NEW PRICE LIST SEPTEMBER 2010 COAL OFFER FROM EAST KALIMANTAN INDONESIA Attn : Mr / Mrs. Buyers Director of Buyers Dear Sir / Madam, We are pleased to submit our firm offer based on following terms and conditions: 1. MINE SOURCE The coals are produced from our mine located in Province East and South Kalimantan Indonesia. 2. QUANTITY / SHIPMENT Quantity : 1.200.000 MT up to 2.400.000 MT per annum Shipment schedule : 21 days in lots of 100.000 MT (+ 10%) FOB or TMV size Vessel Prompt shipment with exact lay can to be mutually agreed by both parties. 3. TYPICAL QUALITY Gross Calorific Value (ADB) : 6300 Kcal/Kg (equivalent 6100 Kal/Kg As Received) - Price 68 USD/MT Payment Cash Gross Calorific Value (ADB) : 6300 Kcal/Kg (equivalent 6100 Kal/Kg As Received) - Price 75 USD/MT Payment LC Gross Calorific Value (ADB) : 6300 Kcal/Kg (equivalent 6100 Kal/Kg As Received) - Price 94 USD/MT Payment CIF/CFR/CNF Total Moisture ARB 16 – 18% Maximum Inherent Moisture 08 – 12% Approx Ash Content 12 – 18% Maximum Hard grove Index 38-45% Minimum Fixed Carbon By Different Approx Volatile Matter 38 – 45% Approx Sulfur Content 0,5-1,5% Maximum Size 0-50 mm 90 % Gross Calorific Value (ADB) : 5800 Kcal/Kg (equivalent 5600 Kal/Kg As Received) - Price 63 USD/MT Payment Cash Gross Calorific Value (ADB) : 5800 Kcal/Kg (equivalent 5600 Kal/Kg As Received) - Price 70 USD/MT Payment LC Gross Calorific Value (ADB) : 5800 Kcal/Kg (equivalent 5600 Kal/Kg As Received) - Price 84 USD/MT Payment CIF/CFR/CNF Total Moisture ARB 27 – 33% Maximum Inherent Moisture 13 – 16% Approx Ash Content 09 – 14% Maximum Hard grove Index 42-45% Minimum Fixed Carbon By Different Approx Volatile Matter 38 – 45% Approx Sulfur Content 0.7 – 1.0% Maximum Size 0-50 mm 90% Gross Calorific Value (ADB) : 5500 Kcal/Kg (equivalent 5300 Kal/Kg As Received) - Price 46 USD/MT Payment Cash Gross Calorific Value (ADB) : 5500 Kcal/Kg (equivalent 5300 Kal/Kg As Received) - Price 58 USD/MT Payment LC Gross Calorific Value (ADB) : 5500 Kcal/Kg (equivalent 5300 Kal/Kg As Received) - Price 74 USD/MT Payment CIF/CFR/CNF Total Moisture ARB 30 – 38% Maximum Inherent Moisture 12 – 19% Approx Ash Content 4 – 9% Maximum Hard grove Index 48% Minimum Fixed Carbon By Different Approx Volatile Matter 38 – 48% Approx Sulfur Content 0.5 – 1.0% Maximum Size 0-50 mm 90%

4. LOADING PORT
Kalimantan Indonesai Port

5. CAPACITY

20000-100000MT/Month

6.BARGE

270-300 Feet (5500 MT- 8000MT)

7.LOADING SCHUDULE

Barge 21 Days After First Payment  50%

Vessel 45 Day After LC Confirm Bank To Seller On

8.PAYMENT FOB BARGE DAN FOB MV

Full SKBDN from Any Bank in Indonesia or Cash Barge Payment 5-4-1

Full Irrevocable Letter Of Credit 100% at Sight, Transferable from Prime Bank

9.PAYMENT CIF/CFR/CNF

Full Irrevocable Letter Of Credit 100% at Sight, Transferable from Prime Bank

10.ANCHORAGE POINT

Muara Jawa and Muara Berau ( East Kalimantan )

Taboneo and Tanjung Pemancingan ( South Kalimantan )

Please send us the draft contract and the draft LC for this transaction and all relevant documents as soon as possible, your immediate attention and confirm your readiness is appreciated.