To:

From:

AMAX GLOBAL, LLC

2875 Michelle Drive, Suite 160, Irvine, CA 92606, USA

BeijingOffice:

6 East Futong Street, Focus Square "D" Suite 2610

Chaoyang District, Beijing

We, AMAX Global, LLC hereby state and represent that it is our intention to sell, and we hereby confirm that we are ready, willing and able to sell the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions as stated below. This representation is made with full corporate authority and responsibility.

Commodity:

IronOreFines

Inspection:

SGS or AHK (Alfred H Knight) at departure port

Country of Origin:

Venezuela

Portof Loading:

PUERTO CABELLO

Specifications:

Dry basis(105℃)

CHEMICAL

• Fe Content

64% (Minimum 63.0%)

• Al2O3

2.00%

• SiO2

3.00%

• Phosphorus

0.10%

• Sulphur

0.35%

• Moisture

H2O: 8.0% Max

PHYSICAL(Natural Basis)

+100mesh 60%

-100mesh 40%

Shipment:

First delivery within 30 to 45 days from origin port