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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
DING CHENG INVESTMENT LTD
PLOT NO 197A,KASUPE ROAD,LUSAKA WEST ,LUSAKA

Contract Number:
SAFAL/P/MANGANESE ORE/07/2023/4

Supplier's Ref/Order No:
SAFAL/P/MANGANESE ORE/07/2023/4

Dispatch Through:
Buyer Hired Trucks

Dated:
10 Jul 2023

Mode/Terms of Payment:
1Upon delivery at SAFAL plant and testing of the material.2 Grade less then 48% prorate deduction will be applied.

Destination:
SAFAL PLANT KANONA

Delivery Period:
IMMEDIATE

Other Reference(s):
MRT IS IN SAFAL ACCOUNT

Terms of Delivery

EX MINE MANSA LOADED ON TRUCKS

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

Specifications: SPECIFICATIONS REQUIREMENT- MN 48% MIN PHOSHPHORUS SHOULD BE LESS THAN 0.13%, SILICA SHOULD BE 8% MAX, FE AND AL203 % SHOULD BE LESS THAN 5%.
Size: 10-120MM(MIN 90%)
10 Jul 2023 20000 90 MT 1,800,000.00
VAT 16% 16 % 288,000.00
Total 20000 USD 2,088,000.00

E & O.E

Amount Chargable (in words)
US Dollar Two Million Eighty-eight Thousand

Remarks:
1 ALL TRUCKS SHOULD ACCOMPANY POLICE CLERANCE,COUNCIL RECEIPTS AND MINING LICENCE COPY. 2 DOCUMENTS CHARGES LIKE COUNCIL RECEIPTS,TRUCK LEVY TO BE BORNE BY SAFAL COMPANY. 3 SAFAL COMPANY WILL REIMBURSE DINNCHENG COMPANY MRT PAYMENT AFTER RECEIVING THE THE MRT RETURN ACKNOWLEDGEMENT RECEIPT AND PAYMENT RECEIPT FROM DINCHENG COMPANY.

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Authorised Signature