Steel Resources, Lic Sales Contract 18051-A 2 & Order Date 08/22/18 CREATIVE SOLUTIONS IN STEEL Customer Ship To: ENATINSA, ENATINSA Av, PASCUALES KM 18.5 VIA A OAULE AV, PASCUALES KM 165 VIA DAULE uc: ons0asa00001 RUC: 090294908001 GUAYAGU, GuavAauNL, ECUADOR ECUADOR Terms 20% Advance 60% Cash Against Documents Sige Toad For Consens Daciage Pot Vex Nae APM OTA DEAN orn GURVAGUIL, ECUADOR ASIATS AMERICA Toaioers ret Namba: | —— ioc Shipment — [Depa Tamrac Past Esteapersor! Our Order uber ‘SRIEWAL 08227010 THEORETICAL WEIGHT [10015 SHO TOOSE PECES az 18054 <7 tam Description unr] Amour ‘36420 [HOT ROLLED STEEL PLATES 635X440 X 12000 MM ASTMAGE ~ 40.458 |HOT ROLLED STEEL PLATES 8.00 x 2440 X 12000 MM -ASTMA 36 ‘70.080 |}HOT ROLLED STEEL PLATES 0.53 X 2440 X 12000 MM -ASTM A 36 105.084 |HOT ROLLED STEEL PLATES 12.70 X 2440 X 12000 MM -ASTM A 98 758008 MARKS HOT ROLLED STEEL PLATES £0-18051 SRIENATIN ECUADOR VIA GUAYAQUIL 700.00 3174120] 740.00) 299982 sooo] 48355.20 e000] 72507.06 [OTHER CONDITION: [TERMS CFR GUAYAQUIL [SHIPMENT OCTOBER 2018 IMANUFACTURER: NIPPON STEEL SUMITOMO METAL CORP. |LOAD PORT: ANY PORT OF JAPAN ii ‘STEEL RESOURCES As SELLER HEREBY CONFIRMS THE BALE To THE WENTIONGO BUYER OF ABOVE MENTIONED GOODE THE GOOD™T (THe TERMS AND CONDITIONS GIVEN ABOVE INCLUDING ALL THOSE PRINTE SUBSEQUENT PAGES HEREOF, WHICM ARE [EXPRESSLY AGREED T0, UNDERSTOOD AND MAKE PART OF THIS CONTRACT. SIGNATURE MEREIN BELOW Is ACCEPTANCE OF SPEC ‘Avo CLAIM ANO ARIFRATION ADDENDUM. ELECTRONICALLY na\\ CONDITIONS FOR SALE OF GOODS, APPENDIXES A, 8 Mri HECUTE mics sha we eames oman. ‘STEEL RESOURCES LLC Ti shwpuenr paves suauecr To unFoREsceN cincomsrances OF FORCEMALEURE See aetna Femts aus coves an gusscauenT ee [pes cnet ete cet seet tS hae Teal over TTR] 93185 SOUTH DADELAND BLVD,, SUITE 1800, WAM, FL3B166, USA, Phone: +1 (305) 489-4000 Fax: +1(308) 592.8725 E-Mail: ales@steclresources.com Pagetaime ee SESS soem uADDITIONAL PREPAID ITEMS ADDENDUM The following are the additional services outside the sales contract paid for by the Buyer and contracted by the Seller on behalf of the Buyer: NONE Unloading of material from the vessel at port of destination through receipt of material on pier under hook Unloading of material from the vessel at port of destination through receipt of material on Buyer's truck Unloading of material from the vessel at port of destination and transport through receipt of material at destination port warehouse or storage area Unloading of material from the vessel at port of destination and transport through receipt of material at Buyer's designated warehouse or point of delivery, duty not paid 'g of material from the vessel at port of destination and transport through receipt of material at Buyer's designated warehouse or point of delivery, duty paid Unloading of containers from the vessel at port of destination and transport to port's container yard (CY) or storage area, duty not paidAPPENDIX B INSURANCE COVERAGE REQUIREMENTS (The buyer is obligated to comply with these requirements in case the insurance for the product is not provided for in this contract) RISKS COVERED. 1 This insurance covers al risks of loss of or damage to the subject-matter insure, except as provided in Clauses 4, 5, and 6 below, and including but not limited to the specifi coverage enumerated here in below. 1.1 loss of or damage to the subject-matter insured reasonably attributable to 1.141 fire or explosion 1.1.2 vessel or craft being stranded grounded sunk or capsized 1.1.3 overturning or derailment of land conveyance [L1.4 collision or contact of vessel erat or conveyance with any extemal object other than water LLLS discharge of eargo ata port of distress, 1.2 loss or damage to the subject-matter insured caused by 1.21 general average sacrifice 1.22 jettison, 2 This insurance covers general/@verage and Salvage charges, adjusted or determined aegording to"the contract of affreightment andor the governing aw and practice, incurred to uvoid or in connection with the avoidance of loss from ‘any cause except those excluded in Clauses 4, 5,6 and.7 or elsewhere ia this insurance, ‘3 This insurance is extended to indemnity the Assured against such proportion of liability under the contract of aflreightment “Both to Blame Collision” Clause as is in respect of a loss recoverable hereunder, In the event of any claim by shipowners under the said Clause the Assured agree to notify the Underwriters who shall have the right, at their own cost and expense, to defend the Assured against such claim. EXCLUSIONS. 4 In n0 case shall this insurance cover 4.1 loss damage or expense caused by insufficiency or unsuitability of packing oF preparation of the subject-matter insured (for the purpose of this Clause 4.3 "packing" shall be deemed to inelude stowage in a container or liftvan ‘but only when such stowage is carried out prior to altachment of this insurance of by the Assured or their servants) 4.2 loss damage or expense caused by inherent vice or nature ofthe subject-matter insured 43 loss damage or expense arising from insolvency or financial default of the owners managers charterers ot operators of the vessel 44 loss damage or expense arising from the use of any weapon of war employing. atomic or nuclear fission andior fusion ‘or other like reaction or radioactive force or matter. 55. 1 Inno case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel or craft, Unfitness of vessel eraft conveyance container or litvan for the safe carriage of the subject-matter ured, where the Assured or their servants are privy to such unseaworthiness or unfitness, at the time the subject-matter insured is loaded there5.2 The Undersrters waive any breach ofthe implied warranties of seaworthines of the ship and fitness of the ship to cary the subject-matter insured 10 destination, unless the Assured or their servants are privy to such "unseaworthiness oF unfitness, 6 In no case shal this insurance cover loss damage or expense 71 caused by strikers, locked-out workmen, oF person taking pat in labour disturbances, riots or evil commtions 7.2 resulting ftom strikes, lockout, labour disturbances, riots or civil commotions 73 caused by any terrorist or any person acting from a poiial motive DURATION 77.1 Thisinsrance ataches fom the time the goods leave the warehouse or place ‘of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either 7.1.1 on delivery to the Consignees'or other final warehouse or place of storage atthe destination named here! 7.1.2 on delivery to any other warehouse or place of storage, whether prior to or atthe destination named herein, which the Assured elect to use either 7.1.2.1 for storage other than in the ordinary course of transit ot 7.1.22 for allocation or distribution, or 7.1.3 on the expiry of 60 days after completion of discharge overside of the goods hereby insured fram the-oversea vessel atthe final port of discharge, ‘Whichever shall frst occur. 7.2 If after discharge overside from the oversea vessel atthe final port of discharge, but prior to termination of this insurance, the goods ate to be forwarded to a destination other than that to which they are insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall not extend beyond the ‘commencement of transit to such other destination. 7.3 This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 9 below) during delay beyond the control of the Assured, any’ deviation, foreed discharge, reshipment or transhipment and during any variation of the adventure arising from the exercise ofa liberty granted to shipowners ‘or charterers under the contract of affreightment 8, Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a premium and on conditions to be arranged subject 10 prompt novice being given to the Underwriters. CLAIMS 9 9.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured atthe time of the loss 9.2 Subject to 11. 1 above, the Assured shall be entitled to recover for insured loss aceurring during the petiod covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured were avvare ofthe loss and the Underwriters were not, LAW AND PRACTICE 10 This insurance i subject to English law and practice, iFormica Claims and Arbitration Addendum Weight Determination and Claims Procedure: This paragraph shall be only applicable when invoicing is on actual weight. The Mill's weight shall be final for invoicing, however customer has a right to reweigh in accordance with the below mentioned conditions: a. If the Buyer decides to reweigh, any claim based on such reweighing must be ‘made within 10 days from the date of discharge. Checking of the weight must be done in the presence of a representative of a neutral control organization, preferably SGS. and has to be executed during discharge at the port of destination, on exact calibrated seales, b. The cost of reweighing the product shall be paid by the Buyer and shall be borne by the Buyer if the claim for quantity proves incorrect. If otherwise, the cost will be borne by Seller. ‘This shall be the only way of reweighing the product. 4d. Should the weight ascertained as a result of the reweighing of the goods at the proof of discharge differ from the bill of lading weight by an amount equal to or less than 0.5%, then there shall be no claim and the bill of lading weight shall be deemed final. Should the difference exceed 0.5% of the entire quantity of the goods delivered under the contract, the claim shall be only for that portion exceeding the 0.5% allowance. €. Payment shall not be delayed due to any claim hereunder nor shall Buyer make any deduction from the contract price. Quality Claims Procedure: The time period to make a claim shall run from the date of the discharge of the Products but shall vary depending on the type of defect. The Buyer shall have 15 days to make a claim for visible defeets and $0 days for invisible or latent defects, Details of a Claim and Other matters: The claim shall be considered made once Seller receives it. Independent surveyor’s reports with photographs shall be included and form the basis for any claim filed by Buyer. All documentation substantiating such claim, including but not timited to, reports issued by neutral surveyors, original of copies of transport documents, copy of calibration certificate of weighing ‘machinery if applicable, Copy of customs declaration for subject cargo. and the claims form containing a credit request for the value claimed will be submitted the above stated period. All claims must be in writing and signed by the CEO or CFO of Buyer. The extraction of samples must be effected in the presence of a representative of a neutral control organization, preferable SGS. The cost of extraction from the product shall be paid by the Buyer and shall be borne by the Buyer if the claim for quantity proves incorrect. If otherwise, the cost will be borne by Seller. Payment shall not be delayed due to any claim hereunder nor shall Buyer ‘make any deduction from the contract price, Buyer shall segregate, clearly label and 2Formiscaa not use the products being claimed. Seller may waive this provision in writing. Claim ‘cannot exceed the cost of the contract goods. Any claim presented after the time Periods set forth in this Addendum shall be absolutely barred. Use of the allegedly defective Product shall be an absolute bar to making any claim for defect. Arbitration: All disputes between the parties that may or can include a third party claim against the Manufacturer by either the Buyer of the Seller, shall be submitted for arbitration at the Japan Commercial Arbitration Association in Tokyo, Japan, according to their Commercial Arbitration Rules, The applicable law for any’ claim related t0 quality and/or weight shall be the Japanese Law. The award resulting therefore shall be final and binding. Any action brought hereunder must be filed within | year after the date of shipment of goods by the manufacturer, The language of the Arbitration proceedings will be English, Partial Shipments: Partial shipments are allowed Force Majeure: The Seller and Buyer cannot be held responsible for any delay or failure 10 comply with this contract as a result of strikes, fires, floods, acts of God, accidents to transportation, of installations, explosions, revolutions, civil or military ‘commotion or any other incident of similar nature. In case of such contingencies, the party incapable of complying, wither partially or totally, with the dispositions of this contract shall notify, in writing to the other party within 48 hours (not counting Saturdays or Sundays) of its occurrence and confirm it within the next 7 calendar days through certificate issued by a government agency or the local chamber of commerce. Seller shall have the right to cancel the contract immediately, and Buyer will either accept the cancellation or the delay without recourse. This provision will also apply to the manufacturer's inability to produce the Products. Resale: The parties agree that the product is not being purchased for re-export.