PARK GENERAL LIMITED 20-21 JOCKEY'S FIELDS LONDON UNITED KINGDOM, WC1R 4BW UK COMPANY REGISTRATION NO: 08886968
DATE:MAY 102014 SELLER CODE: PJGL/PGL/GBB/2014MD68106 BUYER CODE: TO: END BUYER VIA MR, DANIEL CHO
FULL CORPORATE OFFER WE, PARK GENERAL LIMITED REPRESENTED BY MR. PARK JUNG, HOLDING AUSTRALIAN PASSPORT N° M9095860 WITH FULL CORPORATE AUTHORITY, HEREBY IRREVOCABLY, CONFIRM AND WARRANT WITH FULL, LEGAL RESPONSIBILITY AND AUTHORITY; AND UNDER PENALTY OF PERJURY OR FRAUD THAT WE ARE THE BONA FIDE, LEGAL SELLER OF THE OFFERED AU/BULLION, AND WE ARE READY, WILLING AND ABLE TO SELL AND DELIVER THE GOLD BULLION TO BUYER UNDER THE FOLLOWING TERMS AND CONDITIONS: WE, AS THE SELLER, MAKE THIS OFFER WITH FULL CORPORATE AUTHORITY AND UNDER SOLE AND TOTAL RESPONSIBILITY AS THE SELLER. COMMODITY : GOLD BULLION BAR (AURUM UTALIUM) FORM : 12.5-KILO BARS OF GLD STANDARD FINENESS : 999.5% /1000 (MINIMUM) HALLMARK : JOHNSONMATTHEY ORIGIN : NORTH AMERICA /AUSTRALIA /GUINEA CONAKRY DEPOSITORY : DEPOSITARY BANK LONDON/ CYPRUS/ SINGAPORE DELIVERY : FOB /CIF BUYER’S DESIGNED PLACE CURRENCY : EURO/USD FIRST TRANCHE & TOTAL Q’TY : 2MT/WEEKLY FOR 6 MONTHS(24WEEKS).50MTS TOTALLY WITH FULL BANK RESPONSIBILITY SUBSEQUENT LIFTS : TO AGREE BY SELLER AND BUYER CONTRACT TERM : MAXIMUM 6 MONTHS GOLD BULLION AGE : 4 YEARS : FCO VALIDITY : THIS FCO IS VALID FOR 5/FIVE BANKING WORKING DAYS. PURCHASE PRICE : THE AGREED PRICE IS THE QUOTED IN USD OR EUR ON THE DAY OF TRANSACTION SET BY 2ND FIXING LONDON BULLION METAL ASSOCIATION (LMBA. IN THE EVENT THAT THE LBMA IS NOT OPERATING ON THAT SCHEDULED DAY, THE PRICE CALCULATION USED SHALL BE BASED ON THE SECOND LMBA FIXING OF THE NEXT MARKET DAY.
DISCOUNT GROSS １２％ NET８％ COMMISSION：4％TOTAL COMMISSION。 1.5％SELLER'S MANDATE（CLOSED）。THIS IS DANIEL 1.0％（INTERMEDIARY CONSULTANT - BUYER SIDE）。 1.5％BUYER'S MANDATE AND HIS ALL INTERMEDIARIES
1.
PAYMENT INSTRUCTIONS: ALL PAYMENTS BY CLEAR, CLEAN MONEY OF NON-CRIMINAL ORIGIN AND BY SWIFT/WIRE TRANSFER WITHIN MAXIMUM THREE (3) BANKING DAYS OR LEDGER TO LEDGER TRANSFER BASIS. TRANSPORT DOCUMENTATION EACH DELIVERY SHALL BE ACCOMPANIED BY A BILL OF LADING WITH ALL NECESSARY DOCUMENTATION IN ACCORDANCE WITH INTERNATIONAL LAW, WHICH INCLUDES: 1. 2. 3. 4. 5. 6. 7. 8. 9.
ORIGINAL CERTIFICATE OF DEPOSIT FOUR (4) COPIES OF COMMERCIAL INVOICES IN FAVOR OF BUYER CERTIFICATE OF ORIGIN CERTIFICATE OF LEGAL OWNERSHIP INTERNATIONALLY ACCEPTED ASSAY CERTIFICATE CERTIFICATE OF INSURANCE EXPORT PERMIT – EXPORT LICENSE BANK WARRANTY OF DELIVERY CUSTOM DUTY SELLER’S CERTIFICATE STATING THAT THE REFINED BULLIONS ARE FREE AND CLEAR OF ALL LIENS AND ENCUMBRANCES AND FREELY TRADABLE AND EXPORTABLE EACH BAR AND IS OF NO CRIMINAL ORIGIN 10. WAREHOUSE RECEIPTS 11. CERTIFICATE OF WEIGHT LIST DESCRIBING EACH BAR AS FOLLOWS: SERIAL NUMBER AS STAMPED ON EACH BAR FINENESS AS STAMPED ON EACH BAR RAW WEIGHT AS STAMPED ON EACH BAR TOTAL WEIGHT AS STAMPED ON EACH BAR RECEIPT OF CUSTOM DUTIES AND TAXES 12. PACKING LIST
13. INSURANCE POLICY/COVER NOTE FOR PERIOD OF WAREHOUSING AT THEESENT LOCATION (5) 14. STATEMENT BY OWNER/SELLER TO THE EFFECT THAT THE GOLD IS NOT THE OBJECT OF ANY INTERNATIONAL SANCTIONS. (5)
PROCEDURES: (A). SELLER ISSUE THIS FULL CORPORATE OFFER (FCO) WITH BANKING COORDINATES AND CONTRACT NUMBER TO END BUYER, VALID FOR 5 DAYS. (B). BUYER OR BUYER’S MANDATE AGREES TO ISSUE LOI AND RWA WITH FULL BANKING INFORMATION RETURN SIGNED, SEALED FCO AS ACCEPTANCE OF TERMS AND CONDITIONS, SUBMIT DRAFT SALES AND PURCHASE CONTRACT FOR SELLER’S APPROVAL OR AMENDMENTS IF ANY AND SUBMIT SIGNED AND SEALED IMFPA FOR SELLER’S ACCEPTANCE. (C). AFTER MUTUAL AGREEMENT, BUYER OR BUYER’S MANDATE AND SELLER OR SELLER’S MANDATE SIGN AND SEAL THE HARD SALES AND PURCHASE CONTRACT WITH FULL BANKING COORDINATES.
NOTE: EDT OR FAX COPY IS LEGAL AND BINDING.
BUYER SHOULD CHOOSE 1 OPTION BELOW FROM OUR NON NEGOTIABLE SELLING OPTIONS:
OPTION N0.1: DELIVERY SHIPPING COST PAYMENT:OUR
GOLD BULLION DEPOSITORY BANK (SELLER DEPOSITORY BANK LIKE STANDARD CHARTERED BANK ,BARCLAYS BANK,LLOYDS BANK OR CYPRUS BANK ) WILL DELIVER THE GOLD BULLION THROUGH THE SELLER TESTED AND RELIABLE APPOINTED SHIPPING COMPANY DIRECTLY TO BUYER'S DESTINATION ,BEFORE THIS BUYER WILL BE REQUIRED TO DEPOSIT/PAY DIRECTLY 50% OF THE PART SHIPPING COST STANDING AS THE REFUNDABLE SHIPMENT SECURITY GUARANTEE (RSSG) INTO A BANK ACCOUNT BELONGING TO SELLER TESTED AND RELIABLE APPOINTED.ONCE WE THE SELLER RECEIVE THE PAYMENT SLIP FOR THE 50% RSSG, THE POP /SKR /ALL THE PROCESS SHIPPING DOCUMENTS IN THE NAME OF THE BUYER WILL BE GIVEN TO THE BUYERAND HIS BANK TO VERIFY AND CONFIRM THE GOLD BULLION WITH THE SELLER DEPOSITORY BANK THROUGH MT600 SWIFT FOR THE BUYER AND HIS BANK TO CONFIRM THE COMING SHIPMENT BEFORE DELIVERY TO BUYER'S DESTINATION FOR PAYMENT TO US BY WIRE TRANSFER LESS THE 50% PART SHIPPING COST. IN THE EVENT OF THE VERIFICATION AT OF GOLD NOT BEING SATISFACTORY, THE RSSG CASH DEPOSIT MADE WITH THE SELLER TESTED AND RELIABLE SHIPPING COMPANY WILL BE RETURNED TO THE BUYER UPON HIS FIRST AND SIMPLE DEMAND WITHOUT ANY DELAYS OR DECUCTIONS.
OPTION N0.2: TRANSFER/CHANGEOF OWNERSHIP: IN A SITUATION THE BUYER IS NOT MOVING OR LIFTING THE GOLD BULLION FROM THE SELLER DEPOSITORY BANK,SELLER BANK WILL ISSUE A FRESH TRANSFER OF OWNERSHIP OF THE GOLD BULLION LIKE POP/SKR/OTHER GOLD BULLION RELATED DOCUMENTS FROMTHE SELLER NAME T0 THE BUYER’S NAME,BEFORE THIS BUYER IS URGENTLY REQUIRED TO PAY/DEPOSIT DIRECT $500,000 .00 (FIVE HUNDREDTHOUSANDUNITED STATE DOLLARS) INTO THE GOLD BULLION HOLDING BANK TRUSTEE ATTORNEY ACCOUNT (HBTAA) DIRECTLY AND THE GOLD BULLION HOLDING Y BANK WILL CONFIRM/TELEFAX NOTIFY THE RECEIPT OF THE BUYERS PAYMENT OF THE REFUNDABLE DOCUMENTORY DEPOSIT (RDD) BY THEIR HBTAA INDICATING FULL SELLER DEPOSITORY BANK RESPONSIBILITY FOR THE TRANSFER OF THE OWNERSHIP OF THE GOLD BULLION TO THE BUYER’S NAME ,THE POP/SKR WILL BE CHANGE IN THE NAME OF THE BUYER AND ACCORDING TO THE SELLER DEPOSITORY BANK POLICY THE PROCESSED CHANGETRANSFER OF OWNERSHIP DOCUMENTS LIKE POP/SKR /TTM INSPECTION INVITATION LETTER IN THE NAME OF THE BUYER WILL BE FIRST SEND TO BUYER VIA BANK TO BANK SWIFT MT600 TO THE BUYERS BANK FOR THEIR VERIFICATION AND CONFIRMATION OF THE POP/SKR IN THE NAME OF THE BUYER WITH THE SELLER DEPOSITORY BANK. IMMEDIATELY THIS ABOVE IS DONE, THE GOLD BULLION HOLDING BANK WILL SET A TTM APOINTMENT DAY WITH SELLER AND THE BUYER IN SELLER CUSTODIAN BANK, ON THE APPOINTMENT TTM DAY SELLER AND BUYER WILL MEET FACE TO FACE AT TTM ANDGOLD BULLION HOLDING BANK WILL OFFICIALLY HAND OVER THE ORIGINAL POP /SKR /OTHER GOLD BULLION RELATED DOCUMENTS TO THE BUYER AND BUYER WILLPAY THE ACTUAL OF THE GOLD BULLION TO THE SELLER SIMUITANEOUSLY BY WIRE TRANSFER LESS THEREFUNDABLE DOCUMENTARY DEPOSIT (RDD).THE PAYMENT WILL BE MADE TO THE HOLDING BANK TRUSTEE ATTORNEY ACCOUNT (HBTAA) WITH THE CONDITION THAT IT SHALL BE RETURNED UPON FIRST AND SIMPLE DEMAND,WITHOUT DELAYS OR DEDUCTIONS, IN THE EVENT OF THE POP/SKR IN HE NAME OF THE BUYER NOT BEING ISSUED, AS REQUESTED BY THE BUYER.
OPTION N0.3: ISSUANCE OF POP/SKR IN ADVANCE: IF THE BUYER NEEDS TO HAVE THE POP/SKR FROM SELLER TO VERIFY AND CONFIRM THE GOLD, BUYER WILL BE REQUIRED TO PAY AN INDEMNITY REFUNDABLE DEPOSIT (IRD) OF US$400,000.00 AGAINST MISUSE OF POP/SKR TO THE GOLD BULLION HOLDING BANKTRUSTEEE ATTTORNEY ACCOUNT(HBTAA) THAT HAS THE HALLMARKED GOLD BULLION DOCUMENTS AND THE POP/SKR. THE IRD DEPOSIT SUM OF US$400,000.00 WILL BE REFUNDED TO THE BUYER WITHIN 24 HOURS, WHEN TTM IS COMPLETED IN THE HOLDING OF THE GOLD BULLION . YOU KNOW THAT MOST BUYERS ONCE GIVEN THE POP/SKR WILL USE THE POP/SKR TO SHOP AROUND, DO PRIVATE PLACEMENT PROGRAMS (PPP) AND THEREBY MISUSING THE POP/SKR. IF THIS HAPPENS THE BUYER LOOSES THE USD400, 000.00 IRD. IF THE BUYER DID NOT MISUSE THE POP/SKR, THE USD400, 000.00 IRD WILL BE RETURNED TO THE BUYER AFTER THE VERIFICATION AND CONFIRMATION OF THE GOLD WITH THE BANK AND PURCHASE-SALE TRANSACTION WILL BE SUCCESSFULLY FINALIZED.THE PAYMENT WILL BE MADE TO THE HOLDING BANK TRUSTEE ATTORNEY ACCOUNT (HBTAA) WITH THE CONDITION THAT IT SHALL BE RETURNED UPON FIRST AND SIMPLE DEMAND,WITHOUT DELAYS OR DEDUCTIONS, IN THE EVENT OF THE POP/SKR IN HE NAME OF THE BUYER NOT BEING ISSUED, AS REQUESTED BY THE BUYER.
OPTION N0.4: PAYMENT COLLATERAL: WE WILL DELIVER THE GOLD BULLION THROUGH OUR TESTED AND RELIABLE APPOINTED SHIPPING COMPANY DIRECTLY TO BUYER'S DESTINATION FOR PAYMENT TO US BY WIRE TRANSFER AFTER BUYER HAS RECEIVED THE GOLD TO CONFIRM THE PURITY, BEFORE THE DELIVERY SINCE THE BUYER IS NOT PAYING US FOR THE GOLD BULLION IN ADVANCE, BUYER WILL BE REQUIRED TO ISSUE ON OUR BEHALF BY SWIFT AN OPERATIVE BG/SBLC MT760 VIA BANK TO BANK SWIFT TO STAND AS THE PAYMENT COLLATERAL THAT BUYER WILL PAY US AFTER THE RECEIPT OF THE GOLD AT HIS DESTINATION AND PURITY CONFIRMATION. WITHIN 24 HOURS OF OUR BANK'S RECEIPT AND CONFIRMATION OF THE FINANCIAL INSTRUMENT, THE POP WILL BE RELEASED TO BUYER AND HIS BANK TO VERIFY AND CONFIRM THE GOLD BEFORE DELIVERY TO BUYER'S DESTINATION FOR PAYMENT TO US BY WIRE TRANSFER AND THE SBLC /BGM760 CANCELED SINCE IT IS JUST A PAYMENT GUARANTEE.
PARK JUNG ACCOUNT DETAILS FOR RECEIVING FUNDS BARCLAYS BANK PLC IBAN GB55 BARC 20498 17324 8305 SWIFT CODE: BARCGB22 SORT CODE:20 49 81 ACCOUNT NO: 73248305 BENEFICIARY:PARK GENERAL LIMITED
SIGN& SEAL BY SELLER COMPANY CURRENT APPOINTED DIRECTOR
FULL NAME: MR DAVID BUCKLEY PASSPORT NUMBER : 972096745 ISSUING COUNTRY : BRITISH CITIZEN DATE OF ISSUE : 02 APRIL 2013 DATE OF EXPIRATION : 02 APRIL 2023 FOR AND ON BEHALF OF PARK GENERAL LIMITED SIGN& SEAL BY SELLER COMPANY OWNER/CEO/PRESIDENT
SELLER’S FULL NAME : PRINCE PARK JUNG PASSPORT NUMBER :M9095860 ISSUING COUNTRY : AUSTRALIA DATE OF ISSUE : 28 OCT 2008 DATE OF EXPIRATION : 28 OCT 2018 FOR AND ON BEHALF OF PARK GENERAL LIMITED
ACCEPTANCE OF F.C.O. BY BUYER WE, THE BUYER, ARE READY, WILLING AND ABLE TO BUY THE AU GOLD BULLION OFFERED IN THIS F.C.O. WHICH IS RETURNED TO YOU DULY SIGNED AND SEALED AS ACCEPTANCE OF THE TERMS AND CONDITIONS PRINTED HEREIN
SIGN&SEAL OF THE BUYER
BUYER’S FULL NAME PASSPORT NUMBER ISSUING COUNTRY
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DATE OF ISSUE DATE OF EXPIRATION
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