Dan & Andy

ESPO CRUDE OIL Min. Quantity: 2,000,000 Barrel Max. Quantity: 5,000,000 Barrel per Month CIF/FOB Price: USD 63/BBL. CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES (1) 1. Buyer confirms SCO and issues an official ICPO inserting seller's terms and procedures. 2. Seller issues FCO for buyer's signing, buyer returns signed FCO and a letter of acceptance procedures. Seller issues draft contract/SPA which is open for amendments. 3. Buyer returns the signed draft contract with NCNDA/IMFPA and a letter of guarantee to perform. Seller submits the signed SPA for registration and legalization with the appropriate authorities. 4.Seller sends the below listed partial pop documents to buyer via government secured courier service or mail, on buyer choice. a. Statement of availability of product b. commitment to supply the product c. certificate of origin d. Product Passport e. Proforma Invoice 5. Buyer within 5 to 6 banking days issues SBLC swift MT760 according to Seller's fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, and whereby buyer fail to issue payment instrument within 7 banking days, buyer will make cash deposit of $480,000 by TT wire transfer for allocation and security guarantee to enable seller charter vessel and commence shipment, and this payment shall be deducted from the total cost of product after inspection at discharge port. 6. Seller bank issues the full set of proof of product (pop) and shipping documents with 2%pb (performance bond) to buyer's bank. QQ Certificate & Product passport docs, all will be issued on time. 7. Shipment commences immediately as scheduled in the contract. 8. Buyer pays for the total product value via TT/MT103 to the seller's bank after successful SGS/CIQ inspection at discharge port and title of product ownership transferred to buyer. 9. Seller pays all intermediaries involved in transaction as per signed NCNDA/IMFPA within 72 hours.

(REBCO) RUSIAN EXPORT BLEND CRUDE OIL /LCO / ESPO Quantity Minimum 500.000 BBL Maximum 10.000.000 BBL X MONTH with R/E. Price - $42 / 40USD Gross/Net ,per BBL CIF ASWP Price - USD 36 / 34 $ per bbl On FOB Basis : Novorossiysk/Vladivostok/Rotterdam/ Primorsk

* Quantity MIN 1,000,000 Barrels x 12 months * Origin: Russian Federation Specifications: Standard Export Quality. * Payment: By MT103/760 * Price/Commissions: Final price to Buyer is the Gross, including all commissions. Commissions * Payment is then made by Seller, who carries out all commissions transfers. Contract: 12 Months with possible rollovers. Inspection: SGS or similar * CIF DLC or SBLC PROCEDURE 1. Buyer issues ICPO, company registration, I.D. and Top World Bank redacted Bank Statement or equivalent 2. Seller issues Sales and Purchase Agreement (SPA). 3. Buyer signs and returns SPA. 4. Buyer's Bank issues a RWA letter to guarantee to issue an instrument on behalf of the Buyer within three working days after receiving the following PPOP. 5. Seller issues PPOP to Buyer including the following: A. Copy of license to export issued by the Department of the Ministry of Energy. B. Copy of approval to export issued by the Department of Ministry of Justice. C. Copy of statement of availability of the product. D. Copy of the refinery commitment to produce the product. E. Copy of contract to transport the product to port F. Copy of the port storage agreement G. Copy of the charter party agreements to transport the product to the discharge port. H. Tank Storage Receipt (TSR) I. Q & Q by Current SGS report. 6. Buyer's bank issues operative Letter of Credit DLC MT 700 or SBLC MT-760 to Seller's fiduciary Bank account. 7. Seller issues 2% Performance Bond to Buyers bank. 8. Shipment Commences 9. On getting to Buyer's port of discharge, the Buyer's inspection team board the vessel and perform an inspection. Buyer sends SGS report to Seller. 10. Seller provides shipping document and a master commercial invoice to Buyer, within 3 banking days, Buyer makes the payment in full via MT 103/TT to Seller's Bank account.