Alpha Ibrahim

[13]

19 April 2005

Dear Penny Mahoney,
Thanks for your mail, hoping that all is well with you at Antwerp. This is our terms of payment and just incase its not comfortable with you let me know your comments immediately.

PAYMENT TERMS- After verification of purity of gold, 7.5% of total cost of gold (50kgs- 75kgs) is paid for shipment expensis for gold to your destination .Balance payment of total cost of gold will be done either through SWIFT wire transfer/BG/SLC /Payment order placed by your bank after 10 days of reception and refinery process of the gold. An account from our bank will be later given for that.

            EXPORT EXPENSIS

1) GEOLOGICAL EXPORT CERTIFICATE-----------------2.0 %
2) BANK OF GHANA FORM A2 FOR EXPORT---------- 2.0%
3) MINERAL COMMISION LEVEY ----------------------------1.0%
4) CUSTOMS & EXCISE TAX -----------------------------2.0%
5) INSURANCE & FREIGHT ------------------------------ 0.5%

            TOTAL COST = 7.5%

That is all you need to pay (7.5%) with my own gold when you come and the shipment will take place in your pressence.

NOTE- about offer sent to you by Douglas Morgan and price has caused some concern in this project as it was not seen ,comfirm and notorised by owner of gold, so in that regard i asked that you kindly foward it to me for clarification with sender as mineral comission will hold me responsible for any complications. Please update me with every situation, and just know that price can never be an obstacle in this deal with me(cause your stated price is acceptable) as we are direct owners & govt. approved sellers. Have a nice day.

thanks
Alpha Ibrahim
+233.244.383.499
*233.277.440.889