Contract of Sales Agreement

This Contract of Sales Agreement ("COSA") is made between Citi Buildings Real Estate and Property Development Company (the "Developer") and the Subscriber named on their subscription form (the "Subscriber"), governing the purchase of an apartment unit under the Citi Hope Homes project.

1. Property Types

• Gold — One Bedroom Apartment comprising one room ensuite, sitting room (parlour), guest toilet and kitchen.
• Platinum — Two Bedroom Apartment comprising two rooms ensuite, sitting room (parlour), guest toilet and kitchen.
• Royal — Three Bedroom Apartment comprising three rooms ensuite, sitting room (parlour), guest toilet and kitchen.

2. Full Offer Price

Package	Total Price
Gold (One Bedroom Apartment)	₦8,760,000.00
Platinum (Two Bedroom Apartment)	₦16,060,000.00
Royal (Three Bedroom Apartment)	₦23,360,000.00

Instalmental Payment Structure

Package	Component	Years	Initial Deposit	Daily Instalment	Total
Gold	Apartment	6	₦30,000.00	₦2,400.00	₦5,256,000.00
	Infrastructure	4		₦2,400.00	₦3,504,000.00
Platinum	Apartment	6	₦40,000.00	₦4,400.00	₦9,636,000.00
	Infrastructure	4		₦4,400.00	₦6,424,000.00
Royal	Apartment	6	₦50,000.00	₦6,400.00	₦14,016,000.00
	Infrastructure	4		₦6,400.00	₦9,344,000.00

*Infrastructure refers to Green Park and Recreation Playground, 24/7 Electricity, Water, Security and CCTV.

4. Subscriber's Obligation, Default & Penalty

4.1 Subscriber's Obligations

1. Subscribers shall make payments of ₦2,400.00 per day for Gold, ₦4,400.00 per day for Platinum and ₦6,400.00 per day for Royal Apartments.
2. Payments shall be made on a daily or weekly basis to the Developer's designated Bank Account.
3. Any payment, cash or otherwise, made to the personal account of any realtor or employee of the company is at the Subscriber's risk.
4. Payments shall be made under two instalmental payment milestones — 6 years in the first instance covering the Apartment type, followed by 4 years covering Infrastructure.
5. Payments shall be made every calendar day of the year, up to 365 or 366 days as appropriate, over the entire period.

4.2 Default and Penalty

1. If the Subscriber fails to make payment for 7 consecutive days, the cumulative payment for those 7 days must be paid within the following 7 days.
2. If payment delays for 14 days, a penalty of 3% shall accrue to the Developer.

5. Developer's Obligation

5.1 Ownership and Management

1. The entire property housing Citi Hope Homes and its appurtenances shall be owned by Citi Buildings Real Estate and Property Development Company.
2. The Developer shall construct the Property according to approved plans and specifications, and obtain all necessary regulatory approvals.
3. The property shall be managed by the Developer or their designated estate/facility manager.
4. Subscribers shall only own the portion they purchased and made full payment for upon completion of payment.
5. The Property is covered by a Global Certificate of Occupancy, from which Deeds of Assignment shall be issued to subscribers upon payment in full.
6. Subscribers shall be responsible for processing their own Governor's Consent using the Deed of Assignment.
7. The Developer reserves the right, within reasonable limits, to increase apartment prices to address inflation if needed.

5.2 Obligation to Subscribers

1. Subscribers shall be issued a receipt and a contract of sales agreement after paying the initial deposit, and are expected to sign and return it to the company.
2. Subscribers shall receive an Insurance Certificate for their property within 3–6 months of consistent instalmental payments.
3. Subscribers shall receive a Deed of Assignment upon full completion of payment, with which they can process their Governor's Consent.
4. For any discontinuity or cancellation of the payment tenure, subscribers shall be charged 35% of all funds deposited, with the outstanding balance paid within 90 working days.

5.3 Delivery

Delivery of each unit is subject to full payment of the purchase price and completion of the unit by the Developer. Subscribers shall receive their title documents as captured above.

6. Termination of Agreement

This agreement terminates upon satisfactory completion of payment and delivery; consistent failure by the Subscriber to make instalmental payments; failure to pay all required fees; voluntary withdrawal by the Subscriber before full payment (no fault of the Developer); or where the Developer delays delivery after receiving all fees and the Subscriber has not defaulted.

7. Dispute Resolution

Any conflict that cannot be resolved in-house through mutual negotiation shall be resolved by Arbitration via Alternative Dispute Resolution (ADR), and if that fails, either party may approach a competent court of law.

8. Taxes and Outgoings

All property taxes, charges and levies on the Property until the date of possession shall be borne by the Developer. Post-possession, all such taxes and maintenance charges shall be borne by the Subscriber.

9. Indemnity

The Developer shall indemnify the Subscriber against any disputes, claims, or encumbrances related to the title of the Land.

10. Entire Agreement & Notice

This Contract of Sales Agreement, together with all documents referred to in it, constitutes the whole agreement between the parties. Any notice under this agreement shall be in writing, delivered by hand or email to the address provided on the subscription form, and shall be deemed received 48 hours after dispatch.