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Date : 23-07-2008LETTER OF INTENT (LOI)Dear Sirs,We, Ontario General Trading, LLC of Mater Al Tayer Building, , Dubai, UAE, hereby state and represent that it is our corporate intention to purchase the commodity Portland cement in the quantity and for the price as specified in the Terms and Conditions stated below. This representation is made with full corporate authority and responsibility.COMMODITY:Grey Portland cement ORIGIN:Seller choiceSPECIFICATIONS:42.5 N/R According to British standards TOTAL/CONTRACT QUANTITY:300,000MT from one sourcePACKAGING:Loose Bulk (Vessel Self Discharge)DELIVERY SIZE:25,000 or 12,500 MT per ShipmentDELIVERY SCHEDULE:Per contract ScheduleTARGET PRICE:per MT CIFDESTINATION PORT: CIF any U.A.E ports DISCHARGE RATE PER DAY:1500 MT/day minimumINSPECTION:SGS/Loading Port at Seller¬â„¢s expensePERFORMANCE BOND:2% L/C valuePayment1) By irrevocable, confirmed, revolving, letter of credit to the seller¬â„¢s bank.2) Please note that the L/C payment will be transferable once only. As we receive L/C instrument from our Distributors and Retailers, we will transfer them to the manufacturer. The seller¬â„¢s account will be the final destination of payment and it can¬â„¢t be not further transferred. Please confirm that this is acceptable and kindly revise your Soft Offer to reflect this note. BUYER¬â„¢S INFORMATIONCOMPANY NAMEOntario General Trading LLCCITY/ZIP:DubaiCOUNTRY:U.A.ECONTACT PERSONEng. Osama a al qassasTelephone+970 8 *******Mobile+972 59 *******e-mail *******@*****[email protected] NOTE :1-This LOI valid till July 26, 2008.2-We require PAPERS OF PAST SHIPMENTS as sort of PROOF OF PRODUCT.STEPS :This is the only current active LOI and has been exclusively offered for the release of the FCO/Draft Contract. This takes precedence over any other LOI currently in circulation for this commodity.The Buyer is of the understanding that any and all offers and/or contracts are subject to successful Seller verification of funds and that said Seller thus has written permission to conduct a soft probe of the Buyers account.For and on behalf of Ontario General Trading LLC. SIGNATURE: (PRINTED NAME: J.Nasser