"This is an example of one of the types of scams"
INVESTMENT AGREEMENT
This Agreement is made this day of... 2002 between... Of the Republic... (hereinafter called (THE FINANCIER) on one part and... Of... (hereinafter called THE MANAGER) on the other part.
WHEREAS: 1. The Financier is a business lady now resident in... 2 The Financier is desirous to invest in... 3. The Financier has agreed with the Manager to give to the later the sum of USD$120 million (One hundred and twenty million dollars) in Two installment of USD$60 million each for the purpose of investing same on his behalf. The Financier has consulted with the Manager and the Later has agreed to invest it prudently and to keep proper records of Accounts.
NOW IT IS HEREBY AGREED that in pursuance of this agreement and in consideration of the Sum of USD$120 Million (One Hundred and Twenty million dollars) NOW PAID by the Financier to the Manager (The receipt Whereof the Manager hereby acknowledges) The Manager shall invest same on behalf of the Financier
THIS AGREEMENT FURTHER WITNESSETH AS FOLLOWS: The Manager shall make adequate arrangement for the Lodgment of the said sum in a bank he shall deem fit and negotiate the interest rate thereon and shall forthwith furnish the Financier with all detail of the banking transaction. The Manager shall have the discretion save as herein stated as to the kind and manner of investment to be undertaken and shall mandatory send to the financier a feasibility studies of the proposed investment before same is embarked upon. The Manager shall make available to the Financier at all material times all necessary information on the investment including the amount of money paid as interest by the bank on the sum herein stated. The Manager shall be entitled to take as remuneration 30% of the total profit realizable from the investment and 5% of the total investment capital will paid upfront to the Manager as stabilization fee to build the manager up financially effective after the signing of this investment agreement.
DURATION OF INVESTMENT: The Proposed Investment shall take a period of Ten years or as determined and agreed by both Parties, in event of dead of the manager the manager next of kin or his elected nominee shall take over the management of the investment at the express permission and acceptance of the Financier. Should the next of Kin or the Nominee lack the financial/professional experience to manage the investment, the Financier will terminate the contract at 90 days notice and all properties, cash / assets of the investment shall be refunded to the Financier by the Manager next of kin, this provision do not include the 30%interest derived from the investment.
THE MANAGER HEREBY COVENANTS to maintain the confidentiality of the Financier and not to except as authorized or required by the Financier release to any person any part of the sum of money herein or to use same for his own use or any other purpose other than the subject of this agreement and shall keep with complete secrecy all confidential information entrusted to him which same restriction shall continue to apply as well after the termination of this agreement as before without limit in point of time.
IN WITNESS WHEREOF: the said parties have hereunto set their hands and seals the date and year first above written.
SIGNED, SEALED AND DELIVERED by the within named Financier...
SIGNED, SEALED AND DELIVERED by the within named Manager...
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