14. MANAGEMENT OF THE TRUST

14.1     The effective control over the affairs of the Trust is hereby vested in, and shall be exercised independently by the Trustee on behalf of the Members.

14.2     Coreum shall obtain the prior consent of the Investment Committee before finalising any investment it wishes to make which is not in the projected business/strategy plan.

14.3    The business/strategy plan will be shared by Coreum with the Investment Committee every quarter for their prior approval.

14.4     All monies paid to the Trust shall be paid into the Designed Accounts depending on the source of the payment.

14.5  All investments shall be made with monies drawn from Subscription Account and such investments shall be in the name of the Trustee.

15. INVESTMENTS OF THE ASSETS

15.1 All property including cash, which ought to, in accordance with the provisions of this Trust Deed, form part of the Assets shall forthwith after receipt by Coreum be vested in the Trustee. The sums of money forming part of the Assets shall be invested in Authorised Investments by the Trustee after consultation with Coreum or shall be retained in cash or placed on deposit or in short-term Authorised Investments.

15.2 All documents required to effect Investments or realisation of Investments made with the Assets which shall include but not be limited to deeds of assignment, deeds of lease, certificates of occupancy shall be executed by the Trustee.

PROVIDED that Coreum shall be liable for any Investments or realizations executed without the prior approval of the Trustee and the Investment Committee, such documents and (where appropriate) the evidence issued with regards to the proprietary interest in the Investments to which they relate shall also indicate that the Trustee are holding such Investments ‘’in trust for the Trust’’.

16. CALCULATION OF THE ASSET NET VALUE

16.1 The Net Asset Value of the Trust shall be calculated by Coreum on an annual basis and shall be a value of all assets less all the liabilities attributable to the Trust.

16.2 The assets of the Trust shall be deemed to include, among others, all real estate, mortgages, cash in hand, on loan or on deposit, or all bills, demand notes, promissory notes, bonds, Corrs and securities owned by the Trust, all rent, interest, stock and cash distributions and cash contributions to be received by the Trust and not yet received by it but due or declared payable on a date on or before the date as of which the Net Asset value of the Trust is being calculated and all other assets of the Trust of every kind and nature including prepaid expenses.

16.3 The Net Asset Value of the Trust shall be expressed in Nigeria Naira.

16.4 In the calculation of the Net Asset Value of the Trust, Coreum shall rely upon the opinion of an accredited real Estate Valuer.

16.5 Where at the time of valuation, any asset has been realised or contracted to be realised, they shall be included in the valuation, in place of such asset, the net amount receivable in respect thereof.

16.6 The liabilities of the Trust shall be deemed to include all its liabilities and such provision and allowances for contingencies (including tax) payable by the Trust.

17. REALISATION OF INVESTMENTS

17.1 Any Investment comprised in the Assets may be realised by Coreum once the holding period has expired subject to the approval of the Trustee and the Investment Committee, in order to distribute to the Members.

17.2 Coreum shall be responsible for realising the Assets and shall ensure it obtains the best value available for the Assets.

17.3 The profit realised from any Real Estate Offering shall be transferred to the Members of the Platform in an efficient and timely manner in accordance with the number of Corrs held by each Member

18. COVENANTS OF COREUM

18.1 Coreum covenants to the Trustees that it shall:

18.1.1 carry on and conduct its affairs in a proper and efficient manner;

18.1.2 comply and perform all its duties in accordance with the provisions of this Deed and these obligations shall be binding on Coreum. The Trustee shall hold the benefit of this covenant upon trust for itself and the Members according to its and their respective interests.

18.1.3 comply, in all respects, with all Applicable Laws, permits, licences, regulations and orders to which it may be subject and which in each case are material to its business and shall obtain and maintain such permits and licences.

18.1.4 keep proper books of account and make true and proper entries therein and ensure that the same shall at all reasonable times be available for inspection by the Trustee and any person appointed by the Trustee in writing for the purpose;

18.1.5 provide to the Trustee within 10 (ten) Business Days of receipt of request, all such documents and information as the Trustees may from time to time require it to provide to them in connection with the performance by the Trustee of its obligations under this Deed;

18.1.6 duly and punctually pay and discharge all monies and liabilities whatsoever which are now, or at any time hereafter may (whether before or after demand), become due and payable by the Coreum to the Trustee (whether for their own account or as Trustee for the Members),  under this Deed.

19. COVENANTS OF THE TRUSTEE

The Trustee covenants with Coreum that it shall:

19.1 comply with, perform, and observe all the provisions of this Deed which are binding on them;

19.3 reviewing all legal and transaction documentation in connection with the Platform to ensure that the Members are adequately protected;

19.4 provide all of the necessary support to Coreum in connection with the marketing and advertisement of the Platform; and

19.2 comply, in all respects, with all Applicable Laws, permits, licences, regulations and orders to which it may be subject and which in each case are material to its business and shall obtain and maintain such permits and licences.

21. REGISTRATION OF MEMBERS

21.1 Coreum shall maintain a Register containing the names of all Members in the Trust.

21.2 The Register shall be in such pre-agreed form as provided by the Trustee and be kept in such manner as the Trustee may deem fit.

21.3 Coreum shall permit the Trustee or any person representing them to have access at all reasonable times to the Register and to all ancillary records relating to the conduct of the Register.

21.4 Coreum shall cause details of the following information to be entered in the Register:

21.4.1 The full names and addresses of all Members and their next of kin.

21.4.2 The number of Corrs held by each Unitholder and their bank account details.

21.4.3 The dates the Corrs were purchased or if the Corrs were acquired in a manner other than by direct purchase the date and nature of such acquisition.

21.5 A Unitholder shall notify Coreum as soon as possible, but not later than 14 (fourteen) days from such change, of any change in the name or address of such Unitholder. Coreum shall effect the requisite altercations in the Register upon being satisfied thereof.

21.6 Any Member shall be entitled at all reasonable times during business hours, to inspect the Register PROVIDED that if the Register is kept in accordance with some mechanical or electronic system the provision of this sub-clause will be satisfied by Coreum by the production of legible evidence of the contents of the Register to the Unitholder making the request.

21.7 On the death of any one of joint Members, the persons listed in clause 21.9 below shall be the only person or persons recognised by Coreum and the Trustee as having any title to or interest in the Corrs represented by such certificates and upon producing such evidence of death as Coreum may require and delivering up the certificate, he or they shall be entitled to have the certificate duly endorsed.  PROVIDED THAT the certificate shall maintain its name and upon realisation of the investment, such profits shall be transferred to the persons listed in clause 21.9 below.

21.8 A body corporate may be registered as a Unitholder or as one of two or more joint Members.

21.9 The executors or administrators or successors-in-title or next of kin of a deceased/dissolved/wound-up Unitholder (not being one of two or more joint Members) or of the survivors of joint Members as the case may be shall be the only person recognised by Coreum and the Trustee as having any title to or interest in his Corrs.

21.10 Any person becoming entitled to any Corrs in consequence of the death or bankruptcy or dissolution or winding up of any Unitholder or the survivor of joint Members shall upon producing such evidence that he is duly authorised to act in the capacity in respect of which he proposes to act under this sub-clause or of his title as Coreum shall consider sufficient and on delivering up the certificate or certificates of the deceased or bankrupt or liquidated Unitholder to Coreum for cancellation and shall be entitled to elect either to be registered as the holder of such Corrs and to have a new certificate or certificates issued in his name or to nominate some other person or persons in whose name such new certificate should be issued.

21.11 If the person so becoming entitled shall elect to be registered himself, he shall deliver or send to Coreum a notice in writing in a form to be prescribed by Coreum signed by him stating that he so elects. If he shall elect to have some other person nominated by him registered, he shall testify his election by executing to such other person an assignment of such Corrs. All the provisions of this Deed relating to transfers of Corrs shall be applicable to any such notice or assignment aforesaid as if the death or bankruptcy or dissolution or winding-up of the Unitholder had not occurred and the notice or assignment was an assignment executed by such Unitholder.

21.12 A person becoming entitled to Corrs in consequence of the death or bankruptcy or dissolution or winding-up of a Unitholder or the survivor of joint Members shall be entitled to receive and may give a discharge for all moneys payable in respect of the Corrs but he shall not be entitled to the rights of a Unitholder until he shall have had his name entered in the Register as a Unitholder in respect of such Units.

24. AUDIT OF ACCOUNTS

1. 1. 24.1 Coreum shall cause the accounts of the Trust to be audited for each Financial Year and certified by the Auditor.

      24.2 There shall be attached to such account, statements certified by the Auditor stating that the Trust has been operated in compliance with the provisions of the Trust Deed and the accounting standards