We, **********, with full corporate responsibility, Ready, Willing and able to buy the following Commodities at the specified period, with the specifications and in the maximum quantity and for the price as stated below with the terms and conditions therein

Terms and Conditions As Follows;

Product:                          Used Rails  50 / 65 ISRI CODE 27/29

Quantity/Month:                   500,000 Metric Tons per month x 12 months

Length of Contract:                                12 month

Price:                               US $ 255 /Mt CIF

Origin:                             whole world

Unload Port:                    CHINA PORT

Shipment:                                By break bulk vessel

AQSIQ:                                 need provide at shipment

Terms of Payment:  Irrevocable, Non-transferable Letter of Credit

Delivery Schedule:  40 – 45 days from the Date of receipt of the LC

PAYMENT AND BANKING PROCEDURE

1. END SELLER TO ISSUE SOFT CORPORATE OFFER

2. END BUYER SENDS ICPO TO THE END SELLER

3. END SELLER SENDS FCO TO THE END BUYER

4. END BUYER SIGN/SEAL AND RETUEN THE FCO

5. END SELLER ISSUE DRAFT CONTRACT OPEN FOR AMENDMENT

6. END BUYER SIGN/SEAL DRAFT CONTRACT AND RETURNS IF ACCEPTABLE

7. UPON THE AGREEMENT OF THE DETAIL ON THE CONTRACT, SELLER AND BUYER EXCHANGE HARD COPIES CONTRACT AND LODGE CONTRACT IN RESPECTIVE BANK; THE SELLER ALSO ACCEPT BOTH SIGN/SEAL AT TTM IN THE YEAD IF BUYER REQUESTED

8. THE SELLER WILL PROVIDE THE 2% THE EQUIVALENT TO ONE MONTH OF TOTAL AMOUNT AS PERFORMANCE BOND WITH POP AFTER SIGNED CONTRACT

 POP including:

. COPY OF LICESNSE TO EXPORT, ISSUED BY THE MINISTRY OF JUSTICE

. TRANSPORT AGREEMENT TO THE SHIPPING COMPANY

. AFFIDAVIT AND LETTER OF AFFIRMATION

. REGISTERED CONTRACT

. EXPORT LICENSE

. PORT STORAGE AGREEMENT

. PASSPORT OF THE PRODUCT

. PORT STORAGE AGREEMENT

9. AFTER THE BUYER CONFIRM AND ACCEPT THE PERFORMANCE BOND DRAFT WITHIN 3 WORKING DAYS THE SELLER’S BANK SHOULD ISSUE THE 2% PERFORMANCE BOND BY SWIFT TO THE BUYER’S BANK

10. AFTER THE BUYER’S BANK CONFIRM AND ACCEPT THE SELLER’S PERFORMANCE BAND, WITHIN 7 WORKING DAYS THE BUYER’S BANK WILL ISSUE AN IRREVOCABLE L/C AT SIGHT BY SWIFT TO THE SELLER’S BANK

11. THE SGS INSPECTION WILL BE BORNE BY THE SELLER AT THE LOADING SEAPORT AND BUYER SHOULD ARRANGE CIQ AT THE UNLOADING SEAPORT

12. SHIPMENT COMMENCES AS PER CONTRACT.