SHAREHOLDERS AGREEMENT

THIS SHAREHOLDERS AGREEMENT (the Agreement) is made and effective this ___day of _______2014.

BETWEEN Abode Seriki of No. 5 Regina Street, Liverpool, Malaysia (First Shareholder) of the One Part and

Abubakar Ahmed of No. 28 Clinton Avenue, Bristol, Malaysia (Second Shareholder) of the second part and

Nosakhire Iyame, the sole Proprietor of Nosakhire Palm Produce (Nig) Enterprises of No. 25 Ikpoba Road, Asaba, Delta State (Third Shareholder) of the third other part.

RECITAL:

The First two shareholders are Malaysian businessmen who have taken step toward the formation of a Nigerian Limited Liability Company with the third Shareholder, a Nigerian businessman, on extraction, production and exportation of palm produce.

IT IS HEREBY AGREED AS FOLLOWS:

• The shareholders have agreed to form a limited liability company whose object is to extract and export palm produce.
• The proposed names of the company are Meridian Palm Produce Nigeria Limited or Nosakam Palm (Nig) Limited.
• The company would carry on business at No. 25 Ikpoba Road, Asaba, Delta State which shall be registered as its corporate office
• The office accommodation of the first shareholder is to given as consideration for share used or converted as business premises by the company.
• The company is to be incorporates at the Corporate Affairs Commission (CAC) with a minimum share capital of N10,000,000 (Ten Million Naira) into 10,000,000 divided into ordinary share of N 1.00 Each.
• The Parties are to contribute towards the funding of the company.
• The 10,000,000 share of the company is divided into the following ratio among the first, second and third shareholder who shall be the subscribers of the Memorandum of Association of the company:

1. Abode Seriki	=	5,000,000 SHARES
2. Abubakar Ahmed	=	2,000,000 SHARES
3. Nosakhire Iyame	=	3,000,000 SHARES

Confidentiality

The First, second and Third Shareholder to this agreement have agreed to maintain confidentiality with respect to details of this shareholder‟s agreement, the object of the proposed company, the trade secret and patent right of the shareholders.

IN WITNESS OF WHICH WE EXECUTE THIS AGREEMENT IN THE MANNER