Common use of Automatic Resale of Gold Clause in Contracts

Automatic Resale of Gold. In the event Gold-Ore Owner elects to have all or part of its Certified 99.99% Pure Gold sold by the Contract Gold Processor via prearranged “automatic” resale transactions, the Gold Recycling Cost will be deducted directly from the Certified 99.99% Pure Gold gross sales proceeds prior to disbursement of cash (USD) proceeds to Gold-Ore Owner. Assuming automatic resale of Certified 99.99% Pure Gold, Gold-Ore Owner’s total cash requirement is equal to $200.00 for each oz. of Certified 99.99% Pure Gold purchased.

Automatic Resale of Gold. In the event Gold-Ore Owner elects to have all or part of its Certified 99.99% Pure Gold sold by the Contract Gold Processor via prearranged “automatic” resale transactions, the Gold Recycling Cost will be deducted directly from the Certified 99.99% Pure Gold gross sales proceeds prior to disbursement of cash (USD) proceeds to Gold-Ore Owner. Assuming automatic resale of Certified 99.99% Pure Gold, Gold-Ore Owner’s total cash requirement is equal to $200.00 200 for each oz. of Certified 99.99% Pure Gold purchased.