FULL CORPORATE OFFER

Date:14th November, 2024

FCO Ref: #SC-1000AU-0903

Attention: END BUYER,

RE: FULL CORPORATE OFFER FOR 1000KG OF SEMI-REFINED

BARS/NUGGETS

This FCO is issued under full corporate responsibility on behalf of our supplier

Commodities

Mr. KENNEDY ABOT (SELLER )

FINENESS: 23+ Carats

ORIGINS: East Africa Community

PACKING: Export Metal Package Boxes or any other suitable packaging commonly used
in the trade for shipment of Gold.

DESTINATION: Buyer Destination

QUANTITY: 5000Kg

PRICE: $53,000.00 per kg

Commission.............$3000 per kg

Sacks Cargo Limited Ridgeways, Kiambu Rd- Nairobi, Kenya

www.sackscargolimited.co.ke
SHIPMENT FROM: Jomo Kenyatta International Airport, Nairobi. Kenya

SHIPPING TERMS: Assisted CIF INCOTERMS 2010 Buyer’s

REFINERY:

ASSAY: Final assay to be made at the Buyer’s nominated refinery, and the result of value will be
accepted by both the Buyer and Seller.

QUANTITY:

1. The contractual quantity for sale to the Buyer under the terms of this FCO shall

be 5000kg of semi-refined gold nuggets and a trial shipment of 500Kgs will be

done to build trust between the buyer and the seller.

2. However, weekly and monthly rollovers will be done according to the buyer's

specifications and agreement with the seller of which the seller has the

capability to supply 1000kg weekly and 5000 kg monthly respectively.

PRICE AND PAYMENT TERMS:

1. The Price payable by the Buyer is USD$53,000.00 per kg with a minimum gold

content of 97%. The Price is inclusive of Commission of $3000 per kg.

2. The buyer and the seller shall agree on the modalities of payment.

3. Payment will be made within Seventy-Two (72) hours of the refinery providing
the buyer with complete and final documentation of assay including quantity
(before and after melt weight) and quality (purity + fineness) of the refined gold
Dory (but for every intervening Sunday and/or banking holiday, an additional
twenty-four (24) hours will be added to the deadline)

Sacks Cargo Limited Ridgeways, Kiambu Rd- Nairobi, Kenya

www.sackscargolimited.co.ke
SHIPPING COSTS:

1. The Buyer shall pay the Insurance cost Only.

2. Seller Through the shipping agent’s company bond shall pay for government taxes,
arranges the exportation documents within 3 working days.

EXPORT DOCUMENTS:
The Seller will provide the following documents to the Buyer:

A. Two originals of Commercial Invoices in favour of the Buyer.

B. Certificate of Origin and Ownership

C. Airway Bill

D. Initial Assay Report E. All necessary documents for the export of gold.

COMMISSIONS
1. Both Buyer and Seller acknowledge and accept that commissions are payable to
certain agents, facilitators, and participants. Seller shall ensure that such
commissions are fully documented in the form of commission contracts and
shall inform Buyer of these amounts. In the event that Buyer elects to send or
deliver a commission to the Seller for payment, Buyer shall notify Seller in
writing and Seller shall arrange to make such commission payment(s) as may be
required. The cost of any transfer is for the Agent/ facilitator/ participant
account (Seller is not required to pay such transfer cost).

2. The Commissions will be paid to the Commission Paymaster at the same time

Sacks Cargo Limited Ridgeways, Kiambu Rd- Nairobi, Kenya

www.sackscargolimited.co.ke
 as payment is made to the Seller.

CIF PROCEDURES FOR GOLD (In time sequence)

1. Seller Sends FCO to the Buyer.

2. Seller and Buyer sign Sales and Purchase Agreement SPA.

3. Upon satisfaction, the Buyer shall pay the Insurance cost. while the Seller pays
for the government taxes and exportation documents through the shipping
agent's company bond;The collateral shall be kept at reputable government
vault (mysafe)on joint custody between the buyer and the seller.
4. Once Export Documents are ready, which normally takes three [3] days, Seller
shall arrange the shipment to Buyer’s destination.
5. Gold is smelted and fully assayed at Buyer Refinery

6. Buyer refinery issues assay report for acceptance of Buyer and Seller.

7. Once the Assay report is accepted the full value is transferred to the Seller’s
nominated bank account. The commission is paid at the same time to Brokers
8. Seller transfers full ownership to Buyer

For and Behalf of the Seller: Buyer

Signature: …………………
Buyer: Signature………………….
-END OF FULL CORPORATE OFFER-

Sacks Cargo Limited Ridgeways, Kiambu Rd- Nairobi, Kenya

www.sackscargolimited.co.ke