royal gourmet foods pvt.ltd

REF No:                                                           CONTRACT

Messer’s:

Dear
Sirs,

We
hereby confirm our sales transaction made with your company on the following
terms and conditions:

ORIGIN                         :           India

Commodity                   :           Rice

QUALITY                       :           5%-25% Broken white Rice

CROP
YEAR                 :           2010/2011

PRICE                          :           from USD 470-430/M.T. FOB Indian Port

SHIPMENT                    :           As per Buyer Instruction

QUANTITY                    :           min. 12500 M.T or as per Buyer Requirement

DESTINATION               :           As per Buyer

SHIPPING
MARKS        :           If Any

PACKING                      :           50 KG PP Bags

PAYMENT                    :           By Irrevocable LC at Sight

NEGOTIATING
BANK     :           HDFC
Bank Ltd.

                                                KG
Marg, New Delhi

PAYMENT CLAUSE      :           Upon receipt
of document at our counters in strict compliance with the terms and conditions
of credit. We will credit the negotiating bank account at any bank of their
choice according to their instructions two working days from the date of
receiving their authenticated Swift by us stating L/C number, amount, DHL/Courier
No. and date, shipping details and the one set of original documents have
already been dispatched by the courier duplicate by the FLWG registered
Airmail. The negotiating bank Telex/Swift (other than advising bank) should
also confirm that all the charges of advising bank have been paid.

L/C TRANSFERABLE
ALLOWED

BUYERS
CONFIRMATION                                             SELLER:                      

                                                                                    For
Royal Gourmet Foods Pvt Ltd.

                                                                                    Authorized
Signatory