K-MENS CONNECT & MANAGEMENT v. CHIRANO GOLDMINES LIMITED

Per Writ of Summons filed on 23rd November 2021, the Plaintiff claims against the

Defendant as follows:

I. A declaration that the plaintiff is entitled to be remunerated for its service,

rendered to the defendant in the processes leading to the formation and

setting up of a successful Foundation by way of ‘quantum meruit.’

II. Recovery of the aggregate total sum of GH₵147,000 as assessed by the

Plaintiff for the months of August, 2018, September, 2018, October, 2018

and November, 2018 to date of payment at the commercial rate and

III. Further or any other relief(s) as in the circumstances may be just.

On 15th December 2022, the Parties herein filed Terms of Settlement. The Terms

of the Settlement were essentially as follows:

“1. By a Writ of Summons and Statement of Claim filed on 23rd November,

2021 the Plaintiff claimed against the Defendant the following reliefs:

i. A declaration that the Plaintiff is entitled to be remunerated

for its services rendered to the Defendant in the processes

leading to the formation and setting up of a successful

Foundation by way of "quantum meruit";

ii. Recovery of the aggregate total sum of GH₵147,000.00 as

assessed by the Plaintiff for the months of August 2018,

September 2018, October 2018 and November 2018 to date of

payment at the commercial rate; and

iii. Further or any other relief(s) as in the circumstance may be

just.

2. The Defendant entered appearance through its lawyers on 1st December, 2021

and filed a Statement of Defence on 15th December, 2021.

3. The Plaintiff filed an Application for Directions on 8th February, 2022.

4. The Defendant filed additional issues on 22nd February, 2022.

5. Subsequently, the Plaintiff and Defendant (together, the "Parties") have

agreed to settle the dispute.

THE PARTIES NOW THEREFORE MUTUALLY AGREE AS FOLLOWS:

6. That the Defendant shall pay to the Plaintiff the sum of EIGHTY

THOUSAND GHANA CEDIS (GH₵80,000) (‘Agreed Amount’) as full and

final settlement of all fees, compensation, demand, claims, interest,

honorarium, legal costs (howsoever called) claimed by the Plaintiff.

7. That the Defendant shall credit the Plaintiffs account with the Agreed

Amount within one (1) week after the adoption of these Terms of Settlement

by the court.

8. That payment by the Defendant pursuant to these Terms of Settlement shall

be made into the following account:

ACCOUNT NAME: STEPHEN WILKS KOFI

ACCOUNT NUMBER: 4121120000203

BANK: GCB BANK LTD

BRANCH