TRUST AGREEMENTTRUSTOR&TRUSTEE CONT

TRUST AGREEMENT





TRUSTOR
&

TRUSTEE




CONTRACT NO: 11242015


Nov. 24, 2015




PRIVATE AND CONFIDENTIAL

This Document is a private communiqué; it is intended for limited use by the addressee. This Document and the information contained therein are provided for due diligence and informational purposes only. Any use of this Document without the written consent of the issuer Mr Kojo Bonsu, is an illegal act. This document is not a solicitation of any type.



This Trust Agreement (hereinafter referred to as ‘Agreement’) is made this 24th day of November, 2015 by and between;


ARTICLE 1 – THE PARTIES


1.1 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And

1.2Mr. Kojo Bonsu.
1st Amoako Anim road, House # 12/305.
Nsuem Tarkwa. Ghana.
(hereinafter referred to as ‘TRUSTOR‘)

xxxxxx & Kojo Bonsu shall individually be referred to as ‘Party’ and collectively as the ‘Parties’

WITNESSED
ARTICLE 2 - _ PREAMBLE
A) WHEREAS, the TRUSTOR purchases and sells products and needs the use of the services of the TRUSTEE, and its support groups, some of these are listed herein; whereby in support of its product purchases and sales, TRUSTOR is capable and stands ready to place with TRUSTEE an initial cash amount of $ 15,000,000.00 to be deposited in the trust account as agreed (hereinafter referred to as ‘Asset’) provided from good, clean and clear non-criminal origin. TRUSTOR is hereby agreeing to transfer such asset into the trust account managed by TRUSTEE for the TRUSTOR, that is called from time to time "The Client".
B) WHEREAS TRUSTEE is an investor in the country of xxxx that as a course of business actively manages assets & holds assets in trust, for purposes of investments, project funding, financial services and financial solutions for Kojo Bonsu.
C) WHEREAS, the TRUSTOR & TRUSTEE desire to establish the duties and responsibilities of both parties in connection with above mentioned assets of the TRUSTOR as set forth herein and as set forth in certain other agreements as may be required.
NOW, THEREFORE, in consideration of the promises, covenants and conditions contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
TERMS AND CONDITIONS

ARTICLE 3 - _ APPOINTMENT OF TRUSTEE; & ACCEPTANCE OF APPOINTMENT
TRUSTOR hereby appoints and designates the TRUSTEE to accept the ASSET provided by the TRUSTOR, suchassets being provided, in an attempt to meet the TRUSTOR’s objective of investments for current and ongoing needs. Whereas TRUSTEE shall have full and complete authority, subject to the specific written instructions of the TRUSTOR, to deliver by international Wire Funds as described in this agreement all in order to meet the objectives of Mr Kojo Bonsu.Specific written instructions means that the Trustor must send to the Trustee signed instructions by Email or Facsimile prior to any actions being taken.
The TRUSTEE hereby accepts its appointment as "TRUSTEE“ for the TRUSTOR and agrees to supervise and direct the management of the funds that are placed in Trust in accordance with the terms of this Agreement and other related support documents as the need shall apply.
Whereby TRUSTEE, shall perform its duties hereunder with the care, skill, prudence and diligence, applied to such matters, used in the conduct of this product purchase and sale, which are supporting the needs of the TRUSTOR.

ARTICLE 4 - _ SCOPE OF WORK
Whereas the parties agree that the TRUSTEE shallrepresent the interest of the TRUSTOR. These services include executing a variety of banking functions such as receiving Funds, Transfers into one or more Trust Accounts, transferring these funds internationally with full documentation as needed for speedy processing, holding funds and Assets in support of investments for TRUSTOR, arranging for the distribution of proceeds as requested in writing by TRUSTOR.

Such proceeds to be distributed by TRUSTEE, as instructed by TRUSTOR, these instructions sent by email or Fax, providing clear delivery instructions for the proceeds as they are provided by buyers of the client.
At all times the TRUSTEE shall act in a responsible manner exercising fiduciary discretion and representing the interests of the TRUSTOR and acting on behalf of TRUSTOR as instructed.
4.1: In those instances where the TRUSTEE is representing the interests of more than one client, then the TRUSTEE shall provide this disclosure, clarifying the limits and scope of her services to the other client as well as pointing out any potential conflicts of interest and accordingly securing the TRUSTOR’S pre-approval.

ARTICLE 5 - _ WARANTIES
TRUSTOR warrants that its "Asset" are of good, legal origin and that TRUSTOR representative identified herein by name is duly authorized to execute this agreement. Further, TRUSTOR represents that it is ready, willing and able to transfer such asset(s) into the TRUST ACCOUNT of the designated TRUSTEE, or otherwise arrange for the transfer of such asset(s).
Following the assignment of TRUSTEE, thetransfer of the assets will be completed by TRUSTOR into the designated TRUST ACCOUNT with all possible speed. TRUSTEE will perform the services needed by the TRUSTOR for its product purchase and sales needs under the supervision of TRUSTOR as provided from time to time in written instructions delivered to TRUSTEE by the TRUSTOR
TRUSTEE will accept and immediately execute written instruction from the TRUSTOR with regard to all asset(s) deposited in the account of the TRUSTEE and entrusted to the TRUSTEE by the TRUSTOR.
The Trustee shall safeguard these Assets at all times to ensure the safety of the Assets (as listed and identified below) held by the TRUSTEE on behalf of the TRUSTOR.



ARTICLE 6 – BANK ACCOUNTS INFORMATION


the Trustor funds are coming from the bank listed below:




TRUSTEE RECEIVING ACCOUNT

Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Trustee may establish Receiving Accounts at other banks and notify Trustor to have funds transferred to such banks.
ARTICLE 7 - _ AUTHORITY OF THE TRUSTEE
In connection with obligations hereunder, the TRUSTEE, in its discretion, shall have the authority where relevant, to act, on behalf of the TRUSTOR to:
Place into an active management account the assets for purposes of meeting the TRUSTOR’s funding needs and Investment objectives.

a) From time to time as the need may arise open, maintain and close bank accounts (subject to the written approval of the TRUSTOR), and
b) Authorize the drawing of checks or other orders for the payment of monies in respect thereof;
c) Executing a variety of banking functions such as receiving Funds (herein the Asset(s)) and as needed financial instruments into one or more of the Trust Accounts, arranging bank credit against such instruments, pledging and assigning financial instruments to the bank to receive funding, transferring funds Internationally, receiving funds on behalf of the Trustor, all in support of making investments for Client.
d) Arrange for the placement of insurance on the cash funds contributed by TRUSTOR, protecting the TRUSTOR’s funds against theft and malfeasance.
e)Secure principal protection on the funds from a regulated financial services company with which Trustee works
f) Retain persons, firms or entities selected by the TRUSTEE in its discretion, to provide certain administrative services to the TRUSTOR if requested, including the retention of accountants and others to provide certain accounting, reporting and record-keeping services;
g) Effect all necessary registrations, notices or other filings with governmental or similar agencies;
h) Return the asset without penalty to client upon first written request, whereby such request shall only be made post 30 banking days after the delivery of the Asset to the trust account provided. Such request shall only be made in accordance with the terms of the LASA and its subsections, copy of these shall be attached to the Return of Assets Letter. All written request shall be processed in 7 (seven banking) days.

ARTICLE 8 - _ RESPONSIBILITIES OF THE TRUSTEE
TRUSTEE will perform all necessary services subject to the approval of the TRUSTOR, basedonthe authority granted to her in accordance to the terms in thisagreement, and shall keep TRUSTOR informed of progress and developments, and respond promptly to TRUSTOR’s inquiries and communications.

8.1: TRUSTEE will maintain the Asset in good standings and with full responsibility at all times.

ARTICLE 9 - _ FEES FOR SERVICES
The parties hereto agree that compensation for the performance of duties, provided by TRUSTEE, the TRUSTEE shall be paid 20% of gross profits from investments with funds provided by TRUSTOR.
ARTICLE 10 - _ EXPENSES (if any)
The TRUSTOR shall bear its own organizational and operating expenses, including, without limitation, administrative expenses, legal expenses, expenses associated with its Loan management system, internal and external accounting, audit and tax preparation expenses, interest, taxes, costs and other expenses associated with the operation of the TRUSTOR. In addition, form time to time the TRUSTEE may provide various offering, accounting, legal and administrative services to the TRUSTOR, whereby the TRUSTOR, (if using any of these services) shall be charged an annual Administrative Fee of up to 00.25% annually of the TRUSTOR’s Net Asset Value to compensate the TRUSTEE for the cost and expenses associated with the provision of such services. It is the understanding of the parties hereto that TRUSTOR´s Funding shall be responsible for this Administrative Fee as applicable (if applied).

ARTICLE 11 - _ TERM
This Agreement shall remain in effect for one year and automatically renewed unless a written notice by either party is given to the other.

ARTICLE 12