Letter to Mr Keith Vaz MP
from Mr Nadhmi Shakir Auchi
Following our recent discussions, I am pleased to
confirm the proposal previously made to you.
Your appointment is to the Board of General Mediterranean
Holding (UK) Ltd ("GMH UK").
This, in itself, should not be too onerous as the
Board shall meet say, twice a year.
Your appointment will be deemed to commence as from
January 1, 1999. The basic fee, per annum, for carrying out your
duties as a director is US$20,000.00.
Payment of your fees shall be against fee notes,
either monthly or quarterly in arrears.
I hope that you are agreeable to the above terms.
If so, kindly return the accompanying duplicate with your signature
to indicate your acceptance.
26 January 1999