ASSESSMENT OF THE TERMS OF THE 2010 MANAGEMENT AGREEMENT Sample Clauses

ASSESSMENT OF THE TERMS OF THE 2010 MANAGEMENT AGREEMENT. In evaluating the terms of the 2010 Management Agreement, we have considered the following pertinent factors for our assessment: (i) rationale for entering into the 2010 Management Agreement; (ii) comparison of the fees payable to Xxxxxxxxxxx pursuant to the 2010 Management Agreement (the “Management Fees”) with fees paid by selected companies that are listed on the SGX-ST for services rendered to or by their interested persons; (iii) financial effects of the transactions contemplated under the 2010 Management Agreement; and (iv) other relevant factors. 4.1 Rationale of the 2010 Management Agreement 4.2 Comparison of the Management Fees with fees paid by selected companies that are listed on the SGX-ST 4.3 Financial effects of arrangements contemplated under the 2010 Management Agreement (a) the monthly fees of up to US$200,000; and (b) assuming that New Investments in an amount equal to the aggregate cash balance of the Company (less a reasonable working capital reserve to be established by the Audit Committee) as at 30 June 2010 are undertaken, the management fees, is not expected to have any material impact on the NTA per Share and earnings per Share of the Group for the current financial year ending 30 June 2011. The total potential payments in (a) and (b) above amount to approximately 2.1% of the consolidated audited NTA of the Group for the financial year ended 30 June 2010. We note further that the financial effects from the monthly management fees in respect of New Investments when made using New Capital and the payment of carried interest to Xxxxxxxxxxx, if any, cannot be ascertained as of the Latest Practicable Date as they are dependent on various factors which can only be subsequently determined after the EGM. Such factors include (inter alia): (a) the amount of New Capital raised and invested in New Investments; (b) the timing as to when New Investments are made and when they are divested; and (c) the realised returns on New Investments.
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Related to ASSESSMENT OF THE TERMS OF THE 2010 MANAGEMENT AGREEMENT

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