SNBLTD SPAIN

SOFT CORPORATE OFFER

We, SNB Promotions LTD, with full corporate responsibility, hereby states that under penalty ofpurjury we are ready, willing and able to deliver the following commodities at the specified period,specification and price as stated below with the terms and conditions.

TERMS AND CONDITIONS AS FOLLOWS:

COMMODITY: Standard & Grade 100% Used Rail (R50-R65)

SPECIFICATION: International Standard ISRI Code R50-R65 C: 0.54-0.82%, SI: 0, 18-040%, MN: 0.601.05%,
S: 0.4% MAX, P: 0.035% MAX, AS: 0.01% MAX OF MASS SHARE.

COMPONENTS: These scraps consist of R50-65 of Rails as R50 (51.67kg/M Gost-7173-75), R65(64.72kg/M Gost-8165-75) According to Incoterim 2000. The Rails shall conform to ISRI CODE R-50R65
and will be USED RAIL STEEL SCRAP-STANDARD section “T” Rails. Materials will be free frommud, dust, fluff, Non-Ferrous inclusion, excessive rust and other impurities. Free from any explosiverust and their impurities. Free from any explosive shells, cartridges, other arms and ammunition usedor other and any close containers, substance coatings, any organic waste and other harmfulsubstances. Dirt, dust, rust, fluff and other immunity not allowed.

QUANTITY: 120,000 Metric Tons (+/-5%) Shipment 4 months CONTRACTS.

PRICE: USD $300.00 P/MT (C.I.F.) ASWP

LENGTH: 12.5 Meters

WEIGHT: 50-60kg/ML

TERMS OF PAYMENT: BG. T/T, MT103, Irrevocable-Transferable Letter of Credit: Full amount of thecontract payable 100% at signt on presentation of shipping documents, confirmed by First Class/Top50 World Bank.

DOCUMENTS REQUIRED FOR PAYMENT:

A Signed Commercial InvoicesB Clean on Board Ocean Bill of Loading (B/L)C ualit CertificateD Q
QQuality
yy AssayE)
))))) Original Certificate of OriginF) Insurance Policy


PERFORMANCE BOND: 2% of L/C Value provided by seller after operative L/C is opened by buyer’sbank.

DELIVERY TIME: 30-45 Days after signing of Sales Purchase Agreement.

DESTINATION PORT: ANY SAFE WORLD PORT

DELIVERY SCHEDULE: Monthly after signing of Sales/Purchase Agreement with receipt of anacceptance and the operative payment instruments.

ORIGIN.MANUFACTURER: Europe/Canada

PACKAGING: Bundle (2-2.5 M/T Bundle) / Break Bulk Shipment (NOTE: Cutting to special lengths
will require additional price per MT and 10% deposit.)

INSPECTION: Quantity, Quality and Weight by SGS/CCIC Certified Agencies at the loading Port atSeller’s Expense.

PROCEDURES

1. Buyer issue ICPO with full banking details and right to soft probe OR Bank Comfort Letter.
2. Seller issue FCO/Draft Contract for amendments and signatures. Buyer signs and returns to Seller.Contracts lodged with respective banks.
3. Seller and Buyer signs NCNDA/ IMFPA with intermediaries.
4. Seller issues an Affidavit Attestation Soft POP document Swift to Buyer’s Bank .
5. Seller and Buyer discuss final terms of commitment—arrange buyer payment for custom cutting ofrails to fill order specifications, if any. Seller sends Commercial Invoice for amount of shipment. Buyersigns CI and returns.
6. Buyer bank issues conditional ITDLC for the value of the liftable quantity via SWIFT within 72
hours after signing of commercial invoice. Buyer issues MT103 payable at site against full POPdocuments and SGS report Swift to buyer’s bank. Seller issues 2% performance bond against MT103from buyer to be activated at departure of loaded vessel and receipt of all shipping documents.
7. Final approval, legalization and notarization of NCNDA/IMFPA lodged in seller’s bank.
8. Seller borne SGS inspection at loading port
9. Seller sends POP documents to buyer bank as required for payment, including:
A Signed Commercial InvoicesB Clean on Board Ocean Bill of Loading (B/L)C ualit CertificateD Q
QQuality
yy AssayE)
))))) Original Certificate of OriginF) Insurance Policy


10. Shipment Commence as schedule.
11. MT103 activated. Seller pays commissions to all facilitators & intermediaries.
OTHER CONTRACT TERMS WILL BE NEGOTIATED.