SCO AU Banks Oficial

Date: 29th Jun 2023
SOFT CORPORATE OFFER (“SCO”)

To:
MR. NAGANO
We “DFH3‟‟ hereby confirm with full corporate responsibility under the penalty
of perjury, that we, as End Seller, are ready, willing and able to sell the offered
“AU” Bullion Bars Commodity, as a private transaction, according to the terms
and conditions stated below:
Commodity: International Precious Metal HS71081200 in Bar Importable and Exportable

Worldwide Original GLD registered AU Bars in 1 Kg and 12.5 Kg weight (GLD
expired). Customs tariff numbers/ Harmonized System
Codes: 7108, 71081200, 71081300
Shape / Size: 12.5 Kg Bars of AU Metal (1 Kg = 32.1507425 Fine Troy Ounces)
Fineness/Purity: 999.95% or 999.99% (24 CARATS, Minimum, Plus)
Quantity: 12 metric tons (12,000 kg) per year with Roll & Extension
First Tranche: 500 kilograms minimum purchase
Other tranches: To be agreed by both parties
Country of Origin/Brand: As Per list that will mention on SPA (End Sellers option)
City/Country of Export: Thailand / Canada / Switzerland / USA / Australia / Hong Kong / Singapore /
United Kingdom (End Seller‟s option)
Delivery/Lifts: DDP or CIF ASWP Airport or End Buyer's gold refinery (INCOTERMS 2010 or
latest) (In terms of exporting, we will use third party logistics such as Brinks
or Malca-Amit to handle shipping and customs clearance).
Purchase Price: The Discount is GROSS, LBMA -10% / NET -7% to End Buyer DDP or CIF
Gold Refinery, [Country - Optional] per Kilogram based on Second Price Fixing
at the LBMA on the prior day of execution for Good Delivery Bars with a
minimum grade of 99.95% AU. In the event LBMA is not operating on that
scheduled day, the price calculation shall be used based on the 2nd LBMA
fixing of the Market opening day. Inclusive of Malca-Amit or Brink’s Security
Insurance.
Discount Rate: Gross: Ten Percent (-10%) Net: Seven Percent (7%), LBMA London Price,
Commission: One-point five percent (1.5%) for End Seller's representatives / one-point five
percent (1.5%) for End Buyer's representatives, the End Seller is the
commission payer.
PACKING: Export Packing/Pallet by Metal Strapping/ Bubble Wrap & Insurance
Payment Guarantee: Irrevocable, Confirmed, Revolving, Non-Transferable Letter of Credit (LC)
100% at Sight OR Irrevocable, Confirmed, Non-transferable and Non-
assignable Blocked Funds via SWIFT MT799, OR Irrevocable, Confirmed, Non-
transferable and Non-assignable Standby Letter of Credit (SBLC) via MT760.
Maturity: Gold expire / recyclable (1999-2015)
Inspection: SGS or equivalente
Procedure:
(End Buyer should strictly adhere to local imposed customs, export, civil and trade laws and INCOTERMS
2010 or latest)
1) The End Seller issues an SCO to the End Buyer for review.
2) The End Buyer submits a Letter of Intent (LOI).
3) After mutual agreement at TTM (Due to the Covid-19 pandemic, electronics signature is acceptable),
The End Buyer and the End Seller will sign and seal Sales and Purchase Agreement (SPA) with their full banking
coordinates also sign separate NCNDA/IMFPA.
4) Both parties shall then each lodge one original copy of Sales and Purchase Agreement (SPA) with their
respective banks.
5) Within three (3) banking days after submitted this Sales and Purchase Agreement (SPA) on both banks, the
End Buyer’s bank issues a SWIFT MT199 RWA and advise readiness to issue Irrevocable, Confirmed,
Revolving, Non-Transferable Letter of Credit 100% at Sight via MT700 OR Irrevocable, Confirmed, Non-
transferable and Non-assignable Blocked Funds via SWIFT MT799, OR Irrevocable, Confirmed, Non-
transferable and Non-assignable Standby Letter of Credit (SBLC) via MT760.
6) Within two (2) banking days of receipt of SWIFT MT199 RWA after validation and authentication by the
End Seller's bank, the End Seller's bank issues an irrevocable and confirmed performance bond guarantee
(PBG) equal to two percent ( 2%) of the total amount of each tranche and remits it to the End Buyer's bank
via SWIFT MT760 against the End Buyer's LC / block fund / SBLC become operational, and confirms and
undertakes that if after the issuance of LC / block funds / SBLC from the End Buyer, the End Seller does not
deliver the goods according to the terms of the agreement, then the End Seller's bank is committed to pay
the amount of this PBG to the End Buyer at penalty title. If applicable, LC / Block Funds / SBLC will be
terminated.
As soon as the End Buyer's payment guarantee becomes active and operational, the End Seller's bank
also provides proof of product (POP) via SWIFT MT600 (and a hard copy by secure mail from bank to bank)
to the End Buyer's bank as follows:
 Safe Keeping Receipt (SKR)

 Certificate of Origin
 Certificate of Legal Ownership
 End Seller's Certificate stating that the GLD are free and clear of all liens and
 encumbrances and freely tradable and exportable and of non-criminal origin
 Certified Weight List and Assay describing each Bar as follows:
 Serial Number as stamped on each Bar
 Raw Weight as stamped on each Bar
 Total weight as stamped on each Bar
 Internationally Accepted Assay Certificate and Hallmark certificate
 Receipt of paid custom duties and taxes
 Export Permit(s)
 Insurance Certificate
 Commercial Invoice
 Packing List
 Airway Bill
7) Within Five (5) banking days upon receiving, validation and authentication PBG MT760 and POP MT600 by
the Buyer’s bank, this bank issues:
7-1) an Irrevocable, Confirmed, Revolving, Non-Transferable Letter of Credit 100% at Sight and
deliver it to End Seller’s designated bank coordinates via SWIFT MT700.
OR
7-2) Irrevocable, Confirmed, Non-transferable and Non-assignable Block Funds and deliver it to End
Seller’s designated bank coordinates via SWIFT MT799.
OR
7-3) Irrevocable, Confirmed, Non-transferable and Non-assignable Standby Letter of Credit (SBLC)
and deliver it to End Seller’s designated bank coordinates via SWIFT MT760.
8) The Buyer along with an assayer of his/her choice will then be invited to the End Seller’s security
warehouse for a physical viewing/inspection of the amount of Precious Metal for the first tranche within
three (3) banking days.
9) Within Three (3) banking days of the physical inspection, the End Seller will transport the mutually agreed
quantity to the refinery designated by the End Buyer at the End Seller’s expense (DDP or CIF Gold Refinery,
XXX) and the precious metal refining in the refinery of the End Buyer will be at the End Buyer’s expense. After
refinement and the Refinery Final Assay Report issued by the End Buyer’s refinery, the End Buyer will settle
payment in full for an equal amount of precious metals within Five (5) banking days to the End Seller. The
transfer of the Precious Metal Holder is made against final payment.
Then the title deed of equal amount will be transferred to the End Buyer. Payment will be made by MT103
Cash Transfer without any delay within Five (5) banking days after the issuance of the assay report by the
XXX accredited refinery).
10) If the End Buyer does not wish to carry out a physical check in the End Seller's security warehouse, the
End Seller must ship the product within five (5) banking days of the bank confirmation of the payment
guarantee via a bank-to-bank SWIFT.
11) Simultaneously with the payment to the End Seller's account, the End Seller is obligated to pay the
commission of the intermediaries of both parties in accordance with the IMFPA which is incorporated as an
important part of the agreement.
Important Notes:
A- Physical inspection - Our private company's world-class vaults located in tax-free zones and/or
bonded warehouses around the Bangkok region enable End Buyers to view, inspect and show high-
value assets (gold bars) in secure, discreet, neutral and comfortable location.
B- Bangkok Bank is NOT a bullion bank. They will not supply the MT600. We will use a third-party
bank outside of Thailand. The banks that supply the MT600 are global banks that engage in bullion
banking, including JP Morgan Chase & Co. and HSBC Holdings PLC, most of which are members of the
London Bullion Market Association. We will use these banks as a third-party correspondent bank, as
Thailand is NOT a "Bullion" country.
C- The recyclable gold stored in Thailand are foreign owners of 4 origins (no Thai because Thai gold
has only 96.5% purity):
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Validity: this SCO is valid for 10 banking days from the date of issue but can be modified without notice.
We would appreciate receiving your response as soon as possible; your kind attention is really precious to us
and looking forward to a successful business relationship.
Yours sincerely,
For and on behalf of: DFH3.

SCO AU Banks Oficial

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Date: 29th Jun 2023

SOFT CORPORATE OFFER (“SCO”)

Commodity: International Precious Metal HS71081200 in Bar Importable and Exportable

 Safe Keeping Receipt (SKR)

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