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