FIXTURE NOTE DATED: 7TH SEP, 2011 IT IS ON THIS DAY MUTUALLY CONFIRMED BY AND BETWEEN THE UNDERSIGNED PARTIES

THE FIXTURE NOTE, THE PARTY B WILL ARRANGE AN SPACE AND THE SHIPPER SHALL LOAD THEIR CARGO UNDER THE TERMS AND CONDITIONS: PARTER A ( CHARTERER ): PARTER B( ONWER ): 1] PERFORMING VESSEL : 04] Cargo & Quantity: 5000 mt 5% molco (Steel billets in bulk - 700kgs/per pcs ) 05] Loading port: 1sbp, hai phong 06] Discharging port: manila.philipine 07] Laycan: 15 Sept - 23 Sept, 2011 (weather permitting) 08] Freight rate: USD 19.00 per metric ton on FILO CQD . Freight remittance within 3 working days after loading completion sign Bills of lading marked Freight prepaid, Clean on board and always before break bulk, freight deem earned on vessel's completion of loading, non returnable whether vessel and/or cargo lost or not lost. Freight calculated on the intaken quantity of cargo. 09] Owner guarantee vessel's derrick in good working order and have proper stowage for above cargo to load and discharge smoothly. In case of vessel's gear breakdown, shore crane to be for owner's account both ends. 10] In case of remarks on mate's receipt, owner to issue clean BL against shipper's LOI format, sample given to you or base on owners LOI subject to shipper's approval. 11] Dunnage/Separations/Lashing/Securing if any to be for charterer's account. 12] Any taxes/dues on cargo to be for charterer's account, the same on ship/freight to be for owner's account.

13] Owner agent at both loading / discharge port. 14] Shipside tally for owners a/c, dockside tally for CHTRS a/c. checker on board as required by port authority, agent to arrange for owner's a/c. 15] Lighterage/Lightening/Shifting/Barging if requested by shipper or receiver at loading and discharging port if any to be for chtrs's account. At load port, vessel enter anchorage for port authorities clearance and shifting to working berth at owner's account and time if any. 16] CONGEN BL form to be used. Cargo to be delivered at discharging port against Original BL or receiver's banker guarantee. 17] Arbitration if any at Singapore and English Law to be applied 18] Owner to guarantee that vessel is free of encumbrances and able to load above said quantity with proper stowage and pre-load stowage plan from Master must present to charterer at least 2-3 days in advance of eta. 19] Owner to guarantee that vessel shall be seaworthy for bulk cargoes in good technical condition and to be international P&I club registered and suitable to berthing, draft of discharging port and to be ISM certified. 20] Owner/Agent shall give 72/48/24/12 hours notice of vessel's arrival at load / discharging port by fax/e-mail/telex. 21] All other terms and conditions not mentioned in the above shall be per GENCON charter party revised in 1994. 23) Detention: Usd 4000 per day prorata (after 4hr allowance) against relevant SOF if vessel not allow to berth/unable to load/discharge on the reason of cargo documents not ready ,or insufficent of transportation or no cargo to load and payable 3 days after present of SOF at loadport or 3 days after completed discharge or present of SOF at discharge port. Not apply if any stowage / derrick problems arise from the vessel. 24) Charterer to pay dead freight if cargo short shipped or no cargo to load, base on quantity mentioned, exclude if any stowage/derrick problems arise from vessel. 25) The Owners are to be responsible for loss of or damage to the goods or for delay in

delivery of the goods only in case the loss, damage or delay has been caused by personal want of due diligence on the part of the Owners or their Manager to make the Vessel in all respects seaworthy and to secure that she is properly manned, equipped and supplied, or by the personal act or default of the Owners or their Manager. The claim amount based on the actual lost, counted on unit price at the time of occurance. END. AS PARTY A AS PARTY B