through the Forestry AuthoriCy, bereinafter

dayof anrJ ___ AD. 2009,

by its Managing Director,lohn T. Woods, and DANCO, a
by its ChiefBxecutive Officer,
hereby;
WIT NE SSE T B:
the Authority is staIllIorily responsible fur the sustaioable management and use of all
i. pri_citizen of Liberia and owner ofa tract of203 hectares of
!Ii land lying onthe Bong Mines ROad;

Cooper is desirous ofOOIIlIIIeTCializing harves1ab1e tree species on said tract of

the graoting of Letter ofAuthority to FDA to oommission this plt>ject;
Monica's applicaIion declares Monica qualified fur
Ii! keeping with Section 5.6 ofthe NFRL;
i:::::j- of the mutoaI promises and agreements herein
II - .. fullows:
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ioml....IBIiIl...."" 203 hectares "ftract ofload herein called
0:J0per'. furm
To create alternative uses ofthe tract of land after harvesting oftrees
t\. '1;0 create employment fur about 35-50 looaIs ofthe oontnlCt are and swrounding towns
and villages.
Contract DuraIiOD
The contract shall be fur two (2) years.
3.
The Chain ofCustody System using SGSlHelvetaequipment and software_apply
the life and implementation ofthis contract
4. Land Ream! &; StDmJlllllCTn
Consistent with Section 5.7(b) ofthe National Forestry refurm Law of2006, the Company
shall not be cbarged to pay landrental tax. However. stumpage shall be paid coosistent with
Sectioa 5;7 (<ahove and also consisrent with SecIiOD22(b) ofRegulation 107-07.
Office of the Notary Public
Monrovia, Liberia
NOTARY CERTIFICATE

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o/"""",m"Ae !1vJJfi:-'!fi.7YMultfMe
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THIS OONTRAGT MADE AND ENTERED .INTO BY AND BEmWEEN THE
OF LIBERIA, THROUGH THE FORESTRY DEVELOPMENl'
J\UTllORITY, KNOWN REJl'EIlRElJ TO AS THE ("AUTHORITY BY &.
TURD ITS MANAGING mREOTOR. JUHN T. ,IOODS ,AND DANOO OOR.
THRU ITS 0llEIF ElOlCUTlVE OFFIOER, ilLLOF THE OITY OF
MONROVIA, REPUB::.IO OF LIBERIA.
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.. Posting US$5000.00, which is, one fifth afpemmnance bond fur TSC category
b. Submissioo ofinitial annual operations plan
c. Environmental1mpaot Assessment
area and comply with all other conditions consistent with the Liberia Code oflInrvesting
l'Iactices to inclode:
_mill\e'C'oirporation ,and the Authority, the relevant Laws of
7. Employment
Recruitment and employment by the Company sbaII be consistent with Labor Law ofLiberia
and International Labor Organization.
8. TonaInatioB
This con1ra1 shall be terminated ifthe company upon notice ofbreach ofany Ieml ofthis
Con1rat1hlls to remedy said breach within a period af(60) sixty days.
9.
In the event offurce majeuR:, which causes either party from meeting ils obligations herein
slated, the Con1rat sbaII be suspeoded .. long as the furce lIIl!ienre continues.
10. putvofCare
The Authority shall,ensure that the Company maintains environmental quality ofthe cutting
Liberia iaeludiag but not limited to the National ForesIry Reform Law and regulalion
governing Chain ofCustody will prevail.
12.
This Agreementis binding onthe parties, their suooesoors-in-office as ifthey were physically
present at ""<cation ofthls instrument.
In wilDes. wh......,r. we have afliIed our signa_on the day and date first mentioned
above.
WilDeso For lite Anthority
I_T.
Witness For the Company