Company: Global American Syndicate

Postal Address: #207-1425 Marine Drive West Vancouver, B.C., Canada, V7T1B9

Tel/Fax No.: 1-202-478-0231

Email Address:

Letter of Appointment

We… Please, print name of company here…do herewith appoint you as our business broker/real estate agent under the following term & conditions of appointment: -

The Company (Investment Applicant)

The company in relation to the instruction stated below is herewith identify as … Please, print name of company here … with the address of …Please print company location address here ……

The Project/Business

The project/business to be hereinafter called the subject property is identified as follows: -

Nature of business:______

(development______

concept)______

Estimated: USD______

project cost/ gross

annual sales

Output/products:______

______

______

Project owner:______

(company’s or

person’s name)

NOTE: Company/project profile, details of project, feasibility studies, projected cash-flow, annual reports, final accounts must be enclosed.

The Terms & Conditions of Appointment

The nature of appointment / : / Global American Syndicate be appointed as the real estate agent under ad hoc agency basis. Global American Syndicate have power to share these rights with any other company/person (assigned agent). In this case every such assigned agent will have additional Letter of Appointment.
The instruction & scope
of work / : / The instruction & scope of work issued to Global American Syndicate is understood to be :-
- Either to secure a joint venture partner or an equity participant or investor to take up an agreed portion of the shares of the company at an agreed price.
or,
- To secure loan/financing. For this case of securing bank loan/ financing, due to the facts that banks will only deal with the loan applicant directly and very seldom deal with or through an agent, the role of Global American Syndicate is more of identifying prospective bankers who would like to further evaluating the project and furnishing them with necessary information and documents as provided by …Please, print name of company here … for their independent evaluation & independent decision.
In short, the role of Global American Syndicate is one of identification of prospective bankers and that of facilitator/coordinator rather than that of loan arranger or loan negotiator and guarantor for loan if necessary. If client will supply Prime Bank or Insurance guarantee (or other acceptable BG) Global American Syndicate is ready to invest directly. In this case Global American Syndicate will provide loan with 1% - 2% annual interest rate.
The commission / : / Global American Syndicate shall only be entitled to the commission :-
- Upon successful securing of a joint venture partner or equity participant or investor or loan.
or,
- Upon successful identification of the prospective banker leading to the approval of loan/financing to … Please, print name of company here ….
The said commission is herewith agreed at three percent (3%) off the amount of investment/capital/equity fund injected by the intending party for the case of a joint venture/equity participation/investor. In relation to this, … Please, print name of company here … must undertake to issue necessary written instructions, and ensure their compliance, to the appointed lawyer or others who holds whatsoever down payment/earnest money/part payment from the intending party to deduct the said commission from the said down payment/earnest money/part payment, payment, hold it as a stake-holder for eventual payment as per the following terms conditions :-
- One & half percentage (1.5%) of the commission be made payable to Global American Syndicate in the form of a bank draft issued by a foreign bank in China/ Ukraine/Hong Kong/Russia/Latvia/Lithuania/Singapore/UK/USA and drawn on the branch of the issuing bank.
and,
- Another one & half percentage (1.5%) of the commission be made payable to assignee of Global American Syndicate or their order/assignee in the form of another bank draft issued by a foreign bank in China/Ukraine/Hong Kong/Russia/ Latvia/Lithuania/Singapore/UK/USA and drawn on the branch of the issuing bank or as instructed by assignee.
As for the case of bank loan/financing, the commission is herewith agreed at three percent (3%) of the amount of loan approved.
The said commission is deemed payable upon signing of the necessary agreements or their equivalents. It relation to this,…Please, print name of company here … must undertake to issue necessary written instructions, and ensure their compliance, to the appointed lawyer, lending bank or others to deduct the said commission from the loan to …Please, print name of company here … pending released, hold it as stake-holder and made payable to the followings as per the stated terms & conditions:-
- One & half percentage (1.5%) of the commission be made payable to Global American Syndicate in the form of a bank draft issued by a foreign bank in China/ Ukraine/Hong Kong/Russia/Latvia/Lithuania/Singapore/UK/USA and drawn on the branch of the issuing bank.
and,
- Another one & half percentage (1.5%) of the commission be made payable to assignee of Global American Syndicate or his order/assignee in the form of another bank draft issued by a foreign bank in China/Ukraine/Hong Kong/Russia/ Latvia/Lithuania/Singapore/UK/USA and drawn on the branch of the issuing bank or as instructed by assignee.
Costs/Expenses / : / Global American Syndicate shall not be responsible for whatsoever costs/expenses that may have arise between …Please, print name of company here … and the intending party on joint venture /equity participation/investment or the banker.
Project owner’s, company director’s personal responsibility / : / Project owner’s, … Please, print name of company here … director’s guarantee for Global American Syndicate and assignee, indicated above, commissions in any cases. If project owner will transfer his project to any other company or if company (investment applicant) will change name, owners, or stoped existence was due to any reasons, then project owner’s, company director’s will immediately (in 24 hour term) inform Global American Syndicate about it by fax and registered mail and in accordance with law in 3 days term transfer obligations to new project owner or transfer project’s rights to Global American Syndicate, if new owner have not intent fulfill obligations of previous project owner (investment applicant).

We confirm the above appointment at the stated terms & conditions of appointment

------

Sign & chop.

Designation :

Name: Please print First and Second name of Director/President

Date: Please include date of document has been issued