Debt Assignment
Date: 1 July 2013
Between Federal Mining Resources Limited (“Assignor”)
Located at Xxxxx 0000, Xxxxxxx Xxxxx, 00 Xxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx
And Gold Billion Global Limited (“Assignee”)
Located at Xxxx 0000, 00/X., Xxx Xxxxxxx, 00-00 Xxxxx Xxxx, Xxxxxxx, Xxxx Xxxx
In consideration of the payment of US$1 paid by the Assignee, the receipt of which is hereby acknowledged, the Assignor now assigns to the Assignee the sum of money in the amount of US Dollars Three Hundred Nine Thousand Three Hundred Thirty One And Cents Ninety Two Only (US$ 309,331.92), now due to the Assignee from Champmark Sdn Bhd (“Debtor”), under the financing obligation from the Assignor to the Debtor from time to time.
The Assignee is authorized to perform all necessary acts to collect the sum of money.
Both parties have carefully reviewed this Agreement, agreed to and accept all of its terms and conditions. This Agreement is executed as of the Effective Date above.
Federal Mining Resources Limited Gold Billion Global Limited
/s/ Xxxx Xxx Xxxxx Xxx /s/ Xxxx Xxxx Xx
Xxxx Xxx Xxxxx Xxx Xxxx Ding Wu
Director Director
