Buyer #2

The Procedures Below are the only procedures that our buyers that we represent work with as it relates to Bullion Officer to Bullion Officer, Ledger to Ledger, Swiss Procedure Transactions. For the Purpose of clarity we are the Au Buyers Legal Representatives.

 All Full Corporate Offers Should Be Made Out As Follows:

Procedures

This transaction is performed as OFF THE MARKET, PRIVATE TREATY SALE in the mode of BANK-TO-BANK transfer transaction, under the following procedure agreed herein by the parties:

A. Seller Issues Full Corporate Offer (FCO) to the Buyer

B. Buyer or Buyers Legal Representative Issue LOI to the Seller in Response to the FCO.

C. The Seller shall issue to the Buyer the Sales and Purchase Agreement filled out in Full and Signed by the Seller, Buyer will then fill out the Agreement, Countersign and return the SPA to the Seller.

D. Within 1 (one) International banking day the Seller shall send via SWIFT Communication to the Buyers Bank the Coordinates of their Bullion Officer, the Buyers Bank shall in response send via SWIFT Communication their Bullion Officers coordinates. (This is for security reasons)

E. The fully executed final Sales and Purchase Agreement shall be lodged with their respective banks within 2 (two) International banking days of the date of the said contract.

F. The Sellerʼs Bullion Officer shall, within 2 (two) International banking days of receipt of the Fully Executed Sales and Purchase Agreement, contact the buyerʼs bullion officer by SWIFT Communication with all banking responsibility and authority accorded their office:

(i) confirming, to the satisfaction of the buyerʼs bullion officer the existence of the commodity described above and availability of the documents stated above in your full corporate offer; and,

(ii) inviting the buyerʼs bullion officer to meet with the sellerʼs bullion officer to inspect the said documents and commodity if deemed necessary.

Following such an inspection if done,  the bullion officers will set a window time for closing.

G. Upon confirmation by the Sellerʼs Bullion Officer of the availability of the documents and commodity, the Buyerʼs Bank Officer shall confirm to the Sellerʼs Bank Officer the physical presence of clean, clear, and transferable funds blocked for payment for each lifting/ tranche or for payment of the blocked XXX metric tons of the commodity, if the commodity is delivered in one single tranche.  Lifting schedules for the First Actual Tranche of XXX metric tons shall be agreed between the seller and buyer bullion and/or bank officers.

After Verification and Confirmation by both parties as stated above, a window time to implement this final purchase contract shall be agreed upon by their respective Bullion Officers.  Official transfer of Ownership of all documents from the SELLER/OWNER to the BUYER will be executed UPON RECEIPT OF FULL PAYMENT.

I. Lifting and transfer of the subject Commodity to BUYERʼS chosen destination shall be at BUYERʼS account and responsibility.  The SELLER shall assist the BUYER in securing an export permit if necessary