Fonon Corp Watch

from 8-K 5 pages Form of Documentary Credit: Irrevocable Documentary Credit Number: R4ri-386809 Date of Issue: February 8, 2013 Applicable Rule: Ucp Latest Version Date and Place of Expiry: March 22, 2014 at Our Counter Applicant: Baker Hughes Oilfield Operations Inc. 2001 Rankin Road Houston, Texas 77073 Beneficiary: Mabwe Minerals Zimbabwe (Private) Limited 98 Churchill Avenue, Gunhill Harare, Zimbabwe Documentary Credit Amount: Usd3,000,000.00 Tolerance (+%/-%): 05/05 Available With: Jpmorgan Chase Bank, N.A. by Payment Drafts At: At Sight Drawee: Jpmorgan Chase Bank, N.A. Transhipment: Allowed Port of Loading: Beira, Mozambique Port of Discharge: Any USA Gulf Port Description of Goods: Crude Barite Ore in Lump Form at Xxxx Per Metric Ton Shipment to Be Effected in Three Lots of Xxxx Mts (+/-5pct) Each, Non Cumulative: First Lot to Be Shipped Between June 1, 2013 and August 31, 2013. Second Lot to Be Shipped Between September 1, 2013 and November 30, 2013 Third Lot to Be Shipped Between December 1, 2013 and March 1, 2014 Shipment Term: Fob Beira, Mozambique Documents Required: +Commercial Invoice in 5 Originals and 4 Copies +Packing List in 5 Originals and 3 Copies +Certificate of Origin in 2 Originals and 2 Copies +Third Party Pre-Shipment Inspection Certificate, Noted as 'Received and Approved' by a Purported Officer of Baker Hughes in 2 Originals and 2 Copies to Include Certificate of Quality and Certificate of Quantity Evidencing Shipment of Goods Is in Compliance With Below Specifications A.LUMP Size: Minimum 100 Percent Passing as Through an 8'' Ring B.SPECIFIC Gravity: 4.22 Minimum (Per Api Spec. 13a, Section 7) C.EXTRACTABLE Carbonates: 3,000 Mg/L Maximum