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GMGT Transaction Requirements and Representations — CIF Dubai, United Arab Emirates (UAE).

To ensure an efficient transaction and avoid unnecessary delays, GMGT conducts all business in accordance with the rules, standards, and practices of the International Chamber of Commerce (ICC).

GMGT will only engage directly with the legal owner of the commodity or with a duly authorized mandate who can provide written authorization from the Seller confirming their authority to represent the Seller.

Seller's Representations and Warranties

The Seller represents and warrants that:

1. The Seller is the legal and beneficial owner of the commodity.
2. The commodity is free and clear of all liens, claims, security interests, pledges, charges, or other encumbrances of any kind.
3. The commodity is of lawful and non-criminal origin, has been obtained in full compliance with all applicable laws and regulations of the country of origin, and is not associated with any terrorist, sanctioned, or other illegal activities.
4. The commodity will be delivered on a CIF basis to Dubai, UAE, in accordance with the agreed terms.
5. The Seller shall provide all required legal and commercial documentation for the Buyer's review, including, but not limited to:
   • Air Waybill (AWB) issued by the airline carrier.
   • Export Permit issued by the government of the country of origin.
   • Certificate of Origin.
   • Certificate of Ownership.
   • Final Commercial Invoice issued following the final assay report.

Buyer's Representations and Warranties

The Buyer represents and warrants that:

1. The Buyer holds all required licences, registrations, and regulatory approvals necessary to enter into and complete the transaction.
2. Payment to the Seller shall be made only after receipt of the final assay report issued by the Buyer's designated refinery.
3. Payment shall be made in United States Dollars (USD) via SWIFT MT103 to the Seller's designated bank account, as provided in writing.
4. Ownership and legal title to the commodity shall transfer to the Buyer only after the Seller has confirmed receipt of full payment.
5. Following the successful completion of an initial trial tranche of not less than 50 kilograms, GMGT will issue one of the following financial instruments for subsequent shipments, if required:
   • Blocked Funds confirmation; or
   • Documentary Letter of Credit (DLC).
6. The Buyer shall be responsible for customs clearance of the shipment in Dubai and for arranging secure transportation by Ferrari Group to the Buyer's designated refinery.
7. The Buyer shall bear all costs associated with assay testing at the Buyer's designated refinery.

We look forward to receiving your documentation, completing our review, and proceeding toward a successful transaction.