Article 1: Definitions.
1.1 Funds, the payment of each tranche will be performed via SDD sepa system, each month, in exactly date as for Mandate in Annex A
1.2 For each tranche that I/A will receive, I/A will provide report about each single payment that IBIC will make in form in written information via e-mail.
1.3 IBIC will pay for the asset management service the 25% (Twenty five percent) for each tranche and for the total amount. Payment of 25% (Twenty five percent) will be deducted directly from each investment tranches that follows.
1.4 The profit of the investments will be splitted in equal shares after deduction of expenses incurred
Article 2: Administration and Governance.
2.1 Obligations of the Parties. The Parties agree to accept investment terms as it follows
2.2 “I/A” is ready to take a first payment through its SDD account to the following bank details: