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*************************** PURCHASE AND SALE CONTRACT. NO.: *************. PAGE 1/ NUMPAGES 5 PAGE PAGE 1 ****************** PURCHASE AND SALE CONTRACT Contract No.: ************** This PURCHASE AND SALE CONTRACT made on May 15, 2009 in BETWEEN BUYER： ******** Add.: ******* Tel: ****** Fax: ****** AND SELLER： ************* Add.: ************* Tel: ***** Fax: ******* The BUYER is desirous of buying all such molybdenum concentrate from the SELLER. The BUYER confirmed the purchase of the contracted amount from the SELLER in this contract. And where as the BUYER, is desirous of purchasing all such molybdenum concentrate offered by the SELLER. The SELLER is willing to give all his productions and sales in this contract to the BUYER. THE SELLER AND THE BUYER HEREBY AGREE AS FOLLOWS DEFINITIONS Unless specifically stated the following terms in this contract shall refer to and will have the following meaning: Goods shall mean molybdenum concentrate; DMT shall mean dry metric ton; MMT shall mean metal metric ton; MTU shall mean metric ton unit; Metric Ton shall mean a ton of 1,000 kilograms or 2,204.62 pounds avoirdupois wet or dry basis as stated; PPM shall mean part per million or 1 gram per Metric Ton. Inspectorate shall mean independent inspectorate as CGL (Central Geological Laboratory, Mongolia) and/or its correspondenc; CIQ (China Entry-Exit Inspection and Quarantine Association) and/or its correspondence, CCIC[China Certification Inspection (Group)Co., LTD] and/or its correspondence, or any independent inspectorate accepted by both parties; T/T shall mean Telegraphic Transfer; $ or dollar or cent shall mean dollars and cents of the United States of America official currency ; DAF shall mean delivered at frontier as per Incoterms 2000. GOODS 1) Name of goods ****** 2) Specification ******* Goods should not contain radioactive element and other harmful impurities. 3) Weight ******* 4) Price (packing charges included) USD