Purchase Order Agreement between Molycorp Minerals, LLC and Quinn Process Equipment Co. (Project Phoenix)

Summary

Molycorp Minerals, LLC has issued a purchase order to Quinn Process Equipment Co. for the supply of various equipment, including circuits, flanged connection troughs, and lugs, for Project Phoenix. The total contract value is $21,437,653. Payment terms require 10% upfront, 84% in monthly installments over 14 months, and the final 6% upon notification of readiness to ship. The agreement outlines delivery, billing, and contact details, with equipment due in March 2012. Both parties have agreed to the specified terms and conditions.

EX-10.10 2 d78447exv10w10.htm EX-10.10 exv10w10
Exhibit 10.10

 
0002 — MOLYCORP MINERALS, LLC
HC1 BOX 224
MOUNTAIN PASS, CA 92366
760 ###-###-####
PURCHASE ORDER
         
PURCHASE ORDER NO
    E00010  
ORDER DATE
    12/15/2010  
VERSION NO
    0000  


                 
                 
 
TERMS
    F.O.B.     DELIVER TO  
 
NET TERMS: 45 Days
    SEE DETAILS ON P.O.     EICHLEAY WAREHOUSE  
                 
 
SUPPLIER
    PURCHASING OFFICER     RECEIVING  
 
QUINN PROCESS EQUIPMENT CO.
    NAME: SILVEY, DEBI     PROJECT PHOENIX  
 
3400 BRIGHTON BLVD.
    PHONE: 925 ###-###-####     67720 BAILEY ROAD  
 
DENVER, CO 80216
    FAX: 925 ###-###-####     MOUNTAIN PASS, CA 92366  
 
 
    EMAIL: ***@***     Contact: Curtis Eggleston  
 
 
                           ###-###-####  
 
 
             
 
CONTACT: RICHARD (RICK) QUINN
          BILL TO  
 
PHONE: 303 ###-###-####
          0002- MOLYCORP MINERALS, LLC  
 
FAX: + ###-###-####
          ATTN: Eichleay Engineers  
                 
 
TERMS AND CONDITIONS AS AGREED UPON BY MOLYCORP MINERALS, LLC
    Accounts Payable  
 
AND QUINN PROCESS EQUIPMENT
          1390 Willow Pass Road, Suite 600  
 
 
          Concord, CA 94520  
                 
 
Payment Terms: 10% DUE WITH ORDER
           
                 
 
6% DUE ON THE FIRST OF EACH MONTH FOLLOWING FOR 14 MONTHS
       
                 
 
(TOTAL of 84%)
             
                 
 
6% DUE UPON NOTIFICATION OF READINESS TO SHIP
       
                 
                                               
 
  LINE     QTY     UI     DESCRIPTION     ITEM PRICE     GROSS PRICE  
 
001
      2449313       UN     CIRCUIT 1
PURCHASE REQ: 003122/001
DUE DATE: 03/09/2012
 
      1.0000       2,449,313.00

0.00
 
 
002
      12183000       UN     CIRCUIT 2
PURCHASE REQ: 003122/002
DUE DATE: 03/08/2012
 
      1.0000       12,183,000.00

0.0
 
 
003
      5410161       UN     CIRCUIT 3
PURCHASE REQ: 003122/003
DUE DATE: 03/09/2012
 
      1.0000       5,410,161.00

0.00
 
 
004
      570847       UN     FLANGED CONNECTION TROUGHS
PURCHASE REQ: 003122/004
DUE DATE: 03/09/2012
 
      1.0000       570,847.00

0.00
 
 
005
      824532       UN     LUGS
PURCHASE REQ: 003122/005
DUE DATE: 03/09/2012
 
      1.0000       824,532.00

0.00
 
                                               
                              GRAND TOTAL       21,437,653.00    
 
MOLY00033-000-QUINN MIXERS AND SETTLERS
         
    SIGNATURE   /s/ Richard Quinn