COMPAÑÍA MINERA DEL ANDE WP S.A.C. AAHH Keiko Sofía Fujimori Mz. B. LT.

2
San Juan Bautista Huamanga,
Ayacucho, Perú
Phone: Peru: 01151-974328706
Proforma Invoice USA: (571)488-4038

Date: 23 December, 2022

Proforma Invoice N° 122322-2
Sold To: A&D Ltd.
Att: Mr. Dariusz Przywarski/CEO
ul Adama Mickienicza 38-81
866 Sopot
Poland
E-mail: www.ad.ltd.eu
Telephone: (01148)535 809 777
Commodity Description Unit Price Total Price
US$/MT US$
1st shipment: 35,000 MT of thermal coal Anthracite 250.00 8,750,000.00
2nd shipment: 35,000 MT of thermal coal Anthracite 250.00 8,750,000.00
3rd shipment: 35,000 MT of thermal coal Anthracite 250.00 8,750,000.00

Total CIF GDANSK, POLAND US$ 26,250,000.00

Country of origin: Perú

Port of Loading: Salaverry and/or Chimbote
Final destination: Poland
Port of unloading: Gdansk
Estimated delivery time: 1st shipment: 30 to 45 days
2nd shipment: 25 days after 1st shipment
3rd shipment: 25 days after 2nd shipment
Quantity per shipment: 35,000 MT (+/-15%) MT/vessel.

Quality:
Total Moisture (%), no more than 8.0 ISO 589
Ash (%) 6.0 ISO 1171
Volatile Matter (%) 35.0 ISO 562
Sulphur (%) 0.8 ISO 334 or 351
Gross Calorific Value (kcal/kg), not less than 6300 ISO 1928
(NAR) Net Calorific Value (kcal/kg), not less 6000 ISO 1170 at constant pressure
Mercury (Hg) ppm <0.25
Size:
Nominal Top size ……. 50 mm
% wt, 25 – 50 mm 50%
% wt, 13 – 25 mm 25%
% wt, 6 – 13 mm 20%
% wt, 0 – 6 mm 5%

Compañía Minera del Ande W P SAC, rdelosrios@rolproducts.com, Phone: Peru: 01151-974328706; USA: (571)488-4038
COMPAÑÍA MINERA DEL ANDE WP S.A.C. AAHH Keiko Sofía Fujimori Mz. B. LT.2
San Juan Bautista Huamanga,
Ayacucho, Perú
Phone: Peru: 01151-974328706
Proforma Invoice USA: (571)488-4038

Payment terms: Proforma Invoice N° 122322-2

Irrevocable, confirmed, assignable, transferable, and divisible letter of credit, partial shipments allowed, as per
(ICC № 600 «UCP»), for US$26,250,000.00 (Twentysix million Two Hundred Fifty Thousand and 00/100) in
favor of the beneficiary, according this proforma invoice.

If the Documentary Letter of Credit (DLC) amount does not cover the amount indicated in the commercial
invoice for the actual shipment(s), the Buyer is obliged to pay the missing amount by bank transfer via MT103
within five (5) banking days from the date of transfer of the original shipping documents.
In the case when the Seller delivers the thermal coal on CIF terms and delivers the documents of the cargo to
the Buyer, but was unable for technical reasons to submit the documents for execution by the corresponding
bank, the Buyer will pay to the Seller via by bank transfer via MT103 in the amount specified in the Seller's
commercial invoice within five (5) banking days from the expiration date of the Documentary Credit.

Documents required for Execution of the Letter of Credit:

-Commercial invoice (1 Original + 2 copies).
-Packing List (1 Original + 1 copy).
-Certificate of Test Report for Quality issued by an independent inspection service company (1original + 2
copies).
-Certificate of Origin (1 origiinal + 1 copy).
-Material Safety Data Sheet where the sections related to risks, handling, use and storage of the products are
described accordingly (1 Original+ 1 copy).

Compania Minera Del Ande banking information:

BANK NAME: Banco de Credito del Peru

BANK ADDRESS:
SWIFT CODE:
CORR. SWIFT CODE (USD):
ACCOUNT NAME:
ACCOUNT LEGAL ADDRESS:
ACCOUNT NUMBER (USD):
ACCOUNT SIGNATORY:
Calle Las Camelias 750, Lima 27, Peru
BCPLPEPL
N/A
Compañía Minera del Ande, WP S.A.C.
AAHH Keiko Sofia Fujimori Mz. B, Lt 2 San Juan Bautista
Huamanga, Ayacucho Peru
191-9907649-1-70
Mr. Walter Perez Borda

Looking forward to your confirmation and corresponding purchase order and letter of credit, we remain,

Very truly yours,

Walter Perez Borda

General Director

Compañía Minera del Ande W P SAC, rdelosrios@rolproducts.com, Phone: Peru: 01151-974328706; USA: (571)488-4038