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Agreement

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SALES CONTRACT AGREEMENT This Sales Contract Agreement (“Agreement”) is made on 20th, March 2025 (“Effective Date”) by and between:

PARTIES 1. EASYBUY TRADING PLC (Registration Number: 8355664, Tax Identification Number (TIN): 32979613-0001) with its business office at 23A Post Office Complex, Oshodi (“Seller”), duly represented by its authorized representative.

2. Customer (“Buyer”), hereby acknowledging acceptance of these terms.

RECITALS

WHEREAS the Seller operates an online trading platform selling foodstuffs, electronics, appliances, savings plans, phones, and related products;

and WHEREAS the Buyer intends to purchase Goods from the Seller’s website;

and WHEREAS the parties agree to the terms and conditions outlined below.

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants, promises, and representations contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

ARTICLE 1:

DEFINITIONS 

1.1 “Goods” mean foodstuffs, electronics, appliances, phones, and other related consumer products.

1.1 “Goods” mean foodstuffs, electronics, appliances, phones, and other related consumer products.

1.2 “Purchase Plan” refers to the Buyer’s agreement to purchase Goods from the Seller, which is a separate arrangement from the Savings Plan.

1.3 “Savings Plan” refers to a savings arrangement where customers or subscribers save funds with EASYBUY TRADING PLC, and EASYBUY TRADING PLC earns an interest of 20% per transaction on the saved funds.

1.4 “Website” means www.easybuy.net.ng

1.5 “Business Day” means any day except Saturday, Sunday, or public holidays.

1.6 “Initial Payment” means the first payment made by the Buyer to secure the Goods.

1.7 “Breach” means any failure by either party to comply with any of its obligations under this Agreement.

1.8 “Contract” means this Sales Contract Agreement, including all annexures, schedules, and appendices.

1.9 “Loss of Profit” means any loss of profit, revenue, or business opportunity suffered by the Seller as a result of the Buyer’s breach of this Agreement.

ARTICLE 2: OBLIGATIONS OF THE BUYER

2.1 The Buyer agrees to fund their account for the agreed subscription to ensure continuity of service. 2.2 The Buyer acknowledges that failure to fund their account may result in termination of service and activation of the Savings Plan.

ARTICLE 3: BREACH OF CONTRACTUAL OBLIGATION

3.1 The Buyer’s failure to fund their account or make payments as agreed constitutes a material breach of this Agreement.

3.2 In the event of such breach, the Seller reserves the right to terminate this Agreement and claim damages for loss of profit.

ARTICLE 4: PRICES AND PAYMENT TERMS

4.1 Prices include VAT (if applicable).

4.2 Payment Plans are available on a daily, weekly, or monthly basis.

ARTICLE 5: PRODUCT AVAILABILITY

5.1 Seller reserves the right to substitute products or adjust quantities due to availability.

5.2 Buyer will be notified of changes.

ARTICLE 6: PRICE ADJUSTMENT

6.1 In the event of significant market fluctuations, inflation, or other economic changes that materially affect the cost of Goods or services provided by the Seller, the Seller reserves the right to adjust prices.

6.2 The adjusted price shall be applicable to all outstanding obligations under this Agreement, and the Buyer shall be responsible for paying the revised price.

ARTICLE 7: GOVERNING LAW

7.1 This Agreement is governed by and construed in accordance with the Laws of the Federal Republic of Nigeria, specifically the Sale of Goods Act, Cap S2.

ARTICLE 8: DISPUTE RESOLUTION

8.1 Disputes shall be resolved through arbitration in accordance with the Arbitration and Conciliation Act, Cap A18.

8.2 The arbitration process shall be initiated by either party serving a written notice of arbitration to the other party.

8.3 The arbitration shall be conducted by a single arbitrator appointed by the parties.

8.4 The arbitrator’s decision shall be final and binding on both parties.

ARTICLE 9: ENTIRE AGREEMENT

9.1 This Agreement constitutes the entire understanding between the parties.

ARTICLE 10: AMENDMENTS

10.1 Amendments require written consent from both parties.

ARTICLE 11: NOTICES

11.1 Notices shall be sent to: 1. Seller: 23A Post Office Complex, Oshodi or mailto:admin@easybuy.net.ng 2. Buyer: Full address   

ARTICLE 12: ASSIGNMENT

12.1 This Agreement may not be assigned without prior written consent.

ARTICLE 13: SEVERABILITY

13.1 Invalid provisions shall not affect remaining terms.

ARTICLE 14: SAVINGS PLAN TERMS

14.1 The Savings Plan shall be activated in the following scenarios: – The Buyer’s subscription fails. – The Buyer’s card fails. – The direct debit fails to debit the Buyer’s account due to insufficient funds.

14.2 EASYBUY TRADING PLC shall earn an interest of 20% per annum on the saved funds.

14.3 For subscribers willing to save funds, the Savings Plan is also available as a general savings plan.

ARTICLE 15: TERMINATION, REFUND, AND COMMISSION POLICY

15.1 Termination by Buyer: In the event of termination by the Buyer, the Seller shall return the funds according to the terms outlined in Article 15.3.

15.2 Termination by Seller: In the event of termination by the Seller due to the Buyer’s breach of contractual obligation, the Seller reserves the right to claim damages for loss of profit.

15.3 Commission Charge: If the Buyer fails to meet the payment obligations for the agreed subscription tenure, the Seller shall charge the Buyer a commission on the full amount of the Purchase Plan. The commission shall be calculated as if the Buyer had met the payment obligations for the entire subscription tenure.

15.4 The Buyer acknowledges that the commission charge is a legitimate fee for the Seller’s services and agrees to pay it in accordance with this term.

ARTICLE 16: DELIVERY SCHEDULE AND PAYMENT TENURE

16.1 The due date for delivery of the Goods shall depend on the subscribed plan chosen by the Buyer.

16.2 The payment tenure shall commence on the date of the initial payment and shall continue for the duration specified in the subscribed plan.

16.3 Upon expiration of the payment tenure, the Buyer shall be entitled to receive the Goods, provided that all payment obligations have been fulfilled.

16.4 If the Buyer fails to fulfill any payment obligation, the Seller reserves the right to extend the payment tenure until all outstanding payments have been made.

16.5 The Buyer acknowledges that the delivery schedule and payment tenure are essential components of the subscribed plan and agrees to comply with the terms and conditions outlined in this Article.

ARTICLE 17: LIMITATION OF LIABILITY

17.1 The Seller shall not be liable for any indirect, special, or consequential damages arising from this Agreement.

ARTICLE 18: INDEMNIFICATION

18.1 The Buyer agrees to indemnify and hold harmless the Seller, its officers, directors, employees, and agents from any claims, demands, or damages arising from the Buyer’s breach of this Agreement.

ARTICLE 19: GOVERNING LANGUAGE

19.1 This Agreement shall be governed by and construed in accordance with the English language.

ARTICLE 20: ENTIRE AGREEMENT

20.1 This Agreement constitutes the entire understanding between the parties and supersedes all prior or contemporaneous agreements or understandings. By signing below, the parties acknowledge that they have read, understand, and agree to be bound by the terms and conditions of this Agreement. Seller signature: EASYBUY TRADING PLC Date: 20th March 2025

Buyer Signature: Customer Date: 20th March 2025