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MANGANESE ORE ON THE NEXT PAGE

PHILIPPINES MANGANESE ORE:

SOFT OFFER - PHILIPPINES MANGANESE ORE GRADE Mg45% +



Firm quotation shall be made against receipt of each specific inquiry stating exact required quantity,

based on Break-Bulk shipment (a lot of about 10,000 metric tons) per month.



COMMODITY : Manganese Ore.

GRADE : Mg 45% +;

SIZE: Lumpy 10mm and UP;

PACKING: Bulk (Lose without packing material);

ORIGIN: Philippines.

QUANTITY: About 10,000 Metric Tons for the initial delivery.

FUTURE AVAILABILITY: After successful delivery of the initial order, a quantity of about 20,000 metric tons shall be arranged on monthly basis for twelve months.

PRICE: @ US$278.00 (USA Dollars Two Hundred & Seventy-Eight) per metric ton; ex-warehouse at port

LONGTERM CONTRACT : After successful completion of the initial delivery, long term contract could be discussed between the seller and the buyer.

DELIVERY: Within 30-days upon written confirmation from the Sellers Bank confirming receipt of the total advance payment is credited in the sellers Bank account.

TERMS OF DELIVERY : The buyer shall lift the contracted material from the sellers site at buyers risk and cost. Inland transportation and loading into the vessel (stevedoring cost) shall also be on account of the buyer. The delivery site (stockpile site) is in the vicinity of the SND, Lanao Del Norte, Region 10 Mindanao Island, Philippines.

INSPECTION: Pre-delivery inspection, at the cost of the seller, shall be conducted either by SGS or CIQ or any other internationally recognized surveying companies, operating in the Philippines; The surveying company shall issue detailed analysis results of the total contracted material, which shall be binding on both the seller and the buyer.

PAYMENT TERMS : The offer is ex-warehouse at port & payment made prior to release from warehouse.

NOTE: After the deal is concluded, seller and buyer shall enter into a formal Sale & Purchase Agreement ( S&PA), vendor shall facilitate both the seller and the buyer to sign the S&PA directly with each other.



ADDITIONAL NOTES

The advance payment or the DLC goes directly to the Bank of the mine owner-cum-exporter.

contract with the direct mine as their exclusive marketing entity.

The same mine will supply, limestone, iron magnetite sand, chrome concentrates.

Analysis report and photos of the mine site(s) would be forwarded when the quoted price and terms as specified above are found workable at the end of buyers.

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