0001144204-09-038533 Sample Contracts

BLOCKED ACCOUNT CONTROL AGREEMENT
Blocked Account Control Agreement • July 23rd, 2009 • Apollo Gold Corp • Gold and silver ores • Colorado

Please be advised that pursuant to certain agreements dated December 10, 2008 among Apollo Gold Corporation, a corporation organized under the laws of the Yukon Territory, Canada ("Company") and RMB Resources Inc., a Delaware corporation (“Security Agent”), as security agent on behalf of Macquarie Bank Limited and RMB Australia Holdings Limited, Company has granted to Security Agent a security interest in all rights of the Company with respect to account numbered 103690226313 (such account, together with all substitutions and replacements therefor, the "Deposit Accounts") located at U.S. Bank National Association ("Depositary Bank") and subject to the terms of the Deposit Agreements (defined below).

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The agreement 1 Operative part 2
Apollo Gold Corp • July 23rd, 2009 • Gold and silver ores • Ontario
BLOCKED ACCOUNT CONTROL AGREEMENT
Blocked Account Control Agreement • July 23rd, 2009 • Apollo Gold Corp • Gold and silver ores • Colorado

Please be advised that pursuant to certain agreements dated February 20, 2009 among Apollo Gold Corporation, a corporation organized under the laws of the Yukon Territory, Canada ("Company") and RMB Resources Inc., a Delaware corporation (“Security Agent”), as security agent on behalf of Macquarie Bank Limited and RMB Australia Holdings Limited, Company has granted to Security Agent a security interest in all rights of the Company with respect to account numbered 103690231420 (such account, together with all substitutions and replacements therefor, the "Debt Service Reserve Account") located at U.S. Bank National Association ("Depositary Bank") and subject to the terms of the Deposit Agreements (defined below).

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