Gold bars available for sale

SELLER:
Company: E&C ENTERPRISE S/LEONE LTD
Address: 15 GODERICH,FREETOWN,SIERRA LEONE
Country:    SIERRA LEONE
Represented by: JOSEPH COKER
Passport No: EE777624
Nationality: SIERRA LEONE
         DOCUMENTS:

Seller must provide the following documents to Buyer a day prior to departure of the gold to buyers refinery or address:
 originals of Commercial Invoices in favor of the Buyer
Certificate Of Origin
Certificate Of Ownership
Government Assay Report
Export Permit
Packing List
Original Copy of the Airway Bill
Customs Declaration ,Declaration that the gold is free and clear and of non-criminal origin, unencumbered and free of any liens, and is transferable and exportable


TITLE OF GOODS:

The Title to the gold shall transfer from the Seller to the Buyer immediately upon clearing Customs and will be placed into the account of the Buyer at the refinery with the necessary documents. Provided, however, Buyer will not take legal ownership until the agreed price of the gold is paid as per this contract after final assay from the refinery.


        PRIVATE SALE AND PURCHASE AGREEMENT FOR 100KG
AU GOLD BARS CIF DELIVERY TO BUYERS DESTINATION
 (SPA)
                                                                                                                           



WHEREAS: Seller has available for sale of AU GOLD BARS/BAR, hereinafter collectively referred to as Gold.
WHEREAS: Buyer wishes to purchase Seller's Gold over an agreed upon time period.


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

 SCOPE OF THE CONTRACT:

a) The Seller, under full authority and responsibility, declares that he has the capability
and unrestricted right to sell the Gold and guarantees that he is capable to legally export the AU GOLD BARS to BUYERS DESTINATION.

b) The Buyer, under full corporate authority and responsibility declares that he and his associates have the full capability to purchase the un-refined gold BARS and such purchase will be increased with options of annual extensions.    
Any excuse of delayed or partial payment is not accepted after final assay and the value accepted by both Buyer and Seller.

BULK PRICE :  $30,000 KG/CIF
Purity          :   94.2%
Fineness      :   23 CARAT +
ASSAY             : FINAL ASSAY REPORT WILL BE MADE IN BUYER'S REFINERY AT (BUYERS DESTINATION).
ORIGIN           :   SIERRA LEONE
g)  PACKING        : EXPORT PACKAGE BOXES

QUANTITY:

Seller agrees to sell and deliver to buyer the total quantity of100KG first shipment possible rolls and extensions.

BULK PRICE: US$ 30,000USD.
 a)  The price payable by the Buyer to the Seller on the bulk quantity of 100KG 2,800,000USD per assayed kilo of AU GOLD BARS.

b)  Referenced funds in this agreement to be wired is in United States Currency (USD$ 28,000.00) x 100 KG=$2,800,000 CIF to BUYERS DESTINATION BASED ON THE FINAL ASSAY OF THE BUYERS REFINERY.

CHARACTERISTICS OF THE GOLD BARS

Deleterious elements in refining material:
In the following, the most common impurities in refining result are accepted and limits are formulated below to which are  gold bars is acceptable without additional amounts being charged to the Seller.

These limits are to be considered as indications by the refinery and have to be re-evaluated depending on the gold bars and the process of refining it is destined for.

Class 1:            Impurities, which are hazardous to personal and environment
Element                                                         Acceptable levels
Radioactive                                                   none
Mercury                        Hg                           none
Arsenic                          As                            max. 80 ppm
Cadmium                      Cd                            max. 80 ppm


Class 2:             Impurities, which can disturb the refinery process and as well influence the
                         Environnementale protection processes:
Element                                                         Acceptable levels
Lead                                Pb                          max. 3%
Tin                                   Sn                          max. 3%
Selenium                          Se                          max. 200 ppm
Tellurium                        Te                          max. 200 ppm
Bismuth                           Bi                           max. 100 ppm
Antimony                        Sb                           max. 100 ppm

These are other elements, which may be present in refining gold bars, that do not have hazardous properties or disturb the processing significantly if present in minor quantities, but may disturb the homogenization and sampling due to the fact they produce a heavy segregation when the metal solidifies

These elements in particular are:                        Iron                   Fe
                                                                          Nickel                 Ni
                                                                          Cobalt                Co
DELIVERY TERMS:

a) The delivery terms for this S.P.A. agreement shall be on a CIF (By Air cargo through the applied service of a shipping company that will commence the delivery to buyers refinery for final assay and payment) at the Buyers choice of destination.
 B) The 100KG AU GOLD BAR will be shipped out of Sierra Leone via a shipping company.

After the successful and satisfactory of the assay, then the Buyer will pay to
Sellers nominated account the total face value of the 100KG of AU GOLD BARS.

c)  The Buyers Bonded Customs Agent will clear shipment of AU GOLD BAR through Customs at the Port of Import at Buyers destination. Seller must notify Buyer of the Port of Import at least 48 hours prior to the Gold arrival.
d) The Buyers Bonded Customs Agent and Sellerss representative will be physically present at Customs Port of Import if the need arise and to ensure all procedures have been followed and actual delivery was completed to the refinery.

PAYMENT TERMS:

Final payment for the Gold shall be made by Wire Transfer to the Seller's designated Bank, within 24 to 48 hours after receipt of final assay report from the refinery. Payment Notice this will serve as part of the contract and has the same legal effect.

PROCEDURE:

1: The Buyer will sign this contract electronically and return in word format for Seller endorsement.

2: Any of the above Shipping Company will deliver the 100 KG of the AU GOLD BARS to the Buyers refinery in BUYERS DESTINATION for final assay.

3: After the first trial shipment of 100 KG, The Seller will deliver every month the total quantity of 150KG of AU GOLD BARS for monthly shipment Buyers destination for 1 year until the contractual total of 1900KGs AU GOLD BARS has been sent. The entire contract will be discharged within 1 year of the signing of this contract.   .

4: The seller will take care of the local taxes and buyer will take care of the shipping cost which he pay directly to the shipping company account. The buyer has to come down for physical inspection of the gold which seller will give a collateral of gold to the buyer and the gold will be deposited in an electronic safe and locked by the seller and buyer , this is to serve  a guarantee for the payment  of the delivery cost which will be covered by buyerand upon deliveryand final test at buyer's refinery the gold collateral will be released by the buyet to the seller .

5: Upon result of final assay at the buyers refinery, the buyer will deduct amount of money he spent on the shipping cost while he remits the remaining balance to the sellers nominated account.

6: All Payment will be facilitated by Seller instruction based on the final assay ounces of the Buyers Refinery.

7: Payment by the Buyer shall be made to the Seller's designated Bank within 36 to 72 hours after receipt of final assay report from the refinery and this value will be accepted by both Buyer and Seller.

8: Seller give 5% commission to Broker/Intermediary/agent or Mandate upon closing the deal at buyers choice of refinery, 5% will be wired to Broker/Intermediary/agent or mandate account immediately when buyer is also making the sellers payment.



PREPARATION OF AIR WAY BILL

BUYER AIRPORT OF IMPORT AND COMPANY ADDRESS SHOULD BE WRITTEN IN THE HASH FIELD BELOW BY THE BUYER.
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CLEAR TITLE:

Seller confirms and warrants that the Title of the gold to be sold herein will be free and clear of any and all Liens and encumbrances and Seller states that the gold is not of terrorist and/or criminal origin.



WARRANTIES:

Seller warrants that the commodity can be shipped to Buyer without restrictions.

The Seller agrees to accept the final assay report from the Buyer's designated refinery, accepting payment of each shipment after final assay of the gold.

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Sincerely
Rasheed.