Memorandum of understanding

DGAP-News: Memorandum of Understanding

Friday, May 22, 2020 - 7:01pm

Ltd. (the "Buyer Entity"), an advanced digital technology company incorporated in Singapore, have entered into a memorandum of understanding (the "Memorandum of Understanding"), under which, the Company (or its nominee) and the Buyer Entity will negotiate in good faith to enter into a definitive binding agreement (the "Formal Agreement") to acquire (the "Proposed Acquisition") the controlling equity share capital in the company (the "Target Company").

Key Points: 
  • Ltd. (the "Buyer Entity"), an advanced digital technology company incorporated in Singapore, have entered into a memorandum of understanding (the "Memorandum of Understanding"), under which, the Company (or its nominee) and the Buyer Entity will negotiate in good faith to enter into a definitive binding agreement (the "Formal Agreement") to acquire (the "Proposed Acquisition") the controlling equity share capital in the company (the "Target Company").
  • The Memorandum of Understanding is exclusive and confidential and is legally binding and irrevocable.
  • If the Formal Agreement cannot be entered into by the expiry of such period, the Memorandum of Understanding shall be terminated.
  • Further announcement will be made by the Company when the Company enters into the Formal Agreement or the Company decides to terminate if applicable to the Memorandum of Understanding or there is any material development on the Proposed Acquisition.

Memorandum of Understanding Signed Between OFCCP, DirectEmployers Association and the National Association of State Workforce Agencies

Wednesday, March 11, 2020 - 10:00am

On Thursday, February 13, 2020, the Department of Labors Office of Federal Contract Compliance Programs (OFCCP), DirectEmployers Association , and the National Association of State Workforce Agencies (NASWA) signed a formal Memorandum of Understanding (MOU).

Key Points: 
  • On Thursday, February 13, 2020, the Department of Labors Office of Federal Contract Compliance Programs (OFCCP), DirectEmployers Association , and the National Association of State Workforce Agencies (NASWA) signed a formal Memorandum of Understanding (MOU).
  • Specifically, this MOU seeks to increase the efficiency of the OFCCPs compliance evaluations and investigations of federal contractors.
  • National Association of State Workforce Agencies (NASWA) is the organization representing all 50 state workforce agencies, D.C. and U.S. territories.
  • NASWA provides policy expertise, shares promising state practices, and promotes state innovation and leadership in workforce development.

Hexindai Announces Strategic Cooperation with Entertainment Manufacturing International Culture Media Group Co. Limited to Develop Business

Friday, December 20, 2019 - 9:30pm

BEIJING, Dec. 20, 2019 /PRNewswire/ -- Hexindai Inc.(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace inChina, today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") of intent to establish a strategic cooperation with Entertainment Manufacturing International Culture Media Group Co. Limited ("YRZZ"), an affiliate of the Color World Entertainment Limited ("Color World"), and further jointly develop business moving forward.

Key Points: 
  • BEIJING, Dec. 20, 2019 /PRNewswire/ -- Hexindai Inc.(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace inChina, today announced that it has entered into a non-binding Memorandum of Understanding ("MOU") of intent to establish a strategic cooperation with Entertainment Manufacturing International Culture Media Group Co. Limited ("YRZZ"), an affiliate of the Color World Entertainment Limited ("Color World"), and further jointly develop business moving forward.
  • YRZZis a leading live event entertainment company in Asia, equipped with abundant resources to seamlessly facilitate a variety of world-class live entertainment and performances.
  • Under the terms of the MOU, this strategic cooperation will allow Hexindai and Color World Entertainment Limitedto develop and diversify the business by providing comprehensive services for the entertainment market, starting in 2020."
  • This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended.

Azelio Sets up Commercial Project in Zambia

Thursday, October 17, 2019 - 9:50am

STOCKHOLM, Oct. 17, 2019 /PRNewswire/ -- Azelio has signed a Memorandum of Understanding (MoU) with the Swedish company Nordic Distributed Power AB (ND Power) for a small-scale project in Zambia.

Key Points: 
  • STOCKHOLM, Oct. 17, 2019 /PRNewswire/ -- Azelio has signed a Memorandum of Understanding (MoU) with the Swedish company Nordic Distributed Power AB (ND Power) for a small-scale project in Zambia.
  • The installation will operate under real-world commercial terms and serve as a model for ND Power's future installations in the Southern African region.
  • The initial project is a plant of 50 kWe in Zambia, set to become operational in Q3 2020.
  • Azelio will receive some revenue from the initial project but the MoU is, as the second commercial statement of intent, primarily of strategic importance.

Azelio Sets up Commercial Project in Zambia

Thursday, October 17, 2019 - 9:48am

STOCKHOLM, Oct. 17, 2019 /PRNewswire/ -- Azelio has signed a Memorandum of Understanding (MoU) with the Swedish company Nordic Distributed Power AB (ND Power) for a small-scale project in Zambia.

Key Points: 
  • STOCKHOLM, Oct. 17, 2019 /PRNewswire/ -- Azelio has signed a Memorandum of Understanding (MoU) with the Swedish company Nordic Distributed Power AB (ND Power) for a small-scale project in Zambia.
  • The installation will operate under real-world commercial terms and serve as a model for ND Power's future installations in the Southern African region.
  • The initial project is a plant of 50 kWe in Zambia, set to become operational in Q3 2020.
  • Azelio will receive some revenue from the initial project but the MoU is, as the second commercial statement of intent, primarily of strategic importance.

VEREIT® Enters Into Agreements to Settle Pending Litigations

Monday, September 9, 2019 - 9:15pm

PHOENIX, Sept. 9, 2019 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) announced today that VEREIT, Inc. and VEREIT Operating Partnership, L.P. (the "Operating Partnership" and, together with VEREIT, Inc., "VEREIT" or the "Company") entered into agreements to settle certain outstanding litigation, including the pending class action litigation, In re American Realty Capital Properties, Inc.

Key Points: 
  • PHOENIX, Sept. 9, 2019 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) announced today that VEREIT, Inc. and VEREIT Operating Partnership, L.P. (the "Operating Partnership" and, together with VEREIT, Inc., "VEREIT" or the "Company") entered into agreements to settle certain outstanding litigation, including the pending class action litigation, In re American Realty Capital Properties, Inc.
  • On September 8, 2019, the Company signed a Memorandum of Understanding ("MOU") providing for the settlement of the Class Action (the "Class Action MOU").
  • The Class Action settlement is subject to court approval and is conditioned on approval of the Derivative Action settlement.
  • Glenn J. Rufrano, Chief Executive Officer, stated, "VEREIT is pleased to enter into agreements that we expect will bring these litigations to a conclusion.

The Governments of Canada and Ontario Reach a Memorandum of Understanding on the Université de l'Ontario Français

Saturday, September 7, 2019 - 10:35pm

OTTAWA AND TORONTO, Sept. 7, 2019 /CNW/ - The governments of Canada and Ontario have formally committed to working together toward the establishment of the Universit de l'Ontario franais through a Memorandum of Understanding (MOU).

Key Points: 
  • OTTAWA AND TORONTO, Sept. 7, 2019 /CNW/ - The governments of Canada and Ontario have formally committed to working together toward the establishment of the Universit de l'Ontario franais through a Memorandum of Understanding (MOU).
  • The Honourable Mlanie Joly, Minister of Tourism, Official Languages and La Francophonie, signed on behalf of the Government of Canada.
  • By signing this MOU, both governments are affirming their commitment to address the needs of the more than 600,000 Francophones in Ontario with respect to postsecondary education.
  • "We are pleased to announce Ontario has signed a Memorandum of Understanding with the federal government to fund the university, this is a great first step.

USDA and IFYE hold Ceremony To Sign Memorandum

Friday, September 6, 2019 - 8:32pm

The two organizations signed a formal Memorandum of Understanding (MOU) to advance the public interest in international agriculture through rural-based international exchanges.

Key Points: 
  • The two organizations signed a formal Memorandum of Understanding (MOU) to advance the public interest in international agriculture through rural-based international exchanges.
  • The MOU was signed by U.S. Deputy Secretary of Agriculture Steve Censky and IFYE President Victoria Fehrmann Warren.
  • "As a young person, I took part in the IFYE international exchange program.
  • USDA will identify mutual short- and long-term interests, including information sharing and professional development opportunities for IFYE and IFYE alumni.

Seedo Signs MOU to Secure $30 Million Commercial Line of Credit to Finance Consumer Leasing of Its Home Grow Units

Tuesday, August 6, 2019 - 12:17pm

The MOU is non binding and the parties plan to enter into definitive agreements within 60 days.

Key Points: 
  • The MOU is non binding and the parties plan to enter into definitive agreements within 60 days.
  • Seedo has received highly encouraging feedback and positive reviews from customers who have completed their first grow cycle in the home grow unit.
  • Now, the company intends to use this commercial line of credit, once finalized, to launch a home-grow unit leasing business model.
  • In addition, the MOU to secure the line of credit to finance our new leasing model is a non-binding instrument, and we cannot be sure that we will enter into a definitive agreement.

UK ICO and PDPC Sign MOU for Mutual Regulatory Interest

Saturday, July 6, 2019 - 1:13pm

UK's Information Commissioner's Office (ICO) and the PDPC signed a Memorandum of Understanding (MOU) today in London.

Key Points: 
  • UK's Information Commissioner's Office (ICO) and the PDPC signed a Memorandum of Understanding (MOU) today in London.
  • The MOU sets out how the two regulatory bodies will engage in the cross-sharing of experiences, exchange of best practices, staff exchanges, joint research projects and information exchange on regulatory approaches and activities.
  • It forms the basis of the working relationship between the two bodies going forward in matters of mutual regulatory interest.