Coal - 6300Kcal

9. Commission dispersment

Price is subject to change without notice up until signed contract.

2. End seller issues formal quote
3. Buyer & Seller sign Sales Contract
4. Seller provides proof of past performance
5. Buyers Bank opens LC
6. Sellers bank opens performance bond
7. Shipment commences after inspection
8. Payment

We, The Dare Group, as contracted agent for the mine owners, hereby confirm with full corporate authority and legal responsibility that we are ready, willing and able to facilitate a Sales Contract between potential Buyers and our contracted Seller, for 6300Kcal Thermal Grade B Coal under the following terms and conditions:

Specifications:
Total moisture 12%max
Fixed Carbon 43-68%
Ash 10%max
Sulphur 1.0%max
Volatile Matter 32-40%
Hardgrove Index 45-54
Gross Calorific Value 6300Kcal/kg
Size 0-50mm

Quantity:
Current available capacity is 100, 000 MT/month for 60 continuous months
Expansion to 300, 000 MT/month shortly
Or quantities as agreed with Buyer

Delivery:
FOB mother vessel Colombian Atlantic ports
CIF also available (price & destination port subject to negotiation and approval)

Timing:
Can begin within 10 days of signed contract and open LC

Price:
USD 70 FOB Colombian Atlantic ports

Payment:
LC or DLC 100% at loading

Procedure:
1. End buyer issues RFQ on company letterhead