Gold Dore Bars, 95% or better, 10% gross/7% net discount

FULL CORPORATE OFFER

We hereby confirm 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. PRODUCT

COMMODITY :

Gold FORM :
Gold Dore Bars
FINENESS : 95% or better
ORIGIN : ÁFRICA (Ghana,Sierra Leone,Cameroon, Congo, Segenal etc)
DELIVERY : CIF or FOB in Buyer's option
QUANTITY : Agreed between Buyer and Seller
FIRST TRANCHE : 250-500 Kg
SUBSEQUENT TRANCHES : 250-500 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 of Transaction. In the event that the LBMA is not operating on that scheduled day, the price calculation to be used shall be based on second (PM) LBMA fixing on the first working day after the last Market open day and per tranche.

DISCOUNT : 10% gross/7% 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

a) Seller's sends FCO on his Letter-head, duly signed and stamped. Buyer verifies, makes amendments (if any) and sends it back to Seller. Once both Principals agree on the final format of FCO, they mutually sign it.
b) Seller issues Draft-SPA and sends it to Buyer. Buyer verifies, makes amendments (if any) and sends it back to Seller.
c) Once both Principals agree on the final format of SPA, they:
* Organize direct CC between Seller's bank authorized officer and Buyer's bank authorized officer
* Both officers confirm availability of product (POP,SKR) and funds (POF)
d) Seller and Buyer sign SPA and lodge it their banks
e) Buyer sends SBLC (MT760) or Bank Guarantee (MT758) as finally agreed
* The seller will be responsible for all fees, taxes, transport and insurance until the arrival of the gold at the Buyer's nominated International Airport Free Zone at destination.
* After arrival, the Buyer will be responsible for all customs duties and costs for the safe delivery of the gold to Buyer's nominated refinery at destination.

3. TERMS/PROCEDURES OF THE DELIVERY :

CIF

a) The operation is being performed as an "Off-Market Private Transaction" managed exclusively within the banking system.
b) The procedures, following here-below, have been approved by the Seller's and Buyer's banks:
b1) Buyer declares the destination for the delivery of the first tranche; Seller approves it.
b2) Buyer's bank issues SBLC (MT760) or BG (MT758), non-operative
b3) Seller's bank issues 2% PB, rendering SBLC or BG operative
b4) Seller transports the gold by Air-Company to Buyer's nominated International Airport. Min 72 hours prior to the transporting flight, Seller sends to Buyer all necessary documents as will be mutually agreed upon in the final SPA format.
b5) Upon completion of the final test/assay at the refinery designated by the buyer, the Buyer must send a copy of the test/assay report to the Seller by e-mail or fax.
b6) Within two (2) business days after the issuance of the final test/assay, Buyer must transfer the payment of the first tranche by MT103 in accordance to the figures, which appear in the final test/assay report to the designated bank account of Seller; and Seller shall instruct his Agent accompanying the gold bars to free it to Buyer and to transfer the title to Buyer.
B7) At the time of final payment to Seller, Buyer shall deduct the amounts agreed as commission and deposit them according to the IMFPA/NCNDA signed with mandates and intermediaries.

4. PROCESS OF PROPERTY TRANSFER:

a) Upon arrival at the Airport Free Zone and before the custom clearance procedure Buyer will coordinate with the refinery the gold shipment to be recorded in the Seller's Name.
b) Gold shipment will be properly marked, the Original Airway Bill of gold will be signed with the number of cargo tracking.
c) The property will not be changed and can not be changed until the final payment is duly received and confirmed by Seller's bank.
d) After full payment, the respective certificate will be issued by Seller for the transfer of ownership as follows:
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