Hibachi financial services CC (Reg. No.

Cc/2022/04985 )

AGREEMENT OF CESSION

BY AND BETWEEN

Company Name:………………………………….
whose registrated office is at…………………………………………….with tax number …………………, represented
by ……………………………………. ( the ’’Cedent ’’)

And

HIBACHI FINANCIAL SERVICES

a company duly incorporated under Namibian laws and having its physical address at Rocky crest madiera street erf
1116, Windhoek, Namibia, with tax number 13064689-011, represented by Mr Sefelino Simfukwe
and …………………………….. (the ’’Cessionary’’ )

And

Company Name:………………………………….
whose registrated office is at…………………………………………….with tax number …………………, represented
by …………………………………… (the’’Debtor’’ )

Hereinafter, the Cedent and Cessionary shall be called as ’’The Parties’’

WHEREAS.

The Cedent owns the credit against Debtor for ’’Common Fund’’ on total amount of N$…………….…… (hereinafter,
’’ the Debt’’) with open due date of payment that has arisen as a consequenses of the invoices # …………………..
date …………:….. on amount of N$ ……………….bank transfer, Invoice
#…………………date…………………onamount of 4.333,00 EUR bank transfer and invoice #…………………
date………………on amount of N$ ………………….. bank transfer.

The Cedent wishes to assign the Debt, and Cessionary wish to acquire the property of the Debt, so Parties agree to
celebrate the present Agreement of Cession, subject to what is herein stated in the following.
Contact # 0818169280. Email address: hibachifinance@gmail.com Social Media : @Hibachi_Finance
CLAUSES

FIRST. – ASSIGNMENT OF THE DEBT

1.1.By means of this contract the Cedent absolutely, irrevocably and unconditionally assigns to the Cessionary all the
Cedent’s rights releted to the debt, and hereby the Cedent accept this assigment.
1.2.The Parties agree that the Cessionary shall not pay or compensate the Cedent with any amout upon the assignment
carried out pursuant to this contract.
1.3.Not withstanding the above, the Cessionary is undertaken to give the amount of the Debt to the Cedent as soon as
the Debt has been charged from the Debtor by the Cessionary

SECOND .- CESSIONARY’S OBLIGATIONS

2.1. Upon the assigment hereby, the Cessionary has no obligation against the cedent unless the restitution of the Debt’s
amount stated in the clause above
2.2. Not withstanding the above, the Cessionary shall defend the amount,ownership and title of the Debt against the
Debtor or any third party in order to charge all amount of the Debt.

THIRD.- GOVERNING LAW AND DISPUTE RESOLUTION

3.1. This contract shall be governed by laws of Namibia,Any dispute between the contesting Perties in relation to this
contract shall be difinitively setteled by the competent courts of Namibia,

Signed by Contacting Parties hereto on date and place written

Hibachi financial services. Cedent. Debtor

……………………………. ……………………………… …………,………………..

Date & Time Date & Time. Date & Time

……………………………. ………………………………. …………………………

BANKING DETAILS
ACCOUNT NAME : Hibachi financial services cc
ACCOUNT # : 64277868146
BRANCH NANE : MAERUA MALL
BRANCH CODE : 282273
ACCOUNT TYPE: GOLD BUSINESS ACCOUNT

Contact # 0818169280. Email address: hibachifinance@gmail.com Social Media : @Hibachi_Finance