Whereas the Seller with full authority, hereby agrees to supply and deliver the herein under mentioned

LPFO and fulfill all the requirements referred to herein and shall provide the referenced crude under the conditions and at the times so agreed by the two (2) parties hereto. Whereas the Buyer hereby agrees to fulfill the requirements as referred to herei n and shall purchase, pay and take delivery for all shipments of full cargo of c ommodity Nigerian LOW POUR FUEL OIL described below and under the terms and conditi ons hereunder, at the time so agreed by the two (2) parties hereto: TRANSACTION. Now it is hereby agreed that the seller shall sell and the buyer shall purchase the product as stated, under the following terms and conditions: 1). 1.1 PRODUCT / ORIGIN AND QUALITY. The product sold / purchased under this contract is LOW POUR FUEL OIL.

1.2 NIGERIAN NATIONAL PETROLEUM CORPORATION Origins - Nigeria. The quality or grade of crude oil under this contract shall conform to NNPC Spec ifications, as follows: 2). QUANTITY. 2.1. The total quantity of LPFO sold / purchased under this contract is 100, 000MTS 3). DELIVERY TERMS. 3.1. The delivery basis for the cargo sold under this contract shall be TTT ( Inco terms latest revision)-AWSP in Buyer s option. 4). QUANTITIES AND QUALITY DETERMINATION/INSPECTION.

4.1. An Inspection company SGS/Say bolt will conduct the at buyer conclusion after buyer provide the copy of NOR with copy of the cargo documents to ensure t he quality and quantity of the cargo. 5). SHIPPING TERMS AND VESSEL NOMINATION. 5.1. The Buyer expressly sent his vessel details such as CPA, Q88 and Chatter Invoice. 6). DEMURRAGE. 6.1. All demurrage charges at the loading port are for the Seller's account i f caused by the Seller vise visa.

7). PRICE. The price for each Barrel of LPFO delivered out-turned barrels shall be Dated Br ent on the date of Bill of Lading as published by McGraw Hill market wire ' Platt's' Platt s www.platts.com McGraw Hill, London is the organization internationa lly recognized and accepted who publish official market prices of petroleum prod ucts on a daily basis 7.1. The PLATTS OIL GRAM PRICE REPORT MEAN QUOTATIONS

Gross Net: Seller s Agent:

#83.00 #2.00

Buyer s Agent: Transaction coordinator

#2.00 #2.00

Commissions: Buyer to pay brokers according to the information provided in this contract. 7.2. The Platt quotations shall be the three (3) consecutive mean quotations centered on the loading date. 7.3.. If loading date falls on a Saturday or holiday or a non-publishing day t he effective date for pricing purpose shall be the following business day. 7.4.. The price per bbl shall escalate or de-escalate by USD 0.0012 per one te nth (1/10) of each API degree above or below API 33 to 37 at 60 Deg. F. 8). TERMS OF PAYMENT.