Disclosure

Please read these disclosures before signing your invoice from Endeavor Metals Group L.L.C.

Per your signed invoice from Endeavor Metals Group L.L.C. this Agreement is entered into between Endeavor Metals Group, L.L.C. (referred to as Endeavor, E.M.G. or “we”), and Client(s) (referred to as purchaser or “you”) regarding the sale and purchase of precious metals, independently graded or non-graded coins and other products which Endeavor Metals Group, L.L.C. currently offers or may offer in the future. This Agreement applies to all transactions between Endeavor and Client(s).

 

Placing An Order

1. Orders may be placed via telephone or in person. Details of the order will be confirmed in a tape- recorded conversation with Client for accuracy, price, quantity, method of payment, and other material terms of the order. An outline of Endeavor’s disclosures will also be tape recorded. With the limited exception as stated below, all sales, regardless of payment type are final and not subject to exchange or refund.

2. Client must pay for order via check, credit card or wire transfer in the amount sufficient to cover the purchase within three (3) calendar days of Endeavor’s receipt of signed Account Agreement. Checks should be made out to Endeavor Metals Group, L.L.C. Personal checks may take up to twelve (12) business days to clear.

3. Endeavor Metals Group will send a written trade confirmation of each order. For second and subsequent orders, the Trade Confirmation shall serve as an Addendum to any invoice, and provide detailed information to the order and Client’s rights. Clients will have seven (7) business days from the date of the written trade confirmation to report any inaccuracies or discrepancies in the order to Endeavor’s Service Department or to an Account Representative.  If the Client does not report inaccuracies or discrepancies regarding the written trade confirmation within this time period, Client waives any objections Client may have.

4. Once Endeavor receives a completed, signed invoice and any other required addendum that may be required from Client is received, a written confirmation stating details of the order and Client’s rights will be sent to Client and the order will be finalized with Endeavor.

5. Endeavor will send the trade confirmation(s) and/or order by either regular U.S. mail,  E-mail or another reputable, nationally recognized delivery service to the respective Client address on file with Endeavor, unless Client specifies in writing prior to the order. It is the Client’s responsibility to immediately notify Endeavor of any change of address. Endeavor does not take responsibility for shipments sent to an incorrect address. Existing Client’s must provide updated information immediately of a change of address or contact information.

Delivery and Storage

1. Upon receipt of good funds, Endeavor will deliver the Client’s order to the shipping address on file with Endeavor within twenty-eight (28) calendar days (or less depending on the requirements of the Client’s state of residence as stated below).  All deliveries are sent via a method which can be tracked. A physical signature is required in order for delivery.

2. Shipping and handling fees may be charged by Endeavor, including a fee for shipments to third party IRA Custodian. Any such fees will be disclosed at the time the order is placed.

3. All packages shipped to the Client are insured. Endeavor may self- insure shipment. If a shipment is lost or damaged during transit to Client’s shipping address, we may or may not replace the items or refund Client’s purchase price. Until shipment has been delivered to the Client, Endeavor bears the risk of loss. If  the product(s) shipped are delivered defected, Client has seven (7)calendar days from date delivered to make a claim by contacting an Endeavor’s Service Representative. Client must retain all original packing materials intact and Client must fully cooperate with Endeavor to disclose all information regarding such claim. After seven (7) calendar days of delivery, Client waives all rights to make claim for defect or loss with Endeavor.

4. If Client should fail to perform to accept delivery of the precious metals ordered or fails to make payment when payment is due, Endeavor shall, at its sole discretion, cancel the transaction and resell the product on a wholesale basis. If  such sale should result in a sale of a lesser amount than agreed to per contract with the Client, Endeavor shall be entitled to recover the difference between the resale price and the price of the product sold to the Client, plus any incidental fees that may result from the Client’s breach in contract. In the event the resale price is greater than the Client’s contract price, Endeavor shall be entitled to keep the excess amount to cover Endeavor’s incidental damages.

5. Client may opt to have Endeavor store precious metals, coins or numismatic/collectible coins with independent depositories. Endeavor will deliver the product(s) to the storage facility within twenty-eight (28) calendar days of receipt (unless state requirement differs) of good funds.  Unless written request is made by Client prior to shipment, Client’s precious metals and/or coins are stored on a non-segregated, bulk basis. Client is not entitled to receive any specific product (i.e. Client will not be entitled to receive a specific coin and/or precious metal item). Client is entitled to item(s) same quality, type and grade as specified on trade confirmation. Endeavor reserves the right to choose the independent depository and may change the depository without prior notice to Client. Storage may not be available to Clients who reside in certain states.

6. Storage fees are charged at the time the Client sells the product(s) stored and must be paid in full by Client. Storage charges are subject to change upon thirty (30) calendar day notice to Client.

7. Endeavor or the depository will insure against loss or damage of item(s) . Client agrees Endeavor cannot be held liable for any loss or damage exceeding Endeavor’s bid price of such item(s) and is limited to such coverage as determined by insurer.

8. At Client’s written request, Endeavor will ship stored metals within seven (7) business days of Client’s request for delivery and payment of shipping charges and conversion fees, if applicable. (This delivery period may be extended based upon market conditions.) Stored silver and gold bullion are subject to conversion fees to convert the unallocated bullion into deliverable bars, rounds or coins (coin and bar types are subject to existing inventory). Requested bar types and sizes are subject to availability. The fees for converting the product into a deliverable form is the difference between the stored bullion’s total current bid price and the deliverable product’s total current ask price. For example, if the stored bullion’s total current bid price equals $5,000 and the total current ask price of the deliverable bars equals $5,500.00, the conversion fee equals $500.

9. Client will not grant or permit to exist any lien, security interest or encumbrance of any kind by a third party on stored precious metals or coins. Client acknowledges that the ownership of precious metals or coins is non-negotiable and can be transferred only on Endeavor’s balance sheets. Any assignment or transfer of stored metals and coins must comply with Endeavor’s procedures regarding the transfer of accounts and applicable law.

Remitting Payment and Security Agreement

1. Client agrees to pay for all precious metals, coins, other items ordered, delivery charges, storage charges and other services, taxes such as sales tax associated with the product(s) or delivery, assessments or other charges imposed by a government, now or in the future, concerning any and all orders covered by this Agreement.

2. If Endeavor does not receive payment in good funds for initial or subsequent order of precious metals, coins, other numismatic/collectible or other items within three (3) calendar days of Endeavor’s receipt of signed invoice, Endeavor may charge Client for any loss Endeavor may incur.  Endeavor reserves the right to dispose of the metals, coins, other numismatic/collectible or other items for Client’s account at their discretion without notice, unless required by law.

3. Client agrees any and all amounts owed under this agreement shall constitute a lien and security interest in Client’s property and funds in Endeavor’s possession, storage through Endeavor, or in Endeavor’s control as collateral, now or in the future. If additional documentation is required to secure such lien and security interest, Client agrees to sign required document(s).

Liquidations

1. If Client does not pay for first or subsequent purchases within three (3) calendar days of Endeavor’s receipt of signed invoice, Endeavor reserves the right to sell any or all item(s) to offset the cost, as permitted by law, however Endeavor chooses.  If such sale should result in a lower buy back price, the Client will be liable for the difference.

2. By law, Endeavor cannot guarantee to repurchase and items sold by Endeavor. Endeavor will not guarantee to repurchase any precious metals, coins or numismatic/collectible coins, or other items it sells at any time. Endeavor will not guarantee to repurchase any items at the price that the Client paid, due to market conditions and other factors such as mark-downs, mark-ups, supply, demand and quality, especially as it relates to coins or other numismatic/collectible items. The price that Endeavor may be willing to purchase items for, may vary substantially from the original purchase price. Additionally, Endeavor’s liquidation policy is subject to change without notice or conditions, unless as applicable by governing law.

3. If Client wishes to sell items such as precious metals, coins or numismatic/collectible coins originally acquired from Endeavor, and Endeavor agrees to purchase the items, the purchase will be made at the current liquidation price. Endeavor will charge a 5% liquidation fee based on the liquidation price. Prior to liquidation,  Endeavor will provide an estimated quote to the Client based upon the Client’s verbal description of the items to be liquidated. The Client must then ship the items to Endeavor at the Client’s own expense and risk, so that Endeavor may inspect the for quantity and quality prior to liquidation. If, and only if Endeavor agrees to purchase,  Client will then receive a quoted purchase price in a recorded telephone conversation or in writing and payment will be sent to Client’s address on record via company check within five (5) business days. If Endeavor does not agree to purchase items or Client does not agree to sell, the item(s) will be returned to the Client and all fees associated for inspection, delivery and other pertinent fees used to evaluate items will be paid by Client.

4. Endeavor reserves the right to purchase precious metals, coins or numismatic/collectible coins from Clients that were not originally purchased from Endeavor, at Endeavor’s sole discretion. Client must contact an Endeavor Account Representative to provide detailed, verbal information regarding the items Client would like to sell to Endeavor. If Endeavor agrees to provide an estimated quote to purchase items, the Client must then ship the items to Endeavor, at the Client’s own expense and risk. The items will be inspected for quantity and quality prior to purchase. Cost to inspect items will be at  Client’s own expense and risk. The Client will receive a quoted purchase price in a recorded telephone conversation or in writing if, and only if Endeavor agrees to purchase items. If Endeavor does not agree to purchase items or Client does not agree to sell, the item(s) will be returned to the Client and all fees associated for inspection, delivery and other pertinent fees used to evaluate items will be paid by Client.

Refunds/Returns

ALL SALES ARE FINAL. This means Precious Metal orders cannot be partially or fully refunded or replaced. Clients ordering for the first time with Endeavor are permitted to cancel their order within seven (7) calendar days from the date of order. All requests to cancel must be confirmed via written request. All notices of cancellation must be provided no later than the last day of the refund period. Second and subsequent orders are final upon signed confirmation and are not subject to cancellation. Questions regarding notice of cancellations may be addressed by speaking directly with an Accounting Representative at (855)753-3575 or via U.S. Mail to Endeavor Metals Group, LLC, at 324 Datura Street, Suite 207, West Palm Beach, FL 33401 or via fax to (561) 671-4638.

Confidentiality and Authorization

1. Client agrees that whether the Client places a call to Endeavor or Endeavor places a call to the Client, telephone calls will be tape recorded and/or monitored, yet not all telephone lines or calls are recorded and Endeavor does not guarantee that any recordings of any particular telephone calls will be retained or be capable of being retrieved. Client also consents to tape recording/ monitoring of Client’s telephone conversations with any of Endeavor representatives and authorized outside third-party affiliates.  Client acknowledges that the Client does not have a reasonable expectation of privacy during any of the Client’s telephone conversations with any Endeavor representative.  Client further understands and agrees, with respect to the potential monitoring and/or recording of all of Client’s telephone calls, that the Client expressly waives the right to claim at any time that any conversations between the Client and any Endeavor representative are or were confidential. Endeavor does not consent to the recording of telephone conversations by the Client or any third party unless explicitly stated. This agreement shall serve as consent to such without further notice to Client.

2. Client (or Client’s authorized representative for Client’s other than an individual) states that the Client is capable and of  legal age to enter into this Agreement. Client authorizes Endeavor to follow the instructions of any signer without notice to or consent from others or any non-signer if this Agreement is signed by or on behalf of more than one person. This also applies to an owner by virtue of a community property interest or other operation of law.  In the event Endeavor receives instructions from a signer differing from another authorized signer of the same account, Endeavor will follow the first instruction received.  If a signer becomes incompetent or is incapacitated, this Agreement shall survive and Endeavor may rely on instructions of any other signer of legal age and capacity to act on the signors behalf. Client will notify Endeavor promptly of the death of any signer by providing a certified death certificate in order for Endeavor to treat the account balance as belonging solely to the estate or lawful heirs as determined by the respective laws. The decedent’s estate will remain fully liable for all obligations incurred up to the date of death. The decedent’s estate shall be liable for all obligations incurred thereafter. Furthermore, Client agrees to provide any additional consent and information required to make a determination regarding Client’s account. The standing of the decedent’s account shall be at the sole discretion of Endeavor. Client agrees to hold Endeavor harmless and protect Endeavor against any loss, liability, cost or expense, including reasonable attorneys’ fees, resulting from any action taken by Endeavor in the above referenced matter.

Accountability Regarding Guarantees/Warranties

Endeavor is not a grading service. Client agrees Endeavor will not be held accountable for any variation of grading or quality of coins being sold. Endeavor guarantees the precious metals, coins, and numismatic/ collectible coins it sells are authentic. Endeavor relies upon the opinions of  grading services such as American Numismatic Association Certification Service “A.N.A.C.S.” and Numismatic Guaranty Corporations (“N.G.C”) and/or Endeavor’s grading standards. Endeavor does not guarantee that the coins it sells will achieve the same grades from A.N.A.C.S., N.G.C., or any other grading service in the future. Grading is a subjective determination and  may vary from dealer to dealer and/or over time. Endeavor does not claim any product it sells is or will be suitable quality for buying, using and/or selling for any specific purpose. Client also agrees that no guarantees or warranties of any kind, including future value have been made by Endeavor regarding any precious metals, coins or numismatic/collectible coins it sells. Client expressly agrees Endeavor has not made any guarantees or warranties regarding items being purchased.

IRA’s

1. Endeavor suggests Clients do not invest more than 5%-20% of their retirement assets/portfolio in precious metals.  Client is solely responsible for determining the proper percentage of precious metals acquired in an IRA or portfolio and will notify Endeavor in writing, if he or she intends to invest more than 20% of his or her retirement assets/portfolio prior to finalizing any order. Endeavor recommends Clients to consult with his or her financial or tax advisor should he or she have any questions regarding purchasing precious metals and placing into their IRA account, as Endeavor representatives are not tax or financial advisors and are not authorized to provide tax or financial advice. Additionally, tax laws are complex and can change at any time, therefore any risk should be evaluated independently prior to entering into an Agreement with Endeavor.

2. Some bullion coins and bullion bars may be held in an IRA (Individual Retirement Account). Client acknowledges there is a spread/ price differential of 25% for all such bullion coins and bullion bars. Client also understands numismatic and collectible coins carry a spread of 33.333% and their value can increase or decrease by factors by other than the price of metals.

3. Endeavor is not affiliated with any of the companies Endeavor may provide trustee and custodian services information or services for regarding IRA accounts. Client agrees to be fully and independently responsible for selecting an IRA company suitable for the Client. Endeavor shall have no liability or responsibility for any loss or damage that may result from his or her transaction with that or any other IRA service company.

Spread and Price Differential

1. Price differential or “spread” is the difference between Endeavor’s selling price (the “ask” price) and Endeavor’s buyback price (the “bid” price).  The “bid” price is the amount Endeavor pays to Clients for a coin. Endeavor’s “ask” price is the amount Endeavor charges Clients for a product.  Spread is calculated by subtracting the bid price from the ask price and then dividing the difference by the ask price. (Ask price – Bid price/Ask price).

Example: Endeavor’s ask (or selling) price is $300 for a coin, and Endeavor’s bid (or buyback) price is $200 for the same coin. The spread for this coin is 33.333%.

In this example, the bid price would have to appreciate $100 or 50% in order to break even. This does not take liquidation fees and other costs into consideration. Endeavor’s current minimum liquidation/buy/sell price is $25 per transaction.

Endeavor’s spread on one ounce bullion coins, and bullion bars is 25%.  The bid price of a coin or bar with a 25% spread must increase approximately 25% before breaking even. This does not take liquidation fees and other costs into consideration. All other bars and coins have a current spread of 33.333%. The bid price of a coin or bar with a 33.333% spread must increase approximately 50% before breaking even. This does not take liquidation fees and other costs into consideration. This paragraph states Endeavor’s current spreads and percentages and is subject to change. If Endeavor’s spread or the percentage that a bid price must increase for the coin or bar to break even differs from these stated amounts, Endeavor will disclose the difference(s) at the time Client is placing an order.

2. In general, coins have a premium above their precious metal value. Bullion coins usually have the lowest premiums and numismatic and collectible coins have higher premiums.  Premiums may increase or decrease based upon current market conditions such as supply and demand.  Changes in premium may affect a coin’s pricing beyond changes in spot prices. Pricing is based on many factors including Endeavor’s overhead and other factors. Endeavor cannot control or guarantee a coin can be sold at the original purchase price or a greater amount in the future.

Forecasting For Investors and Aspects to Consider

1. Endeavor cannot provide any forecast or prediction regarding increase or decrease in the value of any purchase of precious metals, coins or numismatic/collectible coins. Client understands that investment in precious metals, coins and other numismatic/collectible items is speculative, volatile and can be unpredictable due to prices rising and falling over time. In order for profit to be made, prices must be greater than the spread and costs, as stated in the preceding section. Client should consider all risks and benefits of profit or loss before making an investment.

2. Endeavor representatives  may discuss the general direction of various financial markets, but are not licensed to make any claims regarding the market moving upward or downward. Endeavor representatives are not investment or tax advisors and may receive compensation from Endeavor when selling precious metals, coins or numismatic/collectible coins. Compensation for products with the largest spread is greater with the lowest compensation being paid on products with smaller spread. Endeavor suggests that the Client must consult with an expert in the specific market for the respective product before making a decision to buy or sell or any matters regarding investments. Additionally, Endeavor does not sell any precious metals or numismatic product which is exempt from applicable governed taxes. All factors must be taken into consideration prior to making an investment.

3. Endeavor suggests Clients do not invest more than 5%-20% of their assets or portfolio in precious metals.  Client is required to notify Endeavor’s Compliance Department or an Account Representative in writing if the Client chooses to invest more than 20% of his or her assets or portfolio in precious metals, coins or numismatic/collectible coins. Endeavor bears no responsibility regarding the improvement or depreciation of a Client’s assets or portfolio. It is the Client’s responsibility to independently determine how much of their assets or portfolio is appropriate for him or her, based upon the Client’s individual circumstances. Client must consider the fact that their financial means may differ from another individual with the same financial means. Therefore, Client must determine his or her ability to understand the terms of the Agreement and the financial commitments to be made by entering into such Agreement.

4. Other dealers may term, grade or classify coins differently than Endeavor. Endeavor generally classifies coins as bullion, semi-numismatic, numismatic and collectible coins. Bullion may come in bar or coin form. Some coins may fall within more than one category depending on their specific grade or condition. Numismatics are coins whose value is principally based upon such factors as condition, grade, scarcity and demand, rather than their precious metal content. Semi-numismatics and collectible coins are coins that contain precious metals that generally move up and down with the spot price of the precious metal, but also contain additional value above their precious metal content. There is a premium for these coins based upon such factors as supply and demand. Its value is principally based upon its precious metal content plus the cost of production. The value of a bullion bar or coin rises and falls with the price of the precious metal. There are a number of objective and subjective factors, including the age of the Precious Metal, its condition, the number of known copies, the likelihood of additional minting, the originating country, relevant historical events or owners (e.g., shipwreck; royalty), relevance to the formation of various Precious Metal collections, and an investor’s personal attraction to the piece.  A classification of Precious Metals is only an opinion and may change over time (e.g., if additional quantities of the Precious Metal are discovered). Factors regarding the value of the specific product Client is purchasing must be considered and Client should refer to an independent expert in said product before entering into the Agreement.

Consent To Call/Do Not Call

Client agrees that by entering into this Agreement, Client hereby authorizes Endeavor to telephone you at telephone number(s) provided in this Agreement, irrespective of whether Clients telephone number(s) appear in the “National Do Not Call Registry.” 16 CFR§310.4(b)(1)(iii)(B)(i) and (ii). In the event you do not want to be contacted via telephone, notify Endeavor and we will immediately place your telephone number on our “Do Not Call” list.

Other Terms And Conditions

1. This Agreement supersedes all prior agreements between Endeavor and Client. This is the entire agreement between Endeavor and Client and there are no representations, written, oral or implied, other than those herein. This Agreement cannot be transferred or assigned to any other individual or entity, with the exception of  Client’s personal representatives, beneficiaries, executors, successors and assigns as applicable and set forth within this Agreement (See paragraph “Confidentiality and Authorization”). Assignment of this Agreement will be deemed null and void.

2. Endeavor shall not be liable for any loss, delay or failure to perform due to circumstances beyond Endeavor’s respective, reasonable control. This includes, but is not limited to Acts of God, terrorism, earthquake, flood, embargo, riot, war, government restrictions or seizure, change in market conditions, revolutions, failure of Internet or Endeavor’s internal computer systems and/or any other cause beyond Endeavor ‘s reasonable control.

3.In the event Endeavor does not exercise Endeavor’s rights in one or more instance, Endeavor’s actions  will hold no bearing on exercising Endeavor’s rights at a later time, nor should Endeavor’s actions be deemed as a waiver to this Agreement.

4. Should any term of this Agreement become inconsistent with applicable law, such term will be modified in accordance with such law or removed from the Agreement. All other terms shall remain in effect. time, nor should this action be deemed as a waiver.

This Account Agreement is intended by Endeavor and Client as a final expression of their agreement concerning the matters set forth herein, and is also intended as a complete and exclusive statement of the terms of their agreement.

Credit Options

World Spot Prices

GOLD

Bid 1,256.82 Ask 1,257.82 Change 0.4%
4.98

SILVER

Bid 16.72 Ask 16.82 Change 0.71%
0.12

PLATINUM

Bid 931.22 Ask 936.22 Change 0.22%
2.04
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Live Gold Price

Silver

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Platinum

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