Willing and able to enter into contractual agreement with the Buyer
for the sales of the following commodity as follows:

1) IRON SAND FE> 50% - 53% RAW MATERIAL USD 65/ MT, FOB MOTHER VESSEL
2) IRON SAND FE> 55% - 57% SEPARATOR USD 77/ MT, FOB MOTHER VESSEL
3) IRON SAND FE> 58% - 60% SEPARATOR USD 86/ MT, FOB MOTHER VESSEL
Commodity : Iron Sand FOB ON PORT INDONESIA

A. Mining site: Cilacap, West Java
Capacity : 30.000 – 50.000 Metric per Month
Vessel Port : Int’ l Port Tanjung Intan, Cilacap, Central of Java
Mine to Loading Port : + / - 70 Km
Miner Name : PT. AUS
Loading Schedule : Vessel 35 day after LC Confirm Bank to Seller
Quantity : 30.000 MT for first shipment, After 200.000 MT/ month

B. Mining site: KENDAL - JEPARA, CENTER Java
Capacity : 20.000 – 50.000 Metric per Month
Vessel Port : Anchorage Vessel ( 2-3 Milles, You can see the Vessel)
Mine to Jety Port : + / - 10 Km
Miner Name : PT. PNT
Loading Schedule : Vessel 45 day after LC Confirm Bank to Seller
Quantity : 30.000 MT for first shipment, After 200.000 MT/ month