PARK GENERAL LIMITED

20-21 JOCKEY'S FIELDS LONDON UNITED KINGDOM, WC1R 4BW

UK COMPANY REGISTRATION NO: 08886968
DATE:MAY 102014
SELLER CODE: PJGL/PGL/GBB/2014MD68106
BUYER CODE:
TO: END BUYER VIA MR, DANIEL CHO

FULL CORPORATE OFFER

WE, PARK GENERAL LIMITED REPRESENTED BY MR. PARK JUNG, HOLDING AUSTRALIAN PASSPORT N°
M9095860 WITH FULL CORPORATE AUTHORITY, HEREBY IRREVOCABLY, CONFIRM AND WARRANT WITH
FULL, LEGAL RESPONSIBILITY AND AUTHORITY; AND UNDER PENALTY OF PERJURY OR FRAUD THAT WE
ARE THE BONA FIDE, LEGAL SELLER OF THE OFFERED AU/BULLION, AND WE ARE READY, WILLING AND
ABLE TO SELL AND DELIVER THE GOLD BULLION TO BUYER UNDER THE FOLLOWING TERMS AND
CONDITIONS:

WE, AS THE SELLER, MAKE THIS OFFER WITH FULL CORPORATE AUTHORITY AND UNDER SOLE AND
TOTAL RESPONSIBILITY AS THE SELLER.

COMMODITY : GOLD BULLION BAR (AURUM UTALIUM)

FORM : 12.5-KILO BARS OF GLD STANDARD
FINENESS : 999.5% /1000 (MINIMUM)
HALLMARK : JOHNSONMATTHEY
ORIGIN : NORTH AMERICA /AUSTRALIA /GUINEA CONAKRY
DEPOSITORY : DEPOSITARY BANK LONDON/ CYPRUS/ SINGAPORE
DELIVERY : FOB /CIF BUYER’S DESIGNED PLACE
CURRENCY : EURO/USD
FIRST TRANCHE & TOTAL Q’TY : 2MT/WEEKLY FOR 6 MONTHS(24WEEKS).50MTS TOTALLY
WITH FULL BANK RESPONSIBILITY
SUBSEQUENT LIFTS : TO AGREE BY SELLER AND BUYER
CONTRACT TERM : MAXIMUM 6 MONTHS
GOLD BULLION AGE : 4 YEARS :
FCO VALIDITY : THIS FCO IS VALID FOR 5/FIVE BANKING WORKING DAYS.
PURCHASE PRICE : THE AGREED PRICE IS THE QUOTED IN USD OR EUR ON THE
DAY OF TRANSACTION SET BY 2ND FIXING LONDON BULLION METAL ASSOCIATION (LMBA.

IN THE EVENT THAT THE LBMA IS NOT OPERATING ON THAT SCHEDULED DAY, THE PRICE CALCULATION
USED SHALL BE BASED ON THE SECOND LMBA FIXING OF THE NEXT MARKET DAY.

DISCOUNT GROSS １２％ NET８％

COMMISSION：4％TOTAL COMMISSION。
1.5％SELLER'S MANDATE（CLOSED）。THIS IS DANIEL
1.0％（INTERMEDIARY CONSULTANT - BUYER SIDE）。
1.5％BUYER'S MANDATE AND HIS ALL INTERMEDIARIES
1. PAYMENT INSTRUCTIONS: ALL PAYMENTS BY CLEAR, CLEAN MONEY OF NON-CRIMINAL ORIGIN
AND BY SWIFT/WIRE TRANSFER WITHIN MAXIMUM THREE (3) BANKING DAYS OR LEDGER TO
LEDGER TRANSFER BASIS.
TRANSPORT DOCUMENTATION

EACH DELIVERY SHALL BE ACCOMPANIED BY A BILL OF LADING WITH ALL NECESSARY DOCUMENTATION IN
ACCORDANCE WITH INTERNATIONAL LAW, WHICH INCLUDES:

1. ORIGINAL CERTIFICATE OF DEPOSIT

2. FOUR (4) COPIES OF COMMERCIAL INVOICES IN FAVOR OF BUYER
3. CERTIFICATE OF ORIGIN
4. CERTIFICATE OF LEGAL OWNERSHIP
5. INTERNATIONALLY ACCEPTED ASSAY CERTIFICATE
6. CERTIFICATE OF INSURANCE
7. EXPORT PERMIT – EXPORT LICENSE
8. BANK WARRANTY OF DELIVERY
9. CUSTOM DUTY SELLER’S CERTIFICATE STATING THAT THE REFINED BULLIONS ARE FREE AND CLEAR OF ALL
LIENS AND ENCUMBRANCES AND FREELY TRADABLE AND EXPORTABLE EACH BAR AND IS OF NO
CRIMINAL ORIGIN
10. WAREHOUSE RECEIPTS
11. CERTIFICATE OF WEIGHT LIST DESCRIBING EACH BAR AS FOLLOWS:
 SERIAL NUMBER AS STAMPED ON EACH BAR
 FINENESS AS STAMPED ON EACH BAR
 RAW WEIGHT AS STAMPED ON EACH BAR
 TOTAL WEIGHT AS STAMPED ON EACH BAR
 RECEIPT OF CUSTOM DUTIES AND TAXES
12. PACKING LIST
13. INSURANCE POLICY/COVER NOTE FOR PERIOD OF WAREHOUSING AT THEESENT LOCATION (5)

14. STATEMENT BY OWNER/SELLER TO THE EFFECT THAT THE GOLD IS NOT THE OBJECT OF ANY
INTERNATIONAL SANCTIONS. (5)

PROCEDURES:
(A). SELLER ISSUE THIS FULL CORPORATE OFFER (FCO) WITH BANKING COORDINATES AND CONTRACT
NUMBER TO END BUYER, VALID FOR 5 DAYS.

(B). BUYER OR BUYER’S MANDATE AGREES TO ISSUE LOI AND RWA WITH FULL BANKING INFORMATION
RETURN SIGNED, SEALED FCO AS ACCEPTANCE OF TERMS AND CONDITIONS, SUBMIT DRAFT SALES AND
PURCHASE CONTRACT FOR SELLER’S APPROVAL OR AMENDMENTS IF ANY AND SUBMIT SIGNED AND
SEALED IMFPA FOR SELLER’S ACCEPTANCE.

(C). AFTER MUTUAL AGREEMENT, BUYER OR BUYER’S MANDATE AND SELLER OR SELLER’S MANDATE
SIGN AND SEAL THE HARD SALES AND PURCHASE CONTRACT WITH FULL BANKING COORDINATES.

NOTE: EDT OR FAX COPY IS LEGAL AND BINDING.

BUYER SHOULD CHOOSE 1 OPTION BELOW FROM OUR NON NEGOTIABLE SELLING OPTIONS:
OPTION N0.1:
DELIVERY SHIPPING COST PAYMENT:OUR GOLD BULLION DEPOSITORY BANK
(SELLER DEPOSITORY BANK LIKE STANDARD CHARTERED BANK ,BARCLAYS BANK,LLOYDS
BANK OR CYPRUS BANK ) WILL DELIVER THE GOLD BULLION THROUGH THE SELLER TESTED
AND RELIABLE APPOINTED SHIPPING COMPANY DIRECTLY TO BUYER'S DESTINATION ,BEFORE
THIS BUYER WILL BE REQUIRED TO DEPOSIT/PAY DIRECTLY 50% OF THE PART SHIPPING COST
STANDING AS THE REFUNDABLE SHIPMENT SECURITY GUARANTEE (RSSG) INTO A BANK
ACCOUNT BELONGING TO SELLER TESTED AND RELIABLE APPOINTED.ONCE WE THE SELLER
RECEIVE THE PAYMENT SLIP FOR THE 50% RSSG, THE POP /SKR /ALL THE PROCESS SHIPPING
DOCUMENTS IN THE NAME OF THE BUYER WILL BE GIVEN TO THE BUYERAND HIS BANK TO
VERIFY AND CONFIRM THE GOLD BULLION WITH THE SELLER DEPOSITORY BANK THROUGH
MT600 SWIFT FOR THE BUYER AND HIS BANK TO CONFIRM THE COMING SHIPMENT BEFORE
DELIVERY TO BUYER'S DESTINATION FOR PAYMENT TO US BY WIRE TRANSFER LESS THE 50%
PART SHIPPING COST. IN THE EVENT OF THE VERIFICATION AT OF GOLD NOT BEING
SATISFACTORY, THE RSSG CASH DEPOSIT MADE WITH THE SELLER TESTED AND RELIABLE
SHIPPING COMPANY WILL BE RETURNED TO THE BUYER UPON HIS FIRST AND SIMPLE DEMAND
WITHOUT ANY DELAYS OR DECUCTIONS.

OPTION N0.2:
TRANSFER/CHANGEOF OWNERSHIP: IN A SITUATION THE BUYER IS NOT
MOVING OR LIFTING THE GOLD BULLION FROM THE SELLER DEPOSITORY BANK,SELLER BANK
WILL ISSUE A FRESH TRANSFER OF OWNERSHIP OF THE GOLD BULLION LIKE POP/SKR/OTHER
GOLD BULLION RELATED DOCUMENTS FROMTHE SELLER NAME T0 THE BUYER’S NAME,BEFORE
THIS BUYER IS URGENTLY REQUIRED TO PAY/DEPOSIT DIRECT $500,000 .00 (FIVE
HUNDREDTHOUSANDUNITED STATE DOLLARS) INTO THE GOLD BULLION HOLDING BANK
TRUSTEE ATTORNEY ACCOUNT (HBTAA) DIRECTLY AND THE GOLD BULLION HOLDING Y BANK
WILL CONFIRM/TELEFAX NOTIFY THE RECEIPT OF THE BUYERS PAYMENT OF THE
REFUNDABLE DOCUMENTORY DEPOSIT (RDD) BY THEIR HBTAA INDICATING FULL SELLER
DEPOSITORY BANK RESPONSIBILITY FOR THE TRANSFER OF THE OWNERSHIP OF THE GOLD
BULLION TO THE BUYER’S NAME ,THE POP/SKR WILL BE CHANGE IN THE NAME OF THE BUYER
AND ACCORDING TO THE SELLER DEPOSITORY BANK POLICY THE PROCESSED
CHANGETRANSFER OF OWNERSHIP DOCUMENTS LIKE POP/SKR /TTM INSPECTION INVITATION
LETTER IN THE NAME OF THE BUYER WILL BE FIRST SEND TO BUYER VIA BANK TO BANK
SWIFT MT600 TO THE BUYERS BANK FOR THEIR VERIFICATION AND CONFIRMATION OF THE
POP/SKR IN THE NAME OF THE BUYER WITH THE SELLER DEPOSITORY BANK.
IMMEDIATELY THIS ABOVE IS DONE, THE GOLD BULLION HOLDING BANK WILL SET A TTM
APOINTMENT DAY WITH SELLER AND THE BUYER IN SELLER CUSTODIAN BANK, ON THE
APPOINTMENT TTM DAY SELLER AND BUYER WILL MEET FACE TO FACE AT TTM ANDGOLD
BULLION HOLDING BANK WILL OFFICIALLY HAND OVER THE ORIGINAL POP /SKR /OTHER GOLD
BULLION RELATED DOCUMENTS TO THE BUYER AND BUYER WILLPAY THE ACTUAL OF THE
GOLD BULLION TO THE SELLER SIMUITANEOUSLY BY WIRE TRANSFER LESS THEREFUNDABLE
DOCUMENTARY DEPOSIT (RDD).THE PAYMENT WILL BE MADE TO THE HOLDING BANK
TRUSTEE ATTORNEY ACCOUNT (HBTAA) WITH THE CONDITION THAT IT SHALL BE RETURNED
UPON FIRST AND SIMPLE DEMAND,WITHOUT DELAYS OR DEDUCTIONS, IN THE EVENT OF THE
POP/SKR IN HE NAME OF THE BUYER NOT BEING ISSUED, AS REQUESTED BY THE BUYER.
OPTION N0.3:
ISSUANCE OF POP/SKR IN ADVANCE: IF THE BUYER NEEDS TO HAVE THE POP/SKR FROM
SELLER TO VERIFY AND CONFIRM THE GOLD, BUYER WILL BE REQUIRED TO PAY AN INDEMNITY
REFUNDABLE DEPOSIT (IRD) OF US$400,000.00 AGAINST MISUSE OF POP/SKR TO THE GOLD
BULLION HOLDING BANKTRUSTEEE ATTTORNEY ACCOUNT(HBTAA) THAT HAS THE
HALLMARKED GOLD BULLION DOCUMENTS AND THE POP/SKR. THE IRD DEPOSIT SUM OF
US$400,000.00 WILL BE REFUNDED TO THE BUYER WITHIN 24 HOURS, WHEN TTM IS
COMPLETED IN THE HOLDING OF THE GOLD BULLION . YOU KNOW THAT MOST BUYERS ONCE
GIVEN THE POP/SKR WILL USE THE POP/SKR TO SHOP AROUND, DO PRIVATE PLACEMENT
PROGRAMS (PPP) AND THEREBY MISUSING THE POP/SKR. IF THIS HAPPENS THE BUYER LOOSES
THE USD400, 000.00 IRD. IF THE BUYER DID NOT MISUSE THE POP/SKR, THE USD400, 000.00 IRD
WILL BE RETURNED TO THE BUYER AFTER THE VERIFICATION AND CONFIRMATION OF THE
GOLD WITH THE BANK AND PURCHASE-SALE TRANSACTION WILL BE SUCCESSFULLY
FINALIZED.THE PAYMENT WILL BE MADE TO THE HOLDING BANK TRUSTEE ATTORNEY
ACCOUNT (HBTAA) WITH THE CONDITION THAT IT SHALL BE RETURNED UPON FIRST AND
SIMPLE DEMAND,WITHOUT DELAYS OR DEDUCTIONS, IN THE EVENT OF THE POP/SKR IN HE
NAME OF THE BUYER NOT BEING ISSUED, AS REQUESTED BY THE BUYER.

OPTION N0.4:
PAYMENT COLLATERAL: WE WILL DELIVER THE GOLD BULLION THROUGH OUR
TESTED AND RELIABLE APPOINTED SHIPPING COMPANY DIRECTLY TO BUYER'S
DESTINATION FOR PAYMENT TO US BY WIRE TRANSFER AFTER BUYER HAS RECEIVED
THE GOLD TO CONFIRM THE PURITY, BEFORE THE DELIVERY SINCE THE BUYER IS NOT
PAYING US FOR THE GOLD BULLION IN ADVANCE, BUYER WILL BE REQUIRED TO ISSUE
ON OUR BEHALF BY SWIFT AN OPERATIVE BG/SBLC MT760 VIA BANK TO BANK SWIFT
TO STAND AS THE PAYMENT COLLATERAL THAT BUYER WILL PAY US AFTER THE
RECEIPT OF THE GOLD AT HIS DESTINATION AND PURITY CONFIRMATION. WITHIN 24
HOURS OF OUR BANK'S RECEIPT AND CONFIRMATION OF THE FINANCIAL INSTRUMENT,
THE POP WILL BE RELEASED TO BUYER AND HIS BANK TO VERIFY AND CONFIRM THE
GOLD BEFORE DELIVERY TO BUYER'S DESTINATION FOR PAYMENT TO US BY WIRE
TRANSFER AND THE SBLC /BGM760 CANCELED SINCE IT IS JUST A PAYMENT
GUARANTEE.

PARK JUNG ACCOUNT DETAILS FOR RECEIVING FUNDS

BARCLAYS BANK PLC
IBAN GB55 BARC 20498 17324 8305
SWIFT CODE: BARCGB22
SORT CODE:20 49 81
ACCOUNT NO: 73248305
BENEFICIARY:PARK GENERAL LIMITED
SIGN& SEAL BY SELLER COMPANY CURRENT APPOINTED DIRECTOR

FULL NAME: MR DAVID BUCKLEY

PASSPORT NUMBER : 972096745
ISSUING COUNTRY : BRITISH CITIZEN
DATE OF ISSUE : 02 APRIL 2013
DATE OF EXPIRATION : 02 APRIL 2023
FOR AND ON BEHALF OF PARK GENERAL LIMITED

SIGN& SEAL BY SELLER COMPANY OWNER/CEO/PRESIDENT

SELLER’S FULL NAME : PRINCE PARK JUNG

PASSPORT NUMBER :M9095860
ISSUING COUNTRY : AUSTRALIA
DATE OF ISSUE : 28 OCT 2008
DATE OF EXPIRATION : 28 OCT 2018
FOR AND ON BEHALF OF PARK GENERAL LIMITED
ACCEPTANCE OF F.C.O. BY BUYER
WE, THE BUYER, ARE READY, WILLING AND ABLE TO BUY THE AU GOLD BULLION OFFERED IN THIS F.C.O.
WHICH IS RETURNED TO YOU DULY SIGNED AND SEALED AS ACCEPTANCE OF THE TERMS AND
CONDITIONS PRINTED HEREIN

SIGN&SEAL OF THE BUYER

BUYER’S FULL NAME :

PASSPORT NUMBER :
ISSUING COUNTRY :
DATE OF ISSUE :
DATE OF EXPIRATION :