Insolvency Service Agreement with British Dept of Trade and Industry

THIS AGREEMENT is made on 2nd May 2000 BETWEEN

(1) THE SECRETARY OF STATE FOR TRADE AND INDUSTRY (the Secretary of State) for the purposes of this Agreement of 21 Bloomsbury Street, London WC1B 3SS.

(2) ADAR INTERNATIONAL INC. (Adar), a corporation incorporated under the laws of the commonwealth of Massachusetts whose principal place of business in England and Wales is c/o Shareholder Investments Research plc, Crosby Court, 38, Bishopsgate, London EC2N 4AF.

(B) The Secretary of State has agreed to supply Adar with particular information (the Information) subject to the provisions of this Agreement.

(C) Adar has agreed to use the information only in the course of its proper business, namely tracing beneficiaries, and subject to the provisions of this Agreement.

1.1.5 beneficiaries means individuals or organisations entitled to payments, as identified by the Information.

About Sidney Golub

ADAR International was founded in 1987 by Mr. Sidney J. Golub. A graduate of the prestigious Wharton School of Business, and successful, 40-year career businessman serving as CEO and CFO for several US companies, Mr. Golub decided to start his own company when he learned of the need in the market for better service in the recovery of unclaimed funds held in U.S. government accounts. Over the next ten years Mr. Golub grew his business from a start-up of 4 employees to a total of 35, becoming the largest and most important recovery service firm in the US and the UK. Consistent and diligent tracking of insolvency data over the more than 20 years (both in the US and the UK) has provided Adar with the most comprehensive unclaimed funds database in existence today which proves a valuable source for uncovering assets for our clients on an ongoing basis.
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