MONEY-TREE INVESTMENTS

MONEY-TREE INVESTMENTS

(Agro-Enterpreneurs Cooperative Society)

.............. Building  Africa's Largest Farming Investment

In Partnership with

.....................................................................................................

The biggest joint venture Agro-Network of farmers - bridging the food crisis gap with combined effort and mechanized farming  for food sufficiency.

Pilot Farm: ......................................................................

 Location: ...........................................................

Size: ..................................................

Powered by: 

A. O. ANISO BUSINESS VENTURES & TEOET GLOBAL ENTERPRISE

in association with:

Rural Peoples'Assembly Inc.

Maize Association of Nigeria ( MAAN)

Rice Farmers Association (RIFAN)

Federal Ministry of Agriculture and Rural Development (FMARD).

Central Bank of Nigeria (CBN)

Niger Delta Development Commission (NDDC)

Ministry of Niger Delta

Presidential Amnesty Office

Bank of Agriculture of Nigeria

Introduction:

Money-Tree Investments (MTI) is an agro-allied cooperative society focused on leveraging on the strength of collaboration and partnership in developing a viable agriculture based industry and value chain to empower farmers, promote farming and create security in the agricultural sector as a reliable investment option for sustainable development.

Executive Summary:

Money-Tree Investments is managed by a robust tripartite team of personnel from A. O. Aniso Business Ventures (A.O.BV), Teoet Global Enterprise (TGE) and  it's farmers/farms which must be registered with Rural Peoples' Assembly a Non Governmental Organization (NGO) as business partners who are bound by a Memorandum Of Understanding (MOU) developed to secure the agro-partnership with each partner towards enhancing productivity, record keeping and general business success.

A. O. Aniso Business Ventures handles the details of the partnership with each partner and ensures that the documentary requirements are met, to ensure the security of each investing farm or farmer while joining or working with the money-tree investment project.

Teoet Global Enterprise deals with farm and business management from land preparation, planting to harvest in terms of how human, materials and logistics are provided and used in the farm with a view to ensuring transparency and accountability in the money-tree investment project.

Partnership:

Whereas the Landowners have large expanse of land for farming and other agro-allied products and services on their lands and the Money-Tree Investment (MTI) partners are desirous of ensuring that the lands are farmed on in industrial capacity to boost productivity and yield great harvest, as a factor of production, and has indicated their interest to maintain a business relationship with the families who own the land towards ensuring that the of the land are harnessed through farming activities and that the benefits accruing to them are fully provided for as at when due, and have contacted the MTI Partners with a view towards maintaining a good and cordial relationship within themselves to farm on their behalf by employing modern farming techniques to facilitate easy planting and harvest of crops each farming season and to negotiate favourable deals with third parties that will invest in the farms within agreeable limits to secure the farms and yields all through the period of the partnership.

And the Money-Tree Investment (MTI) partners have accepted to undertake the necessary steps to that effect and ensure regular reporting back to the farm owners and payment of an annual consideration of an agreed percentage on any benefit derivable from the aforementioned relationship between farm owners and the MTI partners.

The Money-Tree Investment (MTI) partners  hereby covenant that:

1. It shall initiate and maintain the desired farming arrangement with the farm owners and/or with third parties with specific agreement on the types of crops and farming methods agreed under this MOU, as shall be agreed with the farm owners..

2. It shall negotiate favourable deals with individuals, companies, government or it's agencies and other organizations to secure required inputs to accelerate the process of preparing the lands and farming on the lands within acceptable standards to the farm owners.

3. It shall hold meeting with the authorities of other agencies either alone or with the landowners when necessary and report back to the relevant partners or their representatives accordingly from time to time on the investment opportunities in agriculture that can be suitable for the farm(s) and ways to benefit from such opportunities within acceptable limits.

4. It shall advice and counsel the landowners on appropriate steps to take on the subject matter from time to time with a view to ensuring optimum benefit from the farm and investment opportunities properly made available.

5. It shall represent the landowners in line with best practices in the agricultural industry in the discharge of its duties under this MoU.

6. It shall undertake the payment of relevant expenses and charges that may arise as a result carrying out its duties and obligations under this MoU.

The Landowners Covenant as follows:

1. That they shall ensure that the Money-Tree Investment partners (MTI) have the necessary access to the lands and enabling environment to carry out its duties under this MoU by providing the farm lands and ensuring that the business enjoys uninterrupted progress all through the period of the term(s) granted for farming.

2. That the MTI partners are furnished with all relevant documentation and information relevant to and necessary to discharge their duties.

3. That they shall keep the MTI Partners updated on all new developments that may take place from time to time pursuant to the activities of the landowners under this MoU each farming season, and ensure that the business relationship, ones started, shall have uninterrupted planting and harvest through each season all through the period granted for the farming on the lands.

4. That they shall not obstruct the reasonable flow of activities pertaining to the execution of the terms of contract between themselves and the MTI partners or third parties employed/partnering for the purpose of promoting the terms of this agreement or farming without due consultation with the MTI partners.

5. That they shall disclose any third party any involvements that may act to restrict or interfer with the power hereby granted.

6. That they shall ensure that they honour their obligations under this agreement in part or whole as soon as it becomes pertinent to do so.

PROFIT SHARING:

1.) In furtherance of the agreement so reached under this MOU, and with a view to honouring the agreement reached herein, the MTI partners and the land owners hereby agree as follows, with respect to distribution of profit accruing from the partnership:

First Year:

MTI Partners .......................................... 60%

Land Owners .......................................... 20%

Capital ..................................................... 20%

Second Year:

MTI Partners .......................................... 55%

Land Owners .......................................... 25%

Capital ..................................................... 20%

Third Year and subsequent years. 

MTI Partners .......................................... 50%

Land Owners .......................................... 30%

Capital .................................................... 20%

Capital and Funding

The MTI partners undertake to make available all necessary funds and capital required to setup and keep the farms running all through the period of the partnership, and shall take responsibility for paying all expenses pertaining to the execution of this MOU to keep the partnership afloat.

The MTI partners shall embark on fund raising arrangements with third party investors and reach amicable agreements with such parties for the growth of the partnership business.

REPRESENTATION AND WARRANTY

Each Party to this agreement hereby represents and warrants that it is duly authorized  and validly empowered, and in good standing under the laws of Nigeria with power to carry on this MoU as is now being constructed and to enter into and carry out the terms of this Agreement. 

The Claims Agent hereby warrants that it will exercise all reasonable professional skill, care and diligence in carrying out its duties and obligations under this MoU.

INDEMNITY

Each party herein agrees to indemnify and keep indemnified the other party against all losses, actions, claims arising or occasioned to the other party from its negligence and non-compliance with the terms and conditions of this MoU.

Non-disclosure and Confidentiality

Except as required by law, each Party warrants that all confidential information and materials received or exchanged in order to achieve the purpose of this Agreement shall be kept secret and on no account shall such information be disclosed to any third party except with prior written authority of the other party.

Severability

Each of the provisions of this agreement is severable and distinct from the others and if at any time one or more of such provisions becomes invalid, illegal or unenforceable, the legality, validity or enforceability of the other provisions of this agreement shall in no way be affected or impaired thereby.

Force Majeure 

Neither party shall be liable for the breach of its obligations under this agreement where such failure to perform its obligation is caused as a result of war, accidents, fires, explosions, floods, earthquakes, civil or military authority, civil unrest, acts of God or any other causes beyond the reasonable control of either party. Each party shall notify the other as contain under the support service section of this agreement.

Arbitration

Any dispute arising out of or in connection with this agreement including any question regarding its existence validity or termination shall be referred to and finally resolved by arbitration in accordance with the provisions of the Arbitration and Conciliation Act Cap A18, Laws of the Federation of Nigeria 2004. The place of Arbitration shall be Yenagoa, Bayelsa State, Nigeria.

Governing Law

This agreement shall in all respects be governed by and construed and enforced in accordance with Nigerian Law including all matters of construction, validity and performance.

Termination

Either party may terminate this agreement upon giving one farming season notice to the other, if there is a breach of any of the provisions of this agreement or for unsatisfactory performance of the other party.

Termination does not exclude liability on jobs done during the existence of the contract. 

The farm owners reserve the right to terminate this agreement if there is no reasonable commitment to the partnership business by the MTI partners after two consecutive years after entering this agreement.

IN WITNESS WHEREOF the parties hereto have hereunto executed these presents in the manner hereinafter appearing. 

Signed, Sealed and Delivered by the within named MTI/ partners on the first part - Money-Tree Investment partners:

                                                                                         ...................

                                         Director of Projects

Aniso O. Abraham

                                                                                         ....................

                                                                                         Secretary

Tuebi SapereObi

Signed, Sealed and Delivered by the within named Land Owner/ partner on the Second part;

 ……………………

Tari Gagariga 

(Land Owner)

.....................

Secretary

Rural Peoples' Assembly 

Farmers/farm registration form

Name: ....................................................................................................................

Address:................................................................................................................

Phone:......................................    Name of Farm: ...............................................

Farm location: ................................................  Size: .............................................

Land Owner: ..........................................................................................................

Farm Manager: ......................................................................................................

Date of Registration: ................................     Sign: .........................................

Rural Peoples' Assembly 

Farmers/farm registration form

Name: ....................................................................................................................

Address:................................................................................................................

Phone:......................................    Name of Farm: ...............................................

Farm location: ................................................  Size: .............................................

Land Owner: ..........................................................................................................

Farm Manager: ......................................................................................................

Date of Registration: ................................           Sign: .........................................