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Formal Letter of Intent to Purchase Company Name: World Coal and Oil (WCO) in conjunctionwith JL Intercontinental Trading Company, LLC (JLIT)Country: USA Subject: Letter of Intent to Purchase Metallurgical Coal Dear Sir, Madam, We take this opportunity to declare our intention to purchase Metallurgical Coal from your organization. Our principle Business Trade Activities include: Wholesale Trade Export and Distribution of Oil, Gas, Fuel and other Refined Products. In line with the above stated, we, WCO and JLIT, hereby confirm with full responsibility that we are willing and able to enter into contract for the purchase of the following items, as specified below, and that funding is available for this particular purchase; Product: Metallurgical CoalOrigin of the Goods: AustraliaTotal Quantity: 2,000,000 tons (annually) + - 160,000 tons (per month)Destination Port: ChinaDelivery Terms: Ship Loaded at PortPacking: Pre-Mix Included if applicablePayment Method: Terms � Bank Guarantee or LOC We understand that this letter of intent is a starting point for further negotiations and operates as a framework under which the transaction can proceed. We look forward to working with you on this proposal, will be beneficial for both entities. Sincerely, Rosalio Executive global salesLa Jolla, California Vargasrosalio at gmail dot com