CONTRACT CODE: MAFBS/4/2019

SELLER CODE: MAFBS/FTTLS/4/2016-2019

BUYER CODE:

Memorandum of Understanding

Between

GLOBAL TRADING MINING COMPANY LTD

Company Name: GLOBAL TRADING MINING COMPANY LTD

Represented By: Mr. Katz Michael
Address: 6246 Douala-Cameroun
License Number
Telephone: (+237) 680499662 / +13232078158
Email address: [email protected]

And

OLIKE ALEX MADUABUCHI

PIETER MACHIEL PELSER

Fee Agreement

GGG 04/04

This Memorandum of Understanding (MOU) sets for the terms and understanding between
Katz Michael and Pieter & Alex

Background

Mr. Katz Michael seller of precious metals and stones.

Pieter Machiel Pelser & ‘Olike Alex Maduabuchi, Mandate and Representative.
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Purpose

We, the undersigned herewith referred as the seller, under penalty of perjury do hereby
irrevocably confirm and irrevocably accept to pay all mark-up and fee holders at the same
time and in a manner as the seller is being paid for each and every transaction of this contract
up to the completion of the contract plus rollovers and extensions and in accordance with the
bank details to be specified in the hard copies of this contract.

We, the Seller, irrevocably confirm that we will order and direct our bank to endorse
automatic payment orders to the beneficiaries named below; furthermore, we, the seller,
confirm that all pay orders shall automatically transfer funds as directed into each
beneficiaries designated bank account within 1 (one) day after the date of closing and
completion of each and every shipment of the product during the contract term plus any/or
extensions and rollover of the specified contract. For the purpose of clarity, we confirm that
the closing and completion of each and every shipment shall be deemed to take place when
the letter of credit issued by the buyer has been drawn down at the counters of the issuing
bank.

We, the Seller, agree to provide all beneficiaries with written evidence of the pay orders
lodged with our bank together with acknowledgements of their acceptance. Furthermore,
our bank shall be instructed to provide duly signed and stamped acknowledgement of this
instruction as set out in the annex, forming part of this agreement. It is understood that for
the purposes of this Master Fee Protection Agreement, our bank shall be the same bank and
this MFPA acts as an integral part of it.

Reporting

This master fee protection agreement covers the initial contract and shall include any
renewals, extensions, rollovers, additions or any new or transfer contract any how originated
from this transaction because of the above intermediaries or changing codes of the initial
contract entered into between the buyer and seller.

This master fee protection agreement and any subsequently issued pay orders shall be
assignable, transferable and divisible and shall not be amended without the express written
and notarized consent of the receiving beneficiary. All parties agree neither to circumvent nor
to attempt to circumvent either for the transaction of this current contract or in the future for
CIF - Hong Kong/ South Korea for First trail of 500kg Gold Dore Bars will be transacted first
month thereafter monthly delivery of 1,000kg Gold for 5 years Contract with possible rolls
CONTRACT CODE: MAFBS/4/2019

SELLER CODE: MAFBS/FTTLS/4/2016-2019

BUYER CODE:

and extensions for 5 years to Buyer destination. This document binds all parties, their
employees, associates, transferees and assignees or designees.

All faxed and/or e-mailed signatures shall be considered as original signatures for the purpose
of binding all parties to this agreement. This document may be signed and in any number of
counterparts all of which shall be taken together and shall constitute as being one and the
same instrument.

Any party may enter into this document and the agreement constituted thereby by signing
any counterpart. Any time, date or period mentioned in any provision of this document shall
only be amended by agreement in writing and signed off by all parties concerned.

Furthermore, we agree that any and all commissions and mark-up commissions due shall be
paid to the beneficiary as a result of any extension or rolls of the contract and that we shall
effect all necessary documentation with our bank without any undue delays to ensure such
commissions are paid within the terms of the agreement.

The illegality, invalidity and non-enforceable provision of this document under the laws of
any jurisdiction shall not affect its legality, validity or enforceability under the law of any
other jurisdiction or provision.

It is further agreed that any controversy, claims and / or dispute arising out of or relating to
any part of this agreement, or breach thereof, and which is not settled between the
signatories themselves, shall be settled by and through arbitration in accordance with the
rules of the International Chamber of Commerce, Geneva. Any decision and / or award made
by the arbitrators shall be final conclusive and binding for the parties and enforceable by law
in the country of choice for an award by the arbitrators.

This document is signed and accepted by parties named below as to be included in the main
contract.
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SELLER CODE: MAFBS/FTTLS/4/2016-2019

BUYER CODE:

IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

Hereby attached IMFPA called Annexure “A”

SELLER: MR. KATZ MICHAEL

_____________________

Signed and Sealed on this 23rd October, 2019

Address: BP: 6246 Douala-Cameroun,

Registration Number:
Cell: (+237) 68 049 9662

Duration

This MOU is at-will and may be modified by mutual consent of authorized officials from (list
partners). This MOU shall become effective upon signature by the authorized officials from
the (list partners) and will remain in effect until modified or terminated by any one of the
partners by mutual consent. In the absence of mutual agreement by the authorized officials
from (list partners) this MOU shall end on (end date of partnership).

Contact Information
Partner name: MR. KATZ MICHAEL
Address: 6246 Douala-Cameroun
Telephone: (+237) 68 049 9662 / +1 323 207 8158
E-mail: [email protected]
Date: 23rd October 2019

and
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Authorized Representative: MR. PIETER MACHIEL PELSER

Address: Farm 436, Portion 68, Lephalale, Limpopo.
JOHANNESBURG, 2198
SOUTH AFRICA
Telephone: + 27- 83-460-2785
E-mail: [email protected]
Date: 23rd October 2019

__________________
Signature: P M Pelser
And
Consultant: MR. A M OLIKE
Address: 206 TANMOUR COURT 48 SUPPER ROAD BERIA,
JOHANNESBURG, 2198
SOUTH AFRICA
Telephone: + 2773 444 4485/+2773 100 0667
E-mail: [email protected]
Date: 23rd October 2019

_____________________
Signature: A M OLIKE

NOTARISED BY: By Attorney

______________________
Signature
Date: 23rd October 2019

NO CHANGE APPLIED