Bangalore: 14-06-2004

To Whom It May Concern:

We are able to sell the stock of IRON ORE FINES OF Fe-63.5%, under the following terms and conditions:

Commodity Iron ore fines

SPECIFICATIONS

Chemical specification Fe 63.50% (min. guaranteed rejection below 62%)

Al2O3 3.00% (max)

SiO2 4.00% (max)

S 0.04% (max)

P 0.05% (max)

Moisture 10.00% (max)

Physical specification Below 10 mm –90% (Below 0.15%-5% max)

Above 10 mm –10%, 150 microns-45%

Quantity 60000 mt x 12 shipments = 720000.00

Origin/Location INDIAN

Price USD 62.00 C Basis to Main China Port

Terms and Condition Prime Bank, 100% Irrevocable, Letter Of

Credit at Sight with Partial Shipments

Allowed & TT Reimbursement. In seven

Days

Inspection By SGS Inspection agency

Letter of Credit should be opened on behalf this company

Name Samraj Exim (India) Pvt. Ltd.

Bank Name: CITI BANK

Branch: FORT, MUMBAI

Full Address: D. N. ROAD, FORT,

MUMBAI – 400001

81, 6th Cross, Victoria Layout, Bangalore – 560 047 Ph :-080-25567969 / 970,
Fax:-080-51127410 Email ID:koolimpex@koolgroup.net …….…2

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SWIFT Number: citiinbxaxxx

Account Number: 0-840127-117

Validity This offer is valid upto the 15th June , 2004.

Thanking You,

With Regards,

For Kool Impex Pvt Ltd,

Prashanth.