1

THIS DEED OF COLLATERAL MORTGAGE is made the …….. day of

…………………… 20……….. Between BANK OF INDUSTRY LIMITED a
company incorporated in Nigeria and having its registered office at BOI House, 23,
Marina, Lagos, Nigeria (hereinafter called “The LENDER” which expression shall
where the context so admits include its successors-in-title and assigns) of the first part,
AND MARKPOINT MULTI LINKS LTD, a limited liability company incorporated in
Nigeria and having its registered office at No. I 20, Sokoto Road, Kaduna State,
Nigeria hereinafter called “The Borrower (which expression where shall where the
context so admits include its successors-in-title and assigns) of the second part AND (1)
ALHAJI AUWAL SALIHU MALAMI of No.15A, Kinkinau, Ungwan Mu’azu,
Kaduna State (2) AUWAL SALISU MALAMI, of No. 15 Road ‘P’ Kinkinau Road,
Tudun Wada, Kaduna State Nigeria hereinafter called “THE SURETIES” (which
expression shall where the context so admits include his heirs, personal representatives
and assigns) of the third part;

WHEREAS:

(a) By virtue of ALL ASSET DEBENTURE AGREEMENT dated the ….… day
of …………….., 20….. made between the Lender of the one part and the
Borrower on the other part the terms and conditions of which are incorporated
herein s if they were fully set out in this Agreement, the Lender approved in
favour of the Borrower a long term loan (hereinafter referred to as the loan) for
the procurement of plant and machinery as well as working capital for its Rice
Milling business.
(b) Upon the treaty of the said loan, it was agreed that in addition to the principal
security, the Borrower shall cause the Sureties to provide by way of additional
security for the repayment of the Loan and interest thereon, landed properties as
described in the First Schedule hereto.
(c) The Borrower in satisfaction of its obligation as aforesaid has procured the
Sureties to further secure the repayment of the said loan by an additional
mortgage of all the properties specified in the First Schedule hereto together with
the buildings erected and/or to be erected as well as the plant, machinery and
utilities installed on the said properties and the Lender has agreed to accept such
mortgage of the additional properties as aforesaid in satisfaction of the
aforementioned obligation to the Borrower.