NAVITEC sp. z o.o. (NAVITEC Ltd.), company placed in Poland, acting with full corporate responsibility as the potential BUYER hereby submit our formal LETTER OF INTENT to purchase the following goods.

By signing. WE state with full legal responsibility that we are ready, willing and able to purchase the product as illustrated below and are the legal signatory with full corporate power to produce the acceptable banking instruments to activate a valid sales contract between ourselves and the SUPPLIER/EXPORTER.

1.NAME OF THE PRODUCT : CEM 1 42.5 R; CEM 1 52.5 R or N; CEM 1 32.5 R

2.SPECIFICATIONS: please offer

3.QUANTITY: 500.000 WIT Delivery in 10 parts per 50.000 MT.

4.PACKING: CEM 1 42.5 R: in bulk; CEM 1 52.5 R or N: in bulk; CEM 1 32,5 R: in bags

5.TARGET DELIVERY DATE(S): please offer

6.DESTINATION PORT: Rotterdam alternative Szczecin.

DESTINATION COUNTRY: The Netherlands alternative Poland

TERMS OF DELIVERY: please offer

7. RATE/SIZE OF SHIPMENT: please offer.

8. INSPECTION: SGS at seller's cost

9. TERMS OF PAYMENT: BG-L/C

10. TARGET PRICE: please offer

11. PERFORMANCE BOND: 3%

Quality certificates according to international standards for each shipment of product required. All the offers will be compared in accordance to listed above requirements.

This Letter of Intent is valid until September 8th 2006.

Possibilty of continous cooperation as well as next contract of 1000 MT soon. ■