MEMORANDUM OF AGREEMENT

Between

(BEING BUYER) TIMO HOIL AND MARINE

AND

(BEING FACILITATORS)

A. YEMI ADEOYE

B. HABIBU ABUBAKAR

C. DAN BABA

1. THAT THE BUYER AS STATED ABOVE WITH FULL CONSENT HAS

AGREED TO PAY THE FACILITATOR AS STATED ABOVE THE
SERVICE CHARGE OR COMMISSION OF ONE NAIRA (N1.00) ONLY
LITRE OF AGO

2. THAT THE ACQUIRED SUM NOT ABOVE N5 MILLION NAIRA

SHALL BE BY BANK TRANSFER TO FACILITATORS ACCOUNT AS
SHOWN. ABIBU ABUBAKAR, ECOBANK ACC. NO.: 1131036202

3. THAT THE FACILITATOR IS ONLY LIABLE TO THE SAID SUM

AFTER SUCCESSFULL CONCLUSION OF THE TRANSCATION.

4. THAT THE SAID TRANSCATION SHALL TAKE PLACE AT SAKA

BENIN REPUBLIC WITH ONE WEEK OF THIS MOU.

5. THAT ANY ISSUES THAT ARISE SHALL BE SETTLED THROUGH

ABITRATION.

THE PARTIES INVOLVED HAS HEREBY AGREED TO THESE TERMS

AND ALSO ATTEST TO IT.

............................. ..............................
BUYER FACILITATOR