Letter dated March 24, 2023 to terminate the Agreement for Participation in Philux Global Real Estate Fund signed July 18, 2022 between AZ Holdings Investment Joint Stock Company and the Company

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EX-10.3 4 ex10-3.htm

 

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