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| QUANG NAM PEOPLE’S | SOCIALIST REPUBLIC OF VIET NAM     |
|--------------------------|------------------------------------|
| COMMITTEE                | Independence - Freedom - Happiness |

| 1.   | Name of enterprise in Vietnamese: CÔNG TY TNHH KHAI THÁC VÀNG BONG MIÊU |
|----------------|---------------------------------------------------------------------------------------------|

| 2.   | Name of enterprise in English: BONG MIEU GOLD MINING COMPANY LIMITED |
|----------------|----------------------------------------------------------------------|

|   | In abbreviation: BOGOMIN |
|--------|--------------------------|

| 3.   | Type of enterprise: Limited liability company with two or more members |
|----------------|------------------------------------------------------------------------|

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| 4.   | Head office address: Tam Lanh commune, Phu Ninh district, Quang Nam provinceRepresentative office: 644-646 Ngo Quyen, Danang city |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Business line: |
|----------------|----------------|

|   | Exploring, exploiting, processing gold-ore and associated minerals. |
|--------|---------------------------------------------------------------------|

| 6.   | Charter capital: USD 3,000,000 ( three million United States Dollars) |
|----------------|-----------------------------------------------------------------------|

| 7.   | Legal Representative: MR. NGUYEN NGOC QUYNH |
|----------------|---------------------------------------------|

| •   | Date of birth : 03 August 1946 |
|---------------------|--------------------------------|

| •   | Nationality : Vietnam |
|---------------------|-----------------------|

| •   | ID card No. : 010790380 |
|---------------------|-------------------------|

| •   | Date of issue : 01 October 2007 |
|---------------------|---------------------------------|

| •   | Place of issue : Ha Noi Police |
|---------------------|--------------------------------|

| •   | Position : General Director |
|---------------------|-----------------------------|

| •   | Permanent address : 103 Nguyen Truong To, Ba Dinh district, Ha Noi |
|---------------------|--------------------------------------------------------------------|

| •   | Current address : K30/16 Tran Phu, Da Nang city |
|---------------------|-------------------------------------------------|

| 1.   | Name of the investment project : BONG MIEU GOLD PROJECT |
|----------------|---------------------------------------------------------|

| 2.   | Objectives and scale of the project : |
|----------------|---------------------------------------|

| Objectives                                                         | :           | The Company principally operates in the business of gold mining, Exploration Activities and other activities as follows:a. To carry out Bong Mieu Gold Mining Project in accordance with the Joint Venture Agreement, Feasibility Study and business plan of the Project approved and adjusted by the Members or Members’ Council from time to time;b. To carry on business in all products extracted or derived from the Project;c. To carry out Exploration Activities, all other activities in accordance with the laws of Vietnam which are, or may be, incidental or ancillary to the activities set out                                                                                                                                                                                                  |
|----------------------------------------------------------------------------------------|---------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Scale                                                                             | :                          | The capacity of the project is 180,000 tons of ore/year (average gold content is 2.8 grams/ton of ore)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 3. Location of project                                        | :      | Plant is located at Bong Mieu gold mine,Tam Lanh commune, Phu Ninh district, Quang Nam provinceArea under the project: 365 ha, including:+ Area for mining: 330 ha+ Area for waste dumping: 28 ha+ Area for capital construction: 7 ha.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 4. Investment capital           |                            | USD 40,000,000 (Forty million United States Dollars)In which, contributed capital to implement the project is USD 3,000,000Investors’ contribution as follows:+ Bong Mieu Holdings Company Ltd: USD 2,400,000 (Two million four hundred thousand United States Dollars), representing 80 percent of the Charter Capital of the Company+ Mineral Development Joint Stock Company: USD 300,000 (Three hundred thousand United States Dollars), representing 10 percent of the Charter Capital of the Company+ Quang Nam Mineral Industry Corporation: USD 300,000 (Three hundred thousand United States Dollars), representing 10 percent of the Charter Capital of the Company+ The rest of the capital is borrowed from by the company commercial banks or mobilized from other legal sources of capital  |
| 5. Operational term                                                                    | :                               | 25 (twenty five) years as from 05 March 1991                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 6. Project implementation schedule                                                     | :                               | In progress                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 7. Investment incentives                                                               | :                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

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| Distribution: | On behalf of the People’s Committee |
|---------------|-------------------------------------------|
| - As above    | For President                             |
| - File        | Vice President                            |
|          | LE MINH ANH                               |
|          | (Signed and Sealed)                       |