SPECIFICATION AND CONDITIONS

1. Commodity

Name of the Commodity : White Rock & Crushed Powder Gypsum

Country of Origin: Thailand

Packing: In bulk

Port of Loading: FOB ST Kohsichang, Thailand

2. Delivery Period/Quantity/Specification

Quantity: 30,000 WMT of Lump Ore plus/minus 5% at seller’s option in one shipment.

3 Specifications Guaranteed

A. Chemical Composition (on dry basis, percentage by weight)

CaSO4•2H2O: 95% Basis
Anhydrite CaSO4: ~1%
Calcium Carbonate, CaCO3: ~2%
Color: White

B. Moisture : shall be 3% maximum

C. Physical Specification: Size: 0-80 mm (Vary of size upto usage and requestion)

4. Base Price : The base price is US$/DMT FOB ST Kohsichang, Thailand

(Please reference the recent market price level)

5. Payment term : T/T or L/C at sight

6. Lead time : 45 days for first shipment, 30 days thereafter

7. Inspectional : The buyer shall have the right to visit the mine and inspection at his expense to stockpile. andb)Quality, Quantity, Weight by SGS or equivalent at seller’s cost at loading port.

The buyer shall have the right to send his delegate(s) at his expense to attend the loading process. The Certificates shall be issued by SGS or equivalent.Cost caused by any other inspection at the loading or discharging port shall be borne by the Buyer.