INTERNATIONAL PRECIOUS METALS LEGISLATION ALSO ANSWERS TO THE REQUIREMENTS OF THE PATRIOT ACT I AND ACT II The procedures

lis ed here !re speci"ic !s o #h! #!s issued $% he U&S& Feder!l Reser'e (!)* +FED, !)d he World Gold Cou)cil o) -u)e . h/ 0112 !s #h! !re re3uired $% l!# !)d )o# o $e "ollo#ed o) !ll Gold +AU, r!)s!c io)s& The speci"ic 4uideli)es !s se "or h $% hese #o !4e)cies e5!c l% !s re3uired )o# o do AU r!)s!c io)s !)d %ou #ill pro$!$l% #!) o *eep ! cop% o" his "or %our records !s i is he o)l% le4!l #!% o" doi)4 hese r!)s!c io)s )o#& As he s !4e o" (!)* O""icer o (!)* O""icer i c!) !lso $e se up !s ! T!$le Top 6ee i)4 ! he $!)* i" he seller !)d $u%er #ish/ or ! led4er i) er7$!)* co) r!c r!)s!c io) (!)* O""icer o (!)* O""icer& U&S& Feder!l Reser'e (!)* !)d World Gold Cou)cil I) er)! io)!l Procedure8 9& The Seller or his M!)d! e issues ! Full Corpor! e O""er& All AU 6e !l o""ers 6us sho# he seller cle!rl%& 0& O)l% he Seller or his le4!l M!)d! es 6!% issue !) AU O""er !)d i" i is he 6!)d! e issui)4 i / i 6us $e !cco6p!)ied $% he le er e'ide)ci)4 he receip o" 6!)d! e !u hori:! io) "ro6 he seller& All o""ers recei'ed "ro6 )o)7!u hori:ed i) er6edi!ries #ill $e !u o6! ic!ll% re;ec ed& <& The I) er)! io)!l Precious Me !ls Le4isl! io) does )o !llo# $u%ers o "irs se)d ! le er o" purch!se I) e) $ec!use i is co)sidered solici i)4 !)d is s ric l% "or$idde)& =& Seller or Seller>s 6!)d! e 6us 6o'e "irs #i h !) o""er #hich should i)clude 6e !l lice)se de !ils !)d $!)*i)4& ?& The (u%er@(u%er>s M!)d! e su$6i s ! Le er o" I) e) RWA +Re!d%/ Willi)4 !)d A$le,& .& The Seller !)d (u%er e5ch!)4e si4)ed !)d se!led co) r!c & 2& Seller e5 e)ds !) i)'i ! io) "or he (u%er o co) !c he (!)* or L(MA Appro'ed S or!4e F!cili % o !rr!)4e ! 6ee i)4 $e #ee) SellerAs !)d (u%erAs $ullio) o""icer& B& A" er co)"ir6! io) o" he e5is e)ce o" !) !ccou) C he (u%er i)i i! es he co) !c #i h he Seller>s $ullio) o""icer& D& Upo) receip o" he SWIFT proo" o" e5is e)ce o" he AU 6e !l !)d he cer i"ic! e o" !u hori % o sell/ he (u%er $ullio) o""icer o co)"ir6 he !'!il!$ili % o" "u)ds o $e used !s p!%6e) #he) he 4old is r!)s"erred& 91& The (u%er !)d he Seller !4ree o) ! #i)do# i6e "or e5ch!)4e& The p!%6e) o he Seller #ill $e dis$ursed #i hi) 0= hours !4!i)s he r!)s"er o" o#)ership o" he 6e !l& Co66issio)s #ill $e p!id i66edi! el% !)d #i hou del!% o e!ch !ppoi) ed p!%6!s er& P!%6!s ers 6us pro'ide (UEER #i h heir #ri e) procedures !)d rele!se o" li!$ili %& 99& A Sep!r! e M!s er Fee Pro ec io) A4ree6e) +MFPA, 6us $e !cco6plished $e #ee) e!ch P!%6!s er 4roups !)d e!ch i) er6edi!r% 4roup& All r!)s"er !)d o her rel! ed "ees #ill $e deduc ed "ro6 e!ch P!%6!s er 4roup& 90& The p!%6!s er #ill li*e#ise p!% o he i) er6edi!ries heir e!r)ed co66issio) i66edi! el% upo) receip o" "u)ds& GOLD@AU TRANSACTION +SINCE 9&B&011., U)der he )e# 4uideli)es rece) l% se "or h $% he Feder!l Reser'e "or Gold AU 6e !l i is re3uired $% he $!)* o""icers o do s !)d!rd FED co6pli!)ce o) he 6e !l !)d he seller@$e)e"ici!l o#)ers o" he 6e !l o) ! $!)* o $!)* $!sis $e"ore !)% co) r!c s c!) $e si4)ed& A)% hi)4 ou side o" ! s ric S#iss procedure o" POP #i h Sellers clie) i)"o shee !)d p!sspor is )o# ille4!l o e'e) ! e6p o r!)s!c & The seller/ i" he% !re le4i i6! e/ 6us $e re!d%/ #illi)4 !)d !$le o su$6i his i)"or6! io) direc l% $% SWIFT o he (u%er>s (!)* O""icer "or s !)d!rd $!)*i)4 co6pli!)ce u)der he )e# re4ul! io)s& Upo) co6ple io) o" his co6pli!)ce he $u%er>s $!)* o""icer #ill he) respo)d #i h POF i)cludi)4 he (u%er>s clie) i)"o shee !)d p!sspor i)"or6! io) "or he seller>s $!)* o""icer o do heir co6pli!)ce !s #ell& I" he seller is )o #illi)4 o co6pl% #i h he )e# 4uideli)es/ #e !re sure here is )o r!)s!c io) #or h

4oi)4 o ;!il o'er& These 4uideli)es !re o $e used o pro'ide securi % !)d procedur!l 4uid!)ce o sellers i) eres ed i) doi)4 $usi)ess #i h (UEER& This is $!sed o) he re3uire6e) s o" he FED !)d WGC& I) !ddi io) o his is !ddi io)!l securi % re3uire6e) s "ro6 (UEER o e)sure credi$ili % o" o""er su$6i ed o (UEER& A So" o""er su$6issio)s o (UEER 9& The so" o""er 6us cle!rl% ide) i"% he SellerAs M!)d! e o (UEER #i h "ull co) !c i)"or6! io) h! i)cludes ! cop% o" his or her P!sspor & No e5cep io)s #ill $e !ccep !$le& 0& The NCND Wor*i)4 A4ree6e) !)d l! er #ill $e re"erred o !s M!s er Fee P!%6e) A4ree6e) +MFPA, h! #ill $e issued $% (UEER+o)l% our "or6 #ill $e !ccep !$le,& A his poi) o)l% co) !c i)"or6! io) "or e!ch perso) lis ed o) he NCNDWA #ill $e re3uiredC i)cludi)4 ! pho o cop% "or heir P!sspor & <& The so" o""er 6us cle!rl% ide) i"% he source o" he 4old !)d he curre) ph%sic!l loc! io)& =& The so" o""er 6us !lso cle!rl% s ! e i" he 4old is i) ! L(MA cer i"ied $ullio) s or!4e "!cili %@(!)* or i) ! secure #!rehouse@No)7!ccredi ed $!)*& ?& (UEER #ill )o !ccep o""er i" he co66issio)s !re closed o) he sellerAs side #i h sel" !ppoi) ed i) er6edi!ries o he $u%ers side cl!i6i)4 speci"ic co66issio) perce) !4es& These perce) !4es c!) o)l% $e de er6i)ed $% he (u%er !" er he MFPA docu6e) is co6ple ed& The Sellers M!)d! e #ill h!'e o co)sul he (u%er M!)d! e !$ou he )u6$er o" i) er6edi!ries !)d o) #hich side o" he co66issio) s ruc ure he% #ill $e !ppe!ri)4 !)d i) #h! P!%6!s er 4roup he% #ill $e !ssi4)ed& .& The o""er price i) Gross !)d Ne o $u%er 6us $e cle!rl% s ! ed& The co66issio) spli 6us !lso $e cle!rl% s ! ed& 2& O)ce he so" o""er is !ccep ed $% (UEER/ !) LOI #ill $e se) o he Seller or Sellers 6!)d! e !)d u)der )o circu6s !)ce #ill i $e issued o !)% i) er6edi!r%& B& O)ce his h!s $ee) recei'ed $% he SellerC he) he Seller !)d i s M!)d! e 6us co6ple e (UEERS NCNDWA +Appe)di5 A, !lo)4 #i h Appe)di5 ( o $e ! !ched o he docu6e) & This sh!ll co) !i) !ll he )!6es !)d i)"or6! io) o) Sellers M!)d! e !)d !)% i) er6edi!ries i)'ol'ed i) he r!)s!c io)& The "i)!l perce) !4es p!%!$le o he lis o" i) er6edi!ries #ill $e co)"ir6ed !" er )e4o i! io)s !re co)cluded $e #ee) he SellerAs M!)d! e !)d he (u%er& This #ill !lso lis !ll ou side P!%6!s ers/ !lo)4 #i h !) u)ders !)di)4 h! he P!%6!s ers 6us pro'ide (UEER #i h heir #ri e) procedures !)d rele!se o" li!$ili %& D& U)der )o circu6s !)ce #ill !)% (u%ers (!)*i)4 i)"or6! io) #ill $e 4i'e) o !)% P!%6!s er/ M!)d! e or I) er6edi!r%& 91& A "ull se o" P!sspor copies 6us $e supplied o he $u%erAs 6!)d! e h! correspo)d o he )!6es o) he MFPA docu6e) & This c!) $e supplied direc l% $% e!ch i)di'idu!l o (UEER "or securi % re!so)s& A)% perso) )o prese) i)4 his p!sspor cop% #ill )o $e i)cluded i) he "i)!l MFPA docu6e) !)d he% #ill hus $e e5cluded "ro6 !)% p!%6e) s& 99& The )e5 s ep is P!r!4r!ph ( o" his docu6e) #i h i)"or6! io) o) he FCO re3uire6e) s& Full Corpor! e O""er +FCO, 9& Seller prese) s ! Full Corpor! e O""er +FCO, o (u%erAs 6!)d! e& S!id Full Corpor! e O""er #ill 4i'e he "ollo#i)4 i)"or6! io)8 Qu!) i % o" Gold "or s!le For6 o" he Gold 9 or 90&? Filo4r!6 (!rs +Au 6e !l, Fi)e)ess8 DDD&?G or $e er H!ll6!r*s8 E5!c N!6e -oh)so) M! he% or o her L(MA !ccredi ed h!ll6!r*s +u)der ? %e!rs o" !4e, Loc! io)8 Curre) Loc! io) !)d ori4i)!l ori4i) o" Gold Discou) 8 Gross !)d Ne Co66issio) spli 8 Ne4o i! ed direc l% $e #ee) Seller !)d@or i s M!)d! e !)d (u%er !)d@or i s M!)d! e

The !'!il!$ili % o" he "ollo#i)4 docu6e) s #ill !lso $e lis ed i) he FCO +Where !pplic!$le,8 !, $, c, d, e, ", S!"e Feepi)4 Receip Ori4i)!l Cer i"ic! e o" Deposi Cer i"ic! e o" Ori4i) Cer i"ic! e o" Le4!l O#)ership SellerAs Cer i"ic! e s ! i)4 h! he Gold +AU, is "ree !)d cle!r o" !ll lie)s !)d e)cu6$r!)ces !)d "reel% r!d!$le !)d e5por !$le !)d o" )o)7cri6i)!l ori4i)& Cer i"ied Wei4h Lis !)d Ass!% descri$i)4 e!ch (!r !s "ollo#s8 H Seri!l Nu6$er !s s !6ped o) e!ch (!r H R!# #ei4h !s s !6ped o) e!ch (!r H To !l #ei4h !s s !6ped o) e!ch (!r H Receip o" p!id cus o6 du ies !)d !5es H E5por Per6i +s, I" )eeded Cer i"ic! e o" Ne# O#)ership

4,

0& The FCO 6us co) !i) he "ull co) !c i)"o o" he seller& This 6us $e !cco6p!)ied $% ! cop% o" he sellerAs p!sspor docu6e) #hich #ill $e used o 'eri"% he Sellers ide) i %& I) re ur) he $u%er !)d (u%erAs 6!)d! e #ill !lso $e prep!red o suppl% ! cop% o" heir p!sspor docu6e) s o he seller "or !u he) ic! io) 'i! he US e6$!ss% !)d Sellers e6$!ss%& <& (u%er !)s#ers FCO #i h Full Corpor! e Posi i'e A)s#er +RWA,&

=& I" he 4old is i) !) L(MA cer i"ied deposi or% or $!)* he Seller #ill h!'e o se)d ! cop% o $u%er !)d 6!)d! e o" he S!"e Feepi)4 Receip or Cus odi!l Receip !)d ! Le er o his $!)*er/ $ullio) o""icer or #!rehouse 6!)!4er 4i'i)4 hi6 i)s ruc io)s o !llo# $u%er o 'eri"% he e5is e)ce o" he 4old !)d he per i)e) i)"or6! io) o) s!id 4old& The re!so) $ehi)d his re3ues is h! $u%er 6us ph%sic!ll% co)"ir6 he e5is e)ce !)d 'eri"% he docu6e) ! io) i $e"ore suppl%i)4 !)% "i)!)ci!l i)s ru6e) s #hich c!) $e used o p!% "or he Au 6e !l& H!'i)4 'eri"ied !)d !udi ed he e5is e)ce o" he 4old/ he $u%er #ill h!)d o he seller ! (!)* o (!)* Proo" o" Fu)ds& This s ep is )o)7)e4o i!$le "or he $u%er !s his 6us $e co)"ir6ed $e"ore !)% "i)!)ci!l i)"or6! io) #ill $e 6!de !'!il!$le o !)% Seller or Sellers M!)d! e& This i)spec io) #ill $e do)e ! he e5pe)se o" he (u%erC he Seller #ill o)l% h!'e o pro'ide his per6issio)@i)s ruc io) le er !)d co) !c i)"or6! io) "or he respo)si$le $!)* o""icer& I" his s ep is )o "e!si$le "ro6 he suppl% perspec i'e #i h he 4old )o i) !) L(MA $ullio) "!cili % ple!se re"er o P!r!4r!ph C o" his docu6e) & ?& Seller co6ple es !)d si4)s co) r!c !)d re ur)s i o (u%er direc l% or hrou4h our M!)d! e&

.& (u%er si4)s co) r!c !)d re ur) i o SellerC !ll !$o'e do)e elec ro)ic!ll% o) he s!6e d!%/ i" per6i ed $% i6e :o)es& 2& (u%er i)s ruc s his (ullio) O""icer o de!l #i h SellerAs (ullio) O""icer !)d se up ! 6ee i)4 i) perso) or $% secure $!)* co66u)ic! io)& Duri)4 his 6ee i)4 he r!)s"er o" o#)ership !)d he r!)s"er o" "u)ds #ill h!ppe) elec ro)ic!ll% !)d or ph%sic!ll%& B& The 4old 6us $e i) GLD s%s e6 !)d he docu6e) ! io) 6us co)"or6 o L(MA s !)d!rds& Ti6i)4 "or he o !l r!)s!c io) "ro6 s !r o "i)ish should $e =B o 20 hours& No) GLD $ullio)C (ullio) older h!) ? %e!rsC Dore (!rsC Gold Nu44e s !)d Dus I" he 4old (ullio) #!s )o held i) !) L(MA Cer i"ied (ullio) (!)*/ or i" he $ullio) is )o i) he S !)d!rd #el'e !)d ! h!l" +90&?, *ilo4r!6 GLD "or6! / or he h!ll6!r* is older h!) "i'e +?, %e!rs/ he o)l% #!% o pro'e he ph%sic!l e5is e)ce o" he AU 6e !l #ould $e $% co6ple i)4 o)e o" he "ollo#i)4 0 procedures #hich #ould he) le!d i) o ! r!)s!c io) h! c!) $e do)e 'i! $!)* o $!)* p!%6e) s #i h he L(MA

re"i)er% !c i)4 !s !4e) !)d re"eree o" he ph%sic!l e5is e)ce o" he produc o) $eh!l" o" he seller& 9& The I< s ep ProcedureJ8 I) order o es !$lish rus !)d i)sure reli!$ili % o" deli'er% !)d p!%6e) he ISellerJ !4rees o 6!*e hree +<, i)i i!l ship6e) s co)sis i)4 o" ! 6i)i6u6 o" o)e +9, #el'e !)d ! h!l" +90&?, *ilo4r!6 4old $!r + or he e3ui'!le) i) !)% "or6 i&e& Dus / Nu44e s or i) Dore "or6, o) hree +<, sep!r! e d!%s o ! !4reed o) L(MA cer i"ied Re"i)er%/ co)'e)ie) o %our deposi or% !)d 6!*e his AU 6e !l !'!il!$le o (UEER "or purch!se 'i! %our !ccou) ! he Re"i)er%& Or he closes e3ui'!le) #ei4h o) 6ore o his/ $u )o less h!) 90*4 per deli'er%& The re"i)er% #ill he) h!'e he o !l co6$i)ed #ei4h o" he < sep!r! e deli'eries o" AU 6e !l "or s!le o (UEER 'i! he sellers !ccou) ! he speci"ic Re"i)er%& The 4old #ill he) $e represe) ed $% !) !ccep !$le L(MA !ss!% cer i"ic! e& (UEER #ill he) purch!se his AU 6e !l i66edi! el% "ro6 he seller/ 'i! he L(MA re"i)er%/ ! he !4reed co) r!c price "or c!sh& O)l% !" er his procedure h!s $ee) "ull% !)d u)co)di io)!ll% $ee) co)cluded #ill (UEER pro'ide "ull Proo" o" Fu)ds (!)* o (!)*/ issue ! (!)* le er o" Credi o)l% i" )eeded& 0& The IO)e K Do)eJ Procedure8 This is #here he seller does )o h!'e su""icie) "u)ds o deli'er co6ple e "irs r!)che o" AU 6e !l o ! sui !$le L(MA re"i)er%& This procedure c!) $e descri$ed !s ! c!sh purch!se procedure& The ISellerJ !4rees o 6!*e o)e ship6e) o" !)% !6ou) o" Gold o $e re"i)ed i) !)% "or6 +i&e& 4old Dore $!rs/ 4old dus or 4old $ullio), o !) L(MA !ppro'ed re"i)er% ! he Sellers o#) cos !)d he) h!'e he 4old s6el ed !)d represe) ed $% !) !ccep !$le L(MA !ss!% cer i"ic! e& (UEER #ill he) purch!se his AU 6e !l i66edi! el% "ro6 he seller/ 'i! he L(MA re"i)er%/ ! he !4reed co) r!c price "or ! c!sh p!%6e) & This #ill he) pro'ide he seller #i h "u)ds o ship he co6ple e "irs r!)che o" AU 6e !l o he re"i)er% "or s6el i)4 !)d h!ll6!r*i)4/ #here !" er he 4old #ill $e purch!sed i66edi! el% #i h "ull p!%6e) 6!de i) c!sh "or e!ch re)chC ho#e'er )o Proo" o" Fu)ds or Le er o" Credi #ill $e issued o ISellerJ& T!$le T!l*s 9& Re3ues ed $% Seller8 All T!$le T!l*s re3ues ed $% Seller !)d or i s M!)d! e #ill $e held i) he Corpor! e O""ices o" (UEER i) Los A)4eles/ C!li"or)i! USA& A)% T!$le T!l*s re3ues ed ou side o" Los A)4eles/ CA 6us $e pre7p!id $% SellerC o i)clude (usi)ess Cl!ss Air"!re/ Tr!)spor ! io) o !)d "ro6 Airpor !)d #o Ni4h s lod4i)4 "or he (u%er !)d his M!)d! e& This 6us $e 'eri"ied $% Tr!'el A4e) co)"ir6! io)& All 'is!s i" )eededC 6us $e !rr!)4ed $% Seller !)d 'eri"i!$le hrou4h he USA e6$!ss%& 0& Re3ues ed $% (u%er8 All T!$le T!l* 6ee i)4s re3ues ed $% (UEER& #ill $e co)duc ed ! 8 !& The Corpor! e O""ices o" (UEER !re i) Los A)4eles/ C!li"or)i! USAC $& The (!)* or L(MA (ou)ded W!rehouse #here he Gold is $ei)4 housedC c& The Re"i)er% #here he Gold is $ei)4 processed&

<& T!$le T!l*8 O)l% pri)ciples "ro6 e!ch side o $e prese) !)d 6!% i)clude M!)d! es !)d (!)*i)4 O""icers& A )o i6e #ill !)% I) er6edi!r% $e prese) &