INFORMATION FOR SCRAP

THE PRICES INDICATED ARE SUBJECT TO PRIOR CONSULTATION

PRODUCT

Scrap HMS - HMS 1 & 2, 80:20 according to ISRI codes 200-206 USED TRAIN RAILS R50 (51.67KG / Meter, GOST 7173-55)

USED R65 (64.72KG / Meter, GOST 8161-75

CIF PRICE

- Scrap HMS 1 and 2, 245 $ x MT, - Rails train R-50, R-65 278 $ x MT, (Cost, Insurance & Freight) The abbreviation is followed by the name of the port of destination and the price includes the goods placed at the port of destination with freight paid and insurance covered. The seller hires the insurance and pays the corresponding premium.

CHARGING PROCEDURE

- The boats dedicated to the transport of scrap, are practically a large container, the scrap goes in pressed packages, made to the measure of entering the exact number of packages, in that large container that is the ship itself - Loading time of 12,500 MT from camp to port of origin, 7 days, (the camp is near the port) - The total time from the boat to loaded ready to sail, 15 days, (in the loading port there are the appropriate cranes to make a fast charge) - Time crossing from port origin Nigeria to port destination, from 20 to 30 days, (depending on the state of the sea) - The scrap is deposited in the Niger camp by the treaties of the Seller with the Government, hiring of personnel, taxes, etc. - The origin of the product is from Russia and other countries - insist, payment on arrival, after the buyer has checked the product through SGS, we work with a Spanish bank. - Port of loading, Port Harcourt Lagos - SGS, port of origin in charge of the seller - SGS, destination port by the buyer

AVAILABLE QUANTITIES

AMOUNTS HMS 1 & 2, 80:20 according to ISRI codes 200-206 - Minimum amount: 12,500 MT monthly x 12 months - Maximum amount: 50,000 M monthly x 12 months USED TRAIN RAILS R50 (51.67KG / Meter, GOST 7173-55), used: R65 (64.72KG / Meter, GOST 8161-75). - Minimum amount: 12,500 tn monthly x 12 months - Maximum amount: 30,000 tn monthly x 12 months

PROCEDURES

Buyer sends ICPO + BCL, to Seller. Seller sends FCO to Buyer to confirm for the order. Buyer signs and returns FCO to Seller. Seller sends a draft contract to Buyer. Upon acceptance of the contract, Buyer signs and returns to draft contract Seller. - The buyer issue Non Operative LC, BG / SBLC in favor of seller - The Seller now issue 2% PB for the LC, BG / SBLC, The buyer issue final - Letter of credit LC, BG, SBLC - Seller’s Bank sends Proof of Product (POP) to the Buyer’s bank within 05 (Five) - Working days upon receipt of Operative BG / SBLC, LC from the Buyer’s bank. Buyer’s and Seller’s banks communicate and agree on the final working of , LC Shipment commences as schedule In witness thereof, the buyer and seller have signed below to accept and approved - All terms and conditions contained in this contract. - The SELLER and AGENT hereby affix their signature and stamp confirming the terms and conditions of this purchase and sale agreement.

ICPO

- Once received the ICPO + BCL, made correctly, by the final buyer-payer, not trading, re-seller, etc., signed in blue ink, sealed (not worth cut and paste) and with the copy of the passport of the buyer, addressed.

PAYMENT METHOD

- Payment terms: Irrevocable non-transferable, non-operating Divisible LC, SBLC / BG, POF -MT799 for the value of 100% of a monthly shipment against the required documentation of payment as Clause 13 at the port of destination of the buyer. - The Non-Operative LC, SBLC/BG shall be issued from the Buyer’s Bank within 05 (Five) working days upon the date of signed contract. A non-operational LC, SBLC / BG must be received before the vendor issues 2% PB for the LC, SBLC / BG, will be issued for the LC Operating, SBLC / BG While the load begins within the scheduled days. - Payment by transfer is accepted, once they have received the product at destination and reviewed by the buyer that the product is adjusted to what was hired and after receiving the product have 15 days to pay - Previously they have to send a BCL, it is a bank certificate where the bank says that they have money to pay for the order. And that this amount can not be moved, until the acceptance of the order, plus impossible guarantees - For greater guarantee of compliance of this operation, by the seller, apart from the payment in destination once the buyer has verified the product, the seller will put 2% (PB), this figure also appears in the draft of the contract. - Do not accept over Price - If the merchandise complies with what is specified in the contract and the buyer has checked it at destination through SGS, the buyer can not refuse the merchandise

WAY TO SEE THE PRODUCT

- Once the buyer-final-payer has sent the ICPO, with sufficient financial solvency for the order that he / she makes and the contract is signed, if the client wishes he / she is accompanied to visit the campaign and the product is shown, all before the buyer issues any bank document - So far no risk to the buyer since the payment is at destination and once you have verified through SGS that the product received is in accordance with the contract.

FIRST DOCUMENTS THAT THE SELLER SEND AFTER RECEIVING ICPO

1- COMPANY PROFILE 2- EXPORT CERTIFICATE 3- CERTIFICATE OF ORIGIN OF THE PRODUCT 4- FCO 5- DRAFT CONTRACT + NCNDA + INFPA, NOTARIZADED

COMMISSIONS

- The commission payment will be made by the Seller monthly at the same moment the buyer pays the seller - Commission amount 10 $ x MT, included in the price

DISTRIBUTION FORM OF COMMISSIONS

a)- $ 5, x MT, for part of purchase beginning with you until you reach the buyer b)- $ 5, x tn, for sale part starting with me until you reach the seller - The NCNDA / IMFPA, specific to this operation, is sent by the seller, notarized, signed and stamped, recognizing the commissions, together with DRAFT CONTRACT - The draft contract has been sent in English and Spanish, from ICPO, all documents will be in English direct from the seller to the buyer with a copy for all involved

Used Rail R-50, R-65

HMS1&2 SCRAP