fco gold bars

MUNYENGE MINING COMPANY.
45A Rue De La Belle, Batouri, Eastern Region, Cameroon
munyengelocalminers@gmail.com/ Tel. 00237 676446684 - TAX PAYER NO: P036500005459Q
REG NO: TPPRR/RC/CFIM/2014/B/35
munyengelocalminers@gmail.com/ Tel. 00237 676446684 - TAX PAYER NO:
P036500005459Q
FULL CORPORATE OFFER (FCO) FOR GOLD (AU) BARS
Date: 8/11/2021
FCO REFERENCE: REAL FCO No: MMC5487 BUYER CODE: xxxxxxxx
SELLER CODE: MMCL 939/2021 AGREEMENT NUMBER: GLD CM/0249/2021
Date: 8/11/2021 (Note: the validity of this offer is 21 days from dated herein and will be terminated
sooner if non-compliance from the buyer) I Mr. ERIC ASONGANYI, Passport No: 01748503, CEO of
MUNYENGE MINING COMPANY LTD hereby confirms with full legal and corporate responsibility
under penalty of perjury, that my company is ready, willing and able to enter into a contract to sell
GOLD (AU) BARS to Ancient Metals, LLC , 154 quarry road ,Coal Township PA 17866
(USA) under the following terms and conditions:
COMMODITY DESCRIPTION
The commodity particulars that the Seller has offered and will supply to the Buyer are as
follows:
COMMODITY: AU (GOLD) BAR (1Kg/2Kg)
FINENESS: 24 Carats
PURITY: 99.99%
QUANTITY
MINIUMM 5kg trial shipment with rolls of extension as per buyer’s choice up to 500 Kg
every month.
PRICE: $28000 per kg.
TRANSPORTATION DOCUMENTS
This delivery shall be accompanied by:
1. Certificate of Origin
2. Certificate of Ownership
3. Certificate of Movement from Ministry of Trade
4. 4 copies of Commercial Invoice
5. Preliminary Assay Certificate
6. Certificate of Non-Criminal Origin
7. Certificate of Phytosanitary
8. Insurance
9. Cameroon Custom Clearance Papers
10.Bank of Cameroon Form A2
11.Shippers Instruction for airway bill

CIF Procedures
1. Seller issues FCO with CEO Passport Copy.
2. Buyer Signs and return back to seller with his passport copy
3. Seller sends a contract for Buyers Approval.
4. Buyer signs and return back to Seller
5. (a) Seller goes over signed contract and prepares his trip for the Deposition of the
gold to the ministry of mines.
(b)Seller Book a day to the Ministry recognized freight and Export agency for the
Deposition of the goods for safe keeping. Once as he gets a Precise date, seller
takes goods to the Ministry of Scientific Research and Innovation for Pre-Assayer
of the Goods. After the Assayer Results are out, Seller would collect goods from
the Scientific Research Ministry and get pictures of the gold to be ship with
Buyer’s names and address written inside and out of the Box.
6. (a)Seller Print out hard copies of the contract and carry it along to the Ministry of
Mines recognized freight and Export agency. During this Period of traveling, Seller
will give Minute by Minute updates to Buyer either via SMS on Cellphone or calls.
This would make the deal transparent thus motivating both ends.
(b) Buyer or Mandate pays for the CEMAC BUYERS PERMIT. This is mandatory
rule as per the rules of Cameroon Ministry of Mines.CEMAC BUYERS PERMIT cost
US$5500 (UNITED STATES DOLLAR FIVE THOUSAND FIVE HUNDERED ONLY)
Cameroon Ministry of Mines sends the invoice of US$5500 through their official
email id having its Banking Coordinates & Contact Person details to buyer.
Buyer’s details, Seller’s details & the Contract Number are mentioned in the
Invoice. Buyer pays US$ 5500, the charges of CEMAC BUYERS PERMIT in
accordance to the Invoice received from the Cameroon Ministry of Mines via TT or
Wire Transfer. Seller pays all the delivery charges of the gold to the buyer’s
destined International airport.
(c) Seller Agent will accompany the gold to buyer’s destination.
(d) After Buyer’s Designated refinery’s/assay house’s issuance of the certified
final assay report to the Seller’s agent, the Buyer will transfer the payment of the
total value to the Seller’s bank account within 3 working days. The Seller will
transfer the title of goods to Buyer’s name.

P036500005459Q
DEIVERY TERMS
The delivery terms of the sales and purchase of the goods shall be at buyer’s
destination.
SELLER’S OBLIGATIONS: The seller commits himself to deliver to buyer 500 kg of gold
in the form of 1kg/2kg Bars as first trial shipment with roll and extension for large
quantity (5000kg per month).
The seller shall guarantee the buyer that the product subject to this contract may not
contain mercury, nor arsenic, nor shall it be radioactive and is reputed being
clear/clean and of non-criminal origin. Accordingly, the seller indemnifies the buyer
against any such allegations, which May or may not give arise in the future as follow:
Deleterious elements content;
Class I: IMPURITIES; which are hazardous to human health and environments
habitants.
Class 2: IMPURITIES: which can disturb the refining processes, and likewise influence
on the environmental protection process?
In case the consignment supplied contains impurities that are deleterious to other
person or to the refining process, the buyer will have the right to deny purchasing said
amount. The above gold elements content will be communicated and certified to buyer
prior to the full execution of the present contract. Seller commits himself to respect
and follow the Procedure imposed actions to the good end execution of this
agreement.
BUYER’S OBLIGATIONS: The buyer commits himself to buy and pay to the seller for
the total quantity of gold bar delivered pursuant to quality testing and assaying.
Import procedure shall be the buyer’s responsibility. All the taxes, custom duty & other
charges at the destination airport shall be paid by the buyer.
PENALTIES: Should any of the parties FAIL to perform or comply with any part of this
contract agreement terms, the injured party shall be entitled to a 10% penalty due and
payable with immediate effect.
ARBITRATION: All disputes arising from the execution of this contract agreement, and
or in connection with the non-compliance or violation of part or whole of this contract
agreement, shall be settled under the rules of conciliation of the ICC Netherlands.

NON-PERFORMANCE: Should the seller fail to deliver the first part-shipment within 14
working days after acceptance of the contract undertaking and payment schedule, he
Shall be considered to be in breach of the contract and the buyer shall exercise his
legal right to a 10% penalty of the shipment value and shall further require immediate
settlement and recovery of all the funds paid or committed to the transaction. Such
payment of all fees and funds shall be paid within 48 hours by seller, and should the
seller fail to comply, formal legal charges should be filed against the seller.
Therefore, in consideration of the mutual promises, assertions, covenants and other
good moral and valuable considerations, the receipts of which is acknowledged
hereby, the parties further agree to abide by the following:
TERMS AND CONDITIONS
TERM: This agreement shall remain in effect for five (5) years from the issuing date
with additional roll-overs of negotiated durations unless mutually agreed or cancelled
by both parties through mail of the cancellation thereof at the end of any roll-over
period, and shall apply to any or all the transactions originated during the term of this
agreement, as well as to all subsequent transactions that are follow-up, repeat,
extended or renegotiated transactions of or in any other way derive from, transaction
originated during the term of this agreement. Whereas the price per kilogram, after the
first delivery could be adjusted and or upgraded according to market fluctuations and
per a basis of a mutual written undertaking whereby Seller will offer the new price and
Buyer shall offer acceptance, rejection or further adjustment of the price and this term
shall be enforced.
BREACH OF CONTRACT AGREEMENT: In the event of breach of this agreement by any
party directly or indirectly, the non-breaching / injured party shall be entitled to a
monetary penalty equal to the maximum service it should realize from such
transactions plus any and all expenses including but not limited to any legal costs and
expenses to recover the lost revenue in addition to the 10% Penalty Clause.
ARBITRATION: Any controversy or claim arising out of or relating to or executing this
agreement or the breach thereof and which is not settled between the signatories
themselves shall be settled by arbitration panel in accordance with the rules and
proceedings of the International Court of Justice, Netherlands and legal System. The
arbitration shall take place in Netherlands, and the language shall be English. All
international ICC Non-Disclosure or Non-Circumvention laws and provisions, in effect
as at the date in question or as passed and or amended thereafter, are adopted herein
as being a part of this agreement and will apply to all parties and individuals to this
transaction and are binding on all the parties.
BINDING CONTRACT:
Signatures of this agreement received by means of facsimile or mail or email shall be
deemed to be an executed contract, validly entered into and enforceable. The contract
will be deemed formed at the domicile of the intermediary and at the time when the
agreement is executed by all parties.
REPRESENTATION AND AUTHORITY:
All signing individual hereto acknowledges that they have read and fully understood
the foregoing agreement and that they have full and complete authority to execute the

P036500005459Q
document for and in the name of the party for which they have given their signature. In
the case of legal entities, each signing individual also represent and warrant that the
contracting party on behalf of which he/she is acting is legal entity, duly formed and
existing, and in good standing, under the laws of the country of its domicile
SIGNATURES
FOR THE SELLER, FOR THE BUYER
Company Seal.
Signature/Seal of Seller Signature/Seal of Buyer
MR. ERIC ASONGANYI
Designation: Designation:
C.E.O.

P036500005459Q
BUYER PASSPORT COPY

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