Kwara State Association of Nigeria, North America (KSANG.ORG)

Attached is the Final copy of the Ksang Village Site Plan.

Thank you.

Jude Rotimi

KVC PRO

PROGRESS REPORT UPDATE (as of February 2010)

Ladies and Gentlemen, the first round of this offer had come and gone as of July
01, 2009 and we are already into the next round of payments which will expire in
April, 2010 .
Various activities of the KVC to‐date could be summed up as follows:

􀂾 The residential home units sale prices are out while the associated building
plans would be rolled out in March.

􀂾 Developer for the Project has been commissioned. Final Joint Venture
agreement will be signed in due course. Vetting of working designs and
specifications are in progress.

􀂾 Engagement of Attorney at Law Firm in Nigeria, ‘Profiles Megakonsult’ has
been effected.

􀂾 The topographic survey of the land area has been completed and
forwarded to the Developer,

􀂾 Registration of the corporation ‘Ksang Homes International’ in Nigeria has
been completed.

􀂾 Sent the KV Project PRO to Houston to represent KSANG and distribute the
project flyers at the ODUNA annual conference last September.

􀂾 Bought a two full page advert in the IGBOMINA DAY program brochure.
The celebration took place at Oke‐Ode in Kwara State on February 19,
2010.

􀂾 Recommend a delegation of the President and KVC/NEC members to meet
the State Governor for possible waiver on the ground rent increase with
special reference to the relevant clauses in the C of O and also to discuss
other matters including but not limited to the planned establishment of
Tiahco Industry in Kwara State and the proposed Seattle Convention in
July, 2010.

􀂾 Organized Ksang Village Development Workshop @ Marriot Hotel,
Waldorf, Maryland which drew quite a good number of participants from
all the chapters including the entire KVC members, KSANG national
executive members as well as the Developer and some Stakeholders
despite the heavy down pour of snow that was experienced in the
Washington DC area during the period.

Workshop Attendees:

Mr. Lateef Amolegbe (National President and KVC member‐ Washington DC)
Mr. Biodun Aina (National Vice President ‐ Seattle)
Engr. Moses Adepoju (KVC Chairman – Washington DC)
Alhaji Mohammed Abubakar (KVC member /Workshop Secretary ‐ Houston)
Mr. Sulaimon Jimoh (Chicago Chapter President ‐ Chicago)
Mr. Bashir Amodu (KVC member ‐ Chicago)
Mr. Jude Rotimi (KVC member ‐ Seattle)
Alhaji Usman Lambe (KVC member ‐ Atlanta)
Dr. Christopher Odetunde (KVC member ‐ Houston)
Lawyer Razaq Bello Esq. (KVC member – New York)
Mrs. Harriet Tuyo (KVC member ‐ Houston)
Alhaji Olasupo Abbas (National Secretary – Washington DC)
Mr. Daniel Bamidele (NEC member‐ Seattle)
Alhaja Kudirat Kadiri (NEC member – Washington DC)
Mr. Jimoh Adesoye (Stakeholder from Seattle Chapter)
Mr. Hamzat Kadri (Stakeholder from New York)
Alhaji Raheem Adedoyin (Stakeholder from Nigeria)
Dr. Henry Sawyerr (Developer)
Many other stakeholders from D.C., Maryland and Virginia were also in
attendance.

Workshop Resolutions:

(1) That Ksang Homes International should be treated as being affiliated to
KSANG national as the parent organ.

(2) That price fluctuation on cost of each the residential unit should not
exceed 1 to 2% of the agreed price at the signing of the Joint Venture
agreement except for major inflation in the Nigerian economy.

(3) That the national president should lead the planned delegation of
KVC/NEC members to the State Governor in March, 2010.

(4) That the KVC chairman should forward the committee’s nomination and
criteria for the appointment of Board of Directors for Ksang Home
International to N.E.C. for their necessary consideration and establishment.

(5) That the Developer should explore various mortgage finance options and
provide such to all prospective buyers from KSANG to encourage them
participate in the project.

(6) That KSANG prospective buyers in good standing may enjoy up to 25%
discount on housing units of their choice through the use of Tiahco
products. This would be resolved by N.E.C. in collaboration with KVC and
the Developer after the TIAHCO prices are finally obtained from the
construction company.

(7) That the promise by the Developer of a two year project implementation
plan including the erection of first sample model on site by July 2010 should
be noted in the records and its accomplishment monitored accordingly.

(8) That the available project construction management positions with their
job descriptions be advertised, while qualified candidates be selected with
special preference to KSANG members in good standing.

(9) That the project management posts should be filled with equal slots
going to KSANG and TIAHCO respectively.

(10) That all revised items in the agreement be effected per legal advice
from our lawyer.

(11) That the National President should go ahead and sign the Joint
Venture agreement on behalf of KSANG or KVC as the case may be.

(12) The architectural designs as presented by the Developer were
adopted with the following recommendations.

• That the village should be monitored by both public and private
security operatives.

• That bore holes should be provided in addition to the proposed
mini‐dam as an alternative water supply source.

• That our legal advisers both in U.S and Nigeria should develop a
legal frame work that could be forwarded to the Kwara State
Government to prevent other entities from tapping into the village
source of water supply scheme.

The following residential unit prices submitted by the Developer were adopted:

Townhouse‐1   N14.32 million  ($88,880.00)
Townhouse‐2   N12.64 million ($84,266.67)
Three Bed‐1     N21.73 million ($144,748.00)
Three Bed‐2     N16.30 million ($108,640.00)
Four Bed‐1       N23.65 million ($157,656.00)

(Please see the attaced pdf document for full details)

Jude Rotimi

KVC PRO

283-203-8527

By Mr. Lateef Amolegbe

President KSANG North America

Please take a note of the NEW VENUE.

Marriot Hotel

3020 Technology Place,

Waldorf, MD 20601

Tel: 301-632-2111

Contact Person: Tonya Micke

Thanks.

PROPOSED KSANG VILLAGE DEVELOPMENT PROJECT WORKSHOP

January 30, 2010

As part of our on-going effort in moving Ksang Village project to its next stage of development, the Ksang Village Committee has resolved to hold an in-house workshop with the Developer on the above date to deliberate, negotiate and approve the preliminary working documents as well as discuss other vital issues relating to the take-off of the construction phase of the project including but not limited to the establishment of the residential unit prices and the signing of the project agreement.

I presume we all realize the fact that we are fast approaching the February, 2010 cut-off date for fulfilling certain conditions stipulated in the C of O documents. As a matter of fact, we are presently deficient in the payment of the ground rent as well as on the breaking of ground for construction works which is already due.

However we have been keeping the Ministry of Land and Housing abreast of our continued effort in fulfilling these challenges.

We believe this meeting will avail us that opportunity to devise solutions that will assist us to get back on track as we forge ahead with the mission.

PROGRAM OF EVENTS

Venue: Marriot Hotel, 3145 Crain Highway, Waldorf, MD 20603

Tel: 301-885-3333

Fax: 301-885-3344

Breakfast: 7-8am

1st Session: 8.30- 10am

PARTICIPANTS

1. KVC members

2. PTT Chairman

3. National Vice President

4. National Secretary

Agenda:

a. Review and adoption 2nd session agenda,

b. Overview of Project Package,

c. Other matters.

Break: 10 -10.30am

2nd Session: 10.30am-2.30pm

PARTICIPANTS

1. KVC members

2. PTT Chairman

3. National Vice President

4. National Secretary

5. Developer

Agenda:

a. Review and adoption of Design/Working documents from the Developer,

b. Review and adoption of the Project Budget,

c. Establishment of Residential Units sale prices,

d. Review and adoption of the Contract Agreement,

e. Review and adoption of Work Program,

f. Other matters.

Lunch: 2.30-3.30pm

3rd Session: 3.30-6.30pm

PARTICIPANTS

1. KVC members

2. PTT Chairman

3. National Vice President and Secretary

4. Webmaster

5. Developer

6. Stakeholders (List attached)

Agenda:

a. Ksang Village Project overview,

b. 2010 National Convention,

c. Ksang Website

d. Other matters.

Dinner 8-10pm.

____________________________________

RECEPTION ITENARY

1. Port of Arrival: Reagan International, Washington DC. Transportation from the airport to the hotel will be provided. (Please notify the National Secretary of any deviation from this location 48hrs before arrival on 240-381-1408.)

2. Stakeholders outside Washington metropolis who may want reservation in the hotel should inform the National Secretary not later than January 20.

Hotel fee is $90.00 (double room) per night.

SINCE PUNCTUALITY IS THE SOUL OF BUSINESS, WE HAVE TO BE

MINDFULL OF THE MANAGEMENT OF THE SHORT TIME AT OUR

DISPOSAL. THERE IS TOO MUCH TO DIGEST DURING THE TIGHT

PROGRAM. NO LATENESS TO ANY OF OUR MEETINGS WILL BE

ENTERTAINED.

LADIES AND GENTLEMEN, YOU ARE ALL ENCOURAGED TO STAND

UP TO THE PLATE. BE NOT A DISAPPOINTMENT.

All Stakeholders that are not able to attend will receive comprehensive report package after workshop.

We look forward to welcoming you soon. Please direct your questions to the National Secretary @ 240-381-1408.

Thank you.

Engr. M. Adepoju

Chairman-KVC