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***************************PURCHASEANDSALECONTRACTN O:*******************************PURCHASEANDSALECONT RACTContractNo:**************ThisPURCHASEANDSALECONT RACTmadeonMay,inBeijingcityBETWEENBUYER：********Add:*******Tel:******Fax:******ANDSELLER：*************Add:*************Tel:*****Fax:*******TheBUYERi sdesirousofbuyingallsuchmolybdenumconcentratefromtheSELLERTheB UYERconfirmedthepurchaseofthecontractedamountfromtheSELLERinthi scontractAndwhereastheBUYER,isdesirousofpurchasingallsuchmolybden umconcentrateofferedbytheSELLERTheSELLERiswillingtogiveallhispro ductionsandsalesinthiscontracttotheBUYERTHESELLERANDTHEBUY ERHEREBYAGREEASFOLLOWSDEFINITIONSUnlessspecificallystat edthefollowingtermsinthiscontractshallrefertoandwillhavethefollowingme aning:GoodsshallmeanmolybdenumconcentrateDMTshallmeandrymetrict onMMTshallmeanmetalmetrictonMTUshallmeanmetrictonunitMetricTon shallmeanatonof,kilogramsor,poundsavoirdupoiswetordrybasisasstatedPP MshallmeanpartpermillionorgramperMetricTonInspectorateshallmeanind ependentinspectorateasCGL(CentralGeologicalLaboratory,Mongolia)and oritscorrespondencCIQ(ChinaEntryExitInspectionandQuarantineAssociat ion)andoritscorrespondence,CCICChinaCertificationInspection(Group)C
o,LTDandoritscorrespondence,oranyindependentinspectorateacceptedbyb othpartiesTTshallmeanTelegraphicTransfer$ordollarorcentshallmeandolla rsandcentsoftheUnitedStatesofAmericaofficialcurrencyDAFshallmeandeli veredatfrontierasperIncotermsGOODS)Nameofgoods******)Specificatio n*******Goodsshouldnotcontainradioactiveelementandotherharmfulimp urities)Weight*******)Price(packingchargesincluded)USD*****DMT( USDOLLARSSEVENTHOUSANDFIVEHUNDRED)perDMTDAFErlia nhotonbasisofMowithpremiumpenaltyUSDperDMTforincreasedecreasein MoabovebelowMo,scalefractionprorata)RenegotiationaIftheMocontentisb eloworthegoodsisovertheimpurity,theBUYERhastherighttorejectaccepting thegoodsorthepricewillberenegotiatedbythetwopartiesbIftheBUYERreject sthegoodsaccordingtothereasonsmentionedabove,thenallchargeswillbetoS ELLER’saccountTOTALV ALUEUSD*******(USDollarssevenhundredandfiftyth ousand)TheexacttotalvalueshouldpaytheSELLERwillbedeterminedbythe MocontentaccordingtothecertificatefromCIQCCIC(China)INSURANCEI nsuranceuptothepointofdeliveryshallbetheresponsibilityoftheSELLERInsu ranceafterthepointofdeliveryshallbetheresponsibilityoftheBUYERPLACE ofshipment*********PLACEofDelivery*************SHIPMENTThe shipmentwillbeeffectedbefore*******PACKAGINGMTnetbagssealedinc ontainerThegoodsshouldbepackedsuitableforlongdistancelandtransportati onandforchangeofclimate,wellprotectedagainstmoistureandshocksSHIPPI