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InternationalTrading
152a Woodburn Road Berala NSW 2141 Australia
Email:
Tel: ++ Fax: ++ World Mob: ++ Bangkok Mob: ++ May 5, 2012
Certificate incorporates by reference, the full Non-Circumvention/Non-disclosure provisions of the I.C.C. 600 International Chamber of Commerce, Paris, and any later versions.
Signatory Seller Print Name: Dennis Perica Passport Number: L4653649 Country Issued: Australia
DennisPerica&Associates
InternationalTrading Email:
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FULLCORPORATEOFFER
AU METAL (GOLD BULLION) AS A PRIVATE AND CONFIDENTIAL SALE THIS IS A 100% PRIVATE TRANSACTION OFF-THE-MARKET
I am ready, willing and able to enter into a contract on delivery of AU-Metal on the following terms and conditions:
1.
Commodity:
AU Metal 995/1000 or better. Good London Delivery Purity Standard of 99.95% pure [or 24 Carats.]
2. Quality:
3. 4. 5.
The Kingdom of Thailand To be negotiated between buyer and seller Each bar approx. 12.5 Kilograms or one (1) Kilogram. Non GLD-Registered [i.e. Unallocated] AU is for sale in this FCO.
6.
Hallmark:
Internationally-Recognized. Five hallmarks are available. Specifics to be discussed between Buyer and Seller at the TTM.
7. Packing:
The bars will be packed in a form and manner suitable for air transport securely tied with steel straps packed on pallets. Every package must be marked according to internationally acceptable export standards.
8.
Shipment Size:
To be agreed between buyer and seller Commercial Volume. We prefer that the initial agreements start small and ramp up to larger volumes. Thousands of MT are available for the qualified Buyer.
9. Quantity:
To be agreed between Buyer and Seller This is up to the Buyer: Buyers bank in Bangkok, or to International Secure Warehouse at any Thailand Airport, or anywhere within the Kingdom of Thailand. Shipper/Security Co. can then deliver the AU to the Buyers
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export destination of choice. All export documents are provided to Buyer who exports under the Sellers Export Licence; but Buyer must make the application for export and shipment out of the Kingdom of Thailand. Export can be made a condition of sale as a subject to in the SPA. IF the Buyer cannot export, payment would not be released to the Seller. To be determined by the 2nd London Fix on the LBMA at either the delivery and acceptance date of the commodity, or on the date of the signing of the SPA/MOU in Bangkok or Thailand, as long as delivery takes place within one week of the signing of the SPA/MOU by the BUYER and the SELLER. 20% GROSS Discount off of the 2nd London Fix of the LBMA. 3% to be shared equally between BUY SIDE and SELL SIDE at 1.5% EACH. The SELL SIDE IS CLOSED. Buyers group Bio technology grp 0.30%
12: Price:
13. 14.
Discount: Commissions
Balance 1.20% open. Net Price is therefore 17% Discount to the BUYER.
15. Documents:
Each delivery will be accompanied by the following documents: a. Four (4) original commercial invoices made out by the seller, b. Certificate of ownership, c. Packing list, d. Bills of lading-Airway bills, e. Export license (in buyers name to be arranged and assisted by sellers who hold a valid export license), f. Customs clearance (in buyers name to be arranged and assisted by sellers with export tax PAID by the sellers).
16. Payment:
Irrevocable Bank to Bank SWIFT wire transfer, Bankers Draft or Cashiers Cheque, or to be negotiated between buyer and seller. See Addendum at back of this FCO.
17. Procedure
a. The Seller (Sellers duly authorised representative) sends an FCO (this document) to the Buyer. The Buyer issues a Letter of Intent / Ready Willing and Able (LOI/RWA); and/or an irrevocable purchase order (ICPO). The Buyer also signs the Fee
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Protection agreement along with the ICC-600 agreement for Non Disclosure and Non Circumvention. b. The Seller (Sellers duly authorised representative) and Buyer negotiate terms of the Sales Purchase Agreement and the parties sign the SPA. Arrangements for suitable inspection and assay will be arranged
pursuant to buyers requirements as soon as buyers financial capability has been verified.
c.
The Buyer will show POF for the amount of the test tranche [1.2 MT] of AU by opening an account at any Top 100 World Bank in Hong Kong. This account will be in the full control of the buyer at all times and will be considered a revolving POF. Seller will prove the AU of the amount of the first tranche [1.2 MT] to the Buyers bank or Security House after POF has been verified. Payment
will be effected by transfer from Buyer's account to Seller's account at HSBC, Hong Kong, or at another destination to be mutually agreed upon between the parties.
d. Buyer/ buyers authorised representative will meet with the Seller for a Table Top Meeting [TTM] in Bangkok or Hong Kong. If a meeting is
desired in Hong Kong, buyer must pay for the expenses of the Seller to travel from Bangkok.
e. Upon request of the Buyer, the Seller will arrange for the export of the refined AU out of Thailand through G4S, Brinks Security House, or through a Security House of the Buyers choice, or will assist with other export arrangements.
f.
Payment arrangements will be discussed between Buyer and Seller within the Buyers bank or pursuant to the suggestions outlined in point c. There is a potential alternative procedure which can be discussed at a TTM in Bangkok. This would involve flying the seller [at Buyers expense] from Bangkok to Hong Kong for a one-day TTM at HSBC, Hong Kong. Buyers funds could be verified in Hong Kong. Inspection and Assay would still need to be performed in Thailand for Thai FOB Delivery.
This Full Corporate Offer is valid for 30 Banking Days from the date of issue. In addition to the above
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details, we hereby welcome you to Bangkok at any time before or after the issuing of the LOI/RWA, to answer any questions that you may have concerning the purchase of AU that is offered in this FCO.
COUNTRY OF PASSPORT: Australia COMPANY NAME: COMPANY ADDRESS: PHONE NO: FAX NO: Dennis Perica & Associates 152a Woodburn Road Berala 2141 Australia ++ ++
MOBILE NO [THAILAND:] ++
Dennis Perica
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There are three options, and none places the BUYER at ANY RISK. The SELLER will NOT consider other options for the "test tranche." Any BUYER not willing to follow the procedure with one of these three options will NOT OBTAIN the commodity from us [or ANY SELLER within the Kingdom of Thailand, since all SELLERS will now follow this procedure.] In the first option, the BUYER issues an MT 103/23 in favor of the SELLER, Dennis Perica. The conditions of the Field 23 must be clearly indicated and accepted by the SELLER prior to delivery of the commodity. In the second option the BUYER opens an account at any bank in Hong Kong. HSBC is suggested, since the SELLER maintains accounts there. This can also be a Western Bank or any Top 25 World Bank. The funds can be in USD or Euros; they do not need to be exchanged into Thai Baht [THB,] although Thai Baht are acceptable to the SELLER. Funds for the first "test tranche" of 1.2 MT [approx. $48 Million USD] are placed into the account in Hong Kong, 100% in the full and secure control of the BUYER at all times. Once opened or transferred, the SELLER verifies bank-to-bank that the funds for the first tranche are in the bank. The BUYER issues a Bankers Draft/Cashiers Check from these funds. A color copy is provided to the SELLER and the BUYER, or the Buyers Bank, keeps the original. ONLY THE ORIGINAL IS NEGOTIABLE. Then the BUYER is either taken to view the commodity and the documentation as the POP; or arrangements are made for an IMMEDIATE DELIVERY OF THE COMMODITY WITHIN 48 HOURS to BUYERS Destination of Choice within the Kingdom of Thailand at the SELLERS Expense. Once the BUYER has inspected, assayed and accepted the commodity, the SELLER assists the BUYER in making arrangements for storage or export. Once delivered, the BUYER verifies and accepts shipment, payment is released to the SELLER, and all ownership/title documents [as listed in the FCO] are then released to the BUYER. The BUYER may leave his purchased commodity in the Kingdom of Thailand or export to any country willing to allow the importation of non-GLDRegistered AU. If export is desired, the SELLER is licensed for export and will assist; however, the BUYER must make the application for export documentation. If export is a condition of sale, it can be so indicated in the SPA as a subject to. If export is impossible, the BUYER does not release payment to the SELLER. Again, there is NO RISK to the buyer. No Export, No Payment. The third option for those BUYERS who do NOT wish to open an account in Thailand or Hong Kong is to have their transaction bank [in their country of choice] ISSUE A BANKERS DRAFT/CASHIER'S CHECK TO THE SELLER, MR. DENNIS PERICA for the amount of the "test tranche." Unlike a potentially expensive SWIFT MT 103, this will cost the BUYER about $20 USD to accomplish. The BUYER then makes a color copy of the Bankers Draft/Cashier's Check. On the copy of the check the BUYER writes in bold red: SPECIMEN COPY, DO NOT CASH. This protects the BUYER from any unethical usage. The copy is presented to the SELLER. The SELLER'S bank then verifies that the check is genuine and has been legally issued. This Draft/Check is an acceptable POF and the original will be acceptable for payment when the
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BUYER accepts the commodity, full documentation and takes delivery of the commodity. IMPORTANT: THE BANKERS DRAFT/CASHIERS CHECK MUST BE CASHABLE/NEGOTIABLE AT THE BUYER'S BANK IN THAILAND OR HONG KONG, OR SPECIAL ARRANGEMENTS MUST BE MADE FOR THE DRAFT/CHECK TO BE CASHABLE AT THE BUYER'S CORRESPONDENT BANK IN THAILAND. Of course, the original is not presented to the SELLERS until the BUYER is ready to accept the commodity for delivery after assay and full inspection; and suitable arrangements have been made for export, if export is the BUYERS intention. Any of these three options is acceptable to the SELLER. None of the three places the BUYER at any risk. Bank Debenture Instruments are unacceptable methods of payment UNLESS they are immediately negotiable [most have maturation dates into the future.] Traditional Documentary Letters of Credit can be acceptable for SUBSEQUENT TRANCHES, but not the FIRST Test Tranche.
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