GOLD REFINERY PROCEDURE

GOLD REFINERY PROCEDURE

FULL CORPORATION OFFER

IS NECESARY THE ACCEPTANCE OF PROCEDURE

We hereby confirming with full corporate responsibility under the penalty of perjury,

that the seller is ready, willing and able to sell the offered “AU” Bullion Bars

Commodity, according to the terms and conditions stated below.

1. PROCEDURE DESCRIPTION

COMMODITY : Gold

FORM : Gold Bars

FINENESS : 99% or better

ORIGIN : ÁFRICA (Ghana, Serra Leoa, Camerron etc)

LOCATION : Ghana

DELIVERY : CIF or FOB

QUANTITY : Agreed between Buyer and Seller

FIRST TRANCHE : 50-1000 Kg

SUBSEQUENT TRANCHES : 50-1000 Kg

DURATION : 1-60 MONTHS

PRICE : The agreed purchase price is the quoted price

in USD as set forth in the latest valid Second

Fixing Rate (PM) Issued by the London Bullion

Market Association (LBMA) on the Day-ofTransaction.

In the event that the LBMA is not

operating on that scheduled day, the price

calculation used Shall be based on second LBMA

fixing of the next change to last Market opening

day and per tranche.

DISCOUNT : 10% gross/7.0% net discount

COMMISSION : 3.0% Commission, as stated below:

1.5% to Seller side (CLOSED),

1.5% to the Buyer’s Side (Open)

PAYMENT : All PAYMENTS by clear, clean money of non-

Criminal origin and by BG/SBLC + SWIFT/WIRE

TRANSFER MT103 within maximum two (2)

Banking days or by acceptable financial

Instrument to be agreed between parties.

2. PROCEDURES

- Buyer sends SBLC (Bank Guarantee)

- The seller will be responsible for all fees, taxes, transport and insurance until the

arrival of Airport gold buyer.

- The buyer will be responsible for the gold coming into your country (customs duties)

and transportation to their refinery.

DETAILS OF THE DELIVERY OF PROCEDURE: CIF

The operation is being performed as an "Off-Market Private Transaction" managed

exclusively within the banking system.

The procedures are fully compliant database and have been approved by the host Seller

Bank. The processes are generally as follows:

a) Buyer appoints the destination for the delivery of the first installment.

b) The seller approves the destination specified by the buyer.

c) Following the adoption of the delivery destination by Buyer and Seller, this contract

will be signed and copy exchanged between buyer and seller by email considered as the

original copy.

d) The buyer along with your office bank will send proof of funds letter of credit

directly to the seller's bank bank agent.

e) Within one (1) banking international business days of the Bank's confirmation

guarantee the seller, the seller must instruct tested and reliable shipping company

named for the first shipment out of the total refinery buyer designated

f) The seller will deliver the gold at the airport as contract and from that time, the

buyer will be responsible for gold for the country and, as the transport gold to buyer's

refinery

g) Upon completion of the test at the refinery designated by the buyer, the buyer must

send a copy of the test report to the seller by e-mail address or fax.

h) within one (1) business days after the end of the trial the buyer must transfer the

payment of the first installment, according to what appears in the test report to the

designated bank account of the seller and the seller shall instruct the Agent transport

that accompanied the expedition to liberate the gold bars to the buyer and transfer the

title on behalf of the buyer or his representative.

i) At the time of final payment to the seller, the buyer shall deduct the amount agreed as

commission and deposit the amounts according to the NCND signed with mandates and

intermediate data.

delivery process:

- Seller sends FCO to the buyer.

- Buyer send LOI to the seller

- The seller sends SPA agreement with NCNDA contracts for all involved in the

commissioning signal.

- With contracts signed, the seller and the buyer submit their contracts with their banks

- Buyer sends Bank Guarantee Bank seller to the first portion (500 kg)

- After one (1) business day of confirmation of the bank guarantee, the seller confirms

with your shipping company to send the gold to the contracted site

PROCESS OF PROPERTY TRANSFER:

1) Upon arrival at the Airport Free Zone Buyer before the custom clearance procedure

with the coordination of the refinery, gold shipment will be recorded in the seller

Name.

2) gold shipment will be properly marked, the original bill of gold will be signed with

the number of cargo tracking.

3) The property will not be changed and can not be changed until the final payment and

full of the purchase money will be carried out according to the test report by Swift.

bank transfer to the designated bank account of the seller, bank to bank.

4) customs clearance costs and import charges and costs for safe and secure

transportation from the airport location to the location of the refinery will all be

covered by the Buyer.

5) The seller / owner or his representative will be asked to approve and

acceptance and confirmation and approval of the test report and published its

definition of components contained for gold semi refined.

6) To start the payment procedure gold fineness / purity should be allowed from

salesman.

7) After confirming the seller / Essay purchase Report buyer cash owner

payment procedure can begin. Normally, bank transfer, at the base of the bench,

optionally order other special request for payment must be negotiated and should be

approved as an annex to this document FCO.

8) After full payment of the certificate will be issued for the transfer of ownership.

basic options for the transfer of ownership:

A: The seller / owner had agreed to automatically transfer property under condition of

full payment and after the bank confirmation that the seller / owner received the full

amount of payment purchase money according to the contract and according to the test

report I accepted and authorized.

B: The seller / owner shall be authorized document to the dealer. The representative of

the seller / owner will be present throughout the process of smelting / refining.

Moreover, after the acceptance and approval of the representative of the seller test

report / owner will also the necessary authorization for the transfer of ownership.

NOTICE TO BANK buyer / purchaser. electronic copy or FAX IS LEGAL / Binding:

PAYMENT TERMS & Payment Guarantee

1) Within two days (1) Bank of signing the Sales and Purchase Agreement, the buyer

must provide the Bank via MT 799 TO NEAR bank to bank is the first installment of 500

kg per month. Upon receipt, confirmation and acceptance of the buyer via SWIFT MT-

799 in accordance with agreed wording. Payment will be made via MT 103 within 48

hours of testing on Refinery Buyer.

2) To pay the seller should be made by bank transfer SWIFT to the designated bank

account of the seller within 24/48 bank hours after the final test and after satisfactory

completion of the refining and simultaneous transfer of the Gold title (ownership).

3) At the same time the buyer pays the seller, you must authorize the payment to the

commissioners described in NCNDA attached to the SPA Agreement