PRODUCT NAME AND DESCRIPTIONS:

COMMODITY           : Gold Bullion (Aurum Utalium)

FORM                        : 12.5 kilo bars of GLD Standard

FINENESS                  : 999.5%/1000 or better

HALLMARK             : Internationally accepted hallmarks

AGE                           : Less than five (5) years.

ORIGIN                     : MALI/BURKINA FASO/ GUINEA NORTH AMERICA/CANADA

LOCATION               : Credit Swiss, UBS, HSBC Bank Depository

DELIVERY                : FOB/CIF

QUANTITY                : 6,000 MT with rolls and extensions up to 24,000MT.

FIRST TRANCHE      : According to buyer request

PRICE: The agreed purchase price is the quoted price in USD or EUR 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 used shall be based on second LBMA fixing of the next change to last Market opening day and per tranche.

DISCOUNT: 12% Gross Discount, 8% Net to Buyer 4.0% Commission {2% to Seller’s side (closed)/ 2% to Buyer’s side opened}.

PAYMENT   : All PAYMENTS by clear, clean money of non-criminal origin and by SWIFT/WIRE TRANSFER MT103 within maximum three (3) banking days.

PROCEDURES:

1)      Buyer agrees one of the procedures

2)      Seller agrees to issue Full Corporate Offer (FCO) with banking coordinates and contract number to end Buyer, valid for 15days. 

3)       Buyer or Buyer’s Mandate agrees to sign and seal FCO as acceptance of terms and conditions, submit Draft Sales and Purchase Contract for Seller’s approval or amendments if any and submit signed and sealed NCND-IMFPA for Seller’s acceptance. 

4)      Seller sends draft contract including banking and attorney bank details to the buyer.

5)      Buyer returns draft contract countersigned.

6)      Within two (2) Banking working days after signing the Sales and Purchase Contract and, the Buyer will pay the Bank gold bullion Indemnity Refundable Deposit (IRD) to the seller’s Bank attorney trust account  upfront before the TTM for issuance of the SKR/POP for the quantity of first transaction  to Buyer for his verification. The IRD is US$ 55,000 (USD Fifty Five  thousand) when  first tranche is 2 MT , which will be refunded after the TTM or deducted from final payment of the Gold by the Buyer. The SKR/POP will be in the name of the seller. The Buyer is able to verify the SKR/POP after the bank attorney receipt and confirmation of buyer’s IRD upfront payment.

EXPLANATION: The Buyer should understand that IRD is Credit Swiss bank policy. IRD is deposited on escrow account of Credit Swiss bank Attorney, NOT ON SELLER´S  ESCROW ACCOUNT IN CREDIT SWISS BANK.

Please note, this is the bank policy and the seller can't interfere in that. This is the bank policy/protocols for releasing POP/SKR to buyers and closing the deal. Anything what the buyers will say against IRD will not make the bank to change their policies and protocols.

7)      After buyer’s verification and confirmation of SKR/POP, then buyer’s bank will present his POF (Proof of Fund) for the first transaction.

8)      There will be the immediate TTM right at seller’s bank Credit Swiss in Switzerland

9)       Seller will invite the Buyer’s Bank Officers along with his team of assayers to inspect the AU in the Seller’s Bank Bonded Warehouse; the inspection will be completed within one or two weeks depending on the quantity the buyer wants to buy.

10)  After completion of verification of the AU, a TTM will be held right at seller’s bank Credit Swiss in Switzerland between Buyer and Seller and/or their Bullion Officers for final transaction.

11)  At the TTM the ownership of the Gold/SKR/POP will be transferred immediately to the Buyer and the funds  for the first tranche will move by swift from Buyer’s account to Seller’s account simultaneously. In the same TTM the date and time for the next meeting for transaction of next tranche will be decided.

12)  The commissions will be paid immediately and without delay to each appointed Paymaster or Beneficiary after each tranche delivery and as per Terms and Conditions of the NCND-IMFPA.  

NOTE 1: You know that there a lot of these dishonest buyers that are jokers/time wasters that claim to be real buyers once given the POP will use the SKR/POP to shop around , do PPP,(PRIVATE PLACEMENT PLATFORMS ), obtain loan from bank /other financial institutions and thereby misusing the POP. If this happens the buyer looses the IRD to the seller’s bank. If the buyer did not misuse the SKR/POP, the IRD will be returned to the buyer after the verification and confirmation of the gold bullion with the bank.

NOTE 2: Should the gold be unavailable for purchase and the Seller not able top honor the contract, the Seller will be forfeited and must pay to the Buyer and/or Buyer’s associates the amount of One Million Dollars.  Should the Buyer be not able to pay and unable to honor the contract, the Buyer will be forfeited and must pay to the Seller and Seller’s associates the amount of One Million Dollars. 

IN CASE THE BUYER DOES NOT AGREE WITH THE ABOVE PROCEDURES, FOLLOWING ARE THE ALTERNATIVE PROCEDURE TO CHOOSE FROM:

SELLER’S OPERATIONAL STANADARD NON NEGOTIABLE SELLING PROCEDURES:

 A- GUARANTEE: We will deliver the gold bullion through our reliable appointed shipping company directly to buyer's destination for payment to us by wire transfer after buyer has received the gold to confirm the purity, Before the delivery and as the buyer is not paying us for the gold bullion, buyer will be required to issue on our behalf by swift  the below Financial Instrument  via bank to bank swift  to stand as the payment collateral that buyer will pay us after the receipt of the gold at his destination and purity confirmation and buyer pay us the actual cost of the gold bullion within 72 hours
(1)-Operative Standby Letter Of Credit (SBLC MT760)
(2)-Operative Bank Guarantee (BG MT760)

 B- PAYMENT OF PART SHIPPING G COST; If buyer is not ready to issue us the one of the above mentioned Operative financial buyer will be required to send into the bank account of our appointed shipping company 50% part of the shipping cost. Once we receive the payment slip for the 50%, all documents/POP will be given to the buyer and his bank to verify and confirm the gold with the bank before delivery to buyer's destination for payment to us by wire transfer less the 50% part shipping cost.

C. OWNERSHIP STATUS: In case the buyer does not want to lift the gold bullion from the bank, seller will change the name in the POP for the first tranche or the total quantity to the name of the buyer. Buyer will be required to pay to bank's trust/Escrow attorney account the Gold bullion REFUNDABLE DOCUMENTARY FEE (RDF) which is US$300,000.00 (negotiable according to tranche )   for the processing and changing of POP to the buyer’s name. Once the RDF is paid, the POP will be changed in the name of the buyer, after which the sellers bank will swift the change POP in the name of the buyer through bank to bank for buyers verification, before the buyer and seller will have TTM at the bank for the official hand over of the original copies of the POP to the buyer and payment to the seller at the bank by wire transfer less the RDF.

D. PROOF OF PRODUCT: If the buyer needs to have the SKR/POP for the first tranche or the total quantity in advance from seller bank to verify and confirm the gold bullion existence, buyer will be required to make a Indemnity Refundable Deposit (IRD) of US$300,000.00 (negotiable according to tranche ) to bank's trust/Escrow attorney account against misuse of POP/SKR/ASSAY REPORT.  You know that there a lot of these dishonest buyers that are jokers/time wasters that claim to be real buyers once given the POP will use the SKR/POP to shop around , do PPP,(PRIVATE PLACEMENT PLATFORMS ), obtain loan from bank /other financial institutions and thereby misusing the POP. If this happens the buyer looses the IRD to the seller’s bank. If the buyer did not misuse the SKR/POP, the IRD will be returned to the buyer after the verification and confirmation of the gold bullion with the bank.  

TTM  PROCEDURES  

a)- Credit Swiss UBS Bank, HSBC in Switzerland.

b)- HSBC, Hong Kong .  

PROCEDURES:

1.     Seller agrees to issue Full Corporate Offer (FCO) with banking coordinates and contract number to end Buyer, valid for 15 days. 

2.     Buyer or Buyer’s Mandate agrees to sign and seal FCO as acceptance of terms and conditions, submit Draft Sales and Purchase Contract for Seller’s approval or amendments if any and submit signed and sealed NCND-IMFPA for Seller’s acceptance. 

3.     Seller sends draft contract including banking and attorney bank details to the buyer.

4.     Buyer returns draft contract countersigned.

5.     Within two (2) Banking working days after signing the Sales and Purchase Contract  and, the Buyer will pay the Bank gold bullion Indemnity Refundable Deposit (IRD) to the seller’s Bank attorney trust account  upfront before the TTM for issuance of the SKR/POP to Buyer for his verification. The IRD is US$ 300,000.00 according to tranche which will be refunded after the TTM or deducted from final payment of the Gold by the Buyer. The SKR/POP will be in the name of the seller. The Buyer is able to verify the SKR/POP after the bank attorney receipt and confirmation of buyer’s IRD payment (EXPLANATION: The Buyer should understand that IRD is Credit Swiss bank policy. IRD is deposited on escrow account of Credit Swiss bank Attorney, NOT ON SELLER´S  ESCROW ACCOUNT IN CREDIT SWISS BANK.

        Please note, this is the bank policy and the seller can't interfere in that. This is the bank policy/protocols for releasing POP/SKR to buyers and closing the deal. Anything what the buyers will say against IRD will not make the bank to change their policies and protocols)

6.     After verification of SKR/POP the Buyer will present his POF (Proof of Funds) for the first tranche to Seller’s Bank during TTM. Seller will invite the Buyer’s Bank Officers along with his team of assayers to inspect the AU in the Seller’s Bank Bonded Warehouse; the inspection will be completed within one or two weeks depending on the quantity the buyer wants to buy.

7.     After completion of verification of the AU, a TTM will be held in the seller’s bank between Buyer and Seller and/or their Bullion Officers for final transaction.

8.     At the TTM the ownership of the Gold/SKR/POP will be transferred immediately to the Buyer and the funds  for the first tranche will move by swift from Buyer’s account to Seller’s account simultaneously. In the same TTM the date and time for the next meeting for transaction of next tranche will be decided.

9.     The Commissions will be paid immediately and without delay to each appointed Paymaster or Beneficiary after each tranche delivery and as per Terms and Conditions of the NCND-IMFPA.