Exhibit 99.55
JOINT ACKNOWLEDGEMENT
This Acknowledgement is delivered in connection with the shareholders agreement
of First Dynasty Mines Armenia Limited (formerly Global Gold Armenia Limited)
("FD Armenia") (the "Shareholders Agreement") dated as of May 13, 1997 among
First Dynasty Mines (USA) LLC ("FDM LLC"), as assignee of First Dynasty Mines
Ltd. ("FDM"), Global Gold Corporation ("Global Gold"), and FD Armenia.
FDM, Global Gold, and FD Armenia have agreed pursuant to section 4 of the Letter
Agreement dated for reference the 24th day of July, 1998 between FDM, Global
Gold and Xxxxxx X. Xxxxxxxx to terminate the Shareholders Agreement.
The undersigned hereby acknowledge that the Shareholders Agreement is hereby
terminated and, as such, all the rights, duties and obligations of each of FDM,
FDM LLC, Global Gold and FD Armenia to each other arising out of or related to
the Shareholders Agreement are hereby terminated.
The undersigned also hereby acknowledge that each of FDM, FDM LLC, Global Gold,
and FD Armenia are hereby released and discharged absolutely and forever from
any further obligations in respect of the Shareholders Agreement.
Dated this 31st day of August, 1998.
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FIRST DYNASTY MINES LIMITED FIRST DYNASTY MINES ARMENIA LIMITED
Per: /s/ Xxxxxxx Xxxxxxx Per: /s/ Xxxxxx Xxxxxxxx
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Authorized Signatory Authorized Signatory
GLOBAL GOLD CORPORATION FIRST DYNASTY MINES (USA) LLC
Per: /s/ Xxxxxx Xxxxxxxx Per: /s/ Xxxxxx Xxxxxxxx
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Authorized Signatory Authorized Signatory
