LETTER OF INTENT FOR CONTRACT

To: A&L International

Attn: Ms Lya
August 2nd, 2017

We, NARAYAN TARA GROUP TRADERS,SOUTH EAST COAL INDIA PVT LTD, hereby state and represent that it
is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the
following commodity as per the specification and in the quantity and for the price as
specified in the terms and conditions stated below. This representation is made with full
corporate authority and responsibility of the above stated buyer.

On our side, we accept your offer as follows:

Commodity : Fe 63% to 64 % , Iron Ore Fines
Specifications : Fe-63 to 64 %,Sio2-10 to 12 %,Al203-2.5% to
3.5%,Loi-1 to 2 %,Phos -0.095
Quantity per month (MT): 50,000 MT to 120,000 MT
Contract Duration (months): 12 MONTH DURATION
Target Price (FOB) ASWB: 62 usd/MT
Target Price CIF China port :72 usd/MT
Payment Terms: Irrevocable /Non Transferable LC AT SIGHT,NO PB
We, Need to start with Minimum, order for 50,000 MT to Maxi 120,000 MT x 12 Months
Ready to sign the contract for 12 month duration.

Thank you very much, looking forward to receive Official Offer.

I hereby attest that I have the authority to sign on behalf of Buyer;