Common use of BTU Adjustment Clause in Contracts

BTU Adjustment. Each month, Buyer shall calculate a BTU adjustment for Shipments during each calendar month as follows: $/ ton = [(Actual BTU - [*] BTU)/[*] BTU * Contract Price ] For each barge with % Moisture greater than [*], an adjustment of [*]/ton for each one percent or part thereof greater than [*] shall apply as follows: [(($/ton = [*] Moisture - As Received % Moisture) ÷ 1%) * [*]] This calculation shall be determined by utilizing four significant digits This Moisture Adjustment is based on the weighted average contract price of [*] per ton for 2009 and 2010 During each successive two-year contract period the Moisture Adjustment shall be increased or decreased for each percentage point of change, or part thereof, to reflect changes to the contract price relative to [*] per ton.

BTU Adjustment. Each month, Buyer shall calculate a BTU adjustment for Shipments during each calendar month as follows: $/ ton = [(Actual BTU - – [*] BTU)/[*] BTU * Contract Price ] For each barge with % Moisture greater than [*], an adjustment of [*]/ton for each one percent or part thereof greater than [*] shall apply as follows: [(($/ton = [*] Moisture - As Received % Moisture) ÷ 1%) * [*]] This calculation shall be determined by utilizing four significant digits This Moisture Adjustment is based on the weighted average contract price of [*] per ton for 2009 and 2010 During each successive two-year contract period the Moisture Adjustment shall be increased or decreased for each percentage point of change, or part thereof, to reflect changes to the contract price relative to [*] per ton.