Date: July 16th, 2021

To: CONSTRUCTORA AMGA C.A

SOFT CORPORATE OFFER (SCO)

We EASTER VALLEY LTD, located at Hong Kong, represented by ADER DAHER R, Director,
Venezuelan Passport 124387698, acting with full corporate authority and responsibility as
set forth in the corporate bylaws, hereby confirmed our interest and willingness to enter
into a sale and purchase agreement with your firm under the following terms and
conditions as follows:

Commodity: IRON CONCENTRATES

Specifications: % Total Iron (Fet): 69.00

% Metallic Iron (Fe): 22.00
% Total GANGUE: 6.60
% Carbon: 0.40
% Phosphorus: 0.130
% Sulphur: 0.030
% Humidity: 8.00 Max
% Bulk Density (Gr/Cm3): 2.10-2.70
% 9.50mm Above: 14.50
% 6.35mm Above: 15.63
% 6.35mm Bellow: 85.00

Origin: República Bolivariana de Venezuela

Quantity:
Contract Period:
Loading rate:
Laycan:
Terms of delivery:
Port of Loading:
Quantity determination:
Quality determination:
Price:
Price Adjustments:
(+/-5%) 600.000 MT
6 months contract with possible rolls and extensions at 6 month.
10.000MT per day.
TBA
FOB, Venezuela as per ICOTERMS 2020.
FERROMINERA ORINOCO PORT
As per certificate of Weight issued at the Yard Facilities by SGS,
Bureau Veritas or equivalent.
As per Certificate of Sampling & Analysis issued at Yard Facilities.
TBD
Seller to propose price adjustments based on the following
parameters:

HQ Office: Av. La Estancia, Centro Ciudad Comercial Tamanaco, Torre C, piso 13 Ofc 1303. Chuao. Caracas,
Venezuela. Phone: +58 2129599528 / +58 2129591157 / +58 2129593528

Branch Office: Room 1318-33, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.
Phone: +1 (786) 4776331 Mail: operations@easter-Valley.com

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 a) % Chemical concentrate
b) % Phisical concentrate

Payment: Payment shall be affected by:

* TBD

The invoice relating to the sale of the product traded, shall be

issued in euros, all payments shall be made in the currency
(without discount, rebate, retention or deduction, including bank
or commercial transfer commissions) to the bank and account
number indicated by the seller, referring to the invoice number of
his remittance for these purposes, the exchange rate used by the
seller to convert the amount in us dollars to euros shall be the
eur/usd exchange rate published by the European Central Bank in
frankfurt, germany, at 14:15 hours (central european time) and
published on the website www.ecb.int the day the invoice is sent
to the customer.

Shipping Documents: 1. Commercial Invoice.

(Subject to the provision 2. BL.
of the USA and UE 3. Cargo Manifest.
sanctions). 4. Certificate of Origin.
5. Certificate of Sampling & Analysis.
6. Certificate of Weight.

Validity The Present LOI shall remain valid July 25th, 2021

The information contained in this communication, including its attachments, is protected

by Law, and is considered Privileged and Confidential of EASTER VALLEY, LTD.
Please do not hesitate to contact me if you require further information.
Yours sincerely,
On behalf of EASTER VALLEY, LTD

Mr. Ader Daher R.

HQ Office: Av. La Estancia, Centro Ciudad Comercial Tamanaco, Torre C, piso 13 Ofc 1303. Chuao. Caracas,
Venezuela. Phone: +58 2129599528 / +58 2129591157 / +58 2129593528

Branch Office: Room 1318-33, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.
Phone: +1 (786) 4776331 Mail: operations@easter-Valley.com

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