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oh as puss 04 yetis lea wets and wan .mtrais be camas *tee IIPP:k 004 let."'en , • La•44 nady app 'at foe am annaann AYR ramotatonfoe *won • CM'S Amman wane Sa ow 1 unta ALI LS 4 6611000 46- - ay Ai; O. taw n** my mew tapas Wow netinet 0. ,55( .4.4.e* re dein vr4 De atone*r.net. Iwo -so rein ere
MEMORANDUM OF UNDERSTANDING THE PARTIES Mr. Giancarlo Galati, born on in , co-owner and CEO of 2morrowmodel SRL and other model agencies, domiciled in from now on the "Operating Investor" Ms. , born on
oh as puss 04 yetis lea wets and wan .mtrais be camas *tee IIPP:k 004 let."'en , • La•44 nady app 'at foe am annaann AYR ramotatonfoe *won • CM'S Amman wane Sa ow 1 unta ALI LS 4 6611000 46- - ay Ai; O. taw n** my mew tapas Wow netinet 0. ,55( .4.4.e* re dein vr4 De atone*r.net. Iwo -so rein ere
MEMORANDUM OF UNDERSTANDING THE PARTIES Mr. Giancarlo Galati, born on in , co-owner and CEO of 2morrowmodel SRL and other model agencies, domiciled in from now on the "Operating Investor" Ms. born on
oh as puss 04 yetis lea wets and wan .mtrais be camas *tee IIPP:k 004 let."'en , • La•44 nady app 'at foe am annaann AYR ramotatonfoe *won • CM'S Amman wane Sa ow 1 unta ALI LS 4 6611000 46- - ay Ai; O. taw n** my mew tapas Wow netinet 0. ,55( .4.4.e* re dein vr4 De atone*r.net. Iwo -so rein ere
of the proceedings shall be English. LIST OF ANNEXES Annex 1: Business plan for first year, Paris office SIGNATURES Paris, April 2014 Ms. Mr. Giancarlo Galati EFTA_R1_02205672 EFTA02721492 Annex 1: nmorrow Business plan lst year presentation France Only EFTA_R1_02205673 EFTA02721493 OVERVIEW ',s
Entities connected to both Amman and Giancarlo Galati

Geneva
LOCATION
Milan
LOCATIONAnnexes
ORGANIZATIONO. taw n*
PERSONItte Wawa aloe le Sets Sew ems
PERSONta so% ne
PERSONS. O. • K
PERSONthe Financial Investor
ORGANIZATIONThe Operating Investor
ORGANIZATIONma ~Ws Aiwa
ORGANIZATIONSeptets
ORGANIZATION
Target
ORGANIZATIONwan .mtrais
PERSONSmorrou
PERSON