These rulings set aside the award of the International Arbitration Court at the Moscow Chamber of Commerce and Industry dated June 30, 2014 (the “MCCI Award”) through which Stans was awarded US$118,000,000 in damages.

Under the terms of the MOU, Stans and GRK MA (together “the Parties”), have agreed on consideration for the possible development of the Rudniy Log specularite (iron oxide) deposit (the “Deposit”).