Hereby, as direct seller, owner, we are pleased to send you our Offer to sell IRON ORE, as per following terms and conditions:

Commodity: Iron Ore

Origin: Peru

Grade:62% or more

First lot 62%= 35.000 MT per month (in 2 deliveries per month ) Deliveries in vessels of 35,000 MT.

Duration of the Contract:Two years with R&E

Ports of loading in Peru:Port Salaverry

Packing:In bulk

Inspection: SGS Certificate SGS or Alex Steward.

Price / MT: USD 59.00 FOB 62% $ 2 per point to be applied at selling price.

Calculation:Q/P will be three days averaged. One day before blading, date, blading date and one