EXHIBIT B
This Joint-Venture Agreement, hereinafter referred to as the Agreement, is made and entered
into this 22 day of May, 2017 by and between:
Mr. Hernan Mol ina, Venezuela bond owner, Passport No: AN855519 with registered address at:
Bogota, Car 20 No 106a ~ 65 Office 302 Building Navarra, Cundinamarca 110711 as being the
entity that brings forward the Venezuela Bond, with full legal authority to sign this Agreement,
hereinafter referred to as Collateral Provider, denominated “Party A”
And
ALDAIR CAPITAL (M) SDN. BHD., represented by Ahmad Rahman, Malaysian Passport
Number A40086064, Senior Director, with registered office address at Suite 1602A, Plaza
Pengkalan, JIn Tiong off Jin Ipoh, 51200 Kuala Lumpur, Malaysia, hereinafter referred to as
“Associate Lender/Credit Line Provider”, denominated “Party B”.
WHEREAS;
The Parties intend to enter into this Partnership Agreement withyshe purpose of jointly
participating in a secured private placement legal investment to be out by’Party B. The
Parties intend to participate in Structured Financial Programs, Private Placement Trade
Platforms, other Investment Vehicles and Special Purpose Buy/Sell Programs in order to provide
funds for humanitarian projects.
Party A is an experienced investor who has the expertise and legal access to cash funds and
monetary instruments to provide Proof of Funds and Release of Funds for approved
Transactions, and is ready to issue the bank instrument.
Party B has the benefit of certain relationships with Cash Asset Leased Platform and Trade
Platforms who have the ability to provide Transactions, Structured Financial Programs, and
Private Placement Trade Platforms.
NOW THEREFORE, in consideration of the premises, representations, warranties, undertakings
and mutual covenants hereinafter set out, and other good and valuable considerations, the receipt
and sufficiency of which is hereby acknowledged, the PARTIES decide herewith joining their
individual forces and efforts and do agree to use the Venezuela Bond (Bolivar Bond) issued by
the Government of the Republic of Venezuela, with the face value Two Hundred Fifty Million
United States Dollar (USD 250,000,000.00) to be provided by Party A:
Party A Page 1 of 13 Party B
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DESCRIPTION OF THE INSTRUMENT;
Instrument i Bolivar Bond USP17625AC16
Delivery Bank Name: Euroclear Bank, Brussels
Amount in words: ‘Two Hundred Fifty Million
Amount in letters : 250,000,000
Currency : United States Dollar
Beneficiary Name: Luanda Aldair Capital, LLC
Duration : 1 year and 1 day
Delivery : Euroclear (Free Delivery)
JOINT VENTURE OBLIGATIONS
The Joint Venture undertakes to use the Bolivar Bond only and exclusively as a collateral
instrument.
‘The Joint Venture undertakes to invest the credit facility (loan funds) into an agreed
Private Placement Investment Program.
Parties agree to provide appropriate Resolution Board of Directors upon other party
‘request for the purpose of finalizing the banking task or banking requirement and/or for
Private Placement Program requirement.
Party B is responsible for the introduction of an appropriate Private Placement Program.
Party B is also empowered to sign for the trading contract with the Traders/Trading
Group.
TERM AND PROCEDURE:
Upon Party A and Party B signed by way of electronic signature this Joint-Venture
Agreement becomes binding and enforceable.
Within 2 banking days upon execution of this agreement Party A shall instruct Party A
delivery bank to deliver the Bolivar Bond via Euroclear (Free Delivery) to Party B
designated banking coordinates as follows:
Bank Name: Euroclear Bank SA/NV
Depositary code: 88
SWIFT/BIC: MGTCBEBEEO1
Forthe Account of: National Financial Services, LLC
Euroclear number: 92961
SWIFT/BIC: NFSCUS3B
Forthe Benefit of: Beneficiary name: Luanda Aldair Capital, LLC
Beneficiary number: 250561703
Within 7 banking days upon successful reception of the said Euroclear delivery, Party B
associate lender shall disburse the loan amount equivalent to Fifty per cent (50%) of the
face value of the Bolivar Bond to Party B banking coordinates. Upon receipt, Party B
shall immediately pay the advance operational fees of 2% as per Irrevocable Master Fee
Protection Agreement in Exhibit 1a,
Within 24 hours upon receipt of the loan finds, Party B shall submit documentations for
entrance in the trade program. Upon acceptance, Party B shall sign the trade agreement.
Party A Page 2 of 13 Party B42
8.2
Party A Page 3 of 13 Party B
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EXHIBIT B
PRIVATE PLACEMENT INVESTMENTS PROGRAM
Within 24 hours upon execution of the trade agreement, Party B shall instruct Party B's
bank to transmit THE BLOCKING OF CASH FUNDS via SWIFT MT799 and/or
SWIFT M1760 in favour of the trading platform.
Trading shall commence daily from Monday to Friday and profits from trade is one
hundred per cent (100%) per week, payable at the end of each trading week. The net
profits of the Investment Program obtained by the Joint Venture, less with-holding for the
Fepayment of the leased funds, shall be divided as follows:
Party A 50%
Party B 30%
Intermediaries 10% (to be distributed as per Exhibit 1b)
‘Trade Program Manager 10%
asoe
‘CANCELLATION OF AGREEMENT
Failure of Party B associate lender to disburse the loan funds and consultancy fees within
21 banking days, shall cause this Agreement be cancelled and that the Bolivar Bond
assigned to Party B shall be deemed null and void, Party A shall instruct his bank to call
back the Bolivar Bond. Failure to comply with, a report shall be lodged to the Federal
Reserve for a breach of contract.
A the end of the trading period Party B undertakes to retum the Bolivar Bond to Party A
free of any liabilities or obligations and unencumbered.
DURATION:
This agreement is irrevocable and unconditional and shall endure for a continuous period
of one year and one month from the date of signing hereof by the undersigned and may
bbe renewed by both parties,
This agreement can be terminated with 60 days prior written notice without prejudice to
the rightful claims for damages of either of the party who is not at fault.
CLAUSES :
There will be no contact by either party to either bank without expressed written
permission. Either Party may change banking coordinates with written notice to the other
party.
This is a private transaction and as such shall not be interpreted as a securities transaction
as interpreted or described in The United States Securities Act of 1934 as amended or by
the laws of any other country.
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8.3 The Non-Circumvention, Non-Disclosure and Non Solicitation rules as establi
ICC Publications - 400 and 500, latest edition or revision will also
agreement and will continue to remain in force for a period of five (5) years
expiry of this agreement, \\
8.4 — The PARTIES warrants that the instruments are available under the terms and bondi
of this document. Facsimile copies of this document shall be considered legally ‘binfdiz
as though they were originals and copies signed at various times and locales will B
considered as one document, legally binding. Information contained herein, including
banking coordinates shall be kept strictly confidential and is not to be reproduced or used
in any manner whatsoever other than in ‘connection with the execution of this transaction,
8.5 The PARTIES, in the event of a dispute conceming any aspect of the transaction,
including breach of contract or claim of breach thereof, the parties agree to have the
matter arbitrated under the International Chamber of Commerce (ICC) rules of
conciliation and arbitration.
8.6 PARTIES confirm that each is fully empowered, legally qualified, and duly authorized to
execute and deliver this document, and to be bound by its terms and conditions, Facsimile
Copies and signatures will be considered to be as legally binding as originals,
This Agreement shall be accepted to be legal and binding by both Parties if executed and
transmitted electronically by e-mail and/or fax direct to the Parties concemed and the
intermediaries at the addresses and/or numbers contained within this Agreement
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written x
above.
3
For and on behalf of: Ki
Party A: Party B: 9
HERNAN MOLINA. ALDAIR CAPITAL (M) SDN BHD 4
Cae :
Name: HERNAN MOLINA Name: AHMAD RAHMAN :
Designation: Designation: Senior Director I
Passport No.: AN855519 Passport No.: A40086064 ‘
NOTARIZED: NOTARIZED: sc
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Party A Page 4 of 13 Party BJOINT-VENTURE AND PROFIT SHARING m7 nN
uk a
TRANSACTION CODE: ALDAIR-BOLIVARB/ US922646BE32
EXHIBIT B
EXHIBIT 1a
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
FRREVOCABLE MASTER FEE PROTECTION AGREEMENT
This Agreement is an Irrevocable Master Fee Protection (Cash Asset
Leased Program) and Pay Order Agreement. Under this Join Venture
Investment Agreement for the purpose of entering into private
placement trading transactions, this IMFPA/PO constitutes an
Irrevocable and Unconditional Guarantee to pay fees in compliance with
the terms hereof for any and all transactions or tranches that are
completed pursuant to the transaction identified by the above
REFERENCE CODE.
Both PARTY A and the PARTY B agree that the agents are entitled to 1%
(One percent) of total amount of the Bolivar Bond, rollover and
extensions consultancy fees. These consultancy fees will be shared as
specified here below.
The parties agree that the consultancy fees stated are compensation
for services rendered and are irrevocably and unconditionally
guaranteed to be paid by the Paymaster to the agents and
intermediaries listed in this IMFPA by wire transfer. The consultancy
fees will be free of legal impediment and free of any deductions,
excluding bank transfer fees for this and all subsequent transactions
between the parties.
In consideration of the mutual benefits to be derived by the
associates on affiliated individuals, agents, companies, designees,
trustees or executors, it is understood and agreed that the parties
hereto are mutually desirous of effecting this business transaction in
Co-operation with one another for their mutual benefit and all
signatory parties agree to abide by the following terms and
conditions:
Each party agrees that they will not make any contact with, deal with
on be involved with individuals, trader and investor introduced by
other signatories without specific permission of the introduced
signatory for the investor.
Party A Page 5 of 13 Party B
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Lett eet YetThe signatory agrees to keep confidential the identity oS Ra
contacts so provided by any other signatories. Si
The parties hereto agree that all consultancies or fees asSagh
by the parties shall be paid in full at the end ey
transaction.
This agreement shall be legally binding on the parties
their principals, employees, representatives, agents and assi)
all countries of the world.
The parties hereto affirm that in every case they will act with the
highest standards of ethics and honesty in all their dealings.
This agreement shall be respected and honoured at all times, unless
otherwise mutually agreed upon and any party will permit no attempt or
hint of circumvention.
Each of the above parties agrees and understands that any overt or
covert action of circumvention prescribed by this agreement shall be a
fraudulent act against the other party and will be subject to judicial
action, recompense for damages, possible punitive damages and
injunctive relief imposed by the legal process.
Both parties hereby agree that the agents and intermediaries referred
to in this IMFPA shall be as follows:
PARTY A Investor: 1% (USD 2.5 Million)
Beneficiary Investor - 1%
PAYMASTER HERNAN WOLINA
BANK NAME TBP - BANK DAVIVIENDA
BANK ADDRESS [Calle 14, Carrera 13 BOGOTA ~ COLOMBIA (Gold Muscum
Headquarters)
BANK OFFICER
BANK TEL./ FAX |N.A.
SWIFT CODE ‘CAFECOBB
ACCOUNT NAME ENERGY IVD SAS
ACCOUNT NUMBER | 476700031323
Party A Page 6 of 13 Party B
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!EXHIBIT B
PARTY A Consultants - @.5% (USD)
Beneficiary 1 - 0.25% ( 625,000 Thousand)
PAYMASTER HELENE BEKEREJIAN and / or assigns
BANK NAME TBP
BANK ADDRESS
SWIFT CODE
‘ACCOUNT NAME
ACCOUNT NUMBER
Beneficia
25 % ( 625,000 Thousand
PAYMASTER Lisa Thompson and / or assigns
BANK NAME TBP
BANK ADDRESS
‘SWIFT CODE
‘ACCOUNT NAME
‘ACCOUNT NUMBER
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Party A Page 7 of 13 Party B
ecPARTY B Consultants - @.5% (USD )
ficial = 8.25% 625 Thousand
PAYMASTER George Yelder and/or assigns
BANK NAME ‘TBP
BANK ADDRESS
‘SWIFT CODE
‘ACCOUNT NAME
ACCOUNT NUMBER
Beneficiary 2 - @.25% (USD 625,000 Thousand)
PAYMASTER TAN EE LI
BANK NAME HSBC, Singapore
No. 6, Claymore Hill #03-01, Claymore Plaza,
BANK ADDRESS | Singapore
BANK OFFICER | Ms. Regine Gui
BANK TEL./ FAX | 6567315603 |
‘SWIFT CODE HSBCSGSG
ACCOUNT NAME [TAN EE LI
ACCOUNT NUMBER | 47-424775-221
For and on behalf of:
Party A: Party B:
HERNAN MOLINA ALDAIR CAPITAL (M) SDN BED
Name: Ci MOLINA Name: AHMAD RAHMAN
Designation: Designation: Senior Director 4
Passport No: AN855519 Passport No.: Ad0086064
Party A Page 8 of 13 Party BJOINT-VENTURE AND PROFIT SHARING AGREE!
TRANSACTION CODE: ALDAIR-BOLIVARB/ US922646BE32
EXHIBIT B
Exhibit 1b
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
This Agreement is an Irrevocable Master Fee Protection and Pay Order
Agreement (Trade Program). Under this Join Venture Investment
Agreement for the purpose of entering into private placement trading
transactions, this IMFPA/PO constitutes an Irrevocable and
Unconditional Guarantee to pay fees in compliance with the terns
hereof for any and all transactions or tranches that are completed
pursuant to the transaction identified by the above REFERENCE CODE.
Both PARTY A and the PARTY B agree that the agents are entitled to 10%
(Ten percent) of total amount of Profits every tranche, rollover and
extensions consultancy fees. These consultancy fees will be shared as
specified here below.
The parties agree that the consultancy fees stated are compensation
for services rendered and are irrevocably and unconditionally
guaranteed to be paid by the Paymaster to the agents and
intermediaries listed in this IMFPA by wire transfer. The consultancy
fees will be free of legal impediment and free of any deductions,
excluding bank transfer fees for this and all subsequent transactions
between the parties.
In consideration of the mutual benefits to be derived by the
associates or affiliated individuals, agents, companies, designees,
trustees on executors, it is understood and agreed that the parties
hereto are mutually desirous of effecting this business transaction in
Co-operation with one another for their mutual benefit and all
signatory parties agree to abide by the following terms and
conditions:
Each party agrees that they will not make any contact with, deal with
on be involved with individuals, trader and investor introduced by
other signatories without specific permission of the introduced
signatory for the investor.
The signatory agrees to keep confidential the identity of and all
contacts so provided by any other signatories.
Party A Page 9 of 13 Party B
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SVP BP FIN eran
AON eerThe parties hereto agree that all consultancies or fee ig!
by the parties shall be paid in full at the end 9Ge!
transaction. 3
This agreement shall be legally binding on the parties>ber
their principals, employees, representatives, agents and
in all countries of the world.
The parties hereto affirm that in every case they will act w
the highest standards of ethics and honesty in all their
dealings.
This agreement shall be respected and honoured at all times, unless
otherwise mutually agreed upon and any party will permit no attempt or
hint of circumvention.
Each of the above parties agrees and understands that any overt or
covert action of circumvention prescribed by this agreement shall be a
fraudulent act against the other party and will be subject to judicial
action, recompense for damages, possible punitive damages and
injunctive relief imposed by the legal process.
Both parties hereby agree that the agents and intermediaries referred
to in this IMFPA shall be as follows:
PARTY A Consultant - 5%
Beneficiary 2 - 2.50%
PAYMASTER HELENE BEKEREJIAN and / or assigns
BANK NAME
BANK ADDRESS
BANK OFFICER
BANK TEL./ FAX
SWIFT CODE
‘ACCOUNT NAME
ACCOUNT NUMBER
Party A Page 10 of 13 Party B
(4 UA:
as
SIN wer
WN Ue NUNBeneficiary 2 -
EXHIBIT B
2.50%
PAYMASTER LISA THOMPSON
BANK NAME TBP
BANK ADDRESS
BANK OFFICER
BANK TEL./ FAX
SWIFT CODE
‘ACCOUNT NAME
‘ACCOUNT NUMBER
Beneficiary 1
PARTY B Consultant - 3%
2.5%
PAYMASTER.
George Yelder and/or assigns
BANK NAME
TBP
BANK ADDRESS
SWIFT CODE
‘ACCOUNT NAME
‘ACCOUNT NUMBER
Party A
Page 11 of 13
Party B
eneneficia 5%
PAYMASTER TAN EE LT
BANK NAME HSBC, Singapore
No. 6, Claymore Hill #03-01, Claymore Plaza,
BANK ADDRESS | Singapore
BANK OFFICER | Ms. Regine Gui
BANK TEL./ FAX | 6567315603
‘SWIFT CODE HSBCSGSG
ACCOUNT NAME | TAN EE LI
‘ACCOUNT NUMBER
047-424775-221
Special wire transfer instructions:
All transfers shall be wired simultaneously the same day with
immediate credit. All transfers shall state, “Funds are clean and
clear, of non-criminal origin and are
receipt by beneficiary’s bank.
For and on behalf of:
Party A:
(HERNAN MOLINA )
Ue
me] HERNAN MOLINA
Nat
Designation:
Passport No: AN8S5519
Party A
payable in cash immediately upon
Party B:
ALDAIR CAPITAL (M) SDN BED.
Name: AHMAD RAHMAN
Designation: Senior Director
Passport No.: A4@@s6o64
Page 12 of 13 Party B
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~eoura ioeJOINT-VENTURE AND PROFIT SHARING AGREEMENT
TRANSACTION CODE: ALDAIR-BOLIVARB/ US922646BE32 ul Ui»
EXHIBIT B
livar
(CESAR RODRIGO BER
NOTARIO 38 DE BOGOTA
Party A Page 13 of 13
Party B
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