Product Description

COMMODITY:            CHROMITE ORE Cr2O3

GRADE QUALITY:        Cr2O3AVERAGE GRADE *9% - *5%

DOCUMENTS:    UPDATED ASSAY WILL BE CONDUCTED & SUBMITTED UPON THE SUBMISSION OF THE FOLLOWING:

1. LETTER OF INTENT (LOI) ON COMPANY LETTER HEAD OF BUYER STATING THE FOLLOWING:

   1. TYPE OF COMMODITY TO BUY.

   2. DESTINATION PORT

   3. CONTRACT OF SALE QUANTITY, & LENGTH IF APPICABLE.

   4. INDICATE THE ELEMENTS REQUIRED ON UPDATED ASSAY REPORT.

2. DRAFT OF LETTER OF CREDIT (LC).

3. DRAFT OF CONTRACT OF SALE.

COUNTRY OF ORIGIN:        PHILIPPINES.

PORT OF LOADING:        NATO PORT, CAMARINES SUR.

PRICE:    USD $******0 PER METRIC TON (NEGOTIABLE BASED ON QUANTITY & FREQUENCY OF ORDER). ABOVE IS FOB NATO PORT, CAMARINES SUR.

PAYMENT METHOD:    ADVANCED PARITAL/FULL PAYMENT/WIRE TRANSFER/LC (LETTER OF CREDIT) BENEFICIARY TOPCHROME MINING DEVELOPMENT CORPORATION. LETTER OF CREDIT SHALL BE IRRIVOCABLE/NON-TRANSFERABLE. LETTER OF CREDIT FEES TO BUYERS ACCOUNT.

INSURANCE:    ORDER WILL BE INSURED FOR **0% OF THE INVOICE VALUE.

REMARKS:    ADDITIONAL REQUEST OF THE BUYER MAY BE INDICATED ON THE LOI.