<p>
	The seller agrees that materials delivered to Pfane Scientific SRL are automatically rendered for processing and the Seller gives Pfane Scientific the right to begin processing immediately after delivery without notice. The seller is responsible for any sorting fees, granulation fees and a discharge fee of 1000 Euro if materials are requested for return, after Pfane Scientific has organized processing and refinement for the materials delivered.</p>
<h4>
	<strong>Delivery:</strong></h4>
<p>
	DAP to Pfane Scientific SRL by truck. In case of non-agreed delivery delays we reserve the right to cancel non fulfilled delivery quotas or the complete contract.</p>
<p>
	Unloading process takes place in Pfane Yard during working days from 7:00 to 14:00 on the date of arrival. Declaration of arrival time must be verified in email form at least one day before the delivery at email address: delivery@pfane.com</p>
<h4>
	<strong>Quotational period:</strong></h4>
<p>
	Base pricing is provided within 3 working days after delivery of materials to Pfane. The Sorted List will contain the Base price to be used on the Proforma Invoice.</p>
<h4>
	<strong>Materials Assay</strong></h4>
<p>
	Material samples after processing (in the case of high grade circuit boards or chips) will be made by 2 separate and independent laboratories. Final payment values will be determined as the median value between the 2 resulting assays. The assay&rsquo;s are completed within 35 days of delivery for circuit board materials. or 25 days in the case of granular material.</p>
<h4>
	<strong>Invoicing</strong></h4>
<p>
	Invoices should be made to Pfane Scientific SRL, 30j Strada Garii, Nusfalau, Romania, 457260. RO36023056. Environmental ID: Sj58 a proforma invoice should be delivered after receiving the Base pricing after sorting. Final invoice should be delivered after the assayed values have been delivered by pfane. This will automatically cancel the proforma invoice</p>
<h4>
	<strong>Payment</strong></h4>
<p>
	Full payment will be made by bank transfer to the sellers chosen bank account in their national currency. Bank conversion rates will be applied on the date of payment, Pfane Scientific is not responsible for the bank conversion rate being used. All funds will be converted from Euro to the sellers national legal currency.</p>
<p>
	Full payment is made within 30 working days for granulated materials, and within 45 working days for circuit board materials. A grace period of 4 days is agreed to due to international holidays or natural disasters.</p>
<h3>
	PROCESSING / REFINING FEES / PAYMENTS</h3>
<p>
	Circuit Board / Component Specific Fees</p>
<p>
	<strong>Offloading and Sorting Fee</strong></p>
<p>
	20 Euro per ton / Not applied to contracts</p>
<p>
	<strong>Fiber Extraction, Treatment, Disposal Fee</strong></p>
<p>
	Class 1 - 190 Euro/t collected for post 2002 electronics</p>
<p>
	Class 2 - 260 Euro/t collected for pre 2002 electronics. (contains bromine)</p>
<p>
	<strong>Granulation Processing fees.(Deducted after refining)</strong></p>
<p>
	&gt;30% Mixed Metals = 244 Euro per ton.</p>
<p>
	10% to 29% Mixed Metals = 310 Euro per ton</p>
<p>
	&lt; 10% Mixed Metals = 360 Euro per ton.</p>
<p>
	<strong>Fine grinding / deironization (components) (60 micron)</strong></p>
<p>
	190 Euro /kg</p>
<p>
	Minimum required 50kg</p>
<p>
	Loss Deduction 5%</p>
<p>
	<strong>Payment Terms</strong></p>
<ul>
	<li>
		Granuals and loose materials (preground, not accepted in brick format) 30 working days from delivery.</li>
	<li>
		Circuit Board Material (whole, sorted and inspected as quality materials) 45 working days from date of delivery.</li>
</ul>
<h4>
	<strong>Material Rejection Policy</strong></h4>
<p>
	Pfane Scientific in it&rsquo;s sole discretion has the right to sort, separate and inspect all materials being delivered, the list of materials delivered after sorting is attached with this contract. Any items or waste sorted is listed under &quot;Garbage&quot; and cannot be processed. You are free to collect these items within 10 days from signing of this contract or Pfane Scientific has the right to charge for their proper disposal. Rejected items would include but are not limited to, Soiled or rusted circuit boards, boards with evidence of acid stripping, boards or materials that are significantly different than the materials agreed to be purchased. Pallets, Bags or wood / plastic pieces.</p>
<h4>
	<strong>Refining Fees / Payment Calculations</strong></h4>
<p>
	<strong>Copper Payment</strong></p>
<p>
	Paid on the LME / USD price per ton according the lowest value between the 3 Month Average Bid or the Daily Close Cash Bid. The fixated price will be sent during the month of payment and must be applied to the final invoice. All proforma invoices should be based on the &quot;Base Price&quot; of the material being sent, as laid out in the Base Price section of this contract.</p>
<p>
	&nbsp;</p>
<p>
	<strong>Precious Metals Payment.</strong></p>
<p>
	(Gold, silver, palladium and platinum) based on US commodity price in USD per gram. According to the calculation and expectation chart provided.</p>
<p>
	<strong>Conversion rate:</strong></p>
<p>
	The USD quotation will be converted into EUR by using the Bloomberg-Fixing (BFIX) rate 2 p.m. CET plus 30 basis points (=0,0030)</p>
<p>
	<strong>Copper Payment Calculation</strong></p>
<p>
	EUR 900,--/t pay. Cu for 70 % Cu and more Minus 2.5% Loss Deduction</p>
<p>
	EUR 950,--/t pay. Cu for 65 &ndash; 69,99 % Cu minus 3% Loss Deduction</p>
<p>
	EUR 1000,--/t pay. Cu for 60 &ndash; 64,99 % Cu minus 4% loss Deduction</p>
<p>
	<strong>Example Copper Price Formula:</strong></p>
<p>
	Price in &euro;/t = (LME &ndash; 900) x ( Vol Cu% - 2,5%)</p>
<p>
	Minimum material required: 1ton at 60% Cu</p>
<p>
	Loss Deduction: As per quality</p>
<p>
	Refining Charge: As per quality.</p>
<p>
	<strong>Silver Payment Calculation</strong></p>
<p>
	Assayed Silver content paid at</p>
<p>
	65 % with an Ag content up to 999 g/t Ag</p>
<p>
	70 % with an Ag content of 1.000 - 1.999 g/t Ag</p>
<p>
	75 % with an Ag content of 2.000 - 4.999 g/t Ag</p>
<p>
	80 % with an Ag content of 5.000 - 9.999 g/t Ag</p>
<p>
	85 % with an Ag content of 10.000 - 49.999 g/t Ag</p>
<p>
	90 % with an Ag content of 50.000 g/t and more</p>
<p>
	based on LBMA London Silver Price,</p>
<p>
	minimum required 300 g/t,</p>
<p>
	loss deduction 200 g/t</p>
<p>
	less Refining Charge of EUR 25,-/kg payable from Ag value</p>
<p>
	<strong>Gold Payment Calculation</strong></p>
<p>
	Assayed Gold content Paid at</p>
<p>
	70 % with an Au content up to 249 g/t Au</p>
<p>
	72 % with an Au content of 250 - 499 g/t Au</p>
<p>
	79 % with an Au content of 500 - 999 g/t Au</p>
<p>
	84 % with an Au content of 1.000 - 1.499 g/t Au</p>
<p>
	90 % with an Au content of 1.500 g/t Au and more</p>
<p>
	based on LBMA London Gold Price AM,</p>
<p>
	minimum required 30 g/t,</p>
<p>
	loss deduction 20g/t</p>
<p>
	less Refining Charge of EUR 285,- /kg payable from Au</p>
<p>
	<strong>Palladium:Payment Calculation</strong></p>
<p>
	Assayed.Palladium content Paid at</p>
<p>
	60 % with an Pd content up to 199 g/t Pd</p>
<p>
	70 % with an Pd content of 200 - 399 g/t Pd</p>
<p>
	72 % with an Pd content of 400 - 549 g/t Pd</p>
<p>
	75 % with an Pd content of 550 g/t Pd and more</p>
<p>
	based on LBMA London Palladium Price AM</p>
<p>
	minimum required 30 g/t,</p>
<p>
	loss deduction 20g/t</p>
<p>
	less Refining Charge of EUR 250,-/kg payable from Pd</p>
<p>
	<strong>Platinum:Payment Calculation</strong></p>
<p>
	Assayed. Platinum content at</p>
<p>
	60 % with an Pt content up to 19 g/t,</p>
<p>
	70 % with an Pt content of 20 g/t and more,</p>
<p>
	based on LBMA London Platinum Price AM,</p>
<p>
	minimum required 35 g/t,</p>
<p>
	loss deduction 10g/t</p>
<p>
	less Reﬁning Charge of EUR 530,-/kg payable from Pt</p>
<p>
	All fees are deducted in USD equivalent, converted by Pfane.</p>
<p>
	<strong>Proﬁt Split / Estimated Value</strong></p>
<p>
	Estimated Value is based on total anticipated assay value of materials delivered, it is not your final price. The estimated value of a material is based on previous processing of similar materials. Due to the high variations of the qualities of materials, any material  is paid only on final assayed values. Seller shall be paid {rowpriprice} % of the net value of the extracted metals (after fees/deductions listed herein) Example: (Metal Value - Fees) * {rowpriprice} %</p>
