Coal

Product:

High Quality Steam/Thermal Coal

Grade:

Type B.

Quantity:

3.000.000 MT/month

Packing: bulk Analysis:

Type "B" typical. See specifications in annex

Loading Port:

Puerto Bolivar – La Guajira – Colombia.

Price:

For final burner NYSE + USD$3.00 (Commissions payable by buyer) x MT FOB Puerto Bolívar, Guajira, Colombia (Atlantic Coast)

NYSE at issued date is:

$115. USD/MT, FOB PTO Bolívar, Guajira , Colombia ..

Final Price:

NYSE New York settlement on the day of contract signing.

Price Revision:

Each six months.

Contract Period:

Five (5) years with roll and extensions.

Inspection:

Quality & quantity by SGS.

Quarantees:

To be agreed up on the day of TTM.