LETTER OF INTENT FOR CONTRACT

To: A&L International

Attn: Ms Lya
August 2nd, 2017
We, VERVA CONSULTANCY SARL, hereby state and represent that it is our intention to
purchase, and we hereby confirm that we are ready, willing and able to purchase the
following commodity as per the specification and in the quantity and for the price as
specified in the terms and conditions stated below. This representation is made with full
corporate authority and responsibility of the above stated buyer.

On our side, we accept your offer as follows:

Commodity (ISRI code): Used Rails R50-R65 cut 1.5m
Quantity per month (MT): 50,000 MT
Contract Duration (months): 12 MONTH DURATION
Target Price (FOB): $ 275.00 USD/MT
Incoterms 2010: FOB DJIBOUTI
Payment Terms: LC AT SIGHT,NO PB

We, VERVA CONSULTANCY SARLS, need to start with first trial shipment of 50,000 MT,
after that we will sign contract for 12 month duration.

Thank you very much, looking forward to receive Official Offer.

I hereby attest that I have the authority to sign on behalf of Buyer;

Eugeni Beloedov
General Manager
Verva Russia