Dear, Marco

PROJECT SUMMARY

Buyer : Glencore

Seller/Shipper : PT Bumi Artha Jaya (BAJ) --> Trading company, complete

documents

Coal Requirements : Calorie GAR 4200/4000

Sulfur < 0.5

Sourced from East Kalimantan

Quantity : 7,500 MT is not ideal but acceptable

Preferred minimum Qty of 15,000 MT (expected to be a monthly

transaction) -- (We suggest to do a maximum of 15,000 MT/month)

Coal Source/Mine : East Kalimantan (IUP-OP Batuah & IUP-OP Alam Nusa Jaya)

Contract : Back to Back contract between BAJ - Batuah and(or) Alam Nusa

Jaya and BAJ - Glencore, with exception of the payment terms.

Delivery & Payment : FOB Barge - Cash 5-4-1 from BAJ to Batuah and(or) Alam Nusa Jaya

FOB Barge - Irrevocable LC At Sight from Glencore to BAJ

Est. Laycan Schedule : End of December 2016 (a minimum of 1 barge)

Buying Price : Rp 425,000/MT (still negotiable)

Selling Price : 38$/MT (per December 2016)

Additional Cost : Brokerage & Insider Fee Rp 20.000/MT. (Non-negotiable)

Loading Time/barge : 8 - 12 days. Simultaneous loading can be done.

Payment Procedure : 1. Investor - BAJ to create a Joint Bank Account, where all the
(Proposed) transaction can be monitored openly by both party
2. LC at sight issued by Glencore to BAJ. BAJ will have to
order a standing instruction to their Banks so the Bank
will immediately transfer what is owed to the investors as
soon as the LC is issued and checked.
Offered Working Scheme : 1. Interest Based Loan
The funds will be treated as a loan where investors
will not be responsible for any risk or loss associated with the
project. First party will be responsible to pay back the loan in
full, except for a Force Majeur situation, where further
discussion will be needed. 100% of the fund should be
returned to the investors after every project before it can be
used for any other project, except for a further agreement
between both party is to be reached previously.

2. Profit Sharing
We also offer an option to share the net profit of the project.
In terms with the profit sharing scheme, the investors will be
fully involved in the project. Both party will have to
agree to
fairly split either any of the profit or loss resulting from the
project. Both parties entitled to get transparent information
and report of the project. Investor side will arrange the finance
matters, while BAJ will have full control in the technical and
day to day operation.

Investment needed : 7500 MT x Rp 425,000 = Rp 3.187.500.000,-

or
15.000 MT x 425000 = Rp 6.375.000.000,-

Kind regards,
Dennis

PS
Please let me know as soon as possible, because Glencore gave me until Monday to make a
decision, whether we can make it before this Year's end. Thanks.