AU SELLERS SIMPLIFIED PROCEDURESA. Seller will send the Full Corporate Offer (FCO) to the Buyer detailing procedures.PRO-FORMAFULL CORPORATE OFFERThe 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.GLDB. PURITY : 999.5%2. Quantity : 500 METRIC TONNES with Roll-Over and Extensions3. Price : Second Fix on the day of Closing of the announced price for goldBullion per troy ounce by the London Bullion MarketAssociation (LBMA)4. Payment : At closing in Euros free and clear and of non-criminal origin5. Hallmark : Internationally accepted hallmarks6. Discount : Seven percent (7%) grossFive percent (5%) net to the Buyer7. Professional One percent (1%) to Sellers sideFees : One percent (1%) to Buyers side8. Documents : All documents shall comply with GLD standard specifications for gold bullion, and the following documents shall be transferred to Buyer atclosing upon Sellers full receipt of the purchase price:A. Bullion certificateB. Certificate of OwnershipC. Certificate of OriginD. Certificate of AssayE. Tally Sheet per CertificateF. Warehouse ReceiptG. Certificate of Insurance CoverageH. Yearly Bank Statement
