This consulting agreement is made this 20th day of February 2004 between
Appankran Mining Consultants Ltd a limited liability company registered under
the laws of the Republic of Ghana of Post Office Box 3307 Accra(hereinafter
referred to as Appankran) of one part and International Commerce Development
Corporation of 00 Xxxxxx Xxx, Xxxxxxxxx (hereinafter referred to as ICDC) of the
other part.
Whereas Appankran is in the business of offering expertise in the mining
industry. Appankran has an active knowledge of mining concessions that are on
the market for sale and see a deal flow in mining concessions. Appankran will be
employed by ICDC as a consultant for the acquisition of a gold mine within the
Republic of Ghana.
Appankran also agrees to be the liason to the government of Ghana in reference
to the filing of any and all mining permits and licensing necessary to mine gold
in Ghana. They also agree to keep ICDC in good standing with the government of
Ghana in relation to permits and licenses.
Appankran also agrees that it will implement a strategy for the creation of a
workforce within Ghana for the proposed mining acquisition. Appankran will
utilize their contacts within the geological industry to staff the mining
operation.
Appankran also agrees to to select, hire and advise a geological firm in the
event it is necessary to have field and analytical work done ox; '-he proposed
concession site.
ICDC agrees to pay Appankran $10,000 U.S. dollars for the above services for a
period of one year. ICDC agrees that in the event of further technical work or
need thereof that ICDC may be requested to pay for these services.
ICDC agrees to wire $10,000 U.S. dollars to the account of Appankrans attorney:
Xxxxxx Xxxxxx xx.,Esq. Acct.#0000000
Barclays Bank Osu, Accra, Ghana
Swiftcode XXXXXXXX
~Signed, sealed and delivered by the managing director
APPANKRAN MINES Ghana Ltd.
Signed, sealed and delivered by the managing director of International Commerce
Development Corporation.
