Steam coal

Kalinin Radomir Pavlovich acting in accordance with the Power of Attorney

The BLANCHARD CAPITAL INC. Company

With the best regards,

Price: USD 57-58 (CPT  Coal terminal Sujfenhe (INCOTERMS 2000))

Net Calorific Value (as received): 5659 kcal/kg

Moist Ash Free: 6637 kcal/kg

Dry Ash Free: Volatile matter 43,8%; Sulfur 0,16; Gross CV 7776 kcal/kg

Dry Basis: Ash 12,1; Volatile matter 38,5%; Sulfur 0,14; Gross CV 6835 kcal/kg

As Received: Total moisture 13%; Ash 10,5; Volatile matter 33,5%; Sulfur 0,13; Gross CV 5938 kcal/kg

Payment condition: L/C; B/G; 100%  advance payment

Delivery condition: CPT  Coal terminal Sujfenhe (INCOTERMS 2000)

Manufactures of Kuzbass; Mark: "D" (Grade: 0-50)

Delivery of Russian Steam coal,

Steam coal from Russia