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CORPORATION

Date: 14th July 2010

Attn :To Whom This May Concern

RE :Letter of Intent to Purchase Coal

We, Charter Limited, acting with full corporate and legal authority and responsibility, hereby
indicates our intention to purchase the following coals based on the following terms and
conditions:-

1. PRODUCT / ORIGIN :
Indonesia

2. SPECIFICATIONS:
As per ASTM Standard: On Air Dried Basis (ADB), unless otherwise specified (ARB
means on “As Received Basis”) – Steam Coal

Parameters Typical Rejection


Total Moisture (ARB) 14 % max Above 16 %
Inherent Moisture (ADB) 8 % max Above 9%
Ash Content (ADP) 15 % max. Above 16 %
Volatile Matter (ADB) 27 % Above 40%
Fixed Carbon (ADB) By Difference
Total Sulfur (ADB) 1 % max Above 1 %
Gross Calorific Value (ADB) 6,300 kcal/kg Below 6,100 kcal/kg

3. SHIPMENT QUANTITY
By Vessel : Tonnage deliverable per month: 70,000 Metric Tons per type, total to
be delivered per month is 210,000 Metric Tons, for a period of 1 year.

4. FULL CORPORATE OFFER BASED ON


FOB Barge

5. TARGET PRICE
IDR 550.000,- Per MT

6. PAYMENT TERM
By Cash 50%:40%:10%

Rasuna Said Kav.5-4 Jaksel 1


7. DOCUMENTS REQUIRED FOR AUTHENTICATION
Bills of Lading of previous trades to quantity above 30,000 metric tons.
SGS Certification of the commodity.
Other documents pertaining to previous trades of similar quantities.
Corporate Profile of Supplier

We trust you will be able to meet the above requirement, and we await your prompt
response with the relevant documents at your earliest opportunity.

This Letter of Intent is signed by Authorized Representative of the Buyer as evidenced below
which is an integral part of this commitment.

For and on behalf of the said Buyer: For and on behalf of the said Seller:
Charter Limited

--------------------------------------------- ------------------------------------------------
Authorised Signature Authorised Signature
Name: (Zulkifli Idris) Name:
Designation: Managing Director Designation:
Date: 14/07/2010 Date:

CP.081350751734 (Sayyed Muchtar Al Syathrie)

Rasuna Said Kav.5-4 Jaksel 2

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