ГАНА ЗОЛОТО, ЗОЛОТО В ГАНЕ, ГАНА ДОБЫЧА ЗОЛОТА,

ГАНА ЗОЛОТО

We hereby confirm with full corporate authority and legal responsibility, under penalty of perjury, that we are ready, willing and able to sell Gold Dore /Aur um Utalium (AU) presently in our possession, physically and legally, as described below and we further undertake that the Aurum Utalium(AU) is tradable, lift-able, exportable, free of liens and encumbrances and not blocked by any government, bank or nation or subject to embargo, clear, clean and of non-criminal origin. We will supply initially 250 Kilograms maximum of Gold Aurum Utalium (AU) Dore Bars.

Below is the reference of our offer and trade terms and conditions for the first

transaction.

1. Commodity: Aurum Utalium (AU) Dore Bars.

2. Form: Bars.
3. Origin: Ghana
4. Quality (Purity): 96.76% or Better
5. Fineness: 22.45 Karat
6. Total Quantity: 250 Kg
7. Period of Delivery: One Week period after agreement.
8. Way of delivery: International Air line
9. Hallmark: Internationally accepted (Upon Request)
10. Packaging: The Bars will be packed in a form and suitable manner
11. Contract Duration: One year and one day from the date of issue.
12. Price: $29,700.00 per kilo at the day of closing.
13. Inspection: Bonded warehouse/ Buyers Refinery
14. Payment: Payment is made by SWIFT within 24hrs after refinery

DELIVERY TERMS:

(a) The delivery terms shall be CIF (Buyers account) by secure Air-cargo from Sellers location to the Airport as designated by Buyer in a written notice (hereafter the “Destination Airport”). Buyer shall pay all taxes, levies and other costs for exportation up to Buyer designated Refinery, the same will be deductible before final payments are made to the seller after refining the product. Buyer or Buyer’s Designated Entity will pay all required charges at the refinery

(b) The export taxes, export documentation, freight cost and other expenses during exportation to the buyer’s location, are on the account of the Buyer.

(C) Seller is responsible to deliver the Gold to the Refinery. Seller will provide all the necessary documents in order to transfer the Gold from the Destination Airport to the buyer’s Refinery.

(d) The import customs, VAT taxes and other applicable taxes at destination Airport, are on the account of the buyer.

PROCEDURE:

Upon buyer’s or representative’s arrival in Ghana, 250kg of gold will be taken to be assayed at any of the numerous refineries in Ghana. Upon successful completion of the assaying, 20kg would be deposited in any of the international banks of buyers choice in both buyers and sellers name. This will serve as guarantee for the taxes the buyer will be paying to the government to obtain all relevant export documents. The remaining 230kg is shipped to buyer’s refinery and we will get paid with 24hrs based on buyer’s refinery assay report

PAYMENT TERMS:

Payment for the COMMODITY shall be made via Fed Wire Transfer to the Seller’s Designated Bank, within Seventy-Two(72) hours of the refinery providing the buyer with complete and final documentation of assay including quantity (before and after melt weight) and quality (purity + fineness) of the refined gold Dory (but for every intervening Sunday and/or banking holiday, an additional twenty-four (24) hours will be added to the deadline) Seller will be liable to pay penalty of 2% of the total value, if the purity is less than 92% and carats 22K. Buyer will pay additional 1.5% as penalty, if buyer could not arrange TT of full amount within 72 working days after final assay report and transfer of title in buye r’s name.

If seller could not arrange the shipment within specified time period of 10 –14 working days, buyer has the right to claim penalty of 1% of the total value. The following documents will accompany the 200 Kilograms to Buyer’s destination:

(1)Pro-forma Invoice (2) Packing List (3) Assay report (4) Certificate of Ownership

(4)Certificate of Movement from Ministry of Trade )5)Certificate of Origin (6).

Ghana Customs Clearance Paper (7) Bank of Ghana Form A2 (8) Airway Bill.

WE HEREBY DECLARE THAT THE INFORMATION FURNISHED IS TRUE AND CORRECT AS TO THE BEST OF OUR KNOWLEDGE.

THIS OFFER IS MADE WITHOUT ANY PREJUDICE FOR THE SUCCESSFUL COMPLETION

OF THE CONTRACT.

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