Assets of Rare Earth Element Business

Sale of assets of MOLYCORP MINERALS, LLC, described as below:

• The real property rights (whether surface or mineral) to the Mountain Pass Mine owned by the Sellers and all facilities and improvements thereto;
• All equipment and other tangible personal property owned by the Sellers located at the Mountain Pass Mine;
• All inventory and works in process used in the Sellers’ mining and processing operations located at the Mountain Pass Mine;
• All of Sellers’ rights under certain contracts applicable to its business at the Mountain Pass Mine to be identified on a schedule to the Purchase Agreement (collectively, the “Assigned Contracts”); and
• The Sellers’ interests in any intellectual property rights exclusively relating to and used in connection with the Sellers’ business at the Mountain Pass Mine.