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MT 103/202 – CASH TRANSFER - MOU

TRANSACTION CODE :
SENDERS CODE :
RECEIVERS CODE : CASH TRANSFER AGREEMENT

MT 103/202 – CASH TRANSFER

MEMORANDUM OF AGREEMENT
ENTERED INTO BY

MR. JOSYULA RAMU


(Hereinafter referred to as “THE SENDER”)
Passport Number:Z2743022

ADDRESS
579 , Castle Green Compound, KR Puram, Bangalore
India

AND

MR ANTHONY SIMON BOCK


(Hereinafter referred to as “THE RECEIVER”)
Passport Number: A06594355

ADDRESS
12 Morningfields, Arum Avenue, Mornignside Manor, Sandton
South Africa

InitialSender :_____________ Initial Receiver :_____________


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SENDER INFORMATION
COMPANY NAME : N/A
COMPANY ADDRESS : N/A
COMPANY REGISTRATION NUMBER : N/A
REPRESENTED BY : N/A
PASSPORT NUMBER : N/A
PLACE OF ISSUE : N/A
DATE OF ISSUE : N/A
EXPIRY DATE : N/A
SENDER BANK INFORMATION
BANK NAME : HONGKONG AND SHANGHAI BANKING CORPORATION
BANK ADDRESS : HSBC BUILDING, SUITE 13-02, 21 COLLYER QUAY,
229571 SINGAPORE
ACCOUNT NAME : JOSYULA RAMU
ACCOUNT NUMBER (USD) : 047866710270
SWIFT CODE : HSBCSGS2
BANK OFFICER : Ms. Natalie Chen
BANK OFFICER TELEPHONE : +65 66580749
BANK OFFICER FAX NUMBER : +65 64248031
BANK OFFICER EMAIL : nataliechen@hsbc.com.sg
REQUIRED MESSAGE : ALL TRANSFER INSTRUCTIONS SHALL STATE: “FUNDS ARE CLEAN AND
CLEAR, OF NON-CRIMINIAL ORIGIN AND ARE PAYABLE IN CASH
IMMEDIATELY UPON RECEIPT BY BENFICIARIES BANK”

RECEIVER INFORMATION
COMPANY NAME : EMERGING HOLDINGS LIMITED
COMPANY ADDRESS : FLOOR 3, EBENE ESPLANADE, 24 CYBER CITY, EBENE,
MAURITIUS
COMPANY REGISTRATION NUMBER : 143123
REPRESENTED BY : ANTHONY SIMON BOCK
PASSPORT NUMBER : A06594355
PLACE OF ISSUE : SOUTH AFRICA
DATE OF ISSUE : 5 MARCH 2018
EXPIRY DATE : 4 MARCH 2028
RECEIVER BANK INFORMATION
BANK NAME : MAURITIUS COMMERCIAL BANK
BANK ADDRESS : MCB CENTRE, SIR WILLIAM NEWTON STREET, PORT
LOUIS, MAURITIUS
ACCOUNT NAME : SG FINANCIAL SERVICES LIMITED – CLIENT ACCOUNT
BENEFICIARY – EMERGING HOLDINGS LIMITED
ACCOUNT IBAN NUMBER :
SWIFT CODE : MCBLMUMU
BANK OFFICER :
BANK OFFICER TELEPHONE :

InitialSender :_____________ Initial Receiver :_____________


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BANK OFFICER FAX NUMBER :
BANK OFFICER EMAIL :
REQUIRED MESSAGE : ALL TRANSFER INSTRUCTIONS SHALL STATE: “FUNDS ARE CLEAN AND
CLEAR, OF NON-CRIMINIAL ORIGIN AND ARE PAYABLE IN CASH
IMMEDIATELY UPON RECEIPT BY BENFICIARIES BANK”

WHEREAS: The Receiver desires to receive funds from the sender which are of clean, clear and of non-
criminal origin from sender.

The receiver confirms with full corporate and legal responsibility to accept the cash transfer sent to his
nominated Bank Account by the sender and confirms that his nominated receiving bank account is
capable to receive the funds and is further capable to transfer the received funds according the terms of
this agreement and according to the schedule or tranches stipulated in this agreement.

WHEREAS: The sender desires to transfer the aforementioned cash transfer to the nominated receiver
bank account.

The sender represents and warrants it has the ability and funds to send through associates, contact and
sources, with full corporate responsibility as agreed by the sender and receiver.

The sender hereby declares under penalty of perjury that the funds are good, clean, clear and free of
non-criminal origin. The funds will be free and clean of liens, encumbrances and third party interests
except as expressly disclosed in his agreement.

TRANSACTION DESCRIPTION
INSTRUMENT : MT 103/202 (CASH TRANSFER)
TOTAL FACE VALUE : US$9,232,100
EACH TRANCHE VALUE : 1
ISSUING BANK : HSBC SINGAPORE
PAYOUT 1 : 85% SENDER (BY RECEIVER BANK)
PAYOUT 2 : 15% RECEIVER (RETENTION IN RECEIVER BANK)
:
DELIVERY : SWIFT MT 103/202 CASH TRANSFER
DURATION OF PAYMENT BY SENDER : 3 BANKING DAYS
DURATION OF PAYMENT BY RECEIVER : 3 BANKING DAYS

SCHEDULE OF TRANCHES
TRANCHE 1 US$9,232,100
TRANCHE 2
TRANCHE 3
TRANCHE 4
TRANCHE 5
TRANCHE 6
TRANCHE 7

InitialSender :_____________ Initial Receiver :_____________


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TRANCHE 8
TRANCHE 9
TRANCHE 10

PAYMENT DISTRIBUTION SCHEDULE 1


TRANCHE 1 US$9,232,100

PAYMENT TO SENDER ACCOUNT BY RECEIVER AMOUNT: US$7,847,285


PAYMENT TO BE RETAINED IN RECEIVER ACCOUNT AMOUNT: US$1,384,815

*Further Distributions to be tabulated after successful distribution of Tranches 1 and 2

PROCEDURES:

1. The receiver and sender have agreed to the terms of this agreement including all conditions as
outlined in the agreement. The receiver, by signing and initialing this agreement accepts it will
automatically a full commercial recourse contract.

2. The sender after confirmation of execution of this agreement, will then deliver a swift MT103/202
transfer of the value as schedule above in the amount of US$9,232,100 to the designated account of
the receiver as stipulated in this agreement within 72 hours.

3. The sender after transmittal of the swift MT103/202 cash-transfer will a provide a copy of the swift
together with wire transfer slip to the receiver via email, transmitted by the sender mandate and a
copy to receiver bank officer.

4. The receiver will the instruct his bank to release payments according to the payment schedule 1
above and utilize the Bank Account Information contained in this agreement. All payments to be
done by way of MT 103/202 cash transfers as contained in this agreement within 3 Banking days.

5. The receiver will transmit the MT103/202 for the transfers executed for the Sender and Sender
Mandate on the day the transfers are executed. The proof of transfer will be transmitted to the
sender Banker email and to the Sender email.

InitialSender :_____________ Initial Receiver :_____________


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GENERAL PROVISIONS AND CONDITIONS:


The Sender and the Receiver do hereby agree and mutually acknowledge to each other as follows:

1. Parties are not allowed to contact the other Party’s bank without express written permission. Any
Party attempting to do so will lead to cancellation of this Agreement and invoke the penalties
described in Paragraph 16, below. For greater clarity, any telephone calls, facsimile or other
prohibited forms of communication shall cause the immediate cancellation of this transaction and
incur a liability for damages on the part of the breaching Party.

2. After countersigningthisagreement by both sender and receiver tis agreement becomes a legally
binding Contract (Memorandum of Agreement) between both parties.

3. Should any of the Parties that has signed this Agreement, fail to perform or act in a manner
forbidden by this Agreement, the failing Party shall indemnify the other Party for an amount equal
to 2% of the face value of the payment that are the object of the transaction. One half of the said
two percent (2%) shall be paid to the aggrieved Principal and the balance to the principal’s mandate.

4. Each Party warrants and represents that it has full power and authority to enter into this Agreement
and to perform the transaction as per the terms stated herein.

5. The Parties agree that the Non-Circumvention / Non-Disclosure rules of all issues from the
(International Chamber of Commerce) ICC up to and including the latest edition apply and shall
remain effective for a period of five years from the date of execution of this Agreement.

6. All Information contained herein including banking information and codes are privileged information
and represent the sole property of the Party from which they originate.

7. The terms of this Agreement are binding upon the Parties whose signatures appear herein. The
Parties to this Agreement and their respective employees, agents, associates/affiliates, transferees,
assignees or designees agree to be bound by the Non-Circumvention / Non-Disclosure and Force
Majeure provisions of the ICC as mentioned in Paragraph 5 above.

8. This Agreement is subject to the domestic laws of any country properly having jurisdiction over the
subject-matter of this Agreement. The Parties agree that they will strive to resolve all disputes
amicably. All disputes arising out of or in connection with the present Agreement that cannot be
resolved amicably shall be finally settled under the Rules of Arbitration according to the governing
law of Mauritius. The language of Arbitration shall be English.

9. The arbitration award shall be considered as final and shall be binding upon both Parties. The
arbitration fee shall be paid by the losing Party.

10. Neither Party may assign, transfer or delegate its interest or duties without prior written consent of

InitialSender :_____________ Initial Receiver :_____________


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the other Party. No modification, amendment or supplement of this Agreement shall be binding
unless it is in writing and signed by both the Sender and the Receiver.

11. If any provision of this Agreement shall be or become prohibited or invalid under any applicable law,
rule or regulation, then such provision shall be deemed ineffective to the extent of such prohibition
or invalidity only, without thereby invalidating any of the remaining terms or provisions of this
Agreement.

12. Neither Party hereto is making any representation regarding the tax consequences, if any, of the
transactions envisaged herein. It is understood that the Buyer and the Seller individually accept
responsibility and liability for any/all taxes, imposts, levies, duties or charges that may be applicable
in the execution of their respective roles and the discharge of this Agreement.

13. The Sender and the Receiver shall be responsible only for those commissions/fees that they have
respectively agreed, in writing or otherwise, to pay.

14. Each Party shall indemnify and hold harmless the other Party against any and all claims, demands,
damages or expenses of any nature arising out of the execution or implementation of this
Agreement for a period beginning with the execution of this Agreement and ending three (3) years
after the date of the completion of all acts contemplated in this Agreement.

15. The Parties hereby agree that the Parties have entered into this private transaction at their sole
discretion and no one Party has solicited the other Party in any way neither it can be considered as
the solicitation of funds. This transaction is strictly of a private nature between the private Parties
which is being defined by this private Agreement. This transaction does not and shall not be
interpreted as the sale of securities as defined by the Securities Act of 1933/34 of the United States
of America as amended and/or any other laws of any other nation related to the securities
transaction. This transaction/Agreement is exempted from the Securities Act and would not be
required to be registered with any authority or with any government body department.

16. This Agreement embodies the entire understanding of the Parties hereto. There are no other
Agreement, understandings, representations or warranties, whether written or oral, in effect
between the Parties. The Parties acknowledge that this Agreement is the sole governing document
between the Parties. The Parties agree that this Agreement supersedes any and all prior
correspondence, Agreements or drafts, which shall be null and void and of no further force and
effect.

17. All terms, condition and closing procedures of this Agreement shall be binding upon and inure to the
benefit of the Parties hereto, and their respective heirs, legal representative, successor and assigns.

18. These documents may be signed in counterparts, which when taken together shall constitute an
original. This document may also be transmitted by facsimile or email and shall be deemed as
original for the purposes of enforceability. The Parties declare that they have read this entire
Agreement and have clearly understood the same to its fullest.

19. By signing this Agreement, both parties agree under the laws and trading guidelines set forth by the
ICC that they are ready willing and able to complete this transaction under the terms and conditions
stated within this letter of intent.

20. # EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any

InitialSender :_____________ Initial Receiver :_____________


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provisions of this Contract. As applicable, this agreement shall be:

1-Incorporate U.S. Public Law 106-229, ”Electronic Signatures in Global and National Commerce Act”
or such other applicable law conforming to the UNCITRAL Model Law on Electronic Signatures
(2001) and;

2-ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United
Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT);

3-EDT documents shall be subject to European Community Directive No. 95/46/EEC, as applicable.

Either Party may request hard copy of any document that has been previously transmitted by
Electronic means provided however, that any such request shall in no manner delay the parties from
performing their respective obligations and duties under EDT instruments.

20.The Sender and Receiver hereby acknowledge and confirm that neither the Collateral Provider nor
their associates, nor any person on their behalf solicited him/her in any way whatsoever that can be
construed to be a solicitation herein. Both parties hereby confirm with full authority that the above
terms are agreed and acceptable.

InitialSender :_____________ Initial Receiver :_____________


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SENDER CLIENT INFORMATION SHEET

Directions: This document must be completed in full. If a line item does not pertain then insert
the term: “N/A” (non-applicable).

Personal Information

First Name : Josyula


Middle Name : N/A
Last Name : Ramu
Gender : Male
Date of Birth : 01 August 1979
Identity Number : N/A
Country of Citizenship: India

Passport Number : Z2743022


Date of Issue : 11 Oct 2013
Date of Expiry : 10 Oct 2023
Issuing Authority : India

Home Street Address : 579, Castle Green Compound, Near KR Puram Railway
City : Bengaluru
State : Karnataka
Country : India
Postal Code : 560043

Telephone Number : N/A


Fax Number : N/A
Mobile Number : +91 7994 640 360
Email Address : ramu.j@mentific.com

Languages / Translator

Languages:
Do you speak English? : Yes
If No, Name of Translator :N/A
Tel Number :N/A
Email Address :N/A

InitialSender :_____________ Initial Receiver :_____________


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Corporate Information

Full Name of Corporation : N/A


Street Address :
City :
State :
Country :
Postal Code :
Telephone Number :
Fax Number :
Mobile Number :
Email Address :

Legal Advisor

Full Name : N/A


Company :
Address :
City :
State :
Country :
Postal Code :
Telephone Number :
Fax Number :
Email Address :

Bank Information
* Please attach copy of account statement from bank (I have issues in sharing my statement)

Bank Name : Hong Kong and Shanghai Banking Corporation


Street Address : HSBC Building, Suite 13-02, 21 Collyer Quay
City : Singapore
State : Singapore
Country : Singapore
Postal Code :

Account Name : Josyula Ramu


Account Number : 04-78-66710270
Sort Code ABA No. :
SWIFT Code : HSBCSGS2
Account Signatory (1) :

InitialSender :_____________ Initial Receiver :_____________


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Account Signatory (2) :

Bank Officer # 1 Name : Ms. Natalie Chen


Bank Officer # 2 Name :
Telephone Number : +65 66580749
Fax Number : +65 64248031

Client Account where Proceeds to be paid– US$7,847,285

Bank Name :SBM Bank (Mauritius) Limited


Street Address :6th Floor SBM Tower, Queen Elizabeth II Avenue
City :Port Louis
State :
Country :Mauritius
Postal Code :

Account Name :Wellsford International Limited


Account Number :50100000179036
Sort Code ABA No. :
SWIFT Code : STCBMUMU

Bank Officer Name :Tina Jugnauth


Telephone Number :+230 202 1111
E Mail :tina.jugnauth@sbmgroup.mu

InitialSender :_____________ Initial Receiver :_____________


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Available funds

Funds available for this transaction : US$9,232,100


Type of currency : United States Dollars
Origin of funds : Business activities
Are these funds free and clear of
all liens, encumbrances and third
party interests :Yes

I, JosyulaRamu, hereby swear under penalty of perjury, that the information provided herein is
accurate and true as of this date: March 13, 2021

For and on behalf of Seller Company

Signature: __________________________________
Josyula Ramu

Company : N/A
Passport Number : Z2743022
Date of Issue : 11 Oct 2013
Date of Expiry : 10 Oct 2023
Country of Issuance : India

InitialSender :_____________ Initial Receiver :_____________


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SENDER PASSPORT COPY

PROVIDE COLOR COPY ENLARGED (140%) TO THIS SIZE (8½ X 11 INCHES). PICTURE MUST BE
CLEAR AND NOT DARK. ENLARGE & LIGHTEN (USING PHOTO SETTING). COLOR SCAN THE
PASSPORT INTO YOUR COMPUTER AT A HIGH RESOLUTION IN THE JPEG FORMAT AND INSERT.

InitialSender :_____________ Initial Receiver :_____________


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.3

InitialSender :_____________ Initial Receiver :_____________


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RECEIVER CLIENT INFORMATION SHEET

Directions: This document must be completed in full. If a line item does not pertain then insert
the term: “N/A” (non-applicable).

Personal Information

First Name : Anthony


Middle Name : Simon
Last Name : Bock
Gender : Male
Date of Birth : 8 July 1952
Identity Number :
Country of Citizenship: South Africa

Passport Number : A06594355


Date of Issue : 5 March 2018
Date of Expiry : 4 March 2028
Issuing Authority : South Africa

Home Street Address : 12 Morningfields, Arum Avenue, Morningside Manor, Sandton


City : Johannesburg
State : Gauteng
Country : South Africa

InitialSender :_____________ Initial Receiver :_____________


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Postal Code :

Telephone Number :
Fax Number :
Mobile Number : +27 81 454 7082
Email Address : anthonybock21@gmail.com

Languages / Translator

Languages:
Do you speak English? : Yes
If No, Name of Translator :
Tel Number :
Email Address :

Corporate Information

Full Name of Corporation : Emerging Holdings Limited


Street Address : Floor 3 Ebene Esplanade
City : 24 Cyber City, Ebene
State :
Country : Mauritius
Postal Code :
Telephone Number : +230 403 0500
Fax Number :
Mobile Number :
Email Address : anthonybock21@gmail.com

Legal Advisor

Full Name : Mitchell John MOrrison


Company :
Address : 4 Morris Street, West Rivonia
City : Johannesburg
State : Gauteng
Country : South Africa
Postal Code :
Telephone Number : +27 11 234 3029
Fax Number : +27 11 230 5546
Email Address : +27 82 467 5732

InitialSender :_____________ Initial Receiver :_____________


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Receiver Bank Information


* Please attach copy of account statement from bank

Bank Name : Mauritius Commercial Bank


Street Address : MCB Centre, Sir William Newton Street
City : Port Louis
State :
Country : Mauritius
Postal Code :

Account Name : SG Financial Services Limited – Client Account


Beneficiary Name – Emerging Holdings Limited
Account Number : 000442693109
Sort Code ABA No. :
SWIFT Code : MCBLMUMU
Account Signatory (1) :
Account Signatory (2) :

Bank Officer # 1 Name :


Bank Officer # 2 Name :
Telephone Number :
Fax Number :

I, Anthony Simon Bock, hereby swear under penalty of perjury, that the information provided
herein is accurate and true as of this date: March 13, 2021

For and on behalf of Receiver – Emerging Holdings Limited

Signature: __________________________________
Anthony Simon Bock

Company : Emerging Holdings Limited


Passport Number : A06594355
Date of Issue : 5 March 2018
Date of Expiry : 4 March 2028
Country of Issuance : South Africa

InitialSender :_____________ Initial Receiver :_____________


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RECEIVER PASSPORT COPY

PROVIDE COLOR COPY ENLARGED (140%) TO THIS SIZE (8½ X 11 INCHES). PICTURE MUST BE
CLEAR AND NOT DARK. ENLARGE & LIGHTEN (USING PHOTO SETTING). COLOR SCAN THE
PASSPORT INTO YOUR COMPUTER AT A HIGH RESOLUTION IN THE JPEG FORMAT AND INSERT.

InitialSender :_____________ Initial Receiver :_____________


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SIGNATURE PAGE
Accepted and agreed without change
(Electronic signature is valid and accepted as hand signature)”

EDT (ELECTRONIC DOCUMENT TRANSMISSIONS)


1. EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of
this Contract. As applicable, this agreement shall be:-Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in
Global & National Commerce Act’’ or such other applicable law conforming to the UNCITRAL Model Law on
Electronic Signatures (2001);

2. ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations
Centre for Trade Facilitation and Electronic Business (UN/CEFACT). EDT documents shall be subject to European
Community Directive No. 95/46/EEC, as applicable. Either Party may request hard copy of any document that has
been previously transmitted by electronic means provided however, that any such request shall in no manner
delay the parties from performing their respective obligations and duties under EDT instrument.

FOR ON BEHALF THE ISSUER – JOSYULA RAMU


Dated on this, Saturday, 13 March 2021

InitialSender :_____________ Initial Receiver :_____________


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___________________________________
Authorized Signature
DATE : Saturday, 13 March 2021
Name : JosyulaRamu
Title : Mr
Passport No. : Z2743022
Country of Issue : India
Issue Date : 11 Oct 2013
Expiry Date : 10 Oct 2023

Accepted and agreed without change


(Electronic signature is valid and accepted as hand signature)”

EDT (ELECTRONIC DOCUMENT TRANSMISSIONS)


1. EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of
this Contract. As applicable, this agreement shall be:-Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in
Global & National Commerce Act’’ or such other applicable law conforming to the UNCITRAL Model Law on
Electronic Signatures (2001);

2. ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations
Centre for Trade Facilitation and Electronic Business (UN/CEFACT). EDT documents shall be subject to European
Community Directive No. 95/46/EEC, as applicable. Either Party may request hard copy of any document that has
been previously transmitted by electronic means provided however, that any such request shall in no manner
delay the parties from performing their respective obligations and duties under EDT instrument.

FOR ON BEHALF THE RECEIVER – EMERGING HOLDINGS LIMITED


Dated on this, Saturday, 13 March 2021

___________________________________
Authorized Signature
Name : Anthony Simon Bock
Title : Mr

InitialSender :_____________ Initial Receiver :_____________


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Passport No. : A06594355
Country: South Africa
Issue Date : 5 March 2018
Expiry Date : 4 March 2028

InitialSender :_____________ Initial Receiver :_____________

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