CONTRACT DATE : MAY 15, 2009 CONTRACT No : VNS-og/02 BUYER VIETNAM STEEL IMPORT EXPORT JSC ADD. RM # 2810, 347 BUILDING, TRUNGHOA-NHAN CHINH, CAU GIAY DIST., HANOI, VIETNAM. L 84-4- 2242 6896 FAX 84-4. 2221 0119 SELLER HYOSUNG CORPORATION ADD CHEONGDAM BLDG, 52 CHEONGDAM-DONG, GANGNAM-GU, SEOUL, KOREA 135-100 TEL 82-2 -707-8675 Fax 82-2 -707-8858 REPRESENTED BY : MR. H.B.CHO— GENERAL MANAGER +, COMMODITY STEEL H-BEAM 2. SPEC JIS G3101 $$400 8.SIZE / UNIT WEIGHT / QUANTITY / UNIT PRICE ( CFR HAIPHONG PORT, INCOTERMS 2000 ) | laa Length [Weight [Quantity [Price ( [Amount No_ [DIMENSION (mm) (my (Kem) _|(mr) _fusparr_|cuspy 2 [200 X 200X 8X 12 12 49.9 120 505 60,600 3 200X100 X55 X8 12 213 120| 505 60,600 (Foran 360) 181,800 1 ]i30X 150X710 mz | 315 120] 505 60,600 t ORIGIN THE REPUBLIC OF KOREA MANUFACTURER HYUNDAI STEEL COMPANY 6 SHIPMENT LATEST BY JULY 15, 2009 6.1 LOADING PORT ANY KOREAN PORT 6.2 DISCHARGING PORT _: HAIPHONG PORT, VIETNAM. 6.3 PARTIAL SHIPMENT = ALLOWED. 6.4 TRANSSHIPMENT NOT ALLOWED 6.5 INSURANCE TO BE COVERED BY THE BUYER. 7. PAYMENT BY AN IRREVOCABLE & CONFIRMED LIC AT SIGHT ISSUED BY MILITARY BANK IN FAVOUR OF HYOSUNG CORPORATION. L/C SHALL BE OPENED BY MAY 22, 2009 * LIC ADVISING BANK BANK OF NOVA SCOTIA, SEOUL BRANCH, KOREA, * LIC CONFIRMING BANK BANK OF NOVA SCOTIA, SEOUL BRANCH, KOREA, 8 PACKING MILL'S EXPORT STANDARD IN BUNDLES. 9, DELIVERY ALLOWANCE: +/-10% IN TOTAL QUANTITY IS ACCEPTABLE, 10. INVOICING THEORETICAL WEIGHT BASIS ON BUNDLE WEIGHT. 11, SHIPPING MARK CONTRACT NO VNS-09/02 SIZE SPEC VIETNAM STEEL JSC HAIPHONG PORT, VIETNAM MADE IN KOREA, 12, INSPECTION MILL'S INSPECTION PRIOR TO SHIPMENT. HOWEVER, THE BUYER IS ENTITLED TO HAVE THE GOODS INSPECTED BY SGS AT THE DESTINATION PORT, BUT NOT LATER THAN 30 DAYS FROM THE GOODS ARRIVAL. SURVEY REPORT BY SGS AT DESTINATION TO 8E FINAL. INSPECTION FEE WILL BE BORN AT THE BUYER'S ACCOUNT. IF ANY DISCREPANCY IN QUANTITY/QUALITY HAS ARISEN, THE BUYER SHALL FIRSTLY LODGE CLAIM BY CABLE OR FAX WITH THE SELLER WITHIN 30 DAYS FROM SGS INSPECTION, AND THEN SERVE FORMAL COMPLETE SUPPORTING DOCUMENTS TO THE SELLER WITHIN 45 DAYS FROM THEFrom: User To: Favat22210119 Date: 5116/2008 Time: 1:56:54 PM Page 2012 DATE OF SURVEY REPORT THE CLAM WILL BE SETTLED BY THE SELLER WITHIN 30 DAYS FROM ‘THE DATE OF BUYER SENDING CLM 18. SHIPPING DOCUMENTS ‘A SIGNED COMMERCIAL INVOICE IN TRIPLICATE, ©. PACKING LIST IN TRIPLICATE. E.8 SETS OF ORIGINAL CLEAN ONBOARD CCEAN BILL OF LADING MARKED “FREIGHT PREPAID" MADE OUT TO ORDER OF LC OPENING BANK AND NOTIFY APPLICANT, D. BENEFICIARY'S CERTIFICATE CERTIFYING ONE SET OF NON-NEGOTIATION SIPPING DOCUMENT INCLUDING 3 ORIGINAL MILL INSPECTION CERTIFICATE AND /O ISSUED BY THE KOREA CHAMBER OF COMMERCE AND INDUSTRY IN | ORIGINAL +2 COPIES HAVE BEEN SENT SY COURIER SERVICE TO THE APPLICANT WITHIN 7 WORKING DAYS FROM SHIPHICNT DATE SHIPPING ADVISE OF SHIPMENT PARTICULARS. 14 FORCE MAIEURE NEITHER PARY WILL BE HELD RESFONSIBILITY IF EITHER OF BOTH PARTIES CANNOT PERFORM TO THE GONTRACT DUE TO THE INTERNATIONALLY “ACCEPTED FORCE MAJEURE SUCH AS ACTS OF GOD, STRIKE, GOVERNMENT 2ESTRICTION, WAR, ETS, IN SUCH GASE THE SELLERIBUYER SHALL BOTH TELEX OR FAX IMMEDIATELY AND SHALL SEND. THE CERTIFICATE OF FORCE MAJEURE OCCURRED AS CVIDENCL THEREOF WITHIN 30 DAYS BY REGISTERED AIRMAIL 15. ARBITRATION AND INTERPRETATION UNLESS OTHERWISE STPULATED IN THIS CONTRACT, ALL TERMS AND CONDITIONS SHALL BE UNDERSTOOD AND INTERPRETED AS DEFINED BNCOIERMS 2200, ALL DISPUTES ARISING IN CONNECTION WITHTHE PRESENT CONTRACT SHALL BE FINALLY SETTLED BY SINGAPORE INTERNATIONAL ARBITRATION CENTER, THE AWARD SHALL BE PINAL NO BINDING ON BOTH PARTIES, ALL ARBITRATION PROCEEDINGS SHALL BE CONDUCTED IN THE ENGLISH LANGUAGE, 16. OTHER CONDITIONS INTHE COURSE OF EXECUTING THIS CONTRACT, ALL. DISPUTES IF ANY MUST BE SETTLED IN SPIRT OF FRIENDSHIP AND MUTUAL BENEFITS ANY AMENDMENT SHOULD BE MADE IN WRITING FORM CONFIRMED BY BOTH PARTIES, IN “HE WITHESS WHEREOR, THE PARTIES HERETO HAVE DULLY EXECUTED AND SIGNED THIS CONTRACT ON THE DATE AND YEAR FIRST ABOVE WRITTEN. FOR AND ON BEMALE OF THE SELLER ATION ogg czrason SUS ote