Invest  Relocate Africa

As an investor, you will receive earning based on the percentage that you invest in the project. Our budget is $20,000 in first phase start-up cost. So if you were to invest $5,000 you will receive 25 percent of revenues paid out monthly.

 

Look over the agreement and send your question to our Facebook message thread

2.0   Investors and Agreement date

​This Limited Partnership Agreement (the “Agreement”) is made and entered into this July 5, 2021 (the “Effective Date”).  The partners in this agreement are as follows:

  NJIE’S LODGE

  EKF INVESTORS:

     FATIMAH ABDULLAH

     KWESI BOYD

     ELVIN SLOAN

 

2.1 Terms & conditions

The parties agree to the following:

To renovate and remodel and manage the property in this agreement as Njie Resort. We will assist in providing startup cost that will allow us to begin phase one renovation so that the venture can start generating revenue.

2.2 The Partnership:
The parties wish to become legal partners in business.
​The terms and conditions of their Partnership will be outlined in this Agreement.

​If the Agreement is executed, the Partnership will be in effect on July 5, 2021.
​The Partnership will only be terminated as outlined in this Agreement.
The Partnership’s primary place of business will be Njie Resort, Brufut, The Gambia.
The Partnership will be governed under the laws of the country of Gambia.

The Partnership’s primary purpose is to renovate and prepare Njie Resort to receive paying customers.

 

We have set an amount of twenty thousand dollars as a start-up cost.

Start Up Cost $20,000

​

2.3 Contribution
The Partners will make an initial contribution to the Partnership as follows:
 

NJIE’S LODGE:                                                   $0

EKF INVESTMENT:                                            $10000

     FATIMAH ABDULLAH    $3000

     KWESI BOYD                   $4000

     ELVIN SLOAN                  $3000

Contributions will be submitted no later than July 15th, 2021.  All capital contributions are final unless all partners give written consent of withdrawal.  All contributions will be deposited into a joint capital account.

2.4 Interest and Authority
The Partners’ ownership interest in the Partnership will be as follows:
NJIE’S LODGE:                                                 70%

EKF INVESTMENT:                                          30%

     FATIMAH ABDULLAH      9% (30)

     KWESI BOYD                     12% (40)

     ELVIN SLOAN                     9% (30)

 

The Partners’ authority will be defined by the following unless otherwise stated in the Agreement: Any decisions requiring a contract or otherwise will require a unanimous vote by all Partners.
​

2.4.1 Costs:
The Partners will share costs according to the following percentages:

NJIE’S LODGE:                                                 70%

EKF INVESTMENT:                                          30%

     FATIMAH ABDULLAH      9%

     KWESI BOYD                     12%

     ELVIN SLOAN                     9%
​

2.4.2 Profits:
The Partners will share the net profits of the Partnership according to the following percentages:
NJIE’S LODGE:                                                 70%

EKF INVESTMENT:                                          30%

     FATIMAH ABDULLAH      9%

     KWESI BOYD                     12%

     ELVIN SLOAN                     9%

​The Profits will be distributed every week once the operation begins. All owners will have access to financial records.
​
2.4.3 Partner Roles:
Management Roles:
Gibbi Njie, Mass Kwesi Boyd, Elevin Sloan,  will be responsible for all day-to-day operations i.e. marketing and booking compound.​

2.4.4 Accounting:
 

All accounts related to the Partnership including contribution and distribution accounts will be audited quarterly.
​All Partners will maintain a joint contribution account.  All Partners will maintain a joint distribution account.  Partners will keep accurate and complete books of account for all accounts related to the Partnership.  Any Partner, whether majority or minority, will be allowed to review all books of account at any time they request.
​Accounting records will be kept on a cash basis.
The fiscal year will be complete on December first of each year.  All Partners will present their position on the state of the Partnership within two weeks of the completion of each fiscal year.
​
2.5 Dissolution
Should the Partnership be dissolved by unanimous vote, the Partnership will be liquidated, and the debts will be paid.  All the remaining funds after debts have been paid will be distributed based on the percentage of ownership interest outlined in this Agreement.

We the undersigned have read and understood the terms & conditions of this agreement and hereby append our signature below.

 

 

NJIE’S LODGE (GIBBI NJIE OWNER)

 

 

_____________________________________ Date __________

 

FATIMAH ABDULLAH

 

 

_____________________________________ Date __________

 

KWESI BOYD

 

 

_____________________________________ Date __________

 

ELVIN SLOAN

 

 

_____________________________________ Date __________