LETTER OF INTENT TO PURCHASE

Date: 16th June, 2012

To, ABC Holdings Limited P O Box XXXXX Dubai; United Arab Emirates Sub: Purchase of XXX XXXX XXXX The following sets out the basic terms upon which we would be prepared to purchase XXXX, specification as mentioned below. The terms are not comprehensive and we expect that additional terms will be incorporated into a formal agreement to be negotiated. The basic terms are as follows: 1. 2. 3. 4. Proof of ownership - bill of lading copy to be provided. Physical verification of stock in Jebel Ali warehouse Sample will be drawn from the stock from the warehouse at the time of inspection: Consignment of XX,XXX received in UAE not earlier than XX-XX-2012

Stock lying outside the Jebel Ali port and duty paid: Quantity of 10,000 Metric Ton approx (+ or -) 5 % Complete purchased stock of 10,000 will be lifted in part or full within 10 days from the date of letter of credit. after signing the contract and

Stock will be lifted in part min of xxx tons and max of XX,XXX tons in lot or part of L/C. L/C will be drawn directly on the owner or the company holding ownership or legal possession of the stock Xxxxx must be of xxxxx origin xxxxxxxx and certificate or documents confirming the quality to be provided. All the set of ownership documents to be provided at the time of signing the agreement and before opening of the L/C. After opening the L/C in case the seller is not able to supply the specified quantity, he has to compensate the buyer, the stock will be free from any bank loan / lien or any other litigation. Packing details to be provided. Stock will be fresh and free from moisture and good condition. Any bags damaged or deteriorated will not be accepted, at the time of physical loading the owner should provide authenticated invoice in 3 original signed by the authorised signatory and copy of the trade licence. The purchaser will be m/s. Xxxxxxxxxxxxx, Dubai Conditions precedent: the obligation of the purchaser to purchase the product will be subject to physical verification & satisfaction of the product. Additional items: this letter of intent hereby states the major terms of the agreement that the purchaser would be prepared to move forward with this letter of intent is in no way a legally binding agreement between the purchaser and the vendor. Sincerely,

XXXXX (Name of Authorized Signatory)