GOLDEN STAR RESOURCES LTD.Letter Agreement • November 6th, 2007 • Golden Star Resources LTD • Gold and silver ores
The purpose of this Letter Agreement (the “LA”) is to set out the terms pursuant to which Golden Star Resources Ltd. (“Golden Star”) has agreed to grant the exclusive option to Riverstone Resources Inc. (“Riverstone”) to acquire all of Golden Star’s interest in the Goulagou and Rounga properties located in Burkina Faso, described in Annex A attached hereto (the “Properties”), which interest in the Properties is held by Yatenga Holdings Limited SA (“Yatenga”), a company incorporated under the laws of Burkina Faso. Riverstone agrees that upon the exercise of the Option in accordance with its terms, it shall indirectly acquire all of Golden Star’s interest in the Properties, subject to applicable law and the mutual agreement of Riverstone and Golden Star (each acting reasonably), either through (i) the acquisition of all of Golden Star’s shareholdings in Yatenga, or (ii) the acquisition of all of Golden Star’s shareholdings in a holding company through which Golden Star may indirectly hol
NOTE AMENDMENT AGREEMENT 1Note Amendment Agreement • November 6th, 2007 • Golden Star Resources LTD • Gold and silver ores • New York
