Section 8: REPATRIATION OF FUNDS

(a) The Company shall, during the period of this Agreement, undertake to pay in freely convertible foreign currency to a Bank nominated by the Bank of Sierra Leone, all taxes, royalties, duties and other levies due to the Government. The Company shall also meet all its operating costs in Sierra Leone by remittance of funds from abroad and pay for all capital expenditures brought to Sierra Leone, and all other foreign costs and expenses, with funds from abroad. (b) Subject to Clause 8(a), the Company shall have the right, during the term of this Agreement freely to receive, hold in banks of its own selection wherever located and dispose of funds in any country.