Document:

Exhibit 10.14

 

China
Xingbang Industry Group, Inc.

中国兴邦产业集团

 

June
1, 2011

2011年6月1日

 

To:
Xiaole Zhan

 

Dear
Mr. Zhan:

詹先生: 

 

We
are pleased to invite you to join the Board of Directors of China Xingbang Industry Group Inc. (the “Company”). This
letter confirms our agreement with you regarding your services as a director of the Company. Subject to your acceptance of the
position, your service is to commence on June 1, 2011 (the “Commencement Date”).

 

我们很高兴邀请您加入China
Xingbang Industry Group, Inc. (“本公司”)的董事会。此协议将确立我们之间关于您担任本公司董事的协议。由于您接受了此职位,您的任期将自2011年6月1日(
“生效之日” )起开始。

 

As
compensation for your services, you will receive, commencing with the Commencement Date:

 

作为对您的服务补偿,自生效之日起您将收到:

 

(1)
an annual retainer of USD $0 per year (the “Retainer”).

 

(1)
每年聘请费0美元(“聘请费”)。

 

    	 	1 / 4	 

     

    

 

In
the event that the Board of Directors asks that you also be a member of any other committee of the Board of Directors, and should
you agree to serve, you will be entitled to additional compensation for service on such other committee, as may be agreed upon
between you and the Board of Directors.

 

如果董事会邀请您也成为董事会的其他委员会的成员,而且您也同意担任时,
您将有权对您在这些委员会中执行的职务得到额外的补偿,具体事宜需由您与董事会的共同商定。

 

You
will also be reimbursed for reasonable travel and lodging expenses incurred with the cost of attendance at any Board meeting.
You will also be eligible for any future compensatory and/or benefits plans that the Company may adopt for members of the Company’s
Board of Directors or for the independent directors on the Company’s Board of Directors. At no cost to you, the Company
will be responsible for your Section 16 filings with the Securities and Exchange Commission as a director of the Company.

 

您也可以报销出席任何董事会会议的合理差旅和住宿的费用。您也有资格参与今后公司为董事会成员或独立董事可能采用的任何补偿和/或福利计划。公司将负责向美国证券交易委员会提交您作为公司董事的
Section 16
报备文件,您不需支付任何费用。

 

The
Company represents to you all Company documents and records that are presented to you are correct, true and complete.

 

本公司呈交给您的所有公司文件和记录的都是正确的、真实的和完整的。

 

    	 	2 / 4	 

     

    

 

This
agreement shall be governed by, construed and enforced in accordance with the laws of the State of New York applicable to agreements
made and to be performed entirely within such State, without regard to the principles of conflict of laws. The parties hereto
hereby submit to the exclusive jurisdiction of the federal and state courts located in New York County in the State of New York
with respect to any dispute arising under this agreement, the agreements entered into in connection herewith, or the transactions
contemplated hereby or thereby. Both parties irrevocably waive the defense of an inconvenient forum to the maintenance of such
suit or proceeding. Both parties further agree that service of process upon a party mailed by federal express (or other similar
reputable courier or delivery service) shall be deemed in every respect effective service of process upon the party in any such
suit or proceeding.

 

本协议受美国纽约州适用于在订立和全部履行在纽约的协议的相关法律管束、解释及执行,不用考虑到法律原则的冲突。因本协议或其他相关协议或相关交易产生的任何争议,各方都应遵从纽约州纽约县的联邦和州法院的独占管辖权。双方不可撤销地放弃以维持这种诉讼或行动的不方便为理由的抗辩。双方也同意,在任何诉讼中由联邦快递公司(或其他类似的有信誉的派送或快递服务)邮寄的一方诉讼文件的送达应被视为此方在各个方面都是有效的诉讼文件的送达。

 

If
there is any conflict between the English and Chinese language within this Consulting Agreement, both parties agree that the English
version shall be used as the official legal interpretation of this document. The Chinese language in this document is for reference
purposes only.

 

本协议的中文版如和英文版中如有任何冲突,以英文版为准。

 

    	 	3 / 4	 

     

    

 

【签名页】

(Sign)

 

	 	Very
    truly yours,
	 	China
    Xingbang Industry Group, Inc.
	 	By
    its Board of Directors
	 	 
	 	By签名:/s/ Xiaohong Yao                                  
	 	Name姓名:
    姚晓宏
	 	Title职务:Chairman

 

	Accepted:
	同意
	 
	By签名:                  /s/Xiaole Zhan                     
	Xiaole
    Zhan

 

 

4
/ 4Exhibit
10.6

 

CENTRE
FOR GEOSCIENCES RESEARCH CLOSE CORPORATION

 

AFRICAN
GRAPHITE INC.

 

GAZANIA
INVESTMENTS TWO HUNDRED AND FORTY TWO (PROPRIETARY) LIMITED

 

 

 

 

 

AGREEMENT
RELATING TO THE SALE OF SHARES HELD IN GAZANIA 

INVESTMENTS TWO HUNDRED AND FORTY TWO (PROPRIETARY) 

LIMITED

 

 

 

 

 

 

ENSafrica
| Namibia (incorporated as Lorentz Angola Inc.)

3rd
Floor, LA Chambers, Ausspann Plaza, Dr Agostinho Veto Street, Windhoek, Namibia 

Tel: +264 61 379 700 | Fax: +264 61 379 701

 

     

    

    

 

PARTIES
TO THIS AGREEMENT 

 

The
Parties to this Agreement are:

 

		(1)	CENTRE
                                         FOR GEOSCIENCES RESEARCH CLOSE CORPORATION, registration number CC/2007/2804, a close
                                         corporation incorporated under the laws of Namibia, having its registered address at
                                         12 Reiherweg, Hochlandpark, Windhoek, Namibia;

 

(hereinafter
referred to as the "Seller"),

 

		(2)	AFRICAN
                                         GRAPHITE INC., registration number NV20131522646, a company incorporated under the
                                         laws of the State of Nevada, having its principal place of business at 318 N. Carson
                                         St., Ste. 2018, Carson City, NC 89701;

 

(hereinafter
referred to as the "Purchaser" or "AGI"); and

 

		(3)	GAZANIA
                                         INVESTMENTS TWO HUNDRED AND FORTY TWO (PROPRIETARY) LIMITED, registration number
                                         2013/0744 a private company incorporated in terms of the laws of Namibia, having its
                                         principal place of business at 2nd Floor, LA Chambers, Dr Agostinho Neto Road, Ausspannplatz,
                                         Windhoek (hereinafter referred to as the "Company").

 

AGREEMENT

 

The
Parties hereto agree as follows:

 

	1.	Definitions
    and Interpretation

 

Definitions

 

	 	1.1	In
    this Agreement the following words and expressions shall have the following meanings:

 

	 	1.1.1	"Agreement'
    means this document, and includes the Schedules;

 

    2

    

    

 

	 	1.1.2	"Claims"
    means any and all rights held by the Seller against the Company on account of their shareholding in the Company, including
    any shareholder loans;
	 	 	 
	 	1.1.3	"Closing"
    means the completion of the Transaction pursuant to the provisions of clause 6 of this Agreement;
	 	 	 
	 	1.1.4	"Closing
    Date" means the date on which Closing takes place in accordance with the provisions of clause 6, which date
    shall (subject to the Seller and the Purchaser having complied with all their obligations under this Agreement) not be later
    than 10 (ten) Business Days following the Signature Date;
	 	 	 
	 	1.1.5	"Company"
    means Gazania Investments Two Hundred and Forty Two (Proprietary) Limited (2013 / 0744), as identified under the heading
    "Parties to this Agreement" above;
	 	 	 
	 	1.1.6	"First Trache"
    means the amount of $5,000 (five thousand United States dollars) payable, as part of the Purchase Price, in terms of
    clause 3,1.1 of this Agreement;
	 	 	 
	 	1.1,7	"Legal Practitioners"
    means ENSafrica I Namibia (incorporated as Lorentz Angula Inc.), Attorneys, Notaries & Conveyancers of 3rd Floor,
    LA Chambers, Unit 4, Ausspann Plaza, Dr Agostinho Neto Road, Windhoek;
	 	 	 
	 	1.1.8	"Parties"
    means all of the Seller, the Purchaser and the Company, or any combination of the aforesaid, as the context may indicate
    or require, and "Party" means any one of them, as the context may indicate or require;
	 	 	 
	 	1.1.8	''Purchase Price"
    means the amount of $15,000 (fifteen thousand United States dollars);
	 	 	 
	 	1.1.10	"Purchaser"
    means AGI, as defined under the heading "Parties to this Agreement";

 

 

    3

    

    

 

	 	1.1.11	“Sale Shares” means all Shares held by the Seller in the issued share capital
    of the Company, being -

 

	 	(a) 	10 (ten) Shares held by the Centre for Geosciences Research
Close Corporation;

 

	 	1.1.12 	"Schedule" means, as the case
    may be -

 

	 	(a)	Schedule 1 - Agreed Form
    Cession;
	 	 	 
	 	(b)	Schedule 2 - Agreed Form Arbitration
    Rules;

 

	 	1.1.13	"Shares"
    means ordinary par value shares of N$ 1,00 (one Namibian Dollar) each in the Company, whether issued at a premium or
    not;
	 	 	 
	 	1.1.14	"Subject
    Matter" means the Sale Shares and the Claims;
	 	 	 
	 	1.1.15 	"Signature
    Date" means the date of when the last of the Parties hereto has executed this Agreement by its signature;
	 	 	 
	 	1.1.16	"Transaction"
    means the sale and transfer of the Subject Matter, as contemplated in clause 2 of this Agreement;
	 	 	 
	 	1.1.17 	"Warranties"
    means the Seller's undertakings in clause 5.1, relating to the Transaction only.

 

Interpretation

 

	 	1.2	In this Agreement, unless the context indicates otherwise,
a reference to:

 

	 	1.2.1	this Agreement, any other agreement or an instrument
or any provision of any of them includes any amendment, variation or replacement of that agreement, instrument or provision;
	 	 	 
	 	1.2.2	a clause is a reference ,to a clause of this Agreement;
	 	 	 
	 	1.2.3	a statute or statutory provision includes a reference
to:-

 

	 	(a)	the statute or statutory provision as modified or re-enacted or both before or after the date of the Agreement; and

 

    4

    

    

 

	 	(b)	any subordinate legislation made under the statute or
statutory provision before the date of this Agreement;

 

	 	1.2.4	a person includes a reference to any natural person,
firm, body corporate, unincorporated association or partnership, joint venture, trust and unincorporated association, the
state or local government or regulatory department, body, instrumentality, agency, minister or the authority having jurisdiction
over any of the Parties;
	 	 	 
	 	1.2.5	a person includes a reference to that person's legal
personal representatives, executors, administrators, successors and substitutes (including, but not limited to, persons
taking by novation) and permitted assigns;
	 	 	 
	 	1.2.6	one gender includes all genders;
	 	 	 
	 	1.2.7	time is a reference to Namibian time as per the Namibian
Time Act, 1994, and the following construction shall apply to time matters:-

 

	 	(a)	if
                                         a period of time is specified and the period dates from a given day or the day of an
                                         act or event, it is to be calculated exclusive of that day and if a period of time is
                                         specified as commencing on a given day or the day of an act or event, it is to be calculated
                                         inclusive of that day;
	 	 	 
	 	(b)	if
                                         the time for performing an obligation under this Agreement expires on a day that is not
                                         a business day, time will be extended until the next business day;
	 	 	 
	 	(c)	a reference to a month is a reference to a calendar
month;
	 	 	 
	 	(d)	a
                                         reference to a day is a reference to any day;
	 	 	 
	 	(e)	a
                                         reference to a "Business Day" is a reference to any day other than a
                                         Sunday or public holiday in Namibia.

 

	 	1.3	Clause headings appear in this Agreement for
                                                                            reference purposes only and shall not be employed in the construction of the subject matter.

 

    5

    

    

 

	 	1.4	Any provision of this Agreement imposing a restraint,
prohibition, or restriction on the Parties shall be so construed that the Parties are not only bound to comply therewith,
but are also obliged to procure that the same restraint, prohibition, or restriction is observed by any third party engaged by,
or acting under the authority or with the consent of the Parties.
	 	 	 
	 	1.5 	Where any term is defined within the context of any
particular clause in this Agreement, the term so defined, unless it is clear from the clause in question that the term so defined
has limited application to the relevant clause only, shall bear the same meaning as ascribed to it for all purposes in terms of
this Agreement, notwithstanding that that term has not been defined in this clause 1.
	 	 	 
	 	1.6 	Where a word or phrase is specifically defined, other
parts of speech and grammatical forms of that word or phrase have corresponding meanings.
	 	 	 
	 	1.7	This Agreement shall be construed in accordance
with the laws of Namibia.

 

	2.	Sale and Purchase of Shares

 

Sale
and Purchase

 

	 	2.1. 	On the terms and the conditions of this Agreement, the
Seller hereby sells to the Purchaser, who hereby purchases from the Seller, one indivisible transaction, the Subject Matter. More
specifically, the Seller

 

	 	2.1.1	hereby sells 10 (ten) Shares in and all its Claims against
the Company, 

 

to the Purchaser.

 

Voetstoots

 

	 	2.2	The Parties record that to the extent that the sale
of the Subject Matter is or may, in substance, be regarded as a sale of the various stock owned by the Company, such stock
is sold as they stand and lie, in its actual condition, voetstoots, as found by the Purchaser on the Closing Date.

 

    6

    

    

 

No
Merger Notification

 

	 	2.3	The Parties record that they are satisfied that the
threshold for mergers within the meaning of chapter 4 of the Competition Act, 2003 is not met in that the turnover
and/or assets of the Parties as contemplated in the Regulations of the aforementioned legislation are insufficient to trigger
the requirement for merger notification.

 

	3.	Purchase Price

 

	 	3.1	In consideration for the sale and transfer of the Subject
Matter, the Purchaser shall pay the Purchase Price to the Seller as follows:

 

	 	3.1.1	$5,000 (five thousand United States dollars) within
3 (three) business days of the Signature Date;
	 	 	 
	 	3.1.2	$5,000 (five thousand United States dollars) within
45 (forty five) days of the Signature Date; and
	 	 	 
	 	3.1.3	$5,000 (five thousand United States dollars) within
90 days of the Signature Date.

 

	4.	Risk and Ownership

 

	 	4.1	All risk in and benefit of and from the Subject Matter
shall pass to the Purchaser on the Closing Date.
	 	 	 
	 	4.2	All rights of beneficial ownership and to the registration
of the Sale Shares into the name of the Purchaser shall pass to the Purchaser on the Closing Date.

 

    7

    

    

 

	5.	Further Conditions of Sale

 

Representations
and Warranties

 

	 	5.1	As on the Closing Date, the Seller represent and warrant
the following to the Purchaser:

 

	 	5.1.1	the Seller warrants that it is the only and true lawful
holder of the Sale Shares, and that —

 

		(a)	no
                                         persons have any right or option to acquire the Sale Shares;
	 	 	 
		(b)	none
                                         of the Sale Shares are subject to any cession, pledge or any other encumbrance; and
	 	 	 
		(c)	it
                                         is entitled and able to give free and unencumbered title of the Sale Shares to the Purchaser.

 

	 	5.2	The Seller has disclosed
    to the Purchaser all facts and circumstances within the Seller's
    knowledge which are material to the Purchaser or would be reasonably likely to be material to the Purchaser of the Sale Shares.
	 	 	 
	 	5.3	All information
    and documents provided to the Purchaser by the Seller prior to
    the Signature Date in the course of the negotiations leading to the execution of this Agreement was at the time it was so
    given, and is at the Signature Date, true, accurate and complete.
	 	 	 
	 	5.4	The Parties record
    that the Purchaser, in entering into this Agreement, relies upon
    the truth and accuracy of the representations and Warranties contained in clause 5.1.
	 	 	 
	 	5.5	Each of the Warranties
    shall be a separate Warranty. This notwithstanding, the Purchaser
    shall not be entitled to cancel this Agreement as a consequence of any breach by the Seller of any of the Warranties herein
    contained unless the breach is material and is incapable of being remedied by payment of compensation.
	 	 	 
	 	5.6	The Seller shall
    immediately disclose to the Purchaser any matter or thing which
    arises or of which any of them becomes aware after the Signature Date which is inconsistent with or a breach of any of the
    Warranties or which might render any of the Warranties misleading or would be material to the
    Purchaser as purchaser for value of the Sale Shares.

 

    8

    

    

 

	 	5.7	Any claims under the Warranty shall be made by the Purchaser
within 3 (three) months from the Closing Date.
	 	 	 
	 	5.8	The Seller will indemnify and hold the Purchaser harmless
from and against all losses, liabilities, damages, deficiencies, costs and expenses, which find their origin prior to the
Signature Date, including but not limited to reasonable attorneys' fees, which the Purchaser or the Company may incur, or for
which one or the other becomes liable for, as a result of or in connection with any Seller's misrepresentation or breach by any
of the Seller of any of the Warranties contained in this clause 5.

 

	6.	Closing Arrangements

 

	 	6.1	Within 3 (three) Business Days of the Signature Date,
the Purchaser shall pay the First Tranche of the Purchase Price into the Trust Account of the Legal Practitioners. The
Purchase Price shall be held by the Legal Practitioners in trust for the Purchaser until the Closing Date, when the Legal Practitioners
shall release and cause the payment of the Purchase Price to the Seller. For the purposes of the payment of the Purchase Price
to the Seller, the Seller shall advise the Legal Practitioners in writing of their respective account details.

 

Pre-Closing
Arrangements

 

	 	6.2	Within 3 (three) Business Days from the Signature Date,
the Seller shall deliver to the Legal Practitioners —

 

	 	6.2.1	a share transfer
    form in respect of such Seller's Sale Share,s, in a form acceptable to the Legal Practitioners, executed and signed by
    the Seller in blank, in terms of which the Seller (as transferor) agrees to transfer and transfers its portion of the Sale
    Shares to the Purchaser (as transferee);
	 	 	 
	 	6.2.2	the original share certificates of the Seller in respect of the Sale Shares, for the purposes
    of the Company cancelling same and re-issuing a new share certificate to the Purchaser;

 

    9

    

    

 

 

	 	6.2.3	an executed written resolution by the board of directors
of the Company approving the sale and transfer of the Sale Shares from the Seller to the Purchaser;
	 	 	 
	 	6.2.4	written resignation of Mulife Sikalumbu Siyambango as
a director of the Company, with effect from the Closing Date;
	 	 	 
	 	6.2.5	a cession of the Seller's Claims to the Purchaser, in
the agreed form as set out in Schedule 1, executed by each of the Seller;
	 	 	 
	 	6.2.6	such other documents as the Legal Practitioners may
reasonably require, 

 

(the "Seller's Closing Documents").

 

	 	6.3	The Seller's Closing Documents shall be held by the
Legal Practitioners in trust for the Seller until the Closing Date, when the Legal Practitioners shall release and deliver them
to the Purchaser. interest earned on the Purchase Price in the Trust Account, if any, shall accrue to the benefit of the Purchaser.

 

Closing

 

	 	6.4	Closing takes place when the Legal Practitioners deliver
the Seller's Closing Documents to the Purchaser or, subject to any instructions by the Purchaser, agree to hold such documents
for and on behalf of the Purchaser. Closing shall be recorded in a closing minute to be prepared and executed by the Legal Practitioners.
	 	 	 
	 	6.5	On or as soon as practically possible after the Closing
Date, the Legal Practitioners shall release the Purchase Price to the Seller.

 

Post
Closing Arrangements

 

	 	6.6	The Company shall, within 5 (five) Business Days of
the Closing Date:

 

	 	6.6.1	write up its register of members to reflect the Purchaser
as the sole holder of the Sale Shares; and

 

    10

    

    

 

	 	6.6.2	cause the payment of stamp duties on the share transfer
form as required by law;
	 	 	 
	 	6.6.3	cancel the share certificate of the Seller referred
to in clause 7.2;
	 	 	 
	 	6.6.4	issue a new share certificate to the Purchaser.

 

Closing
Agenda

 

	 	6.7	For the purposes
    of the Closing of the Transaction, the Legal Practitioners may prepare a closing agenda setting out the procedures,
    documents and further deliverables for Closing (the "Closing Agenda"). The Parties bind themselves to comply
    with all reasonable requests made by the Legal Practitioners pursuant to the Closing Agenda, and to provide the Legal Practitioners
    with such further information or documents as may reasonably be required by the Legal Practitioners to enable the Closing
    of the Transaction.

 

	7.	Closing Agent

 

Stipulatio
Alteri

 

	 	7.1	To the extent that
    the Legal Practitioners are not a party to this Agreement, this Agreement constitutes a contract for the benefit of
    a third party (stipulatio alteri) in favour of the Legal Practitioners to act for the Parties for the purposes of Closing,
    which benefit (and corresponding obligations) the Legal Practitioners may and shall be deemed to having accepted by their
    conduct of assuming the function as agent for the Closing as contemplated in clause 7 of this Agreement (the "Closing
    Agent").

 

    11

    

    

 

Independence
of Legal Practitioners as Closing Agent

 

	 	7.2	For the purposes of
    facilitating Closing, and irrespective of any other legal or professional relationship that may exist between the
    Legal Practitioners and any one or more of the Parties, the duties of the Legal Practitioners are strictly
    limited to those set out in this Agreement (specifically clause 6). Accordingly, it is agreed that the Legal Practitioners
    shall —

 

	 	7.2.1	act as a depository for the Purchase Price, the costs
for the Transaction and the Seller' Closing Documents;
	 	 	 
	 	7.2.2	be under no duty to any one of the Parties to take notice
of or enquire into the terms and provisions of any agreement (other than this Agreement) or any other legal relationship
existing between them;
	 	 	 
	 	7.2.3	not be regarded as an agent, trustee or fiduciary of
any one of the Parties; save to the extent that the Legal Practitioners shall, as recipient of any funds from the Purchaser,
be fully accountable to the Purchaser in terms of the provisions of the Legal Practitioners Act, 1995.

 

	 	7.3	In the performance of their duties under this Agreement,
the Legal Practitioners shall not be required to use or advance any of their own funds or property, or otherwise incur
any financial or taxation liability on their part.

 

Authorisations
and Taxes

 

	 	7.4	The Parties shall be required to obtain any and all
governmental authorisations and permissions that may be required for the purposes of the transaction contemplated in this
Agreement and as to enable the Legal Practitioners to perform their duties under this Agreement.
	 	 	 
	 	7.5	Each of the Parties shall, without any recourse to each
other or the Legal Practitioners, be liable for all their own tax consequences, returns, filings and invoicing obligations
(whether in the Republic of Namibia or elsewhere) arising for them on account of the entry into, the implementation of, and
the performance of this Agreement.

 

Notifications
to the Legal Practitioners

 

	 	7.6	The Legal Practitioners shall be entitled to rely on
any notification from the Parties which the Legal Practitioners in good faith believe to be authentic.

 

    12

    

    

 

Limitation
of Liability

 

	 	7.7	The Legal Practitioners shall not be liable to the Parties
for any error of judgment or for any acts done or steps taken by them in good faith in connection with this Agreement,
save for the Legal Practitioners' own gross negligence or wilful misconduct.
	 	 	 
	 	7.8	The Parties agree to indemnify and hold the Legal Practitioners
harmless from any costs, losses or damages (including legal fees) which the Legal Practitioners may incur or sustain as
a result of their performance as Closing Agent in terms of this Agreement except if such costs, losses or damages are due to the
gross negligence or wilful misconduct of the Legal Practitioners.

 

	8.	General

 

No
Variation

 

	 	8:1	No variation of this Agreement shall be valid unless
it is in writing and signed by or on behalf of each of the Parties.

 

Entire
Agreement

 

	 	8.2	This Agreement constitutes the full and complete consensus
between the Parties in relation to its subject matter and supersedes all prior negotiations, understandings and agreements
with respect thereto.

 

Severability
and Unenforceability

 

	 	8.3	If any provisions of this Agreement are found or held
to be invalid or unenforceable, the validity of all the remaining provisions of this Agreement will not be affected thereby;
the Parties agree to meet and review the matter and if any valid and enforceable means is reasonably available to achieve the
same object of the invalid provision, to adopt such means by way of variation of this Agreement

 

    13

    

    

 

Counterparts

 

	 	8.4	This Agreement may be executed by the Parties in one
or more counterparts which together shall constitute one document.

 

Supervening
Legislation

 

	 	8.5	Any present or future legislation which operates to
vary an obligation or right, power or remedy of a person in connection with this Agreement is excluded except to the extent
that its exclusion is prohibited or rendered ineffective by law.

 

No
Waiver

 

	 	8.6	The terms and conditions of this Agreement may be waived
wholly or in part by the Party benefiting by that Party providing written notice of such waiver. Unless expressly stated
otherwise in the notice of waiver, the waiver shall only apply to the particular terms and occasions in question.
	 	 	 
	 	8.7	The failure to exercise or delay in exercising a right
or remedy under this Agreement shall not constitute a waiver of the right or remedy or waiver of any other rights or remedies
and no single or partial exercise of any right or remedy under this Agreement shall prevent any further exercise of the right
or remedy or the exercise of any other right or remedy.
	 	 	 
	 	8.8	No waiver on the part of any Party of any rights arising
from any breach of any provision of this Agreement shall constitute or be construed as a waiver of rights in respect of
any subsequent breach of the same or any other provisions of this Agreement.

 

No
Cession or Assignment

 

	 	8.9	No Party shall cede, assign or transfer or purport to
cede, assign or transfer any of its rights or obligations under this Agreement, save where expressly permitted herein.

 

    14

    

    

 

Remedies
Cumulative

 

	 	8.10	Except as expressly provided in this Agreement, the
rights and remedies contained in this Agreement are cumulative and not exclusive of any rights or remedies provided by
law.

 

Time
of the Essence

 

	 	8.11	Any date, time or period referred to in this Agreement
shall be of the essence except only to the extent to which the Parties agree in writing to vary any date, time or period
in which event the varied date, time or period shall be of the essence.

 

Third
Parties

 

	 	8.12	A person who is not a party to this Agreement shall
have no rights to enforce any provision of this Agreement, but this shall not affect any right which exists or is available
apart from this Agreement.

 

Correspondence
and Notices

 

	 	8.13	All communications and notices —

 

	 	8.13.1	by the Purchaser to the Seller shall be in writing and
be addressed to:

 

Centre
for Geoscience Research Close Corporation

 

12
Reiherweg 

Hochlandpark

Windhoek,
Namibia

e-mail:
frontier@iway.na

telefax:
[.]

 

    15

    

    

 

	 	8.13.2	by the Seller to the Purchaser shall be in writing and
be addressed to:

 

African
Graphite Inc

 

318
N. Carson St.

Ste.
218, Carson City

NV
89701, USA

e-mail:
cliffbream@gmail.com

telefax:
[.]

 

	 	8.14	All communications and notices by the Parties to the
Company shall be in writing and addressed to:

 

Gazania
Investments Two Hundred and Forty Two (Proprietary) Limited

 

c/o
L8,13 Commercial Services (Proprietary) Limited

LA
Chambers

Dr
Agostinho Leto Road

Ausspannplatz

Windhoek

e
mail: cliffbream@grnail.com

telefax:
+264 61 379 701

 

	 	8.15	The Parties choose the physical addresses referred to
in clauses 8.13 and 8.14 as their domicilium citandi et executandi for all purposes under this Agreement whether
in respect of payment of money, the service or delivery of court or arbitration process, notices or other documents or all other
communications.
	 	 	 
	 	8.16	Any notice or communication required or permitted to
be given in terms of this Agreement will be valid and effective only if it is in writing, but, where, in terms of this
Agreement, any communication is required to be in writing, the term "writing" will include communications by
telefax and e-mail.
	 	 	 
	 	8.17	Any Party may by
    written notice to the other Party change its telefax number, e-mail address or the address chosen as its domicilium
    address, to another telefax number, address which is not constituted exclusively by a post office box address; such change
    will become effective on the 5th (fifth) business day from the deemed receipt of the notice by the addressee.

 

    16

    

    

 

	 	8.18	Any notice to a Party sent by prepaid registered post
in a correctly addressed envelope to it at its domicilium address will be deemed to have been received on
the 5th (fifth) business day after posting (unless the contrary is proved).
	 	 	 
	 	8.19	Any notice to a
    Party delivered by hand to a responsible person during ordinary business hours at its domicilium citandi  et
    executandi will be deemed to have been received on the day of delivery (unless the contrary is proved).
	 	 	 
	 	8.20	Any notice to a
    Party sent by telefax to its chosen telefax address or e-mail address, will be deemed to have been provided, unless
    the contrary is proved at 12h00 noon of the 1st (first) business day following the issuance, by the transmitting
    telefax machine, of a report confirming correct transmission of all the pages of the document containing the notice.
	 	 	 
	 	8.21	Notwithstanding anything to the contrary herein contained,
a written notice or communication actually received by a Party will be an adequate written notice or communication to it
notwithstanding that it was not sent to or delivered at its chosen domicilium citandi et executandi.

 

Obligations
of good faith

 

	 	8.22	Each Party is to act in good faith towards the other
Party including but not limited to being just and faithful in all activities in dealings with the other Party in relation
to the Agreement.
	 	 	 
	 	8.23	The Parties undertake to co-operate and consult with
one another in good faith with regard to the alleviation of any hardship which may be occasioned to either Party as a result
of any unforeseen circumstances arising after the Signature Date, and to support each other in the performance of all such actions
and to take all such steps as may be reasonably available to them and necessary for the maintenance and the execution and the
implementation of this Agreement.

 

Costs

 

	 	8.24	Except as otherwise provided for in this Agreement,
the Parties shall bear their own costs in the negotiation and implementation of this Agreement.

 

    17

    

    

 

Breach

 

	 	8.25	Should any of the
    Parties (hereinafter referred to as the "Defaulting Party") commit a breach of this Agreement, any
    of the affected Parties (hereinafter referred to as the "Affected Party") may give the Defaulting Party written
    notice to remedy such material breach.
	 	 	 
	 	8.26	In the event of the Defaulting Party failing to remedy
its breach within 14 (fourteen) days following such written notice, the Affected Party may, at its option, terminate this
Agreement.

 

Dispute
Resolution

 

	 	8.27	Any disputes which may arise out of or in connection
with this Agreement shall be referred to arbitration to be finally resolved by arbitration, which is subject to the conditions
set out hereinafter.
	 	 	 
	 	8.28	The arbitration shall be held in Windhoek in a summary
manner, in accordance with the agreed form Arbitration Rules, set out in Schedule 2.
	 	 	 
	 	8.29	The arbitration shall be held immediately with a view
of being completed within 21 (twenty one) business days after it is demanded.
	 	 	 
	 	8.30	The arbitration shall be held in terms of the applicable
Namibian arbitration laws.
	 	 	 
	 	8.31	The arbitrator shall be an independent person, and shall
be, if the question is:-

 

	 	8.31.1	primarily an accounting matter, an independent practising
chartered accountant in Namibia with not less than 10 (ten) years practical experience in private practice;
	 	 	 
	 	8.31.2	primarily a legal matter, a legal practitioner in Namibia
with not less than 15 (fifteen) years practical experience in private practice;
	 	 	 
	 	8.31.3	any other matter, and appropriately qualified independent person agreed upon by the Parties.

 

    18

    

    

 

	 	8.32	If within 7 (seven) business days after arbitration
has been demanded unanimous agreement can not be reached between the Parties on the identity of the arbitrator, then the
arbitrator shall be a legal practitioner with not less than 15 (fifteen) years practical experience in private practice agreed
upon between the Parties or, failing agreement, appointed by the President for the time being of the Law Society of Namibia.
	 	 	 
	 	8.33	The arbitrator shall decide the matter submitted to
him or her according to what he or she considers just and equitable in the circumstances, which shall include the aspect
of costs of the arbitration and, therefore, the strict rules of law need not be observed or taken into account by him or her in
arriving at his or her decision, subject thereto that any decision requiring the application of law shall be determined in terms
of Namibian law.
	 	 	 
	 	8.34	The Parties irrevocably agree that the decision in the
arbitration proceedings shall be final and binding on the Parties, shall be carried into effect by all the Parties, and
may be made an order of any court of competent jurisdiction in Namibia.

 

 

    19

    

    

 

 

    20

    

    

 

SCHEDULE
2

 

AGREED
FORM CESSION

 

CENTRE
FOR GEOSCIENCES RESEARCH CLOSE CORPORATION

 

AFRICAN
GRAPHITE INC.

 

GAZANIA
INVESTMENTS TWO HUNDRED AND FORTY TWO (PROPRIETARY) LIMITED

 

 

 

 

 

CESSION
OF CLAIMS

 

 

 

 

 

 

ENSafrica
|  Namibia (incorporated as Lorentz Angula Inc.)

3rd
Floor. LA Chambers, Ausspann Plaza, Dr Agostinho Neto Street, Windhoek, Namibia

Tel: +264 61 379 700 | Fax: +264 61 379 701

 

    21

    

    

 

PARTIES
TO THIS AGREEMENT

 

The
Parties to this Agreement are:

 

		(1)	CENTRE
                                         FOR GEOSCIENCES RESEARCH CLOSE CORPORATION, registration number CC/2007/2804, a close
                                         corporation incorporated under the laws of Namibia, having its registered address at
                                         12 Reiherweg, Hochlandpark, Windhoek, Namibia;

 

(hereinafter
referred to as the "Seller"),

 

		(2)	AFRICAN
                                         GRAPHITE INC., registration number NV20131522646, a company incorporated under the
                                         laws of the State of Nevada, having its principal place of business at 318 N. Carson
                                         St., Ste. 2018, Carson City, NC 89701;

 

(hereinafter
referred to as the "Purchaser"); and

 

		(3)	GAZANIA
                                         INVESTMENTS TWO HUNDRED AND FORTY TWO (PROPRIETARY) LIMITED, registration number
                                         2013/0744 a private company incorporated in terms of the laws of Namibia, having its
                                         principal place of business at 2nd Floor LA Chambers, Dr Agostinho Neto Road, Ausspannplatz,
                                         Windhoek (hereinafter referred to as the "Company").

 

	1.	Definitions

 

	 	1.1	In this Agreement, unless the context otherwise indicates

 

	 	1.1.1	"Agreement"
    means the written agreement termed "Agreement Relating to the Sale of Shares held in Gazania Investments Two Hundred
    and Forty Two (Proprietary) Limited”, entered into between the same parties as are parties to this Agreement, on or about
    [DATE];

 

	 	1.1.2	"Claims" has the same meaning
    as in the Agreement;

 

	 	1.1.3	"Closing Date" has the same
    meaning as in the Agreement.

 

    22

    

    

 

	2.	Cession and Delegation

 

	 	2.1	Pursuant to, and on the terms and conditions as set
out in the Agreement, the Seller hereby cedes its Claims to the Purchaser, and the Purchaser hereby accepts such Cession.
	 	 	 
	 	2.2	This Cession shall become effective on the Closing Date.

 

	3.	Consent

 

To
the extent required by law, the Company hereby consents to the cession referred to in clause 2.1.

 

	4.	Miscellaneous

 

	 	4.1	No variation of or addition to this Agreement will be
of any force or effect unless reduced to writing and signed by the Parties.
	 	 	 
	 	4.2	No waiver on the part of any Party of any rights arising
from any breach of any provision of this Agreement shall constitute or be construed as a waiver of rights in respect of
any subsequent breach of the same or any other provisions of this Agreement.
	 	 	 
	 	4.3	The Parties undertake to co-operate and consult with
one another in good faith with regard to the alleviation of any hardship which may be occasioned to either Party as a result
of any unforeseen circumstances arising after the commencement of this Agreement, and to support each other in the performance
of all such actions and to take all such steps as may be reasonably available to them and necessary, for the maintenance and the
execution and the implementation of this Agreement.

 

    23

    

    

 

 

    24

    

    

 

SCHEDULE
2

AGREED
FORM ARBITRATION RULES

 

In
these Rules

 

"Arbitrator'
means the arbitrator appointed pursuant to the provisions of the Agreement;

 

"Claimant'
means the person referring a dispute for decision to the Arbitrator and includes his or her legal practitioners.

 

'Respondent"
means the party against whom the Claimant proceeds, and includes his or her legal practitioners.

 

"Papers"
means any or all of the following: Statement of Claim, Statement of Defence and Reply, and includes all documentary evidence
and witness statements.

 

"Parties"
means persons who have submitted to arbitration in terms of these Rules, and includes both the Claimant and the Respondent,
and "Party" means either the Claimant or the Respondent.

 

"Rules"
means this document.

 

Commencement
and Referral of Disputes to Arbitration

 

	§
    1	Arbitration proceedings are commenced and referred to
the Arbitrator when the Claimant delivers a written notice of the dispute to the Respondent. The written notice shall bear the
heading "Statement of Claim".
	 	 
	§
    2	The Statement of Claim shall be delivered to the Respondent
or its legal practitioners by personal delivery, telefax or e-mail, but the Claimant shall take all reasonable steps to ensure
that the Respondent has received proper notice of the Statement of Claim.

 

    25

    

    

 

Requirements
for Statement of Claim 

 

	§
    3. 	A Statement of Claim shall have the following contents,
under the following clearly separated headings:-

 

	 	§ 3.1	Details of the Claimant;
	 	 	 
	 	§ 3.2	Details of the Respondent;
	 	 	 
	 	§ 3.3	A concise description of the facts material and relevant
to the dispute, which shall be broken down into respective paragraphs;
	 	 	 
	 	§ 3.4	The conclusions in fact and law, as claimed by the Claimant;
	 	 	 
	 	§ 3.5	The relief claimed by the Claimant from the Arbitrator.
	 	 	 
	 	§ 3.6	All documentary evidence which may prove the Claimant's
claim, cross-referenced to the Statement of Claim.
	 	 	 
	 	§ 3.7	Witnesses statements where evidence relies on or is
dependent on a witness, such statements to be signed and to be confirmed to be true, correct and complete by such witness.

 

Statement
of Defence

 

	§ 4	If the Respondent wishes to oppose the Claimant's claim
(or Counterclaim), the Respondent must deliver a written answer thereto, which shall bear the heading "Statement of
Defence" The Respondent shall provide the Statement of Defence within 5 (five) business days of receiving the Statement of
Claim to the Claimant or its legal practitioner. The provisions of § 2 relating to delivery of the Statement of Defence
likewise apply.

 

	§ 5	The Statement of Defence (or Counterclaim) shall contain
the following contents, under the following clearly separated headings:-

 

	 	§
    5.1	A concise answer to the contents to the Claimant's claim,
taking the form of a concise description of the facts material and relevant to the dispute, which shall as far as possible
follow the paragraphs of the Statement of Claim. The
Respondent shall as clearly as possible indicate which of the facts stated by the Claimant he admits, and which of the facts he
disputes.

 

    26

    

    

 

	 	§ 5.2	The conclusions in fact and law, as claimed by the Respondent;
	 	 	 
	 	§ 5.3	The relief claimed by the Respondent from the Arbitrator.
	 	 	 
	 	§ 5.4	All documentary evidence which may prove the Respondent's
defence, cross-referenced to the Statement of Defence or Statement of Claim, as the case may be.
	 	 	 
	 	§ 5.5	Witnesses statements where evidence relies on or is
dependent on a Witness, such statements to be signed and to be confirmed to be true, correct and complete by such witness.

 

Reply

 

	§ 6	if the Respondent
    raises new matters in his Statement of Defence, the Claimant may reply thereto within 3 (three) business days from
    receipt of the Statement of Defence, but otherwise on substantially the same basis as set out under §§ 3
    and 5. Such replying document shall bear the heading "Reply".

 

Ruling
by Default

 

	§ 7	If the Respondent has not opposed the Claimant's Statement
of Claim, or has not opposed any particular claim within the Claimant's Statement of Claim, the Arbitrator may:

 

	 	§
    7.1	accept the version of the Claimgrit as stated in the
Statement of Claim (or the particular claim within the Claimant's Statement of Claim, as the case may be), and may make
an appropriate ruling; or
	 	 	 
	 	§ 7.2	nevertheless require the Claimant to appear at a hearing,
interrogate, question and examine the Claimant, and make an appropriate ruling.

 

    27

    

    

 

Ruling
without Hearing

 

	§ 8	The Arbitrator may make a ruling without a hearing (or
any particular claim within the Claimant's Statement of Claim, as the case may be) if the following circumstances are present:-

 

	 	§
    8.1	the Arbitrator is satisfied that he can make such a
ruling on the basis of the information, documents and witness statements contained in the Papers; and
	 	 	 
	 	§ 8.2	if there is no material dispute on the facts stated
by both Parties, i.e. if it is materially only the conclusions of fact and the law (or the interpretation thereof) that
the Parties disagree on. The Arbitrator shall decide on the papers whether or not there is such a dispute on the facts.

 

Hearing

 

	§
    9. 	If the Respondent has opposed the Claimant's Statement
of Claim by filing a Statement of Defence, the matter is referred to a hearing at a date and time determined by the Arbitrator,
provided that the Arbitrator gives at least 3 (three) business days' notice of a hearing.

 

	 	§ 9.1	The Papers provided by the Parties form the basis for
the disputes at the hearing.
	 	 	 
	 	§ 9.2	At a hearing, the Arbitrator:

 

	 	(a)	hear both the Claimant and the Respondent (if they
so wish to be heard), and provide them with the appropriate opportunity to present their ease;
	 	 	 
	 	(b)	may but is not obliged to hear oral evidence and may allow either Party to present relevant
    witnesses and relevant proof;

 

    28

    

    

 

		(c)	shall
                                         allow either Party to be represented by its legal practitioners.

 

	 	§
    9.3	The purpose of the hearing is to ensure a speedy resolution
of the substance of the disputes between the Parties in the most efficient manner, without unnecessary leading of oral evidence,
postponements or procedural formalities. Accordingly, in conducting the hearing, the Arbitrator:

 

		(a)	shall
                                         have an active and inquisitorial function;

 

		(b)	shall
                                         actively curtail the proceedings;

 

		(c)	shall
                                         not be required to deal with or hear evidence on matters that are common cause between
                                         the Parties on the Papers, but shall give emphasis only on the outstanding disputes of
                                         facts;

 

		(d)	shall,
                                         where the evidence is inconclusive, be competent (but not be obliged) to make a ruling
                                         that he deems to be just and equitable.

 

Evidence

 

General

 

	§ 10. 	The Arbitrator shall not be required to follow the strict
rules of evidence under statutory or common law applicable in Namibia. Accordingly:

 

	 	§ 10.1	The witnesses statements annexed to the papers shall
form the primary basis of each Party's case.
	 	 	 
	 	§ 10.2 	There shall be no need to lead oral evidence, nor shall
there be any cross-examination of witnesses unless allowed by the Arbitrator on the specific request of either Party and on good
cause shown, it being the intention to reduce the leading of oral evidence and cross-examination to a minimum.

 

    29

    

    

 

	 	§
    10.3 	None of the statutory or common law rules on evidence
(including, for the avoidance of doubt, the hearsay rule) shall apply, but the Arbitrator shall weigh any and all evidence in
accordance with its relevance only.

 

Documentary
Evidence

 

	§
    11	Unless challenged by a Party on good cause shown, the
Arbitrator shall admit all documentary evidence as presented by the Parties on the basis that such documents are what they purport
to be.
	 	 
	§
    12	Either Party shall be obliged to deliver to the other
Party, in the cause of delivering its Statement of Claim, Statement of Defence or Reply, and as a separate bundle, any and all
documents, plans and photographs which are relevant and material to the matter, and which will prove or disprove either Party's
case.
	 	 
	§
    13	Documentary evidence not annexed to the Papers or not
disclosed pursuant to § 12 shall generally not be admissible to the hearing except on application by a Party and on good
cause shown to the Arbitrator.

 

Record
of Proceedings

 

	§
    14	The Arbitrator shall keep a record of the proceedings
at the hearing, but such record need not be a verbatim record of everything that was said at such hearing.

 

Rulings

 

	§
    15	The Arbitrator shall make his ruling withicl 3 (three)
business days from the date of the hearing.
	 	 
	§
    16	Rulings by the Arbitrator are made in writing, and shall
provide brief reasons for the ruling.
	 	 
	§
    17	The Arbitrator may resolve any procedural matter not
covered or not contemplated by these Rules by making an ad hoc ruling in this regard.

 

 

 30

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