WHEREAS: The "SELLER" has complete and full authority to sell Gold Dust / Dore after Smelting Process, and Buyer is able and willing to purchase it, parties will be agreed to enter into this sale/purchase Contract, now therefore, the parties hereto, for and in consideration of the promises and undertaking described in this agreement, do hereby agree as follows;
1. Seller deposit the gold with Government shipping Agency for inspection and smelting assignments in accordance with Mali Republic Law.
2. The buyer will pay 7% government export taxes and smelting for the gold dust in accordance of Mali Procedures, the government export tax will pay direct to government export company account.
3. The buyer will ship the gold via Government Export and Shipping Agency to buyer’s country or to choice of his destination and will be make payment for the contained gold after buyers refinery has completed final Assay report..
4. Price for 1kg of gold dust is $17,500 USD of “contained gold” (FOB)
5. Seller pays sell side commission $500 per kilo and buyer pays buy side commission, both as agreed between the parties and the intermediaries.
Type of gold: DUST ( Au Metal 22 carat plus, with purity of 93.5%better) Then smelted into Dore, Fineness: TBD%, to be paid after refinery at the buyers refinery and contained gold is determined. The Seller warrants and represents that the gold Dore delivered under this agreement is free of any liens and/or further encumbrances and of non-criminal origin.
02) Total quantity:
Herein specified gold Dore is packed in accordance to Government export shipping procedures.
The gold Dore as specified herein will be delivered by Government exporter to the buyer’s destination postal address or address of buyer’s refinery. Delivery of gold will be within two days after signing agreement with the buyer and buyer is responsible for Customs exportation fees and all charges before the refinery at the buyer’s destination.
Buyers will minus expenses for taxes, smelting and all other fees paid from the quantity of gold after refinery. And will provide the seller with invoices for these fees to insure accuracy.
Verification of documents and the physical Dore - gold will be confirmed between parties and final assay of buyer choice refinery
The Buyer shall pay for the gold dust / dore after smelting delivered under this contract, in clean and clear United States Dollars or Euro and world accepted currency of non-criminal origin.
The Buyer will pay with a wire transfer of 100% or by cash at hand of the total cost of quantities of contained Gold sold by the seller to the buyer to be after refinery assay for the contained gold minus the cost of taxes, smelting and verification of each monthly gold shipment.
Should such verification be finished after 24:00 hours on that day payment will be effected on the next day, should such day be on holiday or bank holiday, payment will be effected on the next banking day. If the refinery’s schedule does not permit the inspection to be held immediately, then this will not be a negative
factor against the Buyer. Seller may need to be patient for up 2 days due to refinery scheduling and verification.
07) NON CIRCUMVENTURE/ NON DISCLOSURE
The parties hereto agree to respect each others proprietary interests and not to reveal details and/or information to parties and/or individuals other than those who are the offers involved in handling this transaction. Like : Sellers side designated Consultants Buyers side paid to Buyer’s designated Consultants. Except without written consent of the other party, no communication is to be made by one party to the other party in confidential manner.
08) Taxes and Liabilities:
The parties hereto will not make any representation regarding tax consequences (if any) of the transaction contemplated by this contract. Each party individually and separately will accept their own liabilities for any taxes, impose levies duties or charges and institutional costs which may arise or are applicable in the performance and execution of their respective duties under this contract
09) Force and effect:
Should any of the provisions of this agreement be or become invalid by virtue of applicable law/s or become unenforceable, this agreement shall remain in full force and the invalid or unenforceable provision/ shall be replaced by the provision/s to be mutually agreed between the parties hereto. This agreement shall be severable in the event that any provision shall be adjudged, invalid, illegal or unenforceable.
This agreement shall be construed without regard to any of such provision.
That the transaction stipulated in this agreement in from either of the parties side fully legal transaction and that each such person executing this agreement, contracts that there is no known violation of any law by him, her or it, by entering into this agreement. The parties involved should perform Contract with good reason and maintain loyalty and trustworthy.
(Seller contact details withheld.)
Signed and sealed by both parties