e parties now wish to arrange for a full and final settlement of their out- standing issues regarding the MOU, the proposed BTA, the directorship of Izemrane and the taking over of certain assets of MTA by Elite; NOW IT IS HEREBY AGREED AS FOLLOWS: 1. The MOU and the proposed B'I'A will not be further ne

whom live models currently remain under contract; / / EFTA_R1_02057336 EFTA02697982 - 2 - • no transfer of shares in EMMA has taken place; • Izemrane has been appointed director of EMMA, but never signed a contract to this effect and was never registered as such with the Trade Register; • both MT

aan 13, 1411JM, Naarden, The Netherlands (hereinafter: "MTA"), for this matter duly represented by Imad Izemrane and Frank Butselaar: AND 4. 'mad Izemrane, having his address New York City in the United States of America (hereinafter: "Izemrane"). WHEREAS: • Elite and MTA have entered into negotiatio