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Purchase Contract

Invoice To
Southern Africa Ferro Alloys Ltd.
Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia

Dispatch To
Southern Africa Ferro Alloys Ltd.
Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia

Supplier
NDC Impex Ltd
Plot No. 1706, Low Density, Makumba Road, Mansa, Zambia.

Contract Number:
SAFAL/P/MN ORE/07.51/2020

Supplier's Ref/Order No:
SAFAL/P/MN ORE/07.51/2020

Dispatch Through:
Buyer hired trucks

Dated:
01 Jul 2020

Mode/Terms of Payment:
100% after dispatch and testing at SAFAL lab

Destination:
SAFAL, Kanona

Delivery Period:
July 2020

Other Reference(s):
Responsibility to ensure that Material is not illegally mined is always on account of supplier.

Terms of Delivery

Ex Yard Mansa.

Sr. No Description of Work Due Date Quantity Rate Unit Amount
1 Manganese Ore

Specifications: Mn - 48% Min.
Size: 10- 100 MM (80%Min) below 10MM -3% Max
01 Jul 2020 500 70 MT 35,000.00
VAT 0% 0 % 0.00
Total 500 USD 35,000.00

E & O.E

Amount Chargable (in words)
US Dollar Thirty-five Thousand

Remarks:
Mineral royalty $6.6/T will be paid by buyer against mineral royalty filing confirmation & subsequent payment receipt from ZRA.

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Authorised Signature