NATURAL RESOURCES DEVELOPMENT CORPORATION LIMITED

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NATURAL RESOURCES DEVELOPMENT CORPORATION LIMITED AUCTION TERMS AND CONDITIONS Auction Time: 10.00 AM onwards Auction Date: 20 December 2016 Auction Venue: NRDCL Conference Hall, Thimphu

TERMS AND CONDITIONS 1. All interested bidders shall register with NRDCL before 10.00 AM on the day of Auction with registration fee of Nu. 300.00 (non-refundable) only. 2. Each bidder shall have to deposit an earnest money of Nu. 10,000.00 (ten thousand) only on the day of the auction to qualify for the auction. On receipt of the earnest money, a token number will be issued to identify the qualified bidders. No bidder will be allowed to bid in the auction without a token number. 3. The earnest money shall be retained until the auction is completed. On completion of the auction, the earnest money of the successful bidder shall be adjusted against the bid value of the item(s) won by them. The earnest money of unsuccessful bidder shall be refunded immediately after completion of the auction. 4. The bidder(s) shall be assumed to have physically inspected the auction lot(s) prior to the auction and the bid(s) offered is at their own liberty and judgment. No complaint whatsoever shall be entertained at a later date. 5. The highest bidder(s) whose bids are accepted by the auction committee shall be the purchaser(s) of the chosen item(s) and shall not be allowed to retract their bid(s). All sales shall be final and binding. 6. The successful bidder(s) whose bids are accepted by the auction committee shall deposit 25% of the bid value at the fall of the hammer and the balance 75% within 10 (ten) working days from the date of auction, failing which accepted bid(s) shall be treated cancelled and earlier deposits forfeited. 7. The successful bidder(s) whose bids are accepted by the auction committee shall take delivery of the purchased item(s) at their own cost upon full payment of the bid value of the item (cash or cheque in favor of the Chief Executive Officer, NRDCL, Thimphu) accompanied by issuance of lifting order. 8. NRDCL shall not be held responsible for any loss or damage (in particular or whole) of/to the item(s) not lifted after issuance of lifting order. 9. Any taxes/charges/payments levied by any concerned Department/Agency/Authority including the transfer of ownership of item(s) sold shall be borne by the buyer concerned.

10. The Auction Committee reserves the right to accept or reject the bid(s) without assigning any reasons. In case of any dispute or problem with regard to the auction, the decision of the NRDCL management shall be final & binding. 11. NRDCL can at any point of time withdraw the item(s) from the auction on or before the day of auction at its own discretion. DETAILS OF PROPERTY/ASSET(S) Lot Year of Particular Qty. No. Purchase Condition Location Contact Point 1 30 TPH TORSA Stone Crushing Plant 1 Set 2013 Running Ngangshing, P/Gatshel 106)/Mr. Thinley Jamtsho #17718071 2 Toyota Prado (BG-1-0760) LJ95 1 No. 1998 Running HO, Thimphu 145) Spare parts of SANDVIK 100 TPH Annexure I New Gyelposhin Mr. Leki Dorji, Crushing Plant, Gyelposhing, Monggar g, Monggar #17812816 3 i. Spares for Cone Crusher Bulk 4 ii. Spares for Jaw Crusher Bulk 5 iii. Spares for Screen and Bulk Lubricant 6 iv. Electrical spares Bulk Spare parts of SANDVIK 100 TPH Annexure II New Tingtibi, Mr. Karma Crushing Plant, Tingtibi, Zhemgang Zhemgang Chewang, 7 i. Spares for Cone Crusher Bulk #17691338 8 ii. Spares for Jaw Crusher Bulk 9 iii. Spares for Screen and Bulk Gearbox and Lubricant 10 iv. Electrical spares Bulk 11 v. Squirrel cage induction 1 no. 2015 motor ABB 55 kw 12 Squirrel cage induction motor - 90 kw 13 Machinery spare parts (dead and slow-moving spares) 14 Old and used office furniture & equipment 15 KVA Process Transformer (500 KVA) 1 no. 2011 Rewindin g done Head Office, Thimphu Bulk Scrap Head Office, Thimphu Bulk Scrap Head Office, Thimphu 1 no. 2012 Running Langthel, Trongsa 145/132) 145/132) 125) Mr. Sonam Norbu, #17625671

ANNEXURE I 100TPH SANDVIK Stone Crushing Plant Spares Available at Gyelposhing, Monggar SN NAME OF PART PART # QTY LOT No. 3: Spares for Cone Crusher CH420EC 1 Head nut with burn ring 442.6194-00 1 2 Spider cap 442.8362-01 1 3 Air filter 912.0114-00 2 4 Filter cartridge HC2 hydroest 912.0129-00 2 5 Step Washer 442.6137-01 1 6 O-ring 873.0830-00 3 7 Side linear of bin feeder 2 8 Taper lock (bushing) 869-0187-00 1 9 Concave support ring 442-9570-00 1 10 Head nut 3 11 Spider bushing 442-8363-01 1 LOT No. 4: Spares for Jaw Crusher CJ408 1 Cheek plate upper 10-314-627-000 2 2 Cheek plate lower 10-314-628-000 2 3 Steel washer 402-4721-01 14 4 Clamping bar movable 10-314-624-000 2 5 Retraction rod 53-367-392-500 2 6 Screw for clamping bar 17-104-245-002 4 7 V-belt (SPC 7100) 875-0253-00 6 8 Retraction kit 53-356.392.500 4 LOT No. 5: Spares for Screen CS63-3D and Lubricant

1 Wire Mesh - 3rd deck 1400/1400 3 mm with frame 6/6 mm 2 Wire mesh (new) 8 3 Bearing 22216 2 4 Bearing 22217 1 5 Bearing 22213 2 6 lubricant oil (summer grade) SP-220 210 7 lubricant oil (winter grade) SP-150 210 LOT No. 6: Electrical Spares 1 Fuse 250 A (HN size 1) 4 2 Fuse 160A (HN size 00) 3 3 Fuse 630 A 10 4 Fuse 20 A (HF 14X51) 15 5 Fuse 32 A (HF 14X 51) 21 6 Fuse 50 A (HF 14x51) 11 7 Fuse 2 A (HF 14x51) 2 8 Fuse 6A (HF 14x 51) 2 9 Fuse 16 A (HF 14x51) 4 10 Fuse 10 A (HF 14x51) 4 11 Fuse 25 A (HF 14x51) 12 12 Thimble 95 sq mm 19 13 Thimble 50 sq mm 14 14 Thimble 35 sq mm 5 15 Thimble 16 sq mm 16 Thimble 2.5 sq mm 36 17 Indicating lamp 230 VAC R,Y,B 3 18 Start push button 10 19 MCB 1 20 Load line 1 21 Control transformer 22 Direct on line starter

ANNEXURE II 100TPH SANDVIK Stone Crushing Plant Spares Available at Tingtibi, Zhemgang Sl No. PART NAME PART NO. QTY LOT No. 7: Spares for Cone Crusher CH420EC 1 Burning ring 442.6217.01 1 2 Spider bushing 442.8363.01 1 3 Oil Seal 442-8364-01 2 4 Eccentric bushing 442.9658.01 1 5 O'ring 873.0830-00 2 6 O'ring 873.1274-00 1 7 Gasket T=0.5 442-6214-01 2 8 Gasket T=0.8 442-6214-02 1 9 Gasket T=1.5 442-6214-03 1 10 Bearing 868-0801-00 2 11 Seal 873-1012-00 2 12 Gasket 442-6213-01 2 13 Head nut 442-6193-00 1 14 O'ring 873-0831-00 1 15 Screw 840-1093-00 4 16 lock Nut 845-0203-00 4 17 Sleeve 442-9572-01 4 18 Disc spring 863-0065-00 48 19 Gasket 442-6216-01 1 20 Eccentric/wearing plate 442-6130-01 1 21 V Belt (SPC 2500) 875-0244-00 4 22 Bushing bottom Shelf 442-6131-01 1 23 Hydro set packing 442.6153-00 1 24 Burning ring 442-6215-015 1 25 Concave support ring 442-9570-01 1 26 Air fliter 912.0114.00 1 27 Oil Filter 912-0126-00 1 28 Filter cartridge 912-0129-00 1 29 Tribol Grease 825.0182-00 18

30 ACS-CP-6 G1303m2704 1 31 Nut HX-280HMC6 2 32 Head Pulley holder 2 LOT No. 8: Spares for Jaw Crusher CJ408 1 Jaw Plate 400-0474-001 1 2 Cheek plate 10-314-627-00 3 3 Cheek plate 10-314-628-00 3 4 Flexible/Plastic washer 402-4720-01 12 5 Flexible washer 402.4720.01 6 6 Washer 847-0124-00 12 7 Steel washer 420-4721-01 12 8 Nut for cheek plate 845-0387-00 12 9 Screw for cheek plate 840-0676-00 12 10 Screw (bolt hex) 17.104-245-002 2 11 Screw for support bar stationary 840.0934.00 5 12 Screw for support bar moving 840.0660.00 5 13 Nut for support bar 845.0203-00 10 14 Washer for support bar 847.0132-11 10 15 Deflector Plate 10.314.626.000 1 LOT No. 9: Spares for Screen CS63-3D, Gearbox, Lubricant 1 Wire Mesh 1400mm 2 2 Wire Mesh 1400mm 2 3 Wire Mesh 40mm 1 4 Wire Mesh 20mm 2 5 Wire Mesh 10mm 3 6 Bevel Washer 721-0028 36 7 Rubber Lining 721-0023 20 8 Tension Hook 721-0025 6 9 Gear Box (11 kw) JRB.420-02-01 1 10 Servo Mesh SP68 35 11 Servo Mesh SP20/1320 200 LOT No. 10: Electrical Spares Sl No. PART NAME PART NO. QTY 1 Switch disconnector fuse CAT NO.SK95713 1

2 Fuse 50A 5 3 Fuse 32A 6 4 Fuse 63A 2 5 HBC fuse link 455V 7 6 HN/HRC fuse link SF94939 1 7 Fuse 160A 3 8 Fuse 315A 6 9 Fuse 250A 9 10 Fuse 630A 3 11 Thimble 15 12 Switch box handle 2 13 Switch disconnector fuse 32TPN CAT NO.sk95703 4 14 Switch gear MNX-32 3 15 Switch gear MNX-25 3 16 Switch gear MNX-12 5 17 Switch gear MNX-9 3 18 Switch gear MN-2 6 19 Current transformer 1 20 Switch button 22 21 Emergency switch button 5 22 MCCB CAT NO.HDA1612 1 23 Molded circuit breaker CAT NO- 8801050 1 24 Fuse wire 1 25 Electrical number plate 1