also be constructed in this MoU to include masculine and feminine gender.2 This MoU is drawn up in two (2) copies, one (1) copy of each of the two (2) parts, each of which will be considered an original, but which will all together constitute a single memorandum of understanding3. Let this agreement be knowingly and voluntarily entered into, signed and delivered between the two as mentioned below. .................................................. .................................................. ................ ..(Mr. Suriya Jungrungreangkit) (Mr. PHILIP POWELL)_________________________________________________WITNESS: MR. CARLOS ORTEGA.