Specification and Quantity of Raw Gold

Procedure

• Seller issues draft SPA to Buyer, the buyers fill his details and signs send back to Seller along with draft LC.
• Buyer and Seller complete Contract signed and sealed.
• Buyer confirms the draft of DLC MT700 in Annex 1 to be issued to Seller’s Bank and placed there for the period of 90 days from   date of issue.
• Once the contract is correctly revised and all parties agree by email and signed,   the Seller issue following documents to   Buyer: PRO-FORMA INVOICE
• After received above document, the Buyer opens  the format DLC MT700 stated “PROPERTY OWNERSHIP RIGHTS CHANGE AFTER   CUSTOM CLEARANCE” by swift MT700 in favor of the Seller for the purpose and the duration of 90 days from date of issue.   The Seller bank will verify this DLC MT700 from Buyer’s Bank to be sure that Buyer has the capacity to purchase the gold bars.
• Once Seller’s bank confirm to seller the authenticity of the DLC MT700 and exportation of the first shipment begins within the next   10 days toward the customs office at the Buyer’s International Airport accompanied by the related shipping documents. This   document will be sent to Buyer via facsimile or email for buyer to be notified the time of arrival of the gold bars.
• The Buyer takes care of the customs clearance and the transfer of the gold dore bars along with Seller’s Delegate to the refinery of   the Buyer at his own expenses.
• The Seller/Seller mandate and Buyer always will accompany the gold together in all stages in the refinery  of the Buyer. Seller/Seller   mandate accepts the assay report from Buyer’s refinery.
• Seller/Seller mandate receives copies of Assaying Certificate. In the event that there is a discrepancy in the quality, Any lesser purity   by 1% from 99.95 to 99.99%, price will be calculated with discount of 310 x kg as pro data basis.

* All documents in this present transaction will be drafted in English