Iron Ore Fines

1.
PRODUCT: Iron Ore Fines Fe 64.5% - 63.5%

2. COUNTRY OF
ORIGIN:

3. QUANTITY: 200,000
Metric Tons per Month?  First Two Months 500,000 Metric Tons per Month for remaining Ten
Months

4.
PRICE: USD$CIF PER METRIC TON?  200,000 MT/month USD$
CIF PER METRIC TON?  500,000 MT/month

5.
DELIVERY: CIF Shanghai Port, China

6.
PAYMENT TERMS: By Irrevocable Letter of Credit at sight against shipping
documents

7.
PERFORMANCE BOND: 2% Issued by Seller

8.
INSPECTION: SGS Certificate of Weight/Quantity/Quality at Seller Cost
at Port of Loading.