PURCHASE AGREEMENT

 This Purchase Agreement (hereinafter the Agreement) is made on this 30 day of October 2020, between ???.. a limited liability company duly incorporated in the Emirate of Dubai, United Arab Emirates with its registered office address at ????.(Hereinafter referred to as the Buyer) AND; ?????????? (Hereinafter referred to as the Seller) Together Parties WHEREAS A. Both Parties are willing to enter this Agreement to facilitate the sale/purchase of Gold B. The Seller is in possession of up to 500 Kgs of gold (Consignment) and the Buyer is ready, willing and able to purchase the entire Consignment subject to the provisions of this Agreement. C. This Agreement is valid the Consignment and such further consignment as the Seller may be willing to sell to the Buyer. TERMS 1. The seller is in possession of a consignment of 500 kg of gold nuggets. Buyer agrees to purchase the entire consignment immediately available, subject to a trial of 10 kg. Once successful, buyer undertakes to buy the entire consignment of 500 kg, followed by monthly tranches of 200 kg for a 12 months period. 2. For the avoidance of doubt, pure Gold means the percentage of Gold (Au) composition in he product following an assay analysis. 3. Both parties agree that the price per kilogram of pure Gold is fixed at 42,000 USD. Both Parties agree that payments shall be made in United States Dollars. 4. The Seller shall deliver the Gold to Africa Gold Refineries (AGR) located at Oserian Warehouse, First Freight Lane, Jomo Kenyatta International Airport, Nairobi, Kenya. 5. The date and time of the first delivery shall be the XXX 2020 at not later than 09:00am (and/or such date and time mutually agreed by both Parties). Subsequent deliveries shall be agreed between the Parties. 6. Prior to delivery, the Seller shall provide the Buyer with the following information: a. Details of the individual delivering the Gold (name, number, ID/Passport Copy) b. Details of the vehicle (license plate number, type of vehicle, color) 7. AGR shall perform the following services on behalf of the Buyer: a. Weighing b. Melting c. Smelting d. Casting e. XRF analysis f. Fire assay. 8. Once AGR provides and confirms the weight and analysis of the product to both Parties, the Buyer shall initiate the export process (via Brinks) and the consignment shall be taken to the Ministry of Mining (Madini House, Kenya) for export clearance. Upon receipt of the final documents from the Ministry, the consignment will be shipped to Dubai (UAE) with the buyer as the consignee. 9. The Buyer agrees to cover the Royalty fees and the export fees due to ship the consignment to Dubai. 10. The buyer shall receive and clear the shipment and the buyer is required to release the payment to the seller within 48 hours from the receipt of such shipment. The Seller shall provide an invoice to the Buyer based on the final test results for purposes of payment. 11. Each Party shall be responsible for their tax obligations (if any) arising of the transactions subject of this Agreement. 12. This agreement shall be governed under laws and jurisdiction of the Emirate of Dubai, UAE and all matters of dispute, arbitration, adjudication shall be subject to the courts of Dubai, UAE. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. FOR AND ON BEHALF OF SELLER FOR AND ON BEHALF OF THE BUYER NAME: TITLE: NAME: SIGNATURE: TITLE: SELLER DATE: SIGNATURE: DATE: _______________________