You are on page 1of 4

MEMORANDUM OF AGREEMENT

This agreement is made and entered into by and between:

____________________________________, a corporation duly organized and existing under the laws of the Philippines with business address at ____________________________________________________________represen ted by its President ________________________________________ is hereinafter referred to as the CORPORATION

And

____________________________________________ of legal age, Filipino, with residence address at______________________________________________________________, hereinafter referred to as the INVESTOR.

NOW IT IS HEREBY AGREED as follows:

WHEREAS, the CORPORATION is engaged in a diversified business enterprise such as the distribution of beverages and liquors, lending and financial assistance, construction, leasing for commercial spaces..(supply what is lacking, omit what does not belong) WHEREAS, the CORPORATION is engaged in many projects which needed investors to supply for the growing demand of its stability, the INVESTOR hereby contracts to invest for a value of One Million and Five Hundred Thousand pesos (or P 1,500,00.00) with the understanding that the INVESTOR shall have an annual dividend of six point five percent interest (or 6.5 %) as shall be paid by the CORPORATION under the terms and conditions as laid down under this contract.

TERMS AND CONDITIONS

The INVESTOR has agreed to invest a part of his share in the CORPORATION. His investment is governed by the following terms and conditions:

i.

The total value of his investment (or One Millinon and Five Hundred Thousand Pesos, P1,500,000.00) is due and demandable upon signing of this agreement. Payment may be in the form of cash or check. Check payment should be made payable to ____________________________________. Cash payment should be deposited to the assigned bank account under the account name of the CORPORATION.

ii.

The investment shall be for the period of _____________ years and shall commence on the 1st day after the signing of this contract. The investment may be renewed but subject to the approval of the CORPORATION under different terms and conditions.

iii.

The INVESTOR shall be entitled to a monthly dividend payment beginning on the 1sh month of the operation. Dividend shall be computed based on the prorated share of the INVESTOR per month which is .5 percent interest valued at ______________.

iv.

Dividend payment shall be released within ______ days after the end of each month.

v.

The face value of the investment shall earn 6.5 percent interest per annum.

vi.

The investment, upon the written request of the INVESTOR and subject to the approval of the CORPORATION, may be transferred to another party subject to the same terms and conditions.

vii.

In case of fortuitous events or in case the CORPORATION ceased its operation before the end of the investment period, the INVESTOR shall be given priority over the proceeds of liquidation of assets or claims from insurance companies or any other financial institution from which the CORPORATION has professional dealings.

LIMITATION OF INVESTOR The INVESTOR cannot exercise voting rights and other powers of control in relation to the operation of the diversified business enterprise by the CORPORATION.

THIS AGREEMENT NOT TO CONSTITUTE A PARTNERSHIP None of the provisions of this Agreement shall be deemed to constitute a partnership between the Parties and none of them shall have any authority to bind the other in any way.

NON-DISCLOSURE OF INFORMATION The Parties shall not divulge or communicate to any person or use or exploit for any purpose whatever any of the trade secrets or confidential knowledge or information or any financial or trading information relating to the other Parties and/or the Project which the relevant Party may receive or obtain as a result of entering into this Agreement. This restriction shall continue to apply after the expiration or sooner termination of this Agreement without limit in point of time but shall cease to apply to information or knowledge which may properly come into the public domain through no fault of the Party so restricted.

The foregoing resolutions shall remain valid and subsisting unless otherwise revoked or amended in writing by the Corporation and by the Investor.

IN WITNESS WHEREOF, we have signed this Agreement on this _____ day of ___________, 2013 in _________________________________.

__________________________________ _____________________________________ CORPORATION INVESTOR

WITNESSES:

___________________________________ ________________________________________

You might also like