ООО "Русойл "

LLC "RUSOIL"
ADDRESS 127276, ɝ. Мɨɫɤɜа, ɭɥ. Маɪɮиɧɫɤая Б., 6

Our Ref: RSLLC/SCO/512017/07/17

Validity: Through July. 2017

To: Buyer/Buyer Mandate

SOFT CORPORATE OFFER

Expired Date: 31 July,2017

We, LLC "RUSOIL, the direct Seller’s Mandate hereby confirms with full legal and corporate
responsibility under penalty of perjury, that the Seller is ready, willing and able to enter into a
contract to sell and transfer of the aforementioned commodity here under the following terms
and conditions:

GENERAL NOTE: The price for each commodity includes $10 USD commission for seller and buyer
mandate except JP54, Russian export Blend Crude oil Gost 9956-76, D6, and REBCO which is $2USD
Commission Per bbl
Inspection: SGS-Borne by buyer

Method of payment: MT103/TT upon product arrival

Delivery port: FOB,CIF aswp
Performance Bond : Negotiation

PRODUCTS AND PRICE LIST

JP54
Quantity: 100,000-1,000,000 Barrels
Price: Gross $36 USD Per Barrels Net $32 Per Barrels FOB, Primorsk
Gross $40 USD per Barrels Net $36 per Barrels Ton CIF ASWP
D6 Virgin Fuel Oil
Quantity: 100,000,000-800,000,000 Gallon
Price: Gross $0.76 USD per Gallon Net $0.72 USD per Gallon FOB, Novorossiysk
Gross $0.80 USD per Gallon Net $0.76 per Gallon CIF ASWP

BANKING TERMS & OPERATIONAL PROCEDURE

1) Buyers issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller Refinery.

2) Seller issues the Full Corporate Offer and the Draft SPA for all parties to review and endorsed.

3) Upon signing the contract, the seller will legalize and register the hard copies of the contract with the
Appropriate Ministries in Charge.

4) Seller transfers title to buyers’ name and both parties endorse the Charter Party Agreement with the
Shipping Company.

5) Seller sends to Buyer the Scanned copy of the Legalized and Notarized hard copies SPA alongside the
Partial Proof of Product (POP) and Shipping documents as listed below via email.

a). Statement of Product Availability

b) Company License to Export
c) Tank Receipts
d) Bill of Lading and Vessel's Q88
e) Product Passport (Dip Test Result)

6) Upon receipt of the above documents by the buyer, buyer pays for the total Vessel Charter Charges via
T/T Wire transfer directly into the shipping company's account and the payment will be deducted from
the L/C value for the first shipment, both parties endorse the NCNDA/IMFPA.

7) Upon Confirmation of the payment to the shipping company, the sellers bank will swift the 2% PB
operative alongside the outstanding Shipping and POP documents to the buyer’s bank.

8) The Buyer’s bank will swift in return, the Irrevocable Non-Transferable Letter of Credit MT700 or
SBL/C MT760 to the Seller’s bank
9) Shipment will commence within 14 -17 days upon receiving MT760 Payment Guarantee from the
Buyer’s bank and upon arrival of the cargo at the discharges port, payment will be made for the product
by the buyer via T/T Wire transfer after CIQ/SGS Inspection at discharge port.

10) Seller will release payments to the intermediaries involved within 48 hours of receiving the payment
for the product from the Buyer’s bank.

11) Upon the first shipment delivery and receipt of payment, Buyer’s bank will issue an IRDLC which will
be revolving for 11 months to the Seller’s bank and payments will be made at sight against CIQ/SGS
inspection at the discharge port.

TERMS & OPERATIONAL PROCEDURE SPOT CI, DIP & PAY

1) Buyer issue ICPO to seller.

2) Seller issues Commercial Invoice for buyer to countersign upon acceptance of the terms and
conditions and buyer send Tank Storage Lease Agreement (TSA) to seller.

3) Seller issues dip test authorization (DTA) letter for buyer and buyer’s tank farm to endorse/sign/seal.

4) Seller sends Q&Q reports, Pre-Injection Report and Statement of product availability documents to
buyer

5) Buyer sends Port Clearance Certificate (PCC) in buyer’s name to Seller and Seller issues unconditional
DTA to Buyer/Buyer’s inspection team to conduct dip testing in seller’s tank farm.

6) Upon successful dip test, buyer provide Tank Storage Receipt (TSR) for 5-7 days tank lease to Seller.

7) Seller commence injection of Fuel to buyer’s tank farm and Buyer makes payment by MT103 T/T wire
transfer for the total product available.

8) Seller pays commission to the intermediaries involved in the transaction

Sign By:

Ivanov Aleksandr Viktorovich

General Director