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IRON ORE FROM MEXICO



Seller offer on Iron Ore from Mexico as follows

Our interest is that we can build and establish the conditions for success.



1. COMMODITY: IRON ORE 62. % A +.

2. COUNTRY OF ORIGIN: MÉXICO.

3. CONTRACT PERIOD: FROM 1 YEAR TO 5 YEARS SUBSEQUENT.



4. LOADING PORT: LAZARO CARDENAS MICHOACAN OR MANZANILLO COLIMA.



5. FIRST SHIPMENT:



• SUPPLY OF 100,000 MT +/- 10% TO DELIVER IN NOVEMBER 202I IN THE PORT OF LAZARO CÁRDENAS OR MANZANILLO.



• FROM THE SECOND TO THE SIXTH MONTH, DELIVERIES UP TO 100,000 MT +/- 10% PER MONTH.



• AFTER THE SIXTH MONTH UP TO 5 YEARS, 300,000 MT OR MORE +/- 10% IN MONTHLY DELIVERIES.



6. PACKING: BULK.



7. PRICE:



• CIF PRICE: $145.00 FIXED PRICE USD PER MT CIF PAYMENT IS MADE AT THE INSPECTION PREMISES*



FOB PRICE: $120.00 FIXED PRICE USD PER MT FOB PAYMENT IS MADE AT THE INSPECTION PREMISES*



7.1. COMISSION: $0.50 USD PER MT



7.2. $ 1.00 USD WILL BE PAID FOR EACH PERCENTAGE POINT ABOVE 62% A++



8. DESTINATION PORT: CHINA MAIN PORTS



9. PAYMENT TERMS: 100% OPEN, IRREVOCABLE NON TRANSFERABLE AND CONFIRMED DLC MT700. FROM TOP 25 BANKS.



10. PB: AFTER CONFIRMATION OF DLC FROM SELLERS BANK, THE NON OPERTIVE 2% PB WILL BE ISSUE.



11. INSPECTION: BY SGS OR INTERTEK MEXICO AT THE LOADING PORT (QUALITY AND QUANTITY CERTIFICATE)



12. WITHDRAWAL OF DLC: 95%/5%



• 95% AT LOADING PORT

• 5% AT DESTINATION PORT



13. VISIT: A PERSON DESIGNATED BY THE BUYER IS AUTHORIZED TO VERIFY IN THE PORT YARD FOR THE

EXISTENCE OF IRON ORE MINERAL (AT BUYERS PRICE AND COST) ON RECEIPT FROM ICPO AND THE LETTER OF COMMITMENT IS RECEIVED BY THE BUYERS SELLER

WE HAVE THE FOLLOWING DOCUMENTATION OF THE MINES



1. ? Copy mining titles.

2. ? Photos of the mine.

3. ? Identification of the legal representative.

4. ? Copy of permits, SEMARNAT CERTIFICATES, ANALYSIS, MIA AND SECTORIAL.



APPLICATION FOR SIGNATURE ON THE FCO ACCEPTING THE PRICE AND THE METHOD THAT WE HAVE AGREED UPON.



+ANY PAST PERFORMANCE DOCUMENTS WILL BE SUBMITTED TO THE BUYER WITH THE SIGNATURE OF SPA.



PROCEDURE (no change any points).



1. Buyer issues LOI/ICPO + BCL (POF) + CIS + Buyer Company profile + NCND + IMPORT LICENSE.



• LOI or ICPO +

• BCL (POF) not older 5 days +

• CIS +

• Buyer profile +

• NCND +

• IMPORT LICENSE



* LOI/ICPO to END SELLER via Bordallo Construtora Ltda.



** LOI/ICPO WITHOUT BCL WILL BE REJECTED.



2. If seller approves BCL (POF), Seller will send FCO/SCO, SPA and NCNDA.



3. Buyer signs and seals FCO/SCO, SPA and NCNDA according seller offer returns to seller and seller returns signed and sealed.



4. Buyer and Seller shall review, sign and seal Contract (SPA) and DLC Draft.



5. Buyer provide LC Swift copy to bank AND Buyer will order to bank and open DLC AND SBLC released to the Seller bank.



6. Seller provides Certificates and proof of product (video of product with date and name of buyer or mandate) and 2% PB no problem.

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