the procedure

Red diamond

Gross price for the 228.31ct stone is US $42.024m
The requested net price for 228.31ct stone is US $40.8m.
We must also add our commission of 3% to this price, i.e. $1.224m

Upon confirmation of the interest we shall organise the filming of the recent video footage of the above mentioned stone, with the time-stamp and the Newspaper cover page in the background

You may send this letter to buyer legal representative, in order to fine tune all details related to this sale transaction of above mentioned stone.
Please, ask the buyer to confirm if the following procedure is acceptable?
In the case, if the following procedure is eventually not acceptable, we are open for his suggestions, and procedure modifications.

Before we eventually proceed, the following procedure should be accepted by the Seller and the Buyer.

1- Buyer will sign and seal manifest (i.e. this procedure) and provide a LOI including this procedure to the Seller.

2 - Seller will confirm this acceptance of the Buyer's LOI by sending to him the purchase agreement.

3.a - Buyer will sign and seal the purchase agreement with the procedure and return(send) to the buyer in less then 1 hour, signed document and the PROOF OF FUNDS POF.

3.b - The Seller will provide the number of SKR (Safe Keeping Receipt of Malca Amit, Geneve) and will reserve this parcel for the SPECIFIED Buyer or his legal representative for a period of 6 hours and within 48h after the confirmation that the Seller has received signed this agreement procedure from the Buyer.

4.a - Within a specified window-time of 6 hours, the buyer will transfer the funds of gross-total purchase price to the Notary in Trust bank account. The fund transfer in the Notary bank account is the total buyer's propriety until the section 9.

4.b - Consequently, the buyer will send an email to the seller to confirm the transfer is made. Buyer should consider the usual delay of fund transfer between two different banks and between different time zone.

Banking information.
There is a choice between two Notary’s bank in FRIBOURG, SWITZERLAND:
CREDIT SUISSE AG
Avenue de la Gare 13
CH-1701 Fribourg


OR

UBS AG
Place Saint-François 16
CH-1002 Lausanne
Avenue de Tivoli 3
1701 Fribourg

5 - Once the Notary, confirms the fund in his bank Account. Seller will reserve and block this parcel only for the Buyer until the transaction is done in less of 3 business days. Seller will issue an invitation letter to buyer to allow him to come at Malca-Amit Geneva office with his gemmologist for inspecting the parcels. During the open hour of Malca-Amit, the seller with his gemmologist can take all time they need to inspect the parcel.

6 - Buyer and Seller will confirm by Email, the date and time for the inspection at Malca-Amit Geneva.

7 – Buyer comes to the appointment at Malca-Amit Geneva for the inspection

8 - After successful inspection, the parcel will be kept in box locked, until the section 10.

9 – At Malca-Amit, Geneve the Notary will transfer the ownership to the buyer and release the net funds to the seller and commissions to the intermediaries/brokers, facilitators and advisers according to previously established PAY-ORDERS.

10- We will inform Malca-Amit about this sale, and release the parcel to Buyer. Buyer takes the parcel.

11 - The transaction is concluded.

E. This Agreement shall be enforced and construed in accordance with the Laws of Switzerland applicable therein, without regard to principles of conflicts of laws that would result in the application of the laws of any other jurisdiction.

NOTE: Upon acceptance of this procedure we will try to provide the recent video footage of the above mentioned stone, with the time-stamp and the Newspaper cover page in the background


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Precious Gems: Viewing Procedure and privacy clarification
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Due to the highly confidential nature of the business we discuss, and to respect the anonymity and privacy of our clients, there will be NO introduction between the potential buyer and the seller.

The buyer or his agent should provide a contact of the Law Office to be formally contacted and informed regarding the availability of this precious commodity, and regarding the sales procedure and relative viewing and sales conditions, with the gross and net price.

THE VIEWING will be ARRANGED ONLY AFTER THE LETTER OF INTENT LOI and PROOF OF FUNDS POF (or BCL) are ISSUED.
The seller mandator will provide to the buyer the Safe House location or the Bank for the viewing and password so that the buyer may verify existence of the stone with the safehouse, prior to travel and viewing appointment will be arranged.

We will also provide the information related to Escrow fiduciary account and Banking information which will be used for this transaction.
ALL payments will be performed through escrow account in prime bank, with upfront specified pay orders.

START
• the juridical representative of the seller in the transaction, will provide
the statement that the precious stone is available with gross&nett price and
formal viewing and inspection conditions
• Interested Buyer will produce a Letter of Intent (LOI) through a recognized law firm and will sign a NCNDA confidential agreement. If the buyer wants to proceed with the transaction, he will present an offer confirming availability of funds (POF) through a recognized law firm, i.e. his legal representative.
This will be submitted to the appointed escrow agent who will advise Seller of the same (we work with Julius Baer, UBS and Viamat safehouse).

• We will sign a commission agreement with the authorized buyer's agent. The commission will be included in the gross price.
• On reaching agreement to the offer the Seller will sign an exclusive mandate of sale and permit viewing and inspection
• After buyer’s satisfactory viewing/survey of the stone, the escrow account will be set up with prime bank,
• contracts between buyer and seller legal representatives will be arranged

• Buyer deposits the funds in a previously agreed escrow account

• Escrow Agent releases the funds in the escrow account to pay the seller as well as the intermediaries/brokers and advisor.