On Company Letter Head

ON COMPANY LETTER HEAD Letter of Intent Date : 7th January 2010

To : Name of the Company Address Phone / Fax / Email

We ‘ Name of the Company’ hereby confirm with full legal and corporate responsibility and under penalty of perjury that we are ready, willing and able to enter into a contract for the purchase of the following commodity as specified below and that funding is available including any import/export permits needed to fulfill this purchase;

Commodity : Origin : United States of America Specification : ISRI 200 – 206 Ratio 80/20 Packaging : Loose in Cargo Units – Heavy Load 20 FT Cargo Units (Container) – Sea Worthy & Weight Capable Equipment : 20 FT Container Total Quantity : 2500 MT (1000 MT + 1500 MT) – Two Parcels Quantity Per Month : 1000 MT – minimum load per month Destination Port : Kandla – Gujarat (West Coast INDIA) & JNPT, Nhava Sheva (INDIA) – Buyer Choice – will inform seller. Shipping Line : Seller Choice – Best Available Weight in Cargo Unit : minimum 25 MT Free Time : 14 days @ destination port INCOTERMS : CIF Weekly Shipment : Minimum 10 containers per week – maximum 20 containers Payment Terms : Telegraphic Transfer – 48 hours payment period Payment Structure : 20% Advance & Balance against documents Loading Time : Within 1 week after receipt of advance Delivery Time : To start from mid February – loading to commence as soon as container & material available. Seller Obligation : To provide booking details / loading pictures min 5 each container / gate – in weight slips or eqv authority only- Target Price : $ xxx / - MT (Three Hundred United States Dollar Per Metric Tonne)

Bank Details

Bank Name : Bank Address : City / Zip / Country : Bank Tel & Fax : Bank Swift : Bank Officer Name : Bank Officer Tel : Account Name : Account Number :

We understand that any and all offer and/or contracts are subject to successful seller verification of banking capability.

We hereby give our written permission for the seller to conduct a soft probe of our account and that our Bank has been informed to this effect.

Signature :

Name Designation

SAMPLE COPY ONLY