The expiration date of the right to mine on the Allotted Land will be for an initial period of 12 months from the date of this letter agreement (the “Extension Period”).

During the Extension Period the Company will have exclusive right(s) to conduct geological studies, clearing of overburden, complete environmental studies/survey, preliminary artisanal mining activities and conduct other preliminary prospecting activities as required to ascertain the feasibility for commercial exploration and production facilities within the Allotted Land. Provided that the Company adheres to the terms of the Mining Laws as set out in the Mines and Minerals Act of 2009 and fulfilling all obligations to the community and government.

Upon the commencement of commercial mining operations (the “Commercial Operations” on the Allotted Land and provided the Company abides by the terms of the Mining Laws as set out in the Mines and Minerals Act of 2009 together with all relevant laws currently in force in the Republic of Sierra Leone and fulfilling all obligations to the community and government; the expiration date of the mining rights automatically is extended to a minimum 5 year period (the “Active Mining Period”). The Company will retain the exclusive right(s) to extend the period of mining for further 5 year periods beyond the Active Mining Period.

For the purpose of this agreement commencement of ‘Commercial Operations’ can be considered as one or all of the following:

Upon the Company securing $1,500,000 (US Dollars) or more investment for the exploitation of the Allotted Land;

Upon the Company bringing heavy commercial machinery to the Allotted Land for commercial exploration activities;

Upon the company extracting in excess of 5,000 carats of Gem Grade diamonds from the Allotted Land.