Gao Fco[1]

GAO-LOCAL-MINES Rue 34 Banagabougou , porte 113 , Bamako Republic Of Mali Tel : 002238577230 Fax : 002239039-403 E-mail : [email protected]

FCO AGREEMENT WHEREAS: The "SELLER" has complete and full authority to sell Gold Dust and Buyer is able and willing to purchase it, parties will be agreed to enter into this sale/purchase Contract, now therefore, the parties hereto, for and in consideration of the promises and undertaking described in this agreement, do hereby agree as follows; 1. The buyer will pay 6.5% cash Government Tax from the total cost of the gold dust for exportation charges 2. The buyer will carry the gold with the seller’s representative back to buyer’s country or to choice of his destination and will be made payment after refinery. 3. Price for 1kg of gold dust is $13,500 USD (FOB) 01) COMMODITY: Type of gold: dust ( Au Metal 22carat plus, with purity of 93.5%or better) Fineness: 100%, to be paid after refinery at the buyers destination, price for the gold is negotiable by both parties only on FOB . The Seller warrants and represents that the gold dust delivered under this agreement is free of any liens and/or further encumbrances and of non-criminal origin. 01) TOTAL QUANTITY: The total quantity of the gold dust which the Seller is selling and delivering to the Buyer under this agreement is from the total 3000kg, agreement also remain the same if the buyer wants to buy the total number. The seller and buyer can remain in agreement for One (1) year contract of gold dust marketing. This Agreement can be renewed with rolls and extensions as parties agree. 02) PACKING: Herein specified gold dust is packed in boxes. 03) DELIVERY: The gold dust as specified herein will be delivered by the Seller to the buyer’s destination postal address or address of buyer’s Refinery . Delivery of gold will be within four days after signing agreement with the buyer and buyer is responsible for Customs exportation fees and all charges before the refinery at the buyer’s destination. Buyers will Deduct the Exportation Taxes and other charges or minus expenses from the quantity of gold dust Delivered after refinery. 04) VERIFICATION: Verification of documents and the physical dust - gold will be confirmed between parties 05) PAYMENT: The Buyer shall pay for the gold dust delivered under this contract, in clean and clear United States Dollars or Euro and world accepted currency of non-criminal origin. By both Parties. Guarantee will be in place during the extension of the Contract and the Buyer will pay with a wire transfer of 100% or by cash at hand of the total cost of quantities of Gold sold by the seller to the buyer to be after verification of each gold shipment. 06. Should such verification be finished after 24:00 hours on that day payment will be effected on the next day, should such day be on holiday or bank holiday, payment will be effected on the next banking day. If the refinery’s schedule does not permit the inspection to be held immediately, then this will not be a negative factor against the Buyer. Seller may need to be patient for up 2 days due to refinery scheduling and verification. 07) NON CIRCUMVENTURE/ NON DISCLOSURE The parties hereto agree to respect each others proprietary interests and not to reveal details and/or information to parties and/or individuals other than those who are the offers involved in handling this transaction. Like : Sellers side designated Consultants Buyers side paid to Buyer’s designated Consultants. Except without written consent of the other party, no communication is to be made by one party to the other party in confidential manner. 08) TAXES AND LIABILITIES: The parties hereto will not make any representation regarding tax consequences (if any) of the transaction contemplated by this contract. Each party individually and separately will accept their own liabilities for any taxes, impose levies duties or charges and institutional costs which may arise or are applicable in the performance and execution of their respective duties under this contract.

9) FORCE AND EFFECT: Should any of the provisions of this agreement be or become invalid by virtue of applicable law/s or become unenforceable, this agreement shall remain in full force and the invalid or unenforceable provision/ shall be replaced by the provision/s to be mutually agreed between the parties hereto. This agreement shall be severable in the event that any provision shall be adjudged, invalid, illegal or unenforceable. This agreement shall be construed without regard to any of such provision. 10) That the transaction stipulated in this agreement in from either of the parties side fully legal transaction and that each such person executing this agreement, contracts that there is no known violation of any law by him, her or it, by entering into this agreement. The parties involved should perform Contract with good reason and maintain loyalty and trustworthy.

SELLER INFORMATION Name: Mr. Tidiane Seydou Address: Rue 34 Banagabougou , porte 113 City: Bamako State: gao Country: Mali Telephone: 002238577230 Profession: Gold Marketer & Representative Passport No: A1266640 Date of Birth: 7th Nov , 1965 Place of Birth: gao Nationality: Malian

FAX:

002239039-403

BUYER INFORMATION Name: Address: City: State: Country: Telephone: Profession: Passport No: Date of Birth: Place of Birth: Nationality :

FAX:

Signed and sealed by the both parties

Seller’s Sign: Mr. Tidiane Seydou

Buyer’s Sign :____________________