PRODUCT: Aurum Utalium / Gold Bullion Metal in the GLD system.
WEIGHT: 12.5KG Bars of AU Metal, (1 Kg = 32.1507425 Troy Ounces )
HALLMARK: Internationally Accepted and Recognized “LBMA” Registered / Certified Hallmarks, Less than five (5) years
FINENESS / PURITY: Fineness of 999.5/1000 Parts Pure Gold (“GLD Specifications”)
LOCATION: The Product is physically located at: GLD Bullion Depository, Hong Kong
The Product will be lift able from: GLD Bullion Depository, Hong Kong
QUANTITY: Twenty-Thousand Metric Tons (20,000 MT), with Rolls and Extensions as agreed.
1ST TRANCHE: Twenty-Five Metric Tons (25 MT), Or Greater amount if Buyer Capable, it would be preffered to Lift 5000MT at first Trench, this, will be discussed at Table Top Meeting (TTM)
INCREMENTS: To be executed in accordance to the trenching schedule, as agreed between Principal Seller and Principal Buyer at the (TTM) in New York City, United States of America
PRICE: The Purchase Value of Each and Every Lift of the Product as per the Agreement (the “Purchase Value”) Shall Be Calculated on the Date of Transfer / Delivery, in advance of Any Discounts, as Follows:
“The Number of Fine Troy Ounces of the Product Delivered in Each and Every Lift, as Established by the Assayer Certificate Issued by the Refinery (One Kilogram Being 32.1507425 Fine Troy Ounces), Multiplied by the Fine Troy Ounce's Price According to the Last Known 2nd Fixing of the London Bullion Market Association (the “LBMA”) on the Day of Delivery / Invoicing” and displayed by the “LBMA”. In the event that the “LBMA” is not operating on that scheduled day, the price calculation used shall be based on the second “LBMA” fixing of the next market opening day”.
The Purchase Value of the Product Shall Be Calculated with a Precision of One (1) Cent (1/100th of One (1) United States Dollar (“USD”); the Quantity of the Product Shall Be Calculated with a Precision of 0.001 (1/1000th of One (1) Fine Troy Ounce).
ORIGIN: To be advised at TTM in New York City, United States of America
PAYMENT: Cleared Funds against Delivery
DELIVERY: As Agreed upon between the Seller’s Bullion Officer and the Buyers Bullion Officer
PROCEDURES: Bullion Officer to Bullion Officer, Buyer’s Option.
DISCOUNT: Seven (7 %) percent Gross / Five (5 %) percent Net to Buyer.
Intermediaries Professional Fees of One (1 % percent on each side0. 1% Seller Side – Closed and 1% Buy Side Open To be paid by Buyer and respectively under an IMFPA
which will be an integral part of the contract.
PROOFING: Final Proof Of Product (POP) and Proof Of Funds (POF) will be exchanged between Buyer and Sellers’ Gold Bullion Officer (GBO) at a suitable time arranged between both GBO’s.
PAYMENT: Payment of the AU GLD bullion Metal shall be in good, clean, clear, United States dollars (USD) of non-criminal origin.
Each delivery will be accompanied by all documents normal to the trade. The documents which will be delivered by the seller’s bank are as follows:
 Four copies of invoice made out to the buyer
 Gold bullion certificate
 Certificate of ownership
 Internationally acceptable assay certificates
 Assayer and smelter certified weight list describing each bar.
 Certificate of origin
 Tax clearance including declaration that the product is free from liens and encumbrances.
 Warehouseman's certificate (bonded goods release permit).
 Export license would be provided at buyer’s expense.
 Safe Keeping Receipts (SKR)
 Commercial Invoice
 Insurance Certificate
 Aurum Utalium (AU) is Movable to Buyer’s Facility
III. PROCEDURES:
1. Seller’s mandate or Seller issues the final Full Corporate Offer (FCO) to the Buyer.
2. Buyer “Associate” Signs the Full Corporate Offer (FCO) as acceptance of terms and conditions, and issues 2 Letters as follows: BEFORE THIS CAN BE CONSIDERED. THE SELLER / MANDATE WILL BE CONTACTED BY THE BUYERS LAW FIRM AND APPOINT A TIME FOR THE MEETING. THE SELLER MANDATE WILL VISIT THE BUYERS NOMINATED LEGAL COUNSEL IN NEW YORK CITY, UNITED STATES OF AMERICA AND TO VERIFY That THE BUYER’S BANK CAPABILITY LETTER EQUAL TO 25MT AU IS SIGNED BY TWO BANK OFFICERS AND UPON VALID VERIFICATION, THE SELLER’S MANDATE (MR. SHALOM) WILL COORDINATE AND PERMIT AND CONTACT THE SELLER SHORTLY THEREAFTER TO SCHEDUEL A TTM THE AT SELLER`s SELECTED LOCATION TO EXCHANGE OF BONIFIDE DOCUMENTS AND CLAUSE “A” AND “B“ AT THE FOLLOWING APPOINTED TABLE TOP MEETING AT THE SELLER’S OFFICE IN “NEW YORK” SAME DAY . AT BUYER’S LAW OFFICE IN NEW YORK. ( Be advised that Once Seller Mandate verify THE BCL FOR 25MT has Two Bank Officers signatures and it is ORIGINAL, The Meeting with Seller will take Place Same hour or next hour. )
A.) At this time the Buyer seals and signs the IMFPA that will be sent along with the buyer signed FCO,

3. Also, Buyer will Issue a Bank Capability Letter For Twenty-Five (25 MT) Metric Tons. The Capability Letter have to be signed by Two Bank Officers and/or TO BRING THE ORIGINAL BUYER’S BANK CAPABILITY LETTER (BCL) TO BUYER’S LAW FIRM IN NEW YORK (USA) AND TO SHOW THE ORIGINAL BUYER’S BANK CAPABILITY LETTER (BCL) TO SELLER’S MANDATE AS SET FORTH AT THE APPOINTED TIME AND DATE OF THE TABLE TOP MEETING (TTM). The Seller / Sellers Mandate will verify the Capability Letter and in few Minutes the Seller will Give “Hard Copies” to The Buyer / Buyers Mandate or Legal representatives the Following Items :
A. ) Invitation to Closed Deal In Hong Kong,
B. ) SKR, Certificate of Ownership and other relevant document.
C. ) Seller`s Bullion Officer`s Coordinates
4. Seller Invites Buyer or his Reps, for a comfort TTM in Hong Kong.
And at the Final TTM In Hong Kong:
a) The Seller will sign the FCO at the meeting, and the SPA with Basic banking details. Once the SPA has been signed, l as well as the IMFPA, will also be completed and signed and sealed.
b) Tranching schedules and all relevant banking and bullion officer information that will be required for an expedited closure at the Bullion depository at Hong Kong will be discussed and confirmed.
SUGGESTED SALES PURCHASE AGREEMENT FOR TRANSACTION PROCEDURE
5.1. The Seller and the Buyer hereby agree to and fully accept the following procedure for the execution of the Transaction by both Parties:
The Seller and the Buyer, hereby execute the Agreement, electronically, which electronic execution shall be legally binding by the Parties as per the Section 14 below.
The Seller shall instruct his Bank / Bullion Officer to issue, via SWIFT, the Proof of Product (“POP”) of the Au Metal “GLD” Gold Bullion within the Initial Lift [consisting of Two Hundred Metric Tons (200 MT)] to the Buyer’s Bank / Bullion Officer. The Buyer’s Bank / Bullion Officer shall have the right to contact the Seller’s Bank / Bullion Officer to verify the Proof of Product.
The Buyer’s Bullion Officer contacts the Seller’s Bullion Officer and these two Bankers organize the rapid exchange of the Proof of Product (“POP”) for the Proof of Funds (“POF”).
The Buyer’s Bank / Bullion Officer and the Seller’s Bank / Bullion Officer shall finalize all documents necessary to legalize and allow the successful transfer of the Title / Ownership of the Product in the Initial Lift of Two Hundred Metric Tons (200 MT) of the Product on a payment against delivery; Ledger to Ledger basis or Bank to Bank basis or as the Parties may agree. All payments for Each and Every Lift, as per the Agreement, shall be accomplished according to the terms and conditions herein and shall incorporate the instructions as contained in the attached the Seller’s Payment Instructions [“Annex 3” of the Agreement]. Lifts subsequent to the Initial Lift, if Rolls & Extensions should be agreed by the Parties, shall be transacted directly between the Buyer’s Bullion Officer and