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2.1.3. The French agency will be the first one to be set up and will be created in the immediate weeks following the setup of the holding company. Target is to have (as per Appendix 1) a French company that can be set up in June/July 2014 and can operate starting from September with an approved lice
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
2.1.3. The French agency will be the first one to be set up and will be created in the immediate weeks following the setup of the holding company. Target is to have (as per Appendix 1) a French company that can be set up in June/July 2014 and can operate starting from September with an approved lice
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
2.1.3. The French agency will be the first one to be set up and will be created in the immediate weeks following the setup of the holding company. Target is to have (as per Appendix 1) a French company that can be set up in June/July 2014 and can operate starting from September with an approved lice
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 Target and Giancarlo Galati

Geneva
LOCATION
Milan
LOCATIONAnnexes
ORGANIZATIONwan .mtrais
PERSONO. 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
ORGANIZATIONAmman
LOCATIONSmorrou
PERSON