Common use of Additional Quantity Clause in Contracts

Additional Quantity. Buyer has the option to purchase one (1) additional cargo in Q3 2011 and one (1) additional cargo in Q4 2011 (each cargo totaling 70,000 MT +/- 10%) (the “Additional Quantity”) on a price to be agreed between the Parties. Such option to purchase both Q3 2011 and Q4 2011 cargoes must be exercised by Buyer not later than 15th April 2011, and the Parties will enter into a separate Purchase Order with regard to the purchase of the Additional Quantity. Delivery Point: FOB Vessel at IC Rail Marine Terminal (“ICRMT’) basis 20,000 MT/day load rate SHINC, 12 hours turn time. In the event that the guaranteed load rate changes the Base Price shall be adjusted in accordance with the following table: 15,000 MT/day [*] 20,000 MT/day [*] 25,000 MT/day [*] 30,000 MT/day [*] 35,000 MT/day [*] Seller shall also have the right to deliver FOB Vessel at the United Bulk Terminal (“UBT”) in Davant, LA. In the event that Seller delivers at UBT the Base Price shall be adjusted in accordance with the table below. 15,000 MT/day [*] 20,000 MT/day [*] 25,000 MT/day [*] 30,000 MT/day [*] 35,000 MT/day [*] In the event that the guaranteed load rate changes at either terminal to a number other than those listed above the Base Price will be linearly adjusted between the two closest load rates.

Additional Quantity. Buyer has the option to purchase one (1) additional cargo in Q3 2011 and one (1) additional cargo in Q4 2011 (each cargo totaling 70,000 MT +/- 10%) (the “Additional Quantity”) on a price to be agreed between the Parties. Such option to purchase both Q3 2011 and Q4 2011 cargoes must be exercised by Buyer not later than 15th April 2011, and the Parties will enter into a separate Purchase Order with regard to the purchase of the Additional Quantity. Delivery Point: FOB Vessel at IC Rail Marine Terminal (“ICRMT’) basis 20,000 MT/day load rate SHINC, 12 hours turn time. In the event that the guaranteed load rate changes the Base Price shall be adjusted in accordance with the following table: 15,000 MT/day [** ] 20,000 MT/day [** ] 25,000 MT/day [** ] 30,000 MT/day [** ] 35,000 MT/day [** ] Seller shall also have the right to deliver FOB Vessel at the United Bulk Terminal (“UBT”) in Davant, LA. In the event that Seller delivers at UBT the Base Price shall be adjusted in accordance with the table below. 15,000 MT/day [** ] 20,000 MT/day [** ] 25,000 MT/day [** ] 30,000 MT/day [** ] 35,000 MT/day [** ] In the event that the guaranteed load rate changes at either terminal to a number other than those listed above the Base Price will be linearly adjusted between the two closest load rates.