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BookingNote

QUANTITYANDQUALITY

5000wetmetrictons+/-10%inSeller’soptionexpectedtoassayapproximatelyasfollows:

Element

Assay

CIQRejectionLevel

Cu%

22-30

Pb%

<6

6

Zn%

5–10

Aug/t

0.5-2

Agg/t

300-600

S%

28-33

As%

0.2-0.5

0.5

Bippm

100-300

Fe%

25–30

Coppm

<25

Cdppm

300-500

500

Sb%

0.1-0.3

Snppm

<50

Hgppm

10-15

100

Seppm

<20

Teppm

<100

Fppm

200-600

1,000

Clppm

200-500

Al%

0.1–0.2

Ca%

–0.2

Mg%

0.2-1

Si%

0.5-2

Mnppm

<200

SHIPMENT

Thecopperconcentrateshallbeshippedin.

Shipmentisscheduledfor,subjecttosuitablevesselavailability.

IfafullyworkableletterofcreditisnotreceivedbySeller’sbankasspecifiedin“Payment”belowSellershallhavetherightbutnottheobligationtodelayorsuspendperformanceofanyofitsobligationsunderthecontractand/orterminatethecontract.AnylossesarisingoutofBuyer’sfailuretoopenaworkableletterofcreditintimeshallbeforBuyer’saccount.

DELIVERY

CIF,China,asperIncoterms2000.

PRICE

Thepriceperdrymetrictonofconcentrateshallbethesumofthepaymentslessthedeductionsspecifiedbelow:

Copper

%ofthefinalcoppercontentoftheconcentrate,subjecttoaminimumdeductionofunits,attheofficialLondonMetalExchangecashsettlementquotationforGrade‘A’Copper,aspublishedintheMetalBulletininUS$andaveragedoverthequotationalperiod.

Silver

Deductgramsperdrymetrictonoftheconcentrateandpayfor%ofthebalanceofthefinalsilvercontentoftheconcentrateattheofficialLBMAspotquotationforsilver,aspublishedintheMetalBulletininUS$andaveragedoverthequotationalperiod.

Gold

Deductgramsperdrymetrictonoftheconcentrateandpayfor%ofthebalanceofthefinalgoldcontentoftheconcentrateatthemeanoftheofficialLBMAAM/PMquotationforgold,aspublishedintheMetalBulletininUS$andaveragedoverthequotationalperiod.

Deductions

TreatmentCharge

US$flatperdrymetrictonoftheconcentratedeliveredCIF,China.

RefiningCharges

Copper: US$perpayablepoundofcopper.

Silver: US$perpayableounceofsilver.

Gold: US$perpayableounceofgold.

QUOTATIONALPERIOD

TheSellerhastheoptiontopricebasisQPmonth.

payment

LetterofCredit

PaymentshallbemadebyBuyerinUS$underafullyworkableirrevocableletterofcredit,tobeopenedbyabankandinaformfullyacceptabletoSellercovering100%(onehundredpercent)ofthecargovaluebasedonSeller’sproformainvoicevalueandallowingatoleranceof+/-10%(plus/minustenpercent)inbothquantityand/oramount.

Theletterofcreditmustbeopenedlatestby.

ProvisionalPayment

90%(ninetypercent)oftheprovisionalinvoicevalueoftheconcentrate,basedonthebillofladingwetweight,provisionalmoisture,provisionalassaysandthemetalquotationsapplicableonthebillofladingdate,shallbepaidagainstthepresentationofthefollowingdocuments:

3/3original‘cleanonboard’CharterPartybillsoflading,madeouttoorder,blankendorsedandmarkedfreightpayableasperCharterParty;

Seller'sprovisionalinvoice;

Provisionalweightandmoisturecertificate;

Provisionalassaycertificate;

Insurancecertificate

FinalPayment

FinalpaymentshallbemadeundertheletterofcreditagainstpresentationofSeller’sfinalinvoice.

GENERALPROVISIONS

ThisbookingnoteandthecontractshallbegovernedbyandconstruedinaccordancewithEngli

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