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LETTER OF INTENT AND OPTION OF INTEREST Date: 25 July, 2011 Validity : 05 August, 2011 To : Mine owner or his appointed

representative or mandate

Attn : Mr. R Abraham A and Muhammad Sohail Khan ( Associate of Brazil Gold Mine) We at Bimaldeep Steel Pvt. Ltd. have a strong interest in acquiring the Iron mine as described herein: Location Mineral type Proven reserve Size In operation since : Brazil, Minas Gerais : Iron Mine for sale : 1,240,000,000 tons : 1100 hectares : Since 2010

Current production : Only just started at 6,000,000 tons a year. Infra-structure Asking Price Terms : Includes Railroad concession, port concession for 900,000 tons : U$ 3.7 Billion : Open for negotiation

We therefore request you to issue the invitation letter for the following personnel so that we can apply for visa and plan our visit accordingly. 1. Name : Mr. Ajay Kumar Murarka Passport no: J2188582 2. Name: Mr. Anish Kumar Murarka Passport no: H5318152 Thanking you Yours faithfully, For Bimaldeep Steel Pvt. Ltd. Anish Kumar Murarka Director

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