SALES CONTRACT

Indonesian crushed steam coal in bulk

CONTRACT NO.: 10LYIO1119 DATE: Nov. 19, 2010

This agreement is made and entered on 19 November 2010 by and between:

SELLER: CPL (MAURITIUS) Limited

ADDRESS: 7th.Fl, Ebene Mews, 157 Ebene Cyber City, Ebene, Mauritius

TELEPHONE:

FAX:

( hereinafter referred to as “Seller” )

BUYER:

NAME OF COMPANY :AAAG GROUP INTERNATIONAL LIMITED

ADDRESS :

B , HONG KONG

TEL : 852-2227 0328

FAX : 852-2222 0928

( hereinafter referred to as “Buyer” )

Whereas the Seller is in a position to supply the Crushed Steam Coal of Indonesia to the Buyer with following terms and conditions hereby agreed by and between both parties:

of the Commodity: Indonesian crushed steam coal in bulk.

2.Port of Loading : TABONEO, SOUTH KALIMANTAN, INDONESIA

Port of Discharge : ZHENJIANG, CHINA

3.Loading rate: 8000MT PWWD SHINC (INCLUDING SUNDAY AND HOLIDAYS)

Discharge rate: 12000MT PWWD SHINC (INCLUDING SUNDAY AND HOLIDAYS)

4.Demurrage / dispatch rate: USD15,000.00/USD7,500 PER DAY

5.Unit price: USD73.50 M/T FOBST; USD3.5 M/T for 20% Sea Freight

Total USD77.0/ per M/T . Price reviewed every 3 months by mutual agreement.

Negotiation to start on completion of loading of each of the 2nd. months shipments for

The following 3 months will be agreed in writing within 1 week.

6. The reimbursement and/or penalty on quantity, quality、as well as vessel Demurrage / dispatch in this

contract, shall all be paid within 30-days by TT one to another after completion of shipment in discharge port.

8.Quantity: The quantity of the Commodity for shipment shall be 35,000(Thirty Five

Thousand) Metric Tons(MT) per shipment, every 10 days, making 105,000MT month, ± 10% at vessel Owner’s option a period of one (1) year. Making a total of 1,260,000MT.

9.Amount: first shipment USD2,695,000.00（+/-10%）.

YCAN: BEFORE DECEMBER 20, 2010 (SUBJECT TO THE LAYCAN TIME IN

CHARTERER'S NOTE)

11. Shipment Advice:

The seller (or shipper) shall fax the buyer within 3 working days of the completion of the loading, for the following conditions:

A. The completion of loading

B. L/C Number

C. Copy of the bill of lading, commercial invoice, packing list ( and/or weight memo).

12. Vessel Nomination:

The Seller is responsible for chartering vessel and dispatch the Cargo Vessel at loading Anchorage on time. if the vessel has arrived on time in the loading anchorage with no sufficient cargo prepared on spot, or occurred any delay of loading lay-time, all charges and loss shall be borne by the Seller.

13.Shipping terms and conditions which are not mentioned in this contract shall be applied to the latest

edition of GENCON C/P.

14. Payment Term: The Buyer shall open by a bank acceptable to the Seller an irrevocable, transferable L/C

at sight covering USD2,695,000.00 (+/-10%)

14.1 The Seller shall issue a 2% Performance Bond of the cargo value through a Bank. Within 5

working days of receipt of the operational L/C from the buyer.

14.2 L/C shall allow negotiating bank to claim TT reimbursement.

modity place of Origin: Indonesia.

16.Delivery: shipment within 20 days after L/C is established