FTN Exporting Established 1988 FTNX CORPORATE. Modern minded people in a modern world use modern safe means of doing business.

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Hugo Mathews
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1 FTN Exporting Established 1988 FTNX CORPORATE Modern minded people in a modern world use modern safe means of doing business. FTN EXPORTING Buyers, Seller, Education, Expert Legal Opinions and Analytical Services International Trade Principal : Davide Giovanni Papa (David G.A.Papa) FTN Exporting Trading division: ARBN:B K AGI: Education Division Buyers/Sellers: ARBN:B G All Mail: P.O Box 468 Carlton North 3054 Melbourne, Australia General: Davide_ftnexporting@yahoo.com.au Private: ftnexportingceo@bigpond.com Facsimile: (Disclosed on contract. Direct Phone:Disclosed on contract To: Registered SMICE Agents Buyer please return to SMICE agent offering said goods and not FTN Exporting. Transaction Code : 7FTNLDO-7781 Date of Issue : 14/5/12 6:52 AM Date of Validity : 21 th May 2012 AEST Seller : FTN Exporting Australia RE: FULL OFFER : Manganese C1 Grade Dear Sir or Madam, Please find the following offer for defined goods as secured by the seller FTN Exporting, Australia. The signing of this offer is not legally binding and is subject to final contracts and final availability of said stock pile of goods defined. Contract once besring signatures of parties to the contract is legally binding.thank You. Ceo, Davide Papa SMICE Exchange FTN Exporting Australia

2 OFFER FOR CONSIDERATION BY END BUYER Made by seller acting on behalf of an undisclosed principal Product : Ferro Manganese ore (MC) Origin : Salvador, Brazil, Sth America Seller : FTN Exporting Australia Basic Specifications and Grade. Manganese Grade C1: MnO MnT H2O Pb 101 Cr Co 290 Ba 2.21 Ni Cu 8.71 Ca 0.04 Fe 10.42, Cd ND Mg 333 Si Al2O P Delivery Mode : FOB Incoterms 2010 Packaging :Loose in hold Quantity (Metric Ton) :25,000 MT-/+10% Per Month for 12 Months :Up to 5 year contract of supply available First Delivery Date :29th July 2012 Subsequent deliveries :Every 30 days there after. (a) Non fixed Gross Opening Price :USD$ Per MT Added Premium: Seller adds operational Expense :USD$52.00 Per MT Net Opening price :USD$3438 per MT FOB No CFR/CIF available. Price Includes currency fluctuation premium. Bench Mark Pricing: Bench mark price plus SMICE operational expense is the selling price. Note: The Price applied is to inform the buyer on the DLC issuance value. The price is applied as per offer issuance date and is tracked every month there after as per offer issuance date, which is the payable price of the first delivery price as taken 5 days before listed first delivery date specified and in sequences of such every month there afters. The buyer agrees if need be in where the 5% tolerance factor of the DLC instrument can no longer support a bench mark price, to amend the credit so as not to hinder or delay the DLC collection process- or to pay the difference after each delivery within 7 days of such by SWIFT or SLC. Should the Price fall dramatically, only DLC and bench mark value as well as fixed FTN

3 operational expenses for that particular appears on the sellers invoice. delivery is applied for collection as it Payment instrument type Required Best price offer: Option (a) Bank advised transferable and irrevocable documentary letter of credit acceptable to the seller. All transfer fees for the account of the End buyer. If goods are for monthly deliveries, DLC to be as advised as non cumulative revolving for total contracting period, 2 shipment values in advance at all times. Collection applied 'at sight of clean documents. Option (b) Seller will accept a non transferable credit. Such a credit must be advised to sellers bank as confirmed. Please add USD$5.85 per MT added cost to price for added banking and administration costs if a confirmed and non transferable credit is to be used. Performance Guarantee Unless stipulated differently seller offers LLD (Late Deliver Discount) for each late delivery of USD$ per MT as applied and deducted from each invoice, as per best price offer, or paid if requested to the buyers nominated account after delivery in breach of performance is successfully delivered. Procedures (1) Offer is retuned as accepted (2) Contract advised and accepted (3) Financial instrument advised and accepted by seller (4) New price taken 5 days prior to delivery (5) First delivery instigated (6) Payment collection at sight made. (7) Next delivery if applicable applies in consecutive monthly sequence (8) Procedures (1) to (3) must be completed within 12 days of offer issuance for first delivery date to be made formally applicable. Notes (a) Only UCP 600 bank issued and endorsed financial Instrument is accepted. (b) Incoterms 2010 delivery rules apply. (c) Goods only offered to end buyer taking possession of such. (d) Settling of contract disputes as per LCIA at sellers country (e) Intermediaries involved assisting SMICE agents URPIB rules apply. (f) From whom SMICE has secured such goods from has no bearing on this transaction, and shall only be revealed once financial instrument has been accepted, as stipulated on contract. (g) FTN Exporting and all SMICE agents apply only strict, safe international trading rules and laws of application and will not entertain ill informed procedures. (h) English language applies. DECLARATION OF AGENT or SELLER I, Davide Giovanni Papa CEO of FTN Exporting and SMICE as Seller of P.O 468 Carlton Nth 3054 Melbourne Australia do here by advise this offer with good and

4 honourable intent. Print Name DAVIDE PAPA Date 13th May 2012 BUYERS DETAILS AND DECLARATION I / We the below end buyer taking possession of goods being considered for purchase do hereby confirm to accept this offer without being legally obligated or bound and do hereby declare that the information below is true and correct. Please issue the contract for our final consideration. Corporate Name of End buyer Postal Address Import Manager Name Phone Numbers Facsimile Web site

5 Name of Bank issuing DLC Country/City Port and Country of Destination Payment mode: Select One Transferable credit Non transferable and confirmed credit ( ) ( ) Date Signed Seal Final page of offer;

SALE & PURCHASE CONTRACT

=May 09, 2014 SALE & PURCHASE CONTRACT 300,000 MT (25,000 MT x 12 Months) CONTRACT REFERENCE NUMBER: 34000.58.090071S-AA This is the sale and purchase Contract of Rice. This Contract is made on this day