L/C Amendment

To: Eric H. Williams

Purchasing Manager

From: Michael Young

Marketing Manager

Date: March 4,2002

Re: L/C Amendment

Dear MR. Eric H. Williams,

Thank you very much for the emailed content of L/C No. 57013490485. Please amend the clauses of the L/C accordingly

Before Amendment

1.“Date and place of expiry: 2002/07/15 San Francisco port or designated.”

2.“Destination: San Francisco or designated.”

3.“Latest date of shipment: 2002/07/10.”

4.“Validity: 2002/07/10.”

5.“Date of arrival to destination: no earlier than 2002/08/25 and no late than 2002/09/25.”

6.“Shipment of goods: dead-burned magnesite as per actual specifications.”

7.“A full set clean no board ocean bill of lading issued to carrier.”

8.“Quality certificate issued by manufacturers original and copy.”

After amendent

1.“Date and place of expiry: 2002/08/30 San Fracisco port.”

2.“Destination: San Francisco.”

3.“Latest date of shipment: 2002/07/30.”

4.“Validity: August 15,2002.”

5.“Date of arrival to destination: Between August 10,2002 and August 30,2002.”

6.“Shipment of goods: dead-burned magnesite as per SGS Dalian, China or CCIC certificate.”

7.“Issued to order blank.”

8.“Quality certificate issued by SGS in duplicate.”

Thank you in advance and best wishes.

Michael Young

Marketing ManagerYoung’s Refractory Materials Inc.