Payment Allocation:
Both the buyer and the seller agree that it is buyer’s duty to pay and distribute the payment and commission as follows:
a) 65% of 86% LBMA prices is paid to the seller by the buyer.
b) 35% of 86% LBMA prices is paid to the seller mandate George Lu as his own investment which has nothing to do with the buyer and the seller
c) 2% of LBMA prices is paid to the George Lu as the deal coordinator as the commission by the buyer
d) 1% of LBMA prices is paid to the buyer mandate by the buyer as the commission
e) 1% of LBMA prices is paid to the buyer brokers but with one paymaster by the buyer as the commission
All above payments and commissions are paid by MT103 in US Dollars by the buyer at the same date/time when paying 65% of 86% LBMA to the seller.
If buyer accepts our terms and procedures on the Contract, kindly push the buyer to have the Contract signed back urgently.
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