AGREEMENT

This agreement is made between Kuyak Bassey of Ebusiness Guide, No. 9 Omasirichim Plaza, Stadium road Port Harcourt, (“The Forex Trader”) including his heirs, assigns and all persons claiming any interest through him (on the one hand) and the respondent of this form whose name appears thereon (“The Financier) including his heirs, assigns and all persons claiming any interest through him (on the other hand). Whereas: a. The Trader is a business person. b. The Financier is interested in providing credit facility to the Trader, at a specified interest. c. Both the Trader and the Financier (“The parties”) are keen on going into the relationship upon the transfer of a specified sum of money by the Financier to the Trader. d. The Parties have agreed to do business under the terms and conditions hereunder. It is agreed by the parties as follows; Credit facility and interest: The Financier has deposited the specified sum (“The Credit Facility”) into the bank account provided by the Trader and the credit facility shall remain in the possession of the Trader for six months. The Trader shall pay a corresponding percentage of the credit facility as shown in the outline of credit categories (find attached), to the Financier, as interest, for each of the five months subsequent to the date the deposit of the credit facility is made. Provided that the Financier shall be entitled to the monthly interest payment on the date of the relevant month corresponding with the day the deposit of the credit facility was made. The Trader shall pay the Financier the credit facility at the end of the sixth month, subsequent to the deposit of the credit facility by the Financier. Duration of agreement and time lapse for payment: This agreement shall terminate by effluxion of time at the expiration of six (6) months from the date the Financier deposits the credit facility and after the credit facility is paid back to the Financier. The Financier shall give the Trader a time allowance of up to seven (7) days from the date any sum of money becomes due to the Financier under this agreement, to enable the Trader process and make payments. Provided that where the circumstances warrant, the Trader may request for additional reasonable time. Termination of this agreement by parties before expiration: In the event that the Financier decides to terminate this agreement and pullout his credit facility before the expiration of this agreement, the Financier shall:give the Trader one months’ notice of such an intention, provided that the one months’ notice shall start counting on the day of the month corresponding with the day of the month when the Financier deposited the credit facility; lose any right to receive the percentage interest for the month for which the notice was given; and Forfeit either – ten percent (10%) of his credit facility where the notice to terminate the agreement is issued two months or less, from the date of commencement of this agreement; or twenty percent (20%) of his credit facility where the notice to terminate the agreement is issued above two months, from the date of commencement of this agreement; and the balance of the credit facility shall be paid by the Trader to the Financier at the expiration of the one months’ notice. In the event that the Trader decides to terminate this agreement before the expiration of the agreement, the Trader shall:give the Financier one months’ notice of such an intention, provided that the one months’ notice shall start counting on the day of the month corresponding with the day of the month when the Financier deposited the credit facility; and pay to the Financier his full credit facility at the expiration of the one months’ notice. Provided that the Financier shall not be entitled to the payment of the percentage interest for the month for which the notice was given. Other covenants: Where any portion of this agreement is considered to be illegal under the law, such illegality shall not affect other portions of this agreement, which shall remain extant and enforceable. Any reference in this agreement to the masculine sex or gender includes the corresponding reference to the feminine (and other) sexes or genders. No part of this agreement shall be amended except with the prior written consent of the Parties, signed by the parties. Any notice or document to be served on a Party pursuant to this agreement shall be delivered personally to the Party or by delivery at the Party’s address stated above or any other known address of the Party. In the event of any dispute arising from this agreement, such dispute shall be referred to arbitration, in accordance with the arbitration law applicable in Port Harcourt. The place of arbitration shall be Port Harcourt. In witness whereof the parties have signed this agreement the day and year first written above. *