From: ?hrm nternat ona .commt Subject: RE1W se Consu tancy serv ces agreement Date: March 22, 2016 at 10:53 AM To: ??dequ tv-pt Deal-A- Many thanks Regards HRM International 30/ 9, Cresta Apartments, Imradd Street, Ta? Xbiex XBX 1150 Tel +356- Mob +356? The information contained in this e?mail communication inclusive of any ?les or attachments thereto, is to be deemed as strictly private and con?dential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms of Law. If you are not the/or one of the intended addressee or addressees of this e-mail communication. you must not use, disclose, copy, distribute or retain this message or any part of it. If you have received this email in error, please notify us immediately and delete all copies of this email from your computer systemls). All rights relative to any such resultant infringement are being left unprejudiced. From: Sent: Tuesday, March 22, 2016 3:39 PM To: Subject: RE: Wise - Consultancy services agreement Dear-, I will have a meeting with the project manager and I will get back to you as soon as possible. Regards, De: hrminternational .com .mt Enviada: 22 de marco de 2016 14:33 Para: Assunto: RE: Wise Consultancy services agreement Dem-_, A gentle reminder re email below? May I also remind you re the engagement letter's/ agreements with the service providers Wise has engaged Regards HRM International 30/9, Cresta Apartments, Imradd Street, Ta? Xbiex XBX 1150 Tel +356? Mob +356? .com .mt The information contained in this e-mail communication inclusive of any ?les or attachments thereto, is to be deemed as strictly private and con?dential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms of Law. If you are not the/or one of the intended addressee or addressees of this e-mail communication. you must not use, disclose, copy, distribute or retain this message or any part of it. If you have received this email in error. please notify us immediately and delete all copies of this email ??om your computer system(s). All rights relative to any such resultant infringement are being left unprejudiced. From: ?@hrminternational.com.mt] Sent: Thursday, March 17, 2016 8:01 AM To: 'Antonio Rodrigues' Subject: RE: Wise - Consultancy services agreement Dear?, Good morning Further to 0m exchange of emails below and my cormnents regarding know?110w and human resources and given the natru'e of this ?le what background information do you have and/or what comfort have you obtained in connection with the adjudication of this brief? Regards HRM International 30/9, Cresta Apartments, Imradd Street, Ta? Xbiex XBX 1150 Tel +356 Mob +356 www.hrminternational.com.mt The information contained in this e-mail communication inclusive of any files or attachments thereto, is to be deemed as strictly private and confidential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms of Law. If you are not the/or one of the intended addressee or addressees of this e-mail communication, you must not use, disclose, copy, distribute or retain this message or any part of it. If you have received this email in error, please notify us immediately and delete all copies of this email from your computer system(s). All rights relative to any such resultant infringement are being left unprejudiced. From: @hrminternational.com.mt] Sent: Wednesday, March 16, 2016 3:49 PM To: ' Cc: ' Subject: RE: Wise Ltd - Consultancy services agreement Dear , Many thanks, Is the project manager someone employed by Wise or is he subcontracted too? Regards HRM International Ltd 30/9, Cresta Apartments, Imradd Street, Ta’ Xbiex XBX 1150 Tel +356 Mob +356 www.hrminternational.com.mt The information contained in this e-mail communication inclusive of any files or attachments thereto, is to be deemed as strictly private and confidential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms of Law. If you are not the/or one of the intended addressee or addressees of this e-mail communication, you must not use, disclose, copy, distribute or retain this message or any part of it. If you have received this email in error, please notify us immediately and delete all copies of this email from your computer system(s). All rights relative to any such resultant infringement are being left unprejudiced. From: @fidequity.pt] Sent: Wednesday, March 16, 2016 3:50 PM To: Cc: ' Subject: RE: Wise Ltd - Consultancy services agreement Dear I will contact the project manager to get that information and get back to you as soon as possible. Regards, @hrminternational.com.mt] Enviada: 16 de março de 2016 14:45 Para: @fidequity.pt> Cc: @hrminternational.com.mt> Assunto: RE: Wise Ltd - Consultancy services agreement Dear One last question. I understand that all the work will be subcontracted given that Wise does not have the human resources and specific know-how. Could you kindly send me engagement letters and/or agreements entered into with the various subcontractors? Regards HRM International Ltd 30/9, Cresta Apartments, Imradd Street, Ta’ Xbiex XBX 1150 Tel +356 Mob +356 www.hrminternational.com.mt The information contained in this e-mail communication inclusive of any files or attachments thereto, is to be deemed as strictly private and confidential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms of Law. If you are not the/or one of the intended addressee or addressees of this e-mail communication, you must not use, disclose, copy, distribute or retain this message or any part of it. If you have received this email in error, please notify us immediately and delete all copies of this email from your computer system(s). All rights relative to any such resultant infringement are being left unprejudiced. From: @hrminternational.com.mt] Sent: Wednesday, March 16, 2016 11:55 AM To: Cc: Subject: RE: Wise - Consultancy services agreement HI-, Thanks for the info. I am just considering our options from an accounting and tax point of View. Most probably we will report the direct costs incuired in December as work in progress while the other costs will be expensed this year. From a tax point of View I will look into whether we can claim a deduction for the other administrative expenses including the legal fees incurred throughout the year. The amount is not material in any case. Will revert and let you know once we ?nalise Regards HRM International 30/ 9, Cresta Apartments, Imradd Street, Ta? Xbiex XBX 1150 Tel +356? Mob +356? .c0m.mt The information contained in tltis e-mail communication inclusive of any ?les or attachments thereto. is to be deemed as strictly private and con?dential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms ofLau?. Ifyou are not the/or one of the intended addressee or addressees of this e?mail communication, you must not use. disclose. copy. distribute or retain this message or anypart of it. Ifyou have received this entail in error. please notify us immediately and delete all copies of this emailfrom your computer systemts). All rights relative to any such resultant infringement are being left unprejudiced. From: Sent: Wednesday, March 16, 2016 11:46 AM To: Subiect: RE: Wise - Consultancv services aareement Hi- Please see my comments below. Regards, De: Enviada: 16 de marco de 2016 10:24 Pam lnmirrternational .com .mt> Assunto: RE: Wise Consultancy services agreement Dear? Thanks for the agreement. I understand that the sales invoices raised in 2015 relate to services to be performed in 2016. In this regard could you kindly clarify the following: What do the invoices issued by VDA in December 2015 cover?? 13 it related to the services to be provided in terms of the consultancy agreement and did work start in 2015? Was any ?eldwork carried out in 2015?? It?s related to the services to be provided in terms of the consultancy agreement. The project of?cially started on the 4th of January 2016, It?s possible that some work was done before year end, but I don?t think it?s a relevant part. There is also a VDA invoice dated September 2015. Does that relate to legal advice given in cormectiorr with the consultancy agreement? Yes, it was preliminary steps before the start of the project. From a sales point of View you raised 2 invoices in 2015 for 30% and 20% respectively. This does not match the payment terms according to the agreement. How come? It was decided in a treasury point of view. It?s very dif?cult to receive funds from Angola (due to the decrease in the oil price, Angola has currency problems). Also the amount charged is more than the multiplied by $8 ,500,000. Did you add Angolan tax? The amounts were calculated as follows: 2 550 000 1 700 000 6,5% 6,5% 2 727 273 1 818 182 In Angola there is a withholding tax of 6,5%. To receive 2.550.000 EUR you should invoice 2.727.273 EUR. In the first invoice the Ministry of Finance transferred the total amount. The difference will be offset against another payment in the future. Regards HRM International Ltd 30/9, Cresta Apartments, Imradd Street, Ta’ Xbiex XBX 1150 Tel +356 Mob +356 www.hrminternational.com.mt The information contained in this e-mail communication inclusive of any files or attachments thereto, is to be deemed as strictly private and confidential and is intended solely for the attention and use of the named and designated addressee or addressees. This information may well be subject to Data Protection regulations in terms of Law. If you are not the/or one of the intended addressee or addressees of this e-mail communication, you must not use, disclose, copy, distribute or retain this message or any part of it. If you have received this email in error, please notify us immediately and delete all copies of this email from your computer system(s). All rights relative to any such resultant infringement are being left unprejudiced. From: @fidequity.pt] Sent: Tuesday, March 15, 2016 6:54 PM To: Cc: Subject: Wise Ltd - Consultancy services agreement Hi Please find attached the signed version of the consultancy services agreement between Wise Ltd and the Ministry of Finance of Angola, as well as the translation into English. Regards,