Aschmoun Group

LETTER OF INTENT

Re: Purchase of Share Assets of EMPRESA MINERA (Bergbau) AG, Group of Companies (the “Business”).

Please accept this letter as a sincere expression of our intent to negotiate in good faith for the purchase of all of the shares and securities of the Business upon Terms & Conditions, stated in the Protocol of Intent.

The Buyer will be ASCHMOUN (UK) LIMITED.

The Purchased Assets will be all the shares and securities of the Business. By acquiring these shares and securities, the Buyer will acquire all the assets and year to date profits of the Business (as at liquidation date interim 11.01.2016 Financial Statements attached), and will assume all liabilities of the Business. Buyer further agrees to ensure that any personal bank covenants relating to the business that the current Shareholders may have are removed.

NOTICE:

Our record shows 425 Shareholders of EMPRESA MINERA. As of July 29, 2016, only 25% have registered and going through the Protocol of Intent (POI) Application Forms, which is encouraging.

For the benefit of all Shareholders, the tentative date of July 29, 2016 for closing the POI will be extended until August 31, 2016, and all subsequent dates will be adjusted relatively.

Adjusted Timetable1:

  1. Negotiation and execution of the Protocol of Intent: August 31, 2016.
  2. Delivery of Buyer’s Due Diligence List: September 19, 2016
  3. Commencement of Due Diligence: September 22, 2016
  4. Presentation of first draft of Definitive Agreements (prepared by Buyer): October 30, 2016
  5. Closing, 5 business days after delivery to Buyer of Audited Financial Statements
  6. Effective Date of this transaction December 30, 2016.

Confirmation of Intent.

If you are interested in proceeding to final negotiations, we ask you to:

  1. SIGN UP and REGISTER on our Website, to receive Login for further correspondence (please keep your password safe at all time);
  2. Complete your User Profile, with the accurate Data of the Shareholder;
  3. Upon receipt of Login approval from Administrator, you need to Login and proceed with Reading and Accepting/Signing the PROTOCOL OF INTENT (POI) Online, for further process (Signature Form is provided Online at the last page of the Protocol). POI you find under sepcial Menu "EMPRESA MINERA", established on the current Website (available only for internal correspondence with Registered Applicants). The Data information will be used to finalize and execute the final Agreement with the Title Holder.
  4. Registration Fee to be charged, (Payment Order ID Number is mandatory, and requested to complete the Application Form).
  5. Application Form to be submitted with the requested information, including copy of the Share Certificates. If you need to correct details on the Application Form, select Reset.

If you are not interested in proceeding to final negotiations, please inform us in writing within 5 business days.

Information on the Due Diligence will be published in due course, and available for Registered Members.

We look forward to hearing from you, and sincerely hope that we will be able to negotiate and complete a mutually satisfying and rewarding transaction.

Administrator.

P.S.

We noticed unauthorized activities on our Website with respect to the matter of EMPRESA MINERA, and action will be taken against the party making the default.

On purpose, we removed all possible restriction on accessing the relevant classified files to allow the Shareholders, who have no experience with online operation, to easily submitting their Applications.

We act with full transparency, with no hidden agenda. We request a minimum respect from the Shareholders and to cooperate in order to recover your rights and benefit after you lost your Investment in EMAG, 2015.

Nevertheless, we will keep monitoring our Website with full responsibility, and we will remove any possible action of fraud conducted by any visitor of our Website.