Document:

EXHIBIT
      10.19

    

    CONFIDENTIAL
      TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED
      HEREWITH OMITS THE INFORMATION SUBJECT TO THE CONFIDENTIALITY REQUEST. OMISSIONS
      ARE DESIGNATED AS [****]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED
      SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

    

    MOLYBDENUM
      SUPPLY AGREEMENT

    

    THIS
      MOLYBDENUM SUPPLY AGREEMENT (this “Agreement”)
      is
      made and entered into as of the 28th day of December, 2007 by and between
      General Moly, Inc., a Delaware corporation (“General
      Moly”),
      and
      ArcelorMittal Purchasing SAS, a French corporation (“AMP”),
      acting as agent in the name and on the behalf of the companies (the
“Companies”)
      listed
      in Exhibit
      B
      hereto
      (each Company individually and collectively referred to herein as the
“Buyer”).
      Each
      of General Moly and Buyer are individually referred to herein as a “Party”
and
      together as the “Parties.”

    

    RECITALS

    

    A.
      General
      Moly leases and intends to operate a mine located in Eureka County, Nevada
      (the
“Mount
      Hope Mine”)
      from
      which it intends to produce Technical Grade Molybdenum Oxide (“TMO”),
      in
      the form of powder and carbon-free briquettes, and Ferro-Molybdenum
      (“Ferro
      Moly”)
      that
      meet or exceed the standards on Exhibit
      A
      (collectively, the “Products”);
      and

    

    B.
      General
      Moly wants to sell to Buyer, and Buyer wants to purchase from General Moly,
      Products generated by the Mount Hope Mine upon the terms and subject to the
      conditions set forth herein.

    

    NOW,
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, the Parties, intending to be legally bound,
      agree
      as follows:

     

    AGREEMENT

    

    
      
        1.
          Definitions
          and Construction.
          

      

    

    

    1.1 Defined
      Terms.
      In
      addition to the capitalized terms defined elsewhere in this Agreement, for
      purposes of this Agreement:

    

    “Affiliate”
of
      any
      Person means any other Person directly or indirectly, through one or more
      intermediaries, controlling, controlled by or under common control with such
      Person. A Person will be deemed to control another Person if the controlling
      Person is the beneficial owner of greater than 50% of any class of voting
      securities (or other voting or equity interests) of the controlled person or
      possesses, directly or indirectly, the power to direct or cause the direction
      of
      the management or policies of the controlled Person, whether through ownership
      of capital stock, by contract or credit arrangement, as trustee or executor,
      or
      otherwise.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    “Business
      Day”
means
      a
      day other than a Saturday or Sunday or a day on which banks are required or
      authorized to be closed in the state of New York.

     

    “Commercial
      Production Date”
means
      the first date on which the
      output of Products from operations at the Mount Hope Mine for the three prior
      calendar months is equal to or exceeds 25% of the planned production as set
      forth in the Mine Plan.

    

    “Competent
      Authority”
means
      the person or persons so designated by AMP and/or directly by the Companies
      in
      relation to each Company.

    

    “DDP”
has
      the
      meaning given to it in the International Chamber of Commerce’s official rules
      for the interpretation of trade terms, which rules came into force on January
      1,
      2000.

    

    “First
      Threshold”
      means

    

    (a)
      for
      2008, [****] per pound of molybdenum contained in the Products, and

    

    (b)
      for
      2009 and thereafter, an amount calculated as follows:

    

    [****]
      per pound of molybdenum contained in the Products x
      Threshold Adjustment

    

    For
      clarification, (i) the First Threshold will only be adjusted [****] within
      [****] of the information necessary to calculate the [****] Percentage Increase
      becoming [****] available [****], and (ii) to the extent the information
      necessary to calculate such adjustment is not available [****], the adjustment
      will be calculated when such information becomes available [****].

     

    “Floor
      Price”
      means

    

    (a)
      for
      2008, [****] per pound of molybdenum contained in the Products, and

    

    (b)
      for
      2009 and thereafter, an amount per pound of molybdenum contained in the Products
      calculated as follows: 

    

    [****]
      per pound of molybdenum contained in the Products x
      (1 +
      [****] Percentage Increase)

    

    For
      clarification, (i) the Floor Price will only be adjusted [****] within [****]
      of
      the information necessary to calculate the [****] Percentage Increase becoming
      [****] available [****], (ii) to the extent the information necessary to
      calculate such adjustment is not available [****], the adjustment will be
      calculated when such information becomes available [****], and (iii) the Floor
      Price will be calculated as set forth above regardless of the Market Price
      or
      any other adjustments to the Product Price (as defined in Section
      3).

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    “Freight
      Savings”
means,
      beginning in the seventh month after deliveries of Products commence hereunder,
      the difference between the average freight costs per pound for the prior six
      months for deliveries of Products to the Delivery Point (as defined in
Section
      4.1)
      and the
      average freight costs per pound for the prior six months for deliveries of
      Products to any AMP-directed delivery point in the United States, Canada or
      Mexico. For the first six months that deliveries of Product are made hereunder,
      “Freight
      Savings”
will
      have the meaning on which the Parties mutually agree (which determination will
      be made prior to June 2010).

    

    “LIBOR”
means
      the London Interbank Offered Rate.

    

    “Losses”
means
      any claims, losses, liabilities, damages, demands, fines, penalties,
      administrative and judicial proceedings and orders, judgments, remedial action,
      enforcement actions of any kind, and all reasonable and documented costs and
      expenses incurred in connection therewith (including reasonable attorneys’
fees).

    

    “Market
      Price”
means
      the average of the Platt’s Metals Week published prices for TMO Dealer Oxide
      over (a) the period of the month of delivery or (b) the period over the month
      prior to the month of delivery, as AMP may determine annually pursuant to
Section
      3.3.
      In the
      event that the basis for the Market Price currently in general use ceases to
      exist or ceases to be published, the Parties shall meet promptly with a view
      to
      agreeing on a new pricing basis and the date for bringing such basis into
      effect. 

    

    “Mine
      Plan”
means
      the “Bankable Feasibility Study—Project Definition” dated August 29, 2007
      relating to the Mount Hope Mine, a copy of which has been provided to
      AMP.

    

    “Person”
means
      an individual, limited or general partnership, corporation, trust, limited
      liability company, unincorporated organization, association, joint venture
      or a
      government or agency or political subdivision or instrumentality
      thereof.

    

    [****]
      Percentage
      Increase”
means
      [****]. 

    

    “Second
      Threshold”
      means

    

    (a)
      for
      2008, [****] per pound of molybdenum contained in the Products, and

    

    (b)
      for
      2009 and thereafter, an amount calculated as follows:

    

    [****]
      per pound of molybdenum contained in the Products x
      Threshold Adjustment

    

    For
      clarification, (i) the Second Threshold will only be adjusted [****] within
      [****] of the information necessary to calculate the [****] Percentage Increase
      becoming [****] available [****] and (ii) the Floor Price.

    

    “Term”
means
      the term of this Agreement. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    “Three-Month
      LIBOR”
means
      the rate for deposits in U.S. Dollars for a period of three months that appears
      on Reuters page LIBOR01 (or such other replacement page) as of 11:00 a.m.
      London time on the date an applicable invoice is due hereunder. If Three-Month
      LIBOR is not available from such source, the Three-Month LIBOR will be based
      on
      quotations from four major reference banks in the London interbank market for
      deposits in U.S. dollars for a period of three months.

    

    “Threshold
      Adjustment”
means
      an amount calculated as follows:

    

    1
      +
      (Percentage [****] Increase [****]) 

    

    “Trigger
      Date”
means
      the first day of the calendar month following the first calendar month when
      which production of Products from the Mount Hope Mine equals or exceeds
      1,700,000 pounds per calendar month. 

    

    “Working
      Capital Benefit”
means
      the notional interest value calculated on the dollar amount of all monthly
      invoices for deliveries of Products to any AMP-directed delivery point in the
      United States, Canada or Mexico (a) for the first six months that deliveries
      of
      Product are made hereunder, based on an assumed 20 day benefit using the LIBOR
      flat interest rate average
      for the month prior to the month of invoicing and
      (b)
      beginning in the seventh month after deliveries of Products commence hereunder,
      based on the difference between the actual number of average transit days for
      the prior six months for deliveries of Products to any AMP -directed European
      plant and the actual number of average transit days for the prior six months
      for
      deliveries of Products to any AMP -directed delivery point in North
      America.

    

    1.2 Construction.

    

    1.2.1 The
      words
“include,” “includes,” and “including” will be deemed to be followed by “without
      limitation.” 

    

    1.2.2 Any
      reference to a natural person includes a legal entity and vice
      versa.

    

    1.2.3 Any
      term
      importing the singular includes the plural and vice versa.

    

    1.2.4 Any
      reference to a gender includes the other genders.

    

    1.2.5 The
      headings in this Agreement have been inserted for convenience only and will
      not
      be taken into account in its interpretation.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    2. Supply
      and Purchase of Product.

    

    2.1 Supply
      of Products Prior to Trigger Date.
      No
      obligations to supply or purchase Products under this Agreement will exist
      prior
      to the earlier of (a) the Trigger Date and (b) the fourth month after the
      Commercial Production Date. If the Trigger Date does not occur within three
      months of the Commercial Production Date, then for the period beginning in
      the
      fourth month from the Commercial Production Date through the Trigger Date,
      General Moly agrees to supply and sell to Buyer, and Buyer agrees to
      purchase from General Moly, [****] (subject to upward adjustment upon mutual
      agreement of the Parties) of any Products owned by General Moly and produced
      from the Mount Hope Mine during such period upon the terms and subject to the
      conditions set forth in this Agreement. 

    

    2.2 Supply
      of Products Following Trigger Date.
      After
      the Trigger Date, upon the terms and subject to the conditions set forth in
      this
      Agreement, General Moly agrees to supply and sell to Buyer, and
      Buyer agrees to purchase from General Moly, the amounts of Products as
      follows (each, an “Annual
      Amount”):

    

    2.2.1 For
      the
      first year following the Trigger Date, the amount of Products specified by
      Buyer
      in a written notice to General Moly delivered at least 30 days after the Trigger
      Date, which amount may not be less than 5,850,000 pounds or exceed 7,150,000
      pounds. Pending Buyer’s delivery of such notice, and in the event that Buyer
      does not timely deliver such notice, the amount of Products for such year will
      equal 6,500,000 pounds.

    

    2.2.2 For
      years
      two through five following the Trigger Date, the amount of Products specified
      by
      Buyer in a written notice to General Moly delivered at least 60 days prior
      to
      the end of the previous year, which amount may not be less than 5,850,000 pounds
      or exceed 7,150,000 pounds. If Buyer does not timely deliver such notice, the
      amount of Products for any such year will equal the Annual Amount for the
      previous year.

     

    2.2.3 For
      clarification, all references to “pounds” in this Section
      2.2
      refer to
      pounds of molybdenum contained in the Products.

    

    2.3 Delivery
      Schedule; Shortfalls.
      Deliveries of the Products under this Agreement will be made by General Moly
      to
      Buyer in more or less equal monthly installments. The Parties will reasonably
      cooperate with each other in connection with forecasting, ordering and delivery
      schedules and procedures. In the event that General Moly does not deliver the
      full installment amount of Products in any given month, Buyer is entitled to
      demand that 100% of any such shortfall (the “Shortfall
      Amount”)
      be
      delivered in the following six month(s), provided that (a) such Shortfall Amount
      is actually produced from the General Moly portion of the Mount Hope Mine,
      (b)
      no Shortfall Amount will be delivered if the aggregate amount of Products
      delivered in the portion of such year that has passed is equal to or exceeds
      the
      prorated Annual Amount for such period and (c) any Products from the Mount
      Hope
      Mine that any third party owns or controls will not be considered available
      to
      fulfill any Shortfall Amount. In the event of such a shortfall, General Moly
      agrees not to sell any Products to any third party without Buyer’s prior written
      consent unless and until any properly requested Shortfall Amount has been
      delivered. If any Shortfall Amount exceeds 25% of the monthly quantity to be
      delivered hereunder (equal to 1/12th
      of the
      annual declared quantity) for more than two consecutive months, then Buyer
      may,
      in its sole discretion, extend the term of this Agreement by the number of
      consecutive months for which the Shortfall Amount exceeded 25% of such monthly
      quantity (the “Shortfall
      Period”)
      by
      delivering written notice of such extension to General Moly within 60 days
      after
      the end of such Shortfall Period.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    2.4 Take-or-Pay.
      Notwithstanding anything herein to the contrary, Buyer agrees that in the event
      that Buyer fails to take delivery of Products made available by General Moly
      in
      the amounts and on the terms set forth in this Agreement, Buyer will still
      be
      obligated to pay General Moly with respect to such Products as though Buyer
      had
      taken delivery pursuant to the terms of this Agreement.

    

    2.5 Composition
      of Products.
      No
      later than November 30 of each year during the term of this Agreement, the
      Parties will mutually agree on the percentages of TMO and Ferro Moly which
      will
      comprise the Products to be delivered hereunder for the following calendar
      year.
      If the Parties are not so able to agree, such composition will revert to 50%
      TMO
      and 50% Ferro Moly beginning on the first day of such following calendar year.
      

    

    2.6 Specifications.
      The
      specifications and technical requirements of the Products to be delivered
      hereunder are set forth in Exhibit A
      (the
“Specifications”).
      Notwithstanding anything herein to the contrary, Buyer will not be required
      hereunder to purchase any Products which do not comply with the Specifications.
      General Moly will, at its expense, supply a certificate confirming that each
      shipment of Products complies with the Specifications.

    

    2.7 Use
      of
      Hall Tonopah Resources for Deficiencies.
      If at
      any time after the Trigger Date production at the Mount Hope Mine is not
      sufficient to fulfill any delivery hereunder, General Moly will, to the extent
      commercially reasonable, supply any such deficiency from available Products
      complying with the Specifications produced from its Hall Tonopah mine in Nye
      County, Nevada (the “Hall
      Tonopah Mine”)
      that
      General Moly does not otherwise sell to a third party. Notwithstanding the
      foregoing, nothing in this Agreement will prohibit General Moly or any of its
      affiliates from entering into any supply agreement with respect to Products
      produced at the Hall Tonopah Mine.

    

    2.8 Restrictions
      on Use; Right of First Repurchase.
      All
      Products supplied by General Moly to Buyer hereunder are intended for
      consumption by Buyer and its Affiliates in their operations. Accordingly, Buyer
      agrees not to sell or otherwise transfer such Products to a third party without
      General Moly’s consent (such consent not to be unreasonably withheld or
      delayed); provided, however, that if Buyer or Buyer’s Affiliates significantly
      reduce their operations due to any event (including an Event of Force Majeure)
      and, as a result, Buyer determines it is necessary to sell all or a portion
      of
      such Products it has received pursuant to this Agreement (the “Reoffered
      Products”),
      Buyer
      will notify General Moly in writing. If General Moly notifies Buyer in writing
      within three days of delivery of such notice that it desires to repurchase
      all
      or any portion of the Reoffered Products, Buyer will sell such Reoffered
      Products to General Moly at a Product Price determined pursuant to Section
      3.
      If
      General Moly does not notify Buyer within such three-day period of its desire
      to
      repurchase all of the Reoffered Products, or if General Moly elects to purchase
      less than all of the Reoffered Products, Buyer will use commercially reasonable
      efforts to sell any such unpurchased portion of the Reoffered Products to a
      third party within 60 days at the then-prevailing Market Price, which sale
      will
      not require further consent of General Moly. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    3. Pricing
      and Payment Terms.
      The
      price payable by Buyer to General Moly for Products supplied by General Moly
      to
      Buyer pursuant to this Agreement (the “Product
      Price”)
      will
      be equal to the Base Product Price plus
      the
      Additional Production Price, subject to adjustment as set forth elsewhere in
      this Agreement.

    

    3.1 Base
      Product Price.
      The
      base price payable by Buyer to General Moly for Products supplied by General
      Moly to Buyer pursuant to this Agreement (the “Base
      Product Price”)
      will
      be as follows: 

    

    3.1.1 If
      the
      Market Price is less than or equal to the Floor Price, the Base Product Price
      will be equal to the Floor Price; and

    

    3.1.2 If
      the
      Market Price exceeds the Floor Price, the Base Product Price will be determined
      as follows:

    

    (a) If
      the
      Market Price is less than or equal to the First Threshold, the Base Product
      Price will be calculated as follows:

     

            
      Floor Price 

    
      	
            	+	
              [(Market
                Price - Floor Price) x [****])] 

            

    

    

    (b) If
      the
      Market Price is more than the First Threshold but less than the Second
      Threshold, the Base Product Price will be calculated as follows:

     

            
      Floor Price  

    
      	 	 	
              +
                [(First Threshold - Floor Price) x [****]]

            

    

    
      	
            	+	
              [(Market
                Price - First Threshold) x [****])]

            

    

    

    (c) If
      the
      Market Price exceeds the Second Threshold, the Product Price will be calculated
      as follows:

     

            
      Floor Price  

    
      	 	 	
              +
                [(First Threshold - Floor Price) x [****]]

            

    

    
      	
            	+	
              [(Second
                Threshold - First Threshold) x [****])]

            

    

    
      	 	 	
              +
                [(Market Price - Second Threshold) x [****])]

            

    

    

    3.2 Additional
      Product Price.
      Buyer
      will pay an additional amount (the “Additional
      Product Price”)
      for
      Products that are supplied hereunder (as agreed to by the Parties as set forth
      herein) in a form other than TMO packaged in bulk super sacks (an “Alternate
      Form”)
      equal
      to the lowest charges that Buyer is being offered by other reputable,
      independent producers of products comparable to the Products in the Alternate
      Form for the applicable year. The Additional Product Price for any given year
      will be determined by the Parties on such basis no later than November 30 of
      the
      previous year, and Buyer will provide to General Moly any information relating
      to such other producer’s proposed charges as General Moly reasonably
      requests.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    3.3 Determination
      of Market Price.
      No
      later than November 30 of each year during the term of this Agreement, AMP
      will
      give written notice to General Moly of the percentage of Product to be delivered
      during the following calendar year to which the pricing basis described in
      clause (a) of the definition of “Market Price” in Section
      1.1
      will
      apply, and the percentage of Product to be delivered during the following year
      to which the pricing basis described in clause (b) of the definition of “Market
      Price” in Section
      1.1
      will
      apply, which will aggregate 100%. 

    

    4. Deliveries
      and Invoices.

    

    4.1 Delivery
      Point.
      Except
      as otherwise set forth herein, all Products will be delivered to the named
      place
      of destination set out in Exhibit
      B
      against
      the names of the Buyer’s European Companies (the “Delivery
      Point”).
      The
      Product Price calculations provided in this Agreement are on a DDP basis for
      delivery by General Moly to the Delivery Point. Title and risk in each shipment
      of Products will pass from General Moly to Buyer upon delivery DDP. In the
      event
      that Buyer notifies General Moly that any shipment of Products should be made
      to
      a named place of destination in the United States, Canada or Mexico instead
      of
      the Delivery Point, the Product Price will be reduced for any such delivery
      in
      an amount equal to [****] of the Freight Savings and Working Capital Benefit.
      

    

    4.2 Invoices.
      Upon
      each shipment of Products, General Moly will invoice each Company by sending
      an
      invoice to the Competent Authority for such Company for the corresponding
      Product Price. The amount shown on such invoice will be due and payable by
      wire
      transfer to an account identified by General Moly within 60 days of the end
      of
      the month in which the Product is delivered, subject to any Assay Adjustment
      as
      set forth in Section
      4.3.
      If
      Buyer fails to pay any invoice amount pursuant to this Agreement on or before
      the applicable due date, interest on the unpaid amount at a rate per annum
      equal
      to Three-Month LIBOR plus 1.5% each year will accrue from the applicable due
      date until the full invoice amount is paid.

    

    4.3 Assaying
      Adjustments.
      

    

    4.3.1 Buyer
      has
      the right to appoint a neutral sampler (the “Sampler”),
      approved by General Moly (which approval will not be unreasonably withheld
      or
      delayed), to take samples of the Products at the applicable delivery point.
      In
      the event that Buyer determines that General Moly has delivered non-conforming
      Product which should result in an adjustment to the Product Price (an
“Assay
      Adjustment”),
      Buyer
      will notify General Moly in writing of such determination (along with its
      results of analysis of such Product) within 20 days of receipt of such shipment.
      The Parties will appoint a mutually agreeable third party to assist in the
      resolution of such matter (the “Referee”)
      within
      30 days of delivery of such notice. If the Parties fail to so appoint the
      Referee within such 30-day period, SGS Group (or such other mutually agreeable
      third party, in the event that SGS Group or its successor ceases to exist)
      will
      appoint the Referee at any Party’s request. The Referee will analyze the sample
      of such Product taken by the Sampler, whose determination will be final and
      binding upon the Parties.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    4.3.2 The
      costs
      and expenses related to the procedures set forth in this Section
      4.3
      (including the costs of the Sampler) will be borne by the Party whose results
      are furthest from the results of the Sampler. In the event that the results
      of
      the Sampler are exactly between those of General Moly and the Buyer, each of
      General Moly and the Buyer will bear 50% of any such costs and expenses. For
      the
      purpose of the foregoing, the “results” of General Moly will refer to the assay
      results set forth on the related invoice.

    

    4.3.3 In
      the
      event that the final determination results in an obligation on a Party to pay
      additional amounts or to reimburse any sum, such payment or reimbursement will
      be settled by credit or debit notes. 

    

    4.4 No
      Prejudice.
      Payment
      of an invoice by Buyer does not constitute acceptance of the Products
      covered by such invoice and is without prejudice to any and all claims
      Buyer may have against General Moly in connection therewith.
      Buyer will have the right to accept any portion of any shipment of Products
      notwithstanding that it may reject the balance thereof. Acceptance by
      Buyer of all or any portion of a shipment of Products will not constitute a
      waiver of any claim which Buyer may have regarding the Products.

    

    5. Entry
      into Other Supply Agreements.
      If,
      during the Term, General Moly enters into any other agreement or series of
      related agreements (a) pursuant to which General Moly agrees to supply
      molybdenum products from the Mount Hope Mine to a third party prior to the
      Trigger Date or (b) having a term of one year or more pursuant to which General
      Moly agrees to supply molybdenum products from the Mount Hope Mine after the
      Trigger Date, and in either case such agreement contemplates a floor price
      that
      is more than [****] per pound of molybdenum contained in such products lower
      than the Floor Price in effect in any month during the Term, then General Moly
      will promptly provide Buyer notice thereof together with a copy of such
      agreement(s). Within 30 days of delivery of such notice, Buyer may, at its
      option, deliver written notice to General Moly of its desire to amend this
      Agreement to provide for the same monthly floor price and all other financial
      terms and conditions as such new agreement(s), and the Parties agree to
      cooperate promptly and in good faith to prepare and execute such amendment.
      If
      the Parties are unable to do so within 60 days after delivery of Buyer’s notice
      of its desire to amend this Agreement, such matter will be resolved pursuant
      to
      the arbitration procedures set forth in Section
      24.

    

    6. Process
      Improvement.
      Buyer may, at its option and expense, make available Buyer engineers or
      others to General Moly for consultation with General Moly to analyze and
      evaluate the Product production process and costs for purposes of improving
      General Moly’s performance hereunder; provided,
      however,
      that
      General Moly will not be obligated to implement any of Buyer’s recommendations
      resulting from this process. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    7. Inspection
      of Books and Records.
      Upon
      Buyer’s request, from time to time, Buyer may, at its expense and upon
      reasonable advance notice to General Moly, inspect the books and records of
      General Moly during business hours at the location where such books and records
      are maintained (or such other location as the Parties may agree) to verify
      compliance by General Moly with its obligations hereunder.

    

    8. Term;
      Termination.
       

    

    8.1 Term.
      The
      initial term of this Agreement will commence on the date hereof and expire
      on
      the fifth anniversary of the Trigger Date unless sooner terminated in
      accordance with this Section 8
      or
      extended in accordance with Section
      2.3.
      

    

    8.2 Termination.
      This
      Agreement may be terminated by:

    

    
      	 	
              (a)

            	
              either
                Party at any time in the event of a material breach of this Agreement
                by
                the other Party, provided a written termination notice identifying
                the
                material breach has been sent to the breaching Party and the breach
                has
                not been cured within 60 days from the date of said notice; provided
                that for clarification purposes any breach of Section
                2.8
                will be considered to be a “material breach” of this
                Agreement;

            

    

    

    
      	 	
              (b)

            	
              either
                Party at any time, by written notice, in the
                event:

            

    

    

    
      	 	
              (i)

            	
              of
                insolvency of the other Party;

            

    

    

    
      	 	
              (ii)

            	
              of
                the filing of a voluntary petition in bankruptcy of the other
                Party;

            

    

    

    
      	 	
              (iii)

            	
              of
                the making of an assignment for the benefit of creditors by the other
                Party, excluding assignments of accounts
                receivable;

            

    

    

    
      	 	
              (iv)

            	
              of
                the inability of the other Party to pay its debts as they come
                due;

            

    

    

    
      	 	
              (v)

            	
              the
                other Party has a receiver or other custodian of any kind appointed
                to
                administer any substantial amount of the other Party’s
                property;

            

    

    

    
      	 	
              (vi)

            	
              of
                the filing of an involuntary petition in bankruptcy with respect
                to the
                other Party;

            

    

    

    
      	 	
              (vii)

            	
              any
                proceedings for the reorganization of the other Party, or for the
                readjustment of any of the other Party’s debts, under any laws, now or
                hereafter existing, for the relief of insolvent debtors, will be
                commenced
                by or against the other Party; or

            

    

    

    
      	 	
              (viii)

            	
              of
                the discontinuation by the other Party of its business;
                or

            

    

    

    
      	 	
              (c)

            	
              by
                Buyer, by written notice, in the event that after the Trigger Date,
                General Moly fails to meet the delivery requirements of Products
                set forth
                in Section 2
                for a period of three consecutive
                months.

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    8.3 Effect
      of Termination.
      Unless
      notified otherwise by Buyer, upon a termination of this Agreement, General
      Moly
      will fill all outstanding obligations to supply the Products in accordance
      with
      the terms of this Agreement. Buyer will accept and pay for all conforming
      Products delivered in accordance herewith. Termination will be without prejudice
      to the rights and obligations of the Parties which have accrued prior to the
      effective date of termination. Sections 4,
      9
      and
10-27
      will
      survive the expiration or termination of this Agreement.

    

    9. Indemnification.

    

    9.1 Procedure.
      If
      Buyer claims that any of the Products fail to conform with the Specifications
      or
      fail to be in compliance with all applicable laws (excluding claims relating
      to
      Assay Adjustments which will be resolved in accordance with Section 4.3),
      Buyer will notify General Moly of its claim (“Claim”),
      and
      provide General Moly with all relevant documentation of the Claim, no later
      than
      30 days after the date of delivery of such Products to Buyer. Upon receipt
      of a Claim, General Moly will have the right to inspect such Products and all
      evidence of the Claim, and General Moly and Buyer will attempt to reach an
      agreement as to whether the Claim is valid. 

    

    9.2 Remedies.
      If it
      is determined by the Parties that the Claim is valid, General Moly will elect
      one of the following actions to remedy the failure, and will deliver notice
      thereof to Buyer 30 days prior to taking any such action:

    

    
      	 	
              (a)

            	
              delivering
                to Buyer conforming Products to replace the nonconforming
                Products;

            

    

    

    
      	 	
              (b)

            	
              refunding
                to Buyer the purchase price paid by Buyer with respect to the
                nonconforming Products in return provided that General Moly will
                have the
                option to take possession of the nonconforming Products; or
                

            

    

    

    
      	 	
              (c)

            	
              applying
                a credit to the next purchase to be made by Buyer hereunder.
                

            

    

    

    If,
      upon
      receipt of notice of the intent to take one of the actions above, Buyer instead
      desires General Moly to take another action listed above to remedy the failure,
      Buyer will deliver notice of such desire to General Moly. If upon delivery
      of
      such notice the Parties do not agree on the action to be taken, such matter
      will
      be resolved pursuant to the arbitration procedures set forth in Section
      24.
      The
      removal and replacement of nonconforming Products will be at General Moly’s sole
      expense (including all costs of transportation, duties, taxes and insurance),
      and General Moly will reimburse Buyer for all costs (including all costs
      incurred with respect to transportation, duties, taxes and insurance) incurred
      by Buyer in connection with the replacement of nonconforming
      Products.

    

    If
      the
      Parties cannot agree on the validity of a Claim, such matter will be considered
      a Dispute and will be resolved pursuant to the arbitration procedures set forth
      in Section
      24.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    9.3 Limitations.
      TO THE
      MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EXCEPT AS PROVIDED HEREIN, GENERAL
      MOLY EXPRESSLY DISCLAIMS, AND MAKES NO OTHER EXPRESS OR IMPLIED WARRANTIES
      OF
      ANY TYPE, WHETHER OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR USE
      OR
      OTHERWISE, WITH RESPECT TO THE PRODUCTS.

    

    9.4 Indemnification
      by General Moly.
      General
      Moly will at all times defend, indemnify, protect and hold harmless Buyer and
      its affiliates and their directors, officers, agents, employees, participants
      and assigns, from and against any and all Losses arising in whole or in part
      out
      of the willful misconduct and/or negligent performance of any obligations of
      General Moly under this Agreement; provided
      however,
      that
      General Moly will not be required to indemnify any indemnified Person for any
      Losses to the extent resulting from the misconduct or negligence of such
      indemnified Person.

    

    9.5 Indemnification
      by Buyer.
      If at
      any time Buyer chooses to exercise its rights under Section
      6
      or
7,
      Buyer
      waives and releases all claims against any General Moly and its Affiliates,
      and
      its and their directors, officers, employees, and agents, to the extent
      permitted by law, for injury to, or death of, persons or for damage to property
      arising in any way from the conduct of such activities or the conduct of its
      employees, agents, or contractors in connection with such activities. Buyer
      will
      at all times defend, indemnify, protect and hold harmless General Moly and
      its
      affiliates and their directors, officers, agents, employees, participants and
      assigns, from and against any and all Losses whatsoever arising in whole or
      in
      part out of the exercises of such activities;
      provided however,
      that
      Buyer will not be required to indemnify any indemnified Person for any Losses
      to
      the extent resulting from the misconduct or negligence of such indemnified
      Person. 

    

    10. Force
      Majeure.
      Neither
      Party will be liable to the other Party for default or delay in the performance
      of its obligations hereunder when and to the extent that such default or delay
      is caused by order, injunction or stay entered by any court with valid
      jurisdiction, war, civil commotion, strike, labor dispute, work stoppage or
      slowdown, storm, earthquake, explosion, insurrection, epidemic or quarantine
      restriction, fire, flood, act of God, the inability to maintain in full force
      and effect all permits required to carry out the Mine Plan due to intervention
      of government or any other similar contingency beyond the reasonable control
      of
      the Parties (the occurrence of any of the foregoing will be an “Event
      of Force Majeure”);
      provided, however, that no Event of Force Majeure will have occurred in the
      event of a strike, labor dispute, work stoppage or slowdown initiated by, or
      involving only, workers or employees within General Moly’s organization. The
      occurrence of an Event of Force Majeure will not terminate this Agreement,
      absent the written consent of the Parties otherwise; provided,
      however,
      that
      Buyer may, at its option, terminate this Agreement if an Event of Force
      Majeure prevents, or Buyer reasonably anticipates that it will prevent,
      General Moly from meeting its obligations in whole or in substantial part under
      this Agreement for more than three consecutive months during the Term. Both
      General Moly and Buyer will use their commercially reasonable best efforts
      to avoid the occurrence and remove the causes of an Event of Force Majeure
      and
      to continue performance of their respective obligations hereunder promptly
      following the removal of such causes. If an Event of Force Majeure prevents
      a
      Party from meeting its obligations hereunder in part, but not in whole, the
      Parties will use their commercially reasonable best efforts to equitably adjust
      the Parties’ respective obligations hereunder consistent with and in furtherance
      of the purposes hereof. Should General Moly invoke force majeure conditions,
      the
      Buyer will be entitled to obtain from alternative sources such Products as
      it
      reasonably requires during the period that Events of Force Majeure subsist,
      and
      the quantities Products obtained under such conditions will be deducted from
      the
      amount of Products Buyer is required to purchase hereunder.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    11. Confidentiality.
      

    

    11.1 During
      the Term, each of Buyer and General Moly will be in a position to receive
      certain of each other’s confidential, privileged and proprietary information
      (“Confidential
      Information”);
      provided that Confidential Information excludes any information:

    

    
      	 	
              (a)

            	
              which
                is or becomes available to the public through no act, omission or
                fault
                of, and absent any breach of a covenant or obligation hereunder by,
                the
                Party whose obligation it is to keep such information
                confidential;

            

    

    

    
      	 	
              (b)

            	
              which
                the Party whose obligation it is to keep such information confidential
                may
                have received lawfully from any third Party without restrictions
                as to
                disclosure thereof and without breach of this Agreement;
                or

            

    

    

    
      	 	
              (c)

            	
              which
                was developed by the Party whose obligation it is to keep such information
                confidential without (as established by documentation or by other
                appropriate evidence) the use of the other Party’s Confidential
                Information or any breach of this Agreement or any other agreement.
                

            

    

    

    General
      Moly agrees that the Confidential Information of Buyer, and Buyer agrees that
      the Confidential Information of General Moly, is an integral and key part of
      the
      assets of each respective entity and that the unauthorized use or disclosure
      of
      the other Party’s Confidential Information would seriously damage the owner
      thereof in its business. As a consequence of the above, General Moly and
      Buyer hereby agree that, during the Term and thereafter:

    

    11.1.1 During
      the term of this Agreement and until the fifth anniversary of the
      expiration or earlier termination of this Agreement, neither of General Moly
      and
      Buyer will, directly or indirectly:

    

    
      	 	
              (a)

            	
              use
                any of the other Party’s Confidential Information, except as may be
                necessary to perform its obligations hereunder;
                or

            

    

    

    
      	 	
              (b)

            	
              disclose,
                furnish or make accessible, or cause any Person to disclose, furnish
                or
                make accessible, any aspect of the other Party’s Confidential Information
                to any Person (other than the other
                Party),

            

    

    

    except,
      in either case (a) or (b), as set forth in Section
      11.1.2
      or as
      may be expressly authorized by the other Party in writing or as required by
      law
      or pursuant to a court order; provided,
      however,
      that
      prior to any compelled disclosure, the Party whose obligation it is to keep
      such
      information confidential will have given the other Party notice of the
      circumstances relating to such compelled disclosure and an opportunity to seek
      an appropriate protective order with respect thereto.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    11.1.2 Except
      as
      required by law or pursuant to a court order, each of General Moly and Buyer
      will:

    

    
      	 	
              (a)

            	
              use
                no less than the care a reasonably prudent Person would use in
                safeguarding his, her or its Confidential
                Information;

            

    

    

    
      	 	
              (b)

            	
              limit
                access to the other Party’s Confidential Information to its employees and
                representatives who require access to such Confidential Information
                for
                the purposes of performing its obligations hereunder and who have
                agreed
                to be bound by the terms of this Section 11;
                and

            

    

    

    
      	 	
              (c)

            	
              refrain
                from any action or conduct which might reasonably or foreseeably
                be
                expected to compromise the confidential, privileged or proprietary
                nature
                of the other Party’s Confidential Information.

            

    

    

    11.1.3 Each
      of
      General Moly and Buyer will comply with reasonable requests made by the
      other from time to time regarding the protection of the confidential, privileged
      and proprietary nature of the other Party’s Confidential Information. Upon the
      written request of either Party, the other Party will promptly return to the
      requesting Party all of the requesting Party’s Confidential Information,
      including any and all copies and summaries thereof, in each case in any format
      (whether written, electronic or otherwise). 

    

    11.1.4 For
      purposes of this Section 11,
      the
      term “General Moly” will include all Affiliates of General Moly, and the term
“Buyer” will include all Affiliates of Buyer. Nothing in this Section 11
      will
      operate to prevent a Party from disclosing such information as is required
      by
      applicable law or the rules or policies of any securities exchange on which
      a
      Party’s securities may be listed.

    

    12. Waiver.
      The
      failure of any Party to enforce at any time any of the provisions of this
      Agreement will in no way be construed to constitute a waiver of any such
      provision nor in any way to affect the validity of this Agreement or any part
      hereof, including the right of any Party thereafter to enforce each and every
      provision. The waiver by any Party of any breach or violation of any provision
      of this Agreement by the other Party will not operate or be construed to be
      a
      waiver of any subsequent breach or violation thereof.

    

    13. Governing
      Law.
      This
      Agreement will be governed by the laws of the State of New York, without giving
      effect to any of the provisions thereof that would require the application
      of
      the substantive laws of any other jurisdiction.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    14. Notices.
      All
      notices and other communications hereunder will be effective if in writing
      and
      delivered (a) in person (which will be deemed to be received upon receipt),
      (b)
      by overnight courier (which will be deemed to be received one Business Day
      thereafter), (c) by facsimile transmission (which will be deemed to be received
      upon receipt) or (d) mailed by certified mail, postage prepaid, return receipt
      requested (which will be deemed to be received three business days thereafter),
      as follows (or at such other address for a Party as will be specified by like
      notice):

     

    
      If
        to
        General Moly:

       

    

    
      	 	 	
              General
                Moly, Inc.

            

    

    
      	 	 	
              1726
                Cole Blvd., Suite 115

            

    

    
      	 	 	
              Lakewood,
                Colorado 80401

            

    

    Attention:
      Chief Executive Officer

    Facsimile:
      (303) 928-8598

    

    With
      a
      copy (which will not constitute notice) to:

    

    
      	 	
              Kirkpatrick
                & Lockhart Preston Gates Ellis
                LLP

            

    

    
      	 	
              925
                Fourth Avenue, Suite 2900

            

    

    
      	 	
              Seattle,
                Washington 98104

            

    

    Attention: Gary
      J.
      Kocher

    Facsimile: (206)
      623-7022

     

    
      If
        to
        Buyer:

    

    ArcelorMittal
      Purchasing
      SAS

    5
      rue
      Luigi Cherubini

    La
      Plaine
      Saint-Denis

    93212
      France

    Attention:
      General
      Manager Stainless Steel Raw Materials

    Facsimile:
      33 1
      7192 0996

    

    All
      such
      notices and other communications will be effective when received.

    

    15. Interpretation.
      The
      Parties have participated jointly in the negotiation and drafting of this
      Agreement. If an ambiguity or question of intent or interpretation arises,
      this
      Agreement will be construed as if drafted jointly by the Parties and no
      presumption or burden of proof will arise favoring or disfavoring any Party
      because of the authorship of any provision of this Agreement. 

    

    16. Assignment.
      This
      Agreement will be binding upon, enure to the benefit of and be enforceable
      by
      the respective successors and permitted assigns of the Parties. This Agreement
      may not be assigned or otherwise transferred by Buyer or General Moly
      without the prior written consent of the other Party; provided
      that
      Buyer may, without the consent of General Moly, assign its rights and
      obligations under this Agreement to an Affiliate of Buyer. Buyer hereby
      acknowledges that any proposed assignment by Buyer to any other Party, by
      operation of law or otherwise, is subject to General Moly’s consent, which will
      be in General Moly’s sole discretion and may be conditioned upon amendment to
      the payment terms set forth herein.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

    17. Relationship
      of the Parties.
      It is
      understood that each Party is conducting business as a separate and distinct
      legal entity. Under no circumstances will either Party, its agents and/or
      employees be considered agents, partners, representatives or employees of the
      other Party. Neither Party will have the right to act as the legal
      representative of the other Party or to bind such other Party in any respect
      whatsoever or to incur any debts or liability in the name of or on behalf of
      such other Party. This Agreement creates no relationships of joint venturers,
      partners, associates or principal and agent between the Parties.

    

    18.
       Severability.
      The
      provisions of this Agreement will be deemed severable and the invalidity or
      unenforceability of any provision will not affect the validity or enforceability
      of the other provisions hereof; provided
      that if
      any provision of this Agreement, as applied to any Party or to any circumstance,
      is adjudged by a governmental body, arbitrator, or mediator not to be
      enforceable in accordance with its terms, the Parties agree that the
      governmental body, arbitrator, or mediator making such determination will have
      the power to modify the provision in a manner consistent with its objectives
      such that it is enforceable, and/or to delete specific words or phrases, and
      in
      its reduced form, such provision will then be enforceable and will be
      enforced.

    

    19. Taxes
      and Expenses. Except
      as
      expressly provided herein, each Party will be responsible for payment of all
      taxes, if any, imposed upon it by applicable law in connection with this
      Agreement; provided, that with respect to any new or increased taxes that come
      into effect due to changes in law after the date of this Agreement, General
      Moly
      will only be responsible for the portion of such taxes that are commonly borne
      by suppliers of Products in the industry. Each Party will pay all of its own
      administrative expenses, including the fees and expenses of its counsel and
      other agents and representatives, incurred in connection with the preparation,
      execution and performance of this Agreement.

    

    20. Currency.
      All
      references to dollars or amounts of money in this Agreement will be in United
      States Dollars.

    

    21. Counterparts;
      Facsimile Signatures.
      This
      Agreement may be executed in two counterparts, and each such counterpart will
      be
      deemed to be an original instrument, but all such counterparts together will
      constitute but one agreement. This Agreement may be executed by facsimile
      signatures.

    

    22. Entire
      Agreement.
      This
      Agreement, including the attached Exhibits which are hereby incorporated herein
      by this reference, constitutes the entire agreement and understanding of the
      Parties in respect of its subject matter and supersedes all prior
      understandings, agreements, or representations by or among the Parties, written
      or oral, to the extent they relate in any way to the subject matter hereof,
      including that certain Non-Binding Letter of Intent between the Parties dated
      November 19, 2007. 

    

    23. Amendment.
      No
      amendment, modification or addition to this Agreement will be effective unless
      it is in writing and executed by both Parties.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    

    24. Arbitration.
      

    

    24.1 Good
      Faith Negotiation.
      In the
      event of any dispute, claim or controversy (except with respect to assaying
      issues as set forth in Section 4.3)
      (a
“Dispute”)
      arising out of or in connection with this Agreement, a Party may deliver written
      notice to the other Party of such Dispute requesting to resolve such Dispute
      pursuant to this Agreement. Upon delivery of such notice, members of senior
      management of each Party will meet as promptly as practicable in a good faith
      attempt to resolve such Dispute.

    

    24.2 Binding
      Arbitration. 
 

    24.2.1 If
      a
      Dispute is not resolved pursuant to Section
      24.1
      by the
      Parties within 30 days of the delivery of written notice thereof (or such
      longer period as the Parties may mutually agree), either Party may make a
      written demand for binding arbitration in accordance with this Section
      24.2.
      The
      Dispute will then be submitted to and resolved by binding arbitration in
      accordance with the Rules of Arbitration of the International Chamber of
      Commerce by an Arbitral Tribunal appointed in accordance with such Rules. The
      arbitration will be conducted in New York, New York. The Arbitral Tribunal
      shall
      comprise three arbitrators. Each of General Moly and Buyer will appoint one
      arbitrator. The two arbitrators so appointed will together appoint the third
      arbitrator. If the Buyer or General Moly fail to choose an arbitrator within
      14
      days after receiving notice of commencement of arbitration, or if the two
      arbitrators fail to choose a third arbitrator within 14 days after their
      appointment, the Court of Arbitration of the International Chamber of Commerce
      shall upon the request of the Buyer or General Moly appoint the arbitrator(s)
      to
      complete the Arbitral Tribunal. The arbitration will be governed in accordance
      with (i) the provisions of this Agreement and (ii) the governing law as
      specified in Section 16,
      except
      to the extent such law conflicts with the provisions of this Agreement, in
      which
      event the provisions of this Agreement will prevail. 

    

    24.2.2 The
      arbitration shall be conducted in English, and all documents delivered or
      produced pursuant to the arbitration shall be in English. The Parties will
      provide to the arbitrators all information pertaining to the dispute that the
      arbitrators may request, provided that all information supplied by any Party
      will be deemed to be confidential, and the arbitrators and other participants
      in
      the dispute will protect such information from disclosure to the same extent
      as
      provided in Section 12.
      

    

    24.2.3 The
      arbitrators will be instructed to render a decision within 60 days after
      selection and will be required to state in writing the reasoning on which the
      decision and any award rests. The arbitrators will have the power to award
      counsel fees and expenses, as well as dispute resolution costs (including any
      fee for the arbitrators), to the prevailing Party. Judgment upon the award
      rendered may be entered in any court having jurisdiction or application may
      be
      made to such court for a judicial acceptance of the award and an order of
      enforcement, as the case may be. The arbitrators will not award any
      consequential, incidental, indirect, special, punitive or exemplary damages
      hereunder or in connection herewith. The arbitration award shall be final and
      binding upon the Parties to such arbitration and may be enforced in any court
      having jurisdiction. 

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    

    24.2.4 The
      performance of this Agreement shall not be suspended, cease or be delayed by
      the
      reference of a Dispute to arbitration. 

    

    24.3 Limitations.
      Notwithstanding anything contained in this Section
      24,
      all
      disputes regarding Assay Adjustments will be resolved in accordance with
Section 4.3.
      In
      addition, nothing contained in this Section
      24
      will
      prohibit or limit any Party from seeking and obtaining equitable relief
      (including temporary restraining orders and preliminary and permanent
      injunctions or stays) to which it would otherwise be entitled from a court
      of
      competent jurisdiction.

    

    25. Limitation
      of Liability.
      UNDER
      NO CIRCUMSTANCES WILL GENERAL MOLY OR BUYER BE LIABLE FOR CONSEQUENTIAL,
      INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES HEREUNDER OR IN
      CONNECTION HEREWITH.

    

    26. Third
      Party Beneficiaries.
      Except
      as expressly contemplated by Sections
      9.4
      and
9.5,
      there
      are no third party beneficiaries having rights under or with respect to this
      Agreement. 

    

    27. Remedies
      Cumulative.
      All
      remedies available to the Parties for breach of this Agreement are cumulative
      and may be exercised concurrently or separately, and the exercise of any one
      remedy shall not be deemed an election of such remedy to the exclusion of other
      remedies.

    

    28. Safety,
      Health and the Environment.

    

    28.1 Safety
      at
      work, in particular safety of the Parties and their personnel and those of
      their
      visitors, is a priority for the Parties. Each Party fully endorses these
      policies and adopts them as its own, in so far as they relate to the performance
      of its obligations under this Agreement.

    

    28.2 Each
      Party’s staff shall comply with the relevant safety rules of applicable law,
      including those related to protective clothing and safety equipment and any
      local rules applicable to the plants.

    

    28.3 Each
      Party reserves the right to refuse access to any of its facilities to any of
      the
      other Party’s staff or those of its sub-contractors and suppliers for failure to
      comply with safety, health and environmental rules.

    

    28.4 General
      Moly shall not bring any radioactive, materials or equipment onto General Moly’s
      premises (but accepts no liability in relation to risk of such contamination
      by
      third parties, the transporter, or other causes beyond its reasonable
      control).

    

    28.5 Without
      prejudice to the generality of its obligations under this clause, each Party
      shall use all practicable and reasonable means to:

    

    28.5.1 prevent
      or counteract the unlawful emission of any hazardous and/or radioactive
      substance from the Products loaded hereunder;

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    

    28.5.2 avoid
      the
      unlawful discharge from the Products as loaded hereunder into any drains or
      other conducting media of any hazardous and/or radioactive
      substance;

    

    28.5.3 prevent
      the unlawful generation, accumulation or migration of any hazardous and/or
      radioactive substance from the Products loaded hereunder; and

    

    28.5.4 prevent
      any environmental claims arising, or any circumstances arising likely to result
      in any environmental claims, resulting from or caused by the condition of
      Products as loaded hereunder,

    

    in
      so far
      as such hazardous and/or radioactive substance is, or should be, under the
      control of such Party pursuant to this Agreement.

    

    29. Fraud.
      Each
      Party shall take all necessary steps, in accordance with good industry practice,
      to prevent any fraudulent activity by such Party (including its employees)
      in
      connection with invoicing or payment pursuant to this Agreement. Each Party
      shall notify the other immediately if it has discovered that any such fraud
      has
      occurred or is occurring. 

    

    30. Corruption.
      No
      Party has offered or given, or agreed to give, to any employee, servant or
      representative of the other Party any personal gift, commission or other
      consideration of any kind as an inducement or reward for doing, refraining
      from
      doing, or for having done or refrained from doing, any act in relation to the
      obtaining or execution or performance of this Agreement.

    

    [Signature
      page follows]

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, Buyer and General Moly have duly executed this Agreement
      as of the date first above written.

    
      	 	 	 
	 	GENERAL MOLY,
              INC.
	 
 	 
 	 
 
	
            	By:  	/s/ Bruce D. Hansen
	 	
              

              Name: 
                Bruce
                D. Hansen

            
	 	
              Title:   
                CEO 

            

    

    
      	 	 	 
	 	 
	 	ARCELORMITTAL PURCHASING
              SAS
	 
 	 
 	 
 
	
            	By:  	/s/ Alain Bouchard
	 	
              
Name: 
Alain
              Bouchard
	 	Title:    EVP
              Purchasing

    

     

     

    
      [Signature
        Page to Molybdenum Supply Agreement]

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Exhibit
      A

    

    Specifications

     

    SPECIFICATION
      FERRO-MOLYBDENUM

    

      
        	
                Mo

              	
                [****]

              
	 	 
	
                Cu

              	
                [****]

              
	 	 
	
                S

              	
                [****]

              
	 	 
	
                C

              	
                [****]

              
	 	 
	
                P

              	
                [****]

              
	 	 
	
                Si

              	
                [****]

              
	 	 
	
                Size

              	
                [****]

              

      

    

     

    SPECIFICATION
      MOLYBDENUM OXIDE

    

      
        	
                Mo

              	
                [****]

              
	 	 
	
                Cu

              	
                [****]

              
	 	 
	
                S

              	
                [****]

              
	 	 
	
                C

              	
                [****]

              
	 	 
	
                P

              	
                [****]

              
	 	 
	
                Si

              	
                [****]

              
	 	 
	
                Size

              	
                [****]

              

      

      
         

      

      
        
          
          

        

        
          A-1

          
            

          

        

        
          
          

        

      

    

     

    
      	
               

            	 	
              Mo

            	 	
              Cu

            	 	
              Bi

            	 	
              S

            	 	
              Al

            	 	
              P

            	 	
              Mn

            	 	
              Sn

            	 	
              Pb

            	 	
              C

            	 	
              Si

            	 	
              Size
                (mm)

            	 	
              Packaging

            	 	
              Specifications

            	 
	
              INDUSTEEL
                - LE CREUSOT

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              INDUSTEEL
                - FAFER

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              UGINE
                & ALZ / CARINOX

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              UGINE
                & ALZ / GENK

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              UGITECH
                / SAVOIE

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              IMPHY
                ALLOYS

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              SOLLAC
                FOS 

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.
                STEEL GENT

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.
                EISENHUTTENSTADT

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              ACESITA

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                RUHRORT

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                OSTRAVA

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                LAZARO CARDENAS

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                BURNS HARBOUR

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                RIVERSDALE

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                CLEVELAND

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                COATSVILLE

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
              [****]

            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              A.M.
                SPARROW POINT

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
               

            	 	
               

            	 	
              [****]

            	 	
               

            	 	
              [****]

            	 	
              [****]

            	 	
               

            	 

    

     

    
      
        
        

      

      
        A-2THIS
      PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES
      TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE
      NOT
      U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED
      STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT").

     

    NONE
      OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT RELATES HAVE BEEN
      REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS
      SO
      REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
      STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE
      PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
      FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF
      THE
      1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
      AND PROVINCIAL LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
      MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933
      ACT.

     

    SUBSCRIPTION
      AGREEMENT

    (Non-US
      Investors)

     

    THIS
      SUBSCRIPTION AGREEMENT
      made as
      of this day
      of
,
      2007
      between VANTECH
      PLASTICS CORP.
      (the
“Company”), a British Columbia corporation, and the undersigned
      (the “Subscriber”).

     

    WHEREAS:

     

    A. The
      Company desires to issue a maximum of shares
      of
      common stock of the Company at a price of US$______ per share (the “Offering”)
      in order to finance its business plan; and

     

    B. The
      Subscriber desires to acquire the number of common shares of the Offering,
      as
      set forth below, on the terms and subject to the conditions of this Subscription
      Agreement.

     

    NOW
      THEREFORE THIS SUBSCRIPTION AGREEMENT witnesses that,
      for
      good and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, the parties hereto agree as follows:

     

    
      	
              1.

            	
              Subscription

            

    

     

    1.1 The
      Subscriber hereby irrevocably subscribes for and agrees to purchase common
      shares in the capital of the Company (the "Shares") at a price of US$______
      per
      Share (such subscription and agreement to purchase being the "Subscription"),
      for the total purchase price of US$
      (the
      "Subscription Proceeds"), which is tendered herewith, on the basis of the
      representations and warranties and subject to the terms and conditions set
      forth
      herein.

     

    1.2 Subject
      to the terms hereof, the Subscription will be effective upon its acceptance
      by
      the Company. Any acceptance by the Company of the Subscription is conditional
      upon compliance with all securities laws and other applicable laws of the
      jurisdiction in which the Subscriber is resident.

     

    
      	
              2.

            	
              Payment

            

    

     

    2.1 The
      Subscription Proceeds must accompany this Subscription and shall be paid by
      cash
      or cheque or bank draft drawn on a major Canadian or U.S. chartered bank made
      payable to the Company and delivered to the Company or its lawyers or may be
      wired directly to either one of them. If the Subscription proceeds are delivered
      to the Company's lawyers, the Subscriber authorizes the Company's lawyers to
      deliver the Subscription Proceeds to the Company on the Closing Date.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.2 The
      Subscriber acknowledges and agrees that this Subscription Agreement, the
      Subscription Proceeds and any other documents delivered in connection herewith
      will be held by the Company's lawyers on behalf of the Company. In the event
      that this Subscription Agreement is not accepted by the Company for whatever
      reason within 30 days of the delivery of an executed Subscription Agreement
      by
      the Subscriber, this Subscription Agreement, the Subscription Proceeds and
      any
      other documents delivered in connection herewith will be returned to the
      Subscriber at the address of the Subscriber as set forth in this Subscription
      Agreement.

     

    2.3 Where
      the
      Subscription Proceeds are paid to the Company, the Company is entitled to treat
      such Subscription Proceeds as an interest free loan to the Company until such
      time as the Subscription is accepted and the certificates representing the
      Shares have been issued to the Subscriber.

     

    
      	
              3.

            	
              Documents
                Required from
                Subscriber

            

    

     

    3.1 The
      Subscriber must complete, sign and return to the Company two (2) executed copies
      of this Subscription Agreement.

     

    3.2 The
      Subscriber shall complete, sign and return to the Company as soon as possible,
      on request by the Company, any documents, questionnaires, notices and
      undertakings as may be required by any regulatory authorities, stock exchanges,
      or applicable laws.

     

    
      	
              4.

            	
              Closing

            

    

     

    4.1 Closing
      of the offering of the Shares (the "Closing") shall occur on or before
      _____________, 2007, or on such other date as may be determined by the Company
      (the "Closing Date").

     

    
      	
              5.

            	
              Acknowledgements
                of Subscriber

            

    

     

    5.1 The
      Subscriber acknowledges and agrees that:

     

    
      	 	
              (a)

            	
              none
                of the Shares have been or will be registered under the 1933 Act,
                or under
                any state securities or "blue sky" laws of any state of the United
                States,
                and, unless so registered, may not be offered or sold in the United
                States
                or, directly or indirectly, to U.S. Persons, as that term is defined
                in
                Regulation S under the 1933 Act ("Regulation S"), except in accordance
                with the provisions of Regulation S, pursuant to an effective registration
                statement under the 1933 Act, or pursuant to an exemption from, or
                in a
                transaction not subject to, the registration requirements of the
                1933 Act
                and in each case only in accordance with any applicable state securities
                and provincial laws;

            

    

     

    
      	 	
              (b)

            	
              the
                Company has not undertaken, and will have no obligation, to register
                any
                of the Shares under the 1933 Act or qualify any of the Shares under
                any
                state or provincial securities
                laws;

            

    

     

    
      	 	
              (c)

            	
              the
                Subscriber has received and carefully read this Subscription
                Agreement;

            

    

     

    
      	 	
              (d)

            	
              the
                decision to execute this Subscription Agreement and purchase the
                Shares
                agreed to be purchased hereunder has not been based upon any oral
                or
                written representation as to fact or otherwise made by or on behalf
                of the
                Company;

            

    

     

    
      	 	
              (e)

            	
              the
                Subscriber and the Subscriber's advisor(s) have had a reasonable
                opportunity to ask questions of and receive answers from the Company
                in
                connection with the Offering, and to obtain additional information,
                to the
                extent possessed or obtainable by the Company without unreasonable
                effort
                or expense;

            

    

     

    
      	 	
              (f)

            	
              the
                books and records of the Company were available upon reasonable notice
                for
                inspection, subject to certain confidentiality restrictions, by
                Subscribers during reasonable business hours at its principal place
                of
                business and that all documents, records and books in connection
                with the
                Offering have been made available for inspection by the Subscriber,
                the
                Subscriber's attorney and/or
                advisor(s);

            

    

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (g)

            	
              the
                Company is entitled to rely on the representations and warranties
                of the
                Subscriber contained in this Subscription Agreement and the Subscriber
                will hold harmless the Company from any loss or damage it or they
                may
                suffer as a result of the Subscriber's failure to correctly complete
                this
                Subscription Agreement;

            

    

     

    
      	 	
              (h)

            	
              the
                Subscriber will indemnify and hold harmless the Company and, where
                applicable, its respective directors, officers, employees, agents,
                advisors and shareholders from and against any and all loss, liability,
                claim, damage and expense whatsoever (including, but not limited
                to, any
                and all fees, costs and expenses whatsoever reasonably incurred in
                investigating, preparing or defending against any claim, lawsuit,
                administrative proceeding or investigation whether commenced or
                threatened) arising out of or based upon any representation or warranty
                of
                the Subscriber contained herein or in any document furnished by the
                Subscriber to the Company in connection herewith being untrue in
                any
                material respect or any breach or failure by the Subscriber to comply
                with
                any covenant or agreement made by the Subscriber to the Company in
                connection therewith;

            

    

     

    
      	 	
              (i)

            	
              the
                Subscriber has been advised to consult the Subscriber’s own legal, tax and
                other advisors with respect to the merits and risks of an investment
                in
                the Shares and with respect to applicable resale restrictions and
                the
                Subscriber is solely responsible (and the Company is not in any way
                responsible) for compliance with applicable resale
                restrictions;

            

    

     

    
      	 	
              (j)

            	
              there
                is no market for the Shares, no market for the Shares may ever exist
                and
                none of the Shares are listed on any stock exchange or automated
                dealer
                quotation system and no representation has been made to the Subscriber
                that any of the Shares will become listed on any stock exchange or
                automated dealer quotation system;

            

    

     

    
      	 	
              (k)

            	
              the
                Company is a “private issuer” as that term is defined in National
                Instrument (“NI 45-106”), as adopted by the British Columbia Securities
                Commission, and as such, until the Company ceases to be a “private
                issuer”:

            

    

     

    
      	 	
              (i)

            	
              the
                securities of the Company cannot be transferred without the previous
                consent of the Company’s board of directors, expressed by resolution of
                the board, at their sole discretion;
                and

            

    

     

    
      	 	
              (ii)

            	
              there
                are restrictions on the number of shareholders of the
                Company;

            

    

     

    
      	 	
              (l)

            	
              the
                Subscriber is acquiring the Shares pursuant to an exemption from
                the
                registration and prospectus requirements of applicable securities
                legislation in all jurisdictions relevant to this Subscription, and,
                as a
                consequence, the Subscriber will not be entitled to use most of the
                civil
                remedies available under applicable securities legislation and the
                Subscriber will not receive information that would otherwise be required
                to be provided to the Subscriber pursuant to applicable securities
                legislation;

            

    

     

    
      	 	
              (m)

            	
              the
                Subscriber has been advised that the business of the Company is in
                a
                start-up phase and acknowledges that there is no assurance that the
                Company will raise sufficient funds to adequately capitalize the
                business
                or that the business will be profitable in the
                future;

            

    

     

    
      	 	
              (n)

            	
              the
                Company is not a reporting issuer in any Canadian province and
                accordingly, resale of any of the Shares in Canada is restricted
                except
                pursuant to an exemption from applicable securities
                legislation;

            

    

     

     

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

     

    
       

      
        	 	
                (o)

              	
                neither
                  the SEC nor any other securities commission or similar regulatory
                  authority has reviewed or passed on the merits of the
                  Shares;

              

      

    

     

    
      	 	
              (p)

            	
              no
                documents in connection with the Offering have been reviewed by the
                SEC or
                any state securities administrators;

            

    

     

    
      	 	
              (q)

            	
              there
                is no government or other insurance covering any of the
                Shares;

            

    

     

    
      	 	
              (r)

            	
              the
                issuance and sale of the Shares to the Subscriber will not be completed
                if
                it would be unlawful or if, in the discretion of the Company acting
                reasonably, it is not in the best interests of the
                Company;

            

    

     

    
      	 	
              (s)

            	
              the
                statutory and regulatory basis for the exemption claimed for the
                offer and
                sale of the Shares, although in technical compliance with Regulation
                S,
                would not be available if the offering is part of a plan or scheme
                to
                evade the registration provisions of the 1933 Act;
                and

            

    

     

    
      	 	
              (t)

            	
              this
                Subscription Agreement is not enforceable by the Subscriber unless
                it has
                been accepted by the Company.

            

    

     

    
      	
              6.

            	
              Representations,
                Warranties and Covenants of the
                Subscriber

            

    

     

    
      	
              6.1

            	
              The
                Subscriber hereby represents and warrants to and covenants with the
                Company (which representations, warranties and covenants shall survive
                the
                Closing) that:

            

    

     

    
      	 	
              (a)

            	
              the
                Subscriber is not a U.S. Person;

            

    

     

    
      	 	
              (b)

            	
              the
                Subscriber is not acquiring the Shares for the account or benefit
                of,
                directly or indirectly, any U.S.
                Person;

            

    

     

    
      	 	
              (c)

            	
              the
                Subscriber is resident in the jurisdiction set out under the heading
                "Name
                and Address of Subscriber" on the signature page of this Subscription
                Agreement and the sale of the Shares to the Subscriber as contemplated
                in
                this Subscription Agreement complies with or is exempt from the applicable
                securities legislation of the jurisdiction of residence of the
                Subscriber;

            

    

     

    
      	 	
              (d)

            	
              the
                Subscriber is purchasing the Shares as principal for investment purposes
                only and not with a view to resale or distribution and, in particular,
                the
                Subscriber has no intention to distribute, either directly or indirectly,
                any of the Shares in the United States or to U.S. Persons;
                

            

    

     

    
      	 	
              (e)

            	
              the
                Subscriber is outside the United States when receiving and executing
                this
                Subscription Agreement;

            

    

     

    
      	 	
              (f)

            	
              the
                Subscriber is not an underwriter of, or dealer in, the common shares
                of
                the Company, nor is the Subscriber participating, pursuant to a
                contractual agreement or otherwise, in the distribution of the
                Shares;

            

    

     

    
      	 	
              (g)

            	
              the
                Subscriber understands and agrees that none of the Shares have been
                registered under the 1933 Act, or under any state securities or "blue
                sky"
                laws of any state of the United States, and, unless so registered,
                may not
                be offered or sold in the United States or, directly or indirectly,
                to
                U.S. Persons except in accordance with the provisions of Regulation
                S,
                pursuant to an effective registration statement under the 1933 Act,
                or
                pursuant to an exemption from, or in a transaction not subject to,
                the
                registration requirements of the 1933 Act and in each case only in
                accordance with applicable state and provincial securities
                laws;

            

    

     

    
      	 	
              (h)

            	
              the
                Subscriber understands and agrees that offers and sales of any of
                the
                Shares prior to the expiration of a period of one year after the
                date of
                original issuance of the Shares (the one year period hereinafter
                referred
                to as the "Distribution Compliance Period") shall only be made in
                compliance with the safe harbor provisions set forth in Regulation
                S,
                pursuant to the registration provisions of the 1933 Act or an exemption
                therefrom;

            

    

     

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (i)

            	
              the
                Subscriber understands and agrees not to engage in any hedging
                transactions involving any of the Shares unless such transactions
                are in
                compliance with the provisions of the 1933
                Act;

            

    

     

    
      	 	
              (j)

            	
              the
                Subscriber understands and agrees that the Company will refuse to
                register
                any transfer of the Shares not made in accordance with the provisions
                of
                Regulation S, pursuant to an effective registration statement under
                the
                1933 Act or pursuant to an available exemption from the registration
                requirements of the 1933 Act;

            

    

     

    
      	 	
              (k)

            	
              the
                Subscriber acknowledges that the Subscriber has not acquired the
                Shares as
                a result of, and will not itself engage in, any "directed selling
                efforts"
                (as defined in Regulation S under the 1933 Act) in the United States
                in
                respect of any of the Shares which would include any activities undertaken
                for the purpose of, or that could reasonably be expected to have
                the
                effect of, conditioning the market in the United States for the resale
                of
                any of the Shares; provided, however, that the Subscriber may sell
                or
                otherwise dispose of any of the Shares pursuant to registration of
                any of
                the Shares pursuant to the 1933 Act and any applicable state securities
                laws or under an exemption from such registration requirements and
                as
                otherwise provided herein;

            

    

     

    
      	 	
              (l)

            	
              the
                Subscriber is aware that an investment in the Company is speculative
                and
                involves certain risks, including the possible loss of the entire
                investment;

            

    

     

    
      	 	
              (m)

            	
              the
                Subscriber has made an independent examination and investigation
                of an
                investment in the Shares and the Company and has depended on the
                advice of
                the Subscriber’s legal and financial advisors and agrees that the Company
                will not be responsible in anyway whatsoever for the Subscriber's
                decision
                to invest in the Shares and the
                Company;

            

    

     

    
      	 	
              (n)

            	
              the
                Subscriber (i) has adequate net worth and means of providing for
                its
                current financial needs and possible personal contingencies, (ii)
                has no
                need for liquidity in this investment, and (iii) is able to bear
                the
                economic risks of an investment in the Shares for an indefinite period
                of
                time;

            

    

     

    
      	 	
              (o)

            	
              it
                (i) is able to fend for itself in the Subscription; (ii) has such
                knowledge and experience in financial and business matters as to
                be
                capable of evaluating the merits and risks of its investment in the
                Shares
                and the Company; and (iii) has the ability to bear the economic risks
                of
                its prospective investment and can afford the complete loss of such
                investment;

            

    

     

    
      	 	
              (p)

            	
              the
                Subscriber recognizes that the purchase of Shares involves a high
                degree
                of risk in that the Company does not have any commercial operations
                or
                other business assets and may require substantial funds in addition
                to the
                proceeds of this Offering;

            

    

     

    
      	 	
              (q)

            	
              the
                Subscriber understands and agrees that the Company and others will
                rely
                upon the truth and accuracy of the acknowledgements, representations
                and
                agreements contained in this Subscription Agreement and agrees that
                if any
                of such acknowledgements, representations and agreements are no longer
                accurate or have been breached, the Subscriber shall promptly notify
                the
                Company;

            

    

     

    
      	 	
              (r)

            	
              the
                Subscriber has the legal capacity and competence to enter into and
                execute
                this Subscription Agreement and to take all actions required pursuant
                hereto and, if the Subscriber is a corporation, it is duly incorporated
                and validly subsisting under the laws of its jurisdiction of incorporation
                and all necessary approvals by its directors, shareholders and others
                have
                been obtained to authorize execution and performance of this Subscription
                Agreement on behalf of the
                Subscriber;

            

    

     

    
      	 	
              (s)

            	
              the
                entering into of this Subscription Agreement and the transactions
                contemplated hereby do not result in the violation of any of the
                terms and
                provisions of any law applicable to, or the constating documents
                of, the
                Subscriber or of any agreement, written or oral, to which the Subscriber
                may be a party or by which the Subscriber is or may be
                bound;

            

    

     

    
      
        
        

      

      
        -
          5
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (t)

            	
              the
                Subscriber has duly executed and delivered this Subscription Agreement
                and
                it constitutes a valid and binding agreement of the Subscriber enforceable
                against the Subscriber in accordance with its
                terms;

            

    

     

    
      	 	
              (u)

            	
              if
                it is acquiring the Shares as a fiduciary or agent for one or more
                investor accounts, it has sole investment discretion with respect
                to each
                such account and it has full power to make the foregoing acknowledgments,
                representations and agreements on behalf of such
                account;

            

    

     

    
      	 	
              (v)

            	
              the
                Subscriber is not aware of any advertisement of any of the Shares
                and is
                not acquiring the Shares as a result of any form of general solicitation
                or general advertising including advertisements, articles, notices
                or
                other communications published in any newspaper, magazine or similar
                media
                or broadcast over radio or television, or any seminar or meeting
                whose
                attendees have been invited by general solicitation or general
                advertising;

            

    

     

    
      	 	
              (w)

            	
              no
                person has made to the Subscriber any written or oral
                representations:

            

    

     

    
      	 	
              (i)

            	
              that
                any person will resell or repurchase any of the
                Shares;

            

    

     

    
      	 	
              (ii)

            	
              that
                any person will refund the purchase price of any of the
                Shares;

            

    

     

    
      	 	
              (iii)

            	
              as
                to the future price or value of any of the Shares;
                or

            

    

     

    
      	 	
              (iv)

            	
              that
                any of the Shares will be listed and posted for trading on any stock
                exchange or automated dealer quotation system or that application
                has been
                made to list and post any of the Shares of the Company on any stock
                exchange or automated dealer quotation system;
                and

            

    

     

    
      
        	
              	(x)	
                the
                  Subscriber is (tick
                  one or more of the following boxes):

              

      

       

      
        
          	
                   

                  A.

                	
                   

                  a
                    director, officer, employee, founder or control person of the
                    Company

                
	
                   

                  B.

                	
                   

                  a
                    spouse, parent, grandparent, brother, sister or child of a director,
                    executive officer, founder or control person of the
                    Company

                
	
                   

                  C.

                	
                   

                  a
                    parent, grandparent, brother, sister, child of the spouse of
                    a director,
                    executive officer, founder or control person of the
                    Company

                
	
                   

                  D.

                	
                   

                  a
                    close personal friend of a director, executive officer or control
                    person
                    of the Company

                
	
                   

                  E.

                	
                   

                  a
                    close business associate of a director, executive officer or
                    control
                    person of the Company

                
	
                   

                  F.

                	
                   

                  a
                    current holder of common shares or other designated securities
                    of the
                    Company

                
	
                   

                  G.

                	
                   

                  an
                    accredited investor

                
	
                   

                  H.

                	
                   

                  a
                    company, partnership or other entity of which a majority of the
                    voting
                    securities are beneficially owned by, or a majority of the directors
                    are,
                    persons described in paragraphs A to
                    G

                

        

         

      

    

    
      
        
        

      

      
        -
          6
          -

        
          

        

      

      
        
        

      

    

     

    
      
        	
                 

                I.

              	
                 

                a
                  trust or estate of which all of the beneficiaries or a majority
                  of the
                  trustees or executors are persons described in paragraphs A to
                  G

              

      

       

    

    6.2 If
      the
      Subscriber has ticked one or more of boxes B, C, D, E, H or I in Section
6.1(x)
      above,
      the director(s), executive officer(s), or control person(s) of the Company
      with
      whom the Subscriber has the relationship is:

     

    
      	 
	 
	 
	 
	 
	 
	
              (Instructions
                to Subscriber: fill in the name of each director. executive officer,
                founder and control person with whom you have the above-mentioned
                relationship. If you have checked box H or I, also indicate which
                of A to
                G describes the securityholders, directors, trustees or beneficiaries
                which qualify you as box H or I and provide the names of those
                individuals. Please attach a separate page if
                necessary.)

            

    

     

    6.3 If
      the
      Subscriber has ticked box G in Section 6.1(x)
      above,
      the Subscriber acknowledges and agrees that the Company shall not consider
      the
      Subscriber's Subscription for acceptance unless the Subscriber provides to
      the
      Company, along with an executed copy of this Subscription:

     

    
      	 	
              (a)

            	
              a
                fully completed and executed Accredited Investor Questionnaire in
                the form
                attached as Exhibit 1 hereto;
                and

            

    

     

    
      	 	
              (b)

            	
              such
                other supporting documentation that the Company or its legal counsel
                may
                request to establish the Subscriber's qualification as an accredited
                investor.

            

    

     

    6.4 The
      Subscriber acknowledges that the representations and warranties contained herein
      and, if applicable, in an Accredited Investor Questionnaire, are made by the
      Subscriber with the intention that they may be relied upon by the Company and
      its legal counsel in determining the Subscriber's eligibility to acquire the
      Shares under relevant legislation. The Subscriber further agrees that by
      accepting delivery of the Shares, the Subscriber will be representing and
      warranting that the foregoing representations and warranties are true and
      correct as at the time of delivery of such Shares with the same force and effect
      as if they had been made by the Subscriber at such time, and that they shall
      survive the completion of the transactions contemplated under this Subscription
      and remain in full force and effect thereafter for the benefit of the Company
      for a period of one year.

     

    6.5 In
      this
      Subscription Agreement, the term "U.S. Person" shall mean:

     

    
      	 	
              (a)

            	
              any
                natural person resident in the United
                States;

            

    

     

    
      	 	
              (b)

            	
              any
                partnership or corporation organized or incorporated under the laws
                of the
                United States;

            

    

     

    
      	 	
              (c)

            	
              any
                estate of which any executor or administrator is a U.S.
                person;

            

    

     

    
      	 	
              (d)

            	
              any
                trust of which any trustee is a U.S.
                person;

            

    

     

    
      	 	
              (e)

            	
              any
                agency or branch of a foreign entity located in the United
                States;

            

    

     

    
      	 	
              (f)

            	
              any
                non-discretionary account or similar account (other than an estate
                or
                trust) held by a dealer or other fiduciary for the benefit or account
                of a
                U.S. person;

            

    

     

    
      
        
        

      

      
        -
          7
          -

        
          

        

      

      
        
        

      

    

    
       

      
        	 	
                (g)

              	
                any
                  discretionary account or similar account (other than an estate
                  or trust)
                  held by a dealer or other fiduciary organized, incorporated, or
                  (if an
                  individual) resident in the United States;
                  and

              

      

    

     

    
      	 	
              (h)

            	
              any
                partnership or corporation if:

            

    

     

    
      	 	
              (i)

            	
              organized
                or incorporated under the laws of any foreign jurisdiction;
                and

            

    

     

    
      	 	
              (ii)

            	
              formed
                by a U.S. person principally for the purpose of investing in securities
                not registered under the 1933 Act, unless it is organized or incorporated,
                and owned, by accredited investors, as that term is defined in Regulation
                D of the 1933 Act, who are not natural persons, estates or
                trusts.

            

    

     

    
      	
              7.

            	
              Representations
                by the Company

            

    

     

    7.1 The
      Company represents and warrants to the Subscriber that:

     

    
      	 	
              (a)

            	
              the
                Company is a corporation duly organized, existing and in good standing
                under the laws of the Province of British Columbia and has the corporate
                power to conduct the business which it conducts and proposes to conduct;
                and

            

    

     

    
      	 	
              (b)

            	
              upon
                issue, the Shares will be duly and validly issued, fully paid and
                non-assessable common shares in the capital of the
                Company.

            

    

     

    
      	
              8.

            	
              Representations
                and Warranties will be Relied Upon by the
                Company

            

    

     

    8.1 The
      Subscriber acknowledges that the representations and warranties contained herein
      are made by it with the intention that such representations and warranties
      may
      be relied upon by the Company and its legal counsel in determining the
      Subscriber's eligibility to purchase the Shares under applicable securities
      legislation, or (if applicable) the eligibility of others on whose behalf it
      is
      contracting hereunder to purchase the Shares under applicable securities
      legislation. The Subscriber further agrees that by accepting delivery of the
      certificates representing the Shares on the Closing Date, it will be
      representing and warranting that the representations and warranties contained
      herein are true and correct as at the Closing Date with the same force and
      effect as if they had been made by the Subscriber on the Closing Date and that
      they will survive the purchase by the Subscriber of Shares and will continue
      in
      full force and effect notwithstanding any subsequent disposition by the
      Subscriber of such Shares.

     

    
      	
              9.

            	
              Canadian
                Resale Restrictions

            

    

     

    9.1 The
      Subscriber acknowledges that (i) the Shares are subject to resale restrictions
      in Canada and may not be traded except as permitted by the various securities
      acts of the provinces of Canada and the rules made thereunder, and (ii) that
      the
      Subscriber has been advised to consult the Subscriber's own legal advisors
      with
      respect to the applicable resale restrictions, and it is solely responsible
      (and
      the Company is not in any way responsible) for compliance with:

     

    
      	 	
              (a)

            	
              any
                applicable laws of the jurisdiction in which the Subscriber is resident
                in
                connection with the distribution of the Securities hereunder,
                and

            

    

     

    
      	 	
              (b)

            	
              applicable
                resale restrictions.

            

    

     

    9.2 Pursuant
      to National Instrument 45-102, as adopted by the provincial securities
      commission, a subsequent trade in the Shares will be a distribution subject
      to
      the prospectus and registration requirements of applicable Canadian securities
      legislation unless certain conditions are met, which conditions include a hold
      period (the "Canadian Hold Period") that shall have elapsed from the date on
      which the Shares were issued to the Subscriber and, during the currency of
      the
      Canadian Hold Period, any certificate representing the Shares is to be imprinted
      with a restrictive legend (the "Canadian Legend").

     

    
      
        
        

      

      
        -
          8
          -

        
          

        

      

      
        
        

      

    

     

    9.3 By
      executing and delivering this Subscription Agreement, the Subscriber will have
      directed the Company not to include the Canadian Legend on any certificates
      representing the Shares to be issued to the Subscriber.

     

    9.4 As
      a
      consequence, the Subscriber will not be able to rely on the resale provisions
      of
      National Instrument 45-102, and any subsequent trade in the Shares during or
      after the Canadian Hold Period will be a distribution subject to the prospectus
      and registration requirements of Canadian securities legislation, to the extent
      that the trade is at that time subject to any such Canadian securities
      legislation.

     

    
      	
              10.

            	
              Resale
                Restrictions

            

    

     

    10.1 The
      Subscriber acknowledges that any resale of the Shares will be subject to resale
      restrictions contained in the securities legislation applicable to each
      Subscriber or proposed transferee. The Subscriber acknowledges that the Shares
      have not been registered under the 1933 Act of the securities laws of any state
      of the United States and that the Company does not intend to register same
      under
      the 1933 Act, or the securities laws of any such state and has no obligation
      to
      do so. The Shares may not be offered or sold in the United States unless
      registered in accordance with United States federal securities laws and all
      applicable state securities laws or exemptions from such registration
      requirements are available.

     

    
      	
              11.

            	
              Acknowledgement
                and Waiver

            

    

     

    11.1 The
      Subscriber has acknowledged that the decision to purchase the Shares was solely
      made on the basis of publicly available information. The Subscriber hereby
      waives, to the fullest extent permitted by law, any rights of withdrawal,
      rescission or compensation for damages to which the Subscriber might be entitled
      in connection with the distribution of any of the Shares.

     

    
      	
              12.

            	
              Legending
                and Registration of Subject
                Shares

            

    

     

    12.1 The
      Subscriber hereby acknowledges that a legend may be placed on the certificates
      representing any of the Shares to the effect that the Shares represented by
      such
      certificates are subject to a hold period and may not be traded until the expiry
      of such hold period except as permitted by applicable securities
      legislation.

     

    12.2 The
      Subscriber hereby acknowledges and agrees to the Company making a notation
      on
      its records or giving instructions to the registrar and transfer agent of the
      Company in order to implement the restrictions on transfer set forth and
      described in this Subscription Agreement.

     

    
      	
              13.

            	
              Costs

            

    

     

    13.1 The
      Subscriber acknowledges and agrees that all costs and expenses incurred by
      the
      Subscriber (including any fees and disbursements of any special counsel retained
      by the Subscriber) relating to the purchase of the Shares shall be borne by
      the
      Subscriber.

     

    
      	
              14.

            	
              Governing
                Law

            

    

     

    14.1 This
      Subscription Agreement is governed by the laws of the Province of British
      Columbia. The Subscriber, in its personal or corporate capacity and, if
      applicable, on behalf of each beneficial purchaser for whom it is acting,
      irrevocably attorns to the jurisdiction of the Province of British
      Columbia.

     

    
      	
              15.

            	
              Survival

            

    

     

    15.1 This
      Subscription Agreement, including without limitation the representations,
      warranties and covenants contained herein, shall survive and continue in full
      force and effect and be binding upon the parties hereto notwithstanding the
      completion of the purchase of the Shares by the Subscriber pursuant
      hereto.

     

    
      
        
        

      

      
        -
          9
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              16.

            	
              Assignment

            

    

     

    16.1 This
      Subscription Agreement is not transferable or assignable.

     

    
      	
              17.

            	
              Execution

            

    

     

    17.1 The
      Company shall be entitled to rely on delivery by facsimile machine of an
      executed copy of this Subscription Agreement and acceptance by the Company
      of
      such facsimile copy shall be equally effective to create a valid and binding
      agreement between the Subscriber and the Company in accordance with the terms
      hereof.

     

    
      	
              18.

            	
              Severability

            

    

     

    18.1 The
      invalidity or unenforceability of any particular provision of this Subscription
      Agreement shall not affect or limit the validity or enforceability of the
      remaining provisions of this Subscription Agreement.

     

    
      	
              19.

            	
              Entire
                Agreement

            

    

     

    19.1 Except
      as
      expressly provided in this Subscription Agreement and in the agreements,
      instruments and other documents contemplated or provided for herein, this
      Subscription Agreement contains the entire agreement between the parties with
      respect to the sale of the Shares and there are no other terms, conditions,
      representations or warranties, whether expressed, implied, oral or written,
      by
      statute or common law, by the Company or by anyone else.

     

    
      	
              20.

            	
              Notices

            

    

     

    20.1 All
      notices and other communications hereunder shall be in writing and shall be
      deemed to have been duly given if mailed or transmitted by any standard form
      of
      telecommunication. Notices to the Subscriber shall be directed to the address
      on
      page 11 and notices to the Company shall be directed to it at 7986
      Alexander Road, Delta, British Columbia V4G 1G7 Attention: The
      President.

     

    
      
        
        

      

      
        -
          10
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              21.

            	
              Counterparts

            

    

     

    21.1 This
      Subscription Agreement may be executed in any number of counterparts, each
      of
      which, when so executed and delivered, shall constitute an original and all
      of
      which together shall constitute one instrument.

     

    IN
      WITNESS WHEREOF
      the
      Subscriber has duly executed this Subscription Agreement as of the date first
      above mentioned.

     

    DELIVERY
      INSTRUCTIONS

     

    
      
        	
                1.

              	
                Delivery
                  - please deliver the certificates to:

              
	 	 
	 	 
	 	 
	
                2.

              	
                Registration
                  - registration of the certificates which are to be delivered at
                  closing
                  should be made as follows:

              
	 	 
	 	
                (name)

              
	 	 
	 	
                (address)

              
	 	 
	
                3.

              	
                The
                  undersigned hereby acknowledges that it will deliver to the Company
                  all
                  such additional completed forms in respect of the Subscriber's
                  purchase of
                  the Shares as may be required for filing with the appropriate securities
                  commissions and regulatory
                  authorities.

              

      

    

    

    
      	 
	
              (Name
                of Subscriber - Please type or print)

            
	 
	 
	
              (Signature
                and, if applicable, Office)

            
	 
	 
	
              (Address
                of Subscriber)

            
	 
	 
	
              (City,
                State or Province, Postal Code of Subscriber)

            
	 
	 
	
              (Country
                of Subscriber)

            

    

     

    
      
        
        

      

      
        -
          11
          -

        
          

        

      

      
        
        

      

    

     

    ACCEPTANCE

     

    The
      above-mentioned Subscription Agreement in respect of the Shares is hereby
      accepted by VANTECH
      PLASTICS CORP.

     

    DATED
      at
      ___________________________________________, the day
      of
,
      2007.

     

    
      	
              VANTECH
                PLASTICS
                CORP.

            
	 	 
	 Per:	 
	
               

            	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
        -
          12
          -

        
          

        

      

      
        
        

      

    

     

    
      EXHIBIT
        1

       

      NI
        45-106 ACCREDITED INVESTOR QUESTIONNAIRE

       

      All
        capitalized terms herein, unless otherwise defined, have the meanings ascribed
        thereto in the Subscription. 

       

      The
        purpose of this Questionnaire is to assure the Company that each purchaser
        will
        meet certain requirements of National
        Instrument 45-106 (“NI 45-106”).
        The
        Company will rely on the information contained in this Questionnaire for
        the
        purposes of such determination.

       

      The
        undersigned (the “Subscriber”) covenants, represents and warrants to the Company
        that:

       

      
        	 	
                1.

              	
                the
                  Subscriber has such knowledge and experience in financial and business
                  matters as to be capable of evaluating the merits and risks of
                  the
                  transactions detailed in the Subscription and the Subscriber is
                  able to
                  bear the economic risk of loss arising from such
                  transactions;

              

      

       

      
        	 	
                2.

              	
                the
                  Subscriber satisfies one or more of the categories of “accredited
                  investor” (as that term is defined in NI 45-106) indicated below (please
                  check the appropriate box):

              

      

       

      
        	 	 	
                (a)
                  a Canadian financial institution as defined in National Instrument
                  14-101,
                  or an authorized foreign bank listed in Schedule III of the Bank
                  Act
                  (Canada); 

              

      

       

      
        	 	 	
                (b)
                  the Business Development Bank of Canada incorporated under the
                  Business
                  Development Bank Act
                  (Canada);

              

      

       

      
        	 	 	
                (c)
                  a subsidiary of any person referred to in any of the foregoing
                  categories,
                  if the person owns all of the voting securities of the subsidiary,
                  except
                  the voting securities required by law to be owned by directors
                  of that
                  subsidiary;

              

      

       

      
        	 	 	
                (d)
                  an individual registered or formerly registered under securities
                  legislation in a jurisdiction of Canada, as a representative of
                  a person
                  or company registered under securities legislation in a jurisdiction
                  of
                  Canada, as an adviser or dealer, other than a limited market dealer
                  registered under the Securities
                  Act
                  (Ontario) or the Securities
                  Act
                  (Newfoundland);

              

      

       

      
        	 	 	
                (e)
                  an individual registered or formerly registered under the securities
                  legislation of a jurisdiction of Canada as a representative of
                  a person
                  referred to in paragraph (d);

              

      

       

      
        	 	 	
                (f)
                  the government of Canada or a province, or any crown corporation
                  or agency
                  of the government of Canada or a
                  province;

              

      

       

      
        	 	 	
                (g)
                  a municipality, public board or commission in Canada and a metropolitan
                  community, school board, the Comite de gestion de la taxe scholaire
                  de
                  l’ile de Montreal or an intermunicipal management board in
                  Québec;

              

      

       

      
        	 	 	
                (h)
                  a national, federal, state, provincial, territorial or municipal
                  government of or in any foreign jurisdiction, or any agency
                  thereof;

              

      

       

      
        	 	 	
                (i)
                  a pension fund that is regulated by either the Office of the
                  Superintendent of Financial Institutions (Canada) or a pension
                  commission
                  or similar regulatory authority of a jurisdiction of
                  Canada;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	 	 	
                (j)
                  an individual who either alone or with a spouse beneficially owns,
                  directly or indirectly, financial assets (as defined in NI 45-106)
                  having
                  an aggregate realizable value that, before taxes but net of any
                  related
                  liabilities, exceeds CDN$1,000,000;

              

      

       

      
        	 	 	
                (k)
                  an individual whose net income before taxes exceeded CDN$200,000
                  in each
                  of the two more recent calendar years or whose net income before
                  taxes
                  combined with that of a spouse exceeded $300,000 in each of those
                  years
                  and who, in either case, reasonably expects to exceed that net
                  income
                  level in the current calendar year;

              

      

       

      
        	 	 	
                (l)
                  an individual who, either alone or with a spouse, has net assets
                  of at
                  least CDN$5,000,000;

              

      

       

      
        	 	 	
                (m)
                  a person, other than a person or investment fund, that had net
                  assets of
                  at least CDN$5,000,000 as reflected on its most recently prepared
                  financial statements;

              

      

       

      
        	 	 	
                (n)
                  an investment fund that distributes it securities only to persons
                  that are
                  accredited investors at the time of distribution, a person that
                  acquires
                  or acquired a minimum of CDN$150,000 of value in securities, or
                  a person
                  that acquires or acquired securities under Sections 2.18 or 2.19
                  of NI
                  45-106;

              

      

       

      
        	 	 	
                (o)
                  an investment fund that distributes or has distributed securities
                  under a
                  prospectus in a jurisdiction of Canada for which the regulator
                  or, in
                  Québec, the securities regulatory authority, has issued a
                  receipt;

              

      

       

      
        	 	 	
                (p)
                  a trust company or trust corporation registered or authorized to
                  carry on
                  business under the Trust
                  and Loan Companies Act
                  (Canada) or under comparable legislation in a jurisdiction of Canada
                  or a
                  foreign jurisdiction, acting on behalf of a fully managed account
                  managed
                  by the trust company or trust corporation, as the case may
                  be;

              

      

       

      
        	 	 	
                (q)
                  a person acting on behalf of a fully managed account managed by
                  that
                  person, if that person (i) is registered or authorized to carry
                  on
                  business as an adviser or the equivalent under the securities legislation
                  of a jurisdiction of Canada or a foreign jurisdiction, and (ii)
                  in
                  Ontario, is purchasing a security that is not a security of an
                  investment
                  fund;

              

      

       

      
        	 	 	
                (r)
                  a registered charity under the Income
                  Tax Act
                  (Canada) that, in regard to the trade, has obtained advice from
                  an
                  eligibility advisor or an advisor registered under the securities
                  legislation of the jurisdiction of the registered charity to give
                  advice
                  on the securities being traded;

              

      

       

      
        	 	 	
                (s)
                  an entity organized in a foreign jurisdiction that is analogous
                  to any of
                  the entities referred to in paragraphs (a) to (d) or paragraph
                  (i) in form
                  and function;

              

      

       

      
        	 	 	
                (t)
                  a person in respect of which all of the owners of interests, direct,
                  indirect or beneficial, except the voting securities required by
                  law are
                  persons or companies that are accredited
                  investors.

              

      

       

      
        	 	 	
                (u)
                  an investment funds that is advised by a person registered as an
                  advisor
                  or a person that is exempt from registration as an advisor;
                  or

              

      

       

      
        	 	 	
                (v)
                  a person that is recognized or designated by the securities regulatory
                  authority or, except in Ontario and Québec, the regulator as (i) an
                  accredited investor, or (ii) an exempt purchaser in Alberta or
                  British
                  Columbia after this instrument comes into
                  force;

              

      

       

      
        
          
          

        

        
          -
            2
            -

          
            

          

        

        
          
          

        

      

       

      The
        Subscriber acknowledges and agrees that the Subscriber may be required by
        the
        Company to provide such additional documentation as may be reasonably required
        by the Company and its legal counsel in determining the Subscriber’s eligibility
        to acquire the Shares under relevant Legislation.

       

      IN
        WITNESS WHEREOF, the undersigned has executed this Questionnaire as of the
        day
        of
,
        2007.

       

      
        	
                If
                  an Individual:

              	 	
                If
                  a Corporation, Partnership or Other Entity:

              
	 	 	 
	 	 	 
	
                Signature

              	 	
                Print
                  or Type Name of Entity 

              
	 	 	 
	 	 	 
	
                Print
                  or Type Name

              	 	
                Signature
                  of Authorized Signatory

              
	 	 	 
	 	 	 
	 	 	
                Type
                  of Entity

              

      

       

      
        
          
          

        

        
          -
            3
            -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]