Notice of Termination of Fund Participation Agreement between Philux Global Group Inc. and AZ Holdings Investment JSC
Philux Global Group Inc. has formally notified AZ Holdings Investment JSC that their Agreement for Participation in the Philux Global Real Estate Fund, signed on July 18, 2022, is terminated effective immediately. The termination is due to AZ Holdings Investment JSC's failure to fully meet its obligations under the agreement. The notice is addressed to Ms. Nguyen Thi Van, General Director of AZ Holdings, and is signed by Henry D Fahman, Chairman & CEO of Philux Global Group Inc.
EXHIBIT 10.3
March 24, 2023
Ms. Nguyen Thi Van
General Director
AZ HOLDINGS INVESTMENT JSC
36, Alley 3, Nguyen Khang Street
Yen Hoa Ward, Cau Giay District
Hanoi City, Vietnam
Re: Termination of Agreement for Participation in Philux Global Real Estate Fund
Dear Mrs. Van,
This document is to confirm that, according to Article 2 of the Agreement for Participation in the Philux Global Real Estate Fund signed between AZ HOLDINGS INVESTMENT JSC and Philux Global Group Inc. on July 18, 2022, this Agreement is hereby terminated immediately by Philux Global Group Inc. because AZ HOLDINGS INVESTMENT JSC has not fully performed its obligations under the above Fund Participation Agreement.
If you need more information or have any questions, please contact the undersigned.
Thank you.
Respectfully yours,
/signed and sealed/ Henry D Fahman
Henry D Fahman
Chairman & CEO
Recipients:
- As above
- File
Office address: 2323 Main St., Irvine, CA 92614, U.S.A.
* Tel: +1 ###-###-####; Fax: +1 ###-###-#### -- Email: ***@***; Website: www.philuxglobal.com
