POSCO INTERNATIONAL

CORPORATION
165, Convensia-daero, Yeonsu-gu, Incheon, 406-840, Korea

CONTRACT
Date : 2019 APR 02
Ref. No : DW190402JS01

DAVIGHI INTERNATIONAL SRL ("Buyer")

Address: VIA SARDEGNA 7, 20090 PIEVE, EMANUELE, MI, ITALIA
Posco International Corporation ("Seller")
Address: 165, Convensia-daero, Yeonsu-gu, Incheon, 406-840, Korea

This Contract (“Contract”) is made and entered into by and between the Buyer and the Seller, whereby the Buyer agrees to buy and the Seller agrees
to sell the under-mentioned commodity on the terms and conditions set forth herein.

1. Commodity
*DESCRIPTION OF GOODS : COLD ROLLED STAINLESS STEEL SHEET IN COIL
*SPECIFICATION : AISI 304L 2B, SLIT EDGE, PAPER INTERLEAVED

SIZE (MM) QTY(MT) PRICE TOTAL

ITEM
NO.
SPEC. FINISH
Thickness Width Length TOTAL USD USD
1 AISI 304L 2B 0.8 1,250.0 C 8 2,420 19,360.00
2 AISI 304L 2B 0.8 1,500.0 C 20 2,420 48,400.00
3 AISI 304L 2B 1.0 1,000.0 C 10 2,430 24,300.00
4 AISI 304L 2B 1.0 1,250.0 C 10 2,400 24,000.00
5 AISI 304L 2B 1.0 1,500.0 C 12 2,400 28,800.00
6 AISI 304L 2B 1.2 1,250.0 C 8 2,370 18,960.00
8 AISI 304L 2B 1.2 1,500.0 C 8 2,370 18,960.00
9 AISI 304L 2B 1.5 1,250.0 C 8 2,340 18,720.00
11 AISI 304L 2B 1.5 1,500.0 C 12 2,340 28,080.00
12 AISI 304L 2B 2.0 1,000.0 C 8 2,330 18,640.00
13 AISI 304L 2B 2.0 1,250.0 C 8 2,300 18,400.00
14 AISI 304L 2B 2.0 1,500.0 C 10 2,300 23,000.00
15 AISI 304L 2B 3.0 1,500.0 C 10 2,300 23,000.00
TOTAL 132 312,620.00

2. SHIPMENT : WHITIN JUN/JUL 2019 2019 AT MILLS OPTION

3. PARTIAL SHIPMENT : ALLOWED
4. TRANSHIPMENT : ALLOWED
5. PAYMENT TERM : DP 15 DAYS FROM BL DATE
THE PAYMENT METHOD SAME AS THE PREVIOUS SHIPMENT
6. DELIVERY TERM : CIF LA SPEZIA, ITALY
7. MILL / ORIGIN : POSCO-TST / ORIGIN TURKEY
8. INSPECTION : MILL'S INSPECTION TO BE FINAL
9. PACKING : MILL'S STANDARD
10. COIL WT : 4MT~9MT
11. WIDTH TOLERANCE : +1mm / -0 mm
12. PAPER INTERLEAVING : Paper-interleaved
13. DELIVERY ALLOWANCE : +/-20% DELIVERY ALLOWANCE IN TOTAL QUANTITY AND TOTAL AMOUNT, REGARDLESS OF EACH SIZE
14. THICKNESS TOLERANCE : +/- 0.03
15. TECHNICAL CONDITION Meterial Test Certificate shall be issued accoring to EN 10204 3.1
16. REMARK ALL THE DUTIES RELATED TO EU SAFEGUARD WILL BE IN CHARGE OF THE BUYER.

1. Payment Terms
(1) The Buyer shall sign as an acceptor on the draft drawn by the Seller upon presentation thereof for acceptance. Upon signing the draft as acceptor Buyer shall be given the
following shipping documents;

One set of B/L

Packing list
Certificate of Origin
Inspection Certificate
Commercial Invoice

(2) If there is any claim from Buyer with relation to the performance of the obligation by the Seller under the Contract, such claims shall be settled separately from, without
relation to, payment for the Commodity.

2. Inspection
Mill’s or the Seller’s inspection on or before loading shall be final and binding upon the parties hereto.

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3. Force Majeure
The Seller shall not be held responsible to the Buyer for the delay in shipment or non-delivery (either in whole or in part) of the Commodity of the terms and conditions of the
Contract due to Force Majeure (“Force Majeure”) such as war, war-like operation, terrorist act, serious fire, flood, typhoon, labor strike, sabotage or other labor disturbances,
lockout of the manufacturing plant, shortage or failure in supply of raw materials, earthquake, epidemics, delay of carriers due to breakdown or adverse weather, perils of the
sea, embargoes, laws and regulations of any government authorities or other conditions beyond its control. In case of any Force MajUSDe the terms of the Contract relating to
time and performance shall be suspended during the continuance of Force MajUSDe.

4. Warranty and Claim

The Seller hereby warrants that the Commodity shall comply with the specification mentioned in the Contract and certificates issued by the Mill.

Any and all claims, including but not limited to, the quantity or quality claim, shall be filed by the Buyer in written not later than eight(8) months (240days) from and including the
B/L date of the Commodity. The filing of claims by the Buyer shall be evidenced by sample of the defective Commodity, photographs showing defects of the Commodity and
shall be accompanied by the detail claim report filled out by the Buyer, together with inspection report issued by a competent independent organization(SGS or OMIC). If the
Buyer fails to give notice of any claim including quality and quantity claim to the Seller during the aforesaid period, the Buyer shall be deemed to be waived any claim
whatsoever.

Should the claim prove to be justified, the Seller shall, at its option and expenses, repair, correct or replace the defective Commodity with the Commodity in conformity with the
specification under the Contract.

The Buyer hereby acknowledges and agrees that Seller's liability under the Contract shall be IN LIEU OF ALL OTHER LIABILITIES OF THE SELLER for defect in the
Commodity and the implied warranties of merchantability and fitness for a particular purpose and ANY OTHER WARRANTIES, EXPRESS OR IMPLIED are executed from the
transaction hereunder

5. Limitation of Liability
Except as otherwise specifically provided herein, in no event shall the Seller be liable for any consequential, indirect, incidental or special losses or damages of any kind
(including, but not limited to loss of profit, loss of production and loss of revenue) arising out of or in any way connected with the Contract, its implementation, performance or
failure to perform the Contract. The Seller’s liability (if any) arising directly or indirectly under or in connection with its supply of the Commodity hereunder shall not, under any
circumstances whatsoever, exceed in aggregate an amount equal to the agreed selling price for the Commodity supplied hereunder in respect of which the claim arises.

6. Title
The title of the Commodity shall pass from the Seller to the Buyer once the payment for the Commodity has been fully made.

7. Arbitration
All disputes, controversies, or differences which may arise between the parties, out of or in relation to or in connection with the Contract, or for the breach thereof, shall be
settled by arbitration in Singapore, pursuant to the rules of arbitration of the Singapore International Arbitration Centre by three (3) arbitrators appointed in accordance with the
said rules. The presiding arbitrator shall not be of the same citizenship as any of the parties. The arbitration award may take the form of an order to pay a sum of money and/or
to perform or refrain from an act. The arbitration decision shall be final and binding on the parties concerned, and judgement on the arbitration award may be entered in any
court having jurisdiction thereof.

8. Governing Law
The Contract shall be governed by and construed in all respects in accordance with the laws of the Republic of Korea. However, the trade terms shall be construed in
accordance with INCOTERMS 2010.

The application of the United Nations Convection on the International Sale of Goods shall be expressly excluded.

9. Others
No terms and conditions of the Contract shall be changed, altered or modified unless agreed upon and executed in writing by both parties hereto.
The Contract sets forth the complete understanding of the parties with respect to the subject matter herein, and supersedes any prior understandings or agreement relating
thereto.

No claim or right of either party under the Contract shall be deemed to be waived or renounced in whole or in part unless the waiver or renunciation of such claim or right is
acknowledged and confirmed in writing by such party.
The Buyer acknowledges and agrees that any standard contract terms and conditions of the Buyer shall not apply to the Seller, unless such standard contract terms and
conditions is confirmed and accepted in writing by the Seller.

In witness whereof, the parties hereto have caused the Contract to be executed by their duly authorised officers as of the day and year first above written.

The Buyer : DAVIGHI INTERNATIONAL SRL The Seller : Posco International Corporation

By : By :
Typed name : Typed name : M.S.WON
Title : Title : G.MGR OF CR STAINLESS STEEL TEAM 1
Date Date 2019 APR 02
(Buyer) (Seller)

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