GOLD SALES AND PURCHASE AGREEMENT

1. DATE: 26, Dec, 2023

CONTRACT NO: TGT/DUAE/26122023

LAITH HIKMAT NAJEEB SALOOM

REPUBLIC OF IRAQ
ID NO: A21224048

2. BUYER: TARTAN GOLD TRADING LLC

LEVEL 54, ALMAS TOWERS JLT,
P.O BOX 48800 DUBAI, UAE
LICANSE NO: 1213646

CONSIGNEE: TARTAN GOLD TRADING LLC

SELLERS: …………………………..
…………………………….
…………………………..

3. COMMODITY: Gold

FORM: Dore bars

ORIGIN: Burundi

PURITY: 96% or better

FINENESS: 23 carats

QUANTITY: 400Kgs

PACKING: Strong metal safe with Buyer’s company name .

. Attached

4. QUANTITY: The Quantity of this Agreement is 400kg (Four

hundred) Kilograms and the Seller shall deliver the goods to buyer’s
destination in Dubai, UAE who shall be in custody of the said goods.

5. WEIGHT & QUALITY: Final quality and quantity shall be

determined in Dubai by an independent assay report of a licensed
 refinery nominated by the Buyer (“the Refinery”) shall be used and
accepted as final and absolute.

6. DELIVERY: Dubai, UAE.

7. PRICE: All prices in United States Dollars:

a. The Purchase Price shall be based on the discount rate

from the market price after Refinery Assay Report issued by
the Buyer’s nominated Refinery.

b. The Buyer shall pay the Seller the purchase price of the
Gold on receipt of the Refinery Assay Report and in any
case not later than seven (7) days from receipt of refinery
report.

c. The purchase price of Gold sold under this Agreement shall

be determined by discount rate of 8% from the Gold Market
price

d. The goods are delivered to Etihad Secure Logistics, Dubai,

UAE.

8. MODE OF PAYMENTS:
The buyer shall pay expenses used for paying ALL GOVERNMENT
TAXES in Dubai UAE once the cargo get into the flight

The full and final payment LESS payment shall be released to the seller
through HAWALA, USDT or BTC after checking and verifying the goods
at Buyer’s nominated Refinery.

9. DUTIES & COMMISSIONS:

These amounts of duties and commissions shall be deducted from the
Invoice after checking and verifying the goods before final payment to be
made.

10. TITLE OF GOODS

a. The SELLER confirms and guarantees that the title of the GOLD
Doré Bars to be sold under this agreement will be free and clear of

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 any and all liens and encumbrances and the SELLER states that the
GOLD Doré Bars is not of Child Labour and or criminal origin.
b. The BUYER declares that the funds used in the payment to the
SELLER under this agreement are free and clear and of non-
criminal origin.
c. The SELLER covenants to immediately change the Title of Ownership
to the BUYER after receiving the Electronic Funds Transfer payment
confirmation. The payment has to be in US Dollar only ($). No other
currency is to be accepted.

11. CONSIGNEE AND DELIVERY NOTIFICATION:

a. The Transaction Code is required to be contained in all written
communication between the Buyer and the Seller and their
respective Banks. The Transaction Code shall not be changed or
altered during the course of this transaction. The transaction code
is …………, which is also the custom reference code.

12. NON- CIRCUMVENTION/ NON-DISCLOSURE

Each of the parties hereto agrees not to circumvent any of the parties
including the Buyer’s Representative and the Seller’s Mandate in any
manner, whether directly, or indirectly, with reference to this
transaction or the selling and purchasing of Gold. Except with the
express written consent of the other party no communication shall be
made by either party, or their agents, to the other party’s bank, it’s
handling officer/s and/or account managers.

13. FORCE MAJEURE

The parties hereto shall not be liable for any failure to perform under
the Force Majeure clauses as defined in the standards/publications of
the International Chamber of Commerce (ICC) Paris, France, latest
revision and addition, which clause is deemed to be incorporated in this
Agreement.

14. TAXES AND LIABILITIES

The parties hereto shall not make, or rely upon, any representation
regarding tax consequences (if any) of the transaction contemplated by
this Agreement. Each party individually and separately shall accept
their own liabilities for any taxes, import levies duties or charges and
institutional costs which may arise or are applicable in the performance
and execution of their respective duties under this Agreement.

15. FORCE AND EFFECT

a. Should any of the provisions of this Agreement be or become invalid
by virtue of applicable law/s, or become invalid, illegal or
unenforceable, the remainder of this Agreement shall remain in full
force and effect.

b. This Agreement shall be deemed binding upon the parties hereto

and is executed with full authority to act and delivered by fax (with

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 proof of receipt) and/or email direct to the parties concerned to the
phone numbers and email addresses contained within this
Agreement.

c. Should either party fail to perform within the precise terms and
conditions of this Agreement, the other party will give notice
regarding the non-performance, whereupon the non-performing
party must comply with their obligations within seven (7) working
days or this Agreement and may be cancelled without further notice
by either party.

16. PERFORMANCE
a. Should seller fail to perform the delivery of the goods within the
conditions set forth in this agreement, the transaction will be
cancelled and Seller shall be liable to the buyer for any costs or
damages arising from the relevant circumstances

17. PROCEDURE TO THIS AGREEMENT :

a. The Seller shall through their agents transfer all the 30kg (THIRTY
Kilograms) of gold to Abu Dhabi/Dubai, UAE.

b. The seller shall ensure that following provisions are executed:

Payment of Insurance, Clearing, Forwarding, Freight, Customs and
Excise Duties (Royalties).

c. The buyer shall be responsible for all payment of taxes, refinery

charges or any charges in Abu Dhabi/Dubai, UAE.

d. Within 24 hours of receipt of shipment at the Etihad Logistics

Warehouse, the buyer check
e. Payment shall be released to the Seller’s nominated bank
immediately after

18. CONFIDENTIALITY
Both the Buyer and the Seller shall not (except under compulsion of law
or pursuant to a request from any regulatory authority to the
jurisdiction of which the disclosing party is subject) either before,
during or after the termination of this Agreement disclose any
confidential inform relating to business dealings which shall have
possessed during the period of this Agreement and both Buyer and
Seller shall use all reasonable endeavors to prevent and disclosure by
its officers, employees.

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19. WARRANTIES
a) The SELLER warrants that the commodity can be shipped to
anywhere in the World without restrictions. As it is to the
best interest of the parties to complete the deal, they shall not
be held liable for any failure to perform for reasons beyond
their control.

b) The Parties shall ensure the implementation of any accepted

obligations specified in this agreement and warrant all
information submitted in this Agreement is true and accurate

20. ENTIRE CONTRACT

This Agreement, constitutes the entire agreement between the Buyer
and Seller relating to the subject matter of this Agreement and
supersedes all previous negotiations, undertakings and agreements.
This Agreement supersedes any prior agreement relating to the subject
matter of this Agreement.

21. ELECTRONIC DOCUMENT TRANSMISSIONS

a. EDT (Electronic Document Transmissions) shall be deemed valid
and enforceable in respect of any provisions of this Agreement. As
applicable, this Agreement shall incorporate:

i. ELECTRONIC COMMERCE AGREEMENT

(ECE/TRADE/257, Geneva, May 2000) adopted by
the United Nations Centre for Trade Facilitation and
Electronic Business (UN/CEFACT).

ii. EDT documents shall be subject to European

Community Directive No. 95/46/EEC, as applicable.

b. Either Party may request hard copy of any document that has been
previously transmitted by electronic means provided however, that
any such request shall in no manner delay the parties from
performing their respective obligations and duties under EDT
instruments.

22. JOINT DECLARATION

The parties hereto declare that they have read, have fully understood,
and have accepted the terms and provisions of this Agreement and that
the complete Agreement is fully legal under the respective laws of each

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party’s jurisdiction, and confirm their Agreement through their
signatures which bear witness below:

IN WITNESS whereof the parties hereto have hereunto set their hands
this…………………. day of ……………………2023

Signature & Stamp: _________________________

Name: _
Postal Address: _________________________
Qualification: _________________________

………………………………………………
SIGNED AND DELIVERED
By the said SELLER

IN WITNESS whereof the parties hereto have hereunto set their hands
this…………………. day of ……………………2023

Signature & Stamp: _________________________

Name: _
Postal Address: _________________________
Qualification: _________________________

………………………………………………
SIGNED AND DELIVERED
By the said BUYER