SUITE 250 162-168 REGENT STREET LONDON, W1B 5TDLIFTING OFFICES: EUROPE/HONGKONG & LONDON, UNITED KINGOM

PHONE: +447045732931/ FAX: +44 700 608 5024 /SKYPE: goldencapitaUK REGISTERED COMPANY NUMBER: 07164669

TEMPORARY WEBSITE: http://www.tradevv.com/chinasuppliers/goldencapiEMAIL: goldencapitalltd@gmail.com/ goldenskmcapitalltd@ymail.com

OUR REF: GCL/GLD/2110482567DATE : THURSDAY 13TH MAY,2011TO: HONORABLE BUYER

PRODUCT DESCRIPTION :

COMMODITY : GOLD BULLION (AURUM UTALIUM)

BAR SIZE : 12.5-KILO BARS OF GLD SYSTEM

FINENESS : 999.9%

HALLMARK : INTERNATIONALLY ACCEPTED HALLMARKS SUCH AS METOLAR JOHNSON& MATTHEY, DE GUSSA ETC LOCATION : STANDARD CHARTERED BANK LONDON

DELIVERY : CIF AT BUYER'S DESIGNED PLACE

AGE : LESS THAN 5 YEARS OLD

ORIGIN : GHANA/ MALI/GUINEA CONAKRY/D.R. CONGO/TANZANIA/ANYWHERE IN AFRICA FCO VALIDITY : THIS FCO IS VALID FOR 7/SEVEN BANKING WORKING DAYS

QUANTITY : 1000 MT (ONE THOUSAND METRIC TON) WITH ROLLS AND EXTENSIONS

DISCOUNT : GROSS 10% NET 7%

COMMISSION : 1.5% FOR BUYER GROUP/BUYER MANDATE/CONSULTANT : 1.5% FOR SELLER GROUP CONSULTANT (CLOSED)

DEALERS IN PRECIOUS MINERALSFCO FOR 1000MT OF AU GOLD BULLION

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.

A.SELLER ISSUE THIS FULL CORPORATE OFFER (FCO) WITH BANKING COORDINATES AND CONTRACT NUMBER TO END BUYER, VALID FOR 7 WORKING DAYS.

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

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

NOTICE TO BUYERS/BUYERS BANK : E LECTRONIC OR FAX COPY IS LEGAL / BINDING .

D- GUARANTEE: WE WILL DELIVER THE GOLD BULLION THROUGH OUR RELIABLE APPOINTED SHIPPING COMPANY DIRECTLY TO BUYER'S DESTINATION FOR PAYMENT TO US BY TT WIRE TRANSFER AFTER BUYER HAS RECEIVED THE GOLD TO CONFIRM THE PURITY, BEFORE THE DELIVERY AND AS THE BUYER IS NOT PAYING US FOR THE GOLD BULLION, BUYER WILL BE REQUIRED TO ISSUE ON OUR BEHALF BY SWIFT THE BELOW FINANCIAL INSTRUMENT VIA BANK TO BANK SWIFT AS PER OUR BANKER APPROVED VERBIAGE TO STAND AS THE PAYMENT COLLATERAL AND EVIDENCE THAT BUYER WILL PAY US AFTER THE RECEIPT OF THE GOLD IN HIS DESTINATION AND PURITY CONFIRMATION AND BUYER PAY US THE ACTUAL COST OF THE GOLD BULLION WITHIN 72 HOURS

(1)- SWIFT MT 103 FIELD 23:

(2)-STANDARD BANK LETTER OF CREDIT (SBLC MT760)

(3)-BANK GUARANTEE (BG MT760)

(4)-POF MT799

BANK NAME: BANK OF AMERICA , NEW YORKSWIFT CODE: BOFAUS3NCREDIT TO SWIFT CODE: SCBLSGSGBANK CODE: 7144BRANCH CODE: 001

ACCOUNT NAME: GOLDEN SKM CAPITAL LTD.ACCOUNT NO: 017 – 025 - 4186

SIGNATURE / SEAL OF SELLER

SELLER’S FULL NAME: BONET ERNESTO RUBBEN PASSPORT NUMBER: 032426966ISSUING COUNTRY: URUGUAYA DATE OF ISSUE: JUNE 20TH, 2008DATE OF EXPIRATION: JUNE 2OTH, 2013 FOR AND ON BEHALF OF : GOLDEN STOCK KEEPING MULTI CAPITAL 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.

SIGNATURE / SEAL OF BUYER

BUYER’S FULL NAME: PASSPORT NUMBER: ISSUING COUNTRY: DATE OF ISSUE; DATE OF EXPIRATION: