PRE-INCORPORATION CONTRACT (GENERAL)

THIS PRE-INCORPORATION AGREEMENT (The "Agreement") is made and effective

This............... day of...................................... 2015. BETWEEN: MATADOR Nigeria Ltd (First Partner), a company incorporated under

Companies and Allied Matters Act with its head office located at No 4 Meridian Street, Maitama, Abuja AND MARANATHA Global Venture Ltd (Second Partner), a company incorporated under Companies and Allied Matters Act with its head office located at No. 4 Aragbaye Street, Garki II, Abuja.

AND

BODMAS Computer Concept Ltd (Third Partner), a company incorporated under Companies and Allied Matters Act with its head office located at No. 11 Ilupeju Industrial Estate, Lagos.

RECITAL

The First Partner now owns and operates a clothing business in Abuja known as Fashion Centre, she would like to incorporate that business, and Second Partner and Third Partner agree to take a certain amount of the stock in the corporation.

TERMS

• Company has been inventories by the above-named parties and it is agreed between them that Company including all person property, namely and every use and kept in business, including all books accounts it to show a value of N5 Billion net and is to be taken in by the corporation at those figures.
• Second Partner agrees to pay in cash the amount of N2.5 billion, the receipt of which is acknowledged and form the date of signing this contract is an owner of an undivided one-half interest in the capital as mentioned above.
• It is agreed to incorporate the company under the Companies and Allied Matters Act for the sum of N5 billion and that stock shall be issues in the sum of to First Partner and to Second Partner as their interest may appear.
• It is agreed that when corporation is formed and stock issued, First Partner will sell to Third Partner amount of stock and Second Partner agrees to sell an equal amount of stock to Third Partner, the intention being that as soon as the corporation is incorporated all of the above named parties are to have an equal amount of stock in the corporation.
• It is agreed by

IN WITNESS OF WHICH WE SET OUT OUR HANDS THE DAY FIRST ABOVE WRITTEN.