Sales contract CH8M301. (2008).

Recuperado de la base de datos de UESAN (035196)

Contract Number CH8M301

(In two identical counterparts)
Page 1 of 2

SALES CONTRACT CH8M301

On January 3rd, 2008 the below mentioned parties have concluded the present sales contract, upon the following terms and
conditions:
1. SELLER:

Corporacin Nacional del Cobre de Chile (also Codelco).

Hurfanos Street N 1.270, Santiago, Chile.
Phone: 56-2-6903000
Fax: 56-2-672-1473 or 56-2-6903059
E-mail: MolyContracts@codelco.cl

2. BUYER:

Wonful Resources Inc.

N4 Haifei Rd. Economic Development Zone,
Huludao, Liaoning 125001, P.R.China.
Telephone : 86 - 429 823 8502
Fax : 86 429 - 3183682
E-mail : jones@wonful.com

3. MATERIAL:

High Copper Molybdenum Concentrates as produced by Codelco-Chile, Codelco Norte

Division.

4. QUANTITY:

Approx. 55.2 MT of material of Molybdenum Concentrates as produced by Codelco-Chile,

Codelco Norte Division.

5. QUALITY:

Mo
48 % Min.
Cu
P
0.05 % Max.
Pb
Oil + Moisture 2.0 % Max.

6. PACKAGING:

In supersacks of 1.2 MT of material each on pallets for High Copper Mo Concs.

7. DELIVERY:

In bonded warehouse Tianjin, China. All duties, fees and expenses, if any, unpaid.

8. RELEASE:

Prompt after confirmation of payment received by Codelco-Chile.

9. PRICE:

Fixed at US$ 30.0/Lb.Mo.

10. PAYMENT:

Shall be made in U.S. Dollars for 100% of the invoice value prior to release against following
documents:
-

0.30
0.05

% Max.
% Max.

Copy of Codelcos Invoice

Copy of Certificate of Weight and Analysis issued by Codelco.
Copy of Certificate of Origin.
Provisional release

In case payment is not received within 7 working days after above documents are sent to Buyer,
Codelco will have the right to cancel the contract without any further obligation.
In case of delay of payment (latest 7 days after above documents are sent to Buyer), all
warehousing costs from due date onwards will be charged to the Buyer.
Payment to be made by cable transfer to the account N 36992021 Citibank N.A. New York, also
indicated by the Seller on the invoice. All banking fees and expenses are on Buyers account.
11. WEIGHTS AND
ASSAYS:

Weights and assay per lot as certificated by Codelco will be final for settlement. However, if
Buyer finds a difference more than 0.5% on weights and/or assay within a maximum period of
60 days after delivery date that could not be settled by both parties, an independent supervision
firm and/or an umpire assayer will be mutually agreed upon. Weighing results ascertained by the
independent supervisor shall be final for the lot. Analysis results informed by the assayer shall be
final for the lot, provided result lies within the analysis of the parties, otherwise the final result
shall be the middle of the three results. Cost of the supervisor and/or umpire assayer shall be
borne by the party whose weights and/or assays are furthest from those of the supervisor and/or
the umpires assayer, or be equally shared if the supervisors and/or umpires assayer result is the
exact mean of the parties results. Weighing and sampling operations shall be carried out under
the Procedure for the Weighing and Sampling of Technical Grade of Molybdenum Oxide and for
assaying of Technical Grade of Molybdenum Oxide, Guidelines from the International
Molybdenum Association.

Contract Number CH8M301

(In two identical counterparts)
Page 2 of 2

12. RETENTION
OF TITLE:

13. WARRANTY OF
EXISTENCE AND
AUTHORITY:

The Seller retains absolute legal ownership of its title to property of the goods sold under this
Contract until full payment of the corresponding invoice has been duly made by the Buyer to the
Seller and has been duly received and acknowledged by the Seller.

Where this Contract is signed by a person for and on behalf of a party, that party: (i) warrants that
(a) it is duly organized and validly existing under the laws of the jurisdiction of its organization
and incorporation and in good standing under such laws, (b) the person who signs this Contract is
the authorized agent of that party with express authority to enter into and signs this Contract for
and on behalf of that party, and thereby to bind that party to the obligations upon that party
contained in this Contract, and (c) its obligations under this Contract constitute its legal, valid and
binding obligations, enforceable in accordance with its terms; and (ii) acknowledges that the other
party to this Contract would not have entered to this Contract but for the warranties contained in
this clause. Except as otherwise specified herein, the Seller extends no representations or
warranties of any kind with respect to the Material, express or implied, and expressly disclaims
any warranties contained under Article 35 Section 2 of the United Nations Convention on
Contracts for the International Sale of Goods.

14. EXECUTION:

This Contract will only be effective if in writing, including writing evidenced by a facsimile
transmission, and executed by each if the parties, or confirmed by an exchange of electronic
messages on an electronic messaging system, and may be executed in any number of original
counterparts. All such counterparts shall constitute one and the same instrument. Counterparts
may be executed in faxed form and the parties shall accept any signatures received by a receiving
fax machine as original signatures of the parties.

15. AMENDMENTS:

Neither this Contract nor any term of it may be amended, supplemented or waived except by a
written instrument dated and signed by both parties, including writing evidenced by a facsimile
transmission or confirmed by an exchange of electronic messages on an electronic messaging
system. No waiver by either party of a failure by the other party to perform an obligation
hereunder shall extend to any future performance obligation.

16. HEADINGS:

The headings used in this Contract are for convenience of reference only and are not to affect the
construction of or to be taken into consideration for the purpose of its interpretation.

17. GENERAL
CONDITIONS:

This Contract includes and is subject to all the terms and conditions stated in an overleaf entitled
General Conditions. It is understood and agreed that should there be any contradiction between
the General Conditions and the provisions established in the above clauses, the latter shall
govern.
This Contract supersedes all prior arrangements among the parties, whether oral or written, and
constitutes the entire understanding between the parties concerning the subject of this Contract.

Signature:
For Buyer: WONFUL RESOURCES INC.
Name:
Position:

Signature:
For Seller: CODELCO
Name:
Position: