AZMI

LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

Dat
e12/
June/
2023

PURCHASEANDSALEAGREEMENT
Cont
ractNo:
AMSL/
02122022.

Thi
sdocumentisconf
ident
ial
andshouldnotbedi
str
ibut
edt
o
any
oneothert
hanthebuyerorsel
l
erident
if
iedi
nthi
sdocument
.

Bet
weenbuy
erand(
sel
ler
)

CompanyName:
AZmi
lMI
NERALASCOMPANY(
SL)LI
MITED

Addr
ess:10JUBAHI
LL,
FREETOWN-
SIERRALEONE
Sel
l
erDer
ri
ck/
Dani
elsesay

AND(
Buy
er)

Thepar
ti
esabov
ewi
sht
oent
eri
ntoabusi
nesst
ransact
ionf
or
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

thei
rmut ualbenef
itandhaveagr eedtoenterintothisagreement
toestabli
shthebasicter
ms, conditi
onsandmut ualcovenants
uponwhi chtheywishtotransactthissale/
purchasecont r
actand
i
nconsi derat
ionofwhichthepartiesheretoagreeasf ol
lows:

WHEREAS: Thesell
erandtheBuyeragr
eeandguarant
ee,
under
penalt
yofperj
ury
,thesal
eofgoldinthefor
m,pr
iceandti
me
i
ndicatedi
nthi
scontract

Pri
ce30,000$perkilos23+car atpur i
ty98.6%pr ocedur ebuy er
comet oSier
raLeonet henwet r
av eltogetherbyr oadcart o
conakryinsell
eroffi
ceinspectsat isfi
edt henpayt axes6%
i
ncludeinsur
anceasagai nstcollateralforthet r
ialquant i
ty.The
Buyerwill
beresponsiblefortheshi ppingcostt ot hef i
nal
desti
nati
onofRef i
nery.Thensel lerorSel l
err epresentativeand
buyerorbuyerrepr
esentativ
ewi lltraveltogethertobuy ercount
ry
ref
iner
yf orfi
nalpayment.Inbuy err efi
nery(Count ry)

SCOPESOFAGREEMENT
TheSell
erissuesthecont
ract(
SPA) ,whichwill
besignedandt he
copywil
lbeexchangedbetweent heBuy erandtheSell
erbyemail
thatwi
ll
beconsi der
edtheori
ginalcopy.Atthebeginni
ng,the
sell
erwi
llsi
gnandst ampeachpageoft hecontr
actori
ginall
y
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

(wit
ht hecorrespondingsign)
.Thesell
erwi
l
lsendi
ttothebuyer
,
thebuy erwil
lalsosignandstampeachpageofthecontr
act
ori
ginally(
withthecor r
espondingsi
gn).

A.theSeller
,underf
ull
corporat
eresponsibi
li
tyandli
abi
l
ity
represent
sthathehastheclearandrighttosalet
heGold
B.theBuy er
,underf
ull
corpor
ateauthori
tyandresponsi
bil
i
ty,
represent
sthathehastheful
lfi
nancial
capabil
i
tytopurchasethe
Gold

NOW, THEREFORE: I
nconsider
ati
onofthepromi
sesandmut
ual
covenantsher
einsetf
ort
h,bothPart
iesagr
eetotheTer
msand
Condit
ionsasfoll
ows:

1)COMMODI
TYSPECI
FICATI
ON

•Pr
oduct:(
AU)Gol
dBar
s
•For
m :Gol
dbar
s
•Pur
it
y :98.
6
•Fi
nesse:23+%Car
ats
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

•
Fir
stt
ranche:
300kgs~mont
hlyDel
iv
eri
es2000kgs
•Pr
ice:USD30,
000Perki
l
o(t
axesi
s6%)
•Origi
n:Si er
raLeonetaxeswill
bepai dbybuyer
.Buy erwil
lbe
responsibl
eforpayingforGovernmentandinsuranceand
shippingcostinconakrytothebuy ercount
ryofrefi
nerywher
e
thef i
nalpaymentwill
bemadeaf t
erthefi
nalAssayinbuyer
count r
y

*
SUBSEQUENTTRANCHESwi
l
lbebyAi
rCar
go

2)DELI
VERY
TheGOLDwi llbedel
iv
eredonmont hlywi l
lamountto2000kgs.
From conakr
ytobuyerbothpart
iesher ebymutual
lyagreedthat
Buyerwill
beresponsi
blef
ortheGov ernmenttaxesInsur
anceand
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

shi
ppi
ngcostf
rom conakr
ytobuy
ercount
ryr
efi
nar
y

3)PURI
TY
TheSellerwill
provi
det heGoldwi t
hami nimum finenessof
23+carataccordi
ngt obet est
edbearingthepurit
ycer ti
fi
cateof
98.6%from thecountryofor i
ginmadeav ial
abl
eof fi
cial
lyto
accompanyofdel iv
eryoft heproducttothebuyer'srefi
nery.The
buyerwillpayaft
erthef i
nalAssayattheBuy er
’sRefinery.

4)TRANSACTI
ONCOSTS
A.Thesel
lerorr
epresentati
veofthesell
erwil
laccompanythe
buyerwi
ththegol
dt ohisrefi
ner
yf ort
hefinal
testandpay
ment .
Thesell
erwillpr
oviderealscannedcopyofthepasspor
tofthe
repr
esentat
iveorthesell
erhimself,whowi
llaccompanythebuyer
back,i
twill
bemadet othesignatur
eofthi
scontract
.

B.Whentheshi
pmentismadebyAi rCargo,byj
ointdeci
sionof
sel
l
erandbuyer,
bothpart
ieswil
lagreeontheAirFrei
ght
For
warderandCarr
iert
hatwil
lperf
orm suchwork.
C.TheGol
dwi
l
lbesmel
tedi
nthepr
esenceof/
Buy
er
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

ADD -8LowerGbendebuGoder
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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

Represent
ati
vei
ntoGol
dbar
sfort
ranspar
encyi
nal
ocal
smel
teri
n
ori
gin.
Thebuy erwil
lpaythesmelt
ingcharges,t
axesandi
nsur
anceand
fr
eightcoststothebuyer
'sdest
inat
ion.
D.Sel
l
erandBuy
ermut
ual
l
yagr
eeont
hedat
eofeachTr
anche

E.TheSel
lerdel
i
ver
sthegoods,
inor
igi
n,att
hepoi
ntagr
eedwi
th
thebuy
er.
5)PAYMENT

PAYMENTSwi l
lbemadewi
thcl
earandcl
eanmoneyofnon-
cr
imi
nalor
igi
n.
Thebuyerwill
pay30,000USDPERKGaf terthefi
nalAssayatthe
Buyer
’sref
ineryt
hroughSWIFT/WI RETransferMT103tothe
banki
ngdetail
sprovi
dedbythesel
lerwi
thin72hoursagainstt
he
tr
ansf
erofownershipofthemetal
.

CURRENCY:Theagr
eedpur
chasepr
icei
sthequot
edpr
icei
nUSD
(USDol
lar
).

6)NOTI
CES
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

Anyandallnot
icesrequi
redtobegivenbyonepar
tyt
otheot
her
part
ytothi
sAgr eementshall
beinwrit
ingbyf
acsi
mil
eoremai
l,
di
rectl
ytot
hepar ti
esref
erencedher
ein.

7)DOCUMENTS

Eachshi
pmentanddeliv
erywillbei
dent
ifi
edwi
thal
lappr
opr
iat
e
codesandcont
ractr
eferencenumbers.
I
naddi
ti
onwi
th:
1.Commer
cialPer
for
mai
nvoi
cei
nfav
ouroft
heBuy
er
2.Cer
ti
fi
cat
eofOr
igi
nissuedbyaut
hor
it
yoft
hecount
ryofor
igi
n.
4.Certi
fi
cat
eofOwner shi
pconfi
rmingt
hepr
oductt
obef
reeof
al
ll
iens,t
axesandencumbrances.
5.Cer
ti
fi
cat
eofpur
it
y,assaycer
ti
fi
cat
ed,
issuedbyof
fi
cial
local
or
gani
sm
6.Expor
tPer
mit/Expor
tdocument
sfr
om expor
ti
ngcount
ry.

Befor
esett
ingt
heexportdat
e,al
lprev
iousdocument
smusthav
e
beensentt
othebuyerf
orhisver
if
icat
ion
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

Whenthebuy
erveri
fi
es,
sell
erandbuy
erwill
setdat
eandf
li
ghtof
expor
tandar
ri
valatt
hedesti
nati
onai
rpor
t

8)WARRANTI
ES
Sell
erwarrant
sthatthecommodi tycanbeli
ft
edwi t
hout
rest
ri
cti
onsany whereintheworl
d.TheSell
eragreestoacceptt
he
fi
nalassayreportatBuyersdesi
gnatedr
efi
nery.

9)APPLI
CABLELAW ANDJURI
SDI
CTI
ON
Anydisput eari
singoutof ,
orincontextoft
hisAgreement,
orrel
at edtoanyagr eementconcl udedasar esul
tofthi
s
Agreement ,shal
l beset tledbyArbitr
ati
on.Theseatofthe
Arbit
rationtri
bunal shallbeundert herul
esofconcil
iati
on
andar bitr
ati
onoft heI nternat
ionalChamberofCommer ce
(I
CC),Cour tofArbitration.

10)JOI
NTDECLARATI
ON
TheSellerandBuyereachdecl
areuntooneanothert
hattheGOLD
off
eredher ei
nforsal
e,andt
heorigi
nofthefundsusedfor
purchasingtheGOLD,doNOTCont r
avene:TheDrugTraf
ficki
ng
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

OffensesAct1986, TheCrimi
nal Act1988,thePreventi
onof
Terrori
sm (Tempor aryProvi
sions)Act1989, TheCri
minal Justi
ce
(I
nternati
onal Cooperati
on)Act1990, TheCriminal
Just i
ceAct
1993, andtheMoneyLaunder ingRegul at
ions1993,oranyot her
i
ll
egal orcri
mi nalacti
vit
y.Andaccor dingl
yeachpar tyt
ot his
agreementi ndemnifieseachot heragainstanysuchallegati
ons
whichormaynotbemadei nthef ut
ure.

11)FACSI
MILECOPI
ESANDCOMMUNI
CATI
ONS

Thi
sAgr eementshall
beacceptedtobelegalandbi ndi
ngbybot
h
par
tiesifexecut
edandsentbyfaxand/oremail di
rectt
othe
par
tiesconcernedatthenumbersoremailaddresscontai
ned
wit
hinthisAgreement.

12)FORCEMAJEURE

Thepart
iesher
etoshal
lnotbehel
dli
ablef
oranyfai
luret
o
per
for
m underthe"
ForceMajeur
e"cl
auseasregul
atedbythe
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

ADD -8LowerGbendebuGoder
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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

I
nter
nationalChamberofCommer cewhosecl
ausesaredeemed
t
obei ncorporat
edher
ein.Shoul
dtheperf
ormanceofanyact
r
equir
edbyt hisAgr
eement ,

Otherr easont hant hepay mentofmoney ,

bepr eventedordel ayed
byr easonofanactofGod; st r
ike;l
ockout ;l
abort r
oubl es;water;
theel ement s;fir
e;flood;adv erseweat hercondi ti
onsorot her
maj orenv ironment aldisturbance; powersur gesorf ailure;
mat erialshor tageorunav ai
labili
ty;actofmi li
tar
yaut hority;
gov ernmentor di
nance, law, rule,r
egulat ion,orrestr
ictions,
i
nabi l
ityt oobt ainnecessar yLicense, per mit,orri
ght; oranyot her
causebey ondt hecont rol ofthepar tyr equiredtoper formt heact;
thent het imef orper f
ormancewi l
lbeext endedf oraper iod
equi v
al entt otheper i
odofdel ayandper formanceoft heact
duringt heper i
odofdel aywi llbeexcused.Pr ovi
ded, howev er,i
fa
forcemaj eur eev entisnotr emedi edwi thinthirt
y(30)day s,ei
ther
partymay , withoutliabili
tyandasi tssol eandexcl usiv eremedy ,
terminat et heaf fectedschedul e.

.
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

13)ETHI
CS:(
NON-
CIRCUMVENTI
ONandNON-
DISCLOSURE)

BothBuy erandSelleracknowl edget hatthehar mt otheother

partywouldbesubst anti
al andther efor
et heSellerandBuy er
agreetoabidebyt heCust omar yInternati
onal r
ulesofnon-
cir
cumv enti
onandnon- disclosureasest ablishedbyt he
Int
ernat
ional ChamberofCommer cei nPar i
s,Francef oraperi
od
often(10)y earsf
rom thedat eher eof.

SaidNon-ci
rcumventi
onandnon- discl
osureshal
linclude,
butnot
belimit
edtocommuni cati
ngwi t
heachot her
'sbanks, r
efi
ner
s,
Represent
ati
vesofBuy erdeal
ingwi t
hCustoms,brokersor
Sell
er'
smandate.Theunder st
andingandaccordoft his
subparagr
aphshallsur
v i
vetheterminati
onofthi
sagr eement.

14)BI
NDI
NGAUTHORI
TY
Thi
sAgreementisbi
ndinguponthepart
iesheret
o,t
hei
rassi
gns
andsuccessor
sandissignedwi
thful
lauthor
it
ytoact.
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

ADD -8LowerGbendebuGoder
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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

15)SI
GNATORI
ES
Eachoft heparti
esheretoconfir
ms, underpenal
tyofperj
ury,t
hat
eachhasf ulll
egalandlawfulauthori
tytoexecut
ethiscontr
act
andthereforeallt
ermsandcondi ti
onsshallbeful
lybindi
ng.The
part
ieshav eenter
edintothisContracti
ngoodf ai
thand
eachshal l
useitsbestef
fortsi
nthefullspi
ritofco-oper
ationto
prompt l
yachi
evet hepur
posesetforthherein.Afacsimil
ecopyof
thi
sAgr eementshallbedeemedlegall
ybindingasbei ngfull
y
executedinaccordancetothepart
ieshereinandtoi ncl
udetheir
heir
s,executi
ves,admini
str
ator
sandassi gnees.

16)EXECUTI
ONOFTHI
SAGREEMENT
Thet ermsofthisAgreementshal lbeConf i
rmedandsi gnedby
theBuy erandtheSellerv i
afacsimileorEmai l
.Bysigningbelow,
bothpar t
iesabi
debyt heircorporateandlegall
iabi
li
tiesbetween
Buy erandSell
erofthiscont ract.Thereareori
ginalcopiesofthi
s
Cont r
act.Theparti
esacceptt hatelect
roni
ccommuni cationof
signedcopiesandmessagessentbyFaxorE- mail
shal lbe
deemedt obefull
ylegallybinding.

17)SELLER’
SGUARANTEE
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

Theselleri
sobli
gedtodel
ivert
heGOLDsubj ectoft
hisagr
eement
andcont r
actwit
hinamaximum of7workingdaystothenoti
ceof
thebuyersothatiti
savai
l
abletohi
mi ntheplacepr
oposedin
ori
gin.Goldfr
om Sierr
aLeonetoconakr
y

18)SELLER´
SBANKI
NGDETAI
LS
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

BANKNAME:
SKYEBANKSI
ERRALEONE

ADDRESS:
LUMLEYROADFREETOWN

CITY/
COUNTRY: FREETOWNSI
ERRALEONE

ACCOUNT
HOLDERNAME: AZmilMINERALSCOMPANYSI
ERRA
LEONELTD

ACCOUNT
NUMBER: 1040396210

SWI
FTCODE:
SKYESLFR
AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

Repr
esent
ati
ve
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

r
epr
esent
ati
ve
 AZMI
LMI
NERALSCOMPANYSLLTD
MI
NING-EXPORTER-I
MPORTER-AGENT-GENERALSUPPLI
ERS.

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REGI
STRATI
ONNo.
SL101220AZMI
L2001626

ON BEHALF OF THE SELLER as the maxi

mum l
egaland
regi
ster
edr
epr
esent
ati
veoft
hesell
ercompany

Ful
lName:Mr
.Der
ri
ck/
Dani
elsesay
Company
:AZMI
LMI
NERALSCOMPANY(
SL)LI
MITE

Si
gnat
ure:

Dat
e:12j
une2023

ONBEHALFOFTHEBUYERast hemaxi
mum l
egaland
regi
ster
edr
epr
esent
ati
veoft
hebuy
er'
scompany
Ful
lName:Mr
.
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