Newport Gold, Inc.
SHARES FOR DEBT AGREEMENT - YOUSSIF
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>10
<FILENAME>ex10_9youssif.htm
<DESCRIPTION>SHARES FOR DEBT AGREEMENT - YOUSSIF
<TEXT>


<head>
</head>
<b style='mso-bidi-font-weight:normal'><font size=2
face="Times New Roman"><hr color="000080">
</font></b>

<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><font size=2 face="Times New Roman">EXHIBIT 10.9</font></b></p>

<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><font size=2 face="Times New Roman">SHARES FOR DEBT
AGREEMENT</font></b></p>

<p><font size=2 face="Times New Roman">This SHARES FOR DEBT AGREEMENT (this &quot;<b
style='mso-bidi-font-weight:normal'>Agreement</b>&quot;) is made and entered into as of&nbsp; August 20, 2008, by and between NEWPORT
GOLD, INC., a Nevada corporation (the &quot;<b style='mso-bidi-font-weight:
normal'>Company</b>&quot;),
and &nbsp;Rafik Youssif whose address is Unit
101 AL Najda Street, Abu Dhabi, UAE (&quot;<b style='mso-bidi-font-weight:normal'>Youssif</b>&quot;),
with reference to the following facts: </font></p>

<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><font size=2 face="Times New Roman">RECITALS</font></b></p>

<p><font size=2 face="Times New Roman">WHEREAS, though an assignment agreement dated for
reference August 20, 2008, Derek Bartlett assigned U.S. $9,861 of the debt owed to
him by the Company to Youssif (the &#8220;<b style='mso-bidi-font-weight:normal'>Bartlett Debt</b>&#8221;);
and </font></p>

<p><font size=2 face="Times New Roman">WHEREAS, though an assignment agreement dated for
reference August 20, 2008, Ann Pineau assigned U.S. $2,000 of the debt owed to her by the
Company to Yousiff (together with the Bartlett Debt the &quot;<b
style='mso-bidi-font-weight:normal'>Debt Amount</b>&quot;); and</font></p>

<p><font size=2 face="Times New Roman">WHEREAS, the Company has agreed to issue to Youssif and
Youssif has agreed to accept 237,220
restricted shares of the Company's common stock as complete settlement of the
Debt Amount; </font></p>

<p><font size=2 face="Times New Roman">NOW THEREFORE, in consideration of the mutual
covenants and promises contained herein, and for valuable consideration, the
receipt and sufficiency of which are hereby mutually acknowledged, the parties
to this Agreement (collectively &quot;<b style='mso-bidi-font-weight:normal'>parties</b>&quot;
and individually a &quot;<b style='mso-bidi-font-weight:normal'>party</b>&quot;)
agree as follows: </font></p>

<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><font size=2 face="Times New Roman">AGREEMENT</font></b></p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font
size=2 face="Times New Roman">1.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>The Company agrees to issue to Youssif
and Youssif agrees to accept, 1,000,000 restricted shares of the Company's
common stock (the &quot;<b style='mso-bidi-font-weight:normal'>Shares</b>&quot;)
as complete payment and settlement of the Debt Amount and any and all other
amounts due or accrued to Youssif for the debt acquired from Derek Bartlett in
the assignment agreement dated August 20, 2008. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font
size=2 face="Times New Roman">2.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>Upon issuance of the Shares, Youssif's
hereby, for Youssif and all past and present agents, executors, administrators,
trustees, partners, representatives, controlled entities and affiliates,
successors and assigns, forever discharges and releases the Company and each of
its past and present employees, agents, representatives, controlled entities
and affiliates, successors and assigns from any and all claims, damages,
actions, judgments, obligations, attorneys' fees, indemnities, subrogations,
duties, demands, controversies and liabilities of every nature at law or in
equity, liquidated, or unliquidated, known or unknown, matured or unmatured,
foreseeable or unforeseeable, which Youssif's had or may have arising out of
the Debt Amount. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font
size=2 face="Times New Roman">3.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>This Agreement shall in all
respects be interpreted, enforced and governed under the laws of the State of Nevada.
The language and all parts of this Agreement shall be in all cases construed as
a whole according to its very meaning and not strictly for or against any
individual party. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font
size=2 face="Times New Roman">4.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>Solely for establishing that the
issuance of the Shares to Youssif, Youssif's is exempt from the registration
requirements of Section 5 of the <i style='mso-bidi-font-style:normal'>Securities Act of 1933</i>
(as amended, the &quot;<b style='mso-bidi-font-weight:normal'>Securities Act</b>&quot;)
and comparable provisions of state blue-sky laws, Youssif's represents and
warrants to Newport as follows: </font> </p>
<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(a)<font face="Times New Roman">&nbsp;&nbsp;
</font>Youssif is a &#8220;<b
style='mso-bidi-font-weight:normal'>non-U.S. person</b>&#8221; as that term is defined in Regulation
S of the Securities Act, as set forth in Schedule A hereto. The transfer and
deemed sale of the Shares is to be completed in an offshore transaction, as
defined in Rule 902(h) of Regulation S of the Securities Act, as now in effect
and Youssif shall submit to Newport such further assurances of such status as
may be </font> </p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4' align="center">
<font face="Times New Roman" size="2">1</font></p>

<font size=2 face="Times New Roman"><hr color="000080" size="1">
</font>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'>
<font face="Times New Roman" size="2">&nbsp;<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font>reasonably requested by Newport.</font></p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(c)<font face="Times New Roman">&nbsp;&nbsp;
</font>Youssif is not acquiring the Shares
for the account or benefit of a U.S. person.</font></p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(d)<font face="Times New Roman">&nbsp;&nbsp;
</font>Youssif was not in the United
States at the time the offer to purchase the Shares was received or at the time
this Agreement was executed.</font></p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(e)<font face="Times New Roman">&nbsp;&nbsp;
</font>Youssif understands and agrees to
resell the Shares only in accordance with the provisions of Regulation S,
pursuant to registration under the Securities Act or pursuant to an exemption
from registration under the Securities Act.</font></p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(f)<font face="Times New Roman">&nbsp;&nbsp;&nbsp;
</font>Youssif acknowledges that Newport
and its transfer agent are required to refuse to register any sale of the
Shares unless the transfer is in accordance with the provisions of Regulation
S, pursuant to registration under the Securities Act or pursuant to an
exemption from registration under the Securities Act. </font>
</p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(g)<font face="Times New Roman">&nbsp;&nbsp;
</font>Youssif agrees not to engage in
hedging transactions with regards to the securities purchased unless in compliance
with the Securities Act. </font>
</p>

<p style='margin-left:72.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">(h)<font face="Times New Roman">&nbsp;&nbsp;
</font>Youssif's understands and agrees
that the certificate evidencing the Shares shall be endorsed with the legend in
substantially the form set forth below: </font> </p>
<p style='margin-left:90.0pt;mso-add-space:
auto'><font size=2 face="Times New Roman">&quot;THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
&quot;1933 ACT&quot;) OR OTHER APPLICABLE SECURITIES LAWS. THESE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE
AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) IN
ACCORDANCE WITH THE PROVISIONS OF REGULATIONS S, RULE 901 THROUGH RULE 905, AND
PRELIMINARY NOTES UNDER THE 1933 ACT OR (2) PURSUANT TO AN AVAILABLE EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT OR (3) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT. HEDGING TRANSACTIONS INVOLVING THESE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT.&quot;</font></p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level2 lfo4'><font
size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>In addition to the foregoing, Youssif's
hereby makes all of the investment representations set forth on Exhibit A
attached hereto, which are incorporated by reference herein. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4' align="left"><font
size=2 face="Times New Roman">5.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>This Agreement memorializes and
constitutes the entire agreement and understanding among the parties regarding
the subject matter hereof, and supersedes all prior negotiations, proposed
agreements and agreements, whether written or unwritten. The parties
acknowledge that no other party, nor any agent or attorney of any other party,
has made any promises, representations, or warranties whatsoever, expressly or
impliedly, which are not expressly contained in this Agreement, and the parties
further acknowledge that they have not executed this Agreement in reliance upon
any collateral promise, representation, warranty, or in reliance upon any
belief as to any fact, or matter, not expressly recited in this Agreement. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4' align="center">
<font face="Times New Roman" size="2">2</font></p>

<font size=2 face="Times New Roman"><hr color="000080" size="1">
</font>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font
size=2 face="Times New Roman">6.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;
</font>The parties shall hereafter
execute all documents and do all that is necessary, convenient or desirable in
the reasonable opinion of the other party to effect the provisions of this
Agreement. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font
size=2 face="Times New Roman">7.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>For the convenience of the parties
to this Agreement, this document may be executed by facsimile signatures and in
counterparts which shall together constitute the agreement of the parties as
one and the same instrument. It is the intent of the parties that a copy of
this Agreement signed by any party shall be fully enforceable against that
party. </font>
</p>

<p style='margin-left:18.0pt;mso-add-space:auto;
text-indent:-18.0pt;mso-list:l7 level1 lfo4'><font size=2
face="Times New Roman">8.<font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
</font>Should any provision of this
Agreement be declared or determined by any court to be illegal or invalid, the
validity of the remaining parts, terms or provisions shall not be affected
thereby and, in lieu of such illegal or invalid provision, there shall be added
a provision as similar in terms and amount to such illegal or invalid provision
as may be possible and, if such illegal or invalid provision cannot be so
modified, then it shall be deemed not to be a part of this Agreement. </font> </p>

<p><font size=2 face="Times New Roman">IN WITNESS WHEREOF the parties have executed this
Agreement as of the date first above written. </font></p>

<p><b style='mso-bidi-font-weight:normal'><font size=2
face="Times New Roman">NEWPORT GOLD, INC</font></b><font face="Times New Roman" size="2">.
</font>
</p>

<p>&nbsp;</p>
<p><font size=2 face="Times New Roman">By:_________________________________<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derek
Bartlett. CEO<br>
<br>
<br>
<br>
<br>
<br>
___________________________________<br>
Rafik Youssif</font></p>
<p align="center"><font face="Times New Roman" size="2">3</font></p>
<font size=2 face="Times New Roman"><hr color="000080" size="1">
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'>SCHEDULE A</b></p>

<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><u>DEFINITION OF U.S.
PERSON<br style='mso-special-character:line-break'>
<br style='mso-special-character:line-break'>
</u></b></p>

<p>A &#8220;U.S. Person&#8221; is defined by Regulation S
of the Act to be any person who is:</p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(a)&nbsp;&nbsp;&nbsp;&nbsp; any natural person resident in the
United States;&nbsp;&nbsp; </p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(b)&nbsp;&nbsp;&nbsp;&nbsp; any partnership or corporation
organized or incorporated under the laws of the United States;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(c)&nbsp;&nbsp;&nbsp;&nbsp; any estate of which any executor
or administrator is a U.S. person;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(d)&nbsp;&nbsp;&nbsp;&nbsp; any trust of which any trustee is
a U.S. person;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(e)&nbsp;&nbsp;&nbsp;&nbsp; any agency or branch of a foreign
entity located in the United States;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any non-discretionary account or
similar account (other than an estate or trust) held by a dealer or other
fiduciary organized, incorporate, or (if an individual) resident in the United
States; and</p>

<p style='margin-left:19.5pt;text-indent:-18.0pt;mso-list:l1 level1 lfo7'>(g)&nbsp;&nbsp;&nbsp;&nbsp; any partnership or corporation if:</p>

<p style='margin-left:55.5pt;text-indent:-55.5pt;mso-text-indent-alt:
-18.0pt;mso-list:l1 level2 lfo7'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; organized or incorporated under
the laws of any foreign jurisdiction; and</p>

<p style='margin-left:55.5pt;text-indent:-55.5pt;mso-text-indent-alt:
-18.0pt;mso-list:l1 level2 lfo7'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; formed by a U.S. person
principally for the purpose of investing in securities not registered under the
Act, unless it is organized or incorporated, and owned, by accredited
Subscribers [as defined in Section 230.501(a) of the Act] who are not natural
persons, estates or trusts.</p>

<p style='margin-left:55.5pt;text-indent:-55.5pt;mso-text-indent-alt:
-18.0pt;mso-list:l1 level2 lfo7' align="center">4</p>
<hr color="000080" size="1">
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'>EXHIBIT A</b></p>

<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><u>INVESTMENT
REPRESENTATION STATEMENT</u></b></p>

<p>In connection with the purchase of Shares, I, the
undersigned, represent to the Company as follows: </p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>1.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>The Company
May Rely on These Representations</b>. I understand that the Company's
sale of the shares to me has not been registered under the <i style='mso-bidi-font-style:
normal'>Securities
Act of 1933</i>, as amended, (&#8220;<b style='mso-bidi-font-weight:
normal'>Securities
Act</b>&#8221;) because the Company believes, relying in part on my
representations in this document, that an exemption from such registration
requirement is available for such sale. I understand that the availability of
this exemption depends upon the representations I am making to the Company in
this document being true and correct.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>2.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I am
Purchasing for Investment</b>. I am purchasing the shares solely for
investment purposes, and not for further distribution. My entire legal and
beneficial ownership interest in the shares is being purchased and shall be
held solely for my account, except to the extent I intend to hold the shares
jointly with my spouse. I am not a party to, and do not presently intend to
enter into, any contract or other arrangement with any other person or entity
involving the resale, transfer, grant of participation with respect to or other
distribution of any of the shares. My investment intent is not limited to my
present intention to hold the shares for the minimum capital gains period
specified under any applicable tax law, for a deferred sale, for a specified
increase or decrease in the market price of the shares, or for any other fixed
period in the future.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>3.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I Can
Protect My Own Interests</b>. I can properly evaluate the merits and
risks of an investment in the shares and can protect my own interests in this
regard, whether by reason of my own business and financial expertise, the
business and financial expertise of certain professional advisors unaffiliated
with the Company with whom I have consulted, or my preexisting business or
personal relationship with the Company or any of its officers, directors or
controlling persons.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>4.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I am
Informed About the Company</b>. I am sufficiently aware of the Company's
business affairs and financial condition to reach an informed and knowledgeable
decision to acquire the shares. I have had opportunity to discuss the plans,
operations and financial condition of the Company with its officers, directors
or controlling persons, and have received all information I deem appropriate
for assessing the risk of an investment in the shares.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b style='mso-bidi-font-weight:
normal'>I Recognize
My Economic Risk</b>. I realize that the purchase of the shares involves
a high degree of risk, and that the Company's future prospects are uncertain. I
am able to hold the shares indefinitely if required, and am able to bear the
loss of my entire investment in the shares.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I am
Familiar with Regulation S</b>.&nbsp;
I am familiar with Regulation S and understands that the Shares:</p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(a)&nbsp;&nbsp;&nbsp;&nbsp;have not been registered under the Act, </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(b)&nbsp;&nbsp;&nbsp;will be issued in reliance on
Regulation S and, therefore, cannot be sold or transferred except in compliance
with Regulation S unless they are subsequently registered under the Act or another
exemption from such registration is available, and </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(c)&nbsp;&nbsp;&nbsp;are subject to resale restrictions as set
forth in Section 2.9 of this Agreement and the Investor may not be able to
liquidate its investment in the event of an emergency or pledge the Shares as
collateral security for loans. In this connection, the Investor represents that
it is familiar with Regulation S as currently in effect, and understands the
resale limitations imposed thereby and by Section 4 of the Shares for Debt
Agreement. I acknowledge and understand that the Company's reliance upon such
exemptions under Regulation S is predicated in part on my representations
contained herein. </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2' align="center">A-1</p>

<hr color="000080" size="1">

<p style='margin-left:18.0pt;mso-add-space:
auto'>I confirm I am:</p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(d)&nbsp;&nbsp;&nbsp;&nbsp;not a U.S. person (as that term is
used in Regulation S), </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(e)&nbsp;&nbsp;&nbsp;&nbsp;not located in the U.S., </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acquiring the Shares in an
offshore transaction, </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(g)&nbsp;&nbsp;&nbsp;&nbsp;not acquiring the Shares for the
account or benefit of any U.S. person, </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(h)&nbsp;&nbsp;&nbsp;&nbsp;not offering or have agreed to sell, and
will not offer or sell the Shares (including by any short sale, put or sale of
a call) in the United States or to or for the account or benefit of any U.S.
person; and</p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;not interested in and will not
engage in a hedging transactions with regards to the Shares unless in
compliance with the Securities Act.</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>7.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I am
Familiar With Rule 144</b>. I am familiar with Rule 144 adopted under
the Securities Act, which in some circumstances permits limited public resales
of &quot;restricted securities&quot; like the shares acquired from an issuer in
a non-public offering. I understand that my ability to sell the shares under
Rule 144 in the future is uncertain, and will depend upon, among other things:
(i) the availability of certain current public information about the Company;
(ii) the resale occurring more than one year after my purchase and full payment
(within the meaning of Rule 144) for the shares; and (iii) if I am an affiliate
of the Company, or a non-affiliate who has held the shares less than two years
after my purchase and full payment:
</p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(a)&nbsp;&nbsp;&nbsp;&nbsp; the sale being made through a
broker in an unsolicited &quot;broker's transaction&quot; or in transactions
directly with a market maker, as said term is defined under the Securities
Exchange Act of 1934, as amended, </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(b)&nbsp;&nbsp;&nbsp;&nbsp; the amount of shares being sold
during any three month period not exceeding the specified limitations stated in
Rule 144, and </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(c)&nbsp;&nbsp;&nbsp;&nbsp; timely filing of a notice of
proposed sale on Form 144, if applicable.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>8.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I Know Rule
144 May Never be Available</b>. I understand that the requirements of
Rule 144 may never be met, and that the shares may never be saleable. I further
understand that at the time I wish to sell the shares, there may be no public
market for the Company's stock upon which to make such a sale, or the current
public information requirements of Rule 144 may not be satisfied, either of
which would preclude me from selling the shares under Rule 144 even if the
one-year minimum holding period had been satisfied.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>9.&nbsp;&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I Know I am
Subject to Further Restrictions on Resale</b>. I understand that in the
event Rule 144 is not available to me, any future proposed sale of any of the
shares by me will not be possible without prior registration under the
Securities Act, compliance with some other registration exemption (which may or
may not be available), or each of the following:
</p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(a)&nbsp;&nbsp;&nbsp;&nbsp; my written notice to the Company
containing detailed information regarding the proposed sale, </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(b)&nbsp;&nbsp;&nbsp;&nbsp; my providing an opinion of my
counsel to the effect that such sale will not require registration, and </p>

<p style='margin-left:54.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level2 lfo2'>(c)&nbsp;&nbsp;&nbsp;&nbsp; the Company notifying me in
writing that its counsel concurs in such opinion. I understand that neither the
Company nor its counsel is obligated to provide me with any such opinion. I
understand that although Rule 144 is not exclusive, the Staff of the SEC has
stated that persons proposing to sell private placement securities other than
in a registered offering or pursuant to Rule 144 will have a substantial burden
of proof in establishing that an exemption from registration is available for
such offers or sales, and that such persons and their respective brokers who
participate in such transactions do so at their own risk.
</p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>10.&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>I Know I May
Have Tax Liability Due to the Uncertain Value of the Shares</b>. I
understand that the Board of Directors believes its valuation of the shares
represents a fair appraisal of their worth, but that it remains </p>

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2' align="center">A-2</p>

<hr color="000080" size="1">

<p style='margin-left:18.0pt;mso-add-space:
auto;text-indent:-18.0pt;mso-list:l5 level1 lfo2'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; possible that, with the benefit of
hindsight, the Internal Revenue Service may successfully assert that the value
of the shares on the date of my purchase is substantially greater than the
Board's appraisal. I understand that any additional value ascribed to the
shares by such an IRS determination may constitute ordinary income to me as of
the purchase date, and that any additional taxes and interest due as a result
will be my sole responsibility payable only by me, and that the Company need
not and will not reimburse me for that tax liability. <br style='mso-special-character:
line-break'>
</p>

<p style='margin-left:18.0pt;mso-add-space:auto;
text-indent:-18.0pt;mso-list:l5 level1 lfo2'>11.&nbsp;&nbsp;&nbsp; <b style='mso-bidi-font-weight:
normal'>Agreement</b>.
By signing below, I acknowledge my agreement with each of the statements
contained in this Investment Representation Statement as of the date first set
forth above, and my intent for the Company to rely on such statements in
issuing the shares to me. </p>

<p>Dated for reference as of: <u>August 20, 2008</u></p>
</font>

<p>&nbsp;</p>
<p><font size=2 face="Times New Roman">___________________________________ <br>
Rafik Youssif</font></p>
<p align="center"><font face="Times New Roman" size="2">A-3</font></p>
<font size=2 face="Times New Roman"><hr color="000080" size="1">
</font>
<p align=center style='text-align:center'><b style='mso-bidi-font-weight:
normal'><font size=2 face="Times New Roman">EXHIBIT B</font></b></p>

<p align=center style='margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none'><b><u><font size=2 face="Times New Roman">R E L E A S E</font></u></b></p>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none'><font
size=2 face="Times New Roman">KNOW ALL MEN BY THESE PRESENTS that in
consideration of the total payment of <b>1,000,000
shares&nbsp; of Common Stock (the
&#8220;Shares&#8221;) in the capital stock of Newport Gold, Inc.
(&#8220;Newport&#8221;) Rafik Youssif (</b>the &#8220;<b
style='mso-bidi-font-weight:normal'>Releasor</b>&#8221;) (the receipt of all which is hereby
acknowledged), the Releasor DOES HEREBY REMISE RELEASE AND FOREVER DISCHARGE <b>Newport and any of its successors and assigns,
directors, officers, employees, or agents (collectively, the
&#8220;Releasees&#8221;)</b> of and from any and all manner of actions,
causes of actions, suits, debts, contracts, claims, demands, damages and
obligations to pay anything (including without limitations, money, expense
allowances, sales commissions, shares of warrants) of any nature of kind
whatsoever which any of the Releasors have or at any time hereafter can, shall
or may have, for or by reason of, or arising out of any cause, matter or thing
whatsoever occurring or existing up to and inclusive of the date of these
presents and in particular, but DO HEREBY REMISE, RELEASE AND FOREVER DISCHARGE
the Releasees of and from any claims and demands of any nature of kind
whatsoever which any of the Releasors now have or at any time hereafter can,
shall or may have, for or by reason of, or arising out of any agreements,
whether written or verbal, between any of the Releasors and Releasees<b> in respect of the debt of $50,000 owed by Newport to
the Releasor as evidenced by Schedule &#8220;A&#8221; to this Release.</b></font></p>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none'><font
size=2 face="Times New Roman">AND IT IS UNDERSTOOD AND AGREED that the
Releasors will neither jointly or separately make any claim or claims or take
any proceedings against any person, corporation, partnership or partly might
result in a claim for contribution or indemnity from any of the Releases and if
any of the Releasors make such a claim or take such proceedings then each of
the Releasors jointly and separately covenants and agrees to save harmless and
indemnify each of the Releases of any from any and all liabilities, damages,
interest, costs (including legal fees and disbursements as between legal
counsel and own client), expenses and compensation of whatsoever kind in
respect of any such claim for contribution and indemnify or otherwise.</font></p>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none'><font
size=2 face="Times New Roman">IT IS FURTHER UNDERSTOOD AND AGREED that
this is a compromise settlement of a disputed claim and that the consideration
for this Release shall not be deemed to be or be construed as an admission of
liability by the Releasees to the undersigned.</font></p>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none'><font
size=2 face="Times New Roman">The Releasors have consulted with and been
advised by their legal counsel before entering into the settlement herein
contained and the board of directors thereof have duly considered and
authorized the execution of this Release by way of resolutions attached hereto
and warrants that the signatory hereto is of full capacity and has the
authority to execute and deliver this Release, and that the Releasors have not
been influenced to any extent whatsoever in making this Release by any
representations or statements regarding the said loss or damaged or regarding
any other matters made by any of the parties who will be released or by any
person or persons representing the parties who will be released.&nbsp; <b>Further,
the Releasors understand and agree that no representations, warranties or
covenants are being made as to (1) the past, present or future value of the
Shares, or the business or as to the future viability of Newport</b>.
According, the Releasors waive their right to make any claim against the
Releases.</font></p>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none'><font
size=2 face="Times New Roman">IN WITNESS WHEREOF the Releasors have duly
executed this Release effective as of August 20, 2008.<u> </u></font></p>
<font face="Times New Roman" size="2">
<br style='mso-ignore:vglayout' clear=ALL>

</font>

<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none'><font
size=2 face="Times New Roman">Per: Authorized Signatory<br>
Print Name: Rafik Youssif</font></p>

<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none' align="center">
<font face="Times New Roman" size="2">B-1</font></p>

<u><font size=2 face="Times New Roman"><hr color="000080" size="1">
</font></u>
<p align=center style='text-align:center;mso-layout-grid-align:
none;text-autospace:none'><b style='mso-bidi-font-weight:normal'><font size=2
face="Times New Roman">EXHIBIT C</font></b><font face="Times New Roman"><u><font size=2><br>
<br>
</font></u><b style='mso-bidi-font-weight:normal'><u><font size=2>ACKNOWLEDGEMENT OF DEBT HOLDER<br
style='mso-special-character:line-break'>
<br style='mso-special-character:line-break'>
</font></u></b></font></p>

<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-layout-grid-align:none;text-autospace:none'><b style='mso-bidi-font-weight:
normal'><font size=2 face="Times New Roman">TO</font></b><font size=2 face="Times New Roman">: Newport
Gold, Inc. (&#8220;<b style='mso-bidi-font-weight:normal'>Newport</b>&#8221;)</font></p>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-layout-grid-align:none;text-autospace:none'><font size=2
face="Times New Roman">The undersigned, Rafik Youssif, (&#8220;<b
style='mso-bidi-font-weight:normal'>Debt Holder</b>&#8221;) hereby acknowledge that:</font></p>
<ol style='margin-top:0cm' start=1 type=1>
 <li style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
     normal;mso-list:l3 level1 lfo5;tab-stops:list 36.0pt;mso-layout-grid-align:
     none;text-autospace:none'><font size=2 face="Times New Roman">this
     Acknowledgement is given in connection with the Shares for Debt Conversion
     Agreement with between Newport and Debt Holder, whereby the Debt Holder is
     to receive 1,000,000 shares of common stock of Newport as full
     satisfaction of $50,000 (the &#8220;<b style='mso-bidi-font-weight:normal'>Debt</b>&#8221;)
     owed to the Debtholder by Newport.</font></li>
 <li style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
     normal;mso-list:l3 level1 lfo5;tab-stops:list 36.0pt;mso-layout-grid-align:
     none;text-autospace:none'><font size=2 face="Times New Roman">the
     debt of $50,000 owed is a bona fide, accrued debt of Newport;</font></li>
 <li style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
     normal;mso-list:l3 level1 lfo5;tab-stops:list 36.0pt;mso-layout-grid-align:
     none;text-autospace:none'><font size=2 face="Times New Roman">the
     undersigned&nbsp; has been informed
     and fully understand that by accepting shares of Newport in satisfaction
     of the Debt the Debtholder will become a shareholder of Newport and may
     receive less proceeds in the event of dissolution or liquidation of the
     assets of Newport than it would receive by remaining a creditor of
     Newport;</font></li>
 <li style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
     normal;mso-list:l3 level1 lfo5;tab-stops:list 36.0pt;mso-layout-grid-align:
     none;text-autospace:none'><font size=2 face="Times New Roman">Debtholder
     has been informed and fully understand it will receive restricted
     securities issued in reliance on applicable exemptions to the securities
     laws in United States and as a consequence:</li> </font>
 <ul style='margin-top:0cm' type=disc>
  <li style='margin-bottom:0cm;margin-bottom:.0001pt;
      line-height:normal;mso-list:l3 level2 lfo5;tab-stops:list 72.0pt;
      mso-layout-grid-align:none;text-autospace:none'><font size=2
      face="Times New Roman">Debtholder will not have certain protections, rights
      and remedies provided under the securities laws to purchasers of shares
      distributed by way of prospectus, including statutory rights of
      rescission and damages;</font></li>
  <li style='margin-bottom:0cm;margin-bottom:.0001pt;
      line-height:normal;mso-list:l3 level2 lfo5;tab-stops:list 72.0pt;
      mso-layout-grid-align:none;text-autospace:none'><font size=2
      face="Times New Roman">Debtholder may not receive information that would
      otherwise be required to be provided to it under applicable securities
      laws;</font></li>
  <li style='margin-bottom:0cm;margin-bottom:.0001pt;
      line-height:normal;mso-list:l3 level2 lfo5;tab-stops:list 72.0pt;
      mso-layout-grid-align:none;text-autospace:none'><font size=2
      face="Times New Roman">Newport is relieved of certain obligations that would
      otherwise apply under securities laws; and</font></li>
  <li style='margin-bottom:0cm;margin-bottom:.0001pt;
      line-height:normal;mso-list:l3 level2 lfo5;tab-stops:list 72.0pt;
      mso-layout-grid-align:none;text-autospace:none'><font size=2
      face="Times New Roman">resale of the securities received is restricted for a
      certain period of time;</font></li>
 </ul>
 <li style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
     normal;mso-list:l3 level1 lfo5;tab-stops:list 36.0pt;mso-layout-grid-align:
     none;text-autospace:none'><font size=2 face="Times New Roman">Debtholder
     has been informed and fully understand that it may seek independent legal,
     accounting or financial advice as to the merits of accepting securities in
     satisfaction of the debt.</font></li>
</ol>
<p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-layout-grid-align:none;text-autospace:none'><font size=2
face="Times New Roman">DATED for reference this 20<sup>th</sup> day of August, 2008.</font></p>
<table border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;mso-yfti-tbllook:480;mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
 mso-border-insideh:.5pt solid windowtext'>
 <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'>
  <td width=295 valign=top style='width:221.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  mso-border-bottom-alt:solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>

  </td>
  <td width=295 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:221.4pt;border-bottom:medium none windowtext;
  mso-border-bottom-alt:solid windowtext .5pt;padding-left:5.4pt; padding-right:5.4pt; padding-top:0cm; padding-bottom:0cm'>
  &nbsp;</td>
  <td width=295 valign=top style='width:221.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  mso-border-bottom-alt:solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'><b style='mso-bidi-font-weight:
  normal'><font size=2 face="Times New Roman">RAFIK YOUSSIF<br>
  <br>
  <br>
  <br style='mso-special-character:line-break'>
  <br style='mso-special-character:line-break'>
  </font></b></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:1'>
  <td width=295 valign=top style='width:221.4pt;border:none;mso-border-top-alt:
  solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'><font size=2
  face="Times New Roman">Witness: __________________________</font></p>
  </td>
  <td width=295 valign=top style='width:221.4pt;border:none;mso-border-top-alt:
  solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  &nbsp;</td>
  <td width=295 valign=top style='width:221.4pt;border:none;mso-border-top-alt:
  solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'><font size=2
  face="Times New Roman">Signature of Debt Holder</font></p>
  </td>
 </tr>
 <tr style='mso-yfti-irow:2'>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'><font size=2
  face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Print Name</font></p>
  </td>
  <td width=295 valign=top style='width:221.4pt;border-top-style:none; border-top-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0cm; padding-bottom:0cm'>

  &nbsp;</td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  </td>
 </tr>
 <tr style='mso-yfti-irow:3'>
  <td width=295 valign=top style='width:221.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  mso-border-bottom-alt:solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'>&nbsp;</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  &nbsp;</td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  </td>
 </tr>
 <tr style='mso-yfti-irow:4'>
  <td width=295 valign=top style='width:221.4pt;border:none;mso-border-top-alt:
  solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'><font size=2
  face="Times New Roman">Print Address</font></p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  &nbsp;</td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  </td>
 </tr>
 <tr style='mso-yfti-irow:5;mso-yfti-lastrow:yes'>
  <td width=295 valign=top style='width:221.4pt;border:none;border-bottom:solid windowtext 1.0pt;
  mso-border-bottom-alt:solid windowtext .5pt;padding:0cm 5.4pt 0cm 5.4pt'>
  <p style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:
  normal;mso-layout-grid-align:none;text-autospace:none'>&nbsp;</p>
  </td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  &nbsp;</td>
  <td width=295 valign=top style='width:221.4pt;padding:0cm 5.4pt 0cm 5.4pt'>

  </td>
 </tr>
</table>
<font size=2 face="Times New Roman">
<p align="center">C-1</p>
<hr color="000080">
</font>
</TEXT>
</DOCUMENT>
