Soft Corporate Offer
A. IRON ORE 63.5% REJ 60%, (USD$115/$113/MT, FOB AWSP)
($126 USD, CIF, 98% payable at loading port 2% at discharge port)

B. IRON ORE 48%, USD$75.5/$72.5/MT, FOB AWSP

C. BLACK SAND MAGNETIC 60%, USD$106.5/$103.5/MT FOB AWSP

Specifications: Standard export quality
Quantity: A. 400,000 MT per month,

B. 1,000,000MT per month or 10,000,000mt available now.

C. 30,000MT per month


Contract: 12 Months Contract with possible rollovers and extension.
Delivery: Buyer option
Inspection: SGS Inspection group.
Performance Bond: Seller Bank issue 2%PB

PAYMENT: BY CONFIRMED, IRREVOCABLE, NON-TRANSFERABLE, AUTOMATIC
REVOLVING DOUMENTARY LETTER OF CREDIT (IRDLC)
VALIDITY: 15th June, 2013
Procedures and SPECS available upon Request