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Company Information
AU SELLERS SIMPLIFIED PROCEDURESA. Seller will send the Full Corporate Offer (FCO) to the Buyer detailing procedures.
PRO-FORMA
FULL CORPORATE OFFER
The Sellers Mandate, acting with authority and responsibility does and do hereby confirm sale and transfer of the following commodity subject to terms, condition and procedures set out hereunder:
1. Commodity : GOLD BULLION (Aurum Utalium) In Bar Form of:
A. WEIGHT : 12.5 KG.GLD
B. PURITY : 999.5%
2. Quantity : 500 METRIC TONNES with Roll-Over and Extensions
3. Price : Second Fix on the day of Closing of the announced price for gold
Bullion per troy ounce by the London Bullion Market
Association (LBMA)
4. Payment : At closing in Euros free and clear and of non-criminal origin
5. Hallmark : Internationally accepted hallmarks
6. Discount : Seven percent (7%) gross
Five percent (5%) net to the Buyer
7. Professional One percent (1%) to Sellers side
Fees : One percent (1%) to Buyers side
8. Documents : All documents shall comply with GLD standard specifications for gold bullion, and the following documents shall be transferred to Buyer at
closing upon Sellers full receipt of the purchase price:
A. Bullion certificate
B. Certificate of Ownership
C. Certificate of Origin
D. Certificate of Assay
E. Tally Sheet per Certificate
F. Warehouse Receipt
G. Certificate of Insurance Coverage
H. Yearly Bank Statement