@extends('layouts.basic')
@section('content')
    <section class="terms-and-conditions">
        <div class="container-fluid">
            <div class="terms-farmsponsor">
                <div class="row">
                    <div class="col-12 col-md-3">
                        <div class="terms__heading-wrap">
                            <h1 class="terms__heading">Terms and Conditions </h1>
                        </div>
                    </div>
                    <div class="col-12 col-md-9">
                        <div class="terms__content">
                            <div class="terms__intro">
                                <p class="terms__text">
                                    The statements furnished below are not to be taken in context but 
                                    stated as construed to imply, connote, denote, demystify, convey and 
                                    refer to the Insurance Offer Farmsponsor gives her clients 
                                    (Farmers and Sponsors). Updates to this document shall be made periodically 
                                    and will be provided to Farmsponsor’s clients upon request.
                                </p>
                            </div>
                            <div class="terms__section terms-liability">
                                <h2 class="terms__title">1. Liability</h2>
                                <p class="terms__text">
                                    Issuer’s policy for Famsponsor covers Farmers risk and Sponsors 
                                    risk (“All Risk”). All Risk as aggregated by Farmsponsor is 
                                    limited to financial loss obtainable in the course of farming 
                                    (identified as “sponsorship + returns on sponsorship” or 
                                    “VestBanking funds and returns”) incurred by Farmsponsor’s 
                                    client(s).
                                </p>

                                <p class="terms__text">
                                    Issuer agrees that financial loss as recognized can be had through 
                                    several means in the process of conducting business with 
                                    Farmsponsor, however, there are limitations to the areas where 
                                    claims can be made.
                                </p>
                            </div>

                            <div class="terms__section terms-category">
                                <h2 class="terms__title">2. Category for Poultry Farming</h2>
                                <p class="terms__text">
                                    The categories of Insurance Cover are dependent on the size of 
                                    farm and farm location, separated by the payment plan and magnitude of claim. 
                                </p>
                            </div>

                            <div class="terms__section terms-services">
                                <h2 class="terms__title">3. Services for Poultry Farming</h2>

                                <h3 class="terms__title--sub">By Farmsponsor:</h3>
                                <p class="terms__text">
                                    Sponsor: To use client’s funds to sponsor poultry farmers 
                                    (Broilers) who shall raise these birds until maturity at One Thousand Naira 
                                    (NGN 1000) per unit (bird), after which Farmsponsor shall sell the units and pay 
                                    client back his/her seed input plus a yield of 15% of seed input, after agreed 
                                    period as established in these Terms and Conditions between Farmsponsor and Sponsor, 
                                    according to Farmsponsor’s duly published and authorized Farming Calendar.
                                </p>

                                <h3 class="terms__title--sub">Farmer:</h3>
                                <p class="terms__text">
                                    To use Farmer’s farm to raise poultry (Broilers) until maturity (6 Weeks) at One 
                                    Thousand Naira (NGN1000) per unit (bird), after which Farmsponsor and Farmer shall 
                                    sell the units at the best market price obtainable, and pay Farmer his/her yield of 
                                    Agreed remuneration as established in the Memorandum of Understanding/Agreement 
                                    between Farmsponsor and Farmer, according to Farmsponsor’s Farming Calendar and Farming Model.
                                </p>

                                <h3 class="terms__title--sub">By Client:</h3>
                                <p class="terms__text">
                                    Sponsor: To voluntarily make funds available to farmers to increase their output.
                                </p>

                                <p class="terms__text">
                                    Farmer: To monitor the birds, provide security and tools (includes but not limited 
                                    to electricity, water, feeding troughs, storage compartment, brooding pens, buckets, 
                                    shovels, sacks, stoves, lanterns, charcoal pots, cleaning materials, demarcations, wood 
                                    shavings, charcoal, staffing and every other tool apart from feeds and medicine). 
                                </p>
                                <p class="terms__text">
                                    To indemnify Farmsponsor from damages to the pen, 
                                    theft and careless death of birds due to direct, action or omission of duties by client’s 
                                    farm workers.
                                </p>

                            </div>

                            <div class="terms__section terms-duties">
                                <h2 class="terms__title">4. Duties for the Parties in Poultry Farming</h2>
                                
                                <h3 class="terms__title--sub">By Farmsponsor to Client:</h3>
                                <p class="terms__text">
                                    Sponsor: To promptly collect sponsorship funds and begin farm cycle as published/advertised. 
                                </p>
                                <p class="terms__text">
                                    To introduce units to the pen on the advertised date. 
                                </p>
                                <p class="terms__text">
                                    To make available; feeds, medicine and vaccines following a chart as agreed between Farmsponsor and Farmer. 
                                </p>
                                <p class="terms__text">
                                    To provide information about farm cycle client participated in on demand and periodically. 
                                </p>
                                <p class="terms__text">
                                    To commence sales six (6) weeks after units were introduced to the pen. 
                                </p>
                                <p class="terms__text">
                                    To pay complete returns to client on the agreed date. 
                                </p>
                                <p class="terms__text">
                                    Farmer: To use sponsorship funds to procure the units, feeds, medicine and 
                                    vaccines following a chart as agreed between Farmsponsor and Farmer.
                                </p>
                                <p class="terms__text">
                                    To administer the feeds, medicine and vaccine according to the agreed regiment. 
                                </p>
                                <p class="terms__text">
                                    To honour all retain payout requests made on the site to which these Terms and Conditions uphold alone.
                                </p>

                                <h3 class="terms__title--sub">By Client to Farmsponsor:</h3>

                                <p class="terms__text">
                                    Sponsor: To make declared funds available promptly and in whole, not in part/installments as the different parts shall be considered as separate sponsorships. 
                                </p>
                                <p class="terms__text">To request for information and updates about farm cycle client participated in.</p>
                                <p class="terms__text">Farmer: To permit unrestricted access to Farmsponsor and her assign(s).</p>
                                <p class="terms__text">To allow Farmsponsor audit the Facility (pen(s), security, farm workers, tools, electricity and water) and make available consent for Farmsponsor to initiate farm transaction. </p>
                                <p class="terms__text">To notify Farmsponsor of any farm activities to be carried out within the facility during the term of the agreement. </p>
                                <p class="terms__text">To record appropriately, all farm activities including but not limited to mortality, incidents and stock taking</p>
                            </div>

                            <div class="terms__section terms-indemnity">
                                <h2 class="terms__title">5. Indemnity in Poultry Farming</h2>
                                <p class="terms__text">
                                    Farmsponsor’s client(s) will not hold Farmsponsor liable for any or all of the following claims:
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Alien Sponsorship: <span class="terms__text--light">Making payment outside the provided window or without the acknowledgement of proper authority</span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Alien Sales:  <span class="terms__text--light">Exchanging units for money outside the provided window, without the acknowledgement of proper authority
                                        </span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Damage:  <span class="terms__text--light">Physical/psychological damage to the Facility by any means whatsoever</span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Theft:  <span class="terms__text--light">In the event tools or the entire Facility ceases to exist partially or totally</span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Careless Death:  <span class="terms__text--light">In the handling of the units, Farmsponsor acknowledges that loss from death may occur; however, these events must not be from negligence of Facility by farmer and must be accounted for in detail</span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Direct Action:  <span class="terms__text--light">In any case, Farmer and his/her assign, impostor or invader are not permitted to cause harm in all its ramifications to the units and hereby indemnify Farmsponsor from any loss incurred through this means</span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Omission:  <span class="terms__text--light">Is not a condition for waiver of the “Direct Action” indemnity statement as it does not constitute grounds to lay claims for financial loss</span>
                                </p>
                                <p class="terms__text terms__text--dark">
                                    Security:  <span class="terms__text--light">The security of the Facility is the sole responsibility of the Farmer and he/she indemnifies Farmsponsor from any financial loss incurred due to the absence or presence of security apparatus.</span>
                                </p>
                            </div>

                            <div class="terms__section terms-majeure">
                                <h2 class="terms__title">6. Force Majeure in Poultry Farming</h2>
                                <p class="terms__text">
                                    Sponsors agree to allow Farmsponsor conduct due diligence on the financial 
                                    history of sponsor as an eligibility requirement for acceptance of sponsorship 
                                    such that in the event of “unforeseen circumstances” which includes but is not 
                                    limited to natural disaster, political instability, insurgency, terrorism, 
                                    epidemic (e.g. bird flu outbreak) and pandemic, unfavorable government policies 
                                    and financial loss as described was recorded, Farmsponsor shall make payment to 
                                    Farmsponsor client(s) according to agreed terms.
                                </p>
                                <p class="terms__text">
                                    Depending on the magnitude of damage caused by any of the aforementioned, 
                                    Farmsponsor reserves the right to change the sponsorship fund (blind pool) 
                                    payment plan into a long term negotiable instrument such as agro estates 
                                    (oil palm plantation and refinery) or equity sponsorship, with prior notice to Sponsors.   
                                </p>
                                <p class="terms__text">
                                    Notwithstanding the foregoing, Sponsors are required by this agreement to make sponsorship 
                                    below 10% of their annual income per cycle. Institutional sponsors however are not limited 
                                    by this clause.
                                </p>
                                <p class="terms__text">
                                    Sponsors admit to the understanding that crowdfunding is risky and sponsor may lose entire 
                                    investment and confirms that he/she can bear loss without undue hardship, established by 
                                    acceptance of this agreement.  
                                </p>
                                <p class="terms__text">
                                    To eliminate the risk of force majeure as established, Farmsponsor obtains an Agricultural 
                                    Insurance Policy from reputable insurance companies per cycle as well as deploy other risk 
                                    mitigation strategies/structure in conducting our operations as this cannot be overemphasied.
                                </p>
                            </div>
                            <div class="terms__section terms-transferability">
                                <h2 class="terms__title">7. Transferability</h2>
                                <p class="terms__text">
                                    This insurance cover is non-transferable. Successors or assigns of either 
                                    party are subject to a separate insurance cover as agreed with Farmsponsor.
                                </p>
                            </div>

                            <div class="terms__section terms-termination">
                                <h2 class="terms__title">8. Term and Termination</h2>
                                <p class="terms__text">
                                    The statements and covenants furnished herein shall be in effect until the dissolution of agreement between both the parties in writing or at the end of term of relationship with Farmsponsor.
                                </p>
                            </div>

                            <div class="terms__section terms-failure">
                                <h2 class="terms__title">9. Failure</h2>
                                <p class="terms__text">
                                    Failure is said to have occurred when all or part of these statements have either been ignored or out rightly not upheld.
                                </p>
                            </div>
                        </div>
                    </div>
                </div>
            </div>

            <div class="terms-vestbanking">
                <div class="row">
                    <div class="col-12 col-md-3">
                        <div class="terms__heading-wrap">
                            <h1 class="terms__heading">Vest<span class="terms__heading-span">Banking</span></h1>
                        </div>
                    </div>
                    <div class="col-12 col-md-9">
                        <div class="terms__content">
                            <div class="vestbanking__intro">
                                <p class="terms__text">
                                    1. Vestbanking account means the Client’s virtual savings account to which these terms and conditions apply. 
                                </p>
                            </div>

                            <div class="vestbanking__section vestbanking-account">
                                <p class="terms__text">
                                    1.1. Vestbanking account does not incorporate the use of an ATM (Automated Teller Machine) or magnetic strip card. It may however use codes, secret numbers and IDs as issued by Farmsponsor
                                </p>

                                <p class="terms__text">
                                    1.2. Vestbanking account holder may choose to transfer from Parent bank to Vestbanking account only via a standing order sent through the site, or from Vestbanking account to Parent bank account. A user may contact support for assistance if unable to Vest funds using the site. Vestbanking account holder may also choose to transfer from Vestbank balance to Vest For Farm' balance with the assistance of their client relationship officer.
                                </p>
                                
                                <p class="terms__text">
                                    1.3. A free Vestbanking account is created automatically after signing up with Farmsponsor.
                                </p>

                                <p class="terms__text">
                                    1.3.1. Upon sponsoring a local farmer with Farmsponsor from your vest banking balance, the remaining balance if sufficient may be used for further sponsorship if desired.
                                </p>

                                <p class="terms__text">
                                    1.4. Dormant Vest banking account means an account that has had no client-initiated debit or credit transactions for such a vesting period as Farmsponsor, at its discretion, may determine from time to time.
                                </p>

                                <p class="terms__text">
                                    1.5. Farmsponsor shall continue to update Vestbanking product specifications, including but not limited to minimum deposits, minimum balances and applicable service fees.
                                </p>

                                <p class="terms__text">
                                    1.6. Vestbanking funds are protected by “Parent” bank Client made transfer to/with or supplied during subscription, notwithstanding the protection offered by Farmsponsor Privacy Policy.
                                </p>

                                <p class="terms__text">
                                    1.7. All transactions not authorized by the client, but which have been carried out by any other means before Farmsponsor has had the reasonable opportunity to control the transaction requires a notification to be sent by client revoking the prevailing Standing Order, to prevent any further unauthorized transactions.
                                </p>
                            </div>

                            <div class="vestbanking__section vestbanking-interest">
                                <h2 class="terms__title">VESTBANKING RETURNS</h2>
                                <p class="terms__text">
                                    2. Subject to product specifications, returns may accrue to the balance in the account, IF AND ONLY IF the account has a credit balance
                                </p>

                                <p class="terms__text">
                                    2.1. Where applicable, returns shall be calculated on the end-of-day balance and shall accrue and be capitalized on a monthly basis.
                                </p>

                                <p class="terms__text">
                                    2.1.1 returns rates on credit balances shall not be tiered; a flat rate returns is applicable.
                                </p>

                                <p class="terms__text">
                                    2.2. End-of-day balance cannot be less than zero, no overdraws.
                                </p>
                            </div>


                            <div class="vestbanking__section vestbanking-withdrawal">
                                <h2 class="terms__title"> VESTBANKING WITHDRAWALS</h2>
                                <p class="terms__text">
                                    3. Funds shall be available on demand, subject to the following limitations:
                                </p>

                                <p class="terms__text">
                                    3.1. Daily withdrawal limits;
                                </p>
                                <p class="terms__text">
                                    3.2. Minimum-balance requirements;
                                </p>
                                <p class="terms__text">
                                    3.3 Product-specific withdrawal limitations;
                                </p>
                                <p class="terms__text">
                                    3.4. Request has to be posted during work hours.
                                </p>
                            </div>

                            <div class="vestbanking__section vestbanking-funding">
                                <h2 class="terms__title">FUNDING VESTBANKING ACCOUNT</h2>
                                <p class="terms__text">
                                    4.1 Subject to product specifications, there is no limit to the number of times and amount a client chooses to fund account after subscription at the rate of One Thousand Naira (NGN1,000) per unit.
                                </p>
                                
                                <p class="terms__text">
                                    4.2. Clients may only fund their Vestbanking account when all sponsoring windows are closed.
                                </p>

                                <p class="terms__text">
                                    4.3. If any negotiable instrument (such as Payout Funds, real estate, etc) is deposited on the account, the proceeds shall be credited to the account, but the proceeds shall only be available as cash when the negotiable instrument has been honoured. If the negotiable instrument is dishonoured, the account shall be debited accordingly and Farmsponsor shall send the negotiable instrument to the client at his/her risk.
                                </p>

                                <p class="terms__text">
                                    4.4. If a funding attempt fails, Farmsponsor shall inform the client within a reasonable period of time.
                                </p>

                                <p class="terms__text">
                                    4.5. A standing order instruction is said to be executed when any action is done using the vestbanking software which may include but not limited to add money, withdrawal and sponsorship.
                                </p>

                            </div>

                            <div class="vestbanking__section vestbanking-transaction-charges">
                                <h2 class="terms__title">TRANSACTION CHARGES AND ACCOUNT MAINTENANCE FEES</h2>
                                <p class="terms__text">
                                    5. Farmsponsor may charge fiat charges as applicable to issuing or receiving “Parent” bank.
                                </p>

                                <p class="terms__text">
                                    5.1. Under certain circumstances, the client may qualify for exemption from certain transaction charges and account maintenance fees.
                                </p>
                            </div>

                            <div class="vestbanking__section vestbanking-account-overdrawn">
                                <h2 class="terms__title">VESTBANKING ACCOUNT OVERDRAWN</h2>
                                <p class="terms__text">
                                    6. The client shall not be entitled to overdraw the Vestbanking or Normal account. However, if either of the accounts becomes overdrawn, a letter of demand may be sent to the client, demanding payment of the amount overdrawn.
                                </p>
                                <p class="terms__text">
                                    6.1. If the client does not pay the amount so demanded, he shall be in breach of his obligations in terms of the agreement and legal action shall follow, the cost of which shall be debited to the client’a parent bank account.
                                </p>
                                <p class="terms__text">
                                    6.2. Farmsponsor, without notifying the client, is entitled to use any vestbanking credit balance in the account, or on any other account that the client may have with Farmsponsor, to settle client’s debts for whatever reason.
                                </p>
                            </div>


                            <div class="vestbanking__section vestbanking-liability">
                                <h2 class="terms__title">LIABILITY ON VEST BANKNG</h2>
                                <p class="terms__text">
                                    7. Farmsponsor shall not be liable to the client for any damage or loss that the client may suffer as a result of the following:
                                </p>

                                <p class="terms__text">
                                    7.1. Any person gaining unauthorised access to any information or data;
                                </p>
                                <p class="terms__text">
                                    7.2. Incorrect information being given to any person, assign or third-party
                                </p>
                                <p class="terms__text">
                                    7.3. Farmsponsor processing any information incorrectly 
                                </p>
                                <p class="terms__text">
                                    7.4. Farmsponsor undertakes to not disclose account information and data to any unauthorised third party. Farmsponsor undertakes to not fabricate or assume details about clients Vestbanking account, in whole or part but work with what is given by client.
                                </p>
                            </div>
                                    

                            <div class="vestbanking__section vestbanking-termination">
                                <h2 class="terms__title">TERMINATION</h2>
                                <p class="terms__text">
                                    8. The agreement may be terminated unilaterally by either party by giving notice in writing. The client shall be entitled to cancel the agreement without prior notice to Farmsponsor, but Farmsponsor shall give reasonable prior notice of its intention to close the Vestbanking or Normal account except if the account is overdrawn or fraud or suspected fraud is occurring or has occurred on the account, in which event  Farmsponsor shall be entitled to close the account without prior notice.
                                </p>
                                <p class="terms__text">
                                    8.1. On termination of the agreement Farmsponsor shall be entitled, at its discretion, to retain sufficient funds in the Vestbanking account to provide for amounts that may become due to Farmsponsor after termination.                                    
                                </p>
                                <p class="terms__text">
                                    8.2. On termination of the agreement the client’s shall forfeit all access and benefits to the Vestbanking account
                                </p>
                                <p class="terms__text">
                                    8.3. Any amendment of the terms and conditions shall not constitute a nullification of the agreement or of any previous obligation by the client to Farmsponsor.
                                </p>
                            </div>
                            

                            <div class="vestbanking__section vestbanking-confidentiality">
                                <h2 class="terms__title">CONFIDENTIALITY AND DISCLOSURE OF INFORMATION</h2>
                                <p class="terms__text">
                                    9. The client’s personal information shall be treated as confidential and shall not be disclosed, except in the following circumstances:
                                </p>
                                <p class="terms__text">
                                    9.1. When the Farmsponsor is legally compelled to do so
                                </p>
                                <p class="terms__text">
                                    9.2. When it is in the public interest to disclose
                                </p>
                                <p class="terms__text">
                                    9.3. When Farmsponsor’s interests require disclosure; or
                                </p>
                                <p class="terms__text">
                                    9.4. When disclosure is made at the client’s request or with his written consent
                                </p>
                                <p class="terms__text">
                                    9.5. If the client has fallen behind with the repayment of his debt and has not, following formal demand, made alternative satisfactory arrangements with Farmsponsor. If the amount owed or in arrears is in dispute, this fact will also be disclosed but not the amount itself; or
                                </p>
                                <p class="terms__text">
                                    9.6. If the client has given his written consent.
                                </p>
                                <p class="terms__text vestbanking-arbitration">
                                    <b>
                                        ARBITRATION AND LEGAL EQUITABLE REMEDIES SHALL BE ADOPTED IN THE EVENT OF A DISPUTE THAT CANNOT 
                                        BE RESOVLED AT A ROUND TABLE AS AGREED BY THE DISPUTING PARTIES ALONE                                    
                                    </b>
                                </p>
                            </div>
                        </div>
                    </div>
                </div>
            </div>

            <div class="terms-private-sponsorship mt-5 terms-vestbanking">
                <div class="row">
                    <div class="col-12 col-md-3">
                        <div class="terms__heading-wrap">
                            <h1 class="terms__heading">Private<span class="terms__heading-span">Sponsorship</span></h1>
                        </div>
                    </div>
                    <div class="col-12 col-md-9">
                        <div class="terms__content">
                            <div class="vestbanking__intro">
                                <p class="terms__text">
                                    This 5-year Sponsorship plan aims at providing a 
                                    250 percent return on sponsorship for potential sponsors, 
                                    with a debt for equity swap option after 5 years. 
                                    Medium-term investment of 5 years with a minimum equity 
                                    contribution of N1,000,000 per unit. This debt finance 
                                    would be serviced by Farmsponsor for 5 years at specially 
                                    structured annual rates of (37%, 47%, 50%, 56%, 60%) 
                                    respectively, giving sponsors a return on sponsorship of 
                                    250% in 5 years. At the end of this period, a debt-equity 
                                    swap option is open to sponsors to convert all debt to an 
                                    equity stake, giving sponsors ownership interest in 
                                    Globetrot Farmsponsor Nigeria Limited. 
                                </p>
                            </div>

                            <div class="vestbanking__section vestbanking-interest">
                                <h2 class="terms__title">SCOPE/FEATURES OF SPONSORSHIP</h2>
                                <p class="terms__text">
                                    Long term (5-year tenure). Minimum sponsorship of NGN 1,000,000. 
                                    Specially structured ROI (37%, 47%, 50%, 56%, 60%) respectively 
                                    for 5 years. Returns to be paid bi-annually except stated otherwise. 
                                    Sum invested cannot be withdrawn till the end of the 5-year window.  
                                </p>
                                <p class="terms__text">
                                    WHEREAS IT’S FURTHER AGREED THAT: No option for a top up after close of window.
                                    Sum invested can be transferred between persons through sale of sponsorship slot, 
                                    or transferred to a next of kin agreed upon by both parties. 
                                    Opportunity for an ownership stake through debt to equity swap 
                                    option after 5 years. Convert to equity or withdraw capital. 
                                    A certificate confirming the private Sponsorship plan will be 
                                    issued by farm sponsor to the sponsor upon receipt of funds 
                                    confirming private sponsorship plan.
                                </p>

                                <h2 class="terms__title mb-5 pb-2">BREAKDOWN OF SPONSORSHIP RETURNS</h2>
                                
                                <div class="pv-returns-wrap mb-5 pb-5">
                                    <table class="cooltable">
                                        <thead>
                                            <tr>
                                                <th scope="col" >YEAR</th>
                                                <th scope="col">1ST SIX MONTHS</th>
                                                <th scope="col">2ND SIX MONTHS</th>
                                                <th scope="col" class="total">TOTAL</th>
                                            </tr>
                                        </thead>
                                        <tbody>
                                            <tr>
                                                <td>Year 1</td>
                                                <td>17%</td>
                                                <td>20%</td>
                                                <td>37%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 2</td>
                                                <td>22%</td>
                                                <td>25%</td>
                                                <td>47%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 3</td>
                                                <td>25%</td>
                                                <td>25%</td>
                                                <td>50%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 4 </td>
                                                <td>28%</td>
                                                <td>28%</td>
                                                <td>56%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 5 </td>
                                                <td>30%</td>
                                                <td>30%</td>
                                                <td>60%</td>
                                            </tr> 
                                        </tbody>
                                    </table>
                                </div>

                                <h2 class="terms__title">CONFIDENTIALITY</h2>

                                <p class="terms__text">
                                    The Parties undertake and shall not, at any time, disclose to any third 
                                    party any Confidential information concerning, the business, affairs customers, 
                                    clients or suppliers of the other party. A Party may disclose the other Party’s 
                                    confidential information to its employees, officers, representative or advisers 
                                    on a need to know basis and such information shall be disclosed for the sole 
                                    purpose of this private sponsorship agreement and for fulfilling their respective 
                                    obligations under this Agreement. Each Party shall ensure that its employees, 
                                    officers, representative or advisers to whom it discloses the other party’s 
                                    confidential information comply with the same breadth of non-disclosure coverage 
                                    as provided in this section. The non-disclosure obligations set out herein shall 
                                    not apply if the confidential information is: made publicly available through no 
                                    fault of the other party; or already lawfully known to GLOBETROT FARMSPONSOR and 
                                    INSERT NAME OF SPONSOR prior to disclosure hereunder, as shown by prior written 
                                    records; or required to be disclosed by law, court order, or other government or 
                                    regulatory authorities. No Party shall use the other Party’s confidential 
                                    information for any purpose other than for the successful execution of this 
                                    private sponsorship agreement and for fulfilling their respective obligations 
                                    under this Agreement. Each party agrees to return to the other party all 
                                    confidential information upon termination of this Agreement or on earlier demand 
                                    for whatever reason. The obligations stated in this section shall survive 
                                    termination or expiration of this agreement.
                                </p>

                                <h2 class="terms__title">DEATH OR INCAPACITY OF THE PARTIES</h2>
    
                                <p class="terms__text">
                                    The death or incapacity of any of the parties shall not dissolve this private 
                                    sponsorship agreement during its execution, the next of kin agreed and/or legal 
                                    representatives of either parties shall continue to perform the terms and 
                                    obligations of this private sponsorship agreement, unless it jointly agreed by the 
                                    parties to terminate this agreement either party giving a 30 days’ notice in
                                    writing.
                                </p>

                                <h2 class="terms__title">GOVERNING LAW</h2>
                                
                                <p class="terms__text">
                                    This private sponsorship agreement shall be construed in accordance with the laws of the Federal Republic of Nigeria    
                                </p>
                                
                                <h2 class="terms__title">DISPUTE RESOLUTION</h2>

                                <p class="terms__text">
                                    In the event of a dispute between the parties, legal or equitable remedies 
                                    may be employed for conflict resolution. The parties agree that prior to 
                                    taking any legal action, they shall endeavour in good faith to mediate and 
                                    or settle any dispute among them regarding this agreement. If within 90 days 
                                    of undertaking such mediation/settlement discussions, no resolution has been 
                                    achieved, the parties agree that the courts of the FEDERAL REPUBLIC OF NIGERIA 
                                    shall have the exclusive jurisdiction to settle any disputes or claim that 
                                    arises out of or in connection with this Private Sponsorship Agreement or its 
                                    subject matter of formation. The language of such settlement shall be English. 
                                    In line with the decision of the court the party that caused this breach will 
                                    refund the litigation cost to the other party.    
                                </p>

                                <h2 class="terms__title">NOTICE</h2>
                                <p class="terms__text">
                                    Any notice or communication required or permitted under this private sponsorship agreement shall be sufficiently given if delivered by email or in person, furnished in writing, Or phone calls.
                                </p>
                                <h2 class="terms__title">
                                    SEVERABILITY 
                                </h2>
                                <p class="terms__text">
                                    If any provision of this private sponsorship agreement is found to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable. If a court finds that any provision of this private sponsorship agreement is invalid or unenforceable, but that by limiting such provision, it would become valid and enforceable, then such provision shall be deemed to be written, construed and enforced as so limited.
                                </p>

                                <h2 class="terms__title">PRIOR AGREEMENTS SUSPENDED</h2>
                                <p class="terms__text">
                                    This private sponsorship agreement constitutes the entire private sponsorship agreement between the parties relating to this subject matter and supersedes all prior or simultaneous representations, discussions, negotiations and Memorandums whether written or oral.
                                </p>

                                <h2 class="terms__title">AMENDMENT AND WAIVER </h2>
                                <p class="terms__text">
                                    No amendments, changes or modifications to this private sponsorship agreement shall be valid except if the same are in writing and signed by a duly authorized representative of each of the parties to this private sponsorship agreement. A waiver by a party of its rights or obligations hereunder shall not constitute an amendment to this agreement unless expressly agreed in writing between the parties.
                                </p>

                                <h2 class="terms__title">FORCE MAJEURE </h2>
                                <p class="terms__text">
                                    Neither party shall be held liable or responsible to the other party nor be deemed to have defaulted under or breached this Agreement for failure or delay in fulfilling or performing any term of this agreement to the extent, and for so long as, such failure or delay is caused by or results from causes beyond the reasonable control of the affected party including but not limited to fire, floods, embargoes, war, acts of war (whether war be declared or not), acts of terrorism, insurrections, riots civil commotions strikes, lockout or other labour disturbance, acts of God or acts, omissions or delays in acting by any government authority or government policy changes.
                                </p>
                            </div>
                        </div>
                    </div>
                </div>
            </div>

            <div class="terms-agro-estate mt-5 terms-vestbanking">
                <div class="row">
                    <div class="col-12 col-md-3">
                        <div class="terms__heading-wrap">
                            <h1 class="terms__heading">Agro<span class="terms__heading-span">Estate</span></h1>
                        </div>
                    </div>
                    <div class="col-12 col-md-9">
                        <div class="terms__content">
                            <div class="vestbanking__section vestbanking-interest">
                                <h1 class="terms__title text-center mb-5">FARMSPONSOR AGRO ESTATE SPONSORSHIP AGREEMENT BETWEEN GLOBETROT FARMSPONSOR NIG LTD AND SPONSOR</h1>
                                <h2 class="terms__title">PURPOSE OF THIS FARMSPONSOR AGRO ESTATE SPONSORSHIP AGREEMENT</h2>
                                <p class="terms__text mb-3">
                                    The 18-year (2021 – 2039) Sponsorship plan aims at providing a 250 percent return on sponsorship for potential sponsors in the first five years, after which the sponsor may choose to be paid back investment capital or own an oil palm tree and the proceeds thereof for the remaining thirteen years of the agreed term.  
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">-</b>Medium-term investment of 5 years with a minimum sponsorship of ₦100,000 per unit.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">-</b>This debt finance would be serviced by Farmsponsor for 5 years at specially structured annual rates of (37%, 47%, 50%, 56%, 60%) respectively, giving sponsors a return on sponsorship of 250% in 5 years.
                                </p>
                                <p class="mb-5 d-flex ml-5 terms__text">
                                    <b class="mr-3">-</b>At the end of this period, a debt-to-tree swap option is open to sponsors to convert all debt to oil palm trees, giving sponsors ownership of the plantation of oil palm trees for a duration of 13 years.
                                </p>

                                <h2 class="terms__title mb-5 pb-2">SCOPE/FEATURES OF SPONSORSHIP</h2>

                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>First (Medium) Term (5-year tenure).
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Second (Long) Term (13-year tenure).
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Minimum sponsorship of One Hundred Thousand Naira Only (₦100,000).
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Specially structured annual ROI (37%, 47%, 50%, 56%, 60%) respectively for the first 5 years
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Returns to be paid bi-annually within the first five years.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Returns shall for the second term be paid every First day of December; specially structured according to the monthly prevalent price of red palm oil for house hold consumption, which ranges between ₦14,000 - ₦36,000 per 50 liters of red palm oil produced by each retained oil palm tree. The amount for the prevalent price of a liter of red palm oil for human consumption will be sought on a monthly basis and averaged to determine the payout for the Sponsor at the end of each year.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>The quantity of red palm oil that a single oil palm tree can produce is fifty (50) liters in one year.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>The Sponsor shall NOT be entitled to any other proceeds or derivatives of the oil palm tree and plantation.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>The oil palm tree is valued at one unit of Farmsponsor Agro Estate Sponsorship which is equal to ₦100,000.
                                    Sponsors may choose to exit the Farmsponsor Agro Estate Sponsoship Agreement after the first 5 years by choosing to be paid back their investment capital, and the Sponsor is obligated to communicate such decision to Farmsponsor in due time.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Sponsors may choose to exit the Farmsponsor Agro Estate Sponsoship Agreement after the first 5 years by choosing to be paid back their investment capital, and the Sponsor is obligated to communicate such decision to Farmsponsor in due time.
                                </p>
                          
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Sponsor may change exit option at any time within the first term of this Agreement.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Sum invested cannot be withdrawn completely until the end of the first 5-year window. 
                                </p>
                                <p class="mb-5 d-flex ml-5 terms__text terms__text">
                                    <b class="mr-3">.</b>This Farmsponsor Agro Estate Sponsorship Agreement is non-transferable. 
                                </p>

                                <h2 class="terms__title mb-5">WHEREAS IT’S FURTHER AGREED THAT:</h2>

                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>No option for Sponsor to top up after close of window.
                                </p>

                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Farmsponsor shall take out an insurance policy on the Agro Estate/Plantation in order to secure the invested sum from adverse circumstances. Insurance policy shall be current and available for sighting upon request by sponsor (where applicable), as soon as the policy document is received from the Third-Party Insurance company. 
                                </p>

                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>Sum invested CANNOT be transferred between persons through sale of sponsorship title, or transferred to a next of kin agreed upon by both parties.
                                </p>

                                <p class="mb-5 d-flex ml-5 terms__text">
                                    <b class="mr-3">.</b>A certificate confirming the Farmsponsor Agro Estate plan will be issued by Farmsponsor to the sponsor upon receipt of funds confirming sponsorship request. 
                                </p>
                                
                                <h2 class="terms__title mb-4">BREAKDOWN OF SPONSORSHIP RETURNS</h2>
                                <h3 class="mb-4">
                                    <b>Table 1: The percentages represent fractions of the sum invested that will paid based on this agreed investment plan</b>
                                </h3>



                                <div class="pv-returns-wrap agroestate-table mb-5 pb-5">
                                    <table class="cooltable">
                                        <thead>
                                            <tr>
                                                <th scope="col" >YEAR</th>
                                                <th scope="col">1ST SIX MONTHS</th>
                                                <th scope="col">2ND SIX MONTHS</th>
                                                <th scope="col" class="total">TOTAL</th>
                                            </tr>
                                        </thead>
                                        <tbody>
                                            <tr>
                                                <td>Year 1</td>
                                                <td>17%</td>
                                                <td>20%</td>
                                                <td>37%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 2</td>
                                                <td>22%</td>
                                                <td>25%</td>
                                                <td>47%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 3</td>
                                                <td>25%</td>
                                                <td>25%</td>
                                                <td>50%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 4</td>
                                                <td>28%</td>
                                                <td>28%</td>
                                                <td>56%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 5</td>
                                                <td>30%</td>
                                                <td>30%</td>
                                                <td>60%</td>
                                            </tr>
                                            <tr>
                                                <td>Year 6 - 18 </td>
                                                <td align="left" colspan="2">Prevalent market price of 50 liters of red palm oil per oil palm tree once every 1st day of December, each year.</td>
                                                <td>14% to 36%</td>
                                            </tr> 
                                        </tbody>
                                    </table>
                                </div>

                                <h2 class="terms__title">FARMSPONSOR AGRO ESTATE SPONSOR INVESTMENT AMOUNT</h2>
                                <p class="terms__text">The Sponsor <b>(SPONSOR)</b> hereby subscribes for a two term Farmsponsor Agro Estate Sponsorship Plan with the sum invested (₦ ) with Globetrot Farmsponsor Nig. Ltd. This sum will be invested in Farmsponsor Agro Estate in Rivers state, Oyo State and Ebonyi State for a period of Eighteen (18) years. </p>
                                <h2 class="terms__title">CONFIDENTIALITY</h2>

                                <p class="terms__text mb-3 d-flex">
                                    <span class="mr-5">a.</span>The Parties undertake and shall not, at any time, disclose to any third party any Confidential information concerning, the business, affairs customers, clients or suppliers of the other party.
                                </p>

                                <p class="terms__text mb-3 d-flex">
                                    <span class="mr-5">b.</span>A Party may disclose the other Party’s confidential information to its employees, officers, representative or advisers on a need to know basis and such information shall be disclosed for the sole purpose of this Farmsponsor Agro Estate Sponsorship Agreement and for fulfilling their respective obligations under this Agreement. Each Party shall ensure that its employees, officers, representative or advisers to whom it discloses the other party’s confidential information comply with the same breadth of non-disclosure coverage as provided in this section.
                                </p>

                                <p class="terms__text mb-3 d-flex">
                                    <span class="mr-5">c.</span>The non-disclosure obligations set out herein shall not apply if the confidential information is:
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <span class="mr-3">i.</span>Made publicly available through no fault of the other party; or
                                </p>
                                <div class="mb-3 d-flex ml-5 terms__text">
                                    <span class="mr-3">ii.</span>
                                    <p>
                                        Already lawfully known to <b>GLOBETROT FARMSPONSOR NIG LTD and (SPONSOR)</b> prior to disclosure hereunder, as shown by prior written records; or
                                    </p> 
                                </div>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <span class="mr-3">iii.</span>Required to be disclosed by law, court order, or other government or regulatory authorities.
                                </p>
                                <p class="mb-3 d-flex ml-5 terms__text">
                                    <span class="mr-3">iv.</span>No Party shall use the other Party’s confidential information for any purpose other than for the successful execution of this Farmsponsor Agro Estate Sponsorship Agreement and for fulfilling their respective obligations under this Agreement.
                                </p>
                                <p class="terms__text mb-3 d-flex">
                                    <span class="mr-5">d.</span>Each party agrees to return to the other party all confidential information upon termination of this Agreement or on earlier demand for whatever reason.
                                </p>
                                <p class="terms__text mb-3 d-flex mb-5">
                                    <span class="mr-5">e.</span>The obligations stated in this section shall survive termination or expiration of this agreement.
                                </p>




                                <h2 class="terms__title">DEATH OR INCAPACITY OF THE PARTIES</h2>
    
                                <p class="terms__text">
                                    The death or incapacity of any of the parties shall not dissolve this private sponsorship agreement during its execution, the next of kin agreed and/or legal representatives of either parties shall continue to perform the terms and obligations of this private sponsorship agreement, unless it jointly agreed by the parties to terminate this agreement either party giving a 30 days’ notice in writing.
                                </p>

                                <h2 class="terms__title">GOVERNING LAW</h2>
                                
                                <p class="terms__text">
                                    This Farmsponsor Agro Estate Sponsorship agreement shall be construed in accordance with the laws of the Federal Republic of Nigeria.
                                </p>
                                
                                <h2 class="terms__title">DISPUTE RESOLUTION</h2>

                                <p class="terms__text">
                                    In the event of a dispute between the parties, legal or equitable remedies may be employed for conflict resolution. The parties agree that prior to taking any legal action, they shall endeavour in good faith to mediate and or settle any dispute among them regarding this agreement. If within 90 days of undertaking such mediation/settlement discussions, no resolution has been achieved, the parties agree that the courts of the <span class="bold-text">FEDERAL REPUBLIC OF NIGERIA</span> shall have the exclusive jurisdiction to settle any disputes or claim that arises out of or in connection with this Private Sponsorship Agreement or its subject matter of formation. The language of such settlement shall be English. In line with the decision of the court the party that caused this breach will refund the litigation cost to the other party.    
                                </p>

                                <h2 class="terms__title">NOTICE</h2>
                                <p class="terms__text">
                                    Any notice or communication required or permitted under this Farmsponsor Agro Estate Sponsorship agreement shall be sufficiently given if delivered by email or in person, furnished in writing, Or phone calls.
                                </p>
                                <h2 class="terms__title">
                                    SEVERABILITY 
                                </h2>
                                <p class="terms__text">
                                    If any provision of this Farmsponsor Agro Estate Sponsorship Agreement is found to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable. If a court finds that any provision of this Farmsponsor Agro Estate Sponsorship Agreement is invalid or unenforceable, but that by limiting such provision, it would become valid and enforceable, then such provision shall be deemed to be written, construed and enforced as so limited.
                                </p>

                                <h2 class="terms__title">PRIOR AGREEMENTS SUSPENDED</h2>
                                <p class="terms__text">
                                    This Farmsponsor Agro Estate Sponsorship Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior simultaneous representations, discussions, negotiations and Memorandums whether written or oral.
                                </p>

                                <h2 class="terms__title">INDEMNITY </h2>
                                <p class="terms__text">
                                    In the event that there is a winding up (either voluntary or involuntary), insolvency or bankruptcy of Farmsponsor or a prior decision of Globetrot Farmsponsor Nig Ltd to reconsider the Farmsponsor Agro Estate plan before the expiration of this agreement, Farmsponsor undertakes to indemnify the Sponsor of the unpaid balance of sum invested.
                                </p>

                                <h2 class="terms__title">AMENDMENT AND WAIVER </h2>
                                <p class="terms__text">
                                    No amendments, changes or modifications to this Farmsponsor Agro Estate Sponsorship Agreement shall be valid except if the same are in writing and signed by a duly authorized representative of each of the parties to this Agreement. A waiver by a party of its rights or obligations hereunder shall not constitute an amendment to this agreement unless expressly agreed in writing between the parties. 
                                </p>

                                <h2 class="terms__title">FORCE MAJEURE </h2>
                                <p class="terms__text">
                                    Neither party shall be held liable or responsible to the other party nor be deemed to have defaulted under or breached this Agreement for failure or delay in fulfilling or performing any term of this agreement to the extent, and for so long as, such failure or delay is caused by or results from causes beyond the reasonable control of the affected party including but not limited to fire, floods, embargoes, war, acts of war (whether war be declared or not), acts of terrorism, insurrections, riots civil commotions strikes, lockout or other labor disturbance, acts of God or acts, omissions or delays in acting by any government authority or government policy changes.
                                </p>
                            </div>
                        </div>
                    </div>
                </div>
            </div>
        </div>
    </section>
@endsection