ABEDAMS Ee AGRIC (CREATING WEALTH THROUGH ENDING OF FOOD INSECURITY] RC: 2854878 shedimapiccomes nenteansare cone ADDRESS, DARAMOLA ALFRED QUARTERS OPP. OSIN COMMMUNITY HIGH SCH OSI [EKITI; EKITI STATE NIGERIA PRODUCTION SITES [ADO FARM SETTLEMENTS/RESERVE, OSI AND ORIN FARM SETTLEMENTS ADAMOLEKUN, OLIWASEUN [DKF] AREREOLA, OLUWASPAN [DKF] ECUTIEDIRECTOROPERATION | EXECUTIVE DRECTOADMINISTRATION osnasissi0 stern’ ABEDAMS_AGRIC ABEDLMS AGR: a SIGN. == [v3 ]ze2> pare_sueelroz0 ate atesABEDAMS AGRIC smpeDaMs cmeervowcumrmoccnesoncorroonsecumm — (SBR) agMic MEMORANDUM OF UNDERSTANDING FOR MAIZE PRODUCTION BETWEEN OMOSEBI ISAAC ANUOLUWAPO. AND ABEDAMS AGRIC Parties: This memorandum of understanding is made and entered into between OMOSEBI ISAAC ANUOLUWAPO and Abedams Agric Purpose: The purpose ofthis MOH isto establish the terms and conditions unde ‘which tems of managing fms from land lasing to land preparations, planing activities and post planting activites, and rm of payments will be established, ‘Terms of MOU: This MOU is effected upon the day and dat las signed and ‘executed hy the duly authorized representative othe partes tothe MOU and shall remain in fll fev till 30/11/2020 Responsibilities of OMOSEBI ISAAC ANUOLUWAPO ‘That OMOSEBI ISAAC ANUOLUWAPO shall inves sum oF one hundred and twenty-five thousand naira (125,000) for one hectare. Asa partner, you are legally and financially inte wo the numberof hectares] you are pertaering i, Responsibilities of Abedams Agric: ‘That Abedams Agric wil cary ou all the process of farming starting with provision of land tothe final stage ofthe farming Modules of Operation Land leasing Ploughing ofthe tand Harrowing ofthe land Getting good seedlings Planting Weed controlstes Fertilizer application Pest control HarvestSales Profit Formula [Atthe end of the farming season (7 months), when harvesting, shelling, bageing and sale of the maize has been carried out under an ideal situation. The #125,000 Capital will be reumed tothe investor, while the profit will be shared in the ratio of 40% wo 6096 ie Abedams Agric will tke 60% ofthe profit while the investor take 40% ofthe profit, 5. General Provision: ‘Amendments: any changes modification, revision of amendment to MOU which are mutually agreed upon by and between the partes to MOU shal be aovepted ABEDAMS AGRIC (ED0} COMOSEBI ISAAC ANUOLUWAPO ABBRAMGRAG SIGNATURERDATE sien. SPS ve ai |spoxo ABEDAMS AGRIC (EDA) ABEDAME, SioNignouc' Ae DATE__.__2efe3lpere