Memorandum of Agreement
On this the ………. of …………….. 2015, the following Parties have entered into this Memorandum of Agreement, hereinafter referred to as the ‘MOA’: -
On the First Part - Mr K.S Johnson, the Chairman of DEH Tranz Solutions (Thailand)
Ltd and its affiliated company DEHT
Mining Solutions hereinafter referred to as ‘DEH’
On the Second Part - …………………………………….. hereinafter referred to as ‘…………………..’.
WHEREAS
Following the recent mining opportunities that have transpired for DEH within the Kingdom of Thailand (hereinafter termed ‘Thailand’), the two respective parties of DEH and ……………………….have mutually identified these opportunities as being of key interest to both parties, with the agreement of developing a new company and under which these associated opportunities will be operated. This agreement also highlights the desire of ………………………..to become a shareholder of this new company and holding 10%, with votes, in return for an investment of 2,500,000 Thai baht payable to the Party of the First Part. The new company is to be formally created within the shortest time frame as is effectively possible, and in line with the Royal Thai Government’s law regarding the creation and licensing of a new business entity in the Kingdom.
As with these present projects and concessions, those in the future as held under this new company will, as we mutually agree, be presented for scrutiny and subsequent approval by all of the appropriate sectors of the Royal Thai Government and relative Administrative departments, including the leaderships of the communities local to the exploration and proposed mine site/s, plus but not restricted to, local religious leaders and the local people accordingly.
Following the demands of this process both parties of the First and Second Part have together examined the opportunities which have been presented, and thus from this the Party of the First part has offered, to the party of the Second Part a 10% shareholding of the new company to be named DEH Rare Rock Resources hereinafter referred to as DEH-RRR, and under which will be the Wichian Buri Rare Earths Project hereinafter termed as ‘RE’, the South Petchabun Copper Project hereinafter termed ‘SPCP’ and the Chae Zinc Project hereinafter referred to ‘CZP’.
Further to this, the Parties of the First Part and the Second Part are in agreement whereby the shareholding of the Party of the Second Part is created in a way whereby this shareholding is duplicated into the company in Myanmar also, and under which will be held all Burmese concessions and operations as assigned to the company in line with Myanmar Business law. The scope of business in Myanmar ranges from infrastructure to water projects, mineral exploration to mining operations, airports, rail, roads and crude oil refining including the downstream business of such too.
This MOA also witnesses and confirms that the agreement as described herein, and as represented by the Party of the First and Second Parts, will in the future jointly consider the opportunity whereby the Party of the Second part is offered full time employment within the new company.
This MOA also confirms that further formal and legal documentation will be undertaken in due course and executed for the purposes of creating the new company DEH-RRR, and in which will be included, by name, both parties of the First and Second Parts.
This Memorandum of Agreement is executed and agreed to at the H.Q of DEHT, 36/11 Motorway Road, Klonsongtunnan, Ladkrabang, Bangkok, 10520, Thailand. on this day the ……… of ………………. 2015.
FIRST PART: Signed;_____________________________________________
Mr Karl. Simon. Johnson.
Chairman and C.O.O of DEH Tranz Group and DEH Tranz Solutions
(Thailand) Ltd
Co-Signed:_____________________________________________
Name: Khun Ratchada Johnson
Position: Director of DEH Tranz Solutions (Thailand) Ltd.
SECOND PART: Signed;___________________________________________
…………………….
…………………….
…………………….
Co-Signed:___________________________________________
Name: ……………………………………………
Position: ………………………………………….
Memorandum of Agreement
On this the ………. of …………….. 2015, the following Parties have entered into this Memorandum of Agreement, hereinafter referred to as the ‘MOA’: -
On the First Part - Mr K.S Johnson, the Chairman of DEH Tranz Solutions (Thailand)
Ltd and its affiliated company DEHT
Mining Solutions hereinafter referred to as ‘DEH’
On the Second Part - …………………………………….. hereinafter referred to as ‘…………………..’.
WHEREAS
Following the recent mining opportunities that have transpired for DEH within the Kingdom of Thailand (hereinafter termed ‘Thailand’), the two respective parties of DEH and ……………………….have mutually identified these opportunities as being of key interest to both parties, with the agreement of developing a new company and under which these associated opportunities will be operated. This agreement also highlights the desire of ………………………..to become a shareholder of this new company and holding 10%, with votes, in return for an investment of 2,500,000 Thai baht payable to the Party of the First Part. The new company is to be formally created within the shortest time frame as is effectively possible, and in line with the Royal Thai Government’s law regarding the creation and licensing of a new business entity in the Kingdom.
As with these present projects and concessions, those in the future as held under this new company will, as we mutually agree, be presented for scrutiny and subsequent approval by all of the appropriate sectors of the Royal Thai Government and relative Administrative departments, including the leaderships of the communities local to the exploration and proposed mine site/s, plus but not restricted to, local religious leaders and the local people accordingly.
Following the demands of this process both parties of the First and Second Part have together examined the opportunities which have been presented, and thus from this the Party of the First part has offered, to the party of the Second Part a 10% shareholding of the new company to be named DEH Rare Rock Resources hereinafter referred to as DEH-RRR, and under which will be the Wichian Buri Rare Earths Project hereinafter termed as ‘RE’, the South Petchabun Copper Project hereinafter termed ‘SPCP’ and the Chae Zinc Project hereinafter referred to ‘CZP’.
Further to this, the Parties of the First Part and the Second Part are in agreement whereby the shareholding of the Party of the Second Part is created in a way whereby this shareholding is duplicated into the company in Myanmar also, and under which will be held all Burmese concessions and operations as assigned to the company in line with Myanmar Business law. The scope of business in Myanmar ranges from infrastructure to water projects, mineral exploration to mining operations, airports, rail, roads and crude oil refining including the downstream business of such too.
This MOA also witnesses and confirms that the agreement as described herein, and as represented by the Party of the First and Second Parts, will in the future jointly consider the opportunity whereby the Party of the Second part is offered full time employment within the new company.
This MOA also confirms that further formal and legal documentation will be undertaken in due course and executed for the purposes of creating the new company DEH-RRR, and in which will be included, by name, both parties of the First and Second Parts.
This Memorandum of Agreement is executed and agreed to at the H.Q of DEHT, 36/11 Motorway Road, Klonsongtunnan, Ladkrabang, Bangkok, 10520, Thailand. on this day the ……… of ………………. 2015.
FIRST PART: Signed;_____________________________________________
Mr Karl. Simon. Johnson.
Chairman and C.O.O of DEH Tranz Group and DEH Tranz Solutions
(Thailand) Ltd
Co-Signed:_____________________________________________
Name: Khun Ratchada Johnson
Position: Director of DEH Tranz Solutions (Thailand) Ltd.
SECOND PART: Signed;___________________________________________
…………………….
…………………….
…………………….
Co-Signed:___________________________________________
Name: ……………………………………………
Position: ………………………………………….
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