New Wave Ventures Sdn Bhd - Au Gold Bullion, Dore Bars and Rough Diamonds

Company Profile: New Wave Ventures Sdn Bhd (1330634-P).

– your trusted and reliable au Gold Bullion and Dore bars supplier.

Who we are:

New Wave Ventures Sdn Bhd is a Malaysian-registered private limited company with its principal activities in international commodity trade and brokerage. Our area of expertise, or rather our core business, is in au gold bullion and Dore bars trade and brokerage. The company is owned by a former banker who has over 30 years’ experience in retail banking and over 3 years’ experience in the global gold trade business.

We are a trusted gold bullion re-seller with a global presence and having international networks of gold bullion brokers and facilitators.

We have successfully entered into a re-seller agreement with a gold bullion and Dore bars principal seller cum title holder who is from UK but resides in Spain.

He has huge quantity of gold in depository in Zurich, Dubai, Hong Kong, London, USA and Singapore and sells on FOB for these markets. The au gold bullion is kept in private security warehouses in free trade zones at these locations.

At New Wave Ventures Sdn Bhd, we are dedicated to providing our clients with the highest quality gold bullion consulting and trade services. With our global presence and commitment to excellence, we are a trusted name in the industry. Our team of experts works tirelessly to ensure that our clients receive the best possible service.

Having over 30 years’ experience in the banking industry and being groomed up in an environment where integrity matters, upholding our reputation comes first to us in everything we do. Time is valuable to us. We act with speed while at the same time observing sound risk management in everything we do.

What we believe: Our guiding principles:

At New Wave Ventures Sdn Bhd, we believe in being true to what we are doing, being true to our mission to provide top notch services to our customers who are global end buyers of au gold bullion and Dore bars and to our principal who is the title holder of the products we sell. We believe in doing our business with utmost integrity and responsibility, putting the fear of God in everything we do.

Our Commitments:

We are committed to scam-free dealings and supply of gold bullion or Dore bars is guaranteed so long the buyer complies with the principal seller’s transaction procedures.

We are available for zoom meeting with prior request given as part of our pre-dealing procedures as we are committed to being transparent to our buyers.

There are lots of fears and skepticism in any gold bullion transaction.

Fear of fraud: There is always risk of fraud or scams in any business or industry and gold business is no exception. We are therefore committed to protecting the interests of all parties, especially our buyers, and ensure scam-free dealings. For that reason, we require buyers’ LOI on buyers’ letterhead and CIS and signed FCO for our DD purpose before we issue the SPA. This website is created so that the prospective buyers are able to performs DD on us.

Fear of no supply: Fear that the seller has no gold to sell or is unable to supply: We can categorically confirm that so long the buyer’s LOI is accepted, and SPA is approved by the Principal Seller, supply is assured. In any case, there is a penalty clause of 1% in event of default by the principal seller.

Our Services:

At New Wave Ventures Sdn Bhd, we offer Dore bars and hallmark gold bullion for sale, both GLD and Non-GLD gold. Our gold is available on the ground in Dubai, Hong Kong, Zurich, London, USA and Singapore and transacted on FOB basis in these locations. We also deal in rough diamonds and our depository is based in London.

For end buyers who wish to get connected to the principal seller cum title holder as part of their DD process, the concall can be arranged upon notice given and after SPA is signed by both parties.

Transaction Procedures:

International gold bullion transactions are largely dictated by its transaction’s procedures or SOP.

Our transaction procedures are payment-guarantee based meaning that MT 600 SKR (with full banking responsibility), TTM invitation and ATV (authority to view) will only be sent AFTER payment guarantee is emplaced. We also accept USDT which will serve as both 'payment guarantee' and 'payment' for the gold.

We accept Swift MT 799 Blocked Funds, MT 760 SBLC with 2% PB, MT 700 DLC, MT 103-202 as well as Refundable Cash Indemnity Deposits of USD450,000 per SPA (which will revolve for the entire contract period). Banking Instruments shall have tenor of 1 year and 1 day and must be transferable and negotiable.

However, almost all deals where the buyer opted for banking instruments as payment guarantee went to trash. The reasons for this are:

The buyer may not have existing credit lines which allow them to issue the banking instruments like SBLC 760, MT 799 Blocked Funds, MT 103-202 or DLC 700. Banking instruments are seldom issued on behalf of walk-in customers but only for customers who have approved credit lines.
Due to USA sanctions against Russia, issuance of any SWIFT-based instruments requires SKR/POP upfront to ensure that the gold is not of Russian origin. But we do not provide SKR upfront due to high risk of fraud and non-performance. MT 600 SKR with full banking responsibility is only provided AFTER payment guarantee is emplaced.

To address this problem, we have rolled-out our 3rd party guarantee FCO and hybrid FCO.

Under our 3rd party guarantee offer, a 3rd party selected by the Seller will place the security deposits of 450,000 USD on behalf so that there will be no upfront for the buyer. The minimum total quantity that can be delivered to the buyer under this package is 500 MT and maximum is 3,600 MT. For amount more than 3,600 MT, it can be accommodated by way of increasing the contract tenor to more than 12 months.

Another option is the hybrid procedures where the 1st trial which must not less than 15 MT will be against refundable cash indemnity deposits of 450,000 USD and the main contract will be based on MT 103 On ledger-to-Ledger transfer which is more cashflow friendly to the buyers.

The gross discount for both packages is 12% gross and 9% net due to the need to pay guarantee fee to the 3rd party guarantor.

Minimum and Maximum Orders:

We accept Letter of Intent to buy (LOI) from 500 MT per year to 100,000 MT per buyer and we have gold bullion on the ground in Zurich, Dubai, Hong Kong, London, USA and Singapore. We can also do CIF to countries with safe and secure international airports.

USDT Transaction Procedures – To follow hybrid procedures.

USDT procedures will also follow the hybrid procedures where 1st trial is guaranteed by 3rd party security deposits of 450,000 USD and the main contract will be on USDT. The reason for this is due to POP/SKR issue as no buyers will want to send USDT without seeing the seller has the gold for sale.

Under USDT procedures, once the ownership transfer to the buyer is completed, only then the receiver will convert the USDT to USD and credit the seller’s fiduciary account and commission paid to facilitators paid.

Ledger-to-Ledger (L2L).

We also do ledger to ledger transaction procedures but our L2L is different from the usual L2L in the market. Our L2L is based on MT 103 On ledger-to-ledger transfer payment guarantee (comes with 2% PB) and it involves:

a. White slip copy.

b. Black slip copy.

c. Remittance advice.

d. Debit Note.

e. MT 940 ledger statement.

f. ECB Release Code.

Please consult your nearest bank officer or remittance officer regarding this matter.

Full Corporate Offer (FCO):

Interested buyers may request FCO directly from us. In submitting your request, we require the following information:

Location where the gold to be sent to (Dubai, Zurich, Frankfurt, London, Singapore, Hong Kong or USA).

What is the trial quantity?
What is the monthly delivery quantity?
Where does the buyer need the gold?
Payment guarantee buyer can give.

Brinks to Brinks FCO - We don't offer.

There are so many enquiries received asking us for brinks-to-brinks offer. Our offers are mainly on FOB basis where the gold is already on the ground at those locations mentioned. Brinks-to-Brinks are mainly for CIF deals which leverage on Brinks Logistic to verify the seller's proof of products before shipping it to buyer's location and Brinks offices at buyer's location will verify the buyer's proof of fund.

We don't need to use Brinks verify the proof of product as our POP/SKR is kept at leading international banks who will send MT 600 SKR with full banking responsibility once the buyer's payment guarantee is verified. Furthermore, Brinks to Brinks are not able to handle the kind of quantity that we normally transact.

If you are looking to us for Brinks to brinks offer, you are simply at the wrong place.

Parties to the transaction procedures:

Our procedures have multiple layers of security checks to protect the interest of the title holder cum principal seller, re-seller, and our buyers.

First, there is authorized re-seller i.e. New Wave Ventures Sdn Bhd. New Wave Ventures performs all the marketing activities and attending to enquiries from international brokers, does due diligence on the buyers, issuance of SPA which will then be sent to the title holder for approval, perform issuance of commercial invoices and also liaising with both the buyers, brokers and title holder. As authorized re-seller, we take our instruction from the title holder.

Second, we have the appointed receivers who will receive the payment guarantee from our buyers, authenticate the banking instruments and confirm to the title holder that the buyer's payment guarantee is good to go after which the title holder will instruct his custodian bank to sent MT 600 SKR with full banking responsibility, TTM invitation and ATV to the buyer. Different banking instruments are handled by different receivers. Our receivers maintain accounts with global top banks and in countries where they have robust financial system with less restriction on international fund movements. Their responsibilities include authenticating the buyer's payment guarantees, and once MT 103 payment is received from the buyers, they will do get the necessary approval to clear the funds and distribute the funds based on the principal seller's instruction including for payment of fees and commissions.

Third, we have a gold custodian bank which will send Swift MT 600 SKR, TTM invitation and ATV to the buyers. This is done after the receiver confirmed to the principal seller cum title holder that the payment guarantee is in order.

Fourth, the title holder who will come to deliver the gold to the buyer.

SBO & BBO Transaction Procedures:

SBO & BBO transaction procedures are where after the buyer and seller completed signing the SPA, the SPA is lodged with their respective banks and then the transaction is taken over by the SBO and BBO. The next step is where the buyer’s Bullion Officer (BBO) will liaise directly with the seller’s bullion officer (SBO).

The BBO will send to the SBO buyer's proof of funds (POF) via MT 199 and responded by the SBO who will then send Proof of Product (POP) via MT 600 SKR.

Then the SBO and BBO jointly calculate the purchase price based on the terms of the SPA after which the BBO sends payment via MT 103 to the SBO. The SBO responded by changing the ownership of the SKR to the buyer.

However, we do not do 'SBO & BBO' procedures, and our procedures are not negotiable.

Issuance of SPA - turnaround time:

For issuance of SPA, we require the signed (and sealed) FCO, signed LOI on buyer's letterhead and buyer's complete CIS. We normally issue SPA within 24 hours after receipt of complete documents from our buyers.

Compliance with AMLA and other international regulations:

In gold business, strict compliance with AMLA and those important international regulations are important in order to protect the interest of all stakeholders.

Gold transaction involves huge amount of funds. Multiple layers of checks and verifications by both buyer's bank and seller's bank ensure that each transactions are done in full compliance with AMLA and other relevant international l regulations.

Our background in banking taught us the importance of strict compliance with statutory regulations and adoption of sound risk management in everything we do as a way to protect the interests of all stakeholders.

Registered Address:

3rd Floor, Lot 220, Section 11, KTLD, Jalan Satok, Kuching, Sarawak, Malaysia.

Mobile:

+6 016 8512293

Email:

petersese1@newwave-ventures.net

Thank you and warmest regards.

Peter Sese Kabit

CEO

New Wave Ventures Sdn Bhd

ANNEXURE 1

NON-NEGOTIABLE GOLD BULLION FULL CORPORATE OFFER – 3RD PARTY GUARANTEE

We, NEW WAVE VENTURES SDN BHD (1330634-P), acting under the authority of the Seller-Owner (Principal Seller), hereby offers with full corporate and legal responsibility, under penalty of perjury and confirms that we are ready, willing and able to supply you, 3,600 MT GOLD BULLION BARS of 1 KG or 12.5 KG in minimum 999.96 / 1000 PURITY under penalty of perjury or fraud, and we are ready, willing and able to legally sell, grant title and deliver the AU metal as described under the terms, conditions and procedures hereunder:

COMMODITY

(AU) GOLD BULLION BARS (Not in the GLD Banking System)

SIZE

12.5KG OR 1 KG GOLD BULLION BARS

HALLMARK

INTERNATIONALLY RECOGNISED HALLMARK

ORIGIN OF GOLD

WEST AFRICA. NON – CRIMINAL ORIGIN

AGE

MORE THAN 5 YEARS

CURRENT LOCATION

STOCK HELD IN A PRIME CUSTODIAN BANK’S VAULT / WAREHOUSE; ADDRESS SHALL BE DETAILED IN THE SAFE-KEEPING-RECEIPT (SKR).

PRICE & DISCOUNT

LBMA, 2ND FIXING OF THE DAY 12% GROSS AND 9% NET TO BUYER FOR PURITY 999.96 / 1000 (MIN)

DELIVERY DESTINATION

(BULLION ONLY): FOB DUBAI, ZURICH, LONDON, HK, USA & SINGAPORE.

TOTAL QUANTITY & CONTRACT PERIOD

3,600 MT:

TRIAL 15 MT

MONTHLY: 300 MT FOR 12 MONTHS WITH R&E.

PAYMENT GUARANTEE

REFUNDABLE CASH INDEMNITY DEPOSITS OF 450K USD (TO BE PAID BY 3RD PARTY GUARANTOR/DEPOSITOR ARRANGED BY SELLER).

Our transaction procedures are payment-guarantee-based. Some buyers have difficulty raising banking instruments like SBLC 760 or MT 799 Blocked Funds as payment guarantee. This 450K USD PAYMENT GUARANTEE option is suitable for buyers who prefer a more cost-effective method of payment guarantee. And is NOT to be paid by buyer but by 3rd party guarantor arranged by Seller.

CURRENCY

THE LEGAL CURRENCY OF THE UNITED STATES OF AMERICA (USD) ($) OR EUROS (€)

AGENTS’ COMMISSIONS

TOTAL AGENTS’ COMMISSIONS OF 3%; (1.5% TO SELLER’S AGENT(S)(CLOSED) , 1.5% TO BUYER AGENTS.

WILL BE PAID BY THE SELLER UNDER SEPARATE IMFPA UPON FULL PAYMENT RECEIVED FROM BUYER TO SELLER.

TERMS & CONDITIONS

PURCHASE PRICE IN EUROS.

Shall be, based on the Second Fixing of the London Bullion Market Association “LBMA” on the day of closing priced in Euros, as pegged to United States Dollars.

DISCOUNT.

The Product is offered by the Seller to the Buyer, with a 12% GROSS AND 9% NET discount from the Second London Fixing of the price of gold per Troy Ounce as quoted by LBMA on the date of each respective Lift, Transfer, or Delivery to the Buyer.

COMMISSIONS:

Seller (as agreed) shall pay Seller side 1.5% (closed) and buyer’s side 1.5% (open) of the purchase price, as per the terms of this Agreement and the Non-Circumvention Non-Disclosure Irrevocable Master Fee Protection Agreement (the “NCND/IMFPA”).

WARRANTS & PAYMENT INSTRUCTIONS:

WHEREAS the Buyer confirms with full corporate authority and legal responsibility, that he is Ready, to issue VIA SWIFT MT 103 REFUNDABLE CASH INDEMNITY DEPOSITS OF 450K USD TO SELLER’S NOMINATED RECEIVER FIDUCIARY DESIGNATED BANK ACCOUNT as a Guarantee of payment to purchase 3,600 MT of the said Gold Bars.

WHEREAS; the Seller also confirms with full corporate authority and legal responsibility, that he is Ready, Willing and Able to sell the said Gold Bullion Bars and provides Proof of Product, via SWIFT MT600 from the gold CUSTODIAN BANK, for the quantity of the 3,600 MT of Gold Bullion Bars to the Buyer’s Bank Officer (copied to Buyer) ONLY upon receipt of the Buyer’s confirmed and authenticated Swift MT 103 Refundable Cash Indemnity Deposits of 450,000 USD to the Seller’s Nominated Receiver Fiduciary Designated.

WHEREAS; After all verifications of the Commodity, and presentation of Sellers Commercial Invoice in the amount (in EUR equivalent), equal to LMBA Price less Percentage Discount of NINE (9%) net of the purchase price, the Buyer shall instruct the Buyer's Bank to release to Seller Bank a SWIFT MT 103 FINAL payment to Seller’s NOMINATED FIDUCIARY RECEIVER Bank Account in exchange of Full Title and Ownership of the of gold bullion.

STORAGES: PRIME BANK / WAREHOUSE VAULTS.

TRANSACTION PROCEDURES.

a) Seller has issued FCO which basic terms and conditions acceptable to the Buyer subject to the final SPA and buyer have signed the FCO AND ISSUED AN LOI TO SELLER COMPANY to proceed.

b) Seller’s SPA has been issued to the Buyer to complete and return after any final agreed amendments.

c) After mutual agreement with the final SPA, The Buyer (first) and Seller (second) and Guarantor (third) sign and seal this Sales and Purchase Agreement with their full banking coordinates within the SPA, NCNDA and IMFPA banking coordinates in this Agreement.

d) The Seller, the Buyer and guarantor will lodge the completed set of contract documents with their respective banks.

e) The GUARANTOR will then instruct his Bank TO SEND CASH SWIFT MT 103 REFUNDABLE INDEMNITY SUM OF USD $450,000 TO SELLER’S NOMINATED FIDUCIARY RECEIVER BANK AND SEND THE BANK PAYMENT SLIP COPIED SELLER FOR FOLLOW UP.

f) Upon receiving, verifying, authenticating, and validating the CASH SWIFT MT103 REFUNDABLE INDEMNITY SUM OF USD $450,000 at the Fiduciary bank, Seller’s gold custodian bank will issue 2% PB, MT 600 SKR with full banking responsibility, Letter of Invitation (ATV –AUTHORITY TO VIEW) to TTM to view and inspect the gold to be sent to the Buyer’s email address.

g) Buyer along with an Assayer of Buyer’s choice will then be invited to the Custodian Bank for Tabletop Meeting and a physical viewing/inspection of the Gold Bullion Bars at the bank depository within three (3) Banking Days after the CASH SWIFT MT 103 REFUNDABLE INDEMNITY DEPOSIT by the buyer is verified and validated. The buyer may also nominate Buyer’s Bullion Officer and/or an Authorized Representative to attend on Buyer’s behalf if preferred. If so required, Buyer can arrange to send the gold to a mutually recognized refinery for assay at Buyer’s cost.

h) All relevant documentation and paperwork will be provided to the Buyer electronically (per tranche). The Buyer will also receive an Assay Report for their records.
i) After the physical viewing/ inspection/assay of the Gold Bullion Bars at the bank depository and once the Buyer has settled the cost of the spot trial tranche Gold Bullion

Bars of 15 MT with the Seller of the gold, the Title of ownership of equal quantity of the spot delivery of 15 MT Gold Bullion Bars will be transferred to Buyer.

j) The USD $450,000.00 CASH INDEMNITY DEPOSIT SUM shall revolve for 12 months and be refunded to the 3RD PARTY GUARANTOR after 3,600 MT is completely delivered to the buyer.

k) The buyer will be granted the required authorization to verify the SKR and all other documents directly with the Custodian Bank of the gold in his capacity as the Buyer.

l) The commissions to the seller’s agents and buyer’s agents and fees to the guarantor due will be paid by the Seller immediately and without delay to each appointed Paymaster or Beneficiary after each tranche and as per the Terms and Conditions of the SEPARATE NCNDA/IMFPA which forms part of this Agreement.

i. TRANSACTION CONCLUDED.

ANNEXURE 2

NON-NEGOTIABLE GOLD BULLION FULL CORPORATE OFFER – HYBRID PROCEDURES.

We, NEW WAVE VENTURES SDN BHD (1330634-P), duly authorized by Seller-Owner (Principal Seller), hereby offers with full corporate and legal responsibility, under penalty of perjury and confirms that we are ready, willing and able to supply you, 10,020 MT GOLD BULLION BARS of 1 KG or 12.5 KG in minimum

999.96 / 1000 PURITY under penalty of perjury or fraud, and we are ready, willing and able to legally sell, grant title and deliver the AU metal as described under the terms, conditions and procedures hereunder:

COMMODITY

(AU) GOLD BULLION (Not in the GLD Banking System)

SIZE

12.5KG OR 1 KG GOLD BULLION BARS

HALLMARK

INTERNATIONALLY RECOGNISED HALLMARK

ORIGIN OF GOLD

WEST AFRICA. NON – CRIMINAL ORIGIN

AGE

MORE THAN 5 YEARS

CURRENT LOCATION

STOCK HELD IN A PRIME CUSTODIAN BANK’S VAULT / WAREHOUSE; ADDRESS SHALL BE DETAILED IN THE SAFE-KEEPING-RECEIPT (SKR).

PRICE & DISCOUNT

LBMA, 2ND FIXING OF THE DAY 13 % GROSS AND 10 % NET FOR PURITY 999.96/1000 (MIN).

DELIVERY DESTINATION (BULLION ONLY): FOB DUBAI, ZURICH, LONDON, SINGAPORE, HK AND USA.

TOTAL QUANTITY & CONTRACT PERIOD: TOTAL: 10,020 MT (INCLUSIVE OF TRIAL 20 MT) FOR 12 MONTHS CONTRACT AT

50 MT FOR 2ND MONTH, 200 MT FOR 3RD MONTH AND 850 MT PER MONTH FOR 12 MONTHS WITH FINAL DELIVERY AT 480 MT.

PAYMENT GUARANTEE BEFORE DELIVERY.

SPA-1: FOR 20 MT TRIAL.

REFUNDABLE SECURITY DEPOSITS OF 450,000 USD TO BE PLACED BY THE SELLER’S APPOINTED SECURITY PROVIDER/GUARANTOR. (TO ENABLE BUYER TO INSPECT THE GOLD AT SELLER’S SECURITY WAREHOUSE AND THEREBY ADDRESSING POP/SKR ISSUE.

SPA-2: FOR 10,000 MT WITH MONTHLY DELIVERY AS PER BELOW:

PRIME BANK SWIFT MT 103 LEDGER-TO-LEDGER TRANSFER WITH SAME DAY AUTOMATIC GENERATED AUTHENTICATING DOCUMENTS – WHITE SLIP COPY, BLACK SLIP COPY, REMITTANCE ADVICE, DEBIT NOTE, MT940 LEDGER STATEMENT AND ECB RELEASE CODE FOR THE VALUE OF THE DELIVERY AS FOLLOWS:

50 MT (2ND MONTH)
200 MT (3RD MONTH).
850 MT (ONWARDS)
480 MT (FINAL DELIVERY).

CURRENCY

THE LEGAL CURRENCY OF THE UNITED STATES OF AMERICA (USD) ($).

AGENTS’ FEES

TOTAL AGENTS’ FEES OF 3%; (1.5% TO SELLER’S AGENT(S) (CLOSED)AND 1.5% TO BUYER AGENT(S) (OPEN). WILL BE PAID BY THE SELLER UNDER SEPARATE IMFPA IMMEDIATELY UPON FULL PAYMENT RECEIVED

FROM BUYER TO SELLER.

TERMS & CONDITIONS

PURCHASE PRICE IN EUROS.

Shall be, based on the Second Fixing of the London Bullion Market Association “LBMA” on the day of closing priced in Euros, as pegged to United States Dollars.< >DISCOUNT.The Product is offered by the Seller to the Buyer, with a 13% GROSS AND 10 % NET discount from the Second London Fixing of the price of gold per Troy Ounce as quoted by LBMA on the date of each respective Lift, Transfer, or Delivery to the Buyer.

FEES AND COMMISSIONS:

WARRANTIES & PAYMENT INSTRUCTIONS:

WHEREAS the Buyer confirms with full corporate authority and legal responsibility, that he is Ready, to issue Proof of fund which shows that he has the financial capacity to pay for the monthly delivery of the gold after assay.

WHEREAS the Seller also confirms with full corporate authority and legal responsibility, that he is Ready, Willing and Able to sell the said Gold Bullion Bars and provides Proof of Product, via SWIFT MT600 from the gold CUSTODIAN BANK, for the quantity of the 10,020 MT of Gold Bullion Bars to the Buyer’s Bank Officer ONLY upon receipt of the confirmed and authenticated CHOICE OF PAYMENT GUARANTEE to the Seller’s Nominated Receiver Fiduciary Designated Bank Account.

WHEREAS After all verifications of the Commodity, and presentation of Sellers Commercial Invoice in the amount (in USD equivalent), equal to LMBA Price less Percentage Discount of TEN percent (10%) net of the purchase price, the Buyer shall instruct the Buyer's Bank to issue to Seller Bank a SWIFT MT 103 FINAL payment to Seller’s NOMINATED FIDUCIARY RECEIVER Bank Account in exchange of Full Title and Ownership.

< >STORAGES: PRIME BANK / WAREHOUSE VAULTS.TRANSACTION PROCEDURES:The Seller and Buyer solemnly agree as follows:

SPA-1: 20 MT.

a) Seller has issued FCO which basic terms and conditions acceptable to the Buyer subject to the final SPA and buyer have signed the FCO and issued an LOI to SELLER COMPANY to proceed.

b) Seller’s SPA has been issued to the Buyer to complete and return after any final agreed amendments.

c) After mutual agreement with the final SPA, The Buyer (first) and The Seller (second) will sign and seal this Sales and Purchase Agreement with their full banking coordinates within the SPA, NCNDA and IMFPA followed by the guarantor who will complete his details as well as his banking coordinates in the Agreement.

d) The Seller and the Buyer will lodge the completed set of contract documents with their respective banks.

e) The guarantor / 3rd party depositor will then instruct his Bank, TO SEND CASH SWIFT MT 103 REFUNDABLE INDEMNITY SUM OF USD 450,000 TO SELLER’S NOMINATED FIDUCIARY RECEIVER BANK AND SEND THE BANK PAYMENT SLIP COPIED SELLER FOR FOLLOW UP.

f) Upon receiving, verifying, authenticating, and validating the CASH SWIFT MT103 REFUNDABLE INDEMNITY SUM OF USD 450,000 at the Fiduciary bank, Seller’s gold custodian bank will issue MT 600 SKR, Letter of Invitation (ATV – AUTHORITY TO VIEW) to TTM to view and inspect the gold to be sent to the Buyer’s email address.

g. Buyer along with an Assayer of Buyer’s choice will then be invited to the Custodian Bank for Tabletop Meeting and a physical viewing/inspection of the Gold Bullion Bars at the bank depository within three (3) Banking Days after the CASH SWIFT MT 103 REFUNDABLE INDEMNITY DEPOSIT by the guarantor / 3rd party depositor is verified and validated. The buyer may also nominate Buyer’s Bullion Officer and/or an Authorized Representative to attend on Buyer’s behalf if preferred. If so required, Buyer can arrange to send the gold to a mutually recognized refinery for assay at Buyer’s cost.

h) All relevant documentation and paperwork will be provided to the Buyer electronically (per tranche). Buyer will also receive an Assay Report for their records.

i) After the physical viewing/ inspection/assay of the Gold Bullion Bars at the bank depository and once the Buyer has settled the cost of the first tranche of 20 MT Gold Bullion Bars with the Seller of the gold, the Title of ownership of equal quantity of the 20 MT delivery of Gold Bullion Bars will be transferred to Buyer.

j) The buyer will be granted the required authorization to verify the SKR and all other documents directly with the Custodian Bank of the gold in his capacity as the Buyer.

k) The commissions to the seller’s agents and buyer’s agents and fees to the guarantor due will be paid by the Seller immediately and without delay to each appointed Paymaster or Beneficiary after each tranche and as per the Terms and Conditions of the SEPARATE NCNDA/IMFPA which forms part of this Agreement.

l) The USD 450,000 CASH INDEMNITY DEPOSIT SUM shall be refunded to the 3rd party guarantor after the trial quantity of 20 MT is completely delivered to the buyer.
m) TRANSACTION CONCLUDED.

SPA-2: 10,000 MT

a) Seller issues FCO to Buyer Buyer returns the FCO signed and sealed to Seller and along with Buyer’s LOI”.

b) Upon receipt Seller IMMEDIATELY issues Sales and Purchase Agreement “SPA + NCNDA + IMFPA” for Buyer to review, accept, initial and return back to Seller.

c) Both Parties exchange the executed the SPA/NCNDA/IMFPA and negotiated SPA filling in their respective coordinates, including but not limited to; banking information, International colour passport copy, Company Trade License or Company Certificate of Incorporation.

d) SPA is lodged into both Buyer and Seller Banks.

e) Buyer’s Bank issues SWIFT LEDGER TO LEDGER PAYMENT TRANSFER as Payment Guarantee to Seller’s nominated Bank for the 2nd trial delivery of 50 MT to be followed by third delivery of 200 MT and subsequently monthly delivery of 850 MT and buyer sends the following documents for authentication purposes; 1/. WHITE SLIP COPY, 2/. BLACK SLIP COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE, 5/. MT940 LEDGER STATEMENT, and 6/. ECB RELEASE CODE on the same day.

f) Upon receipt confirmation from buyer's Ledger to Ledger swift confirmation with evidence of Swift correspondence document, seller will issue a 2% PB to buyer against non-performance of the contract and seller draws 2% from buyer's Ledger-to-Ledger account should buyer did not perform the contract.

g) Upon receipt and authentication of the Buyer’s supplied documents; 1/. WHITE SLIP COPY, 2/. BLACK SLIP COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE, 5/. MT940, and 6/. ECB RELEASE CODE on the same day, the Seller's Gold Bars Custody Bank shall issue to the Buyer a Depository Confirmation Letter (DCL) along with Authority To View - “ATV” and evidence of Proof Of Product “POP” via SWIFT MT600 to Buyer’s Bank and copy made available by email to Signatory Buyer only.

h) Within three (3) banking days the Buyer or his Appointed Agent will be invited by ATV to the Vault/Gold Bullion storage facility of the Custodian Bank, for physical inspection.

i) After, Post Inspection and acceptable Assay Report, Buyer instructs his bank to RELEASE payment for the Gold Bullion into the Sellers Nominated Bank Account, via SWIFT MT103 while the LEDGER TO LEDGER PAYMENT TRANSFER instrument revolves until the entire quantity is exhausted, with tranches as per refinery schedule, to be determined.

j) Parties execute the change of Title of Ownership between Seller and Buyer, upon each settlement.

k) Seller pays the Seller Side Nominated Beneficiaries in the IMFPA or to the Nominated Paymaster of the Beneficiaries. Buyer pays the Buyers Side Nominated Paymaster of the Buyer Beneficiaries.

l) TRANSACTION CONCLUDED.