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Directors: GT Michaelides, D.Pienaar RockBed Holdings (Pty) Ltd, Reg: 2015/275296/07 76 Olive Crest , Quorn Drive, Northridng , 2162
Tel: 27 (0) 84 400 0096 | Fax: 27 (0) 86 534 2076 | email: [email protected]
16 December 2015 Offer to Purchase Rockbed (Rockbed) has full interest in purchasing and entering into an SPA (Sale Purchase agreement) with the SELLER , represented by Jerome Campbell The agreement is concerned with the potential purchase of Chrome Concentrate as per Assyed report by IMEC Laboratories Rockbed Holdings agrees to purchase Chrome Concentrate subject to the following conditions: -‐
Ø Total 20 000 (twenty thousand) dry metric tons over 6 months with rollovers and extensions with an initial spot transaction of 524 (Five hundred and twenty four) metric tons
Ø For the Initial Purchase of the Spot deal, 524 (Five hundred and twenty four) metric tons will be immediately paid, after the assay report has been done by us at Ex warehouse City deep
Ø Proof of ownership to be supplied, Subject to the above conditions being met, RockBed agrees to negotiate in good faith to purchase Total 20 000 (twenty thousand) dry metric tons over 6 months with rollovers and extensions with an initial spot transaction of 524 (Five hundred and twenty four) metric tons The representative of the Chrome and the Seller agrees to sell to Rockbed subject to the following: -‐:
Ø Total 20 000 (twenty thousand) dry metric tons over 6 months with rollovers and extensions with an initial spot transaction of 524 (Five hundred and twenty four) metric tons
Ø For the Initial Purchase of the Spot deal, 524 (Five hundred and twenty four) metric tons will be immediately paid, after the assay report has been done by us at Ex warehouse City deep
Ø Proof of ownership to be supplied,
Offer to Purchase Subject to completion of its Lab report, and its conclusion being positive, Rockbed proposes to the seller, along the lines listed below; The Offer will comprise the following,
1. From Trade Core Premises at R810.00 per ton (eight hundred and ten rands only) for LAB ID IM11592 – Concentrate 43.98 / Cr-‐Fe 1.34
Our offer is purely based on the technical information you have provided.
Sincerely, George T Michedelides