Absolute Silver Inc.

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1) M100 - 99 (GOST 10585-99)

Quantity: 100,000 tup tp 500,000 per month 12 month contract C.I.F.

Price will be fixed depending on quantity and acceptable sulphur content.  The fixed price is for regular monthly shipments with payment at loading.  The fixed price is subject to a review every 3 months with an option to switch to Platt's should the Platt pricing fall below the contractually agreed fixed price.

Net Pricing will be as follows:

Quantity/Month [MT]

M100-99 3% High Sulphur

Net Price USD/MT

M100-99 1.6% Low Sulphur

Net Price USD/MT

100,000

322

327

200,000

320

325

300,000

318

323

400,000

316

321

500,000

314

319

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