DRAFT AGREEMENT FOR SALE.

THIS AGREEMENT is made this ______ day of ______, Two thousand and Sixteen.

BETWEEN HUSTLERS INVESTMENT LIMITED, P.O Box ABC – 10100, NYERI in NYERI COUNTY within The
Republic of KENYA (hereinafter called “The Vendor”) of the one part.

AND TAJIRI MJOMBA, National Identity Card Number ___________, of P.O. BOX Number 2022-00400,
NAIROBI, in NAIROBI CITY COUNTY within the aforesaid Republic (hereinafter called “The Purchaser”) of
the other part.

WHEREAS The vendor is the registered proprietor as Grantee of all that land known as L.R. NO. 55/222/3
registered as IR. NO. 21167 situated within NAIROBI MUNICIPALITY, NAIROBI COUNTY measuring about
(1.2) Hectares or 2.96526 Acres. (Hereinafter referred to as the property)

AND WHEREAS The Vendor is now desirous of selling the Plot to The Purchaser at an agreed
CONSIDERATION of KENYA SHILLINGS ONE HUNDRED MILLION (say 100,000,000/-) ONLY.

NOW IT IS MUTUALLY AGREED BY AND AS BETWEEN THE PARTIES HERETO AS FOLLOWS:

1. THAT the purchaser will pay a deposit of 40% of the asking price i.e. 40,000,000/- Kenya
Shillings.

2. THAT the deposit will be safe guarded by the subject matter of the sale acting as security for the
deposit paid.

3. THAT the balance of the agreed purchase price will be paid through a loan agreement by the
purchaser and 1st Bank International.

4. THAT the purchaser has given POWER OF ATTORNEY to his son Kijana Tajiri to deal with the
transaction on his behalf within the next two months where the purchaser will be out of the
country.

5. THAT The Vendor undertakes to apply and obtain some of the completion documents as
the case may be, of the property to The Purchaser upon full payment of the purchase
price.

6. THAT The Vendor undertakes to thereafter, sign TRANSFER documents in triplicate in favor
of The Purchaser, to facilitate valid, legal and successful transfer and registration of the
plot in his name.

7. THAT The Vendor has paid all due and outstanding land rent to THE COMMISSIONER OF
LANDS and land rates to the relevant local authority ( NYERI COUNTY GOVERNMENT), if
any, for the property.

8. THAT The Purchaser has inspected the property/plot and has ascertained its physical
condition and located and identified the position of the beacons on the ground.
 9. THAT the property is sold on the basis of “as-is-where-is”.

10. THAT the Purchaser shall pay the costs for this transaction.

11. THAT The Purchaser is at liberty to take possession of the plot.

12. THAT the legal fees herein shall be paid by the Purchaser.

13. THAT should The Vendor breach this agreement, he shall refund the part of the purchase-money
received being liquidated damages for breach of contract.

14. THAT should The Purchaser breach this agreement, he shall be refunded the part of the
purchase price paid, less liquidated damages for breach of contract.

15. THAT time is neither here nor there to this transaction.

16. THAT The Law Society Conditions are applicable to this transaction.

17. THAT each party can sue the other for breach of contract in any event.

IN WITNESS WHEREOF, THE PARTIES HERETO SET THEIR RESPECTIVE HANDS AND MARKS THE
DATE HERE-IN-BEFORE WRITTEN.

Signed by The VENDOR

(HUSTLERS INVESTMENTS LIMITED)
)
)
)
In the presence of:-
(Advocate)

Signed by The PURCHASER

(KIJANA TAJIRI (ON BEHALF OF TAJIRI MJOMBA))
)
))
)
In the Presence of:-
(Advocate)
)
)

DRAWN BY:

FIRM 20 AND COMPANY ADVOCATES

BIASHARA BUILDING, 5TH FLOOR, MASAKU WAY

P.O. BOX 1278-00200 GPO NAIROBI.

E-mail: Firm20andcompanyadvocates@gmail.com