THE TARGET MINE. (A) General The particulars of the Target Mine as set out in Schedule 3 are true and accurate in all respects.
THE TARGET MINE. Name of Exploration Project : Exploration of Moruogu Tong Mine, Wulatehouqi, Bayannaoer City, Inner Mongolia, the PRC (内蒙古乌拉特后旗莫若古铜矿勘探) Location : Bayannaoer City, Inner Mongolia, the PRC (中国内蒙古自治区巴彦淖尔市) License/ Permit : Mineral resources exploration permit (矿产资源勘查许可证) no. 15120091002035358 issued by Land and Resources Department of Inner Mongolia Autonomous Region (内蒙古自治区国土资源厅) on 14 September 2017 Exploration Area : 10.43 sq km Validity Period : 14 September 2017 to 13 September 2019 48 SCHEDULE 4 INTELLECTUAL PROPERTY NIL SCHEDULE 5 FORM OF PROMISSORY NOTE CNY12,044 We, YANGPU SHUANGHU INDUSTRIAL DEVELOPMENT CO., LIMITED, promise to pay to SHENZHEN CHAOPENG INVESTMENT CO., LTD. on 30 May 2018 the sum of CNY12,044, without interest. Dated the 30th day of November 2017 For and on behalf of Yangpu Shuanghu Industrial Development Co., Limited 50 EXECUTION PAGE VENDOR SIGNED by LI Feilie ) ) for and on behalf of SHENZHEN CHAOPENG INVESTMENT CO., LTD. in the presence of : ) ) ) ) /s/ Yxx Xxxx Wxx Xxxxxxxxxxx ) /s/ Li Feilie Signature of witness ) By executing this Agreement the signatory ) warrants that the signatory is duly Yxx Xxxx Wxx Xxxxxxxxxxx ) authorized to execute this Agreement on Name of witness (block letters) behalf of SHENZHEN CHAOPENG INVESTMENT CO.,LTD. PURCHASER SIGNED by ZHANG Huachun ) ) for and on behalf of YANGPU SHUANGHU INDUSTRIAL DEVELOPMENT CO., LIMITED in the presence of : ) ) ) ) /s/ Hu Longxiu ) /s/ Zhang Huachun Signature of witness ) By executing this Agreement the signatory ) warrants that the signatory is duly HU Longxiu ) authorized to execute this Agreement on Name of witness (block letters) behalf of YANGPU SHUANGHU INDUSTRIAL DEVELOPMENT CO., LIMITED EXHIBIT A THE MANAGEMENT ACCOUNTS BAYANNAOER CITY FEISHANG MINING COMPANY LIMITED BALANCE SHEET As at 30 September 2000 XXX NON-CURRENT ASSETS Property, plant and equipment 347,245 CURRENT ASSETS Prepayment and other receivables 112,490 Bank balance 803,752 916,242 CURRENT LIABILITIES Accounts payable 214,620 Other payables and accrued liabilities 331,936 546,556 NET CURRENT ASSETS 369,686 716,931 CAPITAL AND RESERVES Share capital Accumulated loss 59,480,000 (58,763,069) 716,931 50 XXXXXXXXXX XXXX XXXXXXXX MINING COMPANY LIMITED INCOME STATEMENT From 1 January 2017 to 30 September 2000 XXX GENERAL EXPENSES (1,017,845) FINANCE COSTS (221) NON-OPERATING EXPENSES,NET (3,150) LOSS FOR THE PERIOD (1,021,216)
