STEAM COAL

To : Valued Customer, We , Karna Resources in Collaboration Kalimantan Miners , confirmed with full corporate responsibility , that we are ready and capable to enter into a contract to sell the commodity , with the following terms , conditions and specifications as stated below , The sales and purchase contract would be in accordance with international standards and procedures GROSS CALORIFIC VALUE : 6300 kcal/kg ADB, REJ.6100 6000 kcal/kg ADB, REJ.5800 5800 Kcal/kg ADB ,REJ.5500 5500Kcal/kg ADB, REJ 5300 TYPE OF COAL : Crushed MINING LOCATION : South Kalimantan, Indonesia QUANTITY : 30,000Mt / 60.000 mt/month CONTRACT DURATION : 12months READY FOR SHIPMENT : 45-60 days CERTIFICATE OF ANALYSIS : Sucofindo Incoterms Term : F.O.B. Mother Vessel PRICE FOB MV : GCV 6300 USD 53 / MT GCV 6000 USD 48 / MT GCV 5800 USD 42 / MT GCV 5500 USD 35 / MT PAYMENT TERM : Irrevocable DLC 100% At Sight International Prime Bank PERFOMANCE BOND : 2 % PB AFT IDT/HT/FT 1100 to 1250 deg. Celsius LOADING PORTS : South Kalimantan LOADING RATE : 6000-7000 MTs/day SHINC OFFER VALIDITY : 7 days from this date Should you have any interest on this offer, please kindly send us LOI/ICPO and BCL. Phone 081315399411 Email : karna. resources@gmail .com Proof of Product Proof of product will be exchanged after proof of funds via bank to bank before buyer’s Operative L/C all past performance would only be presented on sigh during sight visit after signing of contract Specifications: Gross Calorific Value kcal/kg (ARB) 5,500 to 5,800 kcal/kg 5,800 to 6,300 kcal/kg 6,300 to 6,500 kcal/kg Total Moisture 16.0 % - 22.0 % 8.0 % - 15.0 % 8.0 % - 15.0 % Inherent Moisture 7.5 % - 13.5 % 3.0 % - 10.0 % 7.0 % - 9.0 % Ash content (ADB) 8.0 % - 11.0 % 8.0 % - 15.0 % 3.50 % - 6.50 % Volatile matter (ADB) 39.00 % - 44.00 % 39.00 % - 42.00 % 39.00 % - 44.00 % Fixed Carbon 39.00 % - 41.00 % 39.00 % - 43.00 % 39.00 % - 44.00 % Total Sulphur (ADB) 0.20 % - 1.00 % 0.20 % - 1.00 % 0.50 % - 1.00 % Grindability (HGI) 42 – 49 38 – 45 45 – 52 Ash Fusion Temp > 1250 > 1550 > 1550 Size + 10 mm = 80 % + 30 mm = 10 % - 50 mm = 99 % + 10 mm = 80 % + 30 mm = 10 % - 50 mm = 99 % + 10 mm = 80 % + 30 mm = 10 % - 50 mm = 99 % Phone 081315399411 Email : karna. resources@gmail .com Guidelines to Note when Preparing Documents LETTER OF INTENT (lOI) 1. Freshly Dated 2. The letter head is genuine, check for any signs of cut and paste or scan and edit 3. All documents must be addressed to Karna Resources , signed and sealed 4. Must state qty, spot order or annual destination port, price idea, specs, and origin preferred 5. Must have all forms of communication stated ( tel, fax, email to facilitate cross check ) IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) 1 Freshly Dated 2 The letter head is genuine, check for any signs of cut and paste or scan and edit 3 All Documents must be addressed to Karna Resources , signed and sealed. 4 Must be detailed stating _ quantity, spot order or annual, destination port , price idea, specifications , and origin preferred. 5 Must have all forms of communication stated 6 Bankers information must be the same as the to the company ordering and as stated in the letter head . if different , then it must be accompanied by letter of the owners of the bank account attached to the ICPO starting their authorization of the purchase 7 Soft probe access must granted on the ICPO or in another letter from Directors or the authorized person of the company their authorization 8 Payment items. BANK COMFORT LETTER ( BCL ) 1. Freshly Dated 2. The letter head is genuine, check for any signs of cut and paste or scan and edit 3. All documents must be addressed to Karna Resources , signed and sealed 4. Must have all forms of communication stated ( tel, fax, email to facilitate cross check 5. Statements given by the bank must be clear and precise and it must be about the account of the purchaser