Whitepaper | P a g e ALBARIT whitepaper v1.07 ALBARIT CAUTIONARY STATEMENT REGARDING LOOKING-FORWARD STATEMENTS This whitepaper includes statements, which, to extent that non-historical

ALBARIT

The first decentralized token of natural mineral

Whitepaper

VERSION 1.07

Aug 2018

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ALBARIT whitepaper v1.07 ALBARIT

CAUTIONARY STATEMENT REGARDING LOOKING-FORWARD

STATEMENTS

This whitepaper includes statements, which, to extent that non-historical facts

are mentioned, constitute affirmations of the future. These statements can be

identified through the use of a terminology including the terms: "plans",

"projects", "may", "will", "could" or "should" or, in each case, its negative or

other comparable variations or terminology, or through discussions of strategy,

plans, commercial perspectives, objectives, goals, future events or intentions.

These statements of expectations appear in various places throughout this

whitepaper and include, among others, statements about our intentions, beliefs

or current expectations related, among other facts, to the ALBARIT business

model, development costs, liquidity, perspectives, growth, strategies,

expectations on the development of this token and blockchain technology.

By their nature, looking-forward statements involve risk and uncertainty because

they are related to future events and circumstances. We urge you carefully

review this whitepaper, particularly the subsection “Terms and Conditions” in

section “Legal Disclaimer” of this whitepaper, for a more complete discussion

of the risks of an investment in ALBARIT tokens. Although we believe that the

expectations reflected in the looking-forward statements are reasonable, we

cannot guarantee the actual results. Many factors discussed on this whitepaper,

some of which are beyond our control, will be important in determining the

future performance of the ALBARIT token platform and whether it will be

launched as currently anticipated by us. Consequently, actual results may differ

materially from those that might be anticipated from looking-forward

statements. In light of these and other uncertainties, you should not regard the

inclusion of a statement in this whitepaper as a representation by ALBARIT.

ALBARIT (or, as the case may be, any other entity established and used for the

purposes of the ALBARIT platform development) cannot guarantee with

certainty that its plans and objectives will be achieved as they were planned. We

do not undertake any obligation to update any looking-forward statements,

whether because of new information, future events or otherwise, except as

required by law.

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IMPORTANT NOTICES

This whitepaper has been prepared to provide information about the investment

in the ALBARIT tokens and is to be used solely in connection therewith.

Remember that this report has been prepared for you or it has been made

available to you for full access, on the basis that you are a person into whose

possession this whitepaper, may be lawfully delivered or you otherwise may

lawfully access this whitepaper in accordance with the laws of the jurisdiction

in which you are located. You may not, nor are you authorized to deliver this

whitepaper to any other person in any jurisdiction where it would be unlawful to

do so.

This document does not constitute an initial public offering or other shares

offering type. Owning any token related to ALBARIT platform does not

constitute a share of equity of, or ownership of ALBARIT platform, and no

dividends guaranteed on ALBARIT tokens that have not duly specified in this

document.

By making an investment decision, prospective investors must rely on their own

review of ALBARIT business model and the tokens issued under ALBARIT

platform, including merits and risks involved. Prospective investors should not

take to mean contents of this whitepaper as legal, business, tax, accounting,

investment, financial or other advice. We truly urged each prospective investor

to consult their own advisers as to legal, business, tax, regulatory, accounting,

financial and any other consequences of its ALBARIT tokens investment.

The funds received as part of ICO selling process will not the transferred to the

project wallet until the soft cap is reached so; the investment will be on hold as

guarantee to investor. It is very important to mention that in case the soft cap is

not reached at the end of the ICO´s phases, the initial investment will be

reimbursed back to investors.

It is our duty and intention to manifest the commitment to make this a transparent

business model, adhering to local and international laws, and of course, as

successful as possible for each of our investors from any level and geographical

location.

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CONTENTS

Executive Summary

4

Business Strategy

6

ALBARIT Token Highlights

8

Problem Statement

9

Vision

9

Business Model

9

Token Sale

13

Why contribute to ALBARIT Token?

15

Funds Allocation

15

What is Barite?

16

Uses and Application of Barite 17

Drilling Grade Barite 17

Barite Market Opportunity Analysis

18

Barite Price Estimate 19

ALBARIT Team

21

Roadmap

Legal Disclaimer

26

27

ALBARIT social media

33

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EXECUTIVE SUMARY

ALBARIT was develop with the main purpose of creating a token destined to

market the barite mineral (barium sulphate). We are pleased to be able to

introduce this opportunity to oil service companies, investors and people in

general willing to be part of the token ALBARIT investor community. This

investment offer represents a decentralized investment proposal through the

ALBARIT token for exploitation, processing and to market the barite mineral

with huge importance within oil extraction operations.

ALBARIT is betting to be the long-term leader in the Gulf of Mexico region in

the supply of refined barite in order to meet the growing demand of this mineral

for drilling fluids over the next 20 years.

In recent years, the drop in international prices of crude has affected the oil sector

and in particular, the Gulf of Mexico region, the oil and gas industry of this

region has a huge potential for latent reserves that can lead to an improvement

in current and future crude production.

The Gulf of Mexico region has very interesting oil & gas resources, which are

located in several locations and regions of the Gulf of Mexico, from terrestrial

fields to shallow waters, deep waters and ultra-deep waters. At the time of

writing, particularly in Mexico, there are 107 oil contracts awarded through

bidding processes to national and international companies for the exploration

and extraction of hydrocarbons, which are part of the investment processes in

Mexico since 2015 to date.

Of the 107 contracts achieved, thirty percent are in shallow water; while 25

percent are deep-water and forty-five percent are in land-based fields. In total,

14 international public tenders have carried out in which 73 companies from 20

countries have participated.

ALBARIT is a token that will allow, through blockchain technology and through

the support of Ethereum's smart contracts to process and market barite from each

mine previously added to ALBARIT's smart contract.

The smart contract under the ERC20 standard, in a flexible and dynamic way,

will allow the addition of barite mines, as added nodes, from different locations

worldwide, initially from Mexico locations and others Central America

countries, which will gradually allow add tokens to the ALBARIT portfolio until

the 170 million ALBARIT tokens have sold.

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As part of the investment warranty, the investing partners will have the

opportunity to exchange the ALBARIT tokens from their wallet by its equivalent

in tons of barite mineral. The token exchange might be made beginning on May

9th, 2020. The goal of this exchange phase on the part of ALBARIT is precisely

to offer the investment partners, trading options of the tokens acquired.

Depending on the production and the refining process of the barite, could be

reduced the date indicated.

The value defined for each ALBARIT token is one US dollar (1.00 USD / token

ALBARIT), while the ALBARIT project includes in the initial coin offering

(ICO) four phases, as described below:

Phase 1. ALBARIT Private Sale

Phase 2. ALBARIT Pre-Sale

Phase 3. Pre-ICO ALBARIT

Phase 4. ICO ALBARIT

As part of the initial coin offering, each phase shows a price discount on the

purchase of tokens ALBARIT as indicated:

Private Sale, 37% discount.

Pre-Sale 35% discount.

Pre-ICO 32% discount.

ICO 30% discount.

This project has planned to reach 20 years in order to cover the milling of the

total of the barite mineral. Depending on the token supply and demand, it is

possible that the number of tokens estimated by ALBARIT will be exhausted

before the time limit, if this happens; the ALBARIT smart contract is flexible

and allows the addition of a new number of tokens.

Once the period of the project is close to expire, it will be evaluated in order to

decide if it is necessary to create a new token to replace the original ALBARIT

token through a hardfork. This instrument is a proper way to extend the

ALBARIT project over the twenty-year’s period.

This ICO sale seeks to raise funds to speed up the development of the building

project of two barite-processing plants in, beginning with the extraction of barite

mineral from “Cardoso” and “Punta al Cielo” mines and then adding new mines

to the project through the ALBARIT smart contract.

The first phase of quarrying operations starts with Cardoso and Punta al Cielo

mines. Cardoso mine is part of the assets of MARACO Company. These mines

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belong to the first ALBARIT partners that will be add to the ALBARIT project.

ALBARIT will trade the refined barite mineral through the ALBARIT tokens.

In addition, the extraction, storage and logistics operations from these mines to

the barite processing plants, that will be located in the states of Tabasco (Paraiso

city) and Coahuila (Viesca town) in Mexico, will be in charge of MARACO

Company.

BUSINESS STRATEGY

Considering as a reference the analysis of the information described in this

technical document, there are several facts to consider in the success of

ALBARIT project:

The significant growth in demand for oil and gas, driven by the continuous

increase in energy needs worldwide and due the energy restructuring of Mexico,

will boost for sure the demand of drilling muds in the near future of the Gulf of

Mexico region, which will generate a considerable increase in commercial

opportunities for the barite mineral. This will guarantee the position of the

drilling muds in the oil and gas services as the leading application area for the

barite mineral during the project period.

The barite demand in the United States is around 700,000 tons of unrefined barite

per year and is been used about 97% of barite as filler in fluids used in drilling

of oil and natural gas wells. Additionally, by the end of 2015, destination of

Mexican exports were United States, 77%; and Other Countries, 23%. This

scenario offers an excellent business opportunity for the ALBARIT project

focused towards the United States.

Additionally, it is important to highlight that, Chinese and India market

contribute 87% of barite imports by States United, therefore, it is noticed an

excellent opportunity to supply the United States market with a high quality

product according to the international standards.

In Chinese prices a premium of approximately 15% applies to the specific

Gravity (SG) 4.2 compared to the specific Gravity (SG) 4.1. There is also a

variation in the Indian price FOB being about 10% higher than China. The

requirement´s quality of barite at the Mexico Gulf region is over 4.2 g / ml and

ALBARIT will ensure a product within the standards indicated in the Mexican

and API standard.

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Get notice that, the oil contracts assigned have a closing deadline between 25

and 35 years, therefore, the activity period of the ALBARIT project (twenty

continuous years) is within the time of these contracts, consequently, it is assure

initially a region market for the supply of the barite used for the drilling mud

formulating.

An associated investment of approximately 257 billion dollars had estimated for

the universe of contracts tendered, including in this amount those corresponding

to electricity and gas pipeline projects, as part of Mexico energy strategy for the

next 25 to 35 years. The indicated manifests a strategy of gradual growth. The

International Energy Agency predicts that, in a few years, 60% of hydrocarbon

production will come from offshore projects. Due to the mentioned above, it has

expected that the demand and requirements of processed and certified barite

under national and international standards for oil drilling fluids will face a

gradual growth due to the exploration and production activities included in the

execution plans of different projects associated with the different contracts,

which are already in execution.

Additionally, owing to the geographical location of the barite processing plant

facilities which will operate in the port city of Paraiso, state of Tabasco, it is

considered the possibility of dispatching refined barite by sea to the oil area of

the middle east countries generating new business opportunities.

To processing barite mineral extracted from each mine that will be part of the

ALBARIT smart contract, there will be two Mineral Processing Plants (MPP) to

carry out the milling of the barite. These barite-processing facilities will be

located in the states of Tabasco and Coahuila, Mexico and will have a maximum

estimated capacity to process up to five thousand tons of barite mineral per

month each (5,000 tons/month). The refined barite might have as natural markets

the United States and the Gulf of Mexico region due the ALBARIT refined barite

density quality.

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ALBARIT TOKEN HIGHLIGHTS

The following table shows technical details of the ALBARIT tokens:

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PROBLEM STATEMENT

Currently, and after the global fall in oil prices, the oil economy has begun a

period of global recovery; additionally, there are structural and operational

changes in the Mexico energy industry and particularly, in the oil and gas

industries, generating new opportunities for local and foreign investment, which

will ultimately affect the medium and long-term oil exploration and extraction.

Due to the mentioned above and considering that the local barite production for

drilling fluids does not satisfy the oil & gas demand in the Gulf of Mexico and

in the united states region, it is necessary to create a strategy of gradual growth

in the refined barite production to supply the demand of this mineral.

This new scenery in the local and regional oil market will generate a demand in

the drilling muds requirements so, it is important to remark that the barite

production led by ALBARIT project under the standards of the worldwide oil

industry will satisfy the regional market requirements to attend the demand for

services during the next decades.

VISION

Considering the current oil & gas potential in the Gulf of Mexico region

including the United States region and considering the balance of 107 awarded

oil contracts through bidding processes made in Mexico, there is an ideal

scenario of gradual growth supply of drilling muds demand for oil services in

the next years. As part of the investment process in Mexico, from 2015 to date,

the estimated investment for these projects is approximately USD 257 billion, in

a time frame within 25 and 35 years. Additionally, there are other attractive

markets for the commercialization of refined barite, such as those related to the

hydrocarbon sector in the region of the Middle East countries.

BUSINESS MODEL

The ALBARIT business model has developed with the main purpose of creating

a token destined to the commercialization of barite mineral (barium sulphate,

BaSO4).

The ERC-20 is a technical standard used as a decentralized platform by

ALBARIT software development team to develop and running the smart

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contract on the Ethereum blockchain platform for the creation of the ALBARIT

tokens.

The ALBARIT tokens represent the digital asset, then these tokens represent the

tangible asset "barite mineral", and the defined equivalence belongs to the

following exchange scheme:

170 ALBARIT tokens = 1 Ton of barite processed

The ALBARIT project has defined the creation of one hundred and seventy

million (170,000,000) of ALBARIT tokens or ALBs using blockchain

technology under Ethereum protocol, which are equivalent to one million tons

(1,000,000) of refined barite.

ALBARIT uses blockchain technology under ERC-20 Ethereum protocol

This project has been planned to reach 20 years in order to cover the milling of

the total of the barite mineral. Depending on the token supply and demand, it is

possible that the number of tokens estimated by ALBARIT will be exhausted

before the time limit, if this happens; the ALBARIT smart contract is flexible

and allows specified the addition of a new number of tokens.

The project starts with the extraction and processing/refining of barite mineral

from any of the barite mines under the ALBARIT Smart Contract. As illustrated

in the following figure, using the blockchain platform and the ERC-20 standard

from Ethereum protocol, the ALBARIT smart contract add barite mines to the

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ALBARIT token project. Each mine will be subject to the terms and conditions

of ALBARIT and the tokens equivalent to the amount of tons that has offered

for each mine in particular will be included in the token wallet of the project.

The ALBARIT decentralized model add barite mines into the Smart Contract

The following figure shows the mine adding process to use the ALBARIT model

to market barite mineral.

Mine adding process to ALBARIT Smart Contract

Mine 1

Barite mineral for refining

Smart contract Under

Ethereum ERC-20

ALBARITTokens

Circulating Supply

Tokens available to

Investors

Mine 3

Mine 2

Mine n

Mine n-1

Mine 1

Mine n

Mine 5

Mine 6 Mine 4

Mine 2

Mine 3Mine n-1

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The processing of the barite mineral ends with storage and packaging of the

barite refined in bags of 50 kilograms otherwise, the barite will shipped in bulk

per ton. Each ton of mineral refined corresponds to 170 ALBARIT tokens.

The refined barite will be ready for shipment at the facilities of the ALBARIT

processing plant (F.O.B. Mill), which will be located in the port city of Paraiso,

Tabasco State, Mexico and in the second one facilities located in Coahuila state.

The following figure shows the ALBARIT token investment process:

ALBARIT token investment process

Tokens will be issue to the investors through a general or open sale, which we

will call from now Initial Coin Offering (ICO).

The ALBs tokens purchased during ICOs phases will be transfer to investors

once the tokens are released from May 6th, 2019, through a transfer process from

our website. The detailed procedure will showed to investors of the ALBARIT

tokens through internal and private communication.

The funds received as part of the ICO sale process will not be transferred to the

project's wallet until the flexible limit is reached, then the investment will be on

hold to provide guarantees to the investors during the ICO phase process.

PAYPAL

Local FIAT

Currency

ALBARIT

Token Release

ALBARIT TOKEN

DISCOUNT

Phase 1: 37%

Phase 2: 35%

Phase 3: 32%

Phase 4: 30%

ETHEREUM

(ETH)

BITCOIN

(BTC)

Personal

Wallet

Ethereum

Smart Contract

Ethereum

Investor Wallet

Ethereum

Exchanges

Local FIAT

Currency

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It is very important to mention that in case the soft cap not reached at the end of

the ICO phases, the investment will be back to investors as part of ALBARIT

project terms and conditions.

Finally, the project contemplates the quality assurance of the product, for which

the refined barite with a minimum density of 4,2 g/ml will be offered to satisfy

the requirements of the region barite mineral demand.

TOKEN SALE

The price defined for each ALBARIT token is USD 1.00.

There were defined three preliminary phases and one main phase for sale to

market the ALBARIT Tokens:

Private Sale Phase of ALBARIT tokens, Phase 1 (08.22.18 - 09.25.18).

Pre-Sale Phase of ALBARIT tokens, Phase 2 (09.26.18 - 10.30.18).

Pre-ICO Phase of ALBARIT tokens, Phase 3 (10.31.18 - 11.29.18).

ICO Phase of ALBARIT tokens, Phase 4 (11.30.18 - 05.06.18).

During the preliminary phases of ALBARIT tokens sale, the tokens will not be

transferred to investors until they are released. According to the Fintech law, the

tokens will be transferred to contributors after they are generated.

After the main round of ALBARIT (ICO-Phase 4) token sale, the ALBARIT

tokens will be issued and transferred to the investor from May 6th, 2019

(Generation Event or Token Release).

The ALBARIT tokens unsold during any sale phase will remain available in the

ALBARIT wallet.

Considering of one hundred and seventy million tokens that make up the

ALBARIT token, 20% of the total ALBARIT or ALBs tokens will be offered

during the Initial Coin Offering (ICO).

During the initial coin offering, a maximum of 34 million tokens ALBARIT will

be offered (20% of 170 million of ALBARIT Tokens).

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Phase one, Private Sale of ALBARIT tokens

Discount: 37%

ALBARIT token price (37% discount): 1.0 USD * 37% = 0.63 USD per

ALBARIT token.

Total ALBARIT tokens to be offered (15% of 34 million ALBARIT tokens) =

5,100,000 ALBARIT tokens.

Phase two, Pre-Sale of ALBARIT tokens

Discount: 35%


ALBARIT token.



Phase three, Pre-ICO of ALBARIT tokens

Discount: 32%


ALBARIT token.

Total ALBARIT tokens to be offered (35% of 34 million tokens ALBARIT) =


Phase four, ICO of ALBARIT tokens

Discount: 30%


ALBARIT token



ALBARIT ICO phases dates

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WHY CONTRIBUTE TO ALBARIT TOKEN?

During the four phases of initial coin offering (ICO) of the ALBARIT tokens,

there are attractive percentages of discount shown on the reference prices respect

to the reflected in the international markets for the barite mineral, in addition to

ALBARIT representing a business model of investment based and supported by

a "Tangible ASSET" (barite mineral).

The ALBARIT project holds from the beginning, the support of two mines of

barite mineral considered in the decentralized Ethereum smart contract;

however, the project will continuous adding new mines as part of the smart

contract scheme.

Additionally, due to the process of energy reform and the oil operations in the

Gulf of Mexico, there are large investments in the hydrocarbons sector of the

region and there is an associated investment of approximately 257 billion dollars

estimated for the universe of contracts belongs of the national strategy for the

next 25 to 35 years.

As mentioned above, you are making an investment in a tangible asset so it will

be available for you in wallets from the Ethereum platform right at the end of the

ICO phases, such as myetherwallet, ethereum wallet, mist, imtoken or

metamask) and in the Etherdelta Ethereum Exchange.

FUNDS ALLOCATION

The current envisioned use of funds as set out below:

%

Project Management & Business Development 15

Blockchain Platform development 5

Marketing 5

Legal Support 3

Operational Costs 5

Assignments for analysis, certifications 4

Assignments for purchase of machinery and equipments 38

Researches 5

Reserve 20

Total 100

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WHAT IS BARITE?

The barite (barytes) is naturally-occurring barium sulphate (BaSO4) and is the

predominant barium mineral used for industrial purposes. Barium, atomic

number 56, derives its name from Greek word "barys" which means "heavy".

The barite also known as barite, this name is in response to barite's high specific

gravity of 4.5, which is exceptional for a nonmetallic mineral. The barite’s high

density and chemical inertness makes it an ideal mineral for many industrial

applications.

The barite mainly used for its high specific gravity of 4.50 g/cm3, in addition to

its chemical and physical inertness, relative softness and very low solubility. Its

Mohs hardness is 3.0 to 3.5. Barite is found in a variety of colors including

yellow, brown, white, blue, gray, or even colorless, typically has a vitreous to

pearly luster.

The barite is found in conjunction with both metallic and nonmetallic mineral

deposits. To be economically viable for extraction, barite usually needs to be

the predominant material in a deposit. Types of deposits in which it normally is

found include vein, residual, and bedded. Vein and residual deposits are

hydrothermal origin, while bedded deposits are sedimentary.

Major deposits are located in the United States, Canada, China, Mexico and

others countries located in Central America such as Guatemala close to Mexico.

15

5

53

54

38

5

20

Project Management & Business Development

Blockchain Platform development

Marketing

Legal Support

Operational Costs

Assignments for analysis, certifications

Assignments for purchase of machinery and equipments

Researches

Reserve

15

5

53

54

38

5

20

ALBARIT PRE-SALE DISTRIBUTION FUNDS

Project Management & Business Development

Blockchain Platform development

Marketing

Legal Support

Operational Costs

Assignments for analysis, certifications

Assignments for purchase of machinery and equipments

Researches

Reserve

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In Mexico, barite deposits have found in Hermosillo, Monterrey, Durango,

Chiapas and Puebla States.

USES AND APPLICATIONS OF BARITE

Drilling Industry: Is used the overwhelming majority of extracted barite by

petroleum industry as a weighting material in formulation of drilling mud. Barite

increases the hydrostatic pressure of the drilling mud allowing it compensate for

high-pressure zones experienced during drilling. Softness of this mineral also

prevents it from damaging drilling tools during drilling and enables it to serve as

a lubricant.

Medical Industry: An application where many people have heard of barite is

within the medical field. A high-purity form of barite is used in gastrointestinal

tract where its density prevents x-ray penetration, thus is visible on an x-ray.

The outline of gastrointestinal tract thus becomes visible allowing the

determination of normal and abnormal anatomy.

Other Uses: Barite is also used in a wide variety of other applications including

plastics, clutch pads, rubber mud flaps, mold release compounds, radiation

shielding, television and computer monitors, sound-deadening material in

automobiles, traffic cones, brake linings, paint and golf balls.

DRILLING GRADE BARITE

The American Petroleum Institute (API) introduced the barite grade in August

2010.

Barite physical and chemical requirements

Source: API Specification 13A 18th Edition, August 2010

Density 4,20 g/ml, minimum

Water-soluble alkaline earth metals, as calcium 250 mg/kg, maximum

Residue greater than 75 µm Maximum mass fraction 3,0 %

Particles less than 6 µm in equivalent spherical diameter Maximum mass fraction 30 %

Requirement Standard

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BARITE MARKET OPPORTUNITY ANALYSIS

By the end of 2015, destination of Mexican exports were United States, 77%;

and Other Countries, 23%. This means that the largest amount of Mexican

exports went to the United States market as illustrated in the following graphic:

Mexican exports of Barium Sulphate, 2015

27.8 million dollars

Source: Internet Tariff Information System, (SIAVI) SE

In 2015, in the United States, the barite market for grinding was around 700,000

tons of unrefined barite, worth 91 million dollars. The exposed above, represents

an important increase of 5.5% in the production level if it is compared to 2014.

Most of the production comes from four large mines in Nevada, followed by a

smaller production volume coming from a single mine in Georgia.

In 2015, about 2.4 million tons of barite (composed of production and imports),

was sold by the companies that crush and grind this mineral and operate in eight

states of the country.

It is being used about 97% of barite sold in the United States as filler in fluids

used in drilling of oil and natural gas wells. The barite is refined in Nevada and

subsequently sold to the drilling companies in the center and west of the United

States.

United States 77%

Others 23%

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The following statistics show a ranking of the main barite producing countries

worldwide in 2017 (in thousands of metric tons).

Production in thousands of metric tons, at the end of 2017 year

As illustrated, China was the first producer of barite, with approximately 3.1

million metric tons, ahead of India and Morocco. Above is the ranking of the

main barite producing countries worldwide in 2017.

BARITE PRICE ESTIMATE

The barite prices are linked to purity and in case of drilling-grade barite, the

Specific Gravity (SG) as illustrated by current FOB ("Freight On Board")

Chinese prices where a premium of approximately 15% applies to Specific

Gravity (SG) 4.2 compared to Specific Gravity (SG) 4.1.

There is also a variation in price according to source, as illustrated by current

Indian FOB being about 10% higher than China.

The primary market of ALBARIT will be the Gulf of Mexico and the United

States, so for these purposes, the reference price per ton of Barite processed has

China

India

Morocco

Iran

Kazakhstan

Russia

Turkey

Thailand

Pakistan

Mexico

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established through the publication issued by Mineral Commodity Summaries

2018:

https://minerals.usgs.gov/minerals/pubs/mcs/2018/mcs2018.pdf

Source: USGS Mineral Commodity Summary

As shown below in the graphs, barite prices have been relatively steady until

approximately 2017 with an average higher than 170 dollars. This will then be

the reference considered to set the initial token price per ton of barite processed

by ALBARIT.

YearEstimated price USD, ground, average

value, dollars per ton, F.O.B. Mill

Estimated price USD, average value,

dollars per ton, F.O.B. Mine

2011 168 94

2012 187 107

2013 181 116

2014 191 125

2015 194 123

2016 187 116

2017 170 99

Barite Mineral Commodity Summaries

F.O.B Mill and F.O.B Mine Comparative Chart

The U.S. Geological Survey (USGS)

Commodities Summaries reference

has been considered in order to

estimate the "Barite price / ton” by its

equivalent in ALBARIT tokens.



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Barite Mineral Commodity Summaries F.O.B Mill and F.O.B Mine Comparative Chart

Source: USGS Mineral Commodity Summary

ALBARIT TEAM

A multidisciplinary team integrates ALBARIT project with proven experience

from several projects, applications and works carried out throughout from

United States of America to Chile, including the Caribbean countries.

_____________

Francisco Sosa

CEO

Specialist in reliability and risk engineering with a

Master’s Degree in Reliability and Risk

Engineering. 26+ years of experience consultancy

in project management, reliability, design and

execution of control systems and engineering for

the metal, mining, oil and gas (offshore & onshore)

Greenfield & brownfield and manufacturing.

Proven ability to manage large scale projects

consistently, ensuring delivery of these

engagements within time and budget constraints.

0

50

100

150

200

250

2011 2012 2013 2014 2015 2016 2017

Estimated price USD, ground, average value, dollars per ton, F.O.B. Mill

Estimated price USD, average value, dollars per ton, F.O.B. Mine

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_______________

Federico Carrera

SOFTWARE ARCHITECT MANAGER

14+ years of experience in the IT industry

coordinating, managing and delivering support

Web related application projects for global

companies. Expertise coordinating and managing

cross-functional and multicultural teams aligned to

provide software application solutions. Expertise

on Project Management areas such Resource

planning, Financial and Cost planning, Risk and

Problem Management.

______________

Rogelio Gutierrez

SOFTWARE DEVELOPMENT MANAGER

13+ years of experience as software developer

using Java SE, Java EE and .Net, participating in

the gathering of requirements, design,

development (backend and frontend) and support

of the software. Expertise on Oracle Development

Process, PostgreSQL, SQL Server and Apache

Derby.

_____________

José Luis Gutiérrez

ENGINEERING MANAGER

26+ years of experience in project management

and telecommunications consultancy, management

of teamwork’s, management and development of

customer service units. Management and control of

strategies for the planning of software and

hardware engineering. Successful projects

management around fifty million dollars.

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______________

Susanna Gomez

MARKETING DIRECTOR

Susanna Gomez is a professional a with more than

20+ years of experience in coordination and

counseling of Technical Services, customer

services and proven experience in support

Industrial Marketing area. Susanna has performed

key roles in companies of Energy and Services

sector, being an integral part of multidisciplinary

teams.

______________

Martin Vicente

SOFTWARE APPLICATION DEVELOPMENT

Development of applications under Java, PHP &

HTML. C++ applications expertise and SQL

programming languages and under the MySQL

database management system.

_____________

Cecilia Buelvas

QUALITY AND PROCESSES MANAGEMENT

COORDINATOR

17+ years of experience in the implementation of

quality management systems, documentation and

audit of processes and process maps. Process

monitoring and process management indicators.

Planning and internal audit of the project.

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______________

Martha Cueto

COMMUNITY MANAGER

Expert in media management, public relations and

corporate Identity. 10+ years of management

experience and coordination in local, national and

international media. Organization of corporate

events and management of corporate images for the

creation of new marketing and audiovisual

production projects.

______________

Lucia Martinez

LEGAL ADVISOR

14+ years of experience as Legal Counsel, Tax

Auditor and Advisor for Tax Administration

Services.

________________

Marzia Markovich

CONSULTANT GEOLOGIST

Professional with more than 10+ years of

experience in research, geological characterization,

exploration, evaluation, exploitation and use of

energy resources and minerals. Active

participation in environmental impact assessment,

threats, geological risks and territorial planning.

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_____________

Jorge Solis

ENGINEERING ADVISOR

10+ years of experience in IT and electronics,

specialty in development of Digital Systems,

Hardware and Software. Holds certifications in

CMMI level 3, IT Link, Agile Methodology and

PMI. Industrial Design Engineer with an MBA

from the Tec de Monterrey, founder of technology

development companies specializing in hardware

and software development for the oil industry, as

well as the development of technological products

and prototypes.

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ALBARIT ROADMAP

Definition of the business model

Business planning and strategy

Research and development

Promotion and Website Launch

Pre-Sale Token ALBARIT

Pre-ICO Token ALBARIT

ICO Token ALBARIT

Starts technical work and logistics at the barite mines

Starts build up of the Plants for mineral processing

Quarrying in the barite mines

Formalize ALBARIT contracts with other mines

The milling of the barite mineral begins

Start of the exchange process, tokens by its equivalent of barite ton

Evaluation of options due to expiration of 20-year contract

Mar 3rd, 2018

Mar 17th, 2018

Apr 3rd, 2018

May 8th, 2018

Oct 31st, 2018

Nov 30th, 2018

Oct 30th, 2019

Dec 18th, 2019

Dec 25th, 2019

Jan 27th, 2020

May 09th, 2020

Jan 9th, 2039

Token ALBARIT ReleaseMay 06th, 2019

Start up of the new partners mines processingJan 30th, 2020

Private Sale Token ALBARITAug 22nd, 2018

Sep 26th, 2018

Oct 23rd, 2019

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LEGAL DISCLAIMER

1. Terms and Conditions

Your participation in the pre-sale and ICO of ALBARIT implies the acceptance,

understanding and affirmation of the following terms and conditions:

I accept and understand that ALBARIT will not share my data with external

companies and will only be used to verify my identity. Your data will be stored

with the highest security standards and at any time you can send an email to

[email protected] requesting the deletion of your data and therefore your

account in albarit.io

I accept and understand the vision and mission of ALBARIT to promote the

global crypto economy in the medium and long term, and declare that I am

exchanging my cryptocurrencies or fiat money by ALBARIT tokens under my

own responsibility.

I accept and understand that I am not participating in any guaranteed investment

scheme or pyramid scheme and that my purchase is to receive a virtual product

or token that I can use in the ALBARIT platform and Marketplace, as well as

decentralized wallets such as myetherwallet.com, ethereum wallet, mist,

imtoken or metamask from dates of the release of the tokens.

I accept and understand that I can exchange my ALBARIT Tokens in exchange

plattforms or exchanges sites where other digital assets are changed for

cryptocurrencies or fiat money from the dates of the release of the token and

that I might perceive a valuation of the currency of according to the growth and

adoption of the ALBARIT project and token in general.

I accept and understand that I will be able to exchange my ALBARIT Tokens in

the Barite processing plant in the plant's facilities ALBARIT which will be a

subsidiary of Maraco Construcciones S.A. de C.V.

I accept and understand that I will be able to see my "provisional balance of

ALBARIT " on the ICO website https://albarit.io once the payment has been

confirmed (24 working hours).

I accept and understand that I am participating in a "presale" and therefore I will

receive my ALBARIT tokens in my compatible wallet (myetherwallet.com,

ethereum wallet, mist, imtoken or metamask) once the ICO starts. Additionally,

I understand that I will not be able to transfer or use my ALBARIT Tokens until

28 | P a g e


the end of the ICO since this measure is taken to avoid reselling or unauthorized

use of the token during the ICO.

I accept and understand that the funds I have decided to use for the pre-sale of

ALBARIT come from funds that I can spend without risking my capital or

financial heritage.

I accept and understand that my exchange or purchase is final and non-

refundable. I accept and understand that I will not be able to make any kind of

claim in case of providing an erroneous wallet or Smart contract or if I do not

take properly security measures necessary to store my ALBARIT Tokens in a

safe way in www.myetherwallet.com or in another compatible wallet, or in case

that an event not under ALBARIT 's control occurs such as hackers attacks or

computer viruses.

I accept and understand that the purchase of an ALBARIT package provides me

the possibility to participate in a pre-sale discount which is defined in the price

for each token of USD 170,00 and on this price a discount of 37% will be

calculated on the private sale phase; 35% in the Pre-sale phase; 32% in the Pre-

ICO sale and 30% in the ICO phase.

I accept and understand that once I send this form, I will be shown a page with

the summary of my order where I must click on the "Place the order" button.

After that I will be able to see the page where will be the address where I must

send my bitcoin or ethereum or the page will redirect me to the Paypal account

and complete my payment. * We recommend you use a high mining or transfer

fee ($ 10 USD in BTC approximately) on the Ethereum platform, this means

GAS so your order can be confirmed in a few minutes. This helps the blockchain

to be lighter and consume fewer resources.

We reserve the right, in our exclusive and complete criteria, to change these

terms and conditions of use and privacy at any time, by displaying the page

https://albarit.io of new terms and conditions of Use and Privacy.

It is your responsibility to periodically verify any changes we might make to

these terms and conditions. Your continued use of this page after the submission

of new terms and conditions implies and signifies your acceptance of the changes

made.

I accept and understand in terms of the 34th Article of the Law to Regulate

Financial Technology Institutions, that at its letter says: “The ITFs that operate

29 | P a g e


with virtual assets must disclose to their Clients, in addition to the provisions of

this Law, the risks that exist for entering into transactions with this assets, which

must include, at least, informing them in a simple and clear way on their website.

Internet or medium that they use to provide their service, the following: I. The

virtual asset is not legal currency and is not supported by the Federal

Government or by the Bank of Mexico; II. The impossibility of reversing the

operations once executed, if applicable; III. The volatility of the value of the

virtual asset, and IV. The technological, cybernetic and fraud risks inherent in

virtual assets. Likewise and for its knowledge the authorization to carry out

operations within this virtual assets operations financing platform is in process,

so the current operation of the platform is not an “activity supervised by the

Mexican authorities” and is defined that all investment is a risk.

2. Notice of Privacy

In accordance with the provisions of Federal Law on the Protection of Personal

Data Held by Individuals, ALBARIT puts the following privacy notice available

to you.

ALBARIT, is responsible for the use and protection of your personal data, in this

regard and in compliance with the legal obligations established in the Federal

Law on Protection of Personal Data Held by Private Parties, through this

instrument the holders of the data are informed , the information that is collected

from them and the purposes that will be given to the information said.

In addition to the foregoing, we inform you that Albarit has its address located

at:

Avenida 27 de Febrero number 2214 Centro, Colonia Atasta CP: 86100

The personal data we collect from you will be used for the following purposes,

which are necessary to specify our relationship with you as well as meet the

services and / or orders you request:

Verify your identity and make sure that the tokens acquired in our online

platform will be delivered to your account.

To carry out the purposes described in this privacy notice, we will use the

following personal information:

First name

Telephone contact

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Home

Email

Birthdate

On the other hand, we inform you that your personal data will not be shared with

any authority, company, organization or person other than us and will be used

exclusively for the purposes indicated.

You have at all times the right to know what personal data we have about you,

what we use them for and the conditions of use we give them (Access). Also, it

is your right to request the correction of your personal information if it is

outdated, inaccurate or incomplete (Rectification); likewise, you have the right

to have your information removed from our records or databases when you

consider that it is not being used properly (Cancellation); as well as to oppose

the use of your personal data for specific purposes (Opposition). These rights are

known as ARCO rights.

To apply any of the ARCO rights, the respective request must be submitted

through the following email address:

[email protected]

The foregoing will also serve to know the procedure and requirements for the

appliance of ARCO rights, however, the request to apply these rights must

contain the following information:

User

First name

Phone

Email

Content or reason for the request

The response to the request will be given in 24 business hours and will be

communicated as follows:

Through a confirmation email

The contact details of the person or department of personal data, which is in

charge of processing the ARCO rights applications, are the following:

mailto:[email protected]

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a) Name of the person in charge: Compliance Department

b) Address: Avenida 27 de Febrero number 2214 CP 86100

c) Phone: 52 993 1604752

d) Email: [email protected]

e) Another way of contact: https://albarit.io.

It is worth mentioning that at any time you can revoke your consent for the use

of your personal data. In the same way, you can revoke the consent that, in your

case, you have granted us for the treatment of your personal data. However, it is

important that you keep in mind that in all cases we can not meet your request

or terminate the use immediately, since it is possible that for some legal

obligation to continue to treat your personal data. Also, you must consider that

for certain purposes, the revocation of your consent will imply that we can not

continue to provide the service you requested, or the conclusion of your

relationship with us.

To revoke the consent that you grant in this act or to limit its disclosure, you

must submit the corresponding request through the following email:

[email protected]

In the same way, you may request the information to know the procedure and

requirements for the revocation of the consent, as well as limit the use and

disclosure of your personal information, however, these requests must contain

the following information:

User

First name

Phone

Email

Phone

The response to the request for revocation or limitation of disclosure of your data

will be given no later than 7 working days and will be communicated as follows:

Through an email

The contact details of the person or department of personal data, which is in

charge of processing the ARCO rights applications, are the following:



32 | P a g e


a) Name of the person in charge: Compliance Department

b) Address: Avenida 27 de Febrero number 2214 CP 86100

c) Phone: 52 993 1604752

d) Email: [email protected]

e) Another means of contact: https://albarit.io.

It is worth mentioning that at any time you can revoke your consent for the use

of your personal data. In the same way, you can revoke the consent that, in your

case, you have granted us for the treatment of your personal data. However, it is

important that you keep in mind that in all cases we can not meet your request

or terminate the use immediately, since it is possible that for some legal

obligation to continue to treat your personal data. Also, you must consider that

for certain purposes, the revocation of your consent will imply that we can not

continue to provide the service you requested, or the conclusion of your

relationship with us.

To revoke the consent that you grant in this act or to limit its disclosure, you

must submit the corresponding request through the following email:

[email protected]

In the same way, you can request the information to know the procedure and

requirements for the revocation of the consent, as well as limit the use and

disclosure of your personal information, however, these requests must contain

the following information:

User

First name

Phone

Email

Phone

The response to the request for revocation or limitation of disclosure of your data

will be given no later than 7 working days and will be communicated as follows:

Through an email

This privacy notice may suffer modifications, changes or updates derived from

new legal requirements; of our own needs for the products or services we offer;

of our privacy practices; of changes in our business model, or for other reasons,

for which, we promise to keep you informed about the changes that may occur

https://albarit.io/


33 | P a g e


to this privacy notice, however, you can request information on whether it has

suffered any change to through the following electronic address:

https://www.albarit.io

ALBARIT SOCIAL MEDIA

The ALBARIT project is available through the following website:

https://albarit.io/

You can check our publications on the following social networks:

Linkedin: https://www.linkedin.com/company/albarit/

Twitter: https://twitter.com/AlbaritIco

Facebook: https://www.facebook.com/albarit.io

Telegram: https://t.me/englishalbarit

Reddit: https://www.reddit.com/user/Albarit

https://www.albarit.io/

https://albarit.io/

https://albarit.io/

https://www.linkedin.com/company/albarit/

https://www.linkedin.com/company/albarit/

https://twitter.com/AlbaritIco

https://twitter.com/AlbaritIco

https://www.facebook.com/albarit.io

https://www.facebook.com/albarit.io

https://t.me/englishalbarit

https://t.me/englishalbarit

https://www.reddit.com/user/Albarit

https://www.reddit.com/user/Albarit

Documents

Whitepaper | P a g e ALBARIT whitepaper v1.07 ALBARIT CAUTIONARY STATEMENT REGARDING LOOKING-FORWARD STATEMENTS This whitepaper includes statements, which, to extent that non-historical