Lundazi                                                Form XVIII
                                                                  (Regulation 23)
                                    REPUBLIC OF ZAMBIA
                             The Mines and Minerals Development Act, 20O8
                                       (Act No. 7 of 2008)
                       The Mines and Minerals Development  (General) Regulations, 2008
                                                         LTCENCF]  NO. 1980'HQ-LGL
                           LARGE-SCALE GEMSTONE LICENCE
                        \Sectiort 38 o[ the Miues atrd Minerals Deulopnwtt Act, No. 7 of 2008)
              I Iolder's name: Spearnet Zambia Limited
              Address:  P. O. Box 33336, Lusaka
              The mining area shall be the area describeci  in the Schedule and annexed hereto and
              Bordered Green on the Plan.
              The liccnce relates to the following minerals:  Gemstones
              The licence is granted for a period of 10 Years commencing  on the 28rh day of August, 2014
              The conditions of grant of the licence are as shown in the Annexures  attached hereto.
              Issued at Lusaka this 28th day of August, 2014.
                                                                 B.C.Lumamba
                                                              Director
                                 ENDORSEMENT  OF REGISTRA'I]ON
                                 This Large Scale Gemstone Licence has on this 28th day of August,
                                 2014 been registered in the Register
                                                                 a B.C.Lumamba
                                                                 Director
                                                                                      /