Memorandum of Understanding

1.00 The promoter carries on the business of investing and reinvesting in the sales of liquor, entertainment and hospitality infrastructure development, catering services and other goods (general merchandise) as may be necessary, with the object of making profits beneficial to the investor/s at a mutually agreed sharing formula as shown in paragraph 1.03 of this Memo, under the name and style of BB EXTREME BEERBANC (A SUBSIDIARY OF BEERBANC FMCG LIMITED).

1.01 The promoter as an expert in Business Development / Marketing Communication, Management and Administrative matters shall source negotiate and ensure a completion of contracts with offerors of liquor products and goods generally that he may deem profitable and appropriate to be invested and reinvested in addition to entertainment hospitality and beer retailing infrastructure development and catering services which shall be peculiar in its nature.

1.02 That the investor acknowledged that the business is not a financial institution but a privately owned businesses with proven business models and that is giving individuals a friendly opportunity to invest beer for an agreed monthly return. That the Investor acknowledged that she has read and agreed to the terms of service as published on the business’s beer investment website.

1.03 The Investor shall deposit with the Promoter the total agreed beer volume or authorises the promoter to convert cash equivalent on behalf of the investor which the promoter shall be at liberty to apply at his discretion in the purchase and trading of Beer products, entertainment and hospitality infrastructures development and catering services and the investment shall be for an agreed period of time at an agreed percentage based on the reigning plan.A monthly payment is to be made to the investor and the beer investment shall be converted back to cash on behalf of the Investor if not reinvested and be refunded at the end of three months.

1.04 The promoter shall be responsible for the monthly payment of the agreed percentage of the value of the investment whether or not the business is making the profits.

1.05 The promoter shall carry on with the business in a most professional manner in line with laid down rules, regulations and the law of the land which shall be in line with the terms of the Memorandum.

2.00 Profit sharing shall be as agreed upon by both parties as stipulated in paragraph 1.03 of this Memo.

2.01 The contract shall not be terminated before the expiration of three (3) months from the date of the deposit of the money and if the investor insists on breaching the contract she shall be entitled to a refund of 75% of the total invested.

2.02 The Investor understands that the deposit made in cash into the Promoters corporate bank account is not a direct financial investment but its weight in Beer equivalent. That the Investor authorises BB EXtreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD) to convert the funds to Beer so as to become investible in "BeerbanC FMCG's" beer investment scheme. That the Investor also authorizes BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD) to convert on investor's behalf, the monthly beer RoI to its cash equivalent and also, the capital stock at the end of the investment tenure.

2.03 Dispute arising from this transaction shall be referred to Arbitration.

Terms & Conditions

The following describes the terms and conditions (the "Terms and Conditions") upon which BB Extreme BeerBanC (A SUBSIDIARY OF BEERBANC FMCG LTD) (the "Company" or "BB Extreme BeerBanC" or "We") offers access to the Internet site found at www.beerbancfmcg.com alongside its related country specific sites (the "Site") to you the customer, irrespective of whether or not you are an Account (as defined below) holder ("You") and the use of its services provided via the Site (the "Services").

PLEASE READ THE PRIVACY POLICY, COOKIE POLICY, RISK WARNING AND ALL OF THE FOLLOWING TERMS AND CONDITIONS INCLUDING THE SPECIAL CONDITIONS BEFORE USING THIS SITE. BY CONTINUING TO ACCESS OR USE THIS SITE OR ANY SERVICE ON THIS SITE, YOU SIGNIFY YOUR ACCEPTANCE OF THESE TERMS AND CONDITIONS. We reserve the right to amend, remove, or add to these Terms and Conditions at any time. Please check the "Last modified" heading at the bottom of this document to see when the Terms and Conditions were last updated. Any changes to the Terms and Conditions will become effective when we post the revised Terms and Conditions on the Site. Your use of the Site or Services, or your provision of personal information following any changes means that you accept the updated Terms and Conditions.

If, at any time, you do not wish to accept the Terms and Conditions, you may not use the Site. Any terms and conditions proposed by you which are in addition to, or which conflict with these Terms and Conditions are expressly rejected by the Company and will have no force or effect.

Your Account

As part of the process necessary to set up an account on the Site (an "Account") and obtain access to certain parts of the Services, you will be required to either provide your full name, email address, password, and phone number (the "Registration Credentials") or register via one of the Third Party Accounts (as defined below). You must ensure that your Registration Credentials are accurate, truthful and updated. We reserve the right to block the creation of your Account based on our inability to confirm the authenticity of your Registration Credentials.

As an alternative to registering directly with the Site by providing your Registration Credentials, we give you the option to register and login to your Account via one of your account(s) with social media sites such as Facebook, Twitter or Google+ (the "Third Party Account(s)"). Please see our Privacy Policy for more information about logging in to your Account via a Third Party Account.

Unless you log into your Account via a Third Party Account, please note that your email address and password which you provide as part of the Registration Credentials will be used to login in to your Account. You will be solely responsible for maintaining the confidentiality of your email address and password and must immediately notify us of any unauthorized use of your Account. You are solely responsible for all activity and usage on your Account, including, but not limited to, use of the Account by any third party authorized by you to use your email address and password.

We permit you to maintain only one Account to access the Services at any time and you hereby represent that you currently have no other Account(s).

We reserve the right to terminate your Account, in our sole discretion, at any time without notice. You may terminate your Account after 3 months by unsubscribing in the manner described at https://www.beerbancfmcg.com/unsubscribe. Upon termination, you will receive an automated confirmation via e-mail that the request was received, and your Account will be terminated immediately.

Account Opening: In order to key into BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD) micro-investment scheme, you will be required to open an account and supply the required beer volume using a 3rd party beer supplier made available to You. In order for You to get the beer, you'd be required to make payment into the beer supplier's account. Once you are through with the payment, the beer supplier would send us your goods and we will notify you as soon as your account is activated.

Renewals: BB Extreme BeerbanC auto-close all subscription at the end of 12 month duration. Meanwhile, any/all investors can reopen their account to continue to enjoy our services.

You may close your account after 3 months by informing us, and we shall return your capital less 25% invested.

Account closure: If you would like to close your account, you should allow 30 days counting from the day you notify us. Remember that you can not close your account until after 90 days. We reserve the right to refuse account closure request if (i) you did not comply with notification terms. (ii) if you are in breach of the Terms; or (iii) if we reasonably suspect that you are using our Services fraudulently.

DISCLAIMER

BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD) is not a financial institution but a commodity micro-investment scheme using the worldwide web to inform, educate and sign up investors. We are not responsible for the delays, omissions or inaccuracies of the data submitted by You through our website.

THE CONTENT AND THE WEB SITE ARE PROVIDED "AS IS", WITHOUT ANY WARRANTIES. BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD), ITS EMPLOYEES, OFFICERS, DIRECTORS, AFFILIATES, AGENTS AND LICENSORS CANNOT AND DO NOT WARRANT THE ACCURACY, COMPLETENESS, CURRENTNESS, TIMELINESS, NONINFRINGEMENT, TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE CONTENT AVAILABLE THROUGH THE SITE, OR THE SITE ITSELF, AND BB Extreme BeerbanC HEREBY DISCLAIMS ANY SUCH EXPRESS OR IMPLIED WARRANTIES.

IN NO EVENT SHALL BB Extreme BeerbanC, ITS EMPLOYEES, OFFICERS, DIRECTORS, AFFILIATES, AGENTS OR LICENSORS BE LIABLE TO YOU OR TO ANY THIRD PARTY OR TO ANYONE ELSE FOR ANY KIND OF FINANCIAL LOSS OR CONSEQUENTIAL DAMAGE OR ANY OTHER SIMILAR DAMAGE INDIRECTLY FROM THE EXPOSURE AND THE USE OF YOUR LOGIN CREDENTIAL ON THE SITE.

Legal Restrictions

This Site does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such an offer or solicitation is not authorized, or to any person to whom it is unlawful to make such an offer or solicitation. Access to this Site, and the offering of financial contracts via this Site, may be restricted in certain jurisdictions, and, accordingly, users accessing this Site are required to inform themselves of, and to observe, such restrictions.

Limited License

BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD) grants you a non-exclusive, non-transferable and limited personal license to access and use the Site and her services (the "License"). This License is conditional on your full and continuing compliance with these Terms and Conditions. You agree not to "deep-link" to the Site, resell or permit access to the Site to others, and not to copy any materials appearing on the Site for resale or for any other purpose to others without the prior written consent of BB Extreme BeerbanC. You shall be responsible and bound by any unauthorized use of the Site, made in breach of this section. You agree not to use any electronic communication feature of Services on the Site for any purpose that is unlawful, tortious, abusive, and intrusive on another's privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful. The License granted under these Terms and Conditions will terminate if BB Extreme BeerbanC believes that any information provided by you, including (but not limited to) your Registration Credentials, is no longer current or accurate, or if you fail to otherwise comply with any term or condition of these Terms and Conditions and all rules and guidelines for each of the Services. Upon such violation, you agree to cease accessing Services. You agree that BB Extreme BeerbanC, at its sole discretion and with or without notice, may terminate your access to any or all Services, and remove and discard any information or content within the Services.

Links to Third Party Service

BB Extreme BeerbanC has a working relationship with the service operated by persons other than BB Extreme BeerbanC. Such relationship are provided for your reference and convenience only. You agree not to hold BB Extreme BeerbanC responsible for the content or operation of such service. A reference from BB Extreme BeerbanC to another service provider does not imply that BB Extreme BeerbanC endorses the operation of the operator. You are solely responsible for determining the extent to which you may use any service at any other 3rd party to which you might link from this BB Extreme BeerbanC.

THE LIABILITY OF BB Extreme BeerbanC, ITS OFFICERS, DIRECTORS OR EMPLOYEES, TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE AMOUNT OF BEER YOU TRANSFERRED TO BB Extreme BeerbanC IN RELATION TO THE TRANSACTION GIVING RISE TO SUCH LIABILITY.

Market Information

Market Information provided on the Site is not intended as investment advice. BB Extreme BeerbanC does not endorse or approve the Market Information, and we make it available to you only as a service for your own convenience. BB Extreme BeerbanC and its Third Party Providers do not guarantee the accuracy, timeliness, completeness or correct sequencing of the Market Information, or warrant any results from your use or reliance on the Market Information.

Market Information may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. Neither BB Extreme BeerbanC nor the Third Party Providers are obligated to update any information or opinions contained in any Market Information, and we may discontinue offering Market Information at any time without notice. You agree that neither BB Extreme BeerbanC nor the Third Party Providers will be liable in any way for the termination, interruption, delay or inaccuracy of any Market Information. You will not "deep-link", redistribute or facilitate the redistribution of Market Information, nor will you provide access to Market Information to anyone who is not authorized by BB Extreme BeerbanC to receive Market Information.

Company's Rights

BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD) reserves the right to suspend the operation of this scheme after all investors have been settled or any part or sections of it at any time and no claims may be entertained against the Company in connection thereto.

Trademarks and Copyrights

All rights, titles and interests in and to the contents of the Site, and the "BB Extreme BeerbanC (A SUBSIDIARY OF BEERBANC FMCG LTD)" and " BB Extreme BeerbanC" trademarks, services marks, trade names, and logos are owned by BB Extreme BeerbanC, or its affiliates, or other licensors and are protected by copyright and trademark laws, and international treaties.

You agree not to delete any copyright notices or other indications of protected intellectual property rights from materials that you acquire from BB Extreme BeerbanC. You will not obtain any intellectual property rights or any right or license to use such materials or the Site, other than as expressly set out in these Terms and Conditions.

Images displayed on the Site are either the property of BB Extreme BeerbanC or its licensors. You agree not to upload, post, reproduce or distribute any information, software or other material protected by copyright or any other intellectual property right (as well as rights of publicity and privacy) without first obtaining the permission of the owner of such rights and the prior written consent of BB Extreme BeerbanC.

Nothing contained on the Site may be construed as granting, by implication, estoppels, or otherwise, any license or right to use any trademark without the written permission of BB Extreme BeerbanC or any third party that may own the trademarks. Your use of trademarks, or any other content of the Site, except as provided herein, is strictly prohibited.

Breach

If you have to breach our 3 months investment tenure agreement and terminate your account, we reserve the right to deduct the "25%" from your capital and credit your registered account with the balance. In a case where you have not received the first month ROI and you need to close your account, we reserve the right to deduct 5% out of the capital invested and credit the registered bank account with the balance.

You agree to fully indemnify, defend and hold harmless BB Extreme BeerbanC, its corporate affiliates and their respective officers, directors and employees immediately upon demand from and against all claims, demands, liabilities, damages, losses, costs and expenses, including legal fees and other charges whatsoever, howsoever caused, that may arise as a result of: (i) any breach of these Terms and Conditions by you or (ii) violation by you of any law or the rights of any third party. Without prejudice to any other rights in these Terms and Conditions, if you breach in whole or in part any provision contained herein, BB Extreme BeerbanC or any of its corporate affiliates which provides Services to you reserves the right to take such action as it sees fit, including (but not limited to) terminating any agreement in place with you, terminating or blocking the Services offered to you via the Site and/or taking legal action against you.

Governing Law and Court Jurisdiction

These Terms and Conditions shall be governed by the laws of the Federal Republic of Nigeria, without regard to conflicts of law principles thereof. This is the case regardless of whether you reside or transact business with BB Extreme BeerbanC anywhere else in the world.

If any part of these Terms and Conditions are held unlawful, void or unenforceable, that part will be deemed severable and will not affect the validity and enforceability of any remaining provisions.

Exclusive Court Jurisdiction: You agree to submit to the personal and exclusive jurisdiction of the courts located within the BVI to settle any dispute, which may arise in relation thereto.

Disclosures

The Services hereunder are offered by BB Extreme BeerbanC Limited, registered at:


14 Alaafin Avenue<
Oluyole Estate
Ibadan, Oyo State
Nigeria

Last Modified: 27 February, 2018