Commodity: AU metal Gold in Bar Form. Less than 5 years.

Size: *2.5 Kilogram Bar.

Quantity:  2, **0 MT with roll over and extensions.

Hallmark: International Acceptable Hallmark

First lift:    **0 MT

Second lift:  As per mutually agreed.

Purity:  **9.5/***0 or fineness.

Price: The second fixing LBMA

Discount: Total discount *2% gross, net to buyer is 9%.

Delivery: FOB HONG KONG (ex. Security warehouse)

Payment: Bank to Bank basis.

 

PROCEDURES

 

1.    Seller and Buyersign the Agreement byface to face in Hong Kong, the electronic signatures are deemed acceptable toboth parties.

 

2.   Buyerand Seller lodge the signed agreement to their respective banks. Buyer issues the confirmation letter to the Seller forsetting up the window time for her Bank officers to commence the transaction.

 

3.   On the appointment day duringthe window time, Seller’s Bank Officer shallcontact directly to Buyer’s Bank Officer to acknowledge of having received the agreementand be ready to perform the agreement as per transaction Code : XXX, then Buyer’s bank officer will confirm availability of cash ondeposit of funds to purchase **0MT of AUMetal and Seller’s bank officer will confirm availabilityof product .

 

4.    After verificationof the POF and POP have been positively confirmed by both parties’ Bank officer, then Buyer’s Bullion Bank Officer and Seller’s Bullion Bank Officershall jointly calculate and fix the final purchase price for **0MT of AU Metalbased on the second fixing of the LBMA price on the previous day.

 

5.    After final purchaseprice has been calculated, then Seller’s Bank officer shall issue an InvitationLetter as AppendixB stated with bankingresponsibility for the confirmation of product in the amountof **0MT of AU Metal, to invite Buyer into the HSBC, Hong Kong MainOffice forverification the copy of SKR, after successful verification, then Buyer blockhis fund for guarantee the payment of **0MT of AU Metal by the agreement as perTransaction Code XXX. Upon receiving the said Invitation Letter, Buyer shall sign for theacknowledgement.

 

6.    On the next banking day after the Buyer’s fund hasbeen blocked, Seller shall invite Buyer for physical inspection of AU Metal atthe Seller’s Security Warehouse in Hong Kong and Seller shall also provide theoriginal SKR for **0MT of AU Metal with related Documentation to the Buyer. TheBuyer then shall sign for acknowledgement of the said SKR and thedocumentation.

 

7.   Onthe next banking day, after AU Metalhas been physically inspected by the Buyer at the Seller’s securitywarehouse in Hong Kong, Seller shall issue an InvitationLetterto invite Buyer to the Seller’s Bank, HSBC Hong Kong, Main Office, forconcluding the transaction. Upon receiving the said letter, Buyer shall signfor the acknowledgement.

 

8.   On the appointment day, which isthe next banking day, Seller and Buyer have a meeting in the Seller’s Bank forconcluding the transaction. Seller shall transfer the ownership of **0MT ofAU Metal and all related documentation to the Buyer, and simultaneouslyBuyer shall instructhis Bank officer to release the full payment for **0MTof AU Metal, into Seller’s account in the HSBC, Hong Kong Main Office. The conclusionof the transaction shall take place under acknowledgement of Seller’s andBuyer’s bullion Bank Officer, who shall endorse the document of transferringOwnership.

 

9.    Onthe same day, Seller shall instruct her Bank Officer to immediately transfer consultancyfee to the designated accounts of consultants and intermediaries as per FPA bythe Transaction Code: XXX

 

*0.Upon transfer of title and Ownership by the Seller to theBuyer, Buyer will take delivery of the AU Metal at the Bonded Warehouse in HongKong.

 

*1.Further deliveries of size and frequency of lifts to befollowed in accordance with the agreed schedule and pursuant to the proceduresas set forth herein between Buyer and Seller until the commodity is fullyexhausted.

 

*2.The completecontract quantity shall be completed within one (1) month from the date of thefirst lift.