Dear Valued Customer

Following your LOI, We hereby would like to offer you our valued Ferronickel with the
Following Specifications,

Product : High Carbon Shot Ferronickel

Specification : Ni : Min 17%

C : Max 3 %
Si : Max 4.00%
P : Max 0.05%
S : Max 0.06 %
As : Max 0.01 %
Size : 3-50 mm

Chargo Quantity : Maximum 100 Tons of Nickel

Price : Average of LME Nickel Cash Official Price minus
USD
2000 per MT (CIF Surabaya Port) (Exclude VAT
10%)
Term of Delivery : CIF SurabayaPort
Term of Payment : Telegraphic Transfer (TIT)
Time of Shipment : November 2019
QP : One Month after Month of Shipment

We already have received your LOI as requirement to make a new sales and
purchasing agreement of Ferronickel.

Thank you for your understanding & cooperation.