Procedure For FOB and CIF Transactions

1: PROCEDURE: The presence of the buyer shall be required in the seller’s facility in
Ghana for practical and physical assessment of the gold before proceeding to the refinery
for assay. Seller may be required to issue letter of invitation to the buyer for the purpose of
processing tourist visa to Ghana. Upon arrival, buyer will meet physically with the
management of the seller for a round table meeting. The meeting and practical assessment
of the gold bars will be held at seller’s facility. Thereafter, both parties shall sign the Sales
Purchase Agreement (SPA) that will guide the first delivery and subsequent monthly
delivery of 200kgs for a period of one to three years

2:PRICE: Our price at mining gate is Forty five Thousand United States Dollars ($45,
000.00): Purity: Ninety Five Percent (95% ): Carat Value: 22+

3: FOB Seller shall move between 5 Kilos to 10 Kilos to approved Refinery for primary
assay of the gold bars. In this procedure, buyer shall be required to come along with his or
her money in the refinery. This procedure is to fast track the payment as soon as the assay
is completed as seller does not accept payment outside the refinery.

4:PRE-FINANCE/CIF: Thereafter, both seller and buyer shall proceed to seller choice of
refinery with the agreed quantity for the primary assay of the gold bars. Thereafter, the
buyer or buyer’s representative shall be required to make advance payment of Six Percent
(6%) of the total cost of the merchandise to the seller. The 6% of the total value shall be
worked out on the current LME price. In that order, six Percent (6%) advance payment is to
cover the procurement of all government regulated export documents, premium insurance
and other related matters.

The seller shall be given a maximum period of 72 business hours which is three business
days to process the entire government regulated export documents and register the
consignment for export. The 72 hours start from the day seller received the advanced
payment of Six Percent (6%)

5:SHIPMENT FOR CIF: Both seller and buyer shall accompany the gold bars from Accra-
Ghana to buyer’s choice of destination. Upon arrival, seller and buyer shall go leg to leg to
the buyer’s choice refinery for the final assay of the gold bars. The final payment shall be in
accordance with the purity or percentage as shall determine by the buyer’s refinery final
assay report. In that order, all expenses incurred by the buyer on the course of transaction
shall be deducted before final reconciliation of account.
 INTERMEDIARY: Considering the pandemic challenges, the buyer is advised to contact for
a Logistics Company to coordinate the transaction on their behalf. In this order, any of the
registered Logistics and transport companies shall collect the gold from our mining facility
down to greater Accra region to where the primary assay shall be conducted. In the
process, the buyer shall be required to advance Six percent (6%) of the total value of the
gold to any of the logistics company for the procurement of government regulated export
documents.. The 6% advance payment including other expenses incurred by the buyer on
the course of transaction shall be deducted after final assay before final payment will be
made. Buyer shall pay seller through the Logistics Company or Adifat Refinery as the case
may be after final assay at buyer’s choice of refinery or destination.

6:COMMISSION: Brokers, agents or coordinators shall be entitled to a commission of one

thousand United States Dollars ($1000.00 in each kilo of gold bars sold through their
connection. The agreeable commission or entitlement as agreed between the seller and
the mandate/coordinator shall correspond with the services provided. Fantrebu Global
Trust Ltd in collaboration with AL & AL Mining Company Ltd shall comply with the terms
and conditions of the contract and ensure proper execution without prejudice

Every aspect of this operation shall be done transparently and in accordance with the
existing law as there no shortcuts in our modalities of operations.

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Mo h amed Sh er iff
Op er a t io n Man a ger

Tel: 00233561569452