Ann: Notice of Annual General Meeting/Proxy Form , page-2

re: Ann: Notice of Annual General Meeting/Pro... The principal terms of the Amended and Restated Offtake Agreement are described in Schedule 1. They are essentially the same as the terms of the Existing Offtake Agreement, save for a reduction in the level of discount to the LME daily cash settlement price in calculating the nickel price

4% -> 3.5%

5 year contract extend-able to 10.

This reduction in discount is estimated to benefit Minara by approximately US$2 million per annum.