Ann: Cosmo Gold IPO Withdrawn, page-34

(h) Loan Agreement – Tenement Expenditure
Cosmo Gold and DDD have entered into a loan agreement pursuant to which
Cosmo Gold will repay to DDD $750,000 for expenditure incurred in relation
to the Tenements. The loan is unsecured and interest free. The Company has
repaid $500,000 from the proceeds of the Seed Raising, and the remaining
$250,000 will be repaid from the Offer Proceeds.
(i) Loan Facility Agreement – Offer and Project
Operation Costs
Cosmo Gold and DDD have entered into a loan facility agreement in respect
of funds paid or to be paid by DDD on Cosmo Gold’s behalf relating to the
costs associated with the Offer and incurred in relation to the Tenements
up to $400,000. The loan is unsecured and interest free, and will be repaid
from the Offer Proceeds