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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
ets. Awes • Tot* mos ns fro* Swear 2014 to At4ust 2014 1.3SSA Eur • Ow wanton of r wanes it Wow; sales codas as asoh 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-
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
ets. Awes • Tot* mos ns fro* Swear 2014 to At4ust 2014 1.3SSA Eur • Ow wanton of r wanes it Wow; sales codas as asoh 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-
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
ets. Awes • Tot* mos ns fro* Swear 2014 to At4ust 2014 1.3SSA Eur • Ow wanton of r wanes it Wow; sales codas as asoh 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-
Entities connected to both Giancarlo Galati and wan .mtrais
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ORGANIZATION
Geneva
LOCATION
Target
ORGANIZATIONAmman
LOCATIONAnnexes
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Milan
LOCATIONthe Financial Investor
ORGANIZATIONThe Operating Investor
ORGANIZATIONma ~Ws Aiwa
ORGANIZATIONSmorrou
PERSON