Document:

Gold And Gemstone Mining Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

EXCLUSIVE JOINT VENTURE AGREEMENT

As entered into between:

AMONG:

Blue Orange Mining Limited
(As
represented by Mr. Waiter Michael Nel, CEO) 
Hereinafter referred to as:

("TheFirst Party”)

And

GGSM Mining Incorporated 
(As
represented by Ms. Charmaine King, CEO 
Hereinafter referred to as:

("The Second Party”)

	1. 	
      THE PARTIES ENTERING INTO THE
  AGREEMENT

This Joint Venture Agreement is made and entered into between
the following persons / entities:

Blue Orange Mining Limited, business registration number CA92
429, which is a company registered and incorporated under the laws of Ghana, and
where it is also domicile. The company is herein represented by its duly
authorized CEO, Mr. Michael Nel, passport number 540051130 GBR - and hereinafter
referred to as the First Party.

GGSM Mining Inc, business registration number EIN 98-0642269,
which is a company registered and incorporated under the laws of the United
States, where it is also domicile. The company is herein represented by its duly
authorized CEO, Ms. Charmaine King, passport number 058205977 USA - and
hereinafter referred to as the Second Party.

The above entities are referred to in this Joint Venture
Agreement, individually as "The Party" and jointly as "The Parties". This Joint
Venture Agreement shall hereinafter be referred to as the "Agreement", and shall
become effective on date of signature thereof by both Parties.

	2. 	
      BACKGROUND TO AGREEMENT

Whereas it is so noted for the record, that:

2.1 The Changing Tides Group of Companies is an international
group of specialized partner companies, covering a broad range of industry. The
Group also holds / is involved with the mining of a number of gold and diamond
concessions throughout Africa.

2.2 Lorenzo Mining Limited is a company, legally registered and
incorporated under the laws of Ghana, which holds the mining license to thirteen
(13) concessions.

2.3 This gold mining opportunity involves thirteen (13)
concessions which is situated in the infamous "Ashanti-belt" of Ghana; a region
which has been known for its rich gold deposits.

2.4 The related project and opportunity has been registered as
a business in Ghana, better known as Blue Orange Mining Limited, also referred
to herein as the First Party, and which holds the exclusive rights to mine the
said thirteen (13) concessions.

2.5 The First Party has complied with all legislation in Ghana
relating to the acquiring of the concessions and the rights to mine those same
concessions.

2.6 Administrative responsibilities and duties, such as the
registering of a local business, paying of taxes and the opening of a local bank
account, have been completed.

2.7 Geological surveys of the mining area / concessions, as
well as bulk sampling, had been conducted as per instructions of the First
Party.

2.8 The Second Party is a registered company in the United
States that conducts business in relation to the mining of gold and
diamonds.

2.9 The Second Party further represents a number of private
investors, but is also able to raise funding for particular and promising mining
operations in Africa.

2.10 The Second Party is currently busy with a process of
expanding its operations into Africa and has shown particular interest in the
thirteen (13) mining concessions in Ghana, of which exclusivity to mine it
belongs to the First Party.

2.11 The First Party has indicated his willingness to make the
said mining concessions available to the Second Party, on condition that the
Second Party is able to provide enough funding that will serve as
start-up-capital for this mining project.

2.12 That the Parties signatory to this Agreement, wishes to
enter into this Working Agreement for purpose of defining certain parameters of
their future legal obligations, by which they are bound to by a duty of
Non-Disclosure and Confidentiality in respect of technologies (IP), their
business network, sources, contracts and contacts.

2.13 The Parties are further eager to commit themselves to a
business relationship which shall be to the mutual and common benefit of both
the parties; and it is further agreed that the provisions of this Agreement
includes and is binding on any of their affiliates, subsidiaries, stockholders,
partners, co-ventures, trading partners, and other associated organizations
(herein after referred to as "Affiliates").

	3. 	
      DEFINITIONS

The following definitions are applicable:

3.1 "Patent Holder", shall mean either of the Parties who has
researched, developed, patented and or manufactured technology relating to gold
or diamond mining, irrespective of whether the domestic and global patenting of
such technology has been completed or are still being processed.

3.2 "Licensed Patents" shall mean any domestic and foreign
patents, patent applications as otherwise listed and held by either Party.
Licensed Patents shall also include divisions, continuations, re-issues,
re-examinations, substitutes, and extensions of the patents and patent
applications as they arise.

3.3 "Licensed Product(s)" shall mean newly developed mining
technology by either Party, any part thereof, including but not limited to its
design and method of use and operation, marketing research, roll-out strategies
and related sales techniques.

3.4 "Affiliate" of a Party means any person or entity that, at
any time during the term of this Agreement, directly or indirectly controls, is
controlled by, or is under common control with such Party, where "control" means
ownership of fifty percent (50%) or more of the voting power of the outstanding
voting securities (but only as long as such person or entity meets these
requirements).

3.5 "Licensee" shall mean any Third Party to whom either the
First or the Second Party has granted an Exclusive License Agreement in terms of
this Agreement.

3.6 "Sub-licensee" shall mean any other Party to whom the
Licensee or Assignee, has granted a Sub-license to.

3.7 "Mining" shall mean the mining of the gold concessions in
Ghana.

3.8 "Country" shall mean the country of Ghana, which is
situated in West-Africa.

3.9 "Government" shall mean the sovereign and legally elected
government of Ghana.

3.10 Taxes" shall mean amounts payable to the Government of
Ghana and in accordance with the tax laws of that country.

	4. 	
      WHATIS BEING AGREED TOIN
  THISAGREEMENT

NOW THEREFORE, in consideration of all the mutual
promises, assertions and covenants herein and other good and valuable
considerations, the receipts of which is acknowledged hereby, the Parties hereby
agrees asfollows:

4.1 The First and Second Party will, for the purposes of this
project for mining the thirteen (13) gold concessions in Ghana, as well as for
the subsequent extraction, refining, export and profiteering from the sales of
the gold, form a Joint Venture.

4.2 This Joint Venture will be situated inside the legally
registered entity, Blue-Orange- Mining Limited, Ghana.

4.3 The Joint Venture will be an equal 50/50 split in
the shareholding and control of the mining project between the First Party and
the Second Party.

4.4 Ms. Charmaine King will, for that purpose, be appointed as
a Director to the Board of Blue-Orange-Mining Limited, and 50% of shareholding
will be allocated to her to hold on behalf of GGSM Mining Incorporated.

4.5 Upon finalization and implementation of this contract and
project, a new Board of Directors for Blue-Orange-Mining Limited will beformed
asfollows:

	
  Ms Charmaine King: CEO holding 50% shares 

  
	
  Mr Martin Hall: Chairman holding 27% shares 

  
	
  Mr Waiter Michael Nel: Executive Director holding 20% shares 

  
	
  Mr Bright Kwame Degbor: Non-Executive Director holding 3% shares

4.6 Ms. Charmaine King, together with Mr Walther Nel, will
further become the counter-signatories to all banking and financial transactions
conducted by Blue-Orange- Mining Limited.

4.7 This Joint Venture will be affected on condition that the
Second Party is immediately able to raise and pay $5 million USD (five million
US Dollars) towards start-up capital for this intended mining project.

4.8 Of the $5 million USD (five million US Dollars), $500,000
US Dollars will be paid by the Second Party to the First Party nominated,
Solicitor's bank account, as an effective buy-in into the project- and to
acquire the so% shareholding both in the Joint Venture and in Blue-Orange-Mining
Limited.

4.9 The $4.5 million US Dollars that remains will be made
available to and used by the newly structured Blue-Orange-Mining Limited for the
immediate start-up of the three most lucrative of the thirteen (13) concessions,
and particularly for related mining equipment to be purchased and deployed on
site.

4.10 The mentioned $500,000.00 USD buy-in into the project will
be affected in two payments asfollows:

	The Second Party will pay a non-refundable deposit of $50,000.00 USD
  (fifty thousand dollars) over to the First Party within and no later than ten
  (10) business days after signature of Contract by both Parties. 

	The Second Party will pay the remaining $450,000.00 USD (Four Hundred and
  Fifty Thousand) over to the First Party within and no later than twenty one
  (21) business days after signature of Contract by both Parties. 

4.11 Failure by the Second Party to make due payment of any or
either of the amounts, and within the time period as set out in paragraph 4.10
supra, will immediately render this Contract null and void. The First Party
reserves and has within its rights to, upon failure by the Second Party to
effect any such payments, withdraw immediately from this Contract and to cancel
it immediately in its entirety. In such a case, any monies already paid over by
the Second Party to the First Party will be forfeited unconditionally.

4.12 The remaining $4.5 million USD must be available towards
project implementation and the purchase of mining equipment within 40 days of
signature of Contract. The Second Party does not have to pay this over to Blue
Orange Mining Limited and may choose to rather make direct payments towards
service providers for mining equipment and related services for this mining
project.

4.13 The Second Party will be wholly responsible for the
repayment of this initial $ s million investment to its funders /
investors, including any interest, dividends, profit share or other, and
irrespective of whether the Second Party effects this repayment from its so%
shareholding in Blue-Orange- Mining or from other sources. The First Party has
no responsibility or financial obligations towards the repayment of the $s
million USD by the Second Party to its investors.

4.14 However, subsequent loans and / or investments that is
acquired by Blue Orange Mining Limited for the expansion of the remaining ten
(10) concessions, will be the responsibility of the whole of the company, in
other words, the responsibility of both the First and the Second Party, and may
be repaid wholly first and foremost from any / all profits generated by
the mining operations of Blue-Orange-Mining Ltd.

4.15 GGSM Mining Limited will assume responsibility for and
hold all the rights in relation to the handling, export and / or selling of all
gold produced by the mining operations of Blue-Orange-Mining Limited.

4.16 The First and Second Party will combine efforts to
identify and appoint capable managers and workers to do the physical mining in
Ghana.

	5. 	
      FINANCIAL OBLIGATIONSAND COMMERCIALIZATION
    PLAN

5.1 In consideration of the Rights to be transferred to the
Second Party as a result of this Joint Venture Agreement, the Second Party
agrees to fulfill its financial obligations to the First Party on the due dates
and as were indicated in the above paragraphs. The time frames in which the
Second Party must effect payment to the First Party has been noted and agreed to
in this Contract.

5.2 The First Party reserves all rights to immediately cancel
and withdraw from this Agreement upon failure by the Second Party to effect
payments on the indicative, agreed upon dates. Such failure of payment by the
Second Party to the First Party will render this Contract null and void, and any
such monies already paid over by the Second Party to the First Party will be
forfeited unconditionally.

	6. 	
      RECORDS REPORTS AND
PAYMENTS

6.1 The Newly formed Blue Orange Mining Limited will be
obligated to: (a) keep adequate and sufficiently detailed records to enable the
company's financial obligations as required under this Agreement to be readily
determined; and (b) within forty-eight (48) hours provide such records for
inspection and copying to the First Party's authorized representatives, with
reasonable notice, at any time during the Newco's regular business hours.

6.2 The Newly formed Blue Orange Mining Limited shall be
obligated to provide all auditing, financial and other business records to the
board of Directors of GGSM Mining Limited on a three-monthly basis or at any
other time when reasonably so requested.

	7. 	
      EXCLUSIONS

7.1 There are no exclusions of rights to either Party in
respect of this Joint Venture Agreement.

	8. 	
      INFRINGEMENT BY THIRD
PARTIES

8.1 The Parties shall promptly give notice in writing to each
other of any known, actual or potential infringement of any stipulation of this
Agreement. In the event any Licensed Patents are infringed on by an unlicensed
third party, the Parties shall have the right to abate or prevent such
infringement as follows.

8.1.1 The First Party shall have the
primary right, but not the obligation, to take appropriate action in connection
with any proceeding or suit to abate or to prevent an infringement. Before
commencing any action to abate or to prevent the infringement, the First Party
will further consult with the Second Party to determine if they also wish to
enter into such suit. The Second Party shall have the right to be represented by
counsel at the suit proceedings and to participate therein at its own cost, but
shall not have the right to control the suit. The Second Party agrees to
cooperate with, and give reasonable assistance to the First Party in abating or
preventing any such infringement.

8.1.2 The cost and expenses of all
suits brought by the First Party shall be equally shared by both Parties out of
any settlement amount, damages or other monetary awards recovered in favor of
the First Party and/or the Second Party. As a result, the First Party shall be
entitled to receive and retain for its own use and benefit any settlement amount
or remaining damages awarded in such suit, less such reasonable costs and
expenses associated with such suit. In the event that the Second Party refuses
to join, co-operate and give reasonable assistance to the First Party, then all
settlement amounts, damages or other monetary awards, if any, shall exclusively
belong to the First Party.

8.1.3 Under Section 8.1 above, if First
Party do not take appropriate action to abate or prevent an infringement within
one hundred twenty (30) days after receiving notice, the Second Party is
empowered, or has the right, with the written authorization of First Party,
which will not be unreasonably denied, to file suit in its own name by counsel
of its choice to the extent provided by applicable laws, rules and regulations,
provided no settlement or consent judgment or other voluntary final disposition
of the infringement suit is entered into without the approval of the First
Party, which will not be unreasonably withheld.

8.1.4 In First Party authorized
infringement suits brought solely by the Second Party pursuant to Section 8.1.3
above, the Second Party shall not be acting as the agent, or in any way on
behalf of the First Party. In such suits, the First Party shall provide
reasonable assistance to the Second Party to abate or prevent the
infringement.

8.2 In First Party authorized infringement suits brought solely
by the Second Party pursuant to 8.1.3 above, all costs and expenses associated
therewith shall be the responsibility of the Second Party alone, and in such an
event, all settlements, damages or other monetary awards shall be deemed as
Sublicensing Revenue.

8.3 The First Party shall have the right to be represented by
counsel of its choice in any infringement proceeding or suit taken by the Second
Party pursuant to Section 8.1.3 above.

	9. 	
      REPRESENTATIONS AND
WARRANTIES

9.1 The First Party represents and warrants that it is
authorized to grant the rights, shares and other privileges as granted by this
Exclusive Joint Venture Agreement.

9.2 The First Party represents and warrants that it has no
knowledge of any infringement claims filed against it in relation to the
concessions it holds and on which it intends to commence mining for gold.

9.3 The Second Party warrants that they have the Financial
Capability to buy-into and fund this proposed Joint Venture, and further that they will not grant any rights
inconsistent with the terms and scope of this Agreement.

9.4 The First Party agrees to indemnify, defend and hold
harmless, the Second Party its officers, agents and employees from all liability
involving any possible violation relating to the granting of this Joint Venture
Agreement by the First Party to the Second Party.

9.5 The Second Party acknowledge that it indemnifies, defend
and hold harmless the First Party, its officers, agents and employees, from all
liability involving possible violation of U.S. laws or those of other countries
in relation to mining and engaging in business in Ghana.

	10. 	
      PATENTS AND TECHNICAL
ASSISTANCE

10.1 The First Party shall have exclusive responsibility for
the preparation, filing, prosecution and maintenance of the Licensed Patents,
including choice of patent counsel. However, the First Party shall keep the
Second Party informed of any patent prosecution, will seek their comments and
suggestions prior to taking material actions for the same, and will take all
reasonable prosecution actions recommended by the Second Party that would expand
the scope of the rights sought.

	11. 	
      NOTICES AND PAYMENTS

All notices and reports shall be addressed to the Parties as
follows:

	11.1 	TheFirst Party: 	ForAttention Mr.Waiter Michael Nel 
	  	  	No 2 Brox Road, Ottershaw, Surrey 
	  	  	KT16 OHL, United Kingdom 
	  	  	(Email: michaelnel64@gmail.com) 
	  	  	  
	11.1 	The Second Party: 	Ms. Charmaine King 

11.2 The new Board of Directors for Blue-Orange-Mining Limited
shall give notice of all financial obligations due to the First Party and Second
Party to the above mentioned physical and email addresses.

11.3 All such payments shall be accompanied by documentation
identifying this Agreement, including the Agreement Number and the names of the
Parties. A copy of all financial obligations shall be sent to the First Party at
the above address as set out in paragraph 10.1 supra. The First Party will NOT
send invoices for payments due on a fixed schedule. It is the responsibility of
the Second Party to make all payments in accordance with this Agreement and all
late payments will be charged interest in accordance with this Agreement.

11.4 Any notice, report or any other communication required or
permitted to be given by one Party to the other Party by this Agreement shall be
in writing and either: (a) sent by email to the email address determined above;
(b) served personally on the other Party; (c) sent by express, registered or
certified first-class mail, postage prepaid, addressed to the other Party at its
address as indicated above, or to such other address as the addressee shall have
previously furnished to the other Party by proper notice; (d) delivered by
commercial courier to the other Party; or (e) sent by facsimile to the other
Party at its facsimile number indicated above or to such other facsimile number
as the Party shall have previously furnished to the other Party by proper
notice, with machine confirmation of transmission.

	12. 	
      AGREEMENT NOT TODEAL WITHOUT
  CONSENT

The intending Parties hereby irrevocably bind themselves and
guarantee to each other that they shall not directly or indirectly interfere
with, circumvent or attempt to circumvent, avoid, by-pass or obviate each
other's interest or the interest or relationship between "The Parties"
with procedures, seller, buyers, brokers, dealers, distributors,
refiners, shippers, financial instructions, technology owners or manufacturers,
to change, increase or avoid directly or indirectly payments of established or
to be established fees, royalties, commissions or continuance of pre-established relationship or intervene in non-contractual
relationships with manufacturers or technology owners with intermediaries
entrepreneurs, legal counsel or initiate buy/sell relationship or transactional
relationship that by-passes one of "The Parties" to one another in
connection with any current, ongoing and / or any future transaction relating to
the mining operations of Changing Tides and Blue Orange Mining Limited in
Ghana.

	13. 	
      AGREEMENT NOT TO DISCLOSE

The Parties irrevocably agree that they shall not disclose or
otherwise reveal directly or indirectly to a third party any confidential
information provided by one party to the other or otherwise acquired,
particularly contract terms, technology, product information, Intellectual
Property or manufacturing processes, prices, fees, financial agreement,
schedules and information concerning the identity of the concession holders,
sellers, producers, buyers, lenders, borrowers, brokers, distributors, refiners,
manufacturers, technology owners, or their representative and specifically
individuals names, addresses, principals, or telex/fax/telephone numbers,
references product or technology information and/or other information advised by
one party(s) to be one another as being confidential or privileged without prior
specific written consent of the party(s) providing such information, except to
the extent that the recipient Party can establish competent written proof that
such information:

13.1 were in the public domain at the time of disclosure;

13.2 later became part of the public domain through: (A) no act
or omission of the recipient, its employees, agents, successors or assigns and
(B) no breach by a third party with an obligation of confidentiality to the
disclosing Party;

13.3 were lawfully disclosed to the recipient Party by a third
party having the right to disclose it;

13.4 were already known by the recipient Party at the time of
disclosure which can be shown by competent evidence;

13.5 was independently developed by the recipient Party without
the utilization of the other Party's protected property and information; or

13.6 is required by law or regulation to be disclosed, provided
however, that the disclosing Party shall first give the recipient written notice
and adequate opportunity to object to such order for disclosure or to request
confidential treatment.

	14. 	
      AGREEMENT NOT TO
CIRCUMVENT

The Parties agree not to circumvent or attempt to circumvent
this Agreement in an effort to gain business, fees, commissions, remunerations
or considerations to the benefit of one or more of "The Parties"
while excluding the other or agree to benefit to any other party.

	15. 	
      AGREEMENT TO INFORM

In specific transactions or business dealings where one of
"TheParties", acting as an agent, allows the buyers or buyer's
mandate, and the seller to deal directly with one another, the agent shall be
informed of the development of the transactions by receiving copies of the
correspondence made between the buyer or buyer's mandate and the seller.

	16. 	
      ENTITIES OWNED OR
CONTROLLED

This Agreement shall be binding upon all entities owned or
controlled by a party and upon the principal(s), employee(s), assignee(s),
family and heirs of each party. Neither party shall have the right to assign
this Agreement without the express written consent of the other party.

	17. 	
      TERM OF AGREEMENT

17.1 This Agreement in its entirety shall be valid from the
date of signature thereof.

17.2 This Agreement shall remain in place and can only be
terminated upon written agreement between all the Parties signatory hereto.

	18. 	
      FORCE MAJEURE

A party shall not be considered or adjudged to be in violation
of this Agreement when the violation is due to circumstances beyond its control,
including but not limited to acts of God, acts or omissions of any government or
agency thereof, compliance with rules, regulations, or orders of any
governmental authority or any office, department, agency, or instrumentality
thereof, fire, storm, flood, earthquake, accident, acts of the public enemy or
terrorism, war, rebellion, insurrection, riot, sabotage, invasion, quarantine,
restriction, transportation embargoes, failures or delays in transportation, or
appropriation of the privileged information or contract(s) without the
intervention oT assistance of one or more of "The Parties". The
circumstances surrounding such failure or omission shall be communicated to the
affected Party in writing within fifteen (15) business days of such event.

	19. 	
      ARBITRATION

19.1 This Agreement shall be governed by and interpreted in
accordance with the laws of the United States and Ghana. All disputes arising
out of or in connection with this Agreement shall be referred to a process of
Arbitration in Ghana or the United States for final settlement and under the
Rules of Arbitration.

19.2 Every award shall be binding on "TheParties"
and enforceable by Law.

19.3 By submitting the dispute to arbitration under these
rules, "The Parties" undertake to carry out any award
without delay and shall be deemed to have waived their right to any form of
recourse insofar as such waiver can validly be made.

19.4 Each of "The Parties" subject to the
declared breach shall be responsible for their own legal expenses until an award
is given or settlement is reached, provided however, that "The Party"
found in default by "The Arbitrator(s)" shall compensate
in full the aggrieved party, its heirs or assignees for the total remuneration
as awarded and as a result of business conducted with "TheParties"
covered by this Agreement, plus all its arbitration costs, legal
expenses and other charges and damages deemed fair by "The Arbitrator(s)"
for bank, lending institutions, corporations, organizations,
individuals, lenders, or borrowers, buyers or sellers that were introduced by
the named party, notwithstanding any other provisions of the award.

	20. 	
      BREACH OF AGREEMENT/TERMINATION OF
  CONTRACT

20.1 Either Party shall have the right to terminate this
Agreement with probable cause and without judicial resolution: upon written
notice to the other after the non-breaching Party notifies the asserted
breaching Party of a breach of any provision of this Agreement and the asserted
breach has not been cured by the asserted breaching Party within sixty (6o)
calendar days from receipt of such notice ("Cure Period"). If at the end of the
Cure Period the asserted breach has not been cured and there remains a dispute
or controversy, the Parties may agree to seek to resolve the matter through the
use of the procedures as set forth in this Agreement, but the aggrieved Party
reserves the right to terminate this Agreement immediately.

20.2 The Second Party hereby agrees that in the event of and by
its own actions or the action of any of its shareholders or creditors (if
applicable), files or has filed against it, with an order for relief being
entered, a case under the Bankruptcy Code of 1978, as previously or hereafter
amended, the First Party shall be entitled to relief from the automatic stay of
Section 362 of Title 11of the U.S. Code, as amended, on or against the exercise
of the rights and remedies available to the First Party; and the Second hereby
waives the benefits of such automatic stayand consents and agrees to raise no
objection to such relief. The Second Party further agrees that the First Party,
at its sole discretion, may immediately terminate this Agreement by means of a
written notice to the Second Party in the event that a creditor or other
claimant takes possession of, or a receiver, administrator or similar officer is appointed over any of the assets of the Second Party, or in the event that the Second Party makes any voluntary arrangement with its creditors or becomes subject to any court or administration order pursuant to any U.S. Bankruptcy
proceeding or insolvency law. The Second Party will promptly inform the First Party of its intention to file a voluntary petition in bankruptcy or of another's communicated intention to file an involuntary petition in bankruptcy.

20.3 It is furthermore such agreed and so recorded that this Agreement will be cancelled immediately and so become null and void in the case of non-performance by the Second Party in relation to any of the stipulations and financial obligations as
set forth in this Agreement.

	
21. 		
RIGHTS OF ALL PARTIES AFTER TERMINATION OF AGREEMENT

	

21.1 Neither Party shall be relieved of any obligation or liability under this Agreement arising from any act or omission committed prior to the date of termination.

21.2 The rights and remedies granted herein, and any other rights or remedies which the Parties may have, either in law or in equity, are cumulative and not exclusive of others. On any termination, the Second Party shall duly account to the First
Party and transfer to it all rights (including but not limited to the initial use of Intellectual Property) to which the First Party may be entitled under this Agreement.

	
22. 		
REPRESENTATIONS AND WARRANTIES

	

22.1 The failure of a party at any time to enforce any provisions of this Agreement or to exercise any right or remedy shall not be construed to be a waiver of such provisions or of such rights or remedy or the right of that party thereafter to
enforce each and every provision, right or remedy.

22.2 The waiver of a specific breach hereunder may be effectuated only by a written document, signed by the waiving Party, and delivered to the breaching Party. Such formal waiver shall not constitute a waiver of any other breach.

	
23. 		
ENTIRE AGREEMENT AND LEGAL AMENDMENTS

	

23.1 The Parties expressly understand and agree that this instrument contains the entire agreement between the Parties with respect to the subject matter of this Agreement and that all prior representations, warranties, or agreements relating to
this subject matter have been merged into this instrument and are thus superseded in totality by this Agreement. This Agreement may be amended only by a written instrument signed by the dulyauthorized representatives ofboth oftheParties.

23.2 The Parties agree that if any part, term, or provision of this Agreement shall be found illegal or in conflict with any valid controlling law, the validity of the remaining provisions shall not be affected thereby.

23.3 In the event the legality of any provision of this Agreement is brought into question because of a decision by a court of competent jurisdiction of any country in which this Agreement applies, either party, by written notice to the other party,
may revise the provision in question or may delete it entirely so as to comply with the decision of said court.

	
24. 		
HEADINGS

	

The headings for the Sections set forth in this Agreement arestrictly forthe convenience of the Parties hereto and shall not be used in any way to restrict the meaning or interpretation of the substantive language of this Agreement.

	
25. 		
COUNTERPARTS

	

This Agreement may be executed in separate counterparts, each of which so executed and delivered shall constitute an original, but all such counterparts shall together constitute one and the same instrument. Any such counterpart may comprise one or
more duplicates or duplicate signature pages, any of which may be executed by less than all of the Parties, provided that each
Party executes at least one such duplicate or duplicate signature page. The
Parties stipulate that a photo static copy of an executed original will be
admissible in evidence for all purposes in any proceeding as between the
Parties.

	26. 	
      TRANSMISSION OF THIS
AGREEMENT

EDT (Electronic Document Transmissions) shall be deemed valid
and enforceable in respect of any provisions of this contract. As applicable,
this agreement shall be:

Incorporate U.S. Public Law 106-229, 'Electronic Signature in
Global and National Commerce Act' or such other applicable law conforming to
UNCITRAL Model Law on Electronic Signatures (2001) and ELECTRONIC COMMERCE
AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations Centre
for Trade Facilitation and Electronic Business (UN/CEFACT). EDT documents shall
be subject to European Community Directive No.95/46/EEC, as applicable.

Either party may request hard copy of any document that has
been previously transmitted by electronic means provided however, that any such
request shall in no manner delay the parties from performing their respective
obligations andduties under EDT instruments.

# Electronic signature of this document is accepted by both
Parties and thus deemed valid with the same legal standing as an original hand
signature # Each representative is signing below and guarantees that he/she is
duly empowered by his/herrespectively named companytoenterintoandbebound
bythecommitments and obligations contained herein either as individual,
corporate body or on behalf of a corporate body.

Signed and dated on this, the 28th day of November
2012:

	The First Party: 	28 November, 2012 
	/s/ Mr. Michael Nel 	 
	Mr. Michael Nel 	  
	CEO Blue Orange Mining Limited 	  
	  	  
	  	  
	  	  
	  	  
	The Second Party: 	28 November, 2012 
	/s/ Ms. Charmine King 	 
	Ms. Charmine King 	  
	CEO GGSM Mining Incorporated 	  
	  	  
	  	  
	  	  
	Witnessed: 	28 November, 2012 
	/s/ Mr. Martin Hall	 
	Mr. Martin Hall: 	  
	President, The Changing Tides GroupEXHIBIT 10.1

 

NEIMAN MARCUS, INC. CASH INCENTIVE PLAN
 (Effective November 29, 2005, as amended and restated as of October 1, 2012)

 

Section 1.  Purpose.

 

The purpose of this Neiman Marcus, Inc. Cash Incentive Plan (this “Plan”) is to aid Neiman Marcus, Inc. (f/k/a Newton Acquisition, Inc.) and its affiliates (the “Company”) in providing a corporate benefit to key professionals of The Neiman Marcus Group, Inc. and its affiliates (the “Employer”) to align their interests and motivations with the commercial goals of the Company.

 

Section 2.  Certain Definitions.

 

(a)  “Bonus Pool” shall mean $14 million, less the amount payable, if any, to Burton M. Tansky pursuant to Section 5(c)(ii) of his employment agreement with the Company, entered into on or about October 6, 2005, as amended from time to time in accordance with the terms thereof (including, without limitation, pursuant to the Director Services Agreement, amended as of October 31, 2011).

 

(b)  “Cash Bonus” shall mean, with respect to a Participant, such Participant’s Pro Rata Portion of the Bonus Pool.

 

(c)  “Cause” shall have the meaning set forth in the Management Stockholders’ Agreement.

 

(d)  “Change of Control” shall have the meaning set forth in the Management Stockholders’ Agreement.

 

(e)  “Committee” means the Board of Directors of the Company or any committee the Board of Directors may designate from among its members to administer this Plan.

 

(f)  “Common Stock” means the common stock of the Company, par value US$0.01 per share.

 

(g)  “Eligible Employee” means each individual other than Burton M. Tansky who has been granted an Option.  The Eligible Employee(s) shall be set forth on Schedule A hereto, which Schedule A shall be updated from time to time as the Committee shall deem necessary and appropriate to reflect the Eligible Employee(s) who may become entitled to a Cash Bonus.

 

(h)  “Employer” has the meaning set forth in the preamble to this Plan.

 

(i)  “Incentive Plan” means the Company’s Management Equity Incentive Plan.

 

(j)  “Initial Public Offering” shall have the meaning set forth in the Incentive Plan.

 

(k)  “Majority Stockholder” shall have the meaning set forth in the Management Stockholders’ Agreement.

 

 

(l)  “Management Stockholders’ Agreement” shall mean the Management Stockholders’ Agreement, dated as of October 6, 2005, by and among the Company, the Majority Stockholder, and the Management Stockholders (as defined therein).

 

(m)  “Option” shall mean any option to purchase Common Stock granted on November 29, 2005 under the Incentive Plan, and each additional option (or portion thereof) granted under the Incentive Plan thereafter if and to the extent determined by the Committee in its discretion after consultation with the Chief Executive Officer of the Company.  The Options shall be set forth on Schedule A hereto, which Schedule A shall be updated from time to time as the Committee shall deem necessary and appropriate to reflect the Options to be included for purposes of calculating the Cash Bonus to which an Eligible Employee may become entitled.

 

(n)  “Participant” shall mean each Eligible Employee who is either employed as of the Payment Event or was terminated without Cause within the six-month period immediately preceding the Payment Event.

 

(o)  “Participant Holdings” shall mean, except as otherwise set forth on Schedule A hereto, the sum of (A) the aggregate number of Shares held by all Participants (or their Permitted Transferees) employed by the Employer as of the Payment Event as a result of the previous exercise of Options, (B) the aggregate number of Shares underlying outstanding vested and unvested Options held by all Participants (or their Permitted Transferees) employed by the Employer as of the Payment Date, (C) the aggregate number of Shares held on the date of termination by all Participants (or their Permitted Transferees) whose employment was terminated without Cause within the six-month period immediately preceding the Payment Event as a result of the previous exercise of Options and (D) the aggregate number of Shares underlying vested Options held on the date of termination by all Participants (or their Permitted Transferees) whose employment was terminated without Cause within the six-month period immediately preceding the Payment Event.

 

(p)  “Payment Event” shall mean the earlier to occur of a Change of Control or an Initial Public Offering, subject to the provisions of Section 4.

 

(q)  “Permitted Transferee” shall have the meaning set forth in the Incentive Plan.

 

(r)  “Pro Rata Portion” shall mean, except as otherwise set forth on Schedule A hereto, as of the Payment Event:

 

(i)    In the case of a Participant employed with the Employer on the Payment Event, the portion of the Bonus Pool that bears the same ratio as the sum of the Shares underlying outstanding vested and unvested Options held by such Participant (or his Permitted Transferees) plus any Shares held by such Participant (or his Permitted Transferees) as a result of the previous exercise of Options bears to the Participant Holdings; and

 

(ii)  In the case of a Participant whose employment was terminated without Cause within the six-month period immediately preceding the Payment Event, the portion of the Bonus Pool that bears the same ratio as the sum of the Shares underlying the vested Options held by such Participant (or his Permitted Transferees) on the date of termination plus any Shares held by the Participant (or his  Permitted Transferees) on the date of termination as a result of the previous exercise of Options bears to the Participant Holdings.

 

(s)  “Shares” shall mean shares of Common Stock.

 

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Section 3.  Administration.

 

This Plan shall be administered by the Committee, which shall have full discretion to administer this Plan, including but not limited to discretion (A) to determine all questions related to a Participant’s entitlement to receive the Cash Bonus, (B) to interpret and construe any provision of this Plan, and (C) to adopt, amend, or rescind any rules and regulations for the operation and administration of this Plan.  Decisions of the Committee shall be final and binding for all purposes.  None of the Company, the Employer, the Committee, or any member of the Committee, shall be liable to any party for any action, omission, or determination relating to this Plan.  This Plan shall be administered at the expense of the Company.

 

Section 4.  Cash Bonuses.

 

(a)           Subject to the terms of this Plan, upon the occurrence of the Payment Event, each Participant shall be entitled to a Cash Bonus, provided that the internal rate of return to the Majority Stockholder in respect of their direct and indirect investment in the Company is positive.  The Majority Stockholder’s internal rate of return shall be calculated in the case of an Initial Public Offering as if the Majority Stockholder sold all of its direct and indirect equity interests in the Company at a per share price equal to the Initial Public Offering price or, in the case of a Change of Control, based on the value of its equity interests implied by the transaction giving rise to the Change of Control, and in each case, taking into account all investments made directly or indirectly in the Company, all management and transaction fees paid by the Company or its subsidiaries to the Majority Stockholder and all expenses incurred by the Majority Stockholder in connection with the investment.

 

(b)           In no event shall a Participant be entitled to receive a Cash Bonus (A) prior to the Payment Event and (B) unless and until the Committee in its sole discretion determines that the conditions set forth in Section 4(a) above have been satisfied with respect to such Participant.

 

Section 5.  Payment.

 

(a)           The Company shall pay each Participant the Cash Bonus as soon as administratively practical following, but in all cases within two and a half months of, a Payment Event.

 

(b)           The Company shall deduct from all payments and distributions under this Plan any required federal, state, or local government tax withholdings.

 

(c)           The Company may, if the Committee in its sole discretion shall so determine, offset any amounts that a Participant may owe to the Company or the Employer against any distribution of the Cash Bonus that would otherwise have been made to the Participant.

 

Section 6.  General Provisions.

 

(a)   No Right to Continued Employment.  Nothing contained in this Plan shall confer upon the Participant any right with respect to the continuation of his or her employment by the Employer, or interfere in any way with the right of the Employer at any time to terminate such employment or to increase or decrease the compensation of the employee or Participant.  No person other than the  Participants shall have any claim or right to participate in this Plan.  Any conditional grant by the Company to any Participant of any Cash Bonus contemplated herein shall neither require the Company to make any additional grant to such Participant or any other Participant or other person at any time nor preclude the Company from making subsequent grants to such Participant or any other Participant or other person at any time.

 

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(b)  Participation in Other Plans.  Nothing in this Plan shall be deemed to entitle a Participant to participate in, nor prohibit nor restrict any Participant participation in, any other plan, program, or arrangement maintained by the Company or the Employer.

 

(c)  Amendment; Termination.  The Company may at any time, in its sole discretion, terminate or amend this Plan, provided that any such termination or amendment shall not impair or adversely affect an Eligible Employee’s rights under this Plan without such Eligible Employee’s written consent.

 

(d)  Section 409A.  The intent of the Company and the Employer is that the payments and benefits under this Plan be exempt from Section 409A of the Code and the regulations and guidance promulgated thereunder, and to the maximum extent permitted, the Plan shall be interpreted accordingly.  Notwithstanding any provision herein to the contrary, the Committee may, in its sole discretion, change the form and timing of any distribution or otherwise modify the terms of this Plan in order to comply with applicable law, including, without limitation, in order to avoid adverse tax treatment to any Participant under Section 409A of the Code; provided that the Committee shall use commercially reasonable efforts to put the Participants in the same position as they would have been in but for the application of this Section 6(d).

 

(e)  Unfunded Status of Plan.  The Company shall not have any obligation to establish any separate fund or trust or other segregation of assets to provide for payments under this Plan.  To the extent any person acquires any rights to receive payments hereunder from the Company, such rights shall be no greater than those of an unsecured creditor.

 

(f)  Governing Provisions.  The provisions of this Plan shall govern in all respects the allocation, distribution, and nature of the Cash Bonuses, and shall supersede all prior written agreements and negotiations and oral understandings regarding such Cash Bonuses, if any.

 

(g)  Governing Law.  This Plan and the rights of all persons under this Plan shall be construed and administered in accordance with the laws of the State of Delaware, without regard to its conflict of law principles.

 

(h)  Effective Date.  This Plan is effective as of November 29, 2005, as amended and restated as of October 1, 2012.

 

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