SAMPLE CONTRACT FOR

HEAVY MELTING STEEL SCRAP

Heavy Melting Steel Scrap

Ex _________________________ ESTIMATED _____________ MT (+/-5%) More or Less THE SELLER Company Legal Address Country Email Telephone Fax Represented by Title : : : : : : : :

hereinafter referred to as "Seller"

THE BUYER Company Legal Address Country Email Telephone Fax Represented by Title : : : : : : : :

hereinafter referred to as "Buyer"

It is hereby agreed between the buyer and the seller, whereby the buyer agrees to buy and seller agrees to sell the following material with the following terms and conditions: CLAUSE 01 COMMODIY, QUALITY & QUANTITY Commodity: Heavy Melting Steel Scrap No: 200/201: wrought iron and/or steel scrap 6.0 mm and over in thickness. Individual pieces not over 1.5 meter X 0.6 meter max. Heavy Melting Steel Scrap No: 202/203: iron and/or steel scrap 6.0 mm and over in thickness. Individual pieces not over 0.9 meter X0.45 meter.

Condition: As is Condition: Quantity: Maximum Takeoff Weight: ____________MT (+/- 5%) for 12 month contract Minimum Takeoff Weight: month contract. Monthly Quantity: Deliveries: Origin: Quality: ___________Metric tons per shipment (+/- 5%) Each month several Vessels x 20,000 MT Saudi Arabia HMS No. 1. ISRI Codes 200-203 _____________ MT (+/- 5%) for 10

Common Conditions: 1 The steel scrap free from toxic chemical, radioactive materials, inflammables, pitted corroded rust, explosives, organic matters originated from animals or plants with danger of epidemic diseases and medical waste. 2 The steel scrap free from bombs, arms, ammunitions, torpedoes, mines, shells, cartridges, seal containers or tanks or envelops, gas cylinder, explosive shells or explosive materials in any form. 3 The scrap free from admixtures such as slag, dross, trash, lubricant, grease, rubber, plastic, oil parts, alloy, asphalt, wood, chemical. 4 The scrap consists of Iron and Steel Scrap only. Rust, corrosion, dust and dirt, mud or waste, and other impurities are not more than 0.5%. Packing: Twenty Feet containers floor loaded. CLAUSE 2 PRICE Unit price: USD $_____________ MT, Ex Yard. Total Amount: USD $ _______ (_____________ US dollars only) Invoicing: Based on actual net weight as per weight receipt. CLAUSE 3 PAYMENT Cash in Dubai against invoice immediate upon receipt of goods ready notification before the transfer of consignment to the port. CLAUSE 4 PERFORMANCE GUARANTEE EITHER PARTY ________________________________________ CLAUSE 5 SHIPMENT AND DELIVERY Starting date of shipment: Last date of shipment: Loading Port: Port of discharge: _______ _______ ______________ _________________

CLAUSE 6 CARGO INSPECTION AND CLAIM FORCE M AJEURE The Force Majeure clause of the International Chamber of Commerce is hereby incorporated in this contract.

CLAUSE 7 ARBITRATION Any disputes that could not be settled by amicable settlement shall be referred to Adhoc Arbitration in accordance with its rules for final settlement. The decision taken by this arbitration shall be final. All fees and charges and expenses occurred from this arbitration shall be borne by the losing party. The language used in arbitration shall be English. CLAUSE 8 ADDITIONAL CONDITIONS

This contract comes into effect since the date of signing and both parties undertake to execute strictly all the terms and conditions. Any changes or amendments to this contract shall be made in writing and subject to prior approval from both parties. Terms and conditions of Inco terms 2000 edition applicable This contract is made in English language in two originals, one of which is retained by each party Signing via email, fax or scanning is acceptable

Sign and Sealed: SELLER Name: Passport No. Date: - - 2011 Company Seal BUYER Name: Passport No. Date: - - 2011 Company Seal