BUYER LETTERHEAD

Date: February 04, 2015

LETTER OF INTENT OF PURCHASE / RWA - Ready,

Willing and Able
We, .. represented by, Mr. ., passport number, issued with full
corporate authority, hereby irrevocably, confirm and warrant with full, legal
responsibility and authority; and under penalty of perjury or fraud that we are
ready, willing and able to enter into a contract for the purchase of the following
commodity as specified below and that funding is available including any
import/export permits needed to fulfill this purchase.
PRODUCT NAME AND DESCRIPTIONS:
COMMODITY : Gold Bullion (Aurum Utalium)
FORM`

: 12.5 kilo bars of GLD Standard/System

FINENESS

: 999.9% or better

HALLMARK
: Internationally accepted hallmarks
(Johnson Mathey Hallmarked)
AGE : Less than 5 years
ORIGIN: Canada, North America, Australia etc.
LOCATIONS: Europe, etc.
DELIVERY

: Buyers designated place

QUANTITY
: 500MT (Five hundred metric tons) up
to 2,000MT (Two thousand metric tons) with rolls and
extensions
FIRST TRANCHE

: 500MT (Negotiable)

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BUYER LETTERHEAD
Date: February 04, 2015

SUBSEQUENT TRANCHES: 500MT or to be agreed between

Seller and Buyer.
DURATION

: 12 Months or Less/One Time lift

PRICE: The agreed purchase price is the quoted price in USD or EUR as set
forth in the latest valid Second Fixing Rate (PM) Issued by the London
Bullion Market Association (LBMA) on the Day-of-Transaction In the event
that the LBMA is not operating on that scheduled day, the price calculation
used shall be based on second LBMA fixing of the next change to last Market
opening day and per tranche
DISCOUNT: 10% gross/7% net discount
COMMISSION: 3% Commission, as stated below: - [1.5% to
Seller Side (CLOSED); 1.5% to Buyers Side].
PAYMENT: All PAYMENTS by clear, clean money of non-criminal origin and
by BG/SBLC + SWIFT/WIRE TRANSFER MT103 within maximum two (2)
Banking days or by acceptable financial instrument to be agreed between
parties.
TRANSPORT DOCUMENTATION
Each delivery shall be accompanied by a Bill of Lading with
all
necessary
documentation
in
accordance
with
international law, which includes:
1. Original Certificate of Deposit
2. Four (4) Copies of commercial Invoices in favor of
Buyer
3. Certificate of Origin
4. Certificate of Legal Ownership
5. Internationally Accepted Assay Certificate
6. Certificate of Insurance

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Date: February 04, 2015

7. Export Permit Export License

8. Bank Warranty of Delivery
9. Custom Duty Sellers Certificate stating that the
refined Bullions are free and clear of all liens and
encumbrances and freely tradable and exportable and
is of no criminal origin
10.

Warehouse Receipts

11.
Certificate of Weight List describing each bar as
follows:
Serial Number as stamped on each bar
Fineness as stamped on each bar
Raw Weight as stamped on each bar
Total Weight as stamped on each bar
Receipt of Custom Duties and Taxes
2. Packing list

PROCEDURE:
SELLERS OPERATIONAL STANDARD NOT NEGOTIABLE BUT
OPTIONAL (A, B OR C) SELLING PROCEDURES.
NOTE: BUYERS ARE URGENTLY REQUIRED TO CHOOSE ANY
ONE OF THE BELOW GIVEN OPTIONS A, B, C AND D SALES
PROCEDURES TO CLOSE THE DEAL. SELLER WILL ISSUE AN
OFFICIAL FCO AND SPA TO THE BUYER BASED ON ANY ONE
OF THE SALES OPTIONS THE BUYER HAS CHOSEN FROM
BELOW.

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(A) PAYMENT OF PART SHIPPING COST: We will deliver the

gold bullion through our reliable appointed shipping
company directly to buyer's destination. The buyer will pay
for the delivery /shipping cost of the gold upfront to the
seller's appointed shipping company that will ship the gold
to the buyer's appointed destination for inspection/assay
/smelting. All documents/POP will be given to the buyer
and his bank to verify and confirm the gold with the bank
before delivery to buyer's destination. One of the seller's
representatives will accompany the gold during the time of
delivery to the buyer's appointed destination to supervise
the whole process. Once the buyer is satisfied with the
purity of the gold after the inspection and smelting, the
buyer will then pay for the value of the gold through T/T
Swift wire transfer directly to the seller's bank account.
The buyer will deduct from purchase price the upfront
shipping cost he paid to the shipping company that
delivered the gold to the buyer's appointed destination for
assay/smelting ( this point will be mentioned in the SPA).
DETAILED PROCEDURES:
1. Buyer nominates the destination for the delivery of the
first 500MT Gold Bullion.
2. Seller/Owner of the gold bullion
destination nominated by the Buyer.

approves

the

3. After the approval of the delivery destination by Buyer

and Seller, contract will be signed and copy exchanged
between Buyer and Seller by email which will be regarded
as the original copy.
4. Within two (2) Banking working days of signing the
Sales and Purchase Contract, Buyers shall pay shipping
cost of US $280,000.00 (50% of US$280,000 which US
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$140,000) into the bank account of the shipping

agent/company appointed by the Seller/Owner of the gold.
Upon Sellers shipping agent confirmation of the US
$280,000.00 (50% of US$280,000 which US $140,000) into
their bank account, within 24 hours Seller will release the
POP/SKR for the entire 2,000MT to verify and confirm the
gold bullion with the bank that issue the POP/SKR. After
Buyers verification and confirmation of the POP/SKR,
Sellers shipping agent will send to the Buyer all the
processed shipping documents in the name of the Buyer
for the 500MT gold bullion to verify and confirm the
incoming shipment.
5. Once the Buyer confirms the shipping documents for
the 500MT gold bullion and the POP/SKR for the entire
500MT, Seller shall instructs his Bullion Officer to set up an
appointment with Buyers Bullion Officer in the Bullion
Depository to verify the AU metal, the quantity available
and to disclose any/all liens encumbrances attached to the
metal.
6. Upon satisfaction of both Bullion Officers, Buyer decides
the second tranche pick up and payment terms as will be
agreed by both Seller and Buyer in the presence of the
two bullion officers.
7. Buyer will transfer the agreed amount of the
Hallmarked Bar tranche less then shipping cost of US
$280,000.00 (50% of US$280,000 which US $140,000) paid
by the Buyer and the subsequent ones to the Sellers Bank
via SWIFT/WIRE Transfer within 24 hours against the
Transfer of Ownership of the metal.
8. The commissions will be paid immediately and without
delay to all brokers/Mandates involved in the transaction.
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9. The Commissions will be paid immediately and without

delay to each appointed Paymaster or Beneficiary after
each tranche delivery and as per Terms and Conditions of
the NCND-IMFPA.
(B) OWNERSHIP STATUS:
In case the buyer does not want to lift the gold bullion from the bank, buyer
will be required to pay the sum of U.S. $250,000.00 to bank's trustee attorney
account the Gold bullion REFUNDABLE DOCUMENTARY DEPOSIT
(RDD) being a partial payment for the processing and changing of POP to the
buyers name. Once the partial RDD is paid, the POP will be changed in the
name of the buyer, after which the sellers bank will swift the change
POP/SKR in the name of the buyer through bank to bank for buyers
verification, before the buyer and seller will have TTM at the bank for the
official hand over of the original copies of the POP/SKR to the buyer before
the balance payment of the U.S. $250,000.00 making it the total payment of
the U.S. $500,000.00 RDD and payment to the seller at the bank by wire
transfer less the total RDD paid to the bank where gold is stored through the
bank attorney .
DETAILED PROCEDURES:
1. Seller agrees to issue Full Corporate Offer (FCO) with banking coordinates
and contract number to end Buyer, valid for 7days.
2. Buyer or Buyer's Mandate agrees to sign and seal FCO as acceptance of
terms and conditions submit Draft Sales and Purchase Contract for Seller's
approval or amendments if any and submit signed and sealed NCND-IMFPA
for Seller's acceptance.
3. Seller sends draft contract including to the buyer.
4. Buyer returns draft contract countersigned.
5. Within two (2) Banking working days after signing the Sales and Purchase
Contract and, the Buyer will pay the Bank gold bullion partial
REFUNDABLE DOCUMENTARY DEPOSIT

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(RDD) to the seller's Bank attorney trust account upfront before the TTM for
issuance of the SKR/POP to Buyer for his verification. The partial RDD is
U.S. $250,000.00 which will be refunded after the TTM or deducted from final
payment of the Gold by the Buyer. But the balance payment of the U.S.
$250,000 will be paid by the buyer or buyers mandate after the buyer or
buyers mandate must have received original copy of the POP/SKR making it
the total payment of the U.S. $500,000.00 RDD and payment to the seller at
the bank by wire transfer less the total RDD paid to the bank where gold is
stored through the bank attorney.
The SKR/POP will be in the name of the seller. The Buyer is able to verify the
SKR/POP after the bank attorney receipt and confirmation of buyer's partial
RDD payment upfront payment.
6. After verification of SKR/POP the Buyer will present his POF (Proof of
Funds) for the first tranche to Seller's Bank during TTM. Seller will invite the
Buyer's Bank Officers along with his team of assayers to inspect the AU in the
Seller's Bank Bonded Warehouse; the inspection will be completed within one
or two weeks depending on the quantity the buyer wants to buy.
7. After completion of verification of the AU, a TTM will be held in the seller's
bank between Buyer and Seller and/or their Bullion Officers for final
transaction.
8. At the TTM the ownership of the Gold/SKR/POP will be transferred
immediately to the Buyer and the funds for the first tranche will move by
swift from Buyer's account to Seller's account simultaneously. In the same
TTM the date and time for the next meeting for transaction of next tranche
will be decided.
9. The Commissions will be paid immediately and without delay to each
appointed Paymaster or Beneficiary after each tranche delivery and as per
Terms and Conditions of the NCND-IMFPA.
(C) ISSUANCE OF POP/SKR IN ADVANCE:
If the buyer needs to have the POP/SKR from seller to
verify and confirm the gold, buyer will be required to pay
an Indemnity Refundable Deposit (IRD) of US $500,000.00
against misuse of POP/SKR to the sellers bank, bank
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attorney that has the Hallmarked Gold Bullion documents

and the POP/SKR. The IRD deposited sum of US
$500,000.00 will be refunded to the buyer within 24 Hours
when TTM is completed in the bank where gold bullion is
deposited. You know that most buyers once given the
POP/SKR will use the POP/SKR to shop around, do private
placement programs (PPP) and to obtain loan from bank
and thereby misusing the POP/SKR. If this happens the
buyer loses the US $500,000.00 IRD. If the buyer did not
misuse the POP/SKR, the US $500, 000.00 IRD will be
returned to the buyer after the verification and
confirmation of the gold with the bank and purchase-sale
transaction will be successfully finalized.
DETAILED PROCEDURES: C
1. Seller/Seller Mandate issues FCO with address and full
banking coordinate to Buyer.
2. Buyer signs the FCO with address and full banking
coordinate and return to Seller with LOI/RWA.
3. Simultaneously, all parties involved will sign the
NCND/IMFPA and shall form as part of the contract.
4. The Seller shall issues the signed Private Sales and
purchases Agreement for Bullion Metal AU (SPA) to
confirm the acceptance of transaction terms and
conditions and sends it to the Buyer.
5. Buyer signs and stamps the Private Sales and Purchase
Agreement contract and returns it to the Seller.
6. Simultaneously the Buyer remits the Indemnity
Refundable Deposit of US $500,000.00 to the account of
Banks Attorney Bank coordinates viz.
7. Sellers Bank Bullion Officer shall issue POP/SKR for the
first 2,000MT tranche, on a bank to bank basis to the
buyers bank. On satisfaction, Buyers bank officer makes
the payment for the first tranche of 2,000MT and the
Indemnity Refundable Deposit (IRD) of US $500,000.00
against misuse of POP/SKR refunded to the buyer.

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8. Then, Buyer lifts the First Tranche and the subsequent

tranche will be continued by Seller/Buyers Bullion
Officers.
2 (C) OUR GOLD BULLION CUSTODIAN BANK TTM PROTOCOLS
/ROCEDURES:
1. Seller agrees to issue Full Corporate Offer (FCO) with banking coordinates
and contract number to end Buyer, valid for 7days.
2. Buyer or Buyer's Mandate agrees to sign and seal FCO as acceptance of
terms and conditions submit Draft Sales and Purchase Contract for Seller's
approval or amendments if any and submit signed and sealed NCND-IMFPA
for Seller's acceptance.
3. Seller sends draft contract including to the buyer.
4. Buyer returns draft contract countersigned.
5. Within two (2) Banking working days after signing the Sales and Purchase
Contract and, the Buyer will pay the Bank gold bullion Indemnity Refundable
Deposit (IRD) to the seller's Bank attorney trust account upfront before the
TTM for issuance of the SKR/POP to Buyer for his verification. The IRD is
US$500,000.00 which will be refunded after the TTM or deducted from final
payment of the Gold by the Buyer.
The SKR/POP will be in the name of the seller. The Buyer is able to verify the
SKR/POP after the bank attorney receipt and confirmation of buyer's IRD
upfront payment.
6. After verification of SKR/POP the Buyer will present his POF (Proof of
Funds) for the first tranche to Seller's Bank during TTM. Seller/seller bank
will invite the Buyer's Bank Officers along with his team of assayers to inspect
the AU in the Seller's Bank Bonded Warehouse; the inspection will be
completed within one or two weeks depending on the quantity the buyer wants
to buy.
7. After completion of verification of the AU, a TTM will be held in the seller's
bank between Buyer and Seller and/or their Bullion Officers for final
transaction.
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BUYER LETTERHEAD
Date: February 04, 2015

8. At the TTM the ownership of the Gold/SKR/POP will be transferred

immediately to the Buyer and the funds for the first tranche will move by
swift from Buyer's account to Seller's account simultaneously. In the same
TTM the date and time for the next meeting for transaction of next tranche
will be decided.
9. The Commissions will be paid immediately and without
delay to each appointed Paymaster or Beneficiary after
each tranche delivery and as per Terms and Conditions of
the NCND-IMFPA

BUYERS BANK COORDINATES:

BANK NAME:
BANK ADRESS:
BRANCH:
ACCOUNT NAME:
ACCOUNT NO.:
BANK OFFICER:
BANK PHONE:
BANK FAX:
SWIFT CODE:
E-mail address:
Bank web site:

January

, 2013

________________________
Buyers Full Name: Mr.
PASSPORT N:
DATE OF ISSUE:
EXPIRATION DATE;

NOTE:
For your information the refundable U.S. $500,000 IRD
security deposits to the bank where our gold is deposited
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through the bank attorney is compulsory for buyers that

wants to receive POP/SKR in advance to verify the gold. I
wish we can make changes to the administration but we
cannot. It is the only administration that is approved by
the banks where our gold is deposited. So if it is not
comfortable with your buyer, the buyer is free to buy the
gold from other gold sellers.

2 Note: We can supply the buyer with 12,000MT of gold

bullion with rolls and extensions.
The first tranche should be between 1,000MT to 2,000MT.
We can sign a five or ten years contract with the buyer but
buyer MUST accept our procedures or no deal.

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