Common use of Receipt and Acceptance Clause in Contracts

Receipt and Acceptance. Stillwater shall notify Power Mount when Stillwater has received a Lot of Secondary Materials at the Facility. Within [**Redacted**] Business Days following Stillwater's receipt of a Lot of Secondary Materials, Stillwater shall notify Power Mount whether or not Stillwater will accept or reject that Lot by completing the bottom portion of the Shipment Verification Form and forwarding a copy of the completed form to Power Mount via facsimile or email. If Stillwater rejects a Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by “[**Redacted**]”, and the omitted text has been filed separately with the Securities and Exchange Commission. Lot, Stillwater will have no further obligations to Power Mount with respect to such Lot, and Power Mount shall promptly remove such Lot from the Facility and shall bear the costs of such removal. No payment will be due from Stillwater for any Lot that Stillwater rejects. To the extent Stillwater has made any Prepayment for the Metal estimated to be contained in a rejected Lot, such Prepayment amount will be deducted from future payments owed Power Mount and, if payments owed to Power Mount within [**Redacted**] months after such rejection are insufficient to repay Stillwater the amount of such Prepayment, Power Mount shall thereupon pay Stillwater all amounts remaining due.

Receipt and Acceptance. Stillwater shall notify Power Mount when Stillwater has received a Lot of Secondary Materials at the Facility. Within [**Redacted**] three (3) Business Days following Stillwater's ’s receipt of a Lot of Secondary Materials, Stillwater shall notify Power Mount whether or not Stillwater will accept or reject that Lot by completing the bottom portion of the Shipment Verification Form and forwarding a copy of the completed form to Power Mount via facsimile or email. If Stillwater rejects a Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by “[**Redacted**]”, and the omitted text has been filed separately with the Securities and Exchange Commission. Lot, Stillwater will have no further obligations to Power Mount with respect to such Lot, and Power Mount shall promptly remove such Lot from the Facility and shall bear the costs of such removal. No payment will be due from Stillwater for any Lot that Stillwater rejects. To the extent Stillwater has made any Prepayment for the Metal estimated to be contained in a rejected Lot, such Prepayment amount will be deducted from future payments owed Power Mount and, if payments owed to Power Mount within [**Redacted**] three (3) months after such rejection are insufficient to repay Stillwater the amount of such Prepayment, Power Mount shall thereupon pay Stillwater all amounts remaining due.