PRIVATE SALE AND PURCHASE AGREEMENT FOR GOLD DORE BARS - TRADE TO PRICE

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PRIVATE SALE AND PURCHASE AGREEMENT FOR GOLD DORE BARS

Or & Métaux

CONTRACT CODE: GTGL–00302365/2019 Via C.SAB

PRIVATE SALE AND PURCHASE AGREEMENT FOR GOLD DORE BARS

This Sale and Purchase Agreement for Gold Bars is made and entered into on the July 23^RD ,2019

SELLER

COMPANY NAME

ADDRESS

COUNTRY

REPRESENTED BY

DESIGNATION - TITLE

PASSPORT No.

TEL/ FAX No.

E-MAIL

Here in after referred to as the Seller

BUYER

COMPANY NAME

ADDRESS

COUNTRY

REPRESENTED BY

DESIGNATION - TITLE

PASSPORT No.

TEL/ FAX No.

E-MAIL

COMPANY NAME

ADDRESS

COUNTRY

REPRESENTED BY

DESIGNATION - TITLE

PASSPORT No.

TEL/ FAX No.

E-MAIL

Here in after referred to as the Buyer

WHEREAS

The Seller has at his free disposal GOLD in the form of Dore Gold Bars, hereinafter referred to as “Raw Gold”, which he is prepared to sell to the Buyer for refining.

The Buyer is entitled and willing to engage in a FOB TRANSACTION BUYING of Dore Bars into Seller’s Country purchase on a (12) twelve-month supply R&E.

NOW,THEREFORE: The Parties agree to the Terms and Conditions as follows:

SPECIFICATIONS

Commodity: Aurum Utalium (AU)

Form: Gold Dore Bars

Gold Fineness/Purity: 96.5 %, 22 Ccarats

Quality: After Refinery process at Buyer expenses hallmarked gold quality Certification, purity 999.95 % or better

Weight: 1 Kg Bars & 5 Kg Bars

Origin: Rough product from mining operation of Ghana Gold Mines be

refined at Buyer´s expenses

Packing: In a strong Metal Safe box with Buyer’s company Name Attached

Shipping: Buyer concerned FOB transaction

Transaction: Open Market Private Sale (Not GLD System).

Agreement Duration: 24 months

Quantity: 8400 kg (Height Thousand Four Hundred)year or more with R&E

Delivery Schedule: First month, trial order of 10 to 100 kg per day AU or more every day,

agreed between buyer and seller for 12 months R&E

Delivery: DAP INCOTERMS 2010.

Buyers Destination:

Refinery: Ghana

Price per KG $31,000 FOB

Commission: SELLER’S side: $1000 per kg, will be paid by the Seller and

BUYER’S side: 0% per kg will be paid by the Seller.

Product History: Clean, Clear, no liens and non-Criminal Origin

Terms: Exact quantity, quality, purity, and nature may be determined

and confirmed based on the Assay Report issued by final refinery

destination.

Currency: United States Dollars / US$ [USD]

Payment: 100% Swift Wire Transfer After assay report – SWIFT MT103 Bank

   to Bank - (within max.3 banking days   upon issuance of the Assay
   Report) less the cost of shipment according the   invoices from the
   shipment company

DOCUMENTS

The Seller shall be responsible for the provision of any and all documents relating to the gold supplied and required for the export of the gold to the designated consignee of the Buyer.

To this end, the Seller shall upon the sealing of the assayed gold at GHANA GEOLOGICALSURVEY DEPARTMENT be responsible for the provision of all of but not limited to the following documents:

• Commercial Invoice from the Seller stating the value of thegoods

• CertificateofOrigin

• CertificateofOwnership

• Declarationthatgoodsarefromnon-criminalsourceandfreeofallliens/encumbrances

PROCEDURE

1 Buyer and Seller agreed to the terms and conditions set forth

2 Buyersignsthe SPA, and return itwith a copy of the Buyer’s Mandate passport

3 Seller and Buyer/Buyer’s Mandate arrange on a time and date to meet in Accra

4 Buyersends a copy of the Buyer’s Mandate air ticket to the Seller

5 Buyer/Buyer’s Mandate meet the Seller on arrival in Accra to discuss the time to meet at GHANA GEOLOGICALSURVEY DEPARTMENT

6 After the abovementioned meeting, Seller arranges for gold to bedelivered to GHANA GEOLOGICALSURVEY DEPARTMENT

7 Immediatelyafterassay at GHANA GEOLOGICALSURVEY DEPARTMENT, the Buyer pays via MT103 Or Cash

8 Once money reflects in Seller’sbankaccount, ownership of the productwillautomaticallybetransferred to the Buyer

9 Buyer’s Mandate thentakesownership of the product and to arrange for ALL export mattersincluding all documentation, all safetymeasures and all transport. Abovementionedcosts, as well as assay at GHANA GEOLOGICALSURVEY DEPARTMENT, willbe for the account of the Buyer.

PENALTY FOR DEFAULT:

a) The Seller further undertakes to reimburse the Buyer on demand all monies paid consequent upon this agreement plus a penalty of $10,000, should the Seller default in its obligation or warranties hereunder, particularly in the event that the export of the gold purchased is unsuccessful owing to the default of the Seller to provide proper, genuine, appropriate and sufficient documentation.

b) In the event that the Seller fulfils all its obligations and the Buyer defaults in its obligations or warranties hereunder, the Buyer undertakes to reimburse the Seller all sums spent pursuant to the fulfilment of its obligations under this agreement plus a penaltyof $10,000.

c) NOTE: THE GOLD DORE BARS REMAINS IN THE SELLER’S NAME AND POSSESSION UNTIL PAYMENT REFLECTS IN SELLER’S BANK ACCOUNT.

Buyer’s Mandate/Intermediaries, as well as Seller’s Mandate/Intermediaries, will not beheldresponsible for anyfinanciallosses (or damages) incurred by either Seller or Buyer - should one of these parties default on thiscontract.

BothBuyer and Seller to sign and acceptthis Agreement by close of business Tuesday23June 2019, and the Commencement Date of this Agreement shallbevalid for 5 workingdaysfrom the date of its signature by all the Parties hereto.

I, the Buyer/Buyer’s Mandate AYED KHELIL (copy of mandate letter to beattached to signedcontract) isReady, Willing and Able to buy and pay for the AU (Gold Bars) offered in this SPA whichisreturneddulysigned and sealed and accompaniedwith a copy of the Passport of the Buyer Mandate whowilltravel to Accra, Ghana.

BANKING COORDINATES SELLER

BANK NAME

ADRESS

ACCOUNT NAME

IBAN NUMBER

ACCOUNT NUMBER

SWIFT CODE

BANK OFFICER

BANK TEL

BANK OFFICER EMAIL

SIGNATORY

BANKING COORDINATES BUYER

BANK NAME

ADRESS

ACCOUNT NAME

IBAN NUMBER

ACCOUNT NUMBER

SWIFT CODE

BANK OFFICER

BANK TEL

Non-Disclosure and Non-Circumvention& Exclusivity Right.

1 The parties agree not to disclose the contents of this contract to any thirdParty.

2 Each party irrevocably agrees not to circumvent the other party by contacting third parties who have become known to them by the other party directly or indirectly and to immediately notify the other party should such an attempt be made.

VALIDITY OF DOCUMENTS

The parties acknowledge the legal validity of documents transmitted in the following ways:

a) Email

b) Registered airmail or courier

FORCE MAJEURE

The parties hereto shall not be held liable for any failure to perform under the "Force Majeure" clause as regulated by the International Chamber of Commerce, Paris - France

APPLICABLE LAW AND VENUE.

Governing Law: This Agreement is a legal agreement and subject to International Chamber ofCommerce (ICC) law. which shall be deemed to be executed in London, UK. If Collateral Provider has any questions or doubts, Collateral Provider is to contact Collateral Provider’s independent financial advisor prior to signing.

SIGNING PAGE:

FOR THE SELLER:

Signatory:

Company:

Title: DIRECTOR

Passport NR :

Nationality: GHANA

FOR THE BUYER:

Signatory:

Company: G

Title:

Passport NR :

Nationality: