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Gold in Swiss UBS AU 150,000MT SCO Switzerland 2020/09/30



30TH SEPTEMBER 2020

Subject: RE: Gold in Swiss

Since we cannot get LOI for 150,000MT with bank details /passport copy/ATV from one buyer of South Africa,

if your end buyer can issue those documents earlier, seller can give you allocation



To UBS AU 150,000MT SCO Switzerland 2020/09/26



(Valid 7 days after this issuing date)



Seller UBS



Commodity AU 12.5kg



Purity 999,5%



Quantity 150,000MT (First minimum tranche 5 MT)



Hallmark UBS



Age 5 years over



Price LBMA Second Fixing Price

Discounts Gloss 15% Net 12%



Consultant Fee Consul Fee 5%



LOCATION Security Warehouse Swiss



Delivery Security Warehouse Swiss

Refining Certificates UBS



Currency US$

Payment BANK to BANK via MT103



Note Not liftable after change of ownership



Documentation



1 Certificates of Origin



2 International Assay Certificates LBMA approved



3 Certificates Ownership



4 DELIVERY Consultation



5 Annual Assay Report, Bullion Weight List GLD Bar List Seral numbers



List of Procedures



1 SCO from Seller



2 Buyer issues LOI and prepares POF DCL by Seller

3 TTM, showing POF from buyer and POP ,SKR from sellers



4 Both parties discuss transportation, warehousing and payments



5 SPA Contract



6 Bank Settlement



7 Commissions paid by Paymaster

8 Delivery of the Goods /Change of Title against Funds



Seller name UBS



Letter of Intent



(Purchase application)



Dear UBS



This Letter of Intent is intended to purchase the AU Bars proposed by seller under terms and conditions described hereafter



1 Quantity AU 150,000 MT (First Minimum Tranche 5 MT)



2 Delivery place Swiss Land



3 Quality 999.5 /1000



12,5kg



Mark UBS Assayed within 5 years over



4 Price LBMA 2nd fixing of previous day

5 Discounts Gloss 15% Net 12%



6 Consultant Fee Consul Fee 5 %

7 Payment US$

8 Buyer Information



Company Name



Name



Address



TEL



E: Mail



Passport NO (CEO) Color Copy 1



Bank Information



POF Letter(required)



Buyer Signature



Buyer Information



COMPANY NAME: End buyer via .............



COMPANY ADDRESS:



REG. NUMBER:



REPRESENTED BY:



TITLE:



PASSPORT NUMBER:



PASSPORT COLOR COPY



PASSPORT ISSUE DATA:



PASSPORT EXPIRY DATA:



COUNTRY OF ISSUE:



BANK NAME: ADDRESS



BANK ACCOUNT NO POF(required)



ACCOUNT NAME



BANK OFFICER NAME



BANK TEL ADDRES



E:MAIL (OFFICER)



PASPORT COPY



Please Fill in Blanks



Buyer Mandate Name xxxxxxxxxxxxxx Signature



Subject: AU Deal Process at UBS



To Whom It May Concern,



Thank you very much for waiting for a long time. I would like to inform you about the decision made by the Japanese side regarding the AU transactions on the UBS campus.



The Japanese side (SMBC; Sumitomo Mitsui Banking Corporation) will accept the AU purchase intention (LOI) that I, Yosuke Kudo, and your company have exchanged, and the bank will investigate it. If there are no particular problems (purchasing company, purchasing



funds POF, bank information, etc.), they will send (e-mail) those documents to the department in charge of UBS in Switzerland. If there is no problem after investigating on the UBS side, UBS will send a Consultant Agreement document to me, Yosuke Kudo.



After I sign and return it to UBS, your Bank Officer in UBS will be contacted and normal on-site transactions will start. After that, both the Buyer and the Seller will complete the purchase transactions according to the instructions of UBS. The Time Schedule



will be reported to you tomorrow, September 25th. Please note again that this transaction will take place on the UBS campus in Switzerland



Letter of Authorization



I, end buyer via Mr. HIROSE /DAN have duly authorized Mr. Yosuke Kudo described below as the Consulting between the Seller and the Buyer regarding the AU deal transactions this time.

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