**EXHIBIT        10.2**

**LOAN            NOTE INVESTMENT AGREEMENT**

**DATED            JUNE 14, 2006**

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**(1)          METAL**
**        SANDS LIMITED**

**A**
**ND**

**(2)          RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED**

**AND**

**(3)          AMERICAN SOUTHWEST HOLDINGS, INC.**

**A**
**ND**

**(4)          ALAN JOWELL**

**A**
**ND**

**(5)          DEREK SATTERTHWAITE**

**AND**

**(6)          TREVOR JONES**

**AND**

**(7)          ADRIAN GRIFFIN**

**LOAN        NOTE INVESTMENT AGREEMENT**

**___________________________________________**

|   | **Osborne                Clarke**One                London WallLondonEC2Y                5EBTelephone +44                (0) 20 7105 7000Fax +44                (0) 20 7105 7005 SYDDMS-400990-v1-FC2 |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

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**TABLE      OF      CONTENTS**

| **Clause** | **Heading **                                    | **Page                  No.**  |
|------------|------------------------------------------------------|-------------------------------------|
|       |                                                 |                                |
| 1          | DEFINITIONS                  AND INTERPRETATION      | 1                                   |
| 2          | CONDITIONS                  PRECEDENT                | 5                                   |
| 3          | INVESTMENT                                           | 5                                   |
| 4          | WARRANTIES                                           | 6                                   |
| 5          | MATTERS                  REQUIRING CONSENT           | 7                                   |
| 6          | PROVISION                  OF INFORMATION            | 9                                   |
| 7          | RAB                  DIRECTOR                        | 9                                   |
| 8          | UNDERTAKINGS                                         | 10                                  |
| 9          | PROTECTION                  AGAINST DILUTION         | 12                                  |
| 10         | ISSUES                  OF SECURITIES AT LOWER PRICE | 12                                  |
| 11         | PRE-EMPTION                  RIGHTS                  | 12                                  |
| 12         | REALISATION                  POLICY                  | 13                                  |
| 13         | ANNOUNCEMENTS                  AND CONFIDENTIALITY   | 13                                  |
| 14         | TAXES                                                | 13                                  |
| 15         | COSTS                  CHARGES AND EXPENSES          | 14                                  |
| 16         | AGREEMENT                  TO PREVAIL                | 14                                  |
| 17         | RIGHTS                  OF THIRD PARTIES             | 14                                  |
| 18         | DURATION                  OF OBLIGATION              | 14                                  |
| 19         | ASSIGNMENT                                           | 14                                  |
| 20         | AMENDMENTS,                  WAIVERS AND REMEDIES    | 15                                  |
| 21         | SEVERANCE                                            | 15                                  |
| 22         | NOTICES                                              | 15                                  |
| 23         | ENFORCEMENT                                          | 16                                  |
| 24         | FURTHER                  ASSURANCE                   | 16                                  |
| 25         | ENTIRE                  AGREEMENT                    | 16                                  |

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**TABLE        OF        CONTENTS**

| **Clause**                    | **Heading **                                         | **Page                    No.**  |
|-------------------------------|-----------------------------------------------------------|---------------------------------------|
|                          |                                                      |                                  |
| 26                            | COUNTERPARTS                                              | 16                                    |
| 27                            | GOVERNING                    LAW AND JURISDICTION         | 16                                    |
| 1                             | POWERS                                                    | 18                                    |
| 2                             | SHARES                                                    | 18                                    |
| 3                             | SHARE                    CAPITAL STRUCTURE                | 18                                    |
| 4                             | CONSTITUTIONAL                    AND CORPORATE DOCUMENTS | 19                                    |
| 5                             | INFORMATION                                               | 19                                    |
| 6                             | INSURANCE                                                 | 19                                    |
| 7                             | LITIGATION                                                | 19                                    |
| 8                             | DEFAULT                                                   | 20                                    |
| 9                             | ENVIRONMENTAL                                             | 20                                    |
| 10                            | RELATED                    PARTY TRANSACTIONS             | 20                                    |
| 11                            | AUTHORITY                    TO CARRY ON BUSINESS         | 21                                    |
| 12                            | FINANCE                    AND GUARANTEES                 | 21                                    |
| 13                            | FINANCIAL                    AND OTHER RECORDS            | 21                                    |
| 14                            | INSOLVENCY                                                | 21                                    |
| 15                            | INTELLECTUAL                    PROPERTY                  | 22                                    |
| 16                            | CONTRACTS                                                 | 22                                    |
|                          |                                                      |                                  |
| SCHEDULES                     |                                                      |                                  |
| Schedule                    1 | RAB’S                    Subscription               | 18                                    |
| Schedule                    2 | Warranties                                                | 18                                    |
| Schedule                    3 | The                    Company                            | 23                                    |

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**THIS      AGREEMENT**

| (1) | **METAL                SANDS LIMITED**a                company registered in England and Wales with company number 5528584                whose                registered office at Minerva House, 5 Montague Close, London SE1                9BB (the                “**Company**”); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | **RAB                SPECIAL SITUATIONS (MASTER) FUND LIMITED**a                company incorporated in the Cayman Islands whose head office is at                Walker                SPV Limited, Walker House, Mary Street, PO Box 908GT, Grand Cayman,                Cayman                Islands c/o RAB Capital Plc of 1 Adam Street, London, WC2N 6LE                (“**RAB**”); |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | AMERICAN                SOUTHWEST HOLDINGS, INC. of c/- Ashworth Mitchell and Brazelton,                4225                North Brown Avenue, Scottsdale, A285251, United States of America.                (“**ASWI**”) |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | ALAN                JOWELL of 1/ 94-98 Ramsgate Avenue, Bondi Beach, NSW, 2026 Australia |
|-----|------------------------------------------------------------------------------------------|

| (5) | DEREK                SATTERTHWAITE of 3 Roto Place, Lake Tekapo, 8770, New                Zealand |
|-----|---------------------------------------------------------------------------------------------------|

| (6) | TREVOR                JONES of 11a Burton Street Mosman NSW, 2088,                Australia |
|-----|---------------------------------------------------------------------------------------------|

| (7) | ADRIAN                GRIFFIN of 35 Hubert Street Darlington WA 6070,                Australia |
|-----|------------------------------------------------------------------------------------------------|

**WHEREAS**

| (A) | The                Company is a private company limited by shares, short particulars                of which                are set out in Schedule 3, and at the date of this Agreement has                an                authorised share capital of £1,000,000 divided into 1,000,000,000 ordinary                shares of £0.001 each, of which 1,000 of such shares are in issue and are                fully paid. The Company has entered into an agreement with ASWI whereby                the Company will issue 30,000,000 shares to ASWI as consideration                for the                purchase of the entire share capital of Metal Sands Pty Ltd (A.C.N                094 423                551) |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | RAB                is proposing to invest in the Company by advancing funds amounting                to                £2,000,000 in return for the issue by the Company to RAB of the Loan                Notes                and the Warrants (each as defined                below). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | The                Parties wish to enter into this Agreement to provide for the issue                of the                Loan Notes and the Warrants by the Company to RAB and to provide                for                certain other matters (the “**Agreement**”). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IT      IS AGREED**

| 1 | **DEFINITIONS****AND INTERPRETATION** |
|---|---------------------------------------|

| 1.1 | **Definitions** |
|-----|-----------------|

**Act**

----

**Admission**
**Admitted”**

**Agreed      Form**

**AIM**
** **

**Articles**
**Board**

**Budget**

**Business**

**Business      Plan**

**Change      of Control**
**Bidder**

**Completion**

**Completion      Date**

**Confidential      Information**

**Conversion      Price**

**Debenture**

**Directors**

**Disclosure      Letter**

**Exit      Event**

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|   | (a) | admission                accompanied by a simultaneous institutional placing or public offering                of                an amount of no less than £5,000,000; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a                Sale. |
|--------|-----|------------------------|

**Exit      Date**

**Founders**

**Funds**

**Governor      Broome Tenements**

**Group**
**member      of the Group**
**Group      Company**

**Intellectual      Property**

**Investment      Documents**

**Loan      Notes**

**Loan      Note Instrument**

**Lower      Price Securities**

**Lower**
**Subscription      Price**

**Ordinary      Shares**

**Permitted      Security**

**RAB      Directors**

**Sale**

**Share      Capital**

**subsidiary**
**subsidiary      undertaking**

----

**Warrant      Instrument**

**Warrants**

**Warranties**
**Warranty**

**Warrantor**

| 1.2 | **Interpretation****and Construction** |
|-----|----------------------------------------|

| 1.2.1 | Unless                otherwise defined in this Agreement or the context requires otherwise,                words and phrases defined in the Articles have the same meanings                where                used in this Agreement. |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2.2 | In                this Agreement, unless otherwise specified or the context otherwise                requires:- |
|-------|-----------------------------------------------------------------------------------------------------------------|

|   | (a) | words                importing the singular shall include the plural and *vice                versa*; |
|--------|-----|-------------------------------------------------------------------------------------------------------|

|   | (b) | words                importing any gender shall include all other                genders; |
|--------|-----|-------------------------------------------------------------------------------------------|

|   | (c) | words                importing the whole shall be treated as including reference to any                part of                the whole; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | reference                to a Recital or Clause is to the relevant recital or clause of this                Agreement; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

|   | (e) | reference                to a Schedule is to the relevant schedule to this Agreement and reference                to a paragraph is to a paragraph in a                Schedule; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | reference                to this Agreement or to any other document is a reference to this                Agreement or to that other document as modified, amended, varied,                supplemented, assigned, novated or replaced from time to time; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | reference                to a provision of law is a reference to that provision as extended,                applied, amended, consolidated or re-enacted or as its application                is                modified from time to time and shall be construed as including reference                to any order, instrument, regulation or other subordinate legislation                from                time to time made under it except to the extent that any extension,                application, amendment, consolidation, re-enactment modification                or                construction takes effect after the date of this Agreement and has                the                effect of increasing or extending any obligation or liability or                otherwise                adversely affects the rights of, any party;                and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | reference                to a “person” includes any individual, firm, company, corporation, body                corporate, government, state or agency of state, trust or foundation                or                any association, partnership or unincorporated body (whether a not                having                separate legal personality) or two or more of the                foregoing. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2.3 | Headings                used in this Agreement shall not affect its construction or                interpretation. |
|-------|--------------------------------------------------------------------------------------------------------------------|

| 1.2.4 | The                Schedules and Recitals form part of this Agreement and have the same                force                and effect as if expressly set out in full in the operative part                of this                Agreement. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.2.5 | Obligations                and liabilities assumed by more than one person in this Agreement                are                assumed jointly and severally unless otherwise expressly                specified. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2.6 | Where                any of the Warranties are qualified by the expression “**so                far as the Warrantors** **are                aware**”                or any similar expression the relevant Warranty shall be given on                the                basis that it is given after the Warrantors have made all reasonable                enquiries into the subject matter of the Warranty so qualified. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | **Other                references** |
|-----|-------------------------------------|

| 1.3.1 | In                this Agreement save where otherwise provided a reference                to:- |
|-------|------------------------------------------------------------------------------------------------|

|  | (a) | “**writing**”                or “**written**”                includes faxes and any non-transitory form of visible reproduction                or                words and includes electronic mail;                and |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (b) | a                “**business                day**”                means a day, other than a Saturday or a Sunday, on which clearing                banks                are open for commercial business in                London. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | **CONDITIONS                PRECEDENT** |
|---|-----------------------------------------|

| 2.1 | **Conditions                Precedent** |
|-----|-----------------------------------------|

| 3 | **INVESTMENT** |
|---|----------------|

| 3.1 | **Completion** |
|-----|----------------|

| 3.1.1 | The                Company shall execute the Loan Note Instrument and the                Debenture; |
|-------|-----------------------------------------------------------------------------------------------------|

| 3.1.2 | RAB                shall subscribe in cash, by direct deposit into that bank account                of the                Company specified in Clause 3.3, for that number of Loan Notes shown                against its name in Column (2) of Schedule 1 at the price shown in                Column                (3) of Schedule 1 and the Company shall allot and issue to RAB (or                such                person as RAB may nominate) such Loan Notes fully paid and shall                deliver                to RAB (or such person as RAB may nominate) a duly executed loan                note                certificate therefor and ensure that RAB or its nominee is registered                as                the holder of such Loan Notes in the register of Loan Note holders                which                the Company is obliged to create and maintain under the terms of                the Loan                Note Instrument; |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.1.3 | the                Company shall provide RAB with a certified copy of the minutes of                a                meeting of the Board in the Agreed Form approving, inter alia, each                of the                matters referred to above. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | **RAB                Loan Note****and                Share Warrants** |
|-----|-----------------------------------------------------------------------|

| 3.3 | **Company                Bank Account** |
|-----|-----------------------------------------|

|  | Intermediary              Bank: | [Name                of RAB’s Intermediary Bank and Swift                BIC Code] |
|--|---------------------------------|------------------------------------------------------------------------------------------|

|  | For              Credit of: | National                Australia Bank |
|--|-----------------------------|----------------------------------------|

|  | Swift: | NATAAU33025 |
|--|--------|-------------|

|  | For              Credit of Account number: | METLD                GPB 01 |
|--|--------------------------------------------|-----------------------------|

| 3.4 | **Use                of Funds** |
|-----|---------------------------------|

| 4 | **WARRANTIES** |
|---|----------------|

| 4.1 | **Warranties** |
|-----|----------------|

| 4.2 | **Reliance** |
|-----|--------------|

| 4.3 | **Claims** |
|-----|------------|

| 4.4 | **Limitations                on Warranties** |
|-----|----------------------------------------------|

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| 4.4.1 | The                Warrantors shall not be liable in respect of any and all claims for                any                breach of Warranties (a “**Relevant                Claim**”)                unless written notice, setting forth in reasonable detail the Relevant                Claim and delivered pursuant to clause 22.2                to                the party or parties against whom liability for the claimed breach                is                charged, shall have been given on or before an Exit Event (provided                that                RAB is given 14 business days notice of the Exit Event and at the                same                time receives the Admission Document, Information Memorandum or other                relevant information in relation to the Exit Event). |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4.2 | The                limitations on the Warrantors’ liability in this clause 4.4                shall not apply to the extent that a Relevant Claim arises out of                a                Warrantor’s fraud, wilful non-disclosure or knowing                omission. |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4.3 | No                liability of any warrantor in respect of any claim for breach of                any                Warranty shall arise to the extent                that: |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | it                arises or is increased as a result of the passing of any legislation                (or                the making of any subordinate legislation) with retrospective effect,                or                by reason of any change to taxation authority practice, occurring                after                the date the Warranty is given; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                claim arises wholly or partly out of or is increased by a contingent                liability unless and until such contingent liability becomes an actual                liability; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the                claim arises out of or is increased by any change in the law or its                interpretation or administration or any change in the practice of                any                authority arising after the date the Warranty is given;                or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | the                matter giving rise to the claim is remediable unless within 60 days                of RAB                having become aware of such matter, RAB has given written notice                to the                Vendor and such matter has not been fully remedied by the Warrantor                without cost to RAB within 30 days of the service of such notice;                or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | any                matter giving rise to the claim is fairly disclosed in the Disclosure                Letter this Agreement or the Agreed Form documents set out in Schedule                6. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4.4 | Save                in the case of fraud, wilful non-disclosure or any knowing omission                the                aggregate amount that RAB shall be entitled to recover from the Warrantors                under the Warranties shall be limited to the amount subscribed by                the                subscribers for the Loan Notes and the subscribers shall not be entitled                to recover any indirect or consequential                loss. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | **MATTERS                REQUIRING CONSENT**** ** |
|---|--------------------------------------------------------|

| 5.1 | **RAB                Consent** |
|-----|--------------------------------|

| 5.1.1 | the                variation of the issued or authorised share capital of the Company                including the issue of any option, loan notes or Ordinary Shares                save as                permitted under clause 9; |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.2 | the                variation of the rights attaching to shares in the capital of the                Company; |
|-------|--------------------------------------------------------------------------------------------------------------|

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| 5.1.3 | the                alteration of the Articles; |
|-------|------------------------------------------------|

| 5.1.4 | the                declaration or distribution of any dividend or other payment out                of the                distributable profits of the Company (other than as required by the                Articles) or of any other Group Company (other than a wholly-owned                subsidiary to its parent company); |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.5 | the                reduction of the Company’s share capital, share premium account, capital                redemption reserve or any other reserve (other than as required by                the                Articles); |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.6 | the                reduction of any uncalled liability in respect of partly paid shares                of                the Company or any other Group Company; |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.7 | the                taking of steps to wind up or dissolve the Company or any other Group                Company; |
|-------|------------------------------------------------------------------------------------------------------------------|

| 5.1.8 | the                disposal (including the lease to a third party), (other than a Sale                where                the consideration for the Sale is equal to or greater than £40,000,000 to                be paid in cash upon completion and where arrangements are established                for                the distribution of such consideration to the Company’s shareholders), or                acquisition by the Company or any other Group Company in any financial                year of: |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | any                asset; |
|--------|-----|---------------------------|

|   | (ii) | the                whole or a significant part of an undertaking;                or |
|--------|------|-------------------------------------------------------------------------------------|

|   | (iii) | a                subsidiary undertaking |
|--------|-------|-----------------------------------------|

| 5.1.9 | any                material change in the nature of the business of the Company or any                other                Group Company; |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.10 | the                appointment or termination of employment of any employee of the Company                or                any other Group Company whose total remuneration is to be or is in                excess                of AUD175,000 a year or the variation of the remuneration or other                benefits of any such employee; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.11 | the                entry into, termination or variation of any contract or arrangement                between (1) the Company or any other Group Company and (2) a Director                or a                person who in relation to a Director is a connected person, including                the                variation of the remuneration or other benefits under any such a                contract                or arrangement and the waiver of any breach of any such a contract                or                arrangement; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.12 | the                incurring by the Company or any other Group Company of any borrowing                or                any other indebtedness or liability in the nature of borrowing (other                than                trade credit arising in the ordinary course of trading) in excess                of                AUD200,000; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.13 | the                creation of any mortgage, charge or other encumbrance over any asset                of                the Company or any other Group Company (other than a Permitted Security)                and the giving of any guarantee by the Company or any other Group                Company,                or the making of any loan or granting of any credit to any person                save for                trade credit arising in the ordinary course of                trading; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.14 | the                entering into by the Company or any other Group Company of any contract                or                arrangement outside the ordinary course of business or otherwise                than at                arm’s length or the entering into of any joint venture, partnership,                consortium or other investor arrangement;                or |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5.1.15 | the                incorporation of a new subsidiary undertaking of the Company or the                acquisition by the Company or any other Group Company of an interest                in                any shares in the capital of any body corporate; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | **Pre-Approved                Matters** |
|-----|-----------------------------------------|

| 6 | **PROVISION                OF INFORMATION** |
|---|---------------------------------------------|

| 6.1 | **Financial                and Business Information** |
|-----|-------------------------------------------------------|

| 6.1.1 | The                Company will provide to RAB                any information about the financial position and/or business capital                and                debt structure and general affairs of the Company which RAB reasonably                requests from time to time (including any information that a director                of                the Company is entitled to                receive). |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.2 | If                there is a Change of Control, the Company will immediately notify                RAB in                writing (the “**Notification**”)                and shall provide RAB with all reasonably requested details of such                Change                of Control. Within 60 days of receipt by RAB of the Notification                RAB shall                be entitled to demand the immediate repayment of all outstanding                loans                under the Loan Note Instrument or the immediate conversion of all                outstanding Loan Notes.  |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.3 | In                the event that RAB requires the repayment or conversion of the Loan                Notes                pursuant to Clause 6.1.2 above, any accrued interest on the amount                of the                Loan Notes shall be immediately repayable by the Company and RAB                may                require such interest to be repaid or converted into Ordinary Shares                . |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | **Information                sharing**** ** |
|-----|--------------------------------------------------|

| 6.2.1 | The                RAB Director, if appointed, shall be entitled to report to RAB on                the                affairs of the Group and to disclose such information concerning                the Group                to RAB’s professional advisors and managers or advisors as he/she                reasonably considers appropriate. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.2 | RAB                may provide on a confidential basis any information they are entitled                to                receive under this Agreement to the unitholders or the partners or                prospective unitholders in RAB or any other investor or prospective                investor in RAB, to clients on whose behalf they have purchased and/or                subscribed for shares in the capital of the Company, to any person                who                manages                the affairs of RAB, to prospective investors in any new fund being                promoted by RAB Capital plc, or to other professional investors and/or                third parties for fundraising related and/or marketing purposes where                RAB                Capital plc reasonably requires to provide such information to such                parties for such purpose. |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | **RAB                DIRECTOR** |
|---|---------------------------------|

| 7.1 | Whilst                and so long as RAB holds shares or Loan Notes in the Company prior                to                Admission, RAB shall be entitled to appoint by written notice to                the                Company from time to time such number of persons to be the RAB Directors                that is equal to the greater of one and the number of directors which                represents the percentage of the Board that is equal to the percentage                of                Ordinary Shares into which the Loan Notes may convert pursuant to                the Loan                Note Instrument. RAB shall also be entitled to have included in the                Articles (and the articles of association of every member of the                Group) a                provision to this effect. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.2 | In                addition to the appointment of the RAB Director(s) pursuant to Clause                7.1,                RAB shall have the right to appoint a person to attend meetings of                the                board of directors of the Company and/or any Group Company as an                observer** **(the                “**RAB                Observer**”).                The RAB Observer shall be entitled to see all documents considered                at such                meetings, to receive copies thereof, and to speak at but not to vote                at                such meetings. The RAB Observer shall have the same rights and                restrictions as the RAB Director(s) in relation to the passing of                information to RAB, its advisers as set out in Clause 7.1                above. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8 | **UNDERTAKINGS** |
|---|------------------|

| 8.1 | **Restrictions                after termination** |
|-----|---------------------------------------------------|

| 8.1.1 | **Definitions** |
|-------|-----------------|

**Critical      Employee**

**Customer**

**Employment**

**Prospective      Customer**

**Relevant      Period**

**Restricted      Area**

**Restricted      Goods**

**Restricted      Period**

----

**Restricted      Services**

**Supplier**

**Termination      Date**

| 8.1.2 | **Restrictive                covenants** |
|-------|------------------------------------------|

|   | (a) | so                as to compete with the Company and/or any other member of the Group                solicit business from or canvas any Customer or Prospective Customer                in                respect of Restricted Goods or Restricted                Services; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | so                as to compete with the Company and/or any other member of the Group                accept                orders from, act for or have any business dealings with, any Customer                or                Prospective Customer in respect of Restricted Goods or Restricted                Services; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | so                as to compete with the Company and/or any other member of the Group                within                the Restricted Area, be employed or engaged or at all interested                in                (except as a minority holder) a business or person which is involved                in                the business of researching into, developing, manufacturing, distributing,                selling, supplying or otherwise dealing with Restricted Goods or                Restricted Services, if the business is or seeks to be in competition                with                the Company and/or any other member of the Group. For the purposes                of this                Clause 8.1.2(c), acts done by the Founder outside the Restricted                Area                shall nonetheless be deemed to be done within the Restricted Area                where                their primary purpose is to engage in such acts within the Restricted                Area; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | solicit                or induce or endeavour to solicit or induce any person who, on the                Termination Date, was a Critical Employee (and with whom the Founder                had                dealings during the Relevant Period) to cease working for or providing                services to the Company and/or any other member of the Group, whether                or                not any such person would thereby commit a breach of                contract; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | employ                or otherwise engage any Critical Employee in the business of researching                into, developing, manufacturing, distributing, selling, supplying                or                otherwise dealing with Restricted Goods or Restricted Services if                that                business is, or seeks to be, in competition with the Company and/or                any                other member of the Group; or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | solicit                or induce or endeavour to solicit or induce any Supplier to cease                to deal                with the Company and/or any other member of the Group and shall not                interfere in any way with any relationship between a Supplier and                the                Company and/or any other member of the                Group. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8.2 | **Severance** |
|-----|---------------|

| 8.2.1 | The                restrictions in this Clause 8 (on which each Founder has had the                opportunity to take independent advice, as each hereby acknowledges)                are                separate and severable restrictions and are considered by the parties                to                be reasonable in all the circumstances. It is agreed that if any                such                restrictions, by themselves, or taken together, shall be adjudged                to go                beyond what is reasonable in all the circumstances for the protection                of                the legitimate interests of the Company or a Group Company but would                be                adjudged reasonable if some part of it were deleted, the relevant                restriction or restrictions shall apply with such deletion(s) as                may be                necessary to make it or them valid and enforceable. |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | Each                Founder undertakes to RAB to use best endeavours to satisfy the business                objectives of the Group including the agreed financial projections,                milestones, goals and conditions as set out in the Business                Plan. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | **PROTECTION                AGAINST DILUTION** |
|---|------------------------------------------------|

| 9.1 | Prior                to an Exit Event the Company shall not without the prior written                consent                of RAB issue shares or other securities including but not limited                to                warrants or loan notes on terms that are in whole or in part more                preferential than those contained in the Loan Notes including in                respect                of voting, dividends and entitlements on winding up. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | Prior                to an Exit Event the Company shall not issue warrants or options                to its                directors, officers or other employees except where such options                or                warrants: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | carry                an exercise price of not less than the price per Share at where a                placing                or public offering takes place; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | are                exercisable for a period of no greater than two years from the date                of                issue; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | are                in respect of no more than 10% of the fully diluted issued share                capital                of the Company. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | **ISSUES                OF SECURITIES AT LOWER PRICE**** ** |
|----|------------------------------------------------------------------|

**Lower      Price Securities**
**Lower      Subscription Price**

| 11 | **PRE-EMPTION                RIGHTS** |
|----|---------------------------------------|

| 11.1 | Except                in conjunction with an Exit Event, if prior                to an Exit Event the Company proposes to issue shares or other securities                including warrants or loan notes to a third party for cash consideration                (excluding bona fide issues of shares or options to directors or                employees                under an approved incentive plan), the Company shall notify RAB in                writing                and shall offer a pro rata amount of such securities on a pre-emptive                basis to RAB on the same terms based on the percentage of the fully                diluted issued capital held (or that could be held by RAB upon conversion                of all Loan Notes). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11.2 | RAB                shall have a period of five business days from the receipt of a notice                from the Company pursuant to Clause 11.1 above during which to give                written acceptance of such offer to the                Company. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12 | **REALISATION                POLICY** |
|----|---------------------------------------|

| 12.1 | **Exit** |
|------|----------|

| 12.1.1 | The                Parties confirm their intention by the Exit Date to work towards                an                Admission to                be accompanied by a placing with institutional investors or public                offering at least equal to£5,000,000. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.1.2 | **Aim                Advisers** |
|--------|---------------------------------|

| 13 | **ANNOUNCEMENTS****AND CONFIDENTIALITY** |
|----|------------------------------------------|

| 13.1 | **Except                as permitted under Clause 6 or:-**  |
|------|------------------------------------------------------------------|

|   | (a) | as                required by law or by any appropriate regulatory authority;                or |
|--------|-----|-------------------------------------------------------------------------------------------------|

|   | (b) | as                regards information which is publicly available (other than by reason                of                any wrongful disclosure of the same by the party concerned);                or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | with                prior consent of RAB; |
|--------|-----|-------------------------------------------|

| 13.2 | **Non-disclosure** |
|------|--------------------|

| 13.3 | **Survival                of confidentiality                obligations** |
|------|---------------------------------------------------------------------------|

| 14 | **T****AXES** |
|----|---------------|

| 14.1 | All                payments made by the Company to RAB pursuant to this Agreement or                the Loan                Note Instrument shall be made gross, free of any rights of counterclaim                or                set-off and without any deductions or withholdings of any nature                save for                such deductions or withholdings as are required by                law. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 14.2 | If                the Company is required by law to make any deduction or withholding                from                any payment made to RAB pursuant to this Agreement or the Loan Note                Instrument it shall do so and the sum due in respect of such payment                shall                be increased to the extent necessary to ensure that after the making                of                such deduction or withholding RAB receives and retains (free of any                liability in respect of any such deduction or withholding) a net                sum equal                to the sum which it would have received and retained had no such                deduction                or withholding been required to be                made. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | Provided                that the Company has fully complied with its obligations under Clause                14.2, if it is subsequently found that there arises a corresponding                credit                or right to repayment of tax for RAB in connection with any deduction                or                withholding made pursuant to Clause 14.2 and such credit or repayment                is                received by RAB, RAB shall promptly pay to the Company an amount                equal to                such credit or repayment (after deduction of any reasonable costs                incurred                in obtaining it) and without interest, save to the extent that interest                or                repayment supplement is included (or allowed) in such credit or repayment.                For this purpose, no credit shall be taken to have been received                by the                RAB unless it shall have relieved the RAB of a present obligation                to pay                tax. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15 | **COSTS                CHARGES AND EXPENSES** |
|----|-----------------------------------------------|

**Professional      Advisers**

| 16 | **AGREEMENT                TO PREVAIL** |
|----|-----------------------------------------|

| 17 | **RIGHTS                OF THIRD PARTIES** |
|----|--------------------------------------------|

| 18 | **DURATION                OF OBLIGATIONS** |
|----|--------------------------------------------|

| 19 | **ASSIGNMENT** |
|----|----------------|

| 19.1 | **Assignment                of Interest(s)** |
|------|----------------------------------------------|

| 19.1.1 | Except                as provided in this Clause 19, no Party shall be entitled to assign,                transfer or otherwise delegate (in whole or in part) his or its rights                or                sub-contract any of his or its obligations under this Agreement or                transfer any shares in the Company except as provided in the                Articles. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.1.2 | RAB                shall be entitled to assign the benefit of this Agreement to any                person to                whom it shall have transferred any shares in accordance with the                provisions of the Articles and this                Agreement. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 20 | **AMENDMENTS,                WAIVERS AND REMEDIES** |
|----|-----------------------------------------------------|

| 20.1 | **Amendments** |
|------|----------------|

| 20.2 | **Waivers                and remedies** |
|------|-----------------------------------------|

| 20.2.1 | The                rights of each Party under this                Agreement:- |
|--------|-------------------------------------------------------------------------------|

|   | (a) | may                be exercised as often as necessary; |
|--------|-----|--------------------------------------------------------|

|   | (b) | are                cumulative and not exclusive of its rights under the general law;                and |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | (c) | may                be waived only in writing and                specifically. |
|--------|-----|-------------------------------------------------------------------------------|

| 20.2.2 | Delay                in exercising or non-exercise of any right under this Agreement is                not a                waiver of that right. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.2.3 | Partial                exercise of any right under this Agreement shall not preclude any                further                or other exercise of that right or any other right under this                Agreement. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21 | **SEVERANCE** |
|----|---------------|

|   | (a) | the                legality, validity or enforceability in that jurisdiction of any                other                provision of this Agreement; or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                legality, validity or enforceability in any other jurisdiction of                that or                any other provision of this                Agreement. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22 | **NOTICES** |
|----|-------------|

| 22.1 | **Writing** |
|------|-------------|

| 22.2 | **Service** |
|------|-------------|

| 22.3 | **Deemed                receipt** |
|------|-----------------------------------|

----

|   | (a) | if                delivered personally, at the time of delivery; |
|--------|-----|------------------------------------------------------------------|

|   | (b) | in                the case of pre-paid recorded delivery or registered post, 24 hours                from                the date of posting (72 hours if sent by air mail);                and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | if                sent by facsimile on receipt by the sender of a successful transmission                report. |
|--------|-----|------------------------------------------------------------------------------------------------------------------|

| 23 | **ENFORCEMENT** |
|----|-----------------|

| 24 | **FURTHER                ASSURANCE** |
|----|--------------------------------------|

| 25 | **ENTIRE                AGREEMENT** |
|----|-------------------------------------|

| 26 | **COUNTERPARTS** |
|----|------------------|

| 27 | **GOVERNING                LAW AND JURISDICTION** |
|----|---------------------------------------------------|

| 27.1 | **Governing                law** |
|------|----------------------------------|

| 27.2 | **Jurisdiction** |
|------|------------------|

**EXECUTED      and DELIVERED**

----

**SCHEDULE**
**S**

**Schedule      1**

**RAB’s      subscription schedule**

| **(1)****Name**                                                                    | **(2)****No.                  of Loan Notes to be****subscribed** | **(3)****Loan                  Note Subscription****Price                  (£)** | **(4)****Total                  Investment (£)** |
|------------------------------------------------------------------------------------|-------------------------------------------------------------------|---------------------------------------------------------------------------------------|-------------------------------------------------------|
|  RABSpecial                  Situations(Master)                  Fund Limited |  2,000,000                                                   |  1                                                                               |  2,000,000                                       |

----

**Schedule      2**

**Warranties**

| 1 | **Powers** |
|---|------------|

| 1.1 | The                Company is duly incorporated and registered in England. Each subsidiary                of                the Company is duly incorporated and registered in its relevant                jurisdiction. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | The                Company has power and authority to enter into and perform this Agreement                and any other documents referred to in it, in particular, to issue                the                Loan Notes and Warrants in the manner proposed without any sanction                or                consent by members of the Company or any class of them and there                are no                other consents, authorizations or approvals required by the Company                in                connection with the entering into and the performance of this Agreement                and issue of the Loan Notes and Warrants which have not been irrevocably                and unconditionally obtained. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | This                Agreement and the other documents referred to in it constitute (or                will                constitute when executed) valid, legal and binding obligations on                the                Company in the terms of this Agreement and the                documents. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | Compliance                with the terms of this Agreement and the documents referred to in                it will                not breach or constitute a default under any of the                following: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | any                provision of the memorandum or articles of association or equivalent                constitutional documents of the                Company; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | any                agreement or instrument to which the Company is a party or by which                it is                bound; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | any                order, judgment, decree or other restriction applicable to the Company;                or |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (d) | any                limits, powers or restrictions binding upon the                Company. |
|--------|-----|--------------------------------------------------------------------------------------------|

| 2 | **Shares** |
|---|------------|

| 2.1 | The                Ordinary Shares to be issued pursuant to terms of this Agreement,                Loan                Note Instrument and the Warrant Instrument shall be issued to RAB                fully                paid and free from all liens, charges, equitable interests, encumbrances,                rights of pre-emption and other third party rights or interests of                any                nature whatsoever, with full title guarantee and other interests,                together                with all rights now or subsequently attaching to them, including,                without                limitation, the rights to receive all dividends and other distributions                declared, made or paid hereafter. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The                Company does not: |
|-----|--------------------------------------|

|   | (a) | hold                or beneficially own, or has agreed to acquire, any securities of                any                corporation other than Metal Sands Pty Ltd;                or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | have                membership in any partnership or other unincorporated association,                joint                venture or consortium (other than recognised trade                associations). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | **Share                capital structure** |
|---|--------------------------------------------|

| 3.1 | Immediately                following the issue of the Loan Notes and the Ordinary Shares, the                entire                issued share capital of the Company will                comprise: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.2 | Set                out below is all securities which it is currently intended or contemplated                to be issued by the Company within the period of 12 months following                the                date of this Agreement: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | **Constitutional                and corporate documents** |
|---|-----------------------------------------------------------|

| 4.1 | The                copies of the constitutional and corporate documents of Group Companies                disclosed to RAB or its advisers are true, accurate and complete                in all                respects. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | All                statutory books and registers of the Group have been properly kept                and no                notice or allegation that any of them is incorrect or should be rectified                has been received. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3 | So                far as the Company is aware, all returns, particulars, resolutions                and                other documents which the Group is required by law to file with or                deliver                to any authority in any jurisdiction (including, in particular, one                responsible for maintaining a register of companies) have been correctly                made up and filed or, as the case may be,                delivered. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | **Information**** ** |
|---|---------------------------|

| 5.1 | There                is not, so far as the Company is aware, material information that                has not                been disclosed which, if disclosed, might reasonably affect the                willingness of RAB to subscribe for the Ordinary Shares on the terms                of                this Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | So                far as the Warrantors are aware, all information disclosed in writing                to                RAB which is set out in Schedule 6 is accurate and correct in all                material                respects. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | **Insurance** |
|---|---------------|

| 6.1 | The                insurance polices maintained by or on behalf of the Group give adequate                cover against the risks that are normally insured against by a person                carrying on the same type of business as the                Group. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | So                far as the Company is aware there are no material outstanding claims                under, or in respect of the validity of, any of those                policies. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | **Litigation** |
|---|----------------|

| 7.1 | The                Group nor, so far as the Company is aware, any person for whom the                Group                is or may be vicariously liable is or has been involved in any civil,                criminal, arbitration or other proceedings (including, for this purpose,                any governmental, regulatory or similar investigation or enquiry)                and no                such proceedings are pending or threatened and, so far as the Warrantors                are aware, there are no circumstances which are likely to give rise                to any                such proceedings. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | No                director of the Group is, to the extent that it relates to the business                of                the Group, engaged in or subject to anything mentioned in paragraph                7.1. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8 | **Default** |
|---|-------------|

| 8.1 | No                event or circumstance has occurred or arisen or, so far as the Company                is                aware, is about to occur or arise by reason of which any person is,                or                would be, or could with the giving of notice and/or lapse of time                and/or a                relevant determination become entitled to require repayment prior                to its                stated maturity, or to take any step to enforce security for, any                borrowings or indebtedness in the nature of borrowing of the Group                and the                Group has not received notice from any person to whom any indebtedness                which is repayable on demand is owed demanding repayment of the same                and                the Company is not otherwise aware that any such person proposes                to demand                repayment of, or to take any step to enforce any security for, the                same. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | No                event or circumstance has occurred or arisen or, so far as the Company                is                aware, is about to occur which constitutes or results in, or would                with                the giving of notice and/or lapse of time and/or the making of a                relevant                determination, constitute, or result in, a default or the acceleration                or                breach of any obligation under any agreement, instrument or arrangement                to                which the Group is a party or by which any such company or any of                its                properties, revenues or assets are bound, and which would in any                such case                have a material adverse effect on the businesses, assets or prospects                of                the Group taken as a whole. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | **Environmental** |
|---|-------------------|

| 9.1 | The                Company and each subsidiary has not received prior written notification                of                any material breach of Environmental Law. For the purposes of this                paragraph **“Environmental                Law”**                shall mean all laws, regulations, directives, statutes, subordinate                legislation, common law and other national and local laws, all judgements,                orders, instructions or awards of any court or competent authority                and all                codes of practice and guidance notes to the extent enforce and legally                binding on the Group which have as a purpose or effect the protection                of                the Environment but excluding for the avoidance of doubt any of the                above                which regulate land use under the town and planning regime. For the                purposes of this paragraph **“Environment”**                shall mean any and all living organisms (including man) and the ecosystems                of which they form part and the media of air, water and                land. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | **Related                party transactions** |
|----|-----------------------------------------------|

| 10.1 | All                transactions which would be treated as a transaction with a “related                party“ (including a director, a shareholder or a company or entity in                which a director or shareholder has an interest) under the AIM Rules                (if                the Company were an AIM Company (as defined in the AIM Rules)) in                respect                of the Company or any subsidiary have been fully disclosed in writing                to                RAB. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | None                of the directors, officers, employees, agents or other persons acting                on                behalf of the Group has been party                to: |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the                use of any assets of the Group for unlawful contributions, gifts,                entertainment or other unlawful expenses relating to the making of                any                direct or indirect unlawful payment to employees or directors from                such                asset; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                establishment or maintenance of any unlawful or unrecorded fund of                monies                or other assets; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the                making of any false or fictitious entries in the books or records                of the                Group; or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | the                making of any unlawful payment. |
|--------|-----|----------------------------------------------------|

----

| 10.3 | For                the purposes of this paragraph 10, **“AIM                Rules”**means                the rules contained in the booklet “AIM RULES FOR COMPANIES” published by                London Stock Exchange plc and those other rules of London Stock Exchange                plc which govern the admission of securities to trading on, and the                regulation of, AIM |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11 | **Authority                to carry on business** |
|----|---------------------------------------------------|

| 11.1 | So                far as the Warrantors are aware, the Group has at all times conducted                its                business in accordance with all applicable laws and                regulations. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2 | All                material licenses, permissions, authorizations and consents required                for                carrying on the businesses of the Group have been obtained and are                in full                force and effect as at the date of this letter and, so far as the                Company                is aware, there are no circumstances which might lead to any of such                licenses, permissions, authorizations and consents being revoked,                suspended or refused renewal. So far as the Company is aware the                Group has                complied with the terms of any such licenses and with the rules of                any                regulatory body by which the Group is bound (“**Regulatory                Body**”)                and it is not subject to any order of or investigation by any such                Regulatory Body, nor, so far as the Company is aware, has it received                or                is it likely to receive any process notice or communication on behalf                of                such Regulatory Body. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12 | **Finance                and guarantees** |
|----|-------------------------------------------|

| 12.1 | The                total amount borrowed by each Group Company does not exceed any                limitations on the borrowing powers                contained: |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | in                the memorandum and articles of association (or equivalent documents)                of                the relevant Group Company; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | in                any debenture or other deed or document binding on the relevant Group                Company. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

| 13 | **Financial                and other records** |
|----|------------------------------------------------|

| 13.1 | All                financial and other records of the                Group: |
|------|-----------------------------------------------------------------------------|

|   | (a) | have                been properly prepared and                maintained; |
|--------|-----|---------------------------------------------------------------------------|

|   | (b) | constitute                an accurate record of all matters that ought to appear in them;                and |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (c) | do                not contain any material inaccuracies or                discrepancies. |
|--------|-----|------------------------------------------------------------------------------------------|

| 13.2 | No                notice has been received or allegation made that any of those records                are                incorrect or should be rectified. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.3 | All                statutory records required to be kept or filed by the Group have                been                properly kept or filed. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------|

| 14 | **Insolvency** |
|----|----------------|

| 14.1 | No                Group Company is insolvent or unable to pay its debts within the                meaning                of the insolvency legislation applicable and has not stopped paying                its                debts as they fall due. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | No                Group Company has taken any action, nor have any other steps been                taken or                legal proceedings started or threatened against any member of a Group                Company, for its winding-up or dissolution or for it to enter into                any                arrangement or composition for the benefit of creditors or for the                appointment of a receiver, trustee, administrator or similar officer                of it                or any of its properties, revenues or assets. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 15 | **Intellectual                Property** |
|----|------------------------------------------|

| 15.1 | The                Company is the sole legal and beneficial owners of the Intellectual                Property. |
|------|-----------------------------------------------------------------------------------------------------------------|

| 15.2 | The                Company is the sole registered proprietors of all of the Intellectual                Property capable of registration on a public register, anywhere in                the                world. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.3 | The                Intellectual Property is valid and subsisting, is not the subject                of any                current, pending or threatened challenge, claim or proceeding, including                for opposition, cancellation, revocation or rectification, and has                not                been the subject of any such challenge, claim or proceeding, and                there are                no facts or matters which might give rise to any such challenge,                claim or                proceeding. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.4 | All                registration and/or renewal fees regarding the Intellectual Property                due                on or before Completion have been paid in full and there are no                registration and/or renewal fees regarding the Intellectual Property                that                shall be due for payment during the period of 120 days from the Completion                Date. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16 | **Contracts** |
|----|---------------|

----

**Schedule      **
**3**

**The      Company**

**METAL      SANDS LIMITED**

| Registered                number:  | 5589527 |
|-----------------------------------------|---------|

| Registered              ffice: | Minerva                House, 5 Montague Close, London SE1                9BB |
|--------------------------------|-------------------------------------------------------------------------------|

| Directors: | Derek                William Satterthwaite (Chairperson)Adrian                Christopher GriffinTrevor                Abel JonesAlan                Richard Jowell |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Secretary: | Reed                Smith Corporate Services |
|------------|----------------------------------------------|

| Authorised                share capital: | £1,000,000                divided into 1,000,000.000 ordinary shares of £0.001                each |
|------------------------------------------|--------------------------------------------------------------------------------------------------------------|

| Issued                share capital | 1,000,000                Ordinary Shares |
|-------------------------------------|------------------------------------------|

| Shareholders | American                Southwest Holdings Inc: 100% |
|--------------|------------------------------------------------------|

----

**Schedule      4**

**Governor      Broome Tenements**

| **Tenement                no.**          | **Date                of application** | **Date                of grant** | **Expiry** | **Current                area (Ha)** |
|------------------------------------------|----------------------------------------|----------------------------------|------------|--------------------------------------|
| **Granted                tenements**     |
| E70/2372                                 | 22/09/00                               | 09/01/02                         | 08/01/07   | 8926.70                              |
| E70/2415                                 | 05/01/01                               | 09/11/01                         | 08/11/06   | 3407.43                              |
| E70/2655                                 | 27/01/04                               | 28/11/05                         | 27/11/10   | 4440.35                              |
| **Tenement                applications** |
| ELA                70/2464               | 01/08/01                               |                             |       | 19849.62                             |
| ELA                70/2534               | 15/08/02                               |                             |       | 4532.04                              |
| ELA70/2559                               | 25/11/02                               |                             |       | 4542.71                              |
| ELA                70/2708               | 17/08/04                               |                             |       | 6813.46                              |

----

----

**Schedule      6 - List of Written Disclosures **

**Loan      Investment Agreement**

|   | 1) | Disclosures                contained within the Due Diligence File (April 2006) summaries as                follows: |
|--------|----|----------------------------------------------------------------------------------------------------------------------|

|  | a. | Structure  |
|--|----|-----------------|

|   | i. | Shareholders                of the Company, its Parent (American Southwest Inc, and the Parents                subsidiaries and proposed                subsidiaries. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Corporate |
|--------|----|-----------|

|   | i. | Metal                Sands Limited - Company Profile |
|--------|----|------------------------------------------------------|

|   | ii. | Metal                Sands Limited ACN: 094 423 551 - Constitution |
|--------|-----|--------------------------------------------------------------------|

|   | iii. | Metal                Sands Limited - Certificate of                Incorporation |
|--------|------|----------------------------------------------------------------------------------|

|   | iv. | Metal                Sands PTY LTD - Certificate of Registration and conversion to a                proprietary company |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------|

|   | v. | Metal                Sands Limited - Memorandum and articles of                Association |
|--------|----|--------------------------------------------------------------------------------------------|

|   | vi. | Africa                Pacific Capital - Mandate for Seed Capital Raising 23 December                2005 |
|--------|-----|----------------------------------------------------------------------------------------------------------|

|   | c. | Business |
|--------|----|----------|

|  | i. | Business                Plan and Budget   |
|--|----|-----------------------------------------------------|

|   | ii. | Current                Presentation |
|--------|-----|-------------------------------------|

|   | iii. | List                of professional advisors |
|--------|------|----------------------------------------------|

|   | d. | Documents                for Title of Assets |
|--------|----|----------------------------------------------|

|   | i. | Smyth                Thomas Report |
|--------|----|------------------------------------|

|   | ii. | Metal                Sands Pty Ltd / Metal Sands Australia Pty Ltd Agency                agreement |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | iii. | Governor                Broome Acquisition by the Company dated 8 December                2005 |
|--------|------|------------------------------------------------------------------------------------------------|

|   | e. | Contracts |
|--------|----|-----------|

|   | i. | Disclosures                on Related Party Trading |
|--------|----|-----------------------------------------------------|

|   | ii. | Memorandum                of Understanding between Doyle Capital and                CNMC |
|--------|-----|------------------------------------------------------------------------------------------|

|   | iii. | Africa                Pacific Capital Limited Mandate dated 23 December                2005 |
|--------|------|---------------------------------------------------------------------------------------------|

|   | iv. | Banking                Details |
|--------|-----|--------------------------------|

|   | f. | Employment |
|--------|----|------------|

|   | i. | Directors                remuneration & Options |
|--------|----|-----------------------------------------------------|

|   | g. | Property |
|--------|----|----------|

|   | i. | Lease                of Premises |
|--------|----|----------------------------------|

|   | h. | Legal                compliance and Litigation |
|--------|----|------------------------------------------------|

|   | i. | Proposed                Transactions |
|--------|----|--------------------------------------|

----

**METAL      SANDS LIMITED**

acting      by: 

|                                      |     |   |                                         |     |
|-------------------------------------------|----------|--------|----------------------------------------------|----------|
| /s/ Alan                      Jowell | Director |   | /s/ Trevor                        Jones | Director |
|                                           |     |   |                                              |     |
| Alan                      Jowell          | Name     |   | Trevor                      Jones            | Name     |

**RAB      SPECIAL SITUATIONS (MASTER) FUND LIMITED**

|                                      |                                      |   |                                       |                                      |
|-------------------------------------------|-------------------------------------------|--------|--------------------------------------------|-------------------------------------------|
| /s/ Benjamin                    Hill | Authorised                      Signatory |   | /s/ Fraser                      McGee | Authorised                      Signatory |
|                                           |                                      |   |                                            |                                      |
| Benjamin                    Hill          | Name                                      |   | Fraser                    McGee            | Name                                      |

**AMERICAN      SOUTHWEST HOLDINGS, INC**

|                                                         |                                      |   |                                                             |                                      |
|--------------------------------------------------------------|-------------------------------------------|--------|------------------------------------------------------------------|-------------------------------------------|
| /s/ Alan                    Doyle                       | Authorised                      Signatory |   | /s/                        Peter Holsworth                       | Authorised                      Signatory |
|                                                              |                                      |   |                                                                  |                                      |
| Alan                    Doyle                    (President) | Name                                      |   | Peter                    Holsworth                    (Director) | Name                                      |

**ALAN      JOWELL**

|                                  |   |   |   |   |
|---------------------------------------|--------|--------|--------|--------|
| /s/ Alan                  Jowell |   |   |   |   |
|                                       |   |   |        |   |
| In the presence of:              |   |   |   |   |

| /s/ Ging                      Tsouboures   | Signature                          of Witness |   |   |   |
|-------------------------------------------------|-----------------------------------------------|--------|--------|--------|
|                                                 |                                          |   |        |   |
| Ging Tsouboures                                 | Name                                          |   |   |   |
|                                                 |                                          |   |   |   |
| 415                      Shenton Ave, Bankstown | Address                                       |   |   |   |
|                                                 |                                          |   |   |   |
| Accountant                                      | Occupation                                    |   |   |   |
|                                                 |                                          |   |   |   |

----

**DEREK      SATTERTHWAITE**

|                                            |   |   |   |   |
|-------------------------------------------------|--------|--------|--------|--------|
| /s/ Derek                    Satterthwaite |   |   |   |   |
|                                                 |   |   |        |   |
| In the presence of:                        |   |   |   |   |

| /s/ Theresa                              Brucciani                                                | Signature                                  of Witness |   |   |   |
|--------------------------------------------------------------------------------------------------------|-------------------------------------------------------|--------|--------|--------|
|                                                                                                        |                                                  |   |        |   |
| Theresa Brucciani                                                                                      | Name                                                  |   |   |   |
|                                                                                                        |                                                  |   |   |   |
| 290                                Railway PDE, West LeedervilleWA                                6007 | Address                                               |   |   |   |
|                                                                                                        |                                                  |   |   |   |
| Administrator                                                                                          | Occupation                                            |   |   |   |
|                                                                                                        |                                                  |   |   |   |

**TREVOR      JONES**

|                                       |   |   |   |   |
|--------------------------------------------|--------|--------|--------|--------|
| /s/ Trevor                      Jones |   |   |   |   |
|                                            |   |   |        |   |
| In the presence of:                   |   |   |   |   |

| /s/ Ging                            Tsouboures   | Signature                                of Witness |   |   |   |
|-------------------------------------------------------|-----------------------------------------------------|--------|--------|--------|
|                                                       |                                                |   |        |   |
| Ging Tsouboures                                       | Name                                                |   |   |   |
|                                                       |                                                |   |   |   |
| 415                            Shenton Ave, Bankstown | Address                                             |   |   |   |
|                                                       |                                                |   |   |   |
| Accountant                                            | Occupation                                          |   |   |   |
|                                                       |                                                |   |   |   |

**ADRIAN      GRIFFIN**

|                                         |   |   |   |   |
|----------------------------------------------|--------|--------|--------|--------|
| /s/ Adrian                      Griffin |   |   |   |   |
|                                              |   |   |        |   |
| In the presence of:                     |   |   |   |   |

| /s/ Theresa                            Brucciani                                              | Signature                                of Witness |   |   |   |
|----------------------------------------------------------------------------------------------------|-----------------------------------------------------|--------|--------|--------|
|                                                                                                    |                                                |   |        |   |
| Theresa Brucciani                                                                                  | Name                                                |   |   |   |
|                                                                                                    |                                                |   |   |   |
| 290                              Railway PDE, West LeedervilleWA                              6007 | Address                                             |   |   |   |
|                                                                                                    |                                                |   |   |   |
| Administrator                                                                                      | Occupation                                          |   |   |   |
|                                                                                                    |                                                |   |   |   |

----