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| 1.10. | Competent      Body  (authorized state body) means the Investment Agency of the      Republic of Kazakhstan. |
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| 1.12. | Contract      Territory means the territory defined in mining allotments where the      subsurface user is entitled to mine nickel-cobalt ore at Kara-Obinsk and      Novo-Shandashinsk deposits. |
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| 2. | In      the Contract the words JV “Kempirsaisk Mine Group” to change to the words      “Kyzyl Kain Mamyt” LLP, and the words “Ministry of Energy and Mineral      Resources of the Republic of Kazakhstan” to “Investment Agency of the      Republic of      Kazakhstan”, accordingly. |
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| 3. | To delete the      words “III -  Shandashinsk, Shirpakainsk, East – Shandashinsk,      Stepninsk deposits of cobalt-nickel ore and licenses series MG, Nos. 414,      415, 421 and 425”  in theContract. |
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| 4. | Sub-clause      3.2. in Section 3 shall be read asfollows: |
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|  3.2 | The      Contract expires on 12 October 2011 (on the last day of the term of      License series MG No. 420). |
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| 5. | 5.Sub-clause      4.1. in Section 4 shall be read asfollows: |
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| 4.1 | The Contractor      mines cobalt-nickel ore at the Kara-Obinsk and Novo-Shandashinsk      deposits within the Contract Territory under Licenses series MG No. 420      and 426 and in accordance with the provisions of the    Contract. |
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| 6. | In      sub-clauses 5.4., 5.5., 5.6 and 5.7 in Section 5 to change the words      “KAZGOSNEDRA” Main Administration for Mineral Resources to the words      “Committee of Geology and Subsurface Protection under the Ministry of      Natural Resources and Environmental Protection of the Republic of      Kazakhstan”. |
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|  7. | Sub-clause      7.2.11 in Section 7 shall be read asfollows: |
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| 7.2.11 | The      Contractor for mandatory production training and re-traning of the      personnel and computerization will spend at least 0.1 (point one) % of the      production costs. |
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|  8. | Sub-clause      11.1 in Section 1.1. shall be read asfollows: |
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| 11.1 | The      Contractor is provided with the exclusive right for production at the      Contract Territory for 11 (eleven) consecutive years till 12 October      2011. |
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|  9. | Sub-clause      13.2 in Section 13 shall be read asfollows: |
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| 13.2. | The      Contractor shall test the equipment and devices used for ore weighing and      measurement at the said deposits 1 (one) time a year together with the      representatives of the AuthorizedBody |
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|  10. | Sub-clause      13.2 in Section 31 shall be read asfollows: |
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| 31.2 | Notices      and documents shall be delivered in hand or sent by post, registered      airmail, fax, by telex at the following  addresses: |
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| Investment Agencyof the      Republic of Kazakhstan473000,      Astana, Zhenis Ave. 33Fax:      (3172) 118 158Tel.      (3172) 118 161 Kuanyshev      D.O.Chairman | “Kyzyl Kain Mamyt”      LLP469830,      Aktyubinsk oblastKargalinsk      region, Badamninsk village Lenin str., 20Fax:      (31342) 21 301Tel.      (31342) 21 301Raimbergenov      A.I.Director |
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| 11. | To      accept a new Work Program in Appendix 1a instead of      Appendix 1 to the Contract      “Work Program”. |
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