The proposed Investments are of a private and confidential nature and
therefore the parties actually conducting the investment purpose
transaction, 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 the FIRST PARTY such
confidential information shall only be divulged to the SECOND PARTY.
The SECOND PARTY hereby agrees that He will pay professional fees to
the FIRST PARTY at the rate of Five percent (5%) of the total
sum(US$15Million)for his financial reward, commitment and willingness
to undertake the control of the JVC and business funds on behalf of
the SECOND PARTY.
The FIRST PARTY has the full right to deduct the said (5%) from the
capital amount once he confirmed the total amount of $15,000,000
(fifteen million US Dollars) or such other amount that is actually
transferred into the JVC bank account.
The FIRST PARTY must endeavor to send to the SECOND PARTY Progress and
Financial reports on a monthly basis and audited report on yearly
basis.
The SECOND PARTY hereby agreed the remaining sum shall remain in the
custody of the FIRST PARTY for the purpose of all other Investments in
direction of the FIRST PARTY and under the principle of utmost good