I got a job offer:

A small Malaysian company with SAP Business Object partnership specializing SAP BI, in KL.
1st month: need to study SAP material and go exam in SAP Malaysia : Salary RM1800, if fail exam oni RM500 and bye bye.
2nd and 3rd month : in house SAP BI training : Salary RM2000
4th month onwards : basic salary range RM2200-2500, decided base on 1st three month performance, + few hundred <500 bonus IF perform well in project.

Its not a permanent job, contract 1 year, contract will be review again when approach end of 1st year base on performance.. NO bonus, only small incentives quarterly.

I am fresh graduate, is this salary range and the contract worth taking???