INVESTMENT AND TRUST AGREEMENT
This contract is made this 10th day of January, 2018 between Lt. General Theophilus Yakubu Danjuma (Former Minister of Defence, Nigeria), and Chairman, South Atlantic Petroleum Limited, of 7 Adeola Odeku Street, Victoria Island, Lagos - Nigeria with Nigerian Passport No. A01189376 hereinafter referred to as the “FUND OWNER/INVESTOR” and with United States of America Passport No. ………………….. Hereinafter referred to as the “INVESTMENT MANAGER”.
WHEREAS:
(1) THE INVESTOR shall Entrust THE INVESTMENT MANAGER with the total sum of One Hundred Million United States Dollars (USD100,000,000.00) only for the purpose of investment in the specialized areas by THE INVESTMENT MANAGER, and THE INVESTMENT MANAGER agrees to receive the mentioned capital above from THE INVESTOR for the same purpose.
(2) THE INVESTOR and THE INVESTMENT MANAGER agree on a compensation of 4% (Four Percent) of the Capital Funds (USD100 Million) for THE INVESTMENT MANAGER for his participation and handling of this project while 1% (One Percent) will go to the FACILITATOR from the Investment Manager’s side(Your Affiliate Firm) for arranging and facilitating this project, 95% (Ninety Five Percent) shall be used for the investment after deduction of Official Government Tax.
(3) THE INVESTMENT MANAGER shall manage all received funds by making investment projects under his professional management with good and attractive turnover, carefully selecting field of investment, assessing profit that can be made and making all necessary inquiries, and taking into account all legal aspects of investment, taxes requirements and other expenses
(4) THE INVESTMENT MANAGER shall keep all necessary business books and evidences of investment in proper order according to temporary laws and regulations of country of business, and keep separate accounts where all investment funds can be fully controlled
by proper government financial institution, and shall manage funds in the best interest of both parties.
(5) THE INVESTMENT MANAGER for his services shall be entitled to 15% of net return on profits and guarantees that all investment will make an approximate return of 10% minimum annually. THE INVESTOR will be entitled to 35% of the profits, 50% of the profits will be reinvested in the project for business expansion.
(6) In due course, THE INVESTOR will relinquish the rights and privileges accrued to the INVESTMENT MANAGER on this investment if it is discovered that the investment manager is managing the investment on personal basis or out or profits, THE INVESTOR will take over his investment or appoint another INVESTMENT MANAGER to take over the investment.
(7) If there would be any problems with implementation of this agreement, both parties are obligated to discuss it and work together to find solution agreeable to each party, and if necessary make amendments and extensions to this agreement. As the INVESTMENT MANAGER”S Country is the country where most of the investment would be made, both parties agree that in case of legal complications, jurisdiction belong to legal authorities of the INVESTMENT MANAGER.
(8)That this agreement is made in good faith and with the consideration that both parties fully understand the aforementioned terms of this agreement which hereinafter becomes binding immediately the last party appends his signature.
......................................................... ...................................................... LT. GEN. THEOPHILUS Y. DANJUMA
(FUND OWNER/INVESTOR) (INVESTMENT MANAGER).
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
MR RICHARD OLUFEMI AKINJIDE JR.
(ATTORNEY/WITNESS).