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    SPA FOR

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    hasanau.fx

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    © All Rights Reserved
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    SPA FOR

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    hasanau.fx
    63 views6 pages

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    Download as docx, pdf, or txt
    63 views6 pages

    SPA FOR

    Uploaded by

    hasanau.fx

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    SPA FOR REFINED Au METAL CIF.

    DELIVERY DUBAI

    TRANSACTION CODE:

    SELLER’S CODE:

    BUYER’S CODE:

    THIS AGREEMENT WAS CONCLUDED AND EXECUTED TODAY December 2024, BY AND
    BETWEEN:

    SELLER: HADHRAWADI FZCO. is a corporate with registration 14006 with current


    address at UAE [Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai,
    United Arab Emirates], represented by Mr. TALAL ESSAQAF himself, holder of
    Canadian Passport # (AR418915)
    (hereinafter referred to as the
    “Sellers”) AND

    BUYER: WHEREAS: Seller has "For Sale" Gold Bullion, bars, hereinafter
    referred to as "Gold bullion, bars “ WHEREAS: Buyer wishes to Purchase the
    Seller's Gold over an agreed total 2,000KG.
    NOW THEREFORE: The Parties agree to the Terms and Conditions as follows:

    SCOPE OF THE CONTRACT


    • The Seller, under full authority and responsibility, declares that he
    has the clear and qualified right to sell the Gold and that he
    guarantees that the Seller has the means to sell the Gold 2.000Kg to
    the buyer in Dubai in Bonded warehouse and/or security house, as
    agreed between him and the Buyer. As per agreement Product is in
    Dubai, UAE and can be exported to any destination as specified by
    the buyer if he wishes after purchase and full payment is received
    by the seller.
    • The Buyer, under full corporate authority and responsibility declares
    that he and his associates have the full capability to purchase the
    offered Gold in Bullions bars or any physical form after checking &
    examining the gold bars.

    COMMODITY SPECIFICATIONS
    • Commodity: Aurum Utalium (AU)
    - Form: Gold Bullion Bars
    Purity: 995.00%. Assay: All Bullion Bar are refined in LBMA
    registered Refinery as chosen in UAE; All bullion Bars has
    certificate from the registered refinery.
    Origin: UAE.

    QUANTITY

    The contractual quantity for sale is 2,000KG for 1 spots.

    PRICE
    The Contract purchase price of the gold is Dubai Retail Price P.M. Gold Price less
    2% discount based on the day of the sale. $---, -----.00 (XX-XX thousand) Dirhams
    per Kilo to the Purchaser defined by the TBD Certificate issued by the refinery
    Assay. The Purchase currency will be Dirhams (AED) for payment of the Refined
    Kilogram of Gold with +995.00% Purity. The price is discounted on Dubai daily
    retail cost.

    PAYMENT TERMS

    Cash or Bank Transfer within the UAE

    PROCEDURE OF THIS PARTICULAR DEAL

    (In time sequence)


    The following steps shall be followed:
    • The SELLER receives the signed contract from the BUYER as
    confirmation of acceptance of all agreed terms and conditions.
    • The Seller provides a meeting date and location to conclude the deal,
    coinciding with the location of the Bullion Bars.
    • The Buyer must demonstrate their financial capability and purchasing authority.
    • The Buyer examines the Bullion Bars during the meeting to verify
    conformity with certificates and assay tests.
    • The Buyer remits the agreed amount to the Seller’s certified bank account.
    • Upon receipt of the full payment for the 2/000KG, the Seller releases the
    Bullion Bars to the Buyer along with all necessary documentation.The
    Buyer is responsible for collecting the Bullion Bars from the location or
    arranging for transportation.

    NOTICES
    Any and all notices required to be given by one party to the other party to this Agreement
    shall be in writing and by posting the same by certified/recorded post at the address or
    addresses as stated herein and copied by facsimile or email, directly to the parties
    referenced herein.

    SELLER’S NAME : herein referred to as “Seller”


    Registration number: 14006
    CEO:Mr. TALAL ESSAQAF
    Passport-Number: AR418915 (Country: CANADA)

    BUYER’S NAME:

    Seller’s Bank Information:

    Account Holder: HADHRAWADI FZCO


    Bank: ABU DHABI ISLAMIC BANK (ADIB)
    Address: INTERNET CITY BRANCH, SHEIKH ZAYED
    ROAD DUBAI
    Account No.: AE4805 0000 0000 0 1918 4255
    Swift Code: ABDIAEADXXX
    Branch Code : N/A
    Correspondence Bank : N/A

    DOCUMENTS
    Shipment and delivery shall be identified with all appropriate contract
    reference codes and numbers. Seller must provide the following
    documents to Buyer or his representative for pre- advice prior
    purchase of goods : These documents will only be provided as agreed
    between seller and buyer during the transaction of Gold.

    CHARACTERISTICS OF THE GOLD BARS


    Deleterious elements in refining material:
    In the following, the most common impurities in refining results are accepted
    and limits are formulated below to which are alluvial gold dust is acceptable
    without additional amounts being charged to the Seller.
    These limits are to be considered as indications by the refinery and have to
    be re-evaluated depending on the alluvial gold dust and the process of
    refining it is destined for.
    Class 1: Impurities, which are hazardous to personal
    and environment Element
    Acceptable levels
    Radioactive none
    Mercury Hg none
    Arsenic As max. 100 ppm
    Cadmium Cd max. 100 ppm
    Class 2: Impurities, which can disturb the refinery process and as
    well influence the environmental protection processes:
    Element Acceptable levels
    Lead Pb max. 3%
    Tin Sn max. 3%
    Selenium Se max. 500 ppm
    Tellurium Te max. 500 ppm
    Bismuth Bi max. 100 ppm
    Antimony Sb max. 100 ppm
    These are other elements, which may be present in refining alluvial gold dust,
    that do not have hazardous properties or disturb the processing significantly
    if present in minor quantities, but may disturb the homogenization and
    sampling due to the fact they produce a heavy segregation when the metal
    solidifies
    These elements in particular are: Iron Fe
    Nickel Ni
    Cobalt Co

    TITLE TO GOODS
    The Title and the Ownership of the Goods will remain in the name of
    the Seller Name, until and the Buyer will not take Legal Ownership until
    he has paid the agreed Price as per this Contract. This will be
    confirmed by Seller’s Bank or fiduciary partner.
    CLEAR TITLE
    Seller confirms and warrants that the Title of the Gold bullion bars to
    be sold herein will be free and clear of any and all Liens and/or
    encumbrances and Seller states that the Gold Bullions Bars is not of
    terrorist and/or criminal origin. The gold herein involved have been
    Puritanism from legitimate

    sources not involved in funding conflict in compliance with United


    Nations Resolutions. The seller hereby guarantees the gold bars are
    conflict free based on personal knowledge and/or written guarantee
    provided by the supplier of these gold.

    WARRANTIES
    • If applicable the duties in country of shipping shall be covered by
    Buyer
    • If applicable Seller warrants that the commodity can be lifted
    / shipped without restrictions to anywhere in the world.

    APPLICABLE LAW AND JURISDICTION


    • Any action or legal proceeding related to this Agreement shall be
    adjudicated under the laws Courts and procedures of UAE and
    London, U.K. conducted in ENGLISH.
    • Should either party not perform exactly within the terms and
    conditions of this Agreement, the other party will give notice
    regarding the non-performance, where upon the non-performing
    party must comply with their obligations within Ten ( 10 ) Working
    Days or this Agreement shall be canceled without further notice,
    but the other Party will count as prejudiced party, having the legal
    right to report the failure to proper authorities.
    • This Agreement shall be governed by the Uniform Commercial
    Code as interpreted by the UAE laws and courts under the
    interpretation of the INTERNATIONAL CHAMBER OF COMMERCE.
    • Any disputes arising out of, or in context with this Agreement or
    related to any agreement concluded as a result of this Agreement
    shall be settled by Arbitration. The seat of the arbitration tribunal
    shall be under the rule of conciliation and arbitration of the
    International Chamber of Commerce Court of Arbitration, and the
    English language shall be the language of the proceedings.

    JOINT DECLARATION
    The SELLER and BUYER each declare unto one another that the AU
    commodity offered herein for sale, and the origin of the funds used for
    purchasing the AU commodity, do NOT contravene: The Drug
    Trafficking Offenses Act 1986, The Criminal Act 1988, The Prevention of
    Terrorism (Temporary Provisions) Act 1989, The Criminal Justice
    (International Co- operation) Act 1990, The
    Criminal Justice Act 1993, and the Money Laundering Regulations 1993,
    The Patriot Act, 2001, or any other illegal or criminal activity. And
    accordingly each party to this agreement indemnifies each other
    against any such allegations, which, may or may not be made in the
    future.
    FACSIMILE COPIES
    This Agreement shall be accepted to be legal and binding by both
    parties if executed and sent by fax and/or email direct to the parties
    concerned at the numbers contained within this Agreement.

    FORCE MAJEURE
    The parties hereto shall not be held liable for any failure to perform
    under the "Force Majeure" clause as regulated by the International
    Chamber of Commerce,

    ETHICS: (NON-CIRCUMVENTION and NON-DISCLOSURE)


    Both Buyer and Seller acknowledge that the harm to the other party
    would be substantial and therefore the Seller and Buyer’s agree to
    abide by the Customary International rules of non- circumvention and
    non-disclosure as established by the International Chamber of
    Commerce. Buyer and Seller and their mutual representatives, dealing
    with Customs, brokers or Buyer’s and Seller's mandate and Buyer’s
    and Seller’s facilitators being or having been in direct or non

    direct connection with this transaction herein. The understanding and


    accord of this subparagraph will survive the termination of this
    Agreement.

    BINDING AUTHORITY
    This Agreement is binding upon the parties hereto, their assigns and
    successors and is signed with full authority to act

    TOTAL AGREEMENT
    This Agreement supersedes any and all prior agreements and
    represents the entire Agreement between the parties. No changes,
    alterations or substitutions shall be permitted unless the same shall be
    notified in writing and signed by both parties.

    EXECUTION OF THIS
    AGREEMENT
    The terms of this Agreement shall be Confirmed and signed by the
    Buyer’s and the Seller via facsimile or Email. Said executed facsimile or
    email shall be binding and initiates and concludes the legal liabilities
    between Buyer’s and Seller of this contract.

    By signing below, all parties abide by their corporate and legal


    responsibility, and execute this contract under full penalty of Perjury.

    ACCEPTANCE BY BUYER

    BUYER’S NAME:
    DATE / PLACE: TH DECEMBER 2024

    ACCEPTANCE BY SELLER

    SELLER’S NAME : HADHRAWADI FZCO, herein referred


    to as “Seller” Registration number: 14006

    Seller’s Authorized Signature

    Name of signatory: TALAL


    ESSAQAF Passport N°:
    AR418915
    Country: CANADA
    TH
    DATE / PLACE: DECEMBER , 2024

    ACCEPTANCE BY OWNER'S AND SELLER'S AGENT

    BUYERS PASSPORT

    BUYER’S TRADE LICENSE

    SELLERS PASSPORT
    AS PER ATTACHED CIS

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