We having the D2 and JP54 for the Following price and procedure from seller mandate:

Volumes: 5, 10, 15 million barrels or Less
JP54: All Spot Deals: / (NWE Platts Minus)
All contract deals: / (NWE Platts Minus)

For 20 million barrels and above
JP54: All Spot Deals: / (NWE Platts Minus)
All contract deals: / (NWE Platts Minus)

Volumes: 100k-500K
D2: All Spot Deals: / (NWE Platts Minus)
All contract deals: / (NWE Platts Minus)

Volumes: 1 M MT
D2: All Spot Deals: / (NWE Platts Minus)
All contract deals: / (NWE Platts Minus)

1. Seller Issue Draft contract after buyer returns ICPO. Seller and Buyer sign Draft Contract and Lodge in
their Bank.

2. Seller issues PRO-FORMA Invoice for the lift able and attestation letter NOTARIZED by Corporate
attorney. NOTE: There will be penalty clause of some millions of dollars at both sides if whoever not
response after signing the contract.

3. Buyer’s bank issues an Irrevocable, Non Operative Revolving Documentary (Or MT103/23) in favor of
seller and sends a copy of the SWIFT by email to seller for verification of the buyers Instrument.

4. Seller issues 2% Performance Bond to activate Buyer’s Instrument.

5. Seller issues TANK RECEIPTS, SGS Report & Dip Test Authorization to the buyer for the lift able quantity
in ROTTERDAM.

6. Seller Issues to buyer FULL Proof of Product (POP).

7. Buyer conducts Dip Test, confirms product and pay seller by MT103 for the lift able amount.

8. Upon confirmation of buyer’s payment MT103, seller transfers Title to buyer and seller pays
commission.

9. Shipping commences as per agreed schedule in the contract.