APPENDIX TO THE DISCRETIONARY ASSETS MANAGEMENT AGREEMENT
1. Mr.James J. Dean. Address: 5TH Floor, 17 Belgrave Road ,London SW1V .United Kingdom (The Instructing Party) .
AND
2. (The Proxy Holder)
Hereby agree as follows:
Pursuant to the Discretionary Assets Management Agreement entered into by the above Parties on Monday 5th January, 2015.
The Instructing Party opts for a PERSONAL STRATEGY as specified by him in the following terms:
The initial value of the Asset is US$7,000,000.00 (Seven Million United States Dollar only). The Agreement and all information related to it shall be kept strictly confidential.
a) An investment base from the instructing party to Proxy Holder is the confirmed amount stated above.
b) The investment amount by Instructing Party is 70% of the investment base.
c) The Proxy Holder shall have 30% of the value as a commission for consultation, investment and management and for other unforeseen miscellaneous expenses of any kind, and the same percentage of the profit realized in the investment portfolio.
d) The Proxy Holder will keep the assets under review, paying special attention to the political, social, financial and economic situation prevailing in the countries selected and of the specific request from the Instructing Party as to management of the Assets specified in this agreement.
e) The Proxy Holder shall initiate and carry out any and all transaction, which he considers appropriate according to his own professional judgment subject to confirmation by the Instructing Party. Such transaction however, shall be bordering on the purchase of either real estate, landed property, manufacturing industries, shares, stocks, bonds, company franchises and in other financial investment opportunities. The power of the Proxy Holder is validly established by means of a Power of Attorney, issued by the Instructing Party in favor of the Proxy Holder.
f) The Proxy Holder shall be required to exercise due care and diligent in selecting investments opportunities and to avoid capital loses to the assets, fluctuating returns and negative consequences arising from the faulty or inordinate investments assumptions. Provided the Proxy Holder shall not be held responsible for any consequences out of force majored namely, Warfare, Riots, Measures adopted by authorities or changes in legislation in host countries or abroad.
g) The present agreement is entered into for an indefinite period and its governed by international law. Nevertheless either party may at any time decide to terminate it. Any such decision must be communicated to the other Party by means of facsimile and Email and will become effective three months after the dispatch of the letter provided that all outstanding can be wind up within that period.
By virtue of the Discretionary Power of Attorney granted by the Instructing Party, The Proxy Holder shall exercise unfettered discretion as to the nature and value of every transaction and as to the terms and conditions of same, provided such discretionary power judicious and to the interest of the Assets.
The currency of reference for the asset under management is in the United State Dollars.
Executed in duplicate in UNITED KINGDOM on ……….of …… ……….2015.
INSTRUCTING PARTY SIGN PROXY HOLDER SIGN
Mr. James J .Dean
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