CONTROL AND SECURITY OF FUNDS:
{A} THE SECOND PARTY SHALL ALWAYS MAINTAIN THE BUSINESS FUNDS IN A DESIGNATED BANK ACCOUNT IN HIS NAME, OR IN THE NAME OF HIS COMPANY.
{B} IN ORDER TO ENABLE THE SECOND PARTY TO SELECT THE MOST SUITABLE INVESTMENT VENTURE AND TO COMMIT FUNDS TO FACILITATE PROFITABLE INVESTMENT TRANSACTIONS, THE SECOND PARTY SHALL HAVE CONTROL OF THE INVESTMENT FUND ONCE IT IS TRANSFERRED TO EGYPT BY THE FIRST PARTY.
INVESTMENT RATIO:
{A} THE FIRST PARTY HEREBY AGREES TO STAKE THE SECOND PARTY AT THE RATIO OF 15% SHARE OF THE ACCRUING PROFITS CORRESPONDING FROM THE INVESTMENT THAT WILL BE UNDERTAKING BY THE SECOND PARTY.
{B} THE SECOND PARTY UNDER THE PRINCIPLES OF UTMOST GOOD FAITH AND TRUST HEREBY PROMISE TO ABIDE BY THE PROFIT SHARING RATIO AS STATED ABOVE.
{C} BOTH PARTIES SHOULD ALWAYS STAND AS EACH OTHER'S KEEPER. IN OTHER WORDS, RENDER AID IF NEED BE WITHIN THE PARAMETERS OF THIS PARTNERSHIP
INVESTMENT VENTURES.
{A} THE SECOND PARTY IS FULLY EMPOWERED TO IDENTIFY INVESTMENTS TO BE MADE WITH THE INVESTMENT FUNDS.
{B} THE PROPOSED INVESTMENT VENTURE ARE OF PRIVATE AND CONFIDENTIAL NATURE AND THEREFORE THE PARTIES ACTUALLY CONDUCTING THE INVESTMENT PURPOSE TRANSACTIONS, THE BANK WHICH WILL BE HOLDING FUNDS FOR SUCH INVESTMENT PURPOSE AND ALL OTHER DETAILS OF THE INVESTMENT TRANSACTIONS SHALL REMAIN CONFIDENTIAL AND PROPRIETARY TO BOTH PARTIES
TRANSACTION
{A} THE FIRST PARTY ALSO REFERRED TO AS THE INVESTOR, WILL TRANSFER BUSINESS FUNDS TO THE BANK ACCOUNT PROVIDED BY THE SECOND PARTY IN THE MANNER STATED IN THE FUNDS FOR INVESTMENT SECTION OF THIS MOU.
EXECUTION OF THE MOU: