2000sqm Waterfront Joint Venture ( JV) Leki Phase 1

LEKKI WATERFRONT JOINT VENTURE DEAL TERMS & CONDITIONS FOR JOINT VENTURE PARTNERSHIP AT ADMIRALTY WAY Prospective partner: A proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments. Plot size: 2,000 sqm Title: Federal C OF O & Lagos State Governor’s Consent. Value of the land: N5.6 billion Type of Development: High density/high-rise (how many floors). What kind of houses? Sharing formula: Developer: 60% Landowner: 40% Premium: N360m Proof of availability of funds to start & finish the project (eg., Bank statement or guarantee or whatever the institution you plan to use). Detailed finishing documents. Facilitators’ fee: 10% of land value AbuA Mole Real Estate JVdevlop