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EXECUTIVE RESUME

MARBLE MINING

LIDAK-ATAMBUA

BELU REGENCY

WEST TIMOR

EAST NUSA TENGGARA

A. Licensi Status:1. Marble Mining Exploration Permit ( Kuasa Pertambangan/KP ) No.Distamben.540/BP.PP/06/V/2006

By Belu Regent on May 10, 2006 to PT. Sipon multi Aktif of 9,000 hectares located in the 3rd District

: Atambua city, West Tasifeto and Kakuluk Mesak. Although formally the license expired, but there

is still a chance to turn it back on and adjusted in accordance with the format IUP by UU.No.4

2009. ( Copy attached permission)

2. Opportunities to revive KP license was based on several considerations:a. Our personal closeness with local government licensing and Mr Joachim Lopez, the Belu Regent

which is still serving as regent.

b. In the UU.No.4/2009 jo PP No.23/2010 still be room for a permit to be adjusted to permit KPbecome IUP format.

c. By the new law also stated that the new company would like to ask the new IUP on an existinglocation him KP , the priority is for new members to whom the permit was first requested

permission KP. This means that anyone who wanted to submit a new permit at the site must be

get priority consent from us as the first party that has been granted permission KP in the land.

d. From the permit process of improving the effectiveness of KP Exploration to ProductionOperation IUP will be easier, because it has no legal basis and it takes a long time. That is, after

the process of adjusting the KP to IUP exploration to IUP increase production operations do not

take a long time which is only about 3 months in accordance with the new law.

e. With the permits KP that have been adapted to the format it is no longer needed IUP initialprocess requests reservation of the area in accordance with the new law but immediately begins

with exploration activities. While not using the auction system as the type of minerals and

metals, but in accordance with the new law, a little cumbersome process of filing a new license,

provided that strict conditions.3. In formal, government and Belu Regent KP has issued a permit has not been issued a notice of

revocation of the license, so we are optimistic that the permits KP can be revived with persuasive

approaches, since we're a mining company pioneer the first activity in the region , and suffered

substantial losses because it lowers the various equipment in the region and eventually sold to cover

the cost of operating expenses.


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4. Beside that, we still maintain a good relationship with the same Regents issued the permits KP andrelated services, which will facilitate the process of adjustment or enhancement permit KP because

culturally we are from this region, and better understand the local culture.

B. Land Status:1. KP's concession licenses covering 9000 ha consists of mountains / mountain marble known as

common: Lidak Mountains, and a few tribal customary land rights of local communities who live

there. In general, land is not productive because of rocky rock, although the move to move the local

communities are working on a maize lading. Uncommon productive crops such as coconut, mango,

jackfruit, etc. except for some areas there are good plant teak trees are still small and that has been

ready to harvest.

2. There are three major tribal customary rights owners in the concession permit such ethnic : Lowaluand Matabesi in the three districts are at an informal stage socialization phase has supported the

activities of the marble quarries. And the next stage will only be formalized in a memorandum of

understanding and agreement on the restitution of land rights are usually in the form of public

facilities and social facilities as well as ritual rituals. As for the land property rights will be negotiated

amicably.

3. As an overview, nearly all the land in the East is the status of customary rights tribe / clan / acquiredhereditary while by tribal members and generally made a move to move fields except land or

residential yard. Therefore seldom have a land title and land acquisition usually for about done with

tribal elders and tribal members in a family.

4. Concession area in some point passed by the State which paved road leading to the port Atapupuwhich is only about 10 km and at some point there is also good access to road access Belu Regency

already paved or gravel or dirt road still.5. In the area of KP based on initial geological survey of potential are at 24 points marble mountain to

marble more coarse marble eyes at the site concessions are white, cream, red, green with density

and power press that is different as well deposit that is different. And hence fore necessary

geological survey to determine the exact detail and quality marble deposits in the area. Because all

the initial survey below by geological China to the PRC.

C. Activities Already Done:1. After obtaining permission KP on May 10, 2006 several phases of activities already carried out in the

period 2006-2007 the eligibility requirements and tax permits, initial geological survey, thesocialization and traditional rituals, office branch procurement and mobilization of equipment and

others.

2. To obtain permission KP, companies must meet the administrative requirements such as the statusof the company with all the license, and pay the taxes, levies and dues fees in accordance with

applicable law shrimp at that time.


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3. After exiting the permits KP first stage is to conduct geological surveys beginning from the Chinaand two geological surveys for 3 months at the site.

4. After the initial survey began in the first stage of the project pre socialize a few times which is at thevillage level the village in the area, followed by socializing the district level and finally at the district

level involving many elements such stakeholders: the public, leaders of indigenous peoples ,

religious leaders, NGOs, youth, women, college, relevant agencies, parliament, etc. as well as some

traditional rituals stages as pre-project condition.

5. When finished with the socialization phase began with the mobilization of equipment from Java toTimor / Atambua like: Ecxavator, compressor, generator, electric welding machine, wire machine,

water pump grand foz, selling, drill bits, container, dump trucks, as well as skilled labor such as local

geology, master Quary, a wire, the operator of the central marble production in Java like: Tulung

Agung, Citatah, Tasikmalaya,Makasar, and began to recruit local labor.

6. Together with the mobilization of equipment, also started identifying and land status and ownershipof land for land compensation process to plan site plan that will begin the first phase of exploration

in particular do at some point of 24 potential points marble.

7. Of a whole series of activities the company has also made several visits in the Goungshow China, aswell as centers of marble centers in southern Sulawesi, Tulung Agung, Citatah Bandung Makasar

and Lampung.

D.Company Profile & Share Holder1. Company Name: PT.Sipon Multi Active. Founded on August 16, 1999 by Fifi Wangsadiputra Notary

and have obtained approval from the Ministry of Law and Human Rights No. C-1771 HT. 01. 01.Th.

2000 Jo. No.C.15845 HT.01.04.TH.2006 and has been amended several times both the

composition of the new Board of Commissioners and Directors are: Director: Hironimus Abi and theCommissioner are: Supandi Selamet, the largest shareholder is Hironimus Abi (51%).

2. Since no project in Lidak marble quarry, the company is not doing the activity, but also notdissolved. This means that there has never been a formal meeting of shareholders to dissolve the

company, and by law he was still there.

3. Within the company, we became stronger position, because in addition to serving as President, isalso the majority shareholder in the company is 51%, which will facilitate the take over of the two

other shareholders.

4. There are a number of companies operating license had expired and had to be extended such asdomicile, SITU, TDP, etc. SIUP.

5. Processes take over or transfer of shares will go smoothly, as all shareholders are in Jakarta, and iswilling to attend a meeting of shareholders, if held by the CEO. The position of commissioner did not

specify that he was not a shareholder.

Such an overview is presented, and if interested, it can be followed up with a more technical

discussion.


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HIRONIMUS ABI

Director

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