COPPER

CATHODES

S C O ( CATHODES COPPER 99,97% -99,99% )

DATE: APRIL-MAY 2023

We, VAN & ASOCIATES, represented by Vicente Aguado, in my
capacity as direct sales agent of the GHANA mining company and seller
attached to the seller mandey of.., (THE GHANA CORPORATION),
hereby present our complete corporate offer and I am ready, willing and
able to supply you with the product described in this SCO. TO THE END
BUYER:

SPECIAL OFFER

1. PRODUCT:

Electrolytic Copper Cathodes, purity minimum 99.99%, LME Standards, Grade

“A”, Non-LME registered,

(Rejection if purity less than 99.97%)

Size: 914mm X 914mm X 12mm (36” X 36” X 0.5”) approx. Weight of each sheet:
125kgs +/- 1%

2. PRODUCT ORIGIN : GHANA

3. LOADING PORT : TELMA-GHANA

4. PORT OF UNLOADING : XXXXX port, & Country.

5. PRICE: PRICE 5.500 $ NET

All costs till the cargo leaves the loading port with ocean freight pre-paid will
be borne by the Seller. All costs arising at the port of discharge are on the
account of Buyer included the inspection charges.

B) COMMISSIONS: The Buyer part has a minimum of 1.5%

commission

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6. MINIMUM AMOUNT

--30,000 MT X 12 PER MONTH CIF UP TO 60,000 MT

MAXIMUM
7. THE CHEMICAL COMPOSITION OF COPPER CATHODES

Element Symbol Max

Copper Cu
99.99%
Silicon Si
0.3ppm
Cobalt Co 0.5ppm
Lead Pb 0.5ppm
Iron Fe 2.0ppm
Aluminium Al 0.5ppm
Manganese Mn 0.5ppm
Nickel Ni 0.5ppm
Antimony Sb 0.5ppm
Arsenic AS 0.1ppm
Bismuth Bi 0.5ppm
Tellurium Te 0.5ppm
Silver Ag 10ppm
Selenium Se 0.5ppm
Sulphur S 4ppm
Magnesium Mg 0.5ppm
Oxygen O2 0.00ppm

8. PAYMENT METHODS

A) Blocking funds in the buyer's account and issues a MT

799 to the seller's bank from a TOP 25 bank
B) SBLC transferable and divisible

NOTE: To begin with, you must send an LOI (duly completed with
all the buyer's information + CEO passport + CIS/KYC)

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Seller : The Ghana Corporation

Seller Mandey : Rafael and selling agent Vicente
Via: ………………….
PROCEDURES

MT799 BLOCKED FUNDS” PROCEDURE:

(1) Buyer and Seller enter this contract and signed by both the Seller and the Buyer.

(2) Both parties lodge the mutually completed and signed contract into their banks.

(3) The buyer makes the block in his own account and bank, and orders, to send a
SWIFT 199 (POF) as Proof of said Funds after the seller's financial bank confirms
that the POF is correct, the seller's mandate will send the buyer the PPOP (cáthodes).
Next, the Buyer Blocks the funds corresponding to the value of a delivery of 30,000
MT/month, and a term of 366 days and confirms them to the seller's financier's bank
via Siwft MT799.

(4) Issuance period: The Buyer will request from his Bank the BLOCKING of FUNDS
in his account and bank and will issue a SWIFT MT799 confirmation within 3 (three)
to 7 (seven) days to the Seller's Financial Bank for a period of one year and one day
(366), this confirmation will be made Bank to Bank in favor of the Seller
(G……………………….) in reference to Contract number
G…………./YD……./CP/01/03/2023.

EXPLANATORY NOTE: The Blocking of Funds for the trial (7,000 MT) will be
38.500.000 USD // And the blocking of funds for deliveries of 30,000 MT will be
165.000.000 USD.

(5) The Seller's Financing Bank informs the Seller about the MT799 BLOCKED
FUNDS received and its conditions to pay for the Copper Cathodes that will be sent
CIF.

(6) Likewise, the seller will issue the buyer a Commercial Invoice (CI) for the amount
to be transferred at the time of payment. Then the export process will start.

(7) DOCUMENTATION PRESENTED AFTER SHIPMENT: (3 original sets of each

document)
A. Commercial Invoice
B. Bill of Lading.
C. Packing List
D. Pre-Shipment Inspection Certificate.
E. Certificate of Origin.
F. Weight Slip.

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G. SGS/Alex Stewart-Quality & Quantity Report

H. 110% Insurance Certificate
I. Ownership certificate and export authorization.

(8) Buyer will pay the amount of the Commercial Invoice when the containers with the
copper cathodes have arrived at their CIF destination and have been positively
inspected by SGS or similar. Payment will be made no later than 48 hours after
inspection by SGS or similar.

(9) Once the payment of the merchandise has been made by the Buyer, and the transfer
confirmed by the Seller's bank, the merchandise becomes the definitive property of the
Buyer.

MT760 SBLC PROCEDURE:

1. Buyer and seller enter into contract and signed by both the seller and the buyer.

2. Buyer’s bank sends or Swifts the 799 Pre Advice or RWA letter (1Year and 1Day) to
the Seller financier bank to confirm the MT760 SBLC is ready to be released.

3. Clarification on values and periods: For the 7,000 TM trial, the buyer will issue a
SBLC for the value of the 7,000 TM and a period of 90 days. For the rest of the contract,
the buyer will issue a SBLC for the value of 30,000 TM and a period of 366 days.

A) First SBLC: 7,000 TM x 5.500 USD = 38.500.000´00 USD.

B) Second SBLC: 30,000 TM x 5.500 USD = 165.000.000´00 USD

4. After approval, buyer’s bank issues the MT760 SBLC to seller financier bank within
1(one) working day.

5. Seller financier bank verifies the MT760 SBLC for approval AND Seller shall need
10(ten) working days to commence shipment to buyer’s destination country.

6. The seller shipping company will export the first shipping of 7,000 TM of copper
cathodes, and subsequently, the following monthly delivery will be 30,000 TM of copper
cathodes during equal deliveries throughout the 12 -month contract. The shipments
will be made from the country of origin of the seller to the maritime port of destination
designated by the computers.

7. DOCUMENTATION PRESENTED AFTER SHIPMENT: (3 original sets of each

document)
A. Commercial Invoice
B. Bill of Lading.
C. Packing List
D. Pre-Shipment Inspection Certificate.
E. Certificate of Origin.

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F. Weight Slip.
G. SGS/Alex Stewart-Quality & Quantity Report
H. 110% Insurance Certificate
I. Ownership certificate and export authorization.

7. Buyer will pay the amount of the Commercial Invoice when the containers with the
copper cathodes have arrived at their CIF destination and have been positively
inspected by SGS or similar. Payment will be made no later than 48 hours after
inspection by SGS or similar.

8. Once the buyer has made the payment of the merchandise (EFT transfer, TT or
MT1013), and the transfer has cidoconfirmed by the seller's bank, the merchandise
becomes the definitive property of the buyer. Likewise, the seller has once received the
monthly payment of the merchandise sent, pays the comments corresponding to the
NCDA/IMFPA that appears in this contract, number: G…./Y…../CP/02/03/2023.

9. SELLER or BUYER will pay 5% of monthly contract sum as penalty fee IF either
party fails to complete the deal.

10. The duration for closing each monthly transaction should be between seven (7) to
ten (10) working days. Mobile

V.A.N & ASSOCIATES

VICENTE AGUADO
Commercial director
CITY: MURCIA
COUNTRY SPAIN

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