SELLER’S FULL LETTERHEAD

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

FULL CORPORATE OFFER

DATE: .......... , 2009

TO: PRINCIPAL BUYER

C/O: ……………………………………..., Email: ................................................

SIR,

I ………………., WITH PASSPORT ……………., PRESIDENT & CEO OF ………………

……, WITH FULL CORPORATE LEGAL AUTHORITY, AND RESPONSIBILITY BOTH
PERSONALLY AND CORPORATE, AND UNDER PENALTY OF PERJURY CONFIRM
THAT, WE ARE READY WILLING AND ABLE (RWA) TO SELL AND DELIVER THE
FOLLOWING UNENCUMBERED COMMODITY, AS FOLLOWS:

COMMODITY : .........................................................

QUANTITY : __________________ (____MT) METRIC TONS WITH

ROLLS AND EXTENSIONS

FINENESS : 999.5/1000 OR BETTER

BAR SIZE : TWELVE POINT FIVE (12.5 KGS) KILOGRAMS

HALLMARK : INTERNATIONALLY ACCEPTED

AGE OF HALLMARK : ___ YEARS

LOCATION :

Seller’s Initial__________
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FULL CORPORATE OFFER (CONT.)

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

PRICE : SECOND FIXING OF THE LONDON GOLD MARKET

ON THE DATE OF CLOSURE

DISCOUNT : ____(__%) GROSS; _____ (__%) PERCENT NET TO

THE BUYER

COMMISSION FEE : ONE (1%) PERCENT TO THE SELLER SIDE; AND

ONE (1%) PERCENT TO THE BUYER SIDE
CONSULTANTS

DELIVERY :

PAYMENT : BUYER’S BANK BULLION ACCOUNT TO SELLER’S

BANK BULLION ACCOUNT, IMPLEMENTING
BULLION CONTRACT, FOLLOWING STRICTLY
SWISS PROCEDURE.

PROCEDURE

1. SELLER ISSUES FULL CORPORATE OFFER (FCO) SIGNED BY THE SELLER,

TOGETHER WITH A DRAFT OF THE SALES AND PURCHASE AGREEMENT
(SPA).

2. BUYER RESPONDS BY SIGNING THE SPA WITH OR WITHOUT

MODIFICATIONS, AFTER NEGOTIATIONS WITH THE SELLER AND SELLER
ALSO SIGNS THE SPA, AND THE BULLION CONTRACT IS ALSO EXECUTED.

3. SELLER'S BULLION BANK CONFIRMS, WITH FULL BANKING RESPONSIBILITY,

THE QUANTITY, QUALITY OF THE COMMODITY, AND THAT SELLER HAS THE
RIGHT TO SELL, AND CAN DELIVER THE COMMODITY AT CLOSURE, AND
LIKEWISE, BUYER'S BULLION BANK CONFIRMS WITH FULL BANKING
RESPONSIBILITY THAT BUYER IS READY, WILLING AND ABLE (RWA), TO PAY
THE PURCHASE PRICE AT CLOSURE.

Seller’s Initial__________
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FULL CORPORATE OFFER (CONT.)

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

4. THE BUYER, AND/OR HIS BULLION BANK HAS TWENTY FOUR (24)
INTERNATIONAL BANKING HOURS TO AUTHENTICATE THE COMMODITY AND
SUPPORTING DOCUMENTATION.

5. THE COMMODITY AND FUNDS CHANGES OWNERSHIP, IN ACCORDANCE

WITH NORMAL BULLION BANKING PROCEDURE.

6. SUBSEQUENT ROLLS AND EXTENSIONS SHALL STRICTLY ADHERE TO THE

ABOVE PROCEDURE.

NOTE:

1. ALL PARTIES INCLUDING CONSULTANTS' FEES, WILL BE PROTECTED BY THE

ISSUANCE OF AN IRREVOCABLE FEE AGREEMENT AND PAY ORDER BY
BUYER, INCLUDING ALL ROLLS AND EXTENSIONS OF ANY SPA BEARING THE
SAME PARTIES, AND ORIGINAL TRANSACTION CODE.

2. THIS FCO IS FOR THE EXCLUSIVE BENEFIT OF THE ADDRESSEE ONLY AND
SUPERSEDES ANY PREVIOUS FCO. THIS FCO CANNOT BE PUBLISHED OR
TRANSFERRED.

3. THIS FCO IS VALID FOR A PERIOD OF TEN (10) DAYS, STARTING WITH THE
DATE OF SIGNATURE.

THE ATTACHED DRAFT OF OUR SALES & PURCHASE CONTRACT (9 PAGES) IS

PART OF THIS FULL CORPORATE OFFER.

I, [AS SELLER’S MANDATORY] CONFIRM IN LIEU OF OATH TO HAVE PERSONALLY

REVIEWED THE OFFER FOR AUTHENTICITY AND GUARANTEE THAT, THE
OFFERED GOODS DO EXIST AND ARE FROM A BONA FIDE OFFERER.

Seller’s Initial__________
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FULL CORPORATE OFFER (CONT.)

TRANSACTION CODE:
BUYER’S REFERENCE CODE:
SELLER’S REFERENCE CODE:
CONTRACT N°:
SAFE KEEPING RECEIPT N°:

October 25th, 2006

________________________
Name:
Passport Number: ____________ Country of Issue: __________
Date of Issue: ___/___/_______ Date of Expiration: ___/___/_______

Seller’s Initial__________
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