Africa Growth Corporation Lawsuit Document Angola

Case 1:19-cv-21995-KMW Document 1 Entered on FLSD Docket 05/16/2019 Page 1 of 17
IN THE UNITED STATES DISTRICT COURT

FOR THE SOUTHERN DISTRICT OF FLORIDA
CASE NO.: _______
Africa Growth Corporation,
Plaintiff,
v.
Republic of Angola,
Defendant.
_____________________________________/
VERIFIED COMPLAINT
Plaintiff Africa Growth Corporation (“AFGC”), a publicly-traded, U.S. shareholder-
owned Nevada corporation, sues defendant Republic of Angola (“Angola”) and alleges as
follows:
NATURE OF THE ACTION
1. Angola has a long and unfortunate history of governmental corruption, fraud and
other unlawful conduct that has caused foreign investors and businesses to undertake additional
precautionary measures and enhanced due diligence before engaging and operating within its
borders. Although Angola recently has sought to rebrand itself and has represented itself to be a
more transparent and investor-friendly nation, its past remains its present. AFGC regrettably has
learned this lesson by direct experience. Despite acting with the requisite care and due diligence
and obtaining the advice of leading international law and accounting firms and auditors before
investing in Angola, thereby having entered the Angolan business market with the best possible
risk management, AFGC now constitutes one of Angola’s latest foreign investor victims.
2. Specifically, in the interest of resolving a more than two-year old dispute relating
to Angola’s unlawful seizure and expropriation of assets and real property lawfully owned by
AFGC and its Angolan subsidiaries (claims which are currently valued at approximately USD 95
million), AFGC entered into a settlement agreement with Angola in Lisbon, Portugal on
February 12, 2019 (“Settlement Agreement”). The Settlement Agreement provided that Angola
would make a lump-sum payment to AFGC of USD 47.5 million by wire transfer into the bank
account of AFGC’s Miami-based U.S. lawyers (Shutts & Bowen) on or before February 27,
2019.
3. During the negotiations leading up to and upon entering the Settlement
Agreement, Angola repeatedly represented to AFGC that the agreed settlement had the personal
approval and direct support of Angolan President Joao Lourenço (“President Lourenço”) and that
its representatives were fully empowered to enter into a final and binding settlement with AFGC
on behalf of the Republic of Angola.
4. Angola has failed to make the agreed payment to AFGC’s counsel in Florida and
has thereby breached the Settlement Agreement.
5. In this action, AFGC seeks the immediate enforcement of the terms of the
Settlement Agreement and such other and further relief as the Court may order.
THE PARTIES
6. Plaintiff, AFGC, is a Nevada corporation with its registered office address in Las
Vegas, Nevada. AFGC is a U.S. publicly-traded, OTC-listed company. The majority of AFGC’s
stock is owned by U.S. shareholders and the majority of members of its board of directors are
U.S. citizens.
7. Defendant Angola is a “foreign state” within the meaning of 28 U.S.C. § 1603(a).
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JURISDICTION AND VENUE
8. This Court has jurisdiction over this cause pursuant to 28 U.S.C. § 1330(a), which
provides that “[t]he district courts shall have original jurisdiction without regard to amount in
controversy of any nonjury civil action against a foreign state” within the meaning of 28 U.S.C.
§ 1603(a). Accordingly, this Court has jurisdiction over Angola pursuant to 28 U.S.C. § 1330(a)
and 28 U.S.C. § 1603(a).
9. Defendants are not immune from the jurisdiction of this Court in this case under
the Foreign Sovereign Immunities Act, 28 U.S.C. § 1604, for the following reasons:
a. Pursuant to 28 U.S.C. § 1605(a)(1), Angola has waived its immunity
explicitly, or alternatively, by implication; and
b. Pursuant to 28 U.S.C. § 1605(a)(2), Angola has performed acts outside the
territory of the United States in connection with a commercial activity, and
said acts have caused a direct effect in the United States.
10. By virtue of Angola’s agreements, representations, and conduct, Angola has
waived its immunity from jurisdiction. Specifically, Angola entered into the Settlement
Agreement, pursuant to which it agreed to compensate AFGC in the amount of USD 47.5 million
by making payments to AFGC in the United States, and in particular, to the Florida bank account
of AFGC’s U.S. legal counsel in exchange for release of AFGC’s rights and claims to the real
property and businesses that were unlawfully expropriated by Angola. Angola also has waived
its immunity from jurisdiction through written communications between representatives of the
Angolan government and representatives of AFGC, including undersigned legal counsel.
11. This action likewise is based upon a commercial activity, namely, it arises out of
an agreement pursuant to which Angola committed to paying USD 47.5 million to AFGC for the
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transfer of all rights to the property owned by AFGC, which is located in Luanda, Angola, and
the transfer of all related claims to the Angolan government. Thus, Angola agreed to undertake a
commercial transaction in which AFGC agreed to relinquish all of its rights and title in said
property to Angola in exchange for payment of USD 47.5 million.
12. Angola is not immune from the jurisdiction of this Court because it undertook
acts that caused a direct effect in the United States, including, without limitation, in the following
manner:
a. Angola agreed to pay AFGC USD 47.5 million to a designated bank
account in Florida; and
b. Angola breached its agreement to pay USD 47.5 million to a designated
bank account in Florida.
13. AFGC has suffered damages as a direct result of Angola’s breach of the
Settlement Agreement in an amount in excess of USD 47.5 million.
14. Venue is proper in the United States District Court for the Southern District of
Florida pursuant to 28 U.S.C. § 1391(f)(1), in that a substantial and material part of the events or
omissions giving rise to the Complaint occurred within this District, specifically Angola
breached its contract by failing to perform through payment of USD 47.5 million due and owing
in Miami-Dade County, Florida.
GENERAL ALLEGATIONS
I. After Angola takes AFGC’s Angolan Assets, AFGC files suit and pursues legal
remedies against Angola in Angola and the United States.
15. In early 2015, AFGC formed Angolan-based subsidiaries and legally acquired
certain real estate and commercial properties, including registered title thereto, in the Angolan
capital of Luanda (“AFGC Properties”). AFGC’s wholly-owned Angolan subsidiaries include
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Illico Lda. (“Illico”), AGPV Lda (“AGPV”) and Maximilio Lda (“Maximilio”) (collectively, the
“AFGC Angolan Subsidiaries”). The AFGC Angolan Subsidiaries own four commercial
properties in Angola known as Isha 1, Isha 2, Isha 2.5, and Pina, all located in Luanda, Angola,
along with bank accounts and other property (collectively, the “AFGC Angolan Assets”). AFGC
managed apartment complexes on these properties and subsequently leased apartment units to
Angolan residents and the employees of foreign companies operating in Angola. AFGC intended
to use the rental proceeds from the AFGC Properties to build and develop affordable housing
units for low- to middle-income families in Angola. The AFGC Angolan Assets comprise a
principal asset of AFGC.
16. Beginning in late 2016, Angola, through high-ranking government officials and
government agencies, conspired to use fraudulent documents, abuse of power, forgery,
intimidation and force of arms to gain control over the AFGC Angolan Subsidiaries in order to
seize and expropriate the AFGC Angolan Assets. These actions were taken in clear violation of
Angolan and international law.
17. Since the unlawful seizure and expropriation of the AFGC Angolan Assets,
AFGC’s efforts to obtain legal remedy and compensation in Angola have been blocked, ignored
and commercially hindered. Indeed, the Angolan Government has actively refused to enforce
orders of the Angolan Court in support of AFGC.
18. Based on the actions of the Angolan government, coupled with the lack of any
recourse in Angola and palpable and repeated threats should AFGC persist in its efforts to restore
its rights to the AFGC Angolan Assets, AFGC was compelled to seek recourse in the United
States courts.1 In November 2017, AFGC filed an action against Angola in the United States
1
There is no existing bilateral or multilateral investment treaty that would provide AFGC,
as a U.S. investor, with a dispute resolution mechanism against Angola, a foreign state. Angola
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District Court of the District of Columbia, Case No. 17-2469-BAH (“D.C. Action”) to recover:
a) the fair market value of the AFGC Properties stolen and rents derived therefrom; b) profits
that otherwise would have continued absent the unlawful seizure of the AFGC Properties; c)
damages arising from third-party investment opportunities with AFGC that were thwarted by the
risks attributed to Angola’s expropriation and unlawful conduct; d) reputational damage to
AFGC; and e) treble damages to which AFGC may be entitled under the civil RICO statutes,
including attorneys’ fees.
II. AFGC and Angola agree to send authorized representatives to meet and discuss
settlement of their ongoing dispute.
19. On January 7, 2019, AFGC prepared and sent a letter that was hand delivered to
Angolan President Lourenço (“January 7 Letter”). See Exhibit A. The January 7 Letter
summarized the pending dispute arising from Angola’s expropriation, unlawful transfer of title,
and seizure of control of the AFGC Angolan Assets. The January 7 Letter demonstrated AFGC’s
willingness to meet with authorized representatives of Angola to settle the pending dispute. Id.
(“To expedite a resolution of its claims, AFGC is willing to have a company representative with
full settlement authority meet this month with an Angolan government representative (also with
full settlement authority) in Portugal, or another suitable location, to amicably resolve this
dispute.”). For the purpose of ensuring a full and final settlement, AFGC conditioned any
settlement meeting on the Angolan government representatives who would be attending having
binding authority to settle with AFGC on behalf of the Republic of Angola.
20. On January 30, 2019, AFGC’s U.S. legal counsel was contacted in Miami-Dade
County, Florida by phone by Dr. Eduarda Rodrigues Neto, Deputy Attorney General for Angola,
and the United States signed a Trade and Investment Framework Agreement (TIFA) in 2009, but
this agreement is not in force and it provides no investor-state dispute resolution mechanism.
Likewise, there is no preexisting treaty concerning immunities and other relevant provisions.
6
who represented that she had been personally directed and authorized by Angolan President
Lourenço to meet with AFGC authorized representatives in Lisbon, Portugal, for the express
purpose of settling the pending dispute between AFGC and Angola. The parties exchanged
communications between January 31 and February 1, 2019, concerning upcoming settlement
negotiations. See Composite Exhibit B.
21. On February 1, 2019, AFGC worked with its undersigned U.S. counsel to prepare
and send a letter to Dr. Rodrigues Neto, as the officially designated representative of Angola for
the purpose of settling the relevant dispute (“February 1 Letter”). See Exhibit C. The February 1
Letter set forth the terms of AFGC’s settlement demand to Angola, in particular the demand for
cash payment in the amount of USD 55 million, and agreed to the meeting with Dr. Rodrigues
Neto, who represented that she was acting on behalf of Angola.
22. A date for the meeting between the designated representatives of AFGC and
Angola was mutually agreed and set for February 12, 2019, to begin at 10:00 a.m. local time in
the EPIC SANA hotel in Lisbon.
III. AFGC and Angolan authorized representatives meet, negotiate and arrive at a
mutually agreed final settlement.
23. On February 12, 2019, as agreed, AFGC met in person with Dr. Rodrigues Neto,
who represented again that she was the specially authorized representative for the Office of the
Angolan Attorney General and was attending the settlement meeting at the express direction of
President Lourenço. Dr. Rodrigues Neto was joined by her colleague, Pedro de Carvalho, who
was introduced to AFGC as another Deputy Attorney General for Angola.
24. Also present at the meeting was a respected Portuguese attorney, Ricardo Veloso,
who was retained by AFGC to serve as an independent third-party English-Portuguese translator
and neutral party during the settlement discussions.
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25. During the settlement negotiations that day, the parties began by discussing some
of the underlying facts of the dispute. After agreeing that AFGC had valid claims against Angola
and Angola conceding that it had been “negligent and shared responsibility” for the unlawful
actions taken against AFGC, the parties also agreed that no further documentation was required
to be exchanged with respect to the relevant facts. Dr. Rodrigues Neto suggested that the parties
put aside the factual claims and move on to discuss financial compensation from Angola to
AFGC for its losses.
26. AFGC explained at that point how it had arrived at its compromise settlement
offer of USD 55 million, as stated in the February 1 Letter. As related to Dr. Rodrigues Neto and
her colleague, the actual loss to AFGC arising from Angola’s seizure of the AFGC Assets was
approximately USD 95 million. This USD 95 million amount is comprised of a loss of
shareholder value at USD 72 million (8 million issued shares valued at the time of merger at
USD 10/share, then trading at USD 1/share), plus the loss of new and pending investment
opportunities into AFGC, lost revenue/profits, reputational damage and significant fees and
expenses incurred by AFGC in prosecuting its claims against Angola.
27. Despite the actual estimated losses by AFGC of approximately USD 95 million,
the AFGC board of directors, acting on behalf of the public shareholders, communicated to Dr.
Rodrigues Neto AFGC’s willingness to accept a compromise settlement value of USD 55 million
(the minimum value of AFGC’s then-pending claims for actual losses in the D.C. Action, as of
the time of filing in November 2017) in order to achieve an expedited settlement and payment.
28. In response to AFGC’s settlement demand of USD 55 million, Dr. Rodrigues
Neto made and handed to AFGC a written counteroffer on behalf of the Angolan government of
USD 40 million. See Exhibit D.
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29. AFGC rejected the counteroffer presented by Angola through Dr. Rodrigues Neto.
At that point in the meeting, the representatives of AFGC and Angola agreed to separate
temporarily and discuss a financial resolution internally before reconvening.
30. Upon deliberating, and in the interest of reaching a final and binding settlement,
AFGC agreed to counteroffer in settlement to the Republic of Angola the amount of USD 47.5m,
provided the payment was made in a lump sum amount into the Florida bank account of AFGC’s
Florida legal counsel within 15 calendar days of February 12, 2019, making payment due and
owing on February 27, 2019. AFGC asked Mr. Veloso to convey this counteroffer to the
Angolan representatives.
31. Mr. Veloso agreed to serve as intermediary to discuss settlement amounts and
terms with the parties, as he could communicate in both English and Portuguese and possessed
some general knowledge of the circumstances underlying the parties’ dispute. Mr. Veloso then
met privately with Dr. Rodrigues Neto and her colleague. Mr. Veloso then returned to AFGC,
conveyed that Dr. Rodrigues Neto had made a call to a senior Angolan government official (in
either the Attorney General’s or President’s office), and that the Angolan government was
prepared to pay USD 47.5 million in full and final settlement under the conditions proposed by
AFGC.
32. Representatives of the parties reconvened to discuss the other agreed terms of the
settlement. Scott Mortman, Executive Chair of AFGC, wrote out the agreed terms of the
settlement on paper. See Exhibit E.
33. Mr. Mortman of AFGC read out loud all of the terms of the Settlement
Agreement in English to Dr. Rodrigues Neto and her colleague. Mr. Veloso interpreted the terms
of the Settlement Agreement at the time into Portuguese. Dr. Rodrigues Neto took handwritten
9
notes as the terms were being read and translated. After hearing all of the terms, Dr. Rodrigues
Neto and her colleague confirmed the terms of the Settlement Agreement between the parties.
34. The Settlement Agreement between Angola and AFGC negotiated and freely
entered at the February 12 meeting provides as follows:
1. The Republic of Angola has agreed to pay AFGC the amount of USD 47.5 million
(forty seven million five hundred thousand US dollars).
2. The above amount will be paid within 15 calendar days of today, February 12,
2019, [so that the final fifteenth day will be February 27, 2019, which is the day by
which payment shall be made according to paragraph 1].
3. The above amount will be paid net (free of) any Angolan taxes or any Angolan
expatriation or transfer charges.
4. The above amount [mentioned in paragraph 1] will be paid by wire transfer into
the attorney trust bank account held in the State of Florida, US, by AFGC US
counsel, Shutts & Bowen. The wire transfer details for that US account will be
provided.
5. AFGC agrees to waive and relinquish all of its rights and claims to the properties
owned by AFGC in Angola.
6. AFGC will withdraw its lawsuit in the US and end all of its global lobbying efforts
against the Republic of Angola immediately upon payment in full as set forth above.
7. The parties have agreed to memorialize these settlement terms in a more detailed
written memorandum to be provided by and on behalf of the Republic of Angola and
approved and agreed to by AFGC.
8. The parties have agreed to meet again on Monday, February 18, 2019, in Lisbon,
Portugal to sign the written settlement memorandum.
35. Before ending the settlement meeting, Mr. Mortman read the terms of the
Settlement Agreement a second time to Dr. Rodrigues Neto and her colleague so that there could
be no claim of misunderstanding. Again, Mr. Veloso performed a consecutive interpretation of
the terms into Portuguese. Again, Dr. Rodrigues Neto confirmed and agreed to the terms of the
Settlement Agreement as read.
10
36. When AFGC asked Dr. Rodrigues Neto to sign the Settlement Agreement, Dr.
Rodrigues Neto confirmed that the Angolan government would undertake to further memorialize
the Settlement Agreement in a more formal writing, and that the parties would reconvene in
Lisbon the following week, on February 18, 2019, to sign this document. Dr. Rodrigues Neto
added that the sole reason for creating the subsequent writing for signature was to accommodate
certain formalities required by the National Bank of Angola for the payment of funds outside
Angola.
37. Dr. Rodrigues Neto affirmed unequivocally at this time that the Settlement
Agreement was a valid agreement that had the approval of the Republic of Angola and President
Lourenço, who had personally directed to her that the AFGC matter be settled at the February 12
meeting, and stated expressly that the terms of the Settlement Agreement would be honored.
Specifically, Dr. Rodrigues Neto stated that the Settlement Agreement “had the support of the
President” and that AFGC could “be assured that the President would fulfill his promise and
honor his agreement” with AFGC.
38. The Angolan and AFGC authorized representatives then concluded the settlement
meeting and departed. AFGC had every reasonable expectation, based on the events as described
above, that the Republic of Angola would honor its commitments and observe the agreed terms
of the Settlement Agreement.
39. On February 12, 2019, AFGC sent an email to Dr. Rodrigues Neto confirming the
Settlement Agreement in English. See Exhibit F.
40. On February 14, 2019, undersigned U.S. counsel for AFGC sent an email to Dr.
Neto confirming the terms of the Settlement Agreement in English and Portuguese. It was
suggested that the parties enter into a stay of the pending D.C. Action, until such time as AFGC
11
receives payment in full from Angola as agreed, after which AFGC would dismiss its claims in
that lawsuit with prejudice.
41. Despite additional efforts by AFGC corporate representatives and its U.S. counsel
to contact Dr. Rodrigues Neto by email and telephone on several occasions after February 12,
2019, Dr. Rodrigues Neto initially failed to respond to any of AFGC’s communications. On
February 17, 2019, Dr. Rodrigues Neto finally communicated with AFGC’s U.S. counsel by
phone, indicating that Angola would be unable to reconvene in Lisbon and meet with AFGC’s
representatives on the following day as agreed.
42. On February 18, 2019, U.S. counsel for AFGC emailed Dr. Rodrigues Neto to
express regrets that the parties were unable to reconvene in Lisbon as agreed that day to sign the
document required by the National Bank of Angola, which would further memorialize the
Settlement Agreement entered between AFGC and Angola on February 12, 2019, but that AFGC
expected Angola would nonetheless make the USD 47.5 million settlement payment under the
Settlement Agreement as previously agreed on or before February 27, 2019. See Exhibit G.
43. On February 22, 2019, AFGC drafted and sent a letter to Angolan President
Lourenço affirming the terms of the Settlement Agreement and indicating that AFGC expected
Angola would fulfill its obligations under the settlement agreement by making the USD 47.5
million settlement payment as agreed on or before February 27, 2019. Further, AFGC made clear
in its February 22 letter that it would file a new legal action against the Republic of Angola for
breach of the Settlement Agreement if Angola failed to make the agreed upon payment by the
agreed deadline. See Exhibit H.
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IV. Angola breaches the Settlement Agreement with AFGC; Angolan President
Lourenço refuses to honor his commitments to AFGC.
44. On February 23, 2019, Dr. Rodrigues Neto responded in writing to address
AFGC’s February 22 letter. Dr. Rodrigues Neto denied for the first time that the parties had, in
fact, reached a final and binding Settlement Agreement on February 12, 2019, thus ignoring that:
(1) a respected Portuguese lawyer, acting as a third-party translator and neutral party, had been
present throughout the February 12, 2019 settlement discussions and could testify independently
as to what had occurred; and (2) Dr. Rodrigues Neto had made express representations and
binding legal commitments before and during the February 12 settlement discussions on behalf
of Angola and Angolan President Lourenço. See Exhibit I.
45. On February 24, 2019, AFGC replied to Dr. Rodrigues Neto’s email from the day
prior and refuted the false contentions therein. AFGC reaffirmed that it had every reasonable
expectation that, despite the misrepresentations contained in Dr. Rodrigues Neto’s February 23
email, Angola would honor the Settlement Agreement and uphold the commitments made by
President Lourenço and make the agreed USD 47.5 million settlement payment on or before
February 27, 2019. See Exhibit J.
46. Angola failed to make the agreed USD 47.5 million settlement payment on or
before February 27, 2019, or anytime thereafter.
47. On April 4, 2019, AFGC obtained the sworn written statement of Ricardo Veloso,
the Portuguese lawyer who had been present during the February 12 settlement discussions. This
sworn statement fully corroborated AFGC’s understanding and representations of what had
occurred during the February 12 settlement discussions and affirmed that Angola had agreed to a
final and binding Settlement Agreement on February 12, 2019. This sworn statement also
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directly refutes the false contentions set forth in Dr. Rodrigues Neto’s February 23, 2019 email
to AFGC. See Exhibit K.
48. On March 1, 2019, AFGC prepared and sent another letter to Angolan President
Lourenço. This March 1 letter advised President Lourenço as to actions AFGC would be forced
to take if Angola breached the Settlement Agreement and if President Lourenço failed to honor
the commitments he had made to AFGC. See Exhibit L.
49. To date, Angola has failed to fulfill its obligations under the Settlement
Agreement, specifically in making the agreed USD 47.5 million settlement payment to AFGC.
50. Further, by breaching the Settlement Agreement, Angola has demonstrated that
Angolan President Lourenço will not honor his commitments to AFGC relating to the Settlement
Agreement as freely negotiated and entered between AFGC and Angola.
51. All conditions precedent to the bringing of this action have been performed by
AFGC.
COUNT I
Breach of Contract
52. AFGC reaffirms and re-alleges paragraphs 1 through 51 above with the same
force and effect as if fully set forth herein.
53. On February 12, 2019, Angola and AFGC agreed to the Settlement Agreement,
pursuant to which Angola agreed to pay AFGC USD 47.5 million in exchange for and as
compensation for the AFGC Assets in Angola. Angola is obligated to make this payment to
AFGC through AFGC’s counsel’s trust account in Florida.
54. Angola has breached the agreement by failing to pay all or any portion of the
USD 47.5 million agreed upon payment.
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55. Angola’s non-payment has directly caused monetary loss and damage, including
but not limited to, the USD 47.5 million compensation for the settlement of the prior action and
as payment for the AFGC Angolan Assets and further damages to AFGC resulting from the
breach.
WHEREFORE, AFGC demands judgment for damages against Defendant, including
compensatory damages in the amount due and owing under the Settlement Agreement, other
damages resulting from the breach, prejudgment interest, costs, and all such other relief this
Court deems just, fair, and equitable.
COUNT II
Unjust Enrichment
56. AFGC reaffirms and re-alleges paragraphs 1 through 51 above with the same
force and effect as if fully set forth herein.
57. Angola wrongfully gained more than USD 55 million worth of property, the
AFGC Angolan Assets, without providing any compensation to AFGC. Angola would be
unjustly enriched should it be allowed to retain the AFGC Angolan Assets and withhold payment
to AFGC.
58. AFGC conferred a benefit upon Angola, in the form of the AFGC Angolan Assets
that Angola has obtained from AFGC.
59. Angola appreciated the benefit that AFGC conferred and has accepted the AFGC
Angolan Assets without providing any compensation for said property.
60. It would be inequitable for Angola to retain the benefit conferred without paying
the fair and reasonable value thereof.
61. AFGC has no adequate remedy at law.
62. As a result of the foregoing, AFGC has suffered damages.
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WHEREFORE, AFGC demands judgment for damages against Defendant, including
compensatory damages, prejudgment interest, costs, and all such other relief this Court deems
just, fair, and equitable.
Dated: May 16, 2019
Respectfully submitted,
SHUTTS & BOWEN LLP

200 S. Biscayne Boulevard
Suite 4100
Miami, Florida 33131
Tel.: (305) 358-6300
Fax: (305) 381-9982
By: /s/ Harold E. Patricoff

Harold E. Patricoff
Fla. Bar No. 508357
hpatricoff@shutts.com
Kristin Drecktrah Paz
Fla. Bar No. 91026
kpaz@shutts.com
Attorneys for Plaintiff Africa Growth
Corporation
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Case 1:19-cv-21995-KMW Document 1-1 Entered on FLSD Docket 05/16/2019 Page 1 of 1
AO 440 (Rev. 06/12) Summons in a Civil Action
UNITED STATES DISTRICT COURT

for the
Southern District
__________ of Florida
District of __________
AFRICA GROWTH CORPORATION

)
)
)
)
Plaintiff(s) )
)
v. Civil Action No. 19-CV-21995
)
REPUBLIC OF ANGOLA )
)
)
)
Defendant(s) )
SUMMONS IN A CIVIL ACTION
To: (Defendant’s name and address) REPUBLIC OF ANGOLA

C/O MINISTRY OF FOREIGN AFFAIRS
MANUEL DOMINGOS AUGUSTO, MINISTER
EDIFICIO DO MIREX, RUA MAJOR KANHANGULO
n BAIXA/LUANDA, ANGOLA
A lawsuit has been filed against you.
Within 21 days after service of this summons on you (not counting the day you received it) — or 60 days if you
are the United States or a United States agency, or an officer or employee of the United States described in Fed. R. Civ.
P. 12 (a)(2) or (3) — you must serve on the plaintiff an answer to the attached complaint or a motion under Rule 12 of
the Federal Rules of Civil Procedure. The answer or motion must be served on the plaintiff or plaintiff’s attorney,
whose name and address are: HAROLD E. PATRICOFF, ESQ.
SHUTTS & BOWEN LLP
200 SOUTH BISCAYNE BLVD.
SUITE 4100
MIAMI, FL 33131
305-379-9189
If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint.
You also must file your answer or motion with the court.
CLERK OF COURT
Date: 05/16/2019
Signature of Clerk or Deputy Clerk
AO 440 (Rev. 06/12) Summons in a Civil Action (Page 2)
Civil Action No. 19-CV-21995
PROOF OF SERVICE
(This section should not be filed with the court unless required by Fed. R. Civ. P. 4 (l))
This summons for (name of individual and title, if any)

was received by me on (date) .
’ I personally served the summons on the individual at (place)

on (date) ; or
’ I left the summons at the individual’s residence or usual place of abode with (name)
, a person of suitable age and discretion who resides there,
on (date) , and mailed a copy to the individual’s last known address; or
’ I served the summons on (name of individual) , who is

designated by law to accept service of process on behalf of (name of organization)
on (date) ; or
’ I returned the summons unexecuted because ; or
’ Other (specify):
.
My fees are $ for travel and $ for services, for a total of $ 0.00 .
I declare under penalty of perjury that this information is true.
Date:
Server’s signature
Printed name and title
Server’s address
Additional information regarding attempted service, etc:
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EXHIBIT A
3773 Howard Hughes

Parkway, Suite 500s
VIA HAND DELIVERY AND EMAIL Las Vegas, Nevada
U.S.A 89169-6014
January 7, 2019
His Excellency Joao Lourenco

President of the Republic of Angola
c/o Embassy of Angola
2100 16th Street N.W.
Washington, D.C. 20009
Dear Mr. President:
On behalf of Africa Growth Corporation, a U.S. public corporation with hundreds of U.S. citizen
shareholders, and its Angolan subsidiaries, AGPV, Lda., Maximilio Lda. and Illico Lda. (all
collectively referred to as “AFGC”), I am writing to you directly to resolve the ongoing dispute
between AFGC and the Republic of Angola, now entering its third year.
As you are aware, beginning in late 2016, the Republic of Angola, through numerous high-ranking
government officials and government agencies, effected an expropriation and unlawful transfer of title
to real property, bank accounts, corporate funds and other properties (collectively, the “AFGC
Assets”) belonging to AFGC's Angolan subsidiaries. Specifically, senior Angolan government
officials and entities, acting on behalf of the Angolan government, took a series of government-
sanctioned actions to deprive AFGC of the AFGC Assets, which resulted in over U.S. $55 million of
unpaid damages to AFGC.
The theft of the AFGC Assets was not committed simply by Angolan Army General Antonio
Francisco Andrade, Angolan Army Captain Miguel Kenehele Andrade and current Angolan State
Prosecutor Natasha Andrade Santos (the “Andrades”). Rather, whether through complicity, coercion,
bribery or other means, several Angolan government agencies and officials conspired with and
actively supported the Andrades in the expropriation of the AFGC Assets, thereby furthering the
liability of the Republic of Angola to AFGC for these unlawful and coordinated actions. For example:
1. the former Governor of the Province of Luanda, Angolan General Francisco Higino Lopes
Carneiro, in collaboration with the Angolan Land Registry Office in Luanda, approved and
signed the fraudulent transfer of title to the AFGC Assets (properties with a value of at least
U.S. $36 million) to, and in the name of, current Angolan State Prosecutor Natasha Andrade
Santos, for U.S. $0 – a transparently fraudulent conveyance that was not publicly registered
or disclosed as required under Angolan law and procedure, done in violation of Angolan
regulations applicable to any further transfer of title to the AFGC Assets, and done in
complete and willful disregard of AFGC’s legal representatives putting the Angolan Land
Registry Office on advance notice that such efforts to fraudulently transfer title may occur;
2. the Guiche Unico da Empresa (“GUE”), Angola’s official corporate registry, not only
knowingly allowed the Andrades to use forged, incomplete and transparently false documents
to replace the proper directors of AFGC’s Angolan subsidiary with people aligned with the
Andrades, but also concealed these actions from AFGC and the public in violation of
Angolan law and procedure, and in further willful disregard of AFGC’s legal representatives
providing the GUE on notice that such unlawful efforts may occur;
Page 1 of 5
3. the Procuradoria-Geral da Republica (“PGR”), the Angolan Attorney General’s Office

charged with enforcing Angolan laws and regulations, refused AFGC’s repeated requests in
2017 to enable the lawful and prompt return of the AFGC Assets to AFGC; and
4. despite two separate Angolan court orders, entered in November and December 2017, in
which the Angolan court ruled that AFGC's properties had been taken unlawfully and “by
violent means,” the Angolan government, through its police force, supported and advanced
the expropriation of the AFGC Assets by failing to properly enforce these legal judgments –
on one occasion refusing to evict the Andrades as required and allowing them to publicly
declare themselves immune from prosecution; and, on the next occasion, briefly evicting the
Andrades only to allow them to forcibly retake possession of the properties approximately
one week later.
Most of these actions occurred under the prior Dos Santos Administration, yet the resolution of
these issues requires the active involvement and support of the current Angolan government.
Although the Angolan government temporarily succeeded in evicting the Andrades from
unlawful possession of the AFGC Assets in November 2018, even today the Andrades are using
their government positions and power to: (i) control the AFGC Assets, including the properties,
bank accounts and AFGC’s Angolan subsidiaries; (ii) maintain the fraudulently conveyed title
to the AFGC Assets; (iii) receive monthly rental income from tenants occupying the AFGC
properties; and (iv) as recently as last month, after their purported eviction, physically remove
(steal) highly expensive equipment and machinery from the AFGC properties that had been
previously purchased by AFGC.
Further last month, at the apparent request of the Andrades, Angola’s Private Investment and Export
Promotion Agency (“AIPEX”) compelled AFGC’s legal representative in Angola to attend a hearing
to provide additional documentation supporting AFGC’s investment in the AFGC Assets. In so doing,
AIPEX ignored that the AFGC Assets, including control of its Angolan subsidiaries, were seized and
relevant corporate documentation was likely destroyed by the Andrades. Prior to the unlawful seizure,
AFGC fully satisfied all Angolan legal and regulatory requirements regarding foreign investment into
AFGC’s Angolan subsidiaries, having engaged leading Angolan and international law firms and
accounting/auditing firms to review, verify and confirm compliance with Angolan laws and
regulations. Current efforts by AIPEX to suggest otherwise are disingenuous and simple harassment.
Based on AFGC’s inability to obtain any cooperation or assistance toward resolving these serious
matters, let alone full and fair compensation, from the Republic of Angola for the expropriation of the
AFGC Assets by Angolan government officials and agencies, AFGC was compelled to file a lawsuit
in Washington, D.C., seeking damages for the complete loss of AFGC’s investment in Angola, in an
amount no less than U.S. $55 million (potentially U.S. $165 million under the claimed violations of
the U.S. RICO statutes that allow for the trebling of damages).
In addition, AFGC has engaged and continues to engage in multiple and ongoing discussions with
leading representatives of the International Monetary Fund (IMF), senior members of the U.S.
Congress who oversee U.S. financial support to the IMF and U.S. foreign relations, and senior
members of the U.S. Executive Branch relating to proper financial restitution to AFGC’s U.S.
shareholders who have suffered from the expropriation of the AFGC Assets and thereby incurred
significant financial losses. Many, but not all, of these leading representatives are copied on this letter.
Further, AFGC has been forced to initiate discussions with several global sovereign credit ratings
agencies concerning the listing particulars/prospectus that formed part of the Republic of Angola’s
raising of U.S. $3 billion in its second Eurobond issue in international markets from investors based in
the United States, Europe and Asia in May 2018. A review of the listing particulars/prospectus for
Angola's May 2018 Eurobond issuance makes no reference to the pending lawsuit brought by AFGC
against the Republic of Angola with a potential liability of up to U.S. $165 million, which would
Page 2 of 5
appear to be a material misrepresentation of certain risks to investors in those sovereign bonds under
U.S. and European securities laws. Representatives of some of the credit ratings agencies covering
Angolan sovereign risk, with whom AFGC has been in contact, also are copied on this letter.
AFGC has taken the above-mentioned actions not out of any desire or interest in harming the
Republic of Angola or its reputation, but rather, out of necessity and a duty to protect AFGC
shareholders and a responsibility to keep other foreign investors in Angola aware of the circumstances
that have led to the loss of the AFGC Assets and the interest by the current Angolan government in
remedying this lingering problem. Inbound private investment in Angola likely will be dramatically
slowed while this issue remains unsettled without financial compensation to AFGC for the significant
damages incurred by AFGC shareholders. What happened to AFGC and its shareholders arguably
could happen to any foreign investor in Angola and provides a cautionary tale for foreign companies
considering the potential risks and rewards of investing in Angola.
Most disconcertingly, AFGC to date has received no commitment by the Angolan government to
resolve this issue. On the contrary, following what AFGC was led to believe would be a meeting last
month in Washington, D.C. with Angolan Ambassador Agostinho Tavares da Silva Neto to agree on
mediation discussions and try to resolve this issue, legal representatives for Angola subsequently and
surprisingly indicated that there would be no discussions between Angola and AFGC regarding
mediation. As a result, AFGC now will be forced to undertake more active and wider measures to
protect its commercial interests and ensure that the Republic of Angola provides AFGC with the full
and fair financial settlement to which it is entitled.
Neither AFGC nor the Republic of Angola will gain from any continuation of the pending
dispute. Rather, resolving these matters promptly is mutually beneficial both for Angolan
citizens and AFGC shareholders. AFGC remains confident that a full, fair and voluntary
resolution will demonstrate the degree to which the Lourenço Administration seeks to protect
inbound private investment and assure foreign investors and global lending institutions that
Angola provides a strong, safe and reliable market. Indeed, upon a settlement of our dispute,
AFGC will work with the Angolan government to help convey and share this positive message
with any and all interested parties.
To expedite a resolution of its claims, AFGC is willing to have a company representative with full
settlement authority meet this month with an Angolan government representative (also with full
settlement authority) in Portugal, or another suitable neutral location, to amicably resolve this dispute.
We hope that you will receive this offer to meet and try to settle our claims in the good faith with
which it is extended and promptly agree to such a meeting.
We await your response.
Respectfully,
Scott Mortman
Executive Chairman
Africa Growth Corporation
www.africagrowthcorp.com
UK office: +44 203 862 2920
Email: smortman@africagrowthcorp.com
Page 3 of 5
cc (by email):
Agostinho Tavares da Silva Neto

Angolan Ambassador to the United States
Nina Maria Fite

U.S. Ambassador to the Republic of Angola
Janis Brennan
Foley Hoag LLP
U.S. Counsel for the Republic of Angola
U.S. Senator Cory Booker

Ranking Member
Subcommittee on Africa and Global Health Policy
U.S. Senator Jacky Rosen

Committee on Homeland Security and Governmental Affairs
U.S. Senator James Risch

Chairman
Committee on Foreign Relations
U.S. Senator Bob Menendez

Ranking Member
U.S. Senator Johnny Isakson

Chairman
Subcommittee on State Department and USAID Management
U.S. Senator Todd Young

Chairman
Subcommittee on International Development, Multilateral Institutions and International
Economic, Energy and Environmental Policy
U.S. Representative Edward Royce

Chairman Emeritus
Committee on Foreign Affairs
U.S. Representative Chris Smith

Ranking Member
Subcommittee on Africa, Global Health, Global Human Rights and International
Organizations
U.S. Representative Andy Barr

Ranking Member
Subcommittee on Monetary Policy and Trade
Aaron Ranck
Page 4 of 5
Special Assistant for Government Affairs

International Monetary Fund
Olivier Lambert
Country Manager, Angola
World Bank
Honorable David Malpass

Under Secretary for International Affairs
U.S. Department of the Treasury
Eric Meyer
Deputy Asst. Secretary, Middle East and Africa
Susan Driano
Director, African Nations
Matthew Harrington,
Deputy Asst. Secretary, African Affairs
U.S. Department of State
Stefanie Amadeo
Director, African Affairs
Seward Jones, Jr.

Deputy Asst. Secretary, Middle East & Africa
U.S. Department of Commerce
Jermaine Leonard
Director, Sovereign Risk Ratings
Fitch Ratings
Gardner Rusike
Standard and Poors
Page 5 of 5
3773 Howard Hughes

Parkway, Suite 500s
ATRAVÉS DE ENTREGA E EMAIL Las Vegas, Nevada
U.S.A 89169-6014
7 de Janeiro de 2019
Sua Excelência João Lourenço

Presidente da República de Angola
c / o Embaixada de Angola
Prezado Sr. Presidente:
Em nome da Africa Growth Corporation, uma empresa pública norte-americana com centenas de acionistas
cidadãos americanos e suas subsidiárias angolanas, a AGPV, Lda., Maximilio Lda. e Illico Lda. (todos
colectivamente referidos como "AFGC"), escrevo-lhe directamente para resolver a disputa em curso entre
a AFGC e a República de Angola, que entra agora no seu terceiro ano.
Como sabem, a partir do final de 2016, a República de Angola, através de numerosas autoridades
governamentais e agências governamentais, efetuou uma expropriação e transferência ilegal de títulos de
propriedade, contas bancárias, fundos corporativos e outras propriedades (coletivamente, “Activos AFGC”)
pertencentes às filiais angolanas do AFGC. Especificamente, altos funcionários e entidades governamentais
angolanas, actuando em nome do governo angolano, tomaram uma série de acções sancionadas pelo
governo para privar a AFGC dos activos da AFGC, o que resultou em mais de US $ 55 milhões de danos
não pagos à AFGC.
O roubo dos activos da AFGC não foi cometido apenas pelo general do exército angolano António
Francisco Andrade, pelo capitão do Exército angolano, Miguel Kenehele Andrade, e pela actual
procuradora do Estado angolano, Natasha Andrade Santos (os “Andrades”). Pelo contrário, seja através de
cumplicidade, coerção, suborno ou outros meios, várias agências governamentais e funcionários angolanos
conspiraram e apoiaram activamente os Andrades na expropriação dos activos da AFGC, aumentando assim
a responsabilidade da República de Angola para a AFGC por estes actos ilegais e coordenados. ações. Por
exemplo:
1. antigo Governador da Província de Luanda, General Francisco Higino Lopes Carneiro, em

colaboração com a Conservatória do Registo Predial de Angola em Luanda, aprovou e assinou a
transferência fraudulenta do título dos activos da AFGC (propriedades com um valor de pelo
menos US US $ 36 milhões) para, e em nome da atual Procuradora da República, Natasha Andrade
Santos, por US $ 0 - uma transferência transparente e fraudulenta que não foi registrada
publicamente ou divulgada conforme exigido pela legislação e procedimentos angolanos, feito em
violação dos regulamentos angolanos aplicáveis a qualquer nova transferência de titularidade para
os Ativos AFGC, e feita em total e intencional desrespeito aos representantes legais do AFGC,
colocando o Escritório do Registro de Propriedades angolano em aviso prévio de que tais esforços
para transferir fraudulentamente o título podem ocorrer;
2. Guiche Unico da Empresa (“GUE”), registo oficial das empresas em Angola, não só permitiu
conscientemente os Andrades a utilizarem documentos falsificados, incompletos e
transparentemente falsos para substituir os directores da filial angolana da AFGC por pessoas
alinhadas com os Andrades, mas também ocultou estas acções da AFGC e do público em violação
da lei e procedimentos angolanos, e em mais desrespeito deliberado dos representantes legais do
AFGC, informando o GUE de que tais esforços ilegais podem ocorrer;
Page 1 of 5
3. a Procuradoria Geral da República (PGR), a Procuradoria Geral da República de Angola

encarregada de fazer cumprir as leis e regulamentos angolanos, recusou os pedidos repetidos da
AFGC em 2017 para permitir o retorno legal e imediato dos Ativos AFGC à AFGC; e
4. apesar de dois despachos angolanos, entrados em Novembro e Dezembro de 2017, nos quais o
tribunal angolano determinou que as propriedades do AFGC foram tomadas ilegalmente e “por
meios violentos”, o governo angolano, através da sua força policial, apoiou e promoveu a
expropriação. dos Ativos da AFGC ao não aplicar corretamente essas sentenças legais - em uma
ocasião, recusando-se a despejar os Andrades conforme necessário e permitindo que eles se
declarem publicamente imunes a processos judiciais; e, na próxima ocasião, brevemente
expulsando os Andrades para permitir que eles retomassem a posse das propriedades
aproximadamente uma semana depois.
A maioria dessas ações ocorreu sob o governo anterior de Dos Santos, mas a resolução dessas questões
requer o envolvimento ativo e apoio do atual governo angolano. Embora o governo angolano tenha
temporariamente conseguido expulsar os Andrades da posse ilegal dos Ativos da AFGC em
novembro de 2018, ainda hoje os Andrades estão usando suas posições e poder no governo para: (i)
controlar os Ativos da AFGC, incluindo as propriedades, contas bancárias e AFGC Subsidiárias
angolanas; (ii) manter o título transmitido de forma fraudulenta aos Ativos AFGC; (iii) receber renda
mensal de locatários ocupando as propriedades da AFGC; e (iv) no mês passado, após o suposto
despejo, remover fisicamente (roubar) equipamento e maquinaria altamente dispendiosos das
propriedades do AFGC que haviam sido compradas anteriormente pela AFGC.
Ainda no mês passado, a pedido aparente dos Andrades, a Agência de Promoção de Investimentos e
Exportações Privadas de Angola ("AIPEX") obrigou o representante legal do AFGC em Angola a assistir
a uma audiência para fornecer documentação adicional apoiando o investimento do AFGC nos Ativos do
AFGC. Ao fazê-lo, a AIPEX ignorou que os Ativos da AFGC, incluindo o controle de suas subsidiárias
angolanas, foram apreendidos e a documentação corporativa relevante foi provavelmente destruída pelos
Andrades. Antes da apreensão ilegal, o AFGC satisfez plenamente todos os requisitos legais e
regulamentares angolanos relativos ao investimento estrangeiro nas subsidiárias angolanas do AFGC, tendo
contratado firmas de advocacia e empresas de contabilidade / auditoria angolanas e internacionais para
rever, verificar e confirmar o cumprimento das leis e regulamentos angolanos. Os esforços atuais da AIPEX
para sugerir o contrário são assédio falso e simples.
Com base na incapacidade da AFGC de obter qualquer cooperação ou assistência para resolver estas
questões sérias, e muito menos compensações plenas e justas, da República de Angola pela expropriação
dos activos da AFGC por funcionários e agências angolanas, a AFGC foi obrigado a abrir um processo em
Washington, DC, pedindo indenização pela perda total do investimento da AFGC em Angola, em um valor
não inferior a US $ 55 milhões (potencialmente US $ 165 milhões sob as alegadas violações dos estatutos
da US RICO que permitem o triplo de danos).
Além disso, a AFGC tem-se envolvido e continua a se envolver em discussões múltiplas e contínuas com
os principais representantes do Fundo Monetário Internacional (FMI), membros sênior do Congresso dos
EUA que supervisionam o apoio financeiro dos EUA ao FMI e relações internacionais dos EUA, e membros
seniores do FMI. o Poder Executivo dos EUA relativo à devida restituição financeira aos acionistas norte-
americanos da AFGC que sofreram a expropriação dos Ativos da AFGC e, portanto, incorreram em perdas
financeiras significativas. Muitos, mas não todos, desses principais representantes são copiados nesta carta.
Além disso, a AFGC foi forçado a iniciar discussões com várias agências de classificação de crédito
soberano globais sobre os prospectos de listagem que fizeram parte do levantamento de US $ 3 bilhões da
República de Angola em sua segunda emissão de Eurobônus em mercados internacionais de investidores
nos Estados Unidos. , Europa e Ásia em maio de 2018. Uma revisão do prospecto da emissão de Eurobond
de maio de 2018 em Angola não faz referência à ação pendente movida pela AFGC contra a República de
Angola com uma responsabilidade potencial de até US $ 165 milhões, o que parece ser uma deturpação
Page 2 of 5
material de certos riscos para os investidores nesses títulos soberanos sob as leis de valores mobiliários dos
EUA e da Europa. Representantes de algumas das agências de notação de crédito que cobrem o risco
soberano angolano, com quem a AFGC esteve em contacto, também são copiados nesta carta.
O AFGC tomou as acções acima mencionadas, não por qualquer desejo ou interesse em prejudicar a
República de Angola ou a sua reputação, mas por necessidade e dever de proteger os accionistas da AFGC
e a responsabilidade de manter outros investidores estrangeiros em Angola as circunstâncias que levaram à
perda dos Ativos da AFGC e o interesse do atual governo angolano em remediar esse problema persistente.
O investimento privado de entrada em Angola provavelmente será drasticamente reduzido, enquanto esta
questão permanece por resolver sem compensação financeira para o AFGC pelos danos significativos
incorridos pelos accionistas da AFGC. O que aconteceu com a AFGC e seus acionistas poderia,
indiscutivelmente, acontecer com qualquer investidor estrangeiro em Angola e fornece uma advertência
para empresas estrangeiras, considerando os riscos potenciais e as recompensas de investir em Angola.
Mais desconcertantemente, a AFGC até à data não recebeu nenhum compromisso do governo angolano
para resolver esta questão. Pelo contrário, seguindo o que o AFGC foi levado a crer seria uma reunião no
mês passado em Washington, DC com o embaixador angolano Agostinho Tavares da Silva Neto para
chegar a acordo sobre discussões de mediação e tentar resolver esta questão, representantes legais para
Angola posteriormente e surpreendentemente indicaram que Não haveria discussões entre Angola e o
AFGC sobre mediação. Como resultado, o AFGC será agora forçado a tomar medidas mais activas e mais
amplas para proteger os seus interesses comerciais e assegurar que a República de Angola conceda à AFGC
a solução financeira completa e justa a que tem direito.
Nem o AFGC nem a República de Angola irão ganhar com qualquer continuação da disputa
pendente. Em vez disso, resolver estes assuntos prontamente é mutuamente benéfico tanto para os
cidadãos angolanos como para os accionistas da AFGC. O AFGC continua confiante de que uma
resolução completa, justa e voluntária demonstrará o grau em que a Administração Lourenço
procura proteger o investimento privado de entrada e assegurar aos investidores estrangeiros e
instituições de crédito globais que Angola oferece um mercado forte, seguro e confiável. De facto,
após a resolução da nossa disputa, o AFGC irá trabalhar com o governo angolano para ajudar a
transmitir e partilhar esta mensagem positiva com todas e quaisquer partes interessadas.
Para agilizar a resolução das suas reclamações, a AFGC está disposta a ter um representante da empresa
com autoridade de liquidação completa a reunir-se este mês com um representante do governo angolano
em Portugal, ou outro local neutro adequado, para resolver amigavelmente esta disputa. Esperamos que
você receba esta oferta para se reunir e tentar resolver nossas reivindicações de boa fé com a qual ela é
estendida e prontamente concordar com tal reunião.
Aguardamos sua resposta.
Respeitosamente,
Scott Mortman
Executive Chairman
UK office: +44 203 862 2920
Page 3 of 5
cc (por email):

Nina Maria Fite

Janis Brennan
Foley Hoag LLP
U.S. Counsel for the Republic of Angola

Ranking Member


Chairman

Ranking Member

Chairman

Chairman
Subcommittee on International Development, Multilateral Institutions and International Economic,
Energy and Environmental Policy

Chairman Emeritus

Ranking Member
Subcommittee on Africa, Global Health, Global Human Rights and International Organizations

Ranking Member
Aaron Ranck
Olivier Lambert
Page 4 of 5
World Bank

Eric Meyer
Susan Driano
Matthew Harrington,
Stefanie Amadeo
Seward Jones, Jr.

Jermaine Leonard
Fitch Ratings
Gardner Rusike
Standard and Poors
Page 5 of 5
COMPOSITE EXHIBIT B
From: Harold E. Patricoff

Sent: Thursday, January 31, 2019 12:30 PM
To: 'Brennan'
Cc: Kristin Drecktrah Paz
Subject: RE: Your call yesterday regarding Africa Growth
[English translation]
Dear Mrs. Neto,
Thank you kindly for your call last evening. We truly appreciate the enthusiasm and the desire to seek a compromise in
this matter. We are also grateful for President Lourenco’s direct intervention. Before we forward the proposal you
requested last evening, we would appreciate if you could confirm with your counsel, Janis Herring Brennan with the law
firm of Foley Hoag LLP, that we may communicate with you directly. As we discussed and as you suggested, we are
copying Mrs. Brennan, so that she is aware. I look forward to your reply and to a prompt resolution of this important
matter.
Best regards,
Ed

Sent: Thursday, January 31, 2019 12:20 PM
To: 'eduardarodriguesneto@hotmail.com'
Cc: 'Brennan'; Kristin Drecktrah Paz
Subject: Your call yesterday regarding Africa Growth
Prezada Senhora Neto,
Muito obrigada pela sua ligação de ontem a tarde. Nós agradecemos o entusiasmo e a intenção de buscar uma
resolução para essa questão. Estamos muito gratos também pela intervenção direta do Presidente Lourenço. Antes de
enviarmos a proposta requerida pela senhora ontem, agradeceríamos se a senhora pudesse confirmar com seus
advogados, Janis Herring Brennan da firma Foley Hoag LLP, que podemos nos comunicar diretamente com a senhora.
Conforme conversamos há pouco e sugerido pela senhora, copiamos a Sra. Brennan, para que ela esteja ciente. No
aguardo de sua resposta e resolução dessa importante questão.
Meus melhores cumprimentos,
Ed
Harold E. Patricoff
Partner
Shutts & Bowen LLP

200 South Biscayne Boulevard, Suite 4100 | Miami, FL 33131
Direct: (305) 379-9189 | Fax: (305) 347-7889 | Cell: (305) 310-0290
1

Sent: Friday, February 01, 2019 1:49 PM
To: 'Brennan, Janis'
Cc: 'Eduarda Rodrigues Neto'; Kristin Drecktrah Paz; Renzler, Nicholas; Loewenstein,
Andrew; Thaisa Wosniack; 'S Mortman'
Subject: Africa Growth Corporation:
Attachments: Dear Dr.pdf
Dear Janis, following up on the e-mail I copied you on yesterday, based upon the directive from the Angolan
Attorney General, Hélder Pitta Gróz, and the Assistant Attorney General, Eduarda Rodrigues Neto, we have
been requested to communicate directly with them regarding settlement negotiations and possibly scheduling
a mediation or settlement meeting in connection with the Africa Growth v. Angola litigation. See confirming
e-mail from Ms. Rodrigues Neto below. I have also attached a rough English translation of the e-mail for your
convenience. Accordingly, we wanted to advise you that your client has approved our communicating with
them directly and not through your firm. If you have any questions or concerns please take them up directly
with Attorney General Pitta Gróz or Ms. Rodrigues Neto.
We look forward to successful settlement discussions and a hopeful resolution of this matter.
Kind regards,
Ed Patricoff
Harold E. Patricoff
Partner
Shutts & Bowen LLP

Direct: (305) 379-9189 | Fax: (305) 347-7889 | Cell: (305) 310-0290
E-Mail | Biography | V-Card | Website
Please consider the environment before printing this email
From: Eduarda Rodrigues Neto [mailto:eduardarodriguesneto@hotmail.com]

Sent: Friday, February 01, 2019 12:07 PM
To: Thaisa Wosniack
Cc: Harold E. Patricoff
Subject: RE: Africa Growth Corporation:
EXTERNAL: This email originated from outside of the SHUTTS email system. Do not respond, click any links or open any
attachments unless you trust the sender and know the content is safe.
1
Prezada Dra. Thaisa Woniack
Conforme a nossa última conversa estou mandatada pelo Digníssimo Procurador-Geral da República para
tratar directamente do possível acordo convosco em função da carta enviada pela Africa Growth Corporation
ao Presidente da República de Angola, aos 7 de Janeiro de 2019.
Assim, aguardamos a vossa proposta para os devidos efeitos.
Com os melhores cumprimentos,
Eduarda Rodrigues
De: Thaisa Wosniack <TWosniack@shutts.com>

Enviado: quinta-feira, 31 de janeiro de 2019 17:34
Para: 'eduardarodriguesneto@hotmail.com'
Cc: Harold E. Patricoff
Assunto: Africa Growth Corporation:
Prezada Dra. Eduarda,
A senhora teria disponibilidade para uma breve chamada conosco nas próximas horas? Se sim, peço que nos confirme se
o número 002 44 922664529 é o melhor número para a encontrarmos. Muito obrigada!
Meus cumprimentos,
Thaisa Wosniack
Law Clerk, Admitted only in Brazil
Shutts & Bowen LLP

Direct: (305) 379-9185 | Fax: (305) 381-9982
Please consider the environment before printing this email
2
“Dear Dr. Thaisa Wosniack,
Per our last conversation, I was conferred power by the Honorable Attorney General to directly treat /
discuss the possible settlement agreement, regarding the letter sent by Africa Growth Corporation to
President Lourenco on January 7, 2019.
Therefore, we are awaiting your proposal.
Best regards,
Eduarda…”
EXHIBIT C
EXHIBIT D
EXHIBIT E
EXHIBIT F
From: S Mortman <smortman@africagrowthcorp.com>

Sent: Tuesday, February 12, 2019 7:27 AM
To: eduardarodriguesneto@hotmail.com
Cc: Brenton Kuss
Subject: AFGC-Republic of Angola Agreed Settlement Terms
Dear Dr. Neto,
On behalf of Africa Growth Corporation (AFGC) and its public shareholders, I am pleased that both parties
were able to compromise and arrive at a settlement today.
As we discussed and repeated, both you on behalf of and with the authorization of the Republic of Angola, and
me on behalf of Africa Growth Corporation and its subsidiaries, the terms of the settlement are as follows:
1. The Republic of Angola has agreed to pay AFGC the amount of USD $47.5 million (forty seven million five
hundred thousand US dollars).
2. The above amount will be paid within 15 calendar days of today, February 12, 2019.
3. The above amount will be paid net (free of) any Angolan taxes or any Angolan expatriation or transfer
charges.
4. The above amount will be paid by wire transfer into the attorney trust bank account held in the State of
Florida, US, by AFGC US counsel, Shutts & Bowen. The wire transfer details for that US account will be
provided.
5. AFGC agrees to waive and relinquish all of its rights and claims to the properties owned by AFGC in
Angola.
6. AFGC will withdraw its lawsuit in the US and end all of its global lobbying efforts against the Republic of
Angola immediately upon payment in full as set forth above.
7. The parties have agreed to memorialize these settlement terms in a more detailed settlement agreement to be
provided by and on behalf of the Republic of Angola.
8. The parties have agreed to meet again on Monday, February 18, 2019, in Lisbon, Portugal to sign the final
settlement agreement.
Please confirm your receipt of this email and its terms.
I look forward to our meeting again next week in Lisbon to put this matter behind us.
Kind regards,
1
Scott
Scott Mortman
Executive Chair
2
EXHIBIT G
Kristin Drecktrah Paz

Sent: Monday, February 18, 2019 2:08 PM
Cc: 'S Mortman'; Brenton Kuss; Kristin Drecktrah Paz
Subject: RE: AFGC-Republic of Angola Agreed Settlement Terms
Estimada Dra. Eduarda Rodrigues,
Primeiramente, gostaria de reiterar o meu sincero agradecimento e reconhecimento aos seus esforços e a assistência do
Presidente Lourenço para que possamos finalizar essa questão e efetivar o acordo firmado em 12 de Fevereiro de 2019.
Desde a nossa conversa ontem, hoje tive a oportunidade de conversar com o meu cliente.
A AFGC está desapontada com o fato de que as partes não conseguiram se reencontrar hoje em Lisboa, conforme
previamente combinado, para assinar o acordo e documentar o que as partes acordaram no dia 12 de Fevereiro em
Lisboa. Conforme apresentado e discutido naquele dia, é incontroverso o fato de que as perdas e danos sofridas pela
AFGC, incluindo os investimentos nas propriedades Angolanas, excedem e ultrapassam o valor de USD 55 milhões de
dólares demandados no acordo. Entendo e fui informado pela AFGC que a questão levantada pela senhora ontem
relativa a documentação também foi discutida durante a reunião no dia 12, e que como resultado, a demanda para
acordo da AFGC foi reduzida em USD 7,5 milhões de dólares. Sendo assim, as partes acordaram no valor de USD 47,5
milhões de dólares como valor acordado final a ser pago pela República de Angola no dia, ou até o dia 27 de Fevereiro
de 2019, quarta-feira.
Conforme acordado durante nossa conversa no dia de ontem, aguardaremos o seu posicionamento sobre essa questão
até o dia 27 de Fevereiro, quarta-feira, preferencialmente antes dessa data, para que possamos agendar uma data
conveniente para as partes se reencontrarem em Lisboa para a assinatura do acordo por escrito. Também aguardamos
ansiosos o recebimento do valor acordado de USD 47,5 milhões de dólares até, ou anteriormente ao dia 27 de Fevereiro
de 2019, quarta-feira, conforme o combinado. Conforme também estabelecido entre as partes e pelos termos do
acordo, o pagamento deverá ser efetuado para a conta bancária dos advogados da AFGC, Shutts & Bowen. Para a sua
conveniência, as instruções de pagamento seguem abaixo:
Banco: SunTrust Bank, N.A.

Localização do Banco: 25 Park Place, Atlanta, GA 30308
Código ABA*: 061-000-104
Nome do beneficiário: Shutts & Bowen Trust Account
Número da conta do beneficiário: 0189001203008
Código SWIFT: SNTRUS3A
Referência: HEP/46957-001
*Código da Associação de Banqueiros dos Estados Unidos (Routing number).
Por fim, conforme combinado e parte do acordo, imediatamente ao recebimento do valor acordado, a AFGC desistirá
com prejuízo de futuros pedidos, dará quitação e retirará todos e quaisquer pedidos e ações relativas a essa questão, e
assinará outros documentos razoáveis requeridos pela República de Angola relativos à propriedade.
Nós agradeceríamos muito em receber a sua versão da minuta de acordo (draft settlement agreement) o quanto antes
possível para que eu possa revisar e orientar meu cliente antes da assinatura. Estou ansioso para conversarmos na
quarta-feira.
1
Meus melhores cumprimentos,
Ed
English
Dear Dr. Eduarda Rodrigues,
First, let me reiterate that we greatly appreciate all of your efforts and the support of President Lourenco to bring this
matter to conclusion and to effectuate the settlement reached on February 12th. I have now had the opportunity to
speak today with my client since our conversation yesterday.
AFGC is disappointed that the parties were unable to meet again today in Lisbon as previously discussed to sign the
written settlement agreement documenting what the parties agreed to on February 12th in Lisbon. As presented and
discussed that day, it is indisputable that AFGC’s losses, including its investment in the Angolan properties, are well in
excess of its $55m settlement demand. I now understand from AFGC that the documentation issue you raised yesterday
also was discussed during your meeting on the 12th and that AFGC’s settlement demand was reduced by $7.5 million as
a result. Thereafter, the parties reached an agreement for a final settlement amount of US$47.5 million to be paid by
the Republic of Angola on or before Wednesday, February 27th.
As agreed in our discussion yesterday, we will wait to hear from you on or before this Wednesday, February 27th, to
arrange a date promptly thereafter for the parties to reconvene in Lisbon and sign the written settlement
agreement. We also look forward to receipt of the settlement amount of US$47.5 million on or before Wednesday,
February 27th as was agreed. As was also agreed pursuant to the terms of the settlement, payment will be made to
AFGC’s counsel, Shutts & Bowen. For your convenience, our wire instructions are:
Bank: SunTrust Bank, N.A.

Bank Location: 25 Park Place, Atlanta, GA 30308
ABA No.: 061-000-104
Beneficiary Name: Shutts & Bowen Trust Account
Beneficiary Account No.: 0189001203008
Swift Code: SNTRUS3A
Reference: HEP/46957-001
Finally, as was also agreed as part of the settlement, immediately upon receipt of the funds, AFGC will dismiss with
prejudice and will forever withdraw and release any and all of its court claims relating to this matter and will sign any
other documents reasonably requested by the Republic of Angola concerning the property.
We would greatly appreciate receipt of the draft written settlement agreement as soon as possible so that I may review
and advise my client prior to signature. I look forward to speaking with you on Wednesday.
Kind regards,
Ed
Harold E. Patricoff
Partner
Shutts & Bowen LLP

Direct: (305) 379-9189 | Fax: (305) 347-7889 | Cell: (305) 310-0290
2

Sent: Thursday, February 14, 2019 10:13 AM
Cc: 'S Mortman'; Brenton Kuss; Kristin Drecktrah Paz
Subject: RE: AFGC-Republic of Angola Agreed Settlement Terms
Prezada Dra. Eduarda,
Para sua conveniência, estamos lhe enviando o email do Sr. Mortman em português (com pequenos
comentários adicionais entre parénteses). Aproveitamos essa oportunidade para lhe agradecer pela atenção
na realização da reunião com os senhores Mortman e Kuss, a que entendemos ter sido muito produtiva.
“Em nome da Africa Growth Corporation (AFGC) e seus acionistas, estou muito satisfeito e contente com o
fato de que a AFGC e a República de Angola chegaram a um acordo no dia 12 de fevereiro de 2019, após
reunião em Lisboa, Portugal.
Conforme discutido e acordado pela senhora, com poder de transacionar em nome da República de Angola, e
por mim, em nome da Africa Growth Corporation e suas subsidiárias, os termos acordados foram os
seguintes:
1. A República de Angola pagará a AFGC o valor de USD 47,5 milhões (quarenta e sete milhões e quinhentos
mil dólares americanos).
2. O valor acima mencionado será pago em quinze dias, a contar do dia 12 de Fevereiro de 2019 (sendo o dia
27 de Fevereiro de 2019 o prazo final para pagamento do valor descrito no item 1).
3. O valor acima (mencionado no item 1) deverá ser pago de forma líquida, livre de quaisquer impostos ou
taxas de Angola, ou qualquer tarifa de transferência e/ou expatriação de Angola.
4. O valor acima (mencionado no item 1) deverá ser pago via transferência para a conta bancária localizada
no Estado da Flórida, EUA, de titularidade de nossos advogados nos Estados Unidos, Shutts & Bowen. Os
detalhes para a transferência bancária para a conta nos EUA serão enviados na sequência.
5. A AFGC concorda em abrir mão e renunciar todos os direitos e pedidos relativos às propriedades
pertencentes a AFGC em Angola.
6. A AFGC retirará/ desistirá de seu processo nos EUA e terminará todos os esforços políticos globais contra
a República de Angola, de forma imediata quando do recebimento do pagamento integral, conforme os termos
acima.
7. As partes acordaram a transcrever e concretizar os termos desse acordo em um acordo detalhado, que
será redigido e apresentado para aprovação da AFGC pela República de Angola.
8. As partes acordaram em encontrar-se novamente em Lisboa, Portugal, na segunda-feira dia 18 de

fevereiro de 2019, para assinar o acordo final e definitivo.
Peço por gentileza a confirmação do recebimento desse email, bem como desses termos.
3
Estou ansioso para a nossa reunião na semana que vem em Lisboa para que possamos dar um fim a essa
questão.”
Para garantir que as partes possam evitar qualquer litígio desnecessário, e como um sinal de boa fé nas
negociações das partes, consideramos requerer uma suspensão de todos os processos por um breve período
para permitir que a Africa Growth e a República concluam o acordo.
Pedimos, por gentileza, que a senhora nos indique se seria solidária ao pedido de suspensão, e se a senhora
concordaria em requerer aos seus advogados em Washington D.C. que concordassem com a suspensão para
que as partes possam reunir e assinar o acordo final. De fato, isso também requereria a sua diretiva para que
os advogados pudessem concordar com a suspensão. Ao pedir a suspensão, não precisamos divulgar
nenhum detalhe do acordo.
Vamos aguardar sua confirmação do acima. Não hesite em nos contatar caso a senhora tenha alguma dúvida.
Melhores cumprimentos,
Ed Patricoff
----
Dear Dr. Eduarda,
We are sending you Scott’s email from Tuesday in Portuguese for your convenience [with some small
additions in brackets for purposes of clarification]. Also, we take this opportunity to thank you for the meeting
with Messrs. Mortman and Kuss, which we understand was productive.
Dear Dr. Neto,
On behalf of Africa Growth Corporation (AFGC) and its public shareholders, I am pleased that AFGC and the
Republic of Angola were able to compromise and arrive at a settlement on February 12, 2019 at our meeting in
Lisbon, Portugal.
As we discussed and repeated, both you on behalf of and with the authorization to reach an agreement on
behalf of the Republic of Angola, and me on behalf of Africa Growth Corporation and its subsidiaries, the terms
of the settlement are as follows:
2. The above amount will be paid within 15 calendar days of today, February 12, 2019, [so that the final
fifteenth day will be February 27, 2019, which is the day by which payment shall be made according to
paragraph 1].
charges.
4. The above amount [mentioned in paragraph 1] will be paid by wire transfer into the attorney trust bank
account held in the State of Florida, US, by AFGC US counsel, Shutts & Bowen. The wire transfer details for
that US account will be provided.
Angola.
4
7. The parties have agreed to memorialize these settlement terms in a more detailed settlement agreement to
be provided by and on behalf of the Republic of Angola and approved and agreed to by AFGC.
To ensure that the parties may avoid any further unnecessary litigation, and as a sign of good faith in the
parties’ negotiations, we have considered requesting a stay of all proceedings for a brief time to enable Africa
Growth and the Republic to conclude the settlement.
Please kindly let us know whether you would agree with our asking your legal counsel in Washington, D.C. to
agree to a stay to allow the parties the time to meet and sign the final settlement agreement. This would also
require that you instruct your US legal counsel to agree to this stay. In asking for a stay, we do not have to
disclose any of the details of the agreed settlement.
We will wait for your confirmation of the above. Please do not hesitate to contact us with any questions.
Kind regards,
Ed Patricoff
From: S Mortman [mailto:smortman@africagrowthcorp.com]

Sent: Tuesday, February 12, 2019 7:27 AM
Cc: Brenton Kuss
Subject: AFGC-Republic of Angola Agreed Settlement Terms
Dear Dr. Neto,
On behalf of Africa Growth Corporation (AFGC) and its public shareholders, I am pleased that both parties
were able to compromise and arrive at a settlement today.
As we discussed and repeated, both you on behalf of and with the authorization of the Republic of Angola, and
me on behalf of Africa Growth Corporation and its subsidiaries, the terms of the settlement are as follows:
2. The above amount will be paid within 15 calendar days of today, February 12, 2019.
charges.
5
4. The above amount will be paid by wire transfer into the attorney trust bank account held in the State of
Florida, US, by AFGC US counsel, Shutts & Bowen. The wire transfer details for that US account will be
provided.
Angola.
7. The parties have agreed to memorialize these settlement terms in a more detailed settlement agreement to be
provided by and on behalf of the Republic of Angola.
Kind regards,
Scott
Scott Mortman
Executive Chair
6
EXHIBIT H
3773 Howard Hughes

Parkway, Suite 500s
U.S.A 89169-6014
February 22, 2019

Dear Mr. President:
On behalf of Africa Growth Corporation (AFGC), I, together with the AFGC CEO, met with your
personally designated representative of the Republic of Angola, Angolan Assistant Attorney General
Dr. Eduarda Neto, and her colleague, on February 12, 2019, in Lisbon, for the explicit purpose of
settling our longstanding dispute.
Prior to and during that meeting, Dr. Neto explicitly represented that she was acting on behalf of the
Republic of Angola, was fully empowered to settle this dispute, and had received direct instructions
from Your Excellency personally to bring this long-running dispute to a conclusion. At the end of
our February 12 meeting, AFGC and the Republic of Angola reached a negotiated, final and
enforceable agreement under which the Republic of Angola agreed to make payment of USD
$47.5m into our U.S. lawyer’s Florida bank account on or before the agreed deadline of
Wednesday, February 27th.
As part of this final settlement, immediately upon receipt of the funds, AFGC agreed to relinquish all
rights to its Angolan properties, withdraw all of its claims against the Republic of Angola, and cease
all of its lobbying and public relation efforts against the Republic’s interests before the U.S. Executive
Branch and Congress, U.K. financial regulators, global sovereign credit ratings agencies and debt
underwriters, global media outlets and others. As a good faith measure, AFGC temporarily put those
efforts on hold at the end of our settlement meeting on February 12th.
Significantly, Dr. Neto expressly stated after our settlement discussions had concluded that the final
settlement amount we had reached “had the support of the President and we could be assured that the
President would fulfil his promise and honor his agreement” with AFGC. For that reason, knowing
Your Excellency has been making numerous oral representations to assure foreign investors and
nations that the Republic of Angola abides by its commitments, I agreed to wait for the Republic of
Angola to memorialize our agreement in writing. Dr. Neto and I agreed that we would reconvene in
Lisbon prior to the February 27 payment deadline for the purpose of signing this document.
I add here that, in the interest of reaching a final and binding resolution quickly, AFGC reluctantly
agreed to reduce its settlement demand of USD $55m. It is indisputable that AFGC’s documented
losses (filed with the SEC in Washington) are well in excess of the USD $55m demanded in financial
compensation for the acts of expropriation by numerous high-ranking Angolan government officials
working in concert.
As presented to Dr. Neto and her colleague on February 12, AFGC clearly demonstrated that its actual
financial damages are approximately USD $95m, which reflect a direct loss of shareholder value at
USD $72m (8m shares previously valued at $10/share, now trading at close to $1/share), plus the loss
of new and pending investment opportunities into AFGC, lost revenue/profits arising from the
expropriation, reputational damage and significant fees and expenses incurred in prosecuting our
claims.
Accordingly, as a result of the final negotiated settlement reached on February 12, and the official
representations and commitments made by and on behalf of the Republic of Angola and Your
Excellency’s personal emissary, Dr. Neto, AFGC has every expectation that the Republic of Angola
Page 1 of 2
will honor the mutually agreed settlement and make payment, per the agreement, to AFGC of USD
$47.5m on or before Wednesday, February 27, 2019.
If the Republic of Angola should choose not to honor its agreement, AFGC will have to remove the
hold on its discussions with Washington, which would include restarting conversations to seek
Congressional and Executive Branch sanctions against Angola to block US Dollar currency access
and all new trade and investment opportunities, as well as initiate governmental financial
investigations relating to Angola’s sovereign bond disclosures and incomplete representations made
to U.S. financial investors.
AFGC also would also be forced to bring a new lawsuit in U.S. Federal Court for breach of this
settlement agreement (that was entered with Your Excellency’s personal and explicit approval). If the
Republic of Angola will not honour its agreements made at the highest level, government leaders,
financial institutions, investors and the media need to be made aware of these facts.
For the sake of the best interests of the Republic of Angola, AFGC and its hundreds of ordinary U.S.
shareholders, I look forward to meeting again shortly with Dr. Neto, signing our agreement and
receiving payment in full as mutually agreed on or before February 27th. You have my personal
representation on behalf of AFGC that AFGC will abide by all of its commitments under the
agreement.
Let us put this matter behind us and work toward a brighter future.
Respectfully,
Scott Mortman
Executive Chairman
Page 2 of 2
3773 Howard Hughes

Parkway, Suite 500s
ENTREGUE EM MÃO E POR EMAIL Las Vegas, Nevada
U.S.A 89169-6014
22 de Fevereiro de 2019

Exmo. Senhor Presidente,
Em nome da Africa Growth Corporation (AFGC), eu, juntamente com o CEO da AFGC, reunimos
pessoalmente com os representantes da República de Angola, nomeados por V. Exa., a Procuradora
Adjunta do Ministério Público de Angola Dr.ª Eduarda Neto e seu Colega, a 12 de Fevereiro de 2019,
em Lisboa, com o único e explícito propósito de resolvermos o nosso já longo litígio.
Antes e durante essa mesma reunião, a Dr.ª Neto declarou explicitamente que estava a agir em nome e
em representação da República de Angola, e que tinha total poder para resolver este litígio, bem como,
que recebera, pessoalmente, instruções diretas de Sua Excelência para levar este já longo litígio a uma
conclusão. No final da nossa reunião de 12 de Fevereiro, a AFGC e a República de Angola
chegaram a um acordo, final e exequível, segundo o qual a República de Angola concordou em
fazer um pagamento de 47,5 milhões de dólares para a conta bancária sediada no Estado da
Flórida nos Estados Unidos da América, em nome dos nossos Advogados Norte Americanos, antes
ou no dia final do prazo acordado, ou seja, quarta-feira, 27 de fevereiro.
Como parte deste acordo final, imediatamente após o recebimento dos fundos, a AFGC concordou em
renunciar a todos os direitos sobre as suas propriedades em Angola, retirar todas as suas reivindicações
contra a República de Angola e cessar todos os seus esforços de lobby e relações públicas contra os
interesses da República de Angola. perante o Poder Executivo e o Congresso dos EUA, Reguladores
Financeiros do Reino Unido, agências de classificação de crédito soberano global e subscritores de
dívida, meios de comunicação globais e outros. Como medida de boa-fé, o AFGC suspendeu
temporariamente esses esforços após o nosso Acordo em 12 de fevereiro.
Significativamente, a Dr.ª Neto declarou expressamente após a conclusão das nossas discussões sobre
o Acordo, que o montante acordado “tinha o suporte do Presidente e que nós poderíamos estar seguros
que o Presidente iria cumprir a sua palavra e honrar o Acordo” com a AFGC. Por essa razão, e sabendo
que Vossa Excelência tem feito numerosas declarações orais para assegurar aos investidores e nações
estrangeiras que a República de Angola cumpre os seus compromissos, concordei em aguardar que a
República de Angola preparasse o nosso Acordo por escrito. A Dr.ª Neto e eu concordámos que nos
reuniríamos novamente em Lisboa antes do prazo de pagamento de 27 de fevereiro para assinar este
documento.
Mais, no interesse de chegar rapidamente a uma resolução final e vinculativa, a AFGC concordou com
relutância em reduzir o seu pedido de ressarcimento de USD 55 milhões. É indiscutível que os prejuízos
documentados da AFGC (arquivados junto da SEC em Washington) ultrapassam os 55 milhões de
dólares exigidos em compensação financeira pelos atos de expropriação de numerosos funcionários do
governo angolano atuando em conjunto.
Conforme apresentado à Dr.ª Neto e ao seu Colega em 12 de fevereiro, a AFGC demonstrou claramente
que seus danos financeiros reias são de aproximadamente US $ 95 milhões, o que reflete uma perda
direta do valor dos acionistas em US $ 72 milhões (8 milhões de ações avaliadas anteriormente em US
$ 10/ação, agora negociadas a quase US $ 1/ação), mais a perda de novas oportunidades de investimento
pendentes na AFGC, perda de receita / lucros decorrentes da expropriação, danos à reputação e
honorários e despesas significativas incorridas nos processos judiciais e extrajudiciais.
Page 1 of 2
Consequentemente, como resultado do Acordo final negociado, alcançado em 12 de fevereiro, e das

representações oficiais e compromissos feitos por e em nome da República de Angola e da emissária
pessoal de Sua Excelência, Dr.ª Neto, a AFGC tem todas as expectativas de que a República de Angola
honrará o Acordo mutuamente acordado e fará o pagamento, de acordo com o acordo, à AFGC de US
$ 47,5 milhões até ou antes de quarta-feira, 27 de fevereiro de 2019.
Se a República de Angola optar por não honrar o Acordo, a AFGC terá de retirar a suspensão sobre
todas as suas intervenções com Washington, o que incluirá o reinício de conversações para pedir
sanções ao Congresso e ao Executivo Americano para bloquear o acesso a dólares, a todas as novas
negociações e oportunidades de investimento e comércio internacional, bem como, iniciar novas
investigações financeiras governamentais relacionadas com as divulgações de obrigações soberanas de
Angola e representações artificiosas feitas a investidores financeiros dos EUA.
A AFGC também será forçada a dar entrada de uma nova ação judicial no Tribunal Federal dos EUA
por violação deste acordo (que foi realizado com a aprovação pessoal e explícita de Sua Excelência).
Se a República de Angola não honrar os seus acordos feitos ao mais alto nível, os líderes
governamentais, instituições financeiras, investidores e os meios de comunicação social têm que estar
cientes destes factos.
Para o bem dos melhores interesses da República de Angola, da AFGC e as suas centenas de acionistas
ordinários nos EUA, espero voltar a reunir-me brevemente com a Dr.ª Neto, assinando o nosso acordo
e recebendo o pagamento integral conforme acordado mutuamente até 27 de Fevereiro. V. Exa. tem o
meu compromisso como representante legal da AFGC de que a AFGC cumprirá todos os compromissos
assumidos no Acordo.
Vamos deixar este assunto para trás e trabalharmos para um futuro melhor.
Respeitosamente,
Scott Mortman
Presidente Executivo
Page 2 of 2
EXHIBIT I
Begin forwarded message:
From: Eduarda Rodrigues Neto <eduardarodriguesneto@hotmail.com>

Date: 23 February 2019 at 07:47:43 WET
To: S Mortman <smortman@africagrowthcorp.com>
Cc: Brenton Kuss <bkuss@africagrowthcorp.com>, "Harold E. Patricoff" <HPatricoff@shutts.com>,
"ricardoveloso-20838l@adv.oa.pt" <ricardoveloso-20838l@adv.oa.pt>
Subject: RE: URGENT: Feb 22, 2019 AFGC Letter to Angolan President Lourenco
Prezados Senhores,
Em virtude da Vossa carta enviada a Sua Excelência, Presidente João

Lourenço, aos 7 de Janeiro de 2019 a solicitar um encontro em Lisboa para
tentar dirimir o litígio existente entre a Africa Growh Coporation e o Estado
Angolano, o Digníssimo Procurador-Geral da República incumbiu a mim,
Eduarda Rodrigues Neto e ao meu Colega Pedro de Carvalho de ouví-los em
Portugal, visto que estávamos em missão de serviço no Reino Unido.
Solicitámos que enviasse alguma proposta de negociação para servir de base

a reunião e a Africa Growh Corporation enviou uma proposta a solicitar que o
Estado Angolano pague o valor de 55.000.000USD para compensar os danos
que sofreram com os negócios celebrados em Angola.
Deste modo, no dia 12 de Fevereiro de 2019, eu e o meu Colega tivemos um

encontro com os senhores Brenton Kuss, Scott Mortman e Ricardo Veloso, em
Lisboa, no Hotel Epic Sana.
1
No encontro a Africa Growh Corporation voltou a reiterar os argumentos que
usou na acção judicial que instaurou nos EUA e referiu que a forma que teria de
pôr termo a mesma e a batalha reputacional contra o Estado Angolano seria
através do ressarcimento dos danos que sofreu em Angola.
Questionámos aos representantes da Africa Growh Corporation se caso o

Estado Angolano aceitasse a proposta se baixariam o valor visto que
mencionaram que o investimento nos complexos hoteleiros foi de 40.000.000
USD. E estes referiram que poderiam baixar até 47.500.000 USD.
Diante dos valores propostos, solicitamos que nos dessem os comprovativos dos
valores investidos e estes referiram que não tinham qualquer documento,
alegando que o general Andrade tinha levado os mesmos quando invadiu os
prédios.
Por se tratar de um investimento estrangeiro, perguntamos que poderiam juntar

os registos das transferências efectuadas ou se não tinham documentos nos
arquivos da empresa dos EUA sobre o assunto em litígio. Responderam que não
tinham qualquer documento.
Referimos que seria muito difícil o Estado Angolano fazer um acordo sem tais
documentos, mas transmitiríamos a informação ao Estado Angolano.
No fim do encontro propuseram que assinássemos um Memorando sobre o que

foi tratado na reunião e por não estarmos mandatados para o efeito, não
aceitamos assinar.
Referimos claramente que não tínhamos qualquer legitimidade para assumir

nenhum compromisso em relação ao Estado Angolano ou assinar qualquer
documento. Fomos apenas mandatados para ouvir as propostas e remeter ao
Executivo, para este sim decidir.
Para minha surpresa, começo a receber mensagens a referir que assumi um

compromisso em nome do Estado Angolano e números de contas bancárias
para o Estado depositar os valores.
2
Diante da postura que está a ser assumida por Vossas Excelências, torna-se
muito difícil qualquer negociação.
Ademais, conforme referimos no encontro, o litígio em causa é entre a África

Growh corpotation e o General Andrade, não sendo o Estado angolano Parte
no mesmo.
Com os melhores cumprimentos,
Eduarda Rodrigues
3
Dear Sirs,
By virtue of Your letter sent to His Excellency, President João Lourenço, on 7 January 2019 requesting a
meeting in Lisbon as an attempt to settle the litigation between the Africa Growth Corporation and the
Angolan State, the Honorable Attorney General assigned to me, Eduarda Rodrigues Neto and my
colleague Pedro de Carvalho to listen to you in Portugal, since we were on a service mission in the
United Kingdom.
We requested you to submit a negotiation proposal to serve as a basis for the meeting, and the Africa
Growth Corporation has sent a proposal requesting the Angolan State to pay the sum of US$ 55,000,000
to compensate the damages suffered from the businesses made in Angola.
Thus, on February 12, 2019, my colleague and I had a meeting with Messrs. Brenton Kuss, Scott
Mortman and Ricardo Veloso, in Lisbon, at the Hotel Epic Sana.
At the meeting, Africa Growh Corporation reaffirmed the arguments it used in the lawsuit filed in the
United States and referred to the fact that the way to put an end to the litigation and the reputational
dispute against the Angolan State would be through reimbursement of damages it suffered in Angola.
We asked the representatives of Africa Growth Corporation if, in the case the Angolan State accepted
the proposal, if it would lower the amount since they mentioned that the investment in the hotels was
US$ 40,000,000. They said they could lower the amount to US$ 47,500,000.
In view of the proposed amounts, we requested that they provide us with evidence of the amounts
invested and they stated that they had no document, claiming that General Andrade had taken them
when he invaded the buildings.
Because of the fact that this is a foreign investment, we asked if they could obtain the records of the
transfers made or if they did not have the documents regarding this dispute in the US company’s files.
They said they did not have any documents.
We said that it would be very difficult for the Angolan State to make a settlement agreement without
such documents, but we would transmit the information to the Angolan State.
At the end of the meeting they proposed us to sign a Memorandum regarding what was discussed at the
meeting and due to the fact that we were not authorized to do so, we did not agree to sign.
We clearly stated that we had no power to assume any commitment related to the Angolan State or to
sign any document. We were only mandated to listen to the proposals and refer them to the Executive,
for its decision.
To my surprise, I started to receive messages mentioning that I made a commitment on behalf of the
Angolan State, and bank account information for the State to deposit the amounts.
Due to the position that is being demonstrated by Your Excellencies, any negotiation became very
difficult.
In addition, as we mentioned in the meeting, the litigation in question is between Africa Growh
Corporation and General Andrade, not being the Angolan State a party in this.
With my best regards,
Eduarda Rodrigues
EXHIBIT J
From: S Mortman
Sent: Sunday, February 24, 2019 7:04 PM
Subject: Africa Growth Corporation
Dear Dr. Neto,
I was deeply surprised and disappointed by your last email sent on Saturday, February 23d, in response to my request
that you kindly forward my February 22d directly to President Lourenco.
As an Assistant Attorney General representing the Republic of Angola, and as President Lourenco's designated emissary
for these settlement discussions, your actions and statements reflect directly on the credibility of President Lourenco
and his Administration.
The facts of our negotiations are exactly as set forth in my February 22d letter. We both know, and the third-party
mediator/translator (Ricardo Veloso), who attended our meeting and facilitated our discussions, knows the facts exactly
as I have presented them. It does not serve our or Angola’s interests now to try to deny that we reached a binding
settlement. The only reason we did not sign the terms of that settlement on February 12 was your oral and written
representations before and during the meeting that you were attending on behalf of the Angolan government, with
express settlement authority as directed personally by President Lourenco, and your assurance at the end of the
meeting that the settlement had the personal backing of President Lourenco.
Moreover, it serves no purpose to repeat the false claim that this is a private dispute between AFGC and the Andrades
and to ignore all of the facts presented before and during our discussions that shows the level of involvement by
numerous senior Angolan government officials and agencies. As you’ll recall, when we pointed out that General Carniero
(who permitted and signed the fraudulent transfer of our properties for $0) was appearing the same day as our
discussions in Angolan court and being charged by the Angolan government (not us) with criminal acts of fraud, misuse
of public funds, breach of public trust, etc., you yourself declared to us, “okay, okay, we [Angolan government] were
negligent and partially responsible”.
Further, AFGC will have no problem proving in a US court and in the international community through
documentation that:
1. we own these properties and purchased and developed them lawfully under Angolan law (as leading Angolan
law firms represented at the time);
2. our Angolan properties have a value of more than USD $40m (real estate valuations and auditors will confirm);
3. our Angolan properties and companies were unlawfully taken from us by the Angolan government (fraudulent
transfer of title signed by General Carniero, forged changes in company directors approved by the GUE, and the
written testimony of at least one dozen fact witnesses will demonstrate);
4. our actual losses approach USD $95m (written report of a damages expert will corroborate our shareholder loss
in value, lost opportunities for investment into AFGC, lost profits, fees and expenses); and
5. AFGC and Angola reached a final and binding settlement of our dispute for USD $47.5m (my letter demanding
USD $55m in settlement, your written counteroffer of USD $40m in our possession, and the written terms of our
compromise final settlement at USD $47.5m in our possession, as supported by the written testimony of those
who attended the settlement meeting).
These are the only documents material to our proving liability against and damages owed by the Republic of
Angola.
Dr. Neto, I am sending this email to you alone. I respect your direct intervention here at President Lourenco’s request to
settle this dispute. I hope that you too have respected my candor and continued interest in putting this matter behind
us. With mutual respect, let’s put aside our differences and work together to reconvene in Lisbon for the purpose of
signing the agreed deal and having the USD $47.5m transferred to our U.S lawyers’ Florida account as agreed.
Kindly,
Scott
Scott Mortman
Executive Chair
UK office: +44 203 862 2920
The information transmitted is intended and designed only for the person or entity to which it is addressed and may contain confidential and/or
privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this proprietary information
by persons or entities other than the intended recipient is prohibited. If you received this email or information in error, please contact the sender,
info@africagrowthcorp.com and delete the material from any relevant device. Where the sender has taken a personal or unauthorized action or
included personal views, these represent solely personal matter in unauthorized use of company email and shall in no case be attributed to Africa
Growth Corporation or any relevant member of its group.
2
EXHIBIT K
EXHIBIT L
3773 Howard Hughes

Parkway, Suite 500s
U.S.A 89169-6014
March 1, 2019

c/o Embassy of Angola
Dear Mr. President:
Following Africa Growth Corporation’s (AFGC) last letter of February 22, 2019
(attached hereto), the Angolan government has not extended the courtesy of a
response to AFGC, nor reciprocated the respect AFGC has shown, despite our
various attempts at communication since the meeting in Lisbon on February 12,
2019, at which AFGC and Angola, through its authorized representatives, entered
into a settlement agreement to end this long-running dispute (now in its third year).
The Angolan government also has not yet delivered on the promises made during
our meeting and the obligations undertaken in respect of the mutually agreed
settlement, including honouring the February 27, 2019 payment deadline that
Angola’s representatives repeatedly and expressly reconfirmed at the settlement
meeting. The settlement meeting was personally witnessed by a respected,
independent Portuguese lawyer who acted as translator for both sides and has
prepared and delivered a sworn statement attesting to the terms of the settlement
agreement entered between the parties on February 12, 2019.
Indeed, at that settlement meeting, Your Excellency’s designated emissary and the
Angolan government’s official representative, Deputy Attorney General Dr.
Eduarda Neto, expressly informed AFGC that Angola bore responsibility for
AFGC’s losses and that AFGC had no cause to worry because “we could be
assured that the President would fulfil his promise and honour the agreement”.
Since the settlement meeting, as a result of our agreement, AFGC suspended its
lobbying efforts and media communications in Washington, D.C., New York and
London with regard to the underlying dispute with Angola. Since we are without
any communication from the Angolan Government as to its intention to honour the
agreement, AFGC now has no choice but to fully reengage and expand our
lobbying efforts and media communications and will begin to do so immediately.
Leading global political and business leaders, as well as investors, need to be made
aware of whether the purported changes in Angola are “real”. Is Angola now a safe
place for foreign investors? Are agreements, once entered, actually honoured by
Angola? Regrettably, AFGC believes it has an obligation to inform the
international community that it has been placed in a situation in which it is not sure
about the answers to these important questions. AFGC will direct others to observe
Page 1 of 4
and engage with AFGC as an indication of whether the Republic of Angola

honours its commitments and representations once agreed and expressed.
Your Excellency, on behalf of the management of AFGC, we have a fiduciary

obligation to our shareholders, average American citizens located across the
country, never to cease in our efforts until we have finally resolved this matter.
For the benefit of the Republic of Angola and AFGC, we respectfully ask you to
direct the necessary organs of the Angolan Government to honour the terms of the
mutually agreed settlement.
Respectfully,
Scott Mortman
Executive Chairman
cc (by email):

Nina Maria Fite

Cyril Sartor
Special Assistant to the President of the United States for National Security Affairs
U.S. Senator Marco Rubio

Ranking Member
Committees on Foreign Relations, Appropriations and Intelligence

Ranking Member


Chairman
Page 2 of 4

Ranking Member

Chairman

Chairman
Subcommittee on International Development, Multilateral Institutions and
International Economic, Energy and Environmental Policy

Chairman Emeritus

Ranking Member
Organizations

Ranking Member
Aaron Ranck
Olivier Lambert
World Bank

Eric Meyer
Susan Driano
Matthew Harrington,
Page 3 of 4
Stefanie Amadeo
Seward Jones, Jr.

Jermaine Leonard
Fitch Ratings
Gardner Rusike
Standard and Poors
Page 4 of 4
3773 Howard Hughes

Parkway, Suite 500s
ENTREGA EM MÃO E POR EMAIL Las Vegas, Nevada
U.S.A 89169-6014
1 de Março de 2019

a/c Embaixada de Angola
Exmo. Senhor Presidente,
Na sequência da última carta enviada pela Africa Growth Corporation (AFGC) a 22

de Fevereiro de 2019 (aqui junta em anexo), o Governo Angolano não teve a cortesia
de responder à AFGC, nem retribuiu o respeito que a AFGC demonstrou, apesar das
várias tentativas de contacto efetuadas desde a reunião de Lisboa a 12 de Fevereiro
de 2019, na qual a AFGC e Angola, através dos seus representantes com poderes
para o efeito, celebraram um acordo para encerrar este, já longo, litigio em curso
(agora no seu terceiro ano).
O Governo Angolano também ainda não cumpriu com as promessas realizadas

durante a nossa reunião nem com as obrigações assumidas em relação ao Acordo
mutuamente aceite, incluindo o honrar o prazo de pagamento de 27 de fevereiro de
2019 que os Representantes de Angola repetidamente e expressamente
reconfirmaram na reunião da celebração do referido Acordo. A reunião onde foi
celebrado o Acordo foi testemunhada pessoalmente por um respeitado Advogado
português, independente, que atuou como tradutor para ambos os lados e que
preparou e entregou uma declaração ajuramentada atestando os termos do acordo
entre as partes em 12 de fevereiro de 2019.
Com efeito, nessa mesma reunião, a Emissária designada por Vossa Excelência e
representante oficial do Governo Angolano, Procuradora-Geral Adjunta, Dr.ª
Eduarda Neto, informou expressamente a AFGC que Angola era responsável pelas
perdas da AFGC e que a AFGC não se precisava de preocupar porque “poderíamos
ter a certeza que o Presidente iria cumprir a sua promessa e honrar o acordo ”.
Desde a reunião onde foi celebrado o Acordo, e, como resultado do mesmo, a AFGC
suspendeu todas as suas ações de lobby e comunicações nos Media em Washington,
Nova York e Londres com relação à disputa subjacente com Angola. Uma vez que
não temos qualquer comunicação do Governo Angolano quanto à sua intenção de
honrar o Acordo, a AFGC não tem outra alternativa senão restabelecer, e expandir,
todas as ações de lobby e comunicação nos Media, o que o fará de forma imediata.
Os principais Líderes Políticos e os Principais Investidores, a nível Mundial,

precisam estar cientes se as mudanças pretendidas em Angola são "reais". É Angola
agora um lugar seguro para os investidores estrangeiros? Serão os Acordos, uma vez
celebrados, realmente honrados por Angola? Lamentavelmente, a AFGC acredita
que tem a obrigação de informar a Comunidade Internacional de que foi colocada
Page 1 of 4
numa situação em que não tem a certeza sobre as respostas a estas questões
fundamentais. A AFGC irá direcionar outras pessoas para observar e se juntar à
AFGC como indicadores se Angola honra ou não, os seus compromissos uma vez
expressos e acordados.
Vossa Excelência, em nome da Administração da AFGC, temos uma obrigação

fiduciária para com os nossos acionistas, Cidadãos Americanos comuns localizados
por todo o país, de nunca cessar nossos esforços até que finalmente resolvamos este
assunto.
Para o benefício da República de Angola e da AFGC (e seus acionistas), pedimos

respeitosamente que V. Exa. dirija os órgãos necessários do Governo Angolano para
honrar os termos do acordo mutuamente acordado.
Respeitosamente,
Scott Mortman
Presidente Executivo
Com o Conhecimento (por email):

Nina Maria Fite

Cyril Sartor
Special Assistant to the President of the United States for National Security Affairs
U.S. Senator Marco Rubio

Ranking Member
Committees on Foreign Relations, Appropriations and Intelligence

Ranking Member

Page 2 of 4
Chairman

Ranking Member

Chairman

Chairman
Subcommittee on International Development, Multilateral Institutions and
International Economic, Energy and Environmental Policy

Chairman Emeritus

Ranking Member
Organizations

Ranking Member
Aaron Ranck
Olivier Lambert
World Bank

Eric Meyer
Susan Driano
Page 3 of 4
Matthew Harrington,
Stefanie Amadeo
Seward Jones, Jr.

Jermaine Leonard
Fitch Ratings
Gardner Rusike
Standard and Poors
Page 4 of 4

Africa Growth Corporation Lawsuit Document Angola

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Africa Growth Corporation Lawsuit Document Angola

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Case 1:19-cv-21995-KMW Document 1 Entered on FLSD Docket 05/16/2019 Page 1 of 17

IN THE UNITED STATES DISTRICT COURT

CASE NO.: _______

Africa Growth Corporation,

Plaintiff Africa Growth Corporation (“AFGC”), a publicly-traded, U.S. shareholder-

NATURE OF THE ACTION

3. During the negotiations leading up to and upon entering the Settlement

on behalf of the Republic of Angola.

has thereby breached the Settlement Agreement.

7. Defendant Angola is a “foreign state” within the meaning of 28 U.S.C. § 1603(a).

JURISDICTION AND VENUE

and 28 U.S.C. § 1603(a).

a. Pursuant to 28 U.S.C. § 1605(a)(1), Angola has waived its immunity

explicitly, or alternatively, by implication; and

b. Pursuant to 28 U.S.C. § 1605(a)(2), Angola has performed acts outside the

territory of the United States in connection with a commercial activity, and

said acts have caused a direct effect in the United States.

10. By virtue of Angola’s agreements, representations, and conduct, Angola has

Angolan government and representatives of AFGC, including undersigned legal counsel.

property to Angola in exchange for payment of USD 47.5 million.

a. Angola agreed to pay AFGC USD 47.5 million to a designated bank

account in Florida; and

b. Angola breached its agreement to pay USD 47.5 million to a designated

bank account in Florida.

Settlement Agreement in an amount in excess of USD 47.5 million.

in Miami-Dade County, Florida.

capital of Luanda (“AFGC Properties”). AFGC’s wholly-owned Angolan subsidiaries include

principal asset of AFGC.

government agencies, conspired to use fraudulent documents, abuse of power, forgery,

Angolan and international law.

orders of the Angolan Court in support of AFGC.

risks attributed to Angola’s expropriation and unlawful conduct; d) reputational damage to

including attorneys’ fees.

binding authority to settle with AFGC on behalf of the Republic of Angola.

communications between January 31 and February 1, 2019, concerning upcoming settlement

negotiations. See Composite Exhibit B.

Neto, who represented that she was acting on behalf of Angola.

the EPIC SANA hotel in Lisbon.

was introduced to AFGC as another Deputy Attorney General for Angola.

who was retained by AFGC to serve as an independent third-party English-Portuguese translator

and neutral party during the settlement discussions.

AFGC for its losses.

approximately USD 95 million. This USD 95 million amount is comprised of a loss of

expenses incurred by AFGC in prosecuting its claims against Angola.

28. In response to AFGC’s settlement demand of USD 55 million, Dr. Rodrigues

USD 40 million. See Exhibit D.

temporarily and discuss a financial resolution internally before reconvening.

settlement on paper. See Exhibit E.

entered at the February 12 meeting provides as follows:

be no claim of misunderstanding. Again, Mr. Veloso performed a consecutive interpretation of

Settlement Agreement as read.

honor his agreement” with AFGC.

of the Settlement Agreement.

Settlement Agreement in English. See Exhibit F.

that lawsuit with prejudice.

representatives on the following day as agreed.

agreed deadline. See Exhibit H.

of Angola and Angolan President Lourenço. See Exhibit I.

February 27, 2019. See Exhibit J.

before February 27, 2019, or anytime thereafter.

to AFGC. See Exhibit K.

the commitments he had made to AFGC. See Exhibit L.

Agreement as freely negotiated and entered between AFGC and Angola.

force and effect as if fully set forth herein.