NANJING TANG TEXTILE GARMENT CO., LTD.

HUARONG MANSION RM2901 NO.85 GUANJIAQIAO, NANJING 210005, CHINA

TEL: 0086-25-4715004 FAX: 0086-25-4711363

Dear Sirs,

We thank you for your letter of Dec.25, 2000, enquiring for ladies cotton blazer.

Based on your requirement, we are quoting as follows:

STYLE NO.: 46-301A

QTY/PCS: 2550

USD/PC: 12.80

Payment Terms: By L/C at sight to be opened through a bank to be approved by the sellers.

Shipment: not later than Mar.25, 2001 by vessel.

Insurance: For 110% CIF invoice value covering all risks, institute cargo clauses, institute strikes, institute war clauses and civil commotions clauses.

The above prices are understood to be on CIF Montreal basis net. Please note that we do not allow any commission on our cotton blazer, but a discount of 5% may be allowed if the quantity for each specification is more than 1000 pieces.

The above quotation is made without engagement and is subject to our final confirmation.

Noted: Our quotation remains effective until Jan.10, 2001.

We look forward to your early reply.

Best Regards

Wang Jun (Mr.)

Dec.26, 2000