HONG KONG BULLION PORTFOLIO

(VALID UNTIL 31 JULY 2026)

GOLD BULLION OFFER 1: LBMA Certified Gold in Hong Kong

FOB HK with Export Permit as part of POP
Minimum contract quantity 20MT, 1st tranche 1MT
1kg 999.9/1000 bars in custody of Top Bank in HK
Minimum POF to engage is USD 1 Billion
Bank to Bank transaction preferred
Inspection/Assay at Buyer’s refinery before Payment
7% Net to qualified Buyer
Not for potential Buyer with limited-capital buying-selling 1MT at a time.

BEST PRICE BEST ADVICE

GOLD BULLION OFFER 2: EXECUTIVE SUMMARY – SELLER ATTESTATION

We are experienced Consultants engaged exclusively in the “off-market” trade of large-volume bullion inventories. We hold legal title to one of the largest stockpiles of investment-grade bullion on the market. We hereby declare, with full authority and legal responsibility, that we are ready, willing and able to sell and deliver the below high-purity gold bullion in accordance with the terms and conditions set forth herein.

Trade references on the Seller are available upon request.

GOLD SPECIFICATIONS

COMMODITY: GLD complaint bullion (refined to GLD specifications)
QUANTITY: “Large-tonnage” inventory, regularly replenished
FORMAT: 12.5 KG Bars
PURITY: 999.5/1000 or better fineness
ASSAY REPORTS: Less than five (5) years old
HALLMARK: Metalor refinery (Hong Kong)
SERIAL NUMBERS: LBMA-registered serial numbers
LOCATION: Private security warehouse in Hong Kong
INSURANCE: Insured by Lloyd’s of London for full LBMA market value
TRADE STATUS: Freely liftable and tradable and fully exportable
All governmental/agency clearances and approvals
Export permits already issued in name of Consultant

TERMS OF PURCHASE

MODALITY: Bank-managed transactions. Major World Banks only.
SELLER’S BANK: HSBC, Hong Kong, Main Office
CONTRACT SIZE: Minimum 200 MT. Large-tonnage, multi-Lift contracts available.
DISCOUNT: Gross 8% and Net 6% to Buyer (LBMA, 2nd fix)
FIRST LIFT: 200 MT of product (fixed amount)
SUBSEQUENT LIFTS: Flexible Lift size/Lift frequency. Minimum 200 MT Lift amount.
FINAL ASSAY: Performed by Metalor refinery Assayers, Hong Kong (preferred).
DELIVERY: Metalor refinery or HSBC, Hong Kong vault storage or Consultants private security warehouse – at Buyer’s option.
SETTLEMENT: “Ledger-to-Ledger” transfer of cash funds. United States Dollars. Other major world currencies considered.
CONSULTING FEES: 2% Consultancy Fees payable by Seller as follows:
1% to Seller’s side (closed), disbursed by Seller
1% to Buyer’s side, disbursed by Seller or Buyer

Principal Features for 2024:

(i) Bank Notification Letter. After contract-signing, the Seller will provide the Buyer, in advance, with a copy of the Bank Notification Letter issued by HSBC, Hong Kong and addressed to the Seller, confirming that the Bank has received the signed contract (Transaction Code XXX) from the Seller and is ready to proceed with the transaction on the Seller’s behalf, and naming the Buyer therein. The Buyer can then proceed to lodge the signed contract with its Bank, content in the knowledge that the Seller has lodged the contract with its Bank already and the Seller’s Bank has accepted the transaction.
(ii) Table-Top Meetings (HSBC, Hong Kong). We can, at the request of the Buyer, provide “back-to-back” Table Top Meetings in HSBC, Hong Kong to conclude the transaction. Procedurally, once the POP/POF verification has successfully concluded and the Buyer has moved his funds into the Settlement Bank (HSBC, Hong Kong or HSBC, London) if need be, the Seller’s Bank Officer will issue a series of Bank Invitation Letters inviting the Parties to attend successive sit-down meetings inside the Bank.
(iii) Export-Ready Bullion (Full Banking Responsibility). The Seller’s Bank Officer will confirm, with full banking responsibility, that the bullion is freely exportable.
(iv) Bank Vault Storage (HSBC, Hong Kong). We can arrange, at the Seller’s expense, for HSBC, Hong Kong to collect the newly certified Lift amount directly from Metalor refinery and transfer the bullion into the Bank’s vault or outside bullion depository. HSBC, Hong Kong charges 3% of the Lift’s purchase value to vault 200 MT of Au metal for one (1) year. This represents a cost savings to the Buyer of approximately $420 Million USD!
(v) “In-Bank” Escrow (HSBC, Hong Kong). The Buyer, at its sole option, may appoint the Seller’s Bank Officer as its Bank Officer to conclude the transaction inside the Bank on the Buyer’s behalf. The Seller’s Bank Officer will then manage the transaction on behalf of the Buyer and Seller, together, under a fiduciary duty of care owed to the Parties, jointly, as the Parties’ duly appointed Escrow Officer.
(vi) Buyer Observers. Buyers can, at their option, designate a maximum of two (2) “representatives” to observe Metalor refinery conduct the final assay prior to purchase.
(vii) “Per Warehouse” Lift Operations. Buyers who are contemplating a large bullion purchase may, subject to agreement, purchase the Seller’s inventory on a consecutive “per warehouse” basis, coupled with an assignment to the Buyer of the existing warehouse leases.
(viii) “Executive-Level” Bank Officers. The Seller now utilizes a slate of four (4) “executive-level” Bank Officers in HSBC, Hong Kong to manage the transaction on its behalf.
(ix) Assay Charges (Paid by Seller). The Seller will continue to cover all transport and refinery charges associated with Metalor refinery, Hong Kong conducting the final assay of the initial 200 MT Lift amount.
(x) Bank Closing Costs (Paid by Seller). All bank charges related in the final closing will be borne solely by the Seller.

HERE IS HOW WE PROGRESS THE TRANSACTION

If the Buyer is interested in pursuing our offer further, I would be pleased to speak with the Buyer or his Representative/Mandate or Legal Counsel.
Everyone is welcome on the call.
Upon the conclusion of the conference call, I will provide the parties with a signed/sealed Letter of Offer.
I can also provide a complete set of transaction documents, to include the draft contract and an Exhibits Form Book containing the verbiage of all required Exhibits.

We can proceed in one of two ways:

1) You can provide me with the coordinates for the Buyer (or the Buyer’s Mandate/Representative or Legal Counsel), and I will contact the party directly; or
2) We can conduct a group conference call together.
An NCND is available upon request.

Here are the pre-contract “stages” culminating in the final contract-signing:

1) Parties engage in on-going contract discussions
2) Parties reach agreement in principal re specific terms of purchase
3) Seller provides “targeted” final (draft) SPA and a Confidential Information Sheet
4) Buyer conducts due diligence examination
5) Contract preparation, including required Exhibits
6) Buyer and Seller sign final SPA

Please keep in mind the following baseline considerations – these are non-negotiable terms:

The minimum permissible Lift (or tranche) amount is 200 MT of product. That is a roughly $27 Billion USD purchase commitment payable, in full, on Lift completion, typically within 2-3 weeks time, depending on the assay/delivery option selected by the Buyer. Unfortunately, we cannot supply smaller Lift amounts. Cash funds only. No Bank Trade Guarantees (LC’s, SBLC’s, DLC’s, etc). The discount is 8% gross / 6% net to the Buyer.
This being investment-grade, GLD-compliant bullion (as opposed to raw gold or low-purity dore or non-GLD bars) we do not provide CIF/CIP terms of delivery. High-purity bullion is always sold on an FOB (Ex-Works) basis. Our product is stored in Hong Kong; hence, we offer FOB (Ex Works) Hong Kong delivery. The bullion, though, is fully liftable and tradable and freely exportable.
Given the nature and sensitivity of these large-scale bullion transactions, we do not provide Proof of Product upon demand. Equally, we do not require advance Proof of Funds from interested Buyers. Proof of Product & Proof of Funds are confirmable internally, on a “bank officer-to-bank officer” basis via secure banking means and channels once the Parties have cleared Bank compliance. This is to ensure that the Buyer and Seller’s confidential data does not fall into the wrong hands and that the Parties are otherwise RWA to proceed.
We require that Buyers follow our procedures. Not because our procedures are necessarily superior; they may not be. But because – this being a multi-government offering – there are controlling international agreements in place that dictate the conduct of sale and preclude us from transacting with Buyers who are unable or unwilling to comply with our procedures as presented.

PRINCIPAL FEATURES

METALOR REFINERY ASSAYERS

We hold an active metal account with LMBA-accredited Metalor refinery, Hong Kong. The refinery is part of the premier, Swiss-based Metalor Technologies Group and enjoy an excellent global reputation. In these uncertain “COVID-19” times, we recommend using Metalor Assayers to perform the final assay and GLD certification. This ensures that the assay and delivery process proceeds smoothly and seamlessly with minimal outside interference. More importantly, this allows Buyers to take delivery of pure GLD – that is, newly certified bullion in the GLD system. GLD is much sought-after on world markets and trades at prevailing (non-discounted) LMBA gold prices; that’s because Buyers will accept GLD on its face without a new assay when delivered in settlement of a sale.

ASSAY & DELIVERY OPTIONS

Metalor Refinery Assay: We are willing to move the Lift amount to Metalor refinery at our expense for a new certification. Buyers may take delivery directly from Metalor storage as pure GLD or we will return the Bullion to our private security warehouse.
Security Warehouse Assay/Delivery: We are willing to engage Metalor refinery’s Assayer Team at our expense to assay the Lift amount at our security warehouse or the Buyer may utilize their own certified Assayers to perform the final assay in place.
Bank Vault Storage: We are willing to instruct HSBC, Hong Kong at our expense to collect the newly certified bars from Metalor refinery and move the bullion into the Bank’s vault or depository. Buyers may take delivery directly from HSBC, Hong Kong.

SHIPPING AND EXPORT

The bullion is freely exportable and sold with full Government Export Approval and Tax-Paid Clearance. The export permits have already been issued and will be listed in the contract and confirmed to the Buyer on a “bank officer-to-bank officer” basis. Hong Kong is the second largest gold exporter – and the third largest Free Trade Zone – in the world. There are no restrictions or customs duty on bullion exports. We work closely with Bank’s, Hong Kong and can facilitate introductions upon request. We are also willing to provide Buyers, after title transfer, with two-weeks free warehouse storage and insurance cover. Alternatively, we will deliver the Lift amount after closing to the Hong Kong International Airport, Free Trade Zone.

SETTLEMENT PROCEDURES

Settling payment is managed on a “ledger-to-ledger” basis within the same Bank. This ensures the prompt and orderly transfer of payment-versus-delivery on closing, helps preserve confidentiality and eliminates the risk of international trade disputes. Buyers may nominate HSBC, Hong Kong as the Settlement Bank. Our Bank Officer, upon request, can promptly arrange a dedicated bank account for the Buyer Alternatively, Buyers are welcome to utilize HSBC, London, Headquarters Branch – a respected Bullion Bank in it own right – to settle the cost of the Lift amount.

BANK-MANAGED TRANSACTIONS

Transactions are managed exclusively within the safe and secure confines of the banking system under full banking scrutiny and vigilance, utilizing standard SWIFT protocols and in full compliance with applicable laws and international regulations. Bullion sales are also subject to close governmental and regulatory oversight. We work closely with the Hong Kong Monetary Authority. The US FED and the Bank for International Settlements are notified of impending transactions.

ORIGIN & PROVENANCE

The bullion assets are beneficially owned by a major alliance of Asia-Pacific countries and are managed under a longstanding International agreement. The treaty terms provide for the sale of bullion privately on an “off-the-market” basis only. The inventory is being sold to advance the general welfare and betterment of the member-states. The proceeds of sale are used to finance the construction of large-scale, government infrastructure projects and other (non-profit) public Interest works. This is not Thailand, Philippines or Indonesian gold. China (PRC) is not part of the “consortium” of nations. The complete records are maintained at HSBC, Hong Kong.

PROOF OF PRODUCT/PROOF OF FUNDS

Given the nature and sensitivity of these large-scale bullion transactions, we do not, as a matter of prudent policy, provide Proof of Product on demand. Equally, for the same reason, we do not require advance Proof of Funds from Interested Buyers. Such matters, out of an abundance of caution, are best managed on a “bank-to-bank” basis via secure banking means and channels. This ensures that the Buyer and Seller’s private and confidential financial data does not fall into the wrong hands.

ADHERENCE TO SELLER’S PROCEDURES

We require that Buyers observe our procedures as presented. The Consultant’s procedures. Not the Buyer’s procedures. Otherwise, unfortunately, we are unable to supply bullion to the Buyer, notwithstanding the Buyer’s interest or financial capability. This “strict adherence” requirement is not because our procedures are superior, they may not be. It is because this is a multi-government offering; these are controlling treaty provisions that dictate the terms of purchase that Buyers must follow.

NON-PERFORMANCE PENALTY CLAUSE

We would be pleased to include a Two Percent (2%) Penalty Provision for non-performance based on the purchase value of the Lift amount. Depending on Lift size, this quates to a minimum $240 Million USD damages award payable to the aggrieved Party as agreed compensation in the event of a breach of contact. Penalty for Non-Performance: Should either Party fail to perform the transaction in accordance with the terms of Agreement, the defaulting Party shall pay the Innocent Party an amount equivalent to Two Percent (2%) of the purchase value of the Lift amount as compensation for the damages which the Innocent Party has suffered. Nothing in this section shall affect the non-offending Party’s right to pursue its legal remedies in a court of law or other competent tribunal.

TRANSACTION PROCEDURES

CLOSING PROCESS

The closing procedures are fully Bank-compliant and have been approved by our Transacting Bank, HSBC, Hong Kong, Main Office:

1) The Buyer and Consultant sign the contract electronically and lodge the legally binding agreement with their respective Banks.

Note: The Parties’ Bank Officer, upon request, can arrange for the Buyer and Consultant to exchange manually signed contracts prior to final settlement.

2) The Consultant’s Bank Officer contacts the Buyer’s Bank Officer during the scheduled Bank “window time”. The Bank Officers engage in a full and frank discussion confirming the POP/POF status of their respective bank customers.

3) The Buyer’s Bank Officer transmits a Bank Confirmation Letter via SWIFT 799 to the Seller’s Bank Officer confirming Proof of Funds. The Seller’s Bank Officer remits during the same scheduled Bank “window time”, remits a SWIFT MT 600 (Precious Metal Trade Confirmation Message) confirming Proof of Product.

Note: Where the Buyer’s Bank is located in Hong Kong or Mainland China, POP/POF is confirmed via bank-secured fax. No SWIFT’s required. The Buyer’s Bank Officer transmits a Bank Tear Sheet and receives a true copy of the Consultant’s SKR.

4) After the POP/POF verification has concluded, the Buyer transfers his funds into HSBC, Hong Kong, into an account in the Buyer’s own name, to facilitate the “ledger-to-ledger” transfer of payment upon closing. The Consultant’s Bank Officer, upon request, can open a dedicated bank account for the Buyer.

Note: The Buyer may, instead, transfer his funds into HSBC Bank, London, Head Office and utilize the London Headquarters Branch as the Settlement Bank.

5) Once the Buyer’s funds have cleared on deposit, the Consultant’s Bank Officer contacts the Buyer’s Bank Officer and provides true copies of all the product documents necessary to convey legal title of the Lift amount to the Buyer.

6) The Buyer Bank officer, after positive verification of the Consultant’s product documents, upon instructs of the Buyer, blocks the Buyer’s funds for the value of the Lift amount as a guarantee of payment for the Au metal.

7) The Consultant delivers the Au Metal to Metalor refinery, Hong Kong for a final Assay/GLD Certificate. Alternatively, the Buyer attends at the Consultants security warehouse with his certified inspection team and assays the Au metal “in-situ”.

Note: The Consultant is also willing, upon request, to arrange for HSBC, Hong Kong to collect the newly assayed bullion directly from Metalor refinery and move the Au Metal into the Bank’s vault or outside Bank-controlled bullion depository.

8) After assay completion, the Parties’ Bank officer jointly calculate the “gold price” and place the product documents into the name of the Buyer, and then close the transaction on a “payment-versus-delivery (transfer of the title)” basis.

Notice: Our preference is to engage with knowledgeable and experienced Buyers who possess the discipline and focus necessary to undertake and complete large-scale, bank-manged transaction, and do so in an orderly, timely and professional manner. Buyers are encouraged to utilize competent legal counsel as appropriate.

GOLD BULLION OFFER 3: Dubai (UAE), Switzerland, Hong Kong, London, Singapore and Canada

PROCEDURES SELLER

INFORMATION FOR THE PURCHASE OF INTERNATIONAL PRECIOUS METAL
Important Notes: Non-Negotiable Procedure / Non-Monetary / Private/Second-hand goods /
Recyclable with purity of 99.95%-99.99% (Year 1999 – 2014)

1. Commodity: International Precious Metal HS71081200 in Bar Form
Importable and Exportable Worldwide Original LBMA GD Bullion registered AU Bars in 1 kg and 12.5 kg weight (LBMA GD Bullion expired) Customs tariff numbers/Harmonized System Codes: 7108, 71081200, 71081300. Packing: Export Packing/Pallet by Metal Strapping/Bubble Wrap &
Insurance.
2. Specifications:
A minimum purity of 99.95% or better.
Note: kg to Oz conversion: 32.1507466 (Fine Troy Ounce) to compute the Discount based on LBMA Pricing Index
3. Quantity & Terms:
Shipment for contract of XXX Metric Tonnes (xxx MT Maximum) on a 12-month basis, One (1) year with Rolls and Extensions for five (5) years.
If for any reason the Buyer experiences an excess supply of gold, then the Buyer has full rights to resell it to another vendor in order to remain in compliance with the tranche schedule.
4. Shipments: The First Trial Tranche (MANDATORY) will be minimum 400 kilograms. From 400 kg. to 4,800 kg and subsequent lifts will be on schedule agreed by both parties.
(The payment guarantee must cover 400-4,800 kg for the first shipment in order to obtain the price range)
5. Selling Price: Discount is GROSS, LBMA -12% / NET -9% to Buyer
Delivery: DAP to End Buyer’s gold refinery or Security / Bonded Warehouse,
Hong Kong/Dubai/Zurich/London / Singapore / Canada. Per 1 Kilogram based on Second Price Fixing at the LBMA on the prior day of execution for Good Delivery Bars with a minimum grade of 99.95% AU.
In the event LBMA is not operating on that scheduled day, the price calculation shall be used based on the 2nd LBMA fixing of the Market opening day.
Inclusive of Malca-Amit or BRINK’s Security Insurance.
6. Consultancy Fees:
Total Commission is 3 (three) % / Kilogram. Paid by seller
§ 1.5% to Seller Side. (closed)
§ 1.5% to buyer Side.
§ (Buyer side starts with Mr. Yawar Ali & Assigns with 0.50%).

7. Payment:
7.1 Payment Guarantee: The buyers bank officer sends a secure email directly to the seller advising them of their intention to send the MT199 (POF), this will be acceptable. On receipt of the email and confirmation of the MT199 Swift communication being received, the sellers bank will send partial POP to the Buyers
Bank. This will consist of: a) SKR, b) Air way bill and c) current Insurance documentation. After receipt of the non-transferable, non-operative bank instrument, the seller will then provide full POP (Proof of Product) together with the 2% PB (Performance Bond).
As a payment guarantee, the Buyer´s Bank issues an Irrevocable, Confirmed, Non-transferable, Non-assignable and Non-operative Documentary Letter of Credit (DLC) via SWIFT MT700 100% at Sight, or SBLC via SWIFT MT760 or option JOINT FIXED DEPOSIT ACCOUNT at the nominal value of a tranche quantity of expired, recyclable and used gold.
The Seller´s Bank responds with Proof of Product (POP) via Swift MT600 or secure email within 3 banking days to confirm the product for the tranche quantity of “expired, recyclable and used” gold that is available
and liftable. And the seller’s 2% Performance Bond (PB) with the face value of the tranche quantity, prior to the seller releasing the product for delivery to refinery for a new, final assay.
Upon receiving the 2% PB from the Seller bank, the DLC or SBLC shall become operative.
Upon acceptance of the Payment Guarantee, a hard copy POP document to be sent via Recorded next day international courier service, with Copy of Secured Email and Tracking ID to be provided by email, to the Buyer’s bank comprising:
a. Deposit Confirmation Letter (DCL) with proof of ownership
b. Logistical Reports
c. Insurance Certificate Number
(With the invitation to the TTM, issued by the Depository, based on the Deposit Confirmation Letter, to inspect the tranche quantity. Alternatively, this invitation can be sent directly from the Depository to the
Buyer).
7.2 Payment after assay: Based on the daily smelting capacity of Refinery per day (Saturday, Sunday and Public holidays not included), Seller shall issue invoice to buyer based on the daily Preliminary Assay Report.
Buyer shall arrange payment within 5 banking days after the Final Assay Report being issued. Payment is made to the seller via Cash Transfer, SWIFIT MT103 or T/T within five (5) banking days of the issuance of the final refinery assay report. Transfer of ownership from Seller to Buyer after receipt and acceptance of Cash Transfer, SWIFT MT103 or T/T by Buyer’s bank.

8. Performance Bond: Receipt of PAYMENT GUARANTEE
Activates the Seller’s 2% performance bond from the Seller of face value of the tranche quantity, prior to the Seller releasing the product for delivery to refinery for a new, final assay.
Based on the daily smelting capacity of the Refinery per day (Saturday, Sunday and Public holidays not included), the Seller shall issue invoice to Buyer based on the daily Preliminary Assay Report.
Payment is made to the Seller via cash Transfer, SWIFIT MT103 or T/T within five (5) banking days of the issuance of the final refinery assay report. Transfer of ownership from Seller to Buyer after receipt and acceptance of cash transfer, SWIFT MT103 or T/T by Seller’s bank.

9. Ownership: Transfer of ownership from Seller to Buyer after receipt and acceptance of cash transfer by Swift MT103 or T/T by Seller’s bank, according to clause 8 above.
10. Delivery: DAP to Buyer’s gold refinery or Security / Bonded Warehouse, in Hong Kong/Dubai/Zurich/London.
The Buyer shall choose one of Chamber of Commerce licensed company, Malca-Amit, G4s International Logistics, or BRINKS GLOBAL SERVICES, which is a necessary to clear the Commodity from the (YOUR DESTINATION)
Customs on behalf of xxx
Custom Company Details should be written on invoice as:
INVOICE TO: xxx
DELIVERY TO: xxxx
INSPECTION/ASSAY:
Final Assay Report by the Buyer´s Designated Refinery/Assayer.
Physical Inspection shall be carried out at the Buyer’s designated Refinery
[Buyer´s responsibility and on their expense]
xxx COMPANY LIMITED (Refinery in Your Destination)
Address and country
Refining Business Unit: xxx, (Your Destination)
Under Customer Name: xxxx
Customer Account No: xxxx

11. Documents: The Seller shall authenticate, declare, legalize, register, provide and guarantee documents from
government sectors and Seller´s responsibility of each tranche/lift, shall be accompanied by the following:
§ Certificate of Assay Report
§ Certificate of Ownership
§ AIR WAYBILL
§ Commercial Invoice
§ Tax certificates
§ Import-Export license
§ Certificate of Origin
§ Warehouse receipt and list of products
§ Customs Clearance Certificate

12. BUYER´S_Bank Details:
BANK DETAILS – Must be under the account of the Buyer that will SIGN the SPA contract only (no third party finance companies allowed).
TO ISSUE AN IRREVOCABLE, CONFIRMED, NON-TRANSFERABLE, NON-ASSIGNABLE AND NON-OPERATIVE
DOCUMENTARY LETTER OF CREDIT (DLC) VIA SWIFT MT700 100% AT SIGHT, OR SBLC VIA SWIFT MT760 TO RECEIVE POP VIA MT600 AND 2%PB
BANK NAME
BANK ADDRESS & COUNTRY
ACCOUNT NAME
ACCOUNT NUMBER
NAME OF SIGNATORY
SWIFT CODE
BANK OFFICER
BANK OFFICER TEL
BANK OFFICER EMAIL

TO MAKE PAYMENTS VIA CASH TRANSFER, SWIFT MT103 or T/T
BANK NAME
BANK ADDRESS & COUNTRY
ACCOUNT NAME
ACCOUNT NUMBER
NAME OF SIGNATORY
SWIFT CODE
BANK OFFICER
BANK OFFICER TEL
BANK OFFICER EMAIL
BANK DETAILS – Must be under the account of the Buyer company name that will sign the SPA contract only (no third-party finance companies allowed).

TRANSACTION PROCEDURE:
1. Buyer issue the LOI to Seller
2. Seller issue SPA to Buyer
3. The Buyer and the Seller will sign and seal this Sales and Purchase Agreement (SPA) with their full banking coordinates.
4. Both parties shall then each lodge one original copy of this SPA with their respective Bank Officers within two (2) banking days from the date of SPA signing.
5. PAYMENT GUARANTEE. As a payment guarantee Buyer´s bank issues an Irrevocable, Confirmed, Non-transferable, Non- assignable and Non-operative Documentary Letter of Credit (DLC) via SWIFT MT700, 100% at Sight, or SBLC via SWIFT MT760 at the nominal value of a tranche quantity of “expired recyclable and used gold”.
The Seller´s bank responds with Proof of Product (POP) via Swift MT600 or secure email within 3 banking days to confirm the product for the tranche quantity of “expired, recyclable and used gold” that is available and liftable. And the seller’s 2% Performance Bond with the face value of the tranche quantity, prior to the seller releasing the product for delivery to refinery for a new, final assay.
Upon receiving the 2% PB from the Seller bank, the DLC or SBLC shall become operative.
Upon acceptance of the Payment Guarantee, a hard copy POP document to be sent via Recorded next day international courier service, with Copy of Secured Email and Tracking ID to be provided by email, to the Buyer’s bank comprising;
a. Deposit Confirmation Letter (DCL) with proof of ownership
b. Logistical Reports
c. Insurance Certificate Number
(With the invitation to the TTM, issued by the Depository, based on the Deposit Confirmation Letter, to
inspect the tranche quantity.
Alternatively, this invitation can be sent directly from the Depository to the Buyer).
6. Within five (5) banking days of receipt of the Payment Guarantee verify and authenticate, the Seller will transport the mutually agreed quantity at the Seller´s expense (DAP) to the end Buyer´s Gold Refinery or Security Bonded Warehouse, in HONG KONG (or …. ), as specified in the SPA.
The precious metal refining in the refinery of the Buyer will be at the Buyer´s expense.
Upon refinement and the Refinery Final Assay Report is issued by the Buyer´s Refinery, the Buyer will settle payment by cash transfer, SWIFT MT103 or T/T in full for an equal amount of precious metals within five (5) banking days to the Seller.
The transfer of the Precious Metal Holder is made against final payment. Then the title deed of equal amount will be transferred to the Buyer.
Consultancy fees payment.
Seller releases funds to the Seller Group Paymaster for 1.5% Seller’s Side, same day clearing.
Seller releases funds to the Buyer Group Paymaster for 1.5% Buyer’s Side, same day clearing.
All fees are paid in accordance with the IMFPA contained within the SPA, on the same banking day that the
Buyer payment is made into the Sellers account for each tranche.
7. In the event that the Seller fails to deliver any mutually agreed quantity to the Buyer´s appointed Refinery, within five (5) banking days of the expected date, the Buyer shall be entitled to terminate this Sales and Purchase Agreement (SPA) without written notice to the Seller, and without prejudice to its right to claim pursuant to the 2% performance bond or penalty.
8. The Sales and Purchase Agreement (SPA) can be signed electronically.
NOTE: The Seller has availability of Au in the following places:
§ Dubai, United Arab Emirates (UAE),
§ Switzerland,
§ Hong Kong,
§ London, United Kingdom (UK)
§ Singapore
§ Ottawa, Canada.
APPENDIX – A. PASSPORT OF AUTHORIZED SIGNATORY END BUYER
APPENDIX – B. The Buyer´s COMPANY CERTIFICATE
APPENDIX –C. The Buyer’s Certification of Registration for Category A or B. Registrant UNDER AML &
CTF ORDINANCE CHAPTER 615
APPENDIX-D. TRANCHE SCHEDULE

Gold Bullion