Dear Sirs/Madam,

My best wishes in 2008

We are looking for acceptable supplier to conclude the long-term contract neodymium oxide 99.9% min 1200 kg/year with following specification:

Assay: 99,9%

La203, ppm 62 max

Pr6011, ppm 184 max

Ce, ppm 9 max

Sm203, ppm 10 max

TREO 99.1% min

Fe203, ppm 19 max

Losss of drying 0,98% max.

If you in position to supply this chemical please send us your offer for shipment one time in three months (total four lots 300 kg each) by sea by LCL:

1. Your offer CFR Klaipeda by LCL and FOB your port for lot 300 kg

2. Your possibility to have export quota during 2008

3. Your detailed specification

4. Your packing (sent us your photo is you have)

5. Delivery time

Payment term is 50%T/T against your proforma-invoice; 50% T/T against shipping documents by fax or scanned copy by email.

Sincerely yours,

Vyacheslav Melnikov

The Director

Balti Kaubad ja Teenused AS

14-1 Mayakovski Str.

Sillamae town

Estonia, 40231

Tel.: +372 (39) 24340

Fax: +372 (39) 24006