We are pleased to send you our offer for your consideration.

Commodity: Indonesia Non-Coking Steam Coal

Quantity: 50,000MT

Port of Loading: South of Kalimantan, Indonesia

Inspection: SGS

Shipping Schedule: Within 30 days after Documentary Credit (DC)

Purchase Type: Spot or 1+11

Performance Bond: 1%

Payment Mode: Non-Transferable DC

Payment Terms: 98/2% at sight after documents/CIQ

Price (FOB MV):

GCV 5500-5300 / NCV 3800-3600 – USD 58 per MT

GCV 5800-5600 / NCV 4500-4300 – USD 66 per MT

GCV 6300-6100 / NCV 5500-5300 – USD 77 per MT

Specification: See Attachment

Procedure: We'll prepare and send you our draft contract upon your acceptance of this offer with the below details.

1. Company Name in Full

2. Company Registration Number (Attach a copy of Registration Certificate if any)

3. GCV, Port of Discharge and Discharge Rate per Day

Please find enclosed the Draft Contract of initial signed by Seller in-closed format of Draft LC / format of PB for Buyer's approval for your reference (PDF / Excel).

Could you please full fill for buyer's side / signed back to us by EDT mail, if all acceptable or if find revise term of conditions, please revised / initial signed by Buyer then feed back to us. Include format of PB / Draft LC.

1. Buyer's full filled in; YELLOW mark / RED words (Translate to Chinese / others / light BLUE etc.

For NEXT STEP.

2. Seller sending Draft Contract / Draft LC / format of PB as attached for buyer's approval / signing.

3. Buyer sends ICPO with Bank Details and Soft Probe Authorization, addressed to SELLER via Company Ltd.

4. Seller issue Draft Contract and Draft Pre-Advised DLC (MT 705) open for buyer comments and / or Approval.

5. Seller issue NCND/ IMFPA to be filled out and sent back to sell.

6. Buyer and seller signed final contract via electronic mail.

7. Buyer and seller approve Draft of Pre-Advised PB and DLC.

Appreciate for your prompt signing of contract with approval format of PB / Draft LC and Let us know Buyer’s site visit schedule.

Thank you for your kind attention.

Kind regards,

Cecep Syaefulloh