MINERALS CONSULTING SARL
SALE & PURCHASE CONTRACT
This Sale and Purchase Agreement of Gold is made and entered into on this 1 st day of
August 2021, by and between MINERALS CONSULTING SARL (Hereinafter referred as the
“Seller") and , (Hereinafter referred as the "Buyer")
Whereas;
Seller, with full corporate authority to sell, makes an irrevocable and firm commitment to sell a
total quantity of (50 Kgs Gold) from Guinea Conakry.
Whereas;
Buyer, with full corporate authority to buy, wishes to purchase the Seller’s Gold over an
agreed time period.
SELLER:
Company name: MINERALS CONSULTING SARL
Address: Siege : BP: 1200 : 01 , COMMUNE DE MATOTO
Represented by: MR. ABOUBACAR SIDIKI DABO
Passport N°: R0158589
Title: Managing Director
Personal Tel N°: +224 656 762 824
Company Tel N° +224 654 137 459
E-mail:
mineralsconsultingsarl224@gmail.comSociété Guinéenne de Commerce d’Or et Diamant
Mine, Import-export, commerce générale,
Travaux publics, prestation de service &Comptoir
BUYER:
Company Name: XXXXXX
Address: XXXXXXX
Represented by:
Passport N°: XXXXXXXXXXXX
Tel: XXXXXXXXX
Email: XXXXXXXXX
NOTE--- that this quantity comes from us and other local miners under the
responsibility of our company.
PROCEDURE:
Seller sends Draft Sales Purchase Agreement to Buyer. Buyer sign and seal the Sales
Purchase Agreement return a copy to seller. Seller sign and seal and send the
signed copy to Buyer with Seller’s passport copy attached. Buyer sends
passport copy and ID photo with a white background to seller. Seller sends buyer a cable visa
(Entry Visa) to Conakry Guinea for TTM in Seller’s office.
Buyer is free to bring his own machine for testing and also the said gold will be tested at
Seller’s office by buyer or his representative before taking the gold to the Central Bank for
Handling and Exportation to the buyer’s designated destination.
After a satisfactory test at Seller’s office by buyer or his representative, buyer pays in full
for the said 50kgs including all the taxes and freight charges directly to the Seller’s Bank
Account to enable the Seller get the bank statement (INFLOW TAX) to submit to the Central
Bank to prove that the gold was paid for. After receipt of the Bank statement by the Central
Bank, the Seller will apply the same day to the Central Bank for the exporting of the 50kgs
gold and obtain all the necessary documents for export of the said gold to the buyer’s
designated destination. All the export documents will bear the buyer’s name and address.
Buyer will make a wire transfer of the 50kgs to the Seller’s Bank Account.
TRANSPORT DOCUMENTATION:
The delivery shall be accompanied with all the export documents in accordance with international
law, which includes;
1. Airway Bill
2. Two (2) copies of commercial invoices in favor of the buyer.
3. Certificate of origin and ownership
4. Certificate of insurance
5. Authorization of Export
6. Assay Report -Central Bank Assay
COMMODITY SPECIFICATIONS & QUANTITY:
a) Commodity: (AU)
b) Form: Gold bars
c) Purity: 95.08%
d) Fineness: 22 plus carats
e) Origin: Guinea Conakry
f) Quantity: 50 Kgs
g) Delivery destination: Buyer designated destination
h) Price per kilo: $ 47,000 USD price negotiable with a ready buyer
1. QUANTITY:
The agreed upon quantity for sale to the Buyer under the terms of this contract shall be an initial
tranche of (50 Kgs) and thereafter an amount to be agreed upon delivered each month for (12)
consecutive months with possible rolls and extensions.
2. EXECUTION OF THIS CONTRACT:
The terms of this contract shall be confirmed and signed by the Buyer and the Seller via facsimile or
Email. Said executed facsimile or email shall be binding, initiates and concludes the legal liabilities
between Buyer and Seller of this contract. By signing below, both Parties abide by their corporate and
legal responsibility, and execute this contract under full penalty of perjury.
3. REMEDY FOR BREACH:
In the event of any breach by any Party of any condition herein mentioned and/or in any other
contract entered into by any of the Parties, directly or indirectly, the circumvented party shall be
entitled to a legal monetary penalty equal to the maximum remuneration it should realize from the
Project plus any and all expenses, including but not limited to all legal costs and expenses incurred
to recover the lost revenue. If any Party concludes a transaction or further business with a Party or
third party in breach of this contract, the damages suffered by each non-breaching Party are assumed
to be equivalent to the remuneration payable to each breaching Party and its affiliates under the
transaction documents or further business documents, and if such remuneration is not specified,
then the damages are assumed to be equivalent to the remuneration payable to each breaching Party
and its affiliates under this contract or the related documents, as the case may be. The damages
provided by this subsection are deemed to be liquidated.
In addition to the foregoing, a breach of any of the promises or contract contained in this contract
will result in irreparable and continuing damage to the disclosing Party for which there will be no
adequate remedy at law in whole or in part for such violation. Consequently, in addition to other
available remedies in law or equity, each disclosing Party shall be entitled to specific performance,
injunctive or other equitable relief for any violation of this contract.
Now therefore, the Parties agree to the terms and conditions as follows stated herein.
FOR AND ON BEHALF OF SELLER: BUYER’S SIGNATURE:
FULL NAME: MR. ABOUBACAR SIDIKI DABO
DIRECTOR GENERAL
SIGNATURE: