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Our Ref : Date : 30th November 2011 Managing Director Bumi Sekitar Trading Sdn. Bhd. No.

11 Lorong Batu Nilam 34/4 Bandar Bukit Tinggi 2 41200 Klang, Selangor. Attn : Mr. Ong

FULL CORPORATE OFFER


We, ENEM Industries Sdn. Bhd., a corporation existing under the laws of Malaysia its address at No. 11A-2, Jalan PJS8/12, DataranMentari, 46150, Petaling Jaya, Selangor, Malaysia (hereinafter referred as the SELLER), are ready, willing and able to enter the following terms and conditions of offer as follows : 1. COMMODITY & PLACE OF ORIGIN Commodity : Non-coking Steam Coal

Place of Origin : South Kalimantan 2. Mining Position South Kalimantan 1.Quantity ability 2. Stockpile 3. Loading Port/ Jetty at Port of Loading 4. Packaging 5. Size Hectare 6. Loading Rate 7. Vessel (ST) 8. Notes Min 10,000 MT per month Max 200,000 MT per month Binuang Sungai Puting for vessel anchorage at Taboneo Bulk 95 ha 8000mt/day Geared vessel or Barge Demurrage/dispatch as per actual charter party terms and conditions, provided Vessel is less than 25 years old and fully equipped with minimum 4 x 25 ton onboard Workable Cranes plus 4 x 8 CBM onboard Workable Grabs solar/oil inclusive

1 of 3 ENEM INDUSTRIES SDN. BHD.


No. 11A-2, Jalan PJS8/12, DataranMentari, 46150, Petaling Jaya, Selangor, Malaysia

3. TERMS & CONDITIONS OF OFFER Grade/Spec Quantity Contract Packing Incoterms Shipment Price : GCV ADB 6300 6100 & GCV ADB 5800 5600 : 50,000 mt (+/- 10%) trial shipment : TBA upon successful and acceptance of trial shipment : Bulk : FOB : Mother Vessel port to port only ( Panamax vessel ) : The price offered may be subject to change without notice. Only a fully executed

final contract will guarantee the price, terms, quantity and time frame between Buyer and Seller Gross Clorific Value (ADB) 6300 - 6100 5800 - 5600
Selling Price (USD) 100% LC at sight USD94.00 USD83.00

Payment term Mode of payment

: Payment structure to be discussed later :The shipment is under responsibility of the Buyer for the term FOB Mother Vessel. As such, analysis at the discharge port is NOT the responsibility of the Seller anymore. If the result is not in favor of the Buyer, it shall not change anything as all differences in the characteristic is under Buyers control as the vessel is chartered by them. : Commence within 30-45 days after receipt and acceptance of payment term.

Delivery

Inspecting Authority : Authorised and approved independent surveyors for steam coal as follows: 1.PT.Sucofindo 2.PT.Surveyor Indonesia 3.PT.Carsurin 4.PT.Georservices Price Adjustment : Will be discussed when entering into contract

Weight Determination : Inspecting Authority shall be carried out at the Port of Loading (on Mother Vessel), which shall be final and binding for both parties. Quality Determination : Sampling and analysis shall be carried out at loading port ie stockpile and

2 of 3 ENEM INDUSTRIES SDN. BHD.


No. 11A-2, Jalan PJS8/12, DataranMentari, 46150, Petaling Jaya, Selangor, Malaysia

Barge by the Inspecting Authority at their testing lab as per ASTM Standard, whose results shall be final and binding for both parties. Obligation of Buyer : FOB: Buyer shall be fully responsible for the arrangement of transportation of steam coal (grabber vessel) from Port of Loading and shall arrange for vessel suitable to enter and leave Port of Loading anchorage. : FOB: Seller shall complete the necessary preparation for loading of steam coal before arrival of Buyers vessel. Seller at its own expense shall be fully responsible for loading steam coal in bulk, on Buyers vessel spout trimmed at Port of Loading, free of risk and damage to Buyer or Buyers vessel. : Other terms and conditions to be agreed by the Parties. : 5 (five) working days after the date of issuing the FCO. In this connection, it is strongly advice for buyer to close contract. Price is unstable due to currency conversion rate of Indonesian Rupiah to US Dollar which affect the coal price. : We guarantee the following specification will be supplied

Obligation of Seller

Other Terms Price Validity

Specification

Property
1 2 3 4 5 6 7 8 9 10 Gross Clorific Value Gross Clorific Value Total Moisture Inherent Moisture Ash Content Volatile Matter Fix Carbon Total Sulfur HGI Size (crushed)

Basis
ADB ARB ARB ADB ADB ADB ADB ADB ADB ADB

Unit
Kcal/kg Kcal/kg % % % % % mm

Typical / Rejection Value 5800 5600 4800 5000 26-30% Max 13-15% Max 8% Max 38-42% Max By difference <1% Max 42-45 approx 0-50mm (90%) 6300 6100 5500 5300 16-18% Max 7-9% Max 11-13% Max 38-42% Max By difference <1% Max 42-45 approx 0-50mm (90%)

Kindly acknowledge this FCO and return the duly endorsed copy to us. We hope the above terms and conditions will meet to your requirement. If there is any further clarification required, please contact us direct. And thank you for your interest and looking forward to be of service to your Company. Thanking you and assuring you of our best service at any time.

Thank you. On behalf of Enem Industries Sdn. Bhd. Mohd Riduan Dollah

3 of 3 ENEM INDUSTRIES SDN. BHD.


No. 11A-2, Jalan PJS8/12, DataranMentari, 46150, Petaling Jaya, Selangor, Malaysia

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