Afribond (Standard Class) Sales Contract
AFRIBOND PURCHASE AGREEMENT
BETWEEN
AFRIHOOD DEVELOPMENT COMPANY LIMITED
REGISTRATION NUMBER: 1814937
(Hereinafter referred to as “The Issuer”)
And
{{billing_last_name}} {{billing_first_name}}
(Hereinafter referred to as “The Purchaser”)
RECORDAL
This Bond ({{product_20191_name}}) Purchase Agreement (hereinafter referred to as Afribond) is made and entered into on the {{order_date}} this Agreement is executed electronically by and between the parties.
Afribond is a one-off bond offering used by the issuer to raise funds from the purchaser for capital-intensive projects. Afribond is available for sale over a short window period and closes when the target amount is reached. The Issuer agrees to sell, and the Purchaser agrees to purchase Afribond as described in the Schedule of Particulars, subject to the terms and conditions of this Agreement.
SCHEDULE OF PARTICULARS
PARTIES
ISSUERAfrihood Development Company Limited7th Floor, Mulliner Towers,38, Alfred Rewane Road,Ikoyi, Lagos State, NigeriaTelephone: +2347062888927Email: [email protected]
{{order_date}}
PURCHASER{{billing_last_name}} {{billing_first_name}}Telephone: {{billing_phone}}Address: {{billing_address_1}} {{billing_address_2}}City: {{billing_city}}State: {{billing_state}}Email: {{billing_email}}
THE SUBJECT MATTER
Unit Price: N10,000,000
Number of Units: {{product_20191_quantity}}
Total Bond Purchase Price: {{order_total}}
Returns: 20%
BANK DETAILS
Payments should be made by draft or transfer to:
Bank: Stanbic IBTC Bank PLC
Account Name: Afrihood Development Company
Account Number: 0044442234
1. INTERPRETATION
Business Day means any day other than a Saturday, Sunday, or a public holiday in Lagos State, Nigeria.
2. PURCHASE AND SALE OF AFRIBOND; USE OF PROCEEDS
3. REPRESENTATIONS AND WARRANTIES OF ISSUER
4. REPRESENTATION AND WARRANTIES OF THE PURCHASER
5. COVENANTS
6. MATURITY
7. RETURNS
8. INDEMNIFICATION
9. ASSIGNMENT
10. NOTICES
11. MODIFICATIONS
12. HEADINGS
13. SEVERABILITY
14. GOVERNING LAW
15. COUNTERPARTS
16. ENTIRE AGREEMENT
17. NO THIRD-PARTY BENEFICIARIES
IN WITNESS WHEREOF, the parties have executed this Agreement under seal.
The Common Seal of Afrihood Development Company Limited is affixed in the presence of:
Name: Olufemi Shield Name: Adekoya Israel(Managing Director) (Client Account Manager)
This Agreement has been read and understood. I acknowledge this date I have signed under seal. Representations herein are true to my knowledge.
THIS AGREEMENT HAS BEEN READ AND FULLY UNDERSTOOD BY ME AND I ACKNOWLEDGE THIS DATE I HAVE SIGNED UNDER SEAL. Any representations contained herein are true to the best of my knowledge information and belief.
SIGNED, SEALED AND DELIVERED, I have hereunto set my hand and seal:
July 27, 2024
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