EXHIBIT 10.8
TRA.1134-17/N
PROFESSIONAL SERVICES AGREEMENT
Witnesseth hereby the Professional Services Agreement entered into by and betweenCAMPOSOL S.A., holder of Tax ID Number (RUC) 20340584237, with principal place of business at Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, acting by and through itsattorney-in-fact, Maria Cristina COUTURIER LLERENA, holder of National Identity Card (DNI) 10544281, according to the power of attorney registered in Electronic Card 11009728 of the Registry of Companies in and for Lima and El Callao, hereinafter referred to as “CAMPOSOL”; andGESTORA DEL PACIFICO S.A.C., holder of Tax ID Number (RUC) 20600686756, with principal place of business at Av. El Derby 250, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, acting by and through itsattorneys-in-fact, Rosa Amelia CORIAT VALERA, holder of National Identity Card (DNI) 08203288, and Juan Sebastian WONG PINCHEZ, holder of National Identity Card (DNI) 06059505, according to the powers of attorney registered in Electronic Card 13486904 of the Registry of Companies in and for Lima, hereinafter referred to as the “CONSULTANCY FIRM”, under the following terms and conditions:
| ONE: | PURPOSE |
TheCONSULTANCY FIRM hereby agrees and undertakes to provide the following services toCAMPOSOL:
| I. | Participation of the D&C Group members in the Board of Directors ofCAMPOSOL |
| II. | Management consulting in: |
(i) Investor Relations
(ii) Corporate Strategy and Finance
It should be noted that the scope of the service shall be defined in the Exhibit, which is part of this Agreement.
| TWO: | TERM |
The term of the Agreement entered into by and betweenCAMPOSOL and theCONSULTANCY FIRM for the service described in Article One shall be six (6) months as from the execution hereof.
At the end of said term, the parties may renew the Agreement for similar periods or for the period agreed upon by the parties through an addendum.
| THREE: | CONSIDERATION AND METHOD OF PAYMENT |
The fees to be charged by theCONSULTANCY FIRM for the management consulting service amounts to USD 79,166.70 (Seventy-Nine Thousand, One HundredSixty-Six US Dollars and seventy cents) per month plus VAT, which shall be paid within five (5) days following the submission of the pertinent invoice.
| FOUR: | OBLIGATIONS OF THE PARTIES |
| 4.1 | CONSULTANCY FIRM |
TheCONSULTANCY FIRM shall devote as much time as needed to efficiently and carefully carry out the duties referred to in Article One hereof, which are part of a comprehensive and complete task.
Likewise, theCONSULTANCY FIRMhereunder agrees to:
| 1. | Issue special reports of financial position, progress or any other report requested byCAMPOSOL in a timely fashion. |
| 2. | Perform, in an efficient and diligent manner, all other obligations arising herefrom and those proposed in the Exhibit, which is part of this Agreement. |
| 3. | Comply with the provisions, policies, internal rules, procedures, codes of conduct, as well as with the values promoted byCAMPOSOL. |
| 4.2 | CAMPOSOL |
CAMPOSOL undertakes to:
| 1. | Pay on time for the service in the manner and amount agreed upon. |
| 2. | Make the arrangements and provide the information necessary to carry out the requested service. |
| 3. | Fulfill all the other obligations and reimburse the general costs arising herefrom such as travel, accommodation and entertainment expenses, and others that may be necessary to adequately provide the service as required by and previously coordinated with CAMPOSOL. |
| FIVE: | SERVICE AUTONOMY |
Both parties expressly agree that, due to the civil nature of this Agreement, no labor relationship shall be created betweenCAMPOSOL and the technical staff employed or appointed by theCONSULTANCY FIRM to provide the service subject matter hereof or any other staff working for said firm.
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| SIX: | CONFIDENTIALITY |
TheCONSULTANCY FIRMhereby expressly, unconditionally and irrevocably undertakes to treat with absolute confidentiality the information provided by CAMPOSOL, being bound not to communicate or disseminate, whether privately or publicly, said information, as well as to take the necessary measures to protect the confidentiality and prevent the possession and use – by persons or organizations other than theCONSULTANCY FIRMor by its own officers not associated with the evaluation thereof – of said information, unless the dissemination of information has been previously coordinated and unquestionably approved by the coordinator ofCAMPOSOL.
In the event that theCONSULTANCY FIRM fails to comply with the provisions of the preceding paragraph,CAMPOSOL may terminate this Agreement as a matter of law and demand theCONSULTANCY FIRM to pay the pertinent compensation for the duly proven damages and losses.
| SEVEN: | CONTACT |
BothCAMPOSOL and theCONSULTANCY FIRM undertake to appoint coordinators who, in addition to their duties such as verify the fulfillment of the Agreement, shall be representatives in charge of the performance of this Agreement.
| CAMPOSOL | ||
| Coordinator: | María Cristina COUTURIER LLERENA | |
| Domicile: | Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco. | |
| Telephone: | +51 621 0800 | |
| CONSULTANCY FIRM | ||
| Coordinator: | Maria Elena OLMOS VINCES | |
| Domicile: | Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco. | |
| Telephone: | +51 634 4100 | |
| EIGHT: | TERMINATION |
This Agreement may be terminated by mutual agreement of the parties. To this end, they shall execute the pertinent Mutual Termination agreement, which does not give rise to the payment of any penalty by the parties.
Moreover, any Party may terminate this Agreement due to thenon-performance of obligations by the other party, in which case the affected party may take legal actions regarding saidnon-performance of obligations with the purpose of rendering the Agreement null and void.
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| NINE: | PENALTIES |
IfCAMPOSOLunilaterally terminates the Agreement or fails to fulfill any of the obligations established herein, it shall undertake to compensate the affected party by paying the total of the amount set out in Article Three for the term of this Agreement.
| TEN: | SETTLEMENT OF DISPUTES |
Any disagreement or dispute that may arise herefrom, in connection with the interpretation and/or fulfillment and/or enforcement of any and all obligations arising herefrom, as well as of those related to the voidability or invalidity of this Agreement, must be submitted to anout-of-court settlement proceeding, in which the representatives of both parties shall attempt to settle the conflict of interests.
In the event that the parties fail to settle all or some of the controversial issues, the dispute shall be submitted to the jurisdiction and competence of the Judges and Courts of the Judicial District of Cercado de Lima.
| ELEVEN: | DOMICILE |
For any in orout-of-court communication related to the interpretation, performance and fulfillment of this Agreement, the parties indicate as their respective domiciles those established in the introductory part hereof.
Any change of domicile must be notified in writing to the other party, being the new domicile located within the urban area of Lima, and it shall take effect after the date the pertinent notice is forwarded to the other party by notarial means, i.e. ten (10) business days upon receipt of the notice. Otherwise, the previous domicile shall be considered as valid.
| TWELVE: | SUPPLEMENTAL APPLICATION OF THE LAW |
For any matter not expressly provided for herein, the rules of the Peruvian Civil Code shall be applicable.
In witness whereof, the parties execute this Agreement in two identical counterparts in the city of Lima this 30th day of June, 2016.
CAMPOSOL: | ||
| (By) | /s/ Maria Cristina Couturier Llerena | |
| Maria Cristina Couturier Llerena | ||
| CAMPOSOL S.A. | ||
The CONSULTANCY FIRM: | ||
| (By) | /s/ Rosa Amelia Coriat Valera | |
| Rosa Amelia Coriat Valera | ||
| GESTORA DEL PACIFICO S.A.C. | ||
| (By) | /s/ Juan Sebastian Wong Pinchez | |
| Juan Sebastian Wong Pinchez | ||
| GESTORA DEL PACIFICO S.A.C. | ||
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EXHIBIT
CONSULTANCY SERVICES
Advisory, consultancy and management services for the development of strategies, organization, planning, contribution and/or implementation of solutions to management, business problems, as well as the discovery and assessment of new business opportunities, management for the change of managerial skills. In addition, the services shall include the following:
| i. | Participation of the D&C Group members in the Board of Directors of CAMPOSOL |
| 1. | Participation of Samuel DYER CORIAT as Chairman of the Board of Directors. |
| 2. | Participation of Piero DYER CORIAT as Director |
| 3. | Participation of Sheyla DYER CORIAT as Director |
| 4. | Attendance to the meetings of the board of directors and the corresponding committees. |
| ii. | Management consulting in: |
| (i) | Investor Relations: |
| 1. | Definition of the Investor Relations Policy of D&C Group |
| 2. | Advisory services to CAMPOSOL on the following topics: |
| a) | Communication strategy with investors, bondholders, and financial market in order to maintain and raise interest in the company. |
| b) | Communication strategy with credit rating agencies as part of the annual and continuous review of the company’s rating. |
| c) | Presentations and corporate material for investors including quarterly audited financial reports based on the accounting information. |
| d) | Annual calendar of events (national and international) in order to strengthen the corporate image and draw the attention of investors. |
| iii. | Corporate Strategy and Finance |
| 1. | Supervision in the design of strategies and growth opportunities for the company |
| 2. | Advisory services to CAMPOSOL on the following topics: |
| a) | Financial structuring to satisfy the company’s medium and long-term financial needs with national and international institutions. |
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| b) | Audit process of the company’s consolidated financial statements. |
| c) | Accounting-financial consultancy services. |
—————-
| Approved by: | ||
| (signed) | /s/ Maria E. Olmos | |
| Maria E. Olmos | ||
| CFO / Seal | ||
—————-
| Approved by: |
| (illegible signature) |
| Legal Department |
| Camposol S.A. / Seal |
—————-
| LRH/EB-rmc |
| 0111141K17 |
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TRA.1135-17/N
ADDENDUM TO THE SERVICE AGREEMENT
Witnesseth hereby the Addendum to the Service Agreement (hereinafter referred to as the “Agreement”) entered into by and betweenGESTORA DEL PACIFICO S.A.C., holder of Tax ID Number (RUC) 20600686756, with principal place of business at Av. El Derby 250, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, acting by and through Maria Elena OLMOS VINCES, holder of National Identity Card (DNI) 41340206, and Juan Sebastian WONG PINCHEZ, holder of National Identity Card (DNI) 06059505, according to the powers of attorney registered in Electronic Card 13486904 of the Registry of Companies of the Public Records Office in and for Lima, hereinafter referred to as the “CONSULTANCY FIRM”; andCAMPOSOL S.A., holder of Tax ID Number (RUC) 20340584237, with principal place of business at Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, acting by and through Maria Cristina COUTURIER LLERENA, holder of National Identity Card (DNI) 10544281, according to the power of attorney registered in Electronic Card 11009728 of the Registry of Companies of the Ninth Registration Area – Lima Office, hereinafter referred to as “CAMPOSOL”, under the following terms and conditions:
| ONE: | RECITALS |
On June 30, 2016,CAMPOSOL and theADVISORY FIRMentered into a service Agreement whereby theADVISORY FIRM agreed and undertook toCAMPOSOL to provide the following services:
| I. | Participation of the D&C Group members in the Board of Directors ofCAMPOSOL |
| II. | Management consulting in: |
| (i) | Investor Relations |
| (ii) | Corporate Strategy and Finance |
| TWO: | PURPOSE OF THE ADDENDUM |
The parties agree to amend Articles Two and Four of theAGREEMENT, so that they shall henceforth read as follows:
TWO: TERM
The term of the Agreement entered into by and betweenCAMPOSOL and theADVISORY FIRM for the service described in Article One shall be one (1) year and six (6) months as from the execution hereof.
At the end of said term, the parties may renew the Agreement for similar periods or for the period agreed upon by the parties through an addendum.
FOUR: OBLIGATIONS OF THE PARTIES
4.1 CONSULTANCY FIRM
TheCONSULTANCY FIRM shall devote as much time as needed to efficiently and carefully carry out the duties referred to in Article One hereof, which are part of a comprehensive and complete task.
Likewise, theCONSULTANCY FIRMhereunder agrees to:
| 1. | Issue quarterly reports containing the services provided by theCONSULTANCY FIRMin relation to the subject matter hereof, and in compliance with the services described in theEXHIBIT. |
| 2. | Perform, in an efficient and diligent manner, all other obligations arising herefrom and those proposed in the Exhibit, which forms an integral part of this Agreement. |
| 3. | Comply with the provisions, policies, internal rules, procedures, codes of conduct, as well as with the values promoted byCAMPOSOL. |
4.2 CAMPOSOL
CAMPOSOL undertakes to:
| 1. | Pay on time for the service in the manner and amount agreed upon. |
| 2. | Make the arrangements and provide the information necessary to carry out the requested service. |
| 3. | Fulfill all the other obligations and reimburse the general costs arising herefrom such as travel, accommodation and entertainment expenses, and others that may be necessary to adequately provide the service as required by and previously coordinated with CAMPOSOL. |
| THREE: | EFFECTIVENESS OF THE OTHER TERMS OF THE AGREEMENT |
With the exception of the amendment to theAGREEMENT established in the preceding Article Two, the other terms and conditions agreed upon in the Agreement datedJune 30, 2016, shall remain in full force and effect until the expiration of thisAGREEMENTsince they have not been amended.
In witness whereof, the parties execute this Agreement in two counterparts in the city of Lima this 23rd day of December, 2016.
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The CONSULTANCY FIRM: | ||
| (By) | /s/ Juan Sebastian Wong Pinchez | |
| Juan Sebastian Wong Pinchez | ||
| Attorney-in-fact | ||
| GESTORA DEL PACIFICO S.A.C. | ||
| (By) | /s/ Maria Elena Olmos Vinces | |
| Maria Elena Olmos Vinces | ||
| Attorney-in-fact | ||
| GESTORA DEL PACIFICO S.A.C. | ||
| CAMPOSOL: | ||
| (By) | /s/ Maria Cristina Couturier Llerena | |
| Maria Cristina Couturier Llerena | ||
| Attorney-in-fact | ||
| CAMPOSOL S.A. | ||
—————-
| Approved by: |
/s/ P. Aguado |
| P. Aguado |
| Legal Department / (seal) |
—————-
| LRH/EB-rmc |
| 0111135K17 |
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