Interest Letter

MBS VENTURES LETTER OF INTEREST SUBJECT TO CONTRACT

December 4, 2009 Ref: MBSV/AMBER/LOI/001-09 To: P.T. MULTI CHARYKAD Attn: Mr. Anthony Selliah We MBS Ventures hereby offer together with their associated Companies, with full legal and corporate responsibilities confirm that we are Interested to purchase the following commodity for our clients in accordance with The terms and conditions as stated below and mutually agreed commercial covenants and acceptance of the final contract. SPECIFICATIONS STEAM COAL (Non Coking) GCV 6300kcal/kg reject 6100kcal/kg 1. Total Moisture (ARB) 16% max (NO BLENDING) 2. Inherent Moisture (ADB) 10-12% 3. Ash (ADB) 10% max 4. Volatile Matter (ADB) 40-45 Max 5. Fixed Carbon (ADB) 40% min 6. Sulfur Total (ADB) 0 .8max% - 1% reject 8. High Grove Index (HGI) 41 Min 9. Size 0-50mm 90%min 10. NCV ARB 5500kcal/kg COMMODITY: Steam Coal ORIGIN: Kalimantan Indonesia TOTAL QUANTITY: 360’000 MT MONTHLY SHIPMENTS: 120, 00 MT CONTRACT LENGTH: 3 Months with possible extensions for another 33 months LOADING PORT: South Kalimantan Open Sea DELIVERY PORT: QuanZhou port, Fujian Province, P.R. China Vessel Size: Panamax 70,000 dwt PRICE CIF :__________( USD. ______) per metric ton inclusive of all taxes and Port duties fixed for the Duration of three months in the year from the Date of the first bill of lading. Any extensions of the Contract will also include the renegotiation of the price based on local and world prices At that Time calculated in US dollars to three decimal places. Sellers Acceptance Signature/Seal ________________________________ No 12 A, KK Building, behind Ayyappan Temple, Ramanathapuram, Coimbatore-641045 Mobile: +91 – 9790516014, +91 – 9994388666, Email: [email protected]

MBS VENTURES

Price FOB: _________ (mother vessel open sea) SHIPPING TERMS: From one safe Indonesian seaport with capacity to accept vessels to carry minimum 40,00 Metric Tonnes of Steam Coal to QuanZhou. Total of 120,000MT per month. Shipping cost is paid by the Buyer Packing : Bulk SHIPMENT SCHEDULE : First shipment of 60,000mt within 20(twenty) days upon confirming of the bank instrument. The second will be delivered five days after the first shipment , Total delivery within 30 (thirty) days. INSPECTION : Quality, Quantity, Weight by SGS at Seller’s cost at Loading port , South Kalimantan–Open sea, Indonesia. Quality determination to be performed prior to loading at delivery date. Quantity determination to be performed at the time of loading . PAYMENT TERM : The payment will be by US DOLLARS sight draft against a Confirmed Irrevocable, Documentary Letter of Credit (DLC) valid for 6 (six) months and issued by a top 10 rated world bank or other bank acceptable to seller. If a bank other than top 10 rated bank is requested, seller may request confirmation of DLC at buyer expense. DLC shall be in favor of the seller and in the amount corresponding to the total value of monthly shipments. Payment to be made at sight without any deduction, withholding, offset or counter claim. Partial payments shall be allowed under the letter of credit in accordance with the shipping schedule. Payment in full shall be made on completion of loading by sight draft against CIDLC by presentation of the following documents: PRODUCT DOCUMENTATION FOR LETTER OF CREDIT: 1) Commercial Invoice; 2) Full set of clean “ON BOARD” Bill(s) of Lading identifying vessels’ tanks into which the goods have been loaded; Bill of Lading (B/L) to be signed by tanker’s master or agent at completion of loading. 3) Certificate of shipped weights ascertained at port of loading and issued by an independent surveyor; d) Survey report issued by an independent surveyor Sucofindo at loading port and CIQ at unloading port. e) Certificate of quality issued by an independent surveyor prior to loading f) Certificate of origin; Buyer is to accept Photo-static copies

Sellers Acceptance Signature/Seal ________________________________ No 12 A, KK Building, behind Ayyappan Temple, Ramanathapuram, Coimbatore-641045 Mobile: +91 – 9790516014, +91 – 9994388666, Email: [email protected]

MBS VENTURES TRANSACTION PROCEDURE: 1) Seller sends FCO, and Draft Contract with seller’s details and full co-ordinates, Buyer initials draft contract after satisfied with seller’s terms and conditions returns initialed with banking details to seller. 2) Authorized signatories sign the final contract, and exchanging hard copies, via express courier (if requested). 3) Upon receipt and acceptance of contracts, seller’s bank opens the fully non Operative, Documentary Letter of Credit which activates the sellers performance bond (P.B.) of 2 %( two percent) in return for Letter of Credit from buyers bank. 4) Delivery commences as scheduled agrees by both parties in the contract. 5) The seller shall issue the first cargo within 7(seven) days after received hard DLC from buyer bank. 6) Each party hereto will bear its respective banking costs / charges. Buyer shall be responsible for any Confirmation charges. Seller to be responsible for sight draft negotiation charges. Should any amendments to the documentary letter of credit be requested once the same has been issued, then the party requesting the change will be responsible for the payment of the related costs, unless changes are needed to construct the instruments in compliance with this contract, then the costs shall be borne by the faulting party. SELLER’S BANK DETAIL NAME OF BANK : ADDRESS : PHONE : FAX : ACCOUNT NUMBER : SWIFT : ACCOUNT NAME : OFFICER : THIS LETTER OF INTEREST IS STRICTLY VALID FOR THE NEXT 72 hours ONLY (unless reconfirmed by writing to buyer.) Your co-operation is highly appreciated. Kind regards, For And on Behalf of MBS VENTURES Mahalingam.R Wednesday, December 04, 2009

Sellers Acceptance Signature/Seal _____________________________ No 12 A, KK Building, behind Ayyappan Temple, Ramanathapuram, Coimbatore-641045 Mobile: +91 – 9790516014, +91 – 9994388666, Email: [email protected]