Common use of Minimum Price Clause in Contracts

Minimum Price. Value of Gold at Delivery: The delivery price of the Certified 99.99% Pure Gold will be the higher of (a) the minimum price of $1,900.00/oz. (“Minimum Gold Price”), or (b) the closing price per xxxx ounce as quoted on the New York Commodity Exchange (“COMEX”) for ticker symbol GC (“Gold Spot Price”) on the business day preceding the day each of the Gold Deposits as stated herein in Section 9. are deposited in a Trust approved financial institution’s vaulting facility. Gold-Ore Owner shall retain the surplus (gain) in the event the Gold Spot Price at delivery exceeds the $1,900.00/oz. Minimum Gold Price. It is anticipated Trust will utilize certain resources and strategies to protect the Minimum Gold Price of Gold-Ore Owner’s future Gold Deliveries including (A) estimated 610,300 tons of Pre-Recycled Gold Ore held in Trust, and (B) exchange-traded and over the counter (OTC) gold hedging products held in Trust (e.g., gold options, futures, and forward contracts). Gold-Ore Owner expressly and unconditionally agrees that Trust makes no assurance, warranty, or guarantee that Certified 99.99% Pure Gold and Gold Deliveries will be protected from declines below the Minimum Gold Price. Minimum Gold Price Protection Example: Certified 99.99% Pure Gold is anticipated to be delivered at the Minimum Gold Price of $1,900/oz. For example, if the Gold Spot Price at delivery declined to $1,500/oz., then Pre- Recycled Gold Ore held in Trust would be drawn down and refined to supply an additional .2667 oz. of Certified 99.99% Pure Gold for each 1.0 oz. of Certified 99.99% Pure Gold delivered to Gold-Ore Owner ($1,500 x .2667 = $400 + $1,500 = $1,900). It is anticipated that the estimated 610,300 tons of Pre-Recycled Gold Ore held in Trust can protect the $1,900/oz. Minimum Gold Price for the entire offering of 39,000 oz. of Certified 99.99% Pure Gold even if the Gold Spot Price at delivery declined to $200/oz. The built-in collateralized hedge holds even if the Gold Spot Price is only 10.5% of the Minimum Gold Price at gold delivery.

Minimum Price. Value of Gold at Delivery: The delivery price of the Certified 99.99% Pure Gold will be the higher of (a) the minimum price of $1,900.00/oz. (“Minimum Gold Price”), or (b) the closing price per xxxx ounce as quoted on the New York Commodity Exchange (“COMEX”) for ticker symbol GC (“Gold Spot Price”) on the business day preceding the day each of the Gold Deposits as stated herein in Section 9. are deposited in a Trust approved financial institution’s vaulting facility. Gold-Ore Owner shall retain the surplus (gain) in the event the Gold Spot Price at delivery exceeds the $1,900.00/oz. Minimum Gold Price. It is anticipated Trust will utilize certain resources and strategies to protect the Minimum Gold Price of Gold-Ore Owner’s future Gold Deliveries including (A) estimated 610,300 tons of Pre-Recycled Gold Ore held in Trust, and (B) exchange-traded and over the counter (OTC) gold hedging products held in Trust (e.g., gold options, futures, and forward contracts). Gold-Ore Owner expressly and unconditionally agrees that Trust makes no assurance, warranty, or guarantee that Certified 99.99% Pure Gold and Gold Deliveries will be protected from declines below the Minimum Gold Price. Minimum Gold Price Protection Example: Certified 99.99% Pure Gold is anticipated to be delivered at the Minimum Gold Price of $1,900/oz. For example, if the Gold Spot Price at delivery declined to $1,500/oz., then Pre- Recycled Gold Ore held in Trust would be drawn down and refined to supply an additional .2667 oz. of Certified 99.99% Pure Gold for each 1.0 oz. of Certified 99.99% Pure Gold delivered to Gold-Ore Owner ($1,500 x .2667 = $400 + $1,500 = $1,900). It is anticipated that the estimated 610,300 tons of Pre-Recycled Gold Ore held in Trust can protect the $1,900/oz. Minimum Gold Price for the entire offering of 39,000 oz. of Certified 99.99% Pure Gold even if the Gold Spot Price at delivery declined to $200/oz. The Meaning the built-in collateralized hedge holds even if the Gold Spot Price is only equal to 10.5% of the Minimum Gold Price at gold delivery.

Minimum Price. Value of Gold at Delivery: The delivery price of the Certified 99.99% Pure Gold will be the higher of (a) the minimum price of $1,900.00/oz. (“Minimum Gold Price”), or (b) the closing price per xxxx ounce as quoted on the New York Commodity Exchange (“COMEX”) for ticker symbol GC (“Gold Spot Price”) on the business day preceding the day each of the Gold Deposits as stated herein in Section 9. are deposited in a Trust approved financial institution’s secure, licensed, insured, and bonded vaulting facilityfacility located in Las Vegas, Nevada. Gold-Ore Owner shall retain the surplus (gain) in the event the Gold Spot Price at delivery exceeds the $1,900.00/oz. Minimum Gold Price. It is anticipated Trust will utilize certain resources and strategies to protect the Minimum Gold Price of Gold-Ore Owner’s future Gold Deliveries including (A) estimated 610,300 tons of Pre-Recycled Gold Ore held in Trust, and (B) exchange-traded and over the counter (OTC) gold hedging products held in Trust (e.g., gold options, futures, and forward contracts). Gold-Gold- Ore Owner expressly and unconditionally agrees that Trust makes no assurance, warranty, or guarantee that Certified 99.99% Pure Gold and Gold Deliveries will be protected from declines below the Minimum Gold Price. Minimum Gold Price Protection Example: Certified 99.99% Pure Gold is anticipated to be delivered at the Minimum Gold Price of $1,900/oz. For example, if the Gold Spot Price at delivery declined to $1,500/oz., then Pre- Recycled Gold Ore held in Trust would be drawn down and refined to supply an additional .2667 oz. of Certified 99.99% Pure Gold for each 1.0 oz. of Certified 99.99% Pure Gold delivered to Gold-Ore Owner ($1,500 x .2667 = $400 + $1,500 = $1,900). It is anticipated that the estimated 610,300 tons of Pre-Recycled Gold Ore held in Trust can protect the $1,900/oz. Minimum Gold Price for the entire offering of 39,000 oz. of Certified 99.99% Pure Gold even if the Gold Spot Price at delivery declined to $200/oz. The built-in collateralized hedge holds even if the Gold Spot Price is only 10.5% of the Minimum Gold Price at gold delivery.