MEMORANDUM OF AGREEMENT

A contract entered into this _______ day of August 2011 at __________________, Philippines by and between; NELA AGCOM INTERNATIONAL TRADING, a legal entity registered in the Securities and Exchange Commission, with office address at Lower Kabanayan, Bulacao, Talisay, Cebu, Philippines, represented by the Chief Executive Officer (CEO) LINUS CRUZ, of legal age, duly authorized with existing cooperation of LUIS GONZALEZ JR both herein referred as the FIRST PARTY [ SELLER ] And TRAFIGURA CORPORATION, a legal entity duly registered in Singapore with local trading outfit subject to the laws of the Philippines, with office address at ______________________________, Philippines, represented by duly authorized corporate officer WILLY WEE WEI LEE of legal age, herein referred as the SECOND PARTY [ BUYER ] FOR AND IN CONSIDERATION TO; the long term supply of iron ore to the SECOND PARTY by the FIRST PARTY WHEREAS; The FIRST PARTY existing cooperation and supply contract with legal mining permit holder LUIS GONZALEZ, JR. in Liloan, Southern Leyte, Philippines guarantee to deliver continued supply of iron ores to the SECOND PARTY of not less than 10,000 metric every month with the first volume of 10,000 metric tons be accomplished in 45 days and an additional 15 days to include site preparation and processing of legal documents related to the subject. The SECOND PARTY existing requirement of Iron Ore for its corporate purposes guarantee to purchase the iron ore production volume of the FIRST PARTY.

WHEREAS;

HERETO AGREED TO CONDUCT BUSINESS COOPERATION according to the following conditions to wit; 1. FIRST PARTY deliver not less than 10,000 metric tons of iron ores with Fe content not less than 63% to the SECOND PARTY according to the following schedule; First Month: After 45 days : Second Month: After 30 days : 10,000 metric ton

10,000 metric ton

Succeeding Production: After 30 days : 10,000 metric tons A total of 12 Shipments

2.

SECOND PARTY provide Domestic Non-Transferrable, Irrevocable LC at site with 95% and 5% Performance Bond based on the volume contract schedule. FIRST PARTY, is responsible for the hauling of iron ore from the stock yard to the barge / LCT. SECOND PARTY, is responsible to Barge the product to mother vessel except loading of the iron ores into the mother vessel which is part of the vessels owner responsibility. SECOND PARTY, is responsible for the shipment of the iron ores product to its processing destination after the product pass the rails of the mother vessel. FIRST PARTY shall be responsible for the quality testing of the iron ores product using CCIC or SGS as conformed by the SECOND PARTY.

3.

4.

5.

6.

FURTHER AGREED BY BOTH PARTIES THAT; 1. International Chamber of Commerce and Industry- Non-Circumvention and Non- Disclosure Agreement [ ICCI-NCNDA ] shall be invoke and effective upon signing of this contract whereof, violation of herein policy shall mandate the payment of the aggrieved party the lost of income by the other party perpetual to the duration of the business activity by the violating party within the 2 years provisionary period. 2. Sales and Purchase procedure shall follow as herein attached volume contract. (Sales and Purchase Agreement) FINALLY AGREED BY BOTH PARTIES THAT; 1. In the event the mine area in contract by the First Party has already been Mined Out or the production is already incapable of producing the volume in contract and the production has to stop. Second Party has the right to withdraw the LC and any remaining products may be sold as mutually agreed by both parties. 2. In the event of some adjustment and misunderstanding, the said shall be resolved in the most fair and reasonable WIN-WIN Solution by both and in case shall refer to Philippine government arbitration of the DTI, SEC or other regulatory body for appropriate resolution. 3. This contract shall be binding upon signing and shall be fully enforceable upon compliance of the SECOND PARTY to the terms herein above stated and shall be in effect within the stated volume and shall be renewable for every volume contract as above scheduled . DULY SIGNED THIS ________ DAY OF April 2012 AT ____________________________, Philippines. FIRST PARTY SECOND PARTY

LINUS CRUZ JVR INDUSTRIES LUIS GONZALEZ, JR. Mine Owner Witnessed;

WILLY WEE WEI LEE TRAFIGURA CORPORATION

_______________________________

__________________________________

ACKNOWLEDGEMENT
PRESENT BEFORE ME, NOTARY PUBLIC, persons bearing their respective valid identification and made known to me the same are the person signing this 2 pages documents including this notary page and made known to me the same are done voluntarily; Name LINUS CRUZ __________________________ Passport/CCIC ________________ ________________ Date and Place Issued ____________________________ ____________________________

SUBSCRIBED AND DOCUMENTED THIS __________ DAY OF August, 2011 AT ___________________________

__________________________________ Notary Public

Doc. No. Page No. Book No. Series of ___________ ___________ ___________ 2011

SALES AND PURCHASE AGREEMENT

The following signed agreement is a document that is legally binding and enforceable under the Philippine Law Rules and Regulation. THE SELLER Name of the Company: Address: Telephone: Email: Contact person: Designation: JVR Industries Kabanayan, Bulacao, Talisay, Cebu, Philippines _@yahoo.com JHONNY V. DE LOS REYES Proprietor

THE BUYER Name of the Company: Address: Telephone: Fax: Email: Contact Person: Designation: TRAFIGURA CORPORATION

Willy.Wee@trafigura.com WILLY WEE WEI LEE

Whereas the Seller agrees to sell and the Buyer agrees to buy the following materials on the following specific terms and conditions: 1. DEFINITIONS Metric Ton each means 2204.62 Pounds or 1000 Kilograms, wet or dry basis as specified. Dry Basis means Ore dried at 105 degrees centigrade. Dry Metric Ton means a ton of ore dried at 105 degree. CCIC China Certification and Inspection Group Co., Ltd. USDAmounts of money stated in Dollars and Cents are references to the currency of the United States of America.

2. QUALITY AND DESCRIPTION Commodity: Origin: Mineral content: IRON ORES Philippines Fe: 62 AND UP % base grade

The Seller guarantees the quality of the Iron Ores content deliver to the buyers vessel at port of Liloan are not less than 62% or above but not lower than 60%.

Iron Ore Rejection below Max :

62 %, 60% 14%

Moisture (At 105 degrees centigrade):

Size:

0-200 mm = 50% 200-300mm= 50%

3. QUANTITY: 10,000 Metric Tons X 12 4. DELIVERY AND SHIPMENT Deliver to the Barging site for loading into buyers mother vessel Packing: Open and Bulk Cargo Port of Delivery: LCT / Barge of the Buyer at the causeway provided by the Seller, Philippines 5. INSPECTION 5. 1 By CCIC Philippines or SGS per mutual agreement by parties 5.2 Quality inspection fee will be charged to the Seller. This will serve as the basis in the fulfillment of the final payment. 6. PRICE: USD 75 / MT FOB Barge $ 9,000,000.00 USD (10,000 MT X 12 X 75)

6.1 Total Contract Price:

6. 2 There shall be no price adjustments for quality above 64% 6.3 Price is inclusive of Excise Tax, Ore Transport Permit (OTP) and Mineral Ore Export Permit (MOEP) of the Philippines.

7. PAYMENT TERMS (Domestic Irrevocable LC 95% / 5%) 7.1 Buyer issue a Domestic Non-Transferrable, Irrevocable LC at site with 95% and 5% Performance Bond upon signing of this document for the first volume. 7.2 Succeeding shipments will be issued Domestic Non-Transferrable, Irrevocable LC at Site 100% at the start of the next production period.

8. LOADING: Loading shall commence 60 days upon signing and release of Domestic Non-Transferrable, Irrevocable LC at site with 95% and 5% 10,000 mt shall be loaded into buyers mother vessel within 8 days lay can time of vessel, otherwise, demurrage shall be chargeable to Seller if said delay is not cause by forced majeure as described in clause 9. 9. FORCE MAJEURE If either party is prevented by Force Majeure from timely performance of any obligation hereunder, the failure of performance shall be excused and the period for the performance shall be extended for an additional period equal to the duration of the Force Majeure. Upon the occurrence and upon the termination of Force Majeure, the party affected shall give immediate notice thereof to the other party by facsimile or other electronic transmission.

The party suffering the Force Majeure shall use all reasonable diligence to remedy Force Majeure, but shall not be required to contest the validity of any law or regulation or any action or inaction of civil or military authority. The party not affected by the Force Majeure shall take reasonable steps to reduce any loss or damage. Definition of Force Majeure: Force Majeure means any cause beyond the control of LGJ Mining Corporation and Treasure Steelworks Corporation including but not limited to war, blockades, revolution, insurrection, strikes, lockouts, civil commotion, riots, acts of terrorists, acts of God, plaque or other epidemics, fire or flood, storm, typhoon, or other severe weather conditions or unforeseen blockage or entrance to channels, canals or ports. 10. Financial Coordinates; SELLER Name of Company: Bank: Branch: Address: SWIFT CODE: Account Name: Account No.: Tel: Contact Person: BUYER Name of Company: Bank: Branch: Address: SWIFT CODE: Account No. Tel: Contact Person: 11. CONFIDENTIAL All contents of this contract shall be kept confidential by both parties; any party should not reveal any terms and conditions of this contract without the written permission of the other party. 12. ENTIRE AGREEMENT This contract sets forth the entire understanding of the parties with respect to the subject matter hereof, and there are no representations, undertakings or contract between the parties not incorporated herein. Neither this contract nor any provision hereof may be waived, changed, discharged or terminated except by instrument in writing signed by the parties against which the enforcement of any waiver, change, or termination is sought. In carrying out this Agreement, the Buyer and the Seller have agreed to endeavor to solve the unexpected problems or difficulties, if any, with respect to the provisions of the contract, on the basis of mutual benefit and cooperation. 13. DURATION CHINA FAME CORPORATION HONGKONG SHANGHAI BANK CORPORATION PHILIPPINES JVR INDUSTRIES CHINA BANKING CORPORATION Cebu - Talisay CBC Building, 1055 Cebu South National Road Bulacao, Talisay City, Cebu, Philippines CHBKPHMMXXX

JHONNY V. DE LOS REYES

This Contract shall be effective after mutual signatures and affixing of badges /seals by fax or email and shall remain in force until completion of the parties obligations herein. Both seller and buyer will keep original copies separately. The final explanation of the terms and conditions of this contract will use the English version.

For and on behalf of Seller:

For and on behalf of Buyer:

______________________________

_____________________________

Witnessed _________________________ ________________________

NOTARY PUBLIC

ON THIS DATE OF _______________________, 2010

BEFORE ME, THE UNDERSIGNED NOTARY PUBLIC, PERSONALLY APPEARED THE FOLLOWING:

TO ME KNOWN TO BE THE INDIVIDUALS DESCRIBED HEREIN AND WHO EXECUTED THE FOREGOING INSTRUMENT, AND ACKNOWLEDGED THAT THEY EXECUTED THE SAME AS THEIR FREE ACT AND DEED.

_______________________________ ___________________________ NOTARY PUBLIC SIGNATURE OFFICER NAME: TITLE:

NOTARY PUBLIC SIGNATURE OFFICER NAME: TITLE :

Doc. No. Page. No. Book No. Series of

______________ ______________ ______________ 2011