DRAFT-inter Company Side Agreement Rich Global-Marissa

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INTER-COMPANY COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This agreement was made and executed this 6th day of September, 2021 by and between;

MORE SAVINGS VALUE DEVELOPMENT TRADING CORPORATION (MSVDC), a legal Company, with office
address at Taytay, Rizal, represented by the Owner/President, Marissa S. Virador, Filipino, with TIN 211-
919-196, hereinafter referred to as the First Party;

And;

FIDEL C. DUMANHOG, of legal age, PRESIDENT & CEO of RICH GLOBAL INCORPORATED, with office
address at Rm 505 City Tower, # 810 N. Domingo St., Bry. Kaunlaran, Cubao, Quezon City, Metro Manila,
Philippines, with DRIVER’S ID NUMBER: L01-93-015679, hereinafter referred to as the Second Party;

Witnesseth:

Whereas, the First Party is a licensed company, an enterprise, that engage in Real Estate business activity.

Whereas, the First Party, with an intention to engage in a wide scale business operation, resolved to request
with the Second Party to raise up substantial capital inputs.

Whereas, the Second Party is a licensed company, a financial outsourcing and support distribution channel
for prospective or interested party, accepts the intention and granted the requests of the First Party.

Whereas, the Second Party is the official and authorized to access the Provider’s Bank Account and has a
mandate to cut a portion of funds from the Mother’s Account to allocate for the fund requirements of the
Beneficiaries.

Whereas, the out-sourced funds in form of Cashier’s Check from reputable bank of the provider is not
verifiable, cashable, divisible and transactable by the Other Party such as Fund’s Beneficiaries, Beneficiaries’
Bank, Investments Companies and other interested parties thereof trying to prove the authenticity of
negotiable instrument or validating the reality of the transaction, unless otherwise processed and arranged
by the Second Party to the Bank origin of the Funds in favor of the Funds Recipient/Beneficiary.

Whereas, this financial transaction is highly classified based on the bank secrecy law and the exercise of
privacy, any intervention in the process by the First Party, their associates, representatives and any party
attempting to intervene in this transaction shall be grounds for cancellation and/or termination of this
agreement. Funds provided by the First Party shall be forfeited to serve as liquidated damages for the failure
of transaction caused by breach of agreement.

Whereas, this Agreement was established in the Principle of Trust and confidence, the First Party shall
provide the small fund requirement to facilitate the processing and encashment of the Cashier’s Check and

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INTER-COMPANY COMPROMISE AGREEMENT

that the Second Party shall perform the stipulations of this Agreement until the encashment and release of
Funds based on this Agreement.

Now therefore, in consideration of the above premises, the First and Second Parties resolved to agree on the
following terms and conditions stated herein, to wit;

That,

1. The First Party shall provide a cash budget to the Second Party- Rich Global Inc. based on the
amount agreed by both parties.

1.1. The amount of Six Million Pesos ( Php 6,000,000.00 ) shall be given to Rich Global Inc. by
First Party- MORE SAVINGS VALUE DEVELOPMENT TRADING CORPORATION (MSVDC)
( Principal Beneficiary ) - as budget for Bank Charges, Cutting Fees, Air Fare, Hotel
Accommodations, Allowance, Representation and miscellaneous expenses.

2. The First Party as endorsed by the Second Party to the International and /or Local Institutions
and/or private individual, shall receive a Cashier’s Check amounting to Two Hundred Fifty Million
Euro
(€ 250,000,000.00).

3. The Second Party shall prepare the Memorandum of Agreement and/or Contract whichever is
necessary for the approval of both Parties herein concerned.

4. The Second Party shall coordinate and make the arrangement with the bank necessary to
facilitate the encashment of the sourced-out check amounting Two Hundred Fifty Million Euro (€
250,000,000.00) and release the agreed amount to the beneficiary.

5. The Second Party shall issue a Rich Global Inc., 60-day postdated corporate check WITH BLOCKED
FUNDS AS ATTESTED TO BY THE BANK MANAGER OF THE ISSUING BANK CHECK OF ORIGIN BY THE
SECOND PARTY , RICH GLOBAL INCORPORATED to the First Party the amount of Six Million Pesos
( Php 6,000,000.00 ) as a guarantee for the funds released by the First Party in form of Bank
Transfer to the Second Party.

6. From the sourced-out check amounting Two Hundred Fifty Million Euro
(€ 250,000,000.00) with corresponding vital documentary attachment shall be divided as follows:
7. 6.1. 50% - One Twenty Five Million Euro (€ 125,000,000.00) (First Party Beneficiary)
6.2. 50% - One Twenty Five Million Euro (€ 125,000,000.00) (Second Party Beneficiary)

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INTER-COMPANY COMPROMISE AGREEMENT

8. Both parties shall resolve the issues on government clearances including AMLA, funds protection,
security issues, assurance and legitimacy of transaction, banking process, time frame and other
concerns related to this transaction prior on its implementation.

9. CAPACITY TO RECEIVE HUGE SUM OF MONEY- In consideration of huge sum of money to be


received by the beneficiaries, the mandated company facilitator- Second Party shall receive the
above money to avoid much documentary requirements and proof of capacity on behalf of First
Party to qualify receivership of funds and forward the agreed amount to the latter party.
[ARRANGEMENTS SHOULD BE MADE BY THE FIRST PARTY FOR THE RECEIPT OF THE AMOUNT
INTENDED TO THE FIRST PARTY]

10. NON-SOLICITATION: This is a non-solicitation process. All budget related herein is a subject of
funds requirement for compliance to avail of Funding Privileges.

11. NON-CIRCUMVENTION & NON-DISCLOSURE AGREEMENT


SO LONG AS IT IS NOT CONTRARY TO LAW AND ESTABLISHED PRACTICE ,In all due respect with
bank secrecy law, all parties herein concerned affirm not to circumvent or disclose to anyone
about this transaction or try circumvention or disclosure for the protection interest of all parties.
All rules and regulations regarding confidentiality, non-circumvention and non-disclosures applies
to all parties in this agreement. Failure to comply with this inclusive agreement shall be dealt in
with legal remedies.

12. DISCLAIMER: In consideration of due diligence performed by First and Second Party herein
concerned, all responsibilities shall be carried out by both parties. No liability shall be assumed by
any parties on the grounds of any unpredictable circumstances that may affect the performance
of this transaction.

13. Any intended amendments that is fair, just and deemed necessary to all parties herein concerned
are subject for the approval of the latter.

14. Approved revisions shall be made written and executory.

In witness whereof, the parties have hereunto affixed their signatures hereon freely and voluntarily on
the day first herein above written at Quezon City, Metro Manila.

MARISSA S. VIRADOR FIDEL C. DUMANHOG


First Party Second Party

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INTER-COMPANY COMPROMISE AGREEMENT

SIGNED IN THE PRESENCE OF

__________________________ ________________________
Witness Witness

ACKNOWLEDGEMENT

Republic of the Philippines )

City of ________________ ) S.S.

Before me, personally appeared the following:

Name Valid I.D. Number


MARISSA S. VIRADOR - TIN 211-919-196
FIDEL C. DUMANHOG - DRIVER’S ID NUMBER: L01-93-015679

Known to me and to me known to be the same persons who executed the foregoing instrument and
acknowledge to me that the same is free and voluntary act of deed.

WITNESS MY HAND AND SEAL this _________day of _________ 2021 at


____________________________.

________________________________
Notary Public

Doc. No._____________
Page No. ____________
Book No. ____________

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INTER-COMPANY COMPROMISE AGREEMENT

Series of 2021

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